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Income Taxes (Tables) | 12 Months Ended
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Oct. 31, 2016
Income Tax Disclosure [Abstract] |
Income Tax Expense | Income tax expense includes the following:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Current: |  |  |
U.S. federal |  | $ | 44,156 |  |  | $ | 36,875 |  |  | $ | 52,985 |
State and local |  |  | 2,256 |  |  |  | 1,623 |  |  |  | 1,900 |
Foreign |  |  | 53,836 |  |  |  | 49,153 |  |  |  | 47,366 |
Total current |  |  | 100,248 |  |  |  | 87,651 |  |  |  | 102,251 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal |  |  | (2,334 | ) |  |  | 4,950 |  |  |  | 8,695 |
State and local |  |  | 563 |  |  |  | 1,031 |  |  |  | (1,635 | )
Foreign |  |  | (1,826 | ) |  |  | (3,881 | ) |  |  | (3,571 | )
Total deferred |  |  | (3,597 | ) |  |  | 2,100 |  |  |  | 3,489 |
|  | $ | 96,651 |  |  | $ | 89,751 |  |  | $ | 105,740 |
Income Taxes Computed at the U.S. Statutory Rate and Income Tax | A reconciliation of the U.S. statutory federal rate to the worldwide consolidated effective tax rate follows:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Statutory federal income tax rate |  |  | 35.00 | % |  |  | 35.00 | % |  |  | 35.00 | %
Domestic Production Deduction |  |  | (1.43 | ) |  |  | (1.47 | ) |  |  | (1.74 | )
Foreign tax rate variances, net of foreign tax credits |  |  | (4.59 | ) |  |  | (3.25 | ) |  |  | (3.42 | )
State and local taxes, net of federal income tax benefit |  |  | 0.50 |  |  |  | 0.43 |  |  |  | 0.05 |
Amounts related to prior years |  |  | (1.20 | ) |  |  | (1.04 | ) |  |  | (0.24 | )
Tax benefit from previously taxed dividends paid |  |  | (1.67 | ) |  |  | — |  |  |  | — |
Other – net |  |  | (0.38 | ) |  |  | 0.16 |  |  |  | 0.35 |
Effective tax rate |  |  | 26.23 | % |  |  | 29.83 | % |  |  | 30.00 | %
Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2016, 2015 and 2014 is as follows:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Balance at beginning of year |  | $ | 6,258 |  |  | $ | 5,812 |  |  | $ | 5,717 |
Additions based on tax positions related to the current year |  |  | 522 |  |  |  | 288 |  |  |  | 196 |
Additions for tax positions of prior years |  |  | 310 |  |  |  | 331 |  |  |  | 319 |
Reductions for tax positions of prior years |  |  | (140 | ) |  |  | (28 | ) |  |  | — |
Settlements |  |  | (3,091 | ) |  |  | — |  |  |  | (110 | )
Lapse of statute of limitations |  |  | (523 | ) |  |  | (145 | ) |  |  | (310 | )
Balance at end of year |  | $ | 3,336 |  |  | $ | 6,258 |  |  | $ | 5,812 |
Significant Components of Deferred Tax Assets and Liabilities | Significant components of deferred tax assets and liabilities are as follows:
|  | 2016 |  |  | 2015 |
Deferred tax assets: |  |  |  |  |  |  |  |
Employee benefits |  | $ | 93,837 |  |  | $ | 84,651 |
Other accruals not currently deductible for taxes |  |  | 16,861 |  |  |  | 17,259 |
Tax credit and loss carryforwards |  |  | 11,111 |  |  |  | 9,242 |
Inventory adjustments |  |  | 7,915 |  |  |  | 6,591 |
Total deferred tax assets |  |  | 129,724 |  |  |  | 117,743 |
Valuation allowance |  |  | (8,304 | ) |  |  | (6,768 | )
Total deferred tax assets |  |  | 121,420 |  |  |  | 110,975 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 171,209 |  |  |  | 171,234 |
Other - net |  |  | 1,366 |  |  |  | 196 |
Total deferred tax liabilities |  |  | 172,575 |  |  |  | 171,430 |
Net deferred tax liabilities |  | $ | (51,155 | ) |  | $ | (60,455 | )

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