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INCOME TAXES
6 Months Ended
Apr. 30, 2019
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company’s estimated annual effective tax rates for the three and six months ended April 30, 2019 were 24.7% and 23.8%, respectively, as compared to 24.3% and (28.3)%, respectively, for the three and six months ended April 30, 2018. During the first quarter of fiscal 2018, the revaluation of our deferred taxes using the tax rate enacted by the Tax Cuts and Jobs Act during that quarter resulted in the recognition of a $37.5 million discrete income tax benefit. There were no other material discrete items affecting either period. Excluding the effects of discrete items, the Company's estimated annual effective tax rate for the six months ended April 30, 2019 would have been approximately 24.5%, as compared to an estimated annual effective tax rate of 24.4% for the six months ended April 30, 2018. The Company estimates its effective tax rate for the full fiscal year 2019, exclusive of discrete items, will be approximately 24.5%. As of April 30, 2019, the Company's deferred income tax liability was $69.5 million as compared to $62.8 million at October 31, 2018, an increase of $6.7 million.