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Income Taxes (Tables) | 12 Months Ended
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Oct. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of earnings before income taxes | Earnings before income taxes were as follows (in thousands):
Fiscal Years Ended October 31 |  | 2019 |  | 2018 |  | 2017
Earnings before income taxes: |  |  |  |  |  |  |  |  |
U.S. |  | $ | 283,730 |  |  | $ | 333,136 |  |  | $ | 307,136 |
Foreign |  | 38,403 |  |  | 39,261 |  |  | 46,048 |
Total earnings before income taxes |  | $ | 322,133 |  |  | $ | 372,397 |  |  | $ | 353,184 |
Schedule of reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate | A reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate is summarized as follows:
Fiscal Years Ended October 31 |  | 2019 |  | 2018 |  | 2017
Statutory federal income tax rate |  | 21.0 | % |  | 23.3 | % |  | 35.0 | %
Excess deduction for stock compensation |  | (3.7 | ) |  | (3.5 | ) |  | (5.3 | )
Domestic manufacturer's deduction |  | 0.1 |  |  | (0.9 | ) |  | (1.2 | )
State and local income taxes, net of federal benefit |  | 1.1 |  |  | 1.3 |  |  | 0.5 |
Foreign operations |  | (0.3 | ) |  | (0.5 | ) |  | (2.3 | )
Federal research tax credit |  | (1.5 | ) |  | (1.2 | ) |  | (1.5 | )
Foreign-derived intangible income |  | (1.3 | ) |  | — |  |  | — |
Remeasurement of deferred tax assets and liabilities |  | (0.1 | ) |  | 5.2 |  |  | — |
Deemed repatriation tax |  | (0.2 | ) |  | 3.6 |  |  | — |
Other, net |  | (0.2 | ) |  | (0.3 | ) |  | (1.0 | )
Consolidated effective tax rate |  | 14.9 | % |  | 27.0 | % |  | 24.2 | %
Schedule of components of the provision for income taxes | Components of the company's provision for income taxes were as follows (in thousands):
Fiscal Years Ended October 31 |  | 2019 |  | 2018 |  | 2017
Current provision: |  |  |  |  |  |  |  |  |
Federal |  | $ | 37,415 |  |  | $ | 64,375 |  |  | $ | 83,091 |
State |  | 7,495 |  |  | 6,192 |  |  | 3,036 |
Foreign |  | 6,846 |  |  | 7,087 |  |  | 8,166 |
Total current provision |  | $ | 51,756 |  |  | $ | 77,654 |  |  | $ | 94,293 |
Deferred provision (benefit): |  |  |  |  |  |  |  |  |
Federal |  | $ | (37 | ) |  | $ | 22,074 |  |  | $ | (8,774 | )
State |  | (3,205 | ) |  | 308 |  |  | (101 | )
Foreign |  | (364 | ) |  | 422 |  |  | 49 |
Total deferred provision (benefit) |  | (3,606 | ) |  | 22,804 |  |  | (8,826 | )
Total provision for income taxes |  | $ | 48,150 |  |  | $ | 100,458 |  |  | $ | 85,467 |
Schedule of tax effects of temporary differences that give rise to the net deferred income tax assets | The tax effects of temporary differences that give rise to deferred income tax (liabilities) assets, net, are presented below (in thousands):
October 31 |  | 2019 |  | 2018
Deferred income tax assets: |  |  |  |  |  |
Compensation and benefits |  | $ | 27,969 |  |  | $ | 24,315 |
Warranty and insurance |  | 25,788 |  |  | 19,037 |
Advertising and sales allowance |  | 8,866 |  |  | 7,650 |
Inventory |  | 4,005 |  |  | 2,742 |
Other |  | 8,745 |  |  | 5,047 |
Valuation allowance |  | (3,199 | ) |  | (1,178 | )
Total deferred income tax assets |  | $ | 72,174 |  |  | $ | 57,613 |
Deferred income tax liabilities: |  |  |  |
Depreciation |  | $ | (40,964 | ) |  | $ | (12,381 | )
Amortization |  | (75,538 | ) |  | (8,377 | )
Total deferred income tax liabilities |  | (116,502 | ) |  | (20,758 | )
Deferred income tax (liabilities) assets, net |  | $ | (44,328 | ) |  | $ | 36,855 |
Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
Unrecognized tax benefits as of October 31, 2018 |  | $ | 2,345 |
Increase as a result of tax positions taken during a prior period |  | 149 |
Increase as a result of tax positions taken during the current period |  | 467 |
Decrease relating to settlements with taxing authorities |  | (215 | )
Reductions as a result of statute of limitations lapses |  | (73 | )
Unrecognized tax benefits as of October 31, 2019 |  | $ | 2,673 |

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