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INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of income before income taxes and noncontrolling interests are as follows (in thousands):

			Year ended October 31,
			2024						2023						2022
Domestic			$596,060						$479,990						$429,329
Foreign			81,526						75,293						61,694
Income before taxes and noncontrolling interests			$677,586						$555,283						$491,023

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the provision for income taxes on income before income taxes and noncontrolling interests are as follows (in thousands):

			Year ended October 31,
			2024						2023						2022
Current:
Federal			$97,164						$96,492						$63,861
State			19,195						18,225						13,015
Foreign			24,143						22,714						14,648
			140,502						137,431						91,524
Deferred:
Federal			(17,038)						(19,049)						8,154
State			(2,911)						(4,311)						1,129
Foreign			(2,053)						(3,171)						(407)
			(22,002)						(26,531)						8,876
Total income tax expense			$118,500						$110,900						$100,400

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the federal statutory income tax rate to the Company’s effective tax rate is as follows:

			Year ended October 31,
			2024						2023						2022
Federal statutory income tax rate			21.0		%				21.0		%				21.0		%
State taxes, net of federal income tax benefit			2.5		%				2.5		%				2.6		%
Foreign-derived intangible income deduction			(2.4		%)				(1.9		%)				(1.9		%)
Tax-exempt (gains) losses on corporate-owned life insurance policies			(2.3		%)				(.6		%)				2.8		%
Research and development tax credits			(2.1		%)				(1.9		%)				(1.5		%)
Tax benefit related to stock option exercises			(2.0		%)				(1.1		%)				(3.6		%)
Nondeductible compensation			2.2		%				1.4		%				1.2		%
Other, net			.6		%				.6		%				(.2		%)
Effective tax rate			17.5		%				20.0		%				20.4		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

			As of October 31,
			2024						2023
Deferred tax assets:
Inventories			$92,498						$85,560
Deferred compensation plan liability			57,016						44,882
Capitalized research and development costs			48,820						29,142
Operating lease liabilities			28,270						26,771
Share-based compensation			11,387						10,665
Performance-based compensation accrual			8,183						6,632
Contract liabilities (deferred revenue)			6,146						2,885
Interest expense limitation carryforward			4,869						24,770
Other			16,788						19,092
Total deferred tax assets			273,977						250,399
Deferred tax liabilities:
Goodwill and other intangible assets			(330,624)						(324,774)
Property, plant and equipment			(27,701)						(28,533)
Operating lease right-of-use assets			(26,766)						(25,620)
Other			(3,042)						(3,318)
Total deferred tax liabilities			(388,133)						(382,245)
Net deferred tax liability			($114,156)						($131,846)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the activity related to the liability for gross unrecognized tax benefits during fiscal 2024 and 2023 is as follows (in thousands):

			Year ended October 31,
			2024						2023
Balances as of beginning of year			$4,363						$3,503
Increases related to current year tax positions			2,521						1,356
Increases related to prior year tax positions			88						214
Lapses of statutes of limitations			(521)						(710)
Balance as of end of year			$6,451						$4,363

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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