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Equity Earnings (Losses) of Unconsolidated Affiliates, Net of Tax and Net Loss Attributable to Noncontrolling Interests
6 Months Ended
Apr. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Equity Earnings (Losses) of Unconsolidated Affiliates, Net of Tax and Net Loss Attributable to Noncontrolling Interests

NOTE 15 – EQUITY EARNINGS (LOSSES) OF UNCONSOLIDATED AFFILIATES, NET OF TAX AND NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS

Equity earnings (losses) of unconsolidated affiliates, net of tax

Equity earnings (losses) of unconsolidated affiliates, net of tax represent the Company’s share of earnings of affiliates in which the Company does not exercise control and has a 20 percent or more voting interest. Investments in such affiliates are accounted for using the equity method of accounting. If the fair value of an investment in an affiliate is below its carrying value and the difference is deemed to be other than temporary, the difference between the fair value and the carrying value is charged to earnings. The Company has an equity interest in two such affiliates as of April 30, 2015. The Company had an equity interest in three such affiliates as of April 30, 2014. Equity earnings (losses) of unconsolidated affiliates, net of tax for the three months ended April 30, 2015 and 2014 were ($0.3) million and $0.1 million, respectively. There were no dividends received from the Company’s equity method affiliates for the three months ended April 30, 2015 and 2014. Equity earnings of unconsolidated affiliates, net of tax for the six months ended April 30, 2015 and 2014 were ($0.3) million and $0.2 million, respectively. There were no dividends received from the Company’s equity method affiliates for the six months ended April 30, 2015, compared to $0.2 million for the six months ended April 30, 2014.

Net loss attributable to noncontrolling interests

Net loss attributable to noncontrolling interests represent the portion of losses from the operations of the Company’s consolidated subsidiaries attributable to unrelated third party equity owners that were added to net income to arrive at net income attributable to the Company. Net loss attributable to noncontrolling interests for the three months ended April 30, 2015 and 2014 was $0.3 million and $1.3 million, respectively. Net loss attributable to noncontrolling interests for the six months ended April 30, 2015 and 2014 was $2.2 million and $0.2 million, respectively.