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INCOME TAXES (Tables) | 12 Months Ended
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Oct. 31, 2015
INCOME TAXES |
Schedule of earnings before income taxes |
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Fiscal years ended October 31 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
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Earnings before income taxes: |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 254,276 |  | $ | 239,501 |  | $ | 213,509 |
Non-U.S. |  |  | 36,755 |  |  | 16,944 |  |  | 13,204 |
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Total |  | $ | 291,031 |  | $ | 256,445 |  | $ | 226,713 |
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Schedule of reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate |
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Fiscal years ended October 31 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
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Statutory federal income tax rate |  |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Domestic manufacturer's deduction |  |  | (1.7 | ) |  | (1.9 | ) |  | (2.0 | )
State and local income taxes, net of federal benefit |  |  | 2.2 |  |  | 1.5 |  |  | 1.5 |
Non-U.S. taxes |  |  | (3.1 | ) |  | (1.2 | ) |  | (0.3 | )
Federal research tax credit |  |  | (0.9 | ) |  | (0.2 | ) |  | (2.4 | )
Other, net |  |  | (0.8 | ) |  | (1.0 | ) |  | (0.1 | )
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Consolidated effective tax rate |  |  | 30.7 | % |  | 32.2 | % |  | 31.7 | %
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Schedule of components of the provision for income taxes |
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Fiscal years ended October 31 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
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Provision for income taxes: |  |  |  |  |  |  |  |  |  |
Current – |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 75,496 |  | $ | 75,815 |  | $ | 61,388 |
State |  |  | 9,389 |  |  | 5,997 |  |  | 5,108 |
Non-U.S. |  |  | 6,219 |  |  | 3,672 |  |  | 5,734 |
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Current provision |  | $ | 91,104 |  | $ | 85,484 |  | $ | 72,230 |
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Deferred – |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 430 |  | $ | (3,047 | ) | $ | 824 |
State |  |  | – |  |  | (81 | ) |  | 91 |
Non-U.S. |  |  | (2,094 | ) |  | 219 |  |  | (1,277 | )
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Deferred benefit |  |  | (1,664 | ) |  | (2,909 | ) |  | (362 | )
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Total provision for income taxes |  | $ | 89,440 |  | $ | 82,575 |  | $ | 71,868 |
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Schedule of tax effects of temporary differences that give rise to the net deferred income tax assets |
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October 31 |  |  | 2015 |  |  | 2014 |
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Deferred tax assets (liabilities): |  |  |  |  |  |  |
Compensation and benefits |  | $ | 41,341 |  | $ | 40,412 |
Warranty and insurance |  |  | 12,067 |  |  | 8,787 |
Advertising and sales allowance |  |  | 10,474 |  |  | 8,954 |
Depreciation |  |  | (7,689 | ) |  | 3,096 |
Other |  |  | 12,264 |  |  | 11,660 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax assets |  | $ | 68,457 |  | $ | 72,909 |
Valuation allowance |  |  | (1,801 | ) |  | (4,012 | )
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Net deferred tax assets |  | $ | 66,656 |  | $ | 68,897 |
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Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits |
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Balance as of October 31, 2014 |  | $ | 5,042 |
Increase as a result of tax positions taken during a prior period |  |  | 801 |
Decrease as a result of tax positions taken during a prior period |  |  | (138 | )
Increase as a result of tax positions taken during the current period |  |  | 807 |
Decrease relating to settlements with taxing authorities |  |  | (169 | )
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Balance as of October 31, 2015 |  | $ | 6,343 |
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