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INCOME TAXES (Tables) | 12 Months Ended
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Oct. 31, 2016
INCOME TAXES |
Schedule of earnings before income taxes |
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Fiscal years ended October 31 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
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Earnings before income taxes: |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 292,184 |  | $ | 254,276 |  | $ | 239,501 |
Non-U.S. |  |  | 38,276 |  |  | 36,755 |  |  | 16,944 |
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Total |  | $ | 330,460 |  | $ | 291,031 |  | $ | 256,445 |
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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 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
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Statutory federal income tax rate |  | ​ | 35.0% |  | ​ | 35.0% |  | ​ | 35.0% |
Domestic manufacturer's deduction |  |  | (0.8) |  |  | (1.7) |  |  | (1.9) |
State and local income taxes, net of federal benefit |  | ​ | 1.5 |  | ​ | 2.2 |  | ​ | 1.5 |
Non-U.S. taxes |  |  | (1.8) |  |  | (3.1) |  |  | (1.2) |
Federal research tax credit |  | ​ | (1.5) |  | ​ | (0.9) |  | ​ | (0.2) |
Other, net |  |  | (2.3) |  |  | (0.8) |  |  | (1.0) |
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Consolidated effective tax rate |  | ​ | 30.1% |  | ​ | 30.7% |  | ​ | 32.2% |
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Schedule of components of the provision for income taxes |
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Fiscal years ended October 31 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
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Provision for income taxes: |  | ​ |  |  | ​ |  |  | ​ |  |
Current: |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 77,685 |  | $ | 75,496 |  | $ | 75,815 |
State |  |  | 6,929 |  |  | 9,389 |  |  | 5,997 |
Non-U.S. |  | ​ | 6,295 |  | ​ | 6,219 |  | ​ | 3,672 |
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Current provision |  | $ | 90,909 |  | $ | 91,104 |  | $ | 85,484 |
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Deferred: |  | ​ |  |  | ​ |  |  | ​ |  |
Federal |  | $ | 7,283 |  | $ | 430 |  | $ | (3,047) |
State |  | ​ | 297 |  | ​ | — |  | ​ | (81) |
Non-U.S. |  |  | 977 |  |  | (2,094) |  |  | 219 |
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Deferred benefit |  | ​ | 8,557 |  | ​ | (1,664) |  | ​ | (2,909) |
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Total provision for income taxes |  | $ | 99,466 |  | $ | 89,440 |  | $ | 82,575 |
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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 |  |  | 2016 |  |  | 2015 |
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Deferred tax assets (liabilities): |  | ​ |  |  | ​ |  |
Compensation and benefits |  | $ | 37,200 |  | $ | 41,341 |
Warranty and insurance |  | ​ | 17,443 |  | ​ | 12,067 |
Advertising and sales allowance |  |  | 11,185 |  |  | 10,474 |
Depreciation |  | ​ | (13,578) |  | ​ | (7,689) |
Other |  |  | 6,845 |  |  | 12,264 |
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Deferred tax assets |  | $ | 59,095 |  | $ | 68,457 |
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Valuation allowance |  |  | (1,867) |  |  | (1,801) |
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Net deferred tax assets |  | $ | 57,228 |  | $ | 66,656 |
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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, 2015 |  | $ | 6,343 |
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Increase as a result of tax positions taken during a prior period |  |  | 683 |
Increase as a result of tax positions taken during the current period |  | ​ | 453 |
Decrease relating to settlements with taxing authorities |  |  | (1,666) |
Reductions as a result of statute of limitations lapses |  | ​ | (638) |
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Balance as of October 31, 2016 |  | $ | 5,175 |
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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