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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Operating activities      
Net income $ 28,274 $ 53,294 $ 61,431
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 156,754 135,420 110,896
Amortization of share-based compensation 9,875 12,552 16,371
Live inventory adjustment (net of prior period reversal) (2,800) (6,800) 9,600
Provision for losses (recoveries) on accounts receivable 0 (2,000) 0
Deferred income taxes 67,540 11,339 (29,105)
Loss on asset disposals 728 1,175 0
Change in assets and liabilities:      
Accounts receivable - trade (15,768) (7,846) 16,936
Accounts receivable - insurance 445 6,649 (7,094)
Inventories 2,721 (43,072) 3,109
Income taxes (27,365) 26,362 (39,623)
Prepaid expenses and other assets 95 (14,338) (4,132)
Accounts payable (14,600) 18,517 24,077
Right of use assets 13,860 0 0
Lease liabilities (13,860) 0 0
Accrued expenses, claims payable and other liabilities 16,110 15,548 (31,053)
Total adjustments 193,735 153,506 69,982
Net cash provided by operating activities 222,009 206,800 131,413
Investing activities      
Capital expenditures (202,437) (249,503) (308,875)
Net proceeds from sale of property and equipment 481 996 2,201
Net cash used in investing activities (201,956) (248,507) (306,674)
Financing activities      
Borrowings from revolving line of credit 145,000 125,000 0
Payments on revolving line of credit (175,000) (70,000) 0
Payments for debt issuance costs 0 (2,225) 0
Dividends paid (31,133) (28,357) (28,966)
Repurchase of common stock 0 0 (83,463)
Proceeds from issuance of restricted stock under stock compensation plans 1,175 942 1,320
Payments from issuance of common stock under stock compensation plans (6,451) (9,429) (11,722)
Net cash provided by (used in) financing activities (66,409) 15,931 (122,831)
Net change in cash and cash equivalents (46,356) (25,776) (298,092)
Cash and cash equivalents at beginning of year 95,417 121,193 419,285
Cash and cash equivalents at end of year 49,061 95,417 121,193
Supplemental disclosure of cash flow information:      
Income taxes paid 1,415 3,106 40,090
Interest paid, net 5,299 4,043 2,054
Non-cash investing activities:      
Capital expenditures included in accounts payable $ 3,531 $ 10,209 $ 24,921