INCOME TAXES	9 Months Ended
Jul. 31, 2014
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 12 — INCOME TAXES Income tax expense was $28.2 million for the third quarter of 2014 compared with $25.9 million for the third quarter of 2013. The Company’s effective tax rate was 75.2 percent for the third quarter of 2014 versus 35.2 percent for the third quarter of 2013. The higher third quarter 2014 effective tax rate reflects the impact of the following: a shift in global earnings mix to countries with higher tax rates; the tax effect of non-cash losses from the sale of a business; the forecasted tax effect of a planned sale of an asset group within the Flexible Products & Services reporting unit classified as assets held for sale; and the impact of a $3.5 million discrete tax expense. The discrete tax expense is a net amount mainly consisting of a $7.0 million expense related to the increase in valuation allowances for international subsidiaries and a benefit of $3.0 million related to the return to provision adjustments for international subsidiaries. The Company has estimated the reasonably possible net change in its unrecognized tax benefits through July 31, 2015 under ASC 740, “Income Taxes”. The Company’s estimate is based on expected settlements, payments of uncertain tax positions and lapses of applicable statutes of limitations. The estimated net decrease in unrecognized tax benefits for the next 12 months ranges from $0 to $18 million. Actual results may differ materially from this estimate.

INCOME TAXES

9 Months Ended

Jul. 31, 2014

NOTE 12 — INCOME TAXES

Income tax expense was $28.2 million for the third quarter of 2014 compared with $25.9 million for the third quarter of 2013. The Company’s effective tax rate was 75.2 percent for the third quarter of 2014 versus 35.2 percent for the third quarter of 2013. The higher third quarter 2014 effective tax rate reflects the impact of the following: a shift in global earnings mix to countries with higher tax rates; the tax effect of non-cash losses from the sale of a business; the forecasted tax effect of a planned sale of an asset group within the Flexible Products & Services reporting unit classified as assets held for sale; and the impact of a $3.5 million discrete tax expense. The discrete tax expense is a net amount mainly consisting of a $7.0 million expense related to the increase in valuation allowances for international subsidiaries and a benefit of $3.0 million related to the return to provision adjustments for international subsidiaries.

The Company has estimated the reasonably possible net change in its unrecognized tax benefits through July 31, 2015 under ASC 740, “Income Taxes”. The Company’s estimate is based on expected settlements, payments of uncertain tax positions and lapses of applicable statutes of limitations. The estimated net decrease in unrecognized tax benefits for the next 12 months ranges from $0 to $18 million. Actual results may differ materially from this estimate.