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Income Taxes (Tables) | 12 Months Ended
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Oct. 31, 2022
Income Tax Disclosure [Abstract] |
Income Tax Expense | Income tax expense includes the following:
| 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |
U.S. federal | $ | 59,639 |  |  | $ | 40,879 |  |  | $ | 17,507 |
State and local | 7,535 |  |  | 4,429 |  |  | 984 |
Foreign | 79,734 |  |  | 70,429 |  |  | 47,415 |
Total current | 146,908 |  |  | 115,737 |  |  | 65,906 |
Deferred: |  |  |  |  |
U.S. federal | (9,408) |  |  | 6,371 |  |  | (9,919) |
State and local | (596) |  |  | 1,470 |  |  | (1,023) |
Foreign | (728) |  |  | (3,770) |  |  | (3,014) |
Total deferred | (10,732) |  |  | 4,071 |  |  | (13,956) |
| $ | 136,176 |  |  | $ | 119,808 |  |  | $ | 51,950 |
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:
| 2022 |  | 2021 |  | 2020
Statutory federal income tax rate | 21.00 | % |  | 21.00 | % |  | 21.00 | %
Share-based and other compensation | 0.26 |  |  | (0.30) |  |  | (4.15) |
Foreign tax rate variances | 0.95 |  |  | 0.84 |  |  | 1.51 |
State and local taxes, net of federal income tax benefit | 0.84 |  |  | 0.81 |  |  | (0.01) |
Foreign-Derived Intangible Income Deduction | (1.59) |  |  | (1.19) |  |  | (0.95) |
Global Intangible Low-Taxed Income net of foreign tax credits | 0.23 |  |  | 0.44 |  |  | 0.97 |
Other – net | (0.72) |  |  | (0.73) |  |  | (1.14) |
Effective tax rate | 20.97 | % |  | 20.87 | % |  | 17.23 | %
Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2022, 2021 and 2020 is as follows:
| 2022 |  | 2021 |  | 2020
Balance at beginning of year | $ | 3,720 |  |  | $ | 6,717 |  |  | $ | 2,909 |
Additions based on tax positions related to the current year | 310 |  |  | 370 |  |  | 370 |
Additions for tax positions of prior years | — |  |  | — |  |  | 4,068 |
Reductions for tax positions of prior years | (70) |  |  | (350) |  |  | — |
Settlements | — |  |  | — |  |  | (137) |
Lapse of statute of limitations | (1,088) |  |  | (3,017) |  |  | (493) |
Balance at end of year | $ | 2,872 |  |  | $ | 3,720 |  |  | $ | 6,717 |
Significant Components of Deferred Tax Assets and Liabilities | Significant components of deferred tax assets and liabilities are as follows:
| 2022 |  | 2021
Deferred tax assets: |  |  |
Lease Liabilities | $ | 28,413 |  |  | $ | 32,572 |
Employee benefits | 22,079 |  |  | 39,798 |
Tax credit and loss carryforwards | 15,616 |  |  | 19,269 |
Other accruals not currently deductible for taxes | 11,336 |  |  | 16,542 |
Inventory adjustments | 6,423 |  |  | 6,924 |
Total deferred tax assets | 83,867 |  |  | 115,105 |
Valuation allowance | (10,130) |  |  | (14,141) |
Total deferred tax assets | 73,737 |  |  | 100,964 |
Deferred tax liabilities: |  |  |
Depreciation and amortization | 145,285 |  |  | 145,494 |
Lease right-of-use assets | 27,548 |  |  | 31,615 |
Other - net | 1,238 |  |  | 941 |
Total deferred tax liabilities | 174,071 |  |  | 178,050 |
Net deferred tax liabilities | $ | (100,334) |  |  | $ | (77,086) |

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