Quarterly Financial Data (unaudited)

12 Months Ended

Oct. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (unaudited)

Quarterly Financial Data (unaudited)

	Fiscal Year 2020
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
			(Unaudited)
Net sales	$	823,078	$	844,711	$	956,455	$	940,023
Gross profit (loss)	(446)		12,428		90,458		91,716
Net income (loss)	(38,576)		6,118		32,810		27,922
Diluted earnings (loss) per share	$	(1.76)	$	0.28	$	1.48	$	1.26

	Fiscal Year 2019
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
			(unaudited)
Net sales	$	743,388	$	845,229	$	945,152	$	906,489
Gross profit	34,988		104,396		121,008		18,743
Net income (loss)	(17,833)		40,636		53,362		(22,871)
Diluted earnings (loss) per share	$	(0.82)	$	1.83	$	2.41	$	(1.05)

During the second quarter of fiscal 2020, when the CARES Act was enacted, the Company recognized a net discrete income tax benefit of approximately $37.5 million related to net operating loss carry-back provisions, which affects the comparability of the net income (loss) lines in the tables above. For a more detailed discussion of the Company's income taxes, refer to "Part II, Item 8, Notes to Consolidated Financial Statements, Note 8 - Income Taxes."