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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2017
Operating activities      
Net income $ 53,294 $ 61,431 $ 279,745
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 135,420 110,896 100,337
Amortization of share-based compensation 12,552 16,371 17,376
Live inventory adjustment (net of prior period reversal) (6,800) 9,600 0
Provision for losses (recoveries) on accounts receivable (2,000) 0 610
Deferred income taxes 11,339 (29,105) 16,150
Loss on asset disposals (1,175) 0 0
Change in assets and liabilities:      
Accounts receivable - trade (7,846) 16,936 (15,130)
Accounts receivable - insurance 6,649 (7,094) 0
Inventories (43,072) 3,109 (32,459)
Income taxes 26,362 (39,623) (9,341)
Prepaid expenses and other assets (14,338) (4,132) (4,279)
Accounts payable 18,517 24,077 12,013
Accrued expenses, claims payable and other liabilities 15,548 (31,053) 43,931
Total adjustments 153,506 69,982 129,208
Net cash provided by operating activities 206,800 131,413 408,953
Investing activities      
Capital expenditures (249,503) (308,875) (166,768)
Net proceeds from sale of property and equipment 996 2,201 853
Net cash used in investing activities (248,507) (306,674) (165,915)
Financing activities      
Borrowings from revolving line of credit 125,000 0 0
Payments on revolving line of credit (70,000) 0 0
Payments for debt issuance costs (2,225) 0 (2,416)
Dividends paid (28,357) (28,966) (46,399)
Repurchase of common stock 0 (83,463) 0
Proceeds from issuance of restricted stock under stock compensation plans 942 1,320 983
Payments from issuance of common stock under stock compensation plans (9,429) (11,722) (10,032)
Net cash provided by (used in) financing activities 15,931 (122,831) (57,864)
Net change in cash and cash equivalents (25,776) (298,092) 185,174
Cash and cash equivalents at beginning of year 121,193 419,285 234,111
Cash and cash equivalents at end of year 95,417 121,193 419,285
Supplemental disclosure of cash flow information:      
Income taxes paid 3,106 40,090 139,990
Interest paid, net 4,043 2,054 1,867
Non-cash investing activities:      
Capital expenditures included in accounts payable $ 10,209 $ 24,921 $ 10,966