XML 25 R15.htm IDEA: XBRL DOCUMENT v3.22.4
INCOME TAXES
3 Months Ended
Jan. 31, 2023
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block] INCOME TAXES
    
The Company's effective tax rate was 16.9% in the first quarter of fiscal 2023, as compared to 4.1% in the first quarter of fiscal 2022. The increase in the Company's effective tax rate principally reflects a larger tax benefit from stock option exercises recognized in the first quarter of fiscal 2022. The Company recognized a discrete tax benefit from stock option exercises in both the first quarter of fiscal 2023 and 2022 of $6.2 million and $17.8 million, respectively.