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Income Taxes (Tables) | 12 Months Ended
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Oct. 31, 2018
Income Tax Disclosure [Abstract] |
Income Before (Benefit) Provision for Income Taxes | Income before (benefit) provision for income taxes is taxed in the following jurisdictions:
|  | Fiscal Year Ended |
|  | October 31, 2018 |  |  | October 31, 2017 |  |  | October 29, 2016 |
Domestic |  | $ | 5.2 |  |  | $ | 54.7 |  |  | $ | 43.2 |
Foreign |  |  | (3.0 | ) |  |  | (4.6 | ) |  |  | — |
Income before (benefit) provision for income taxes |  | $ | 2.2 |  |  | $ | 50.1 |  |  | $ | 43.2 |
(Benefit) Provision for Income Taxes | (Benefit) provision for income taxes is summarized as follows:
|  | Fiscal Year Ended |
|  | October 31, 2018 |  |  | October 31, 2017 |  |  | October 29, 2016 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (6.8 | ) |  | $ | 12.1 |  |  | $ | 12.6 |
State |  |  | 0.1 |  |  |  | 3.7 |  |  |  | 4.1 |
Foreign |  |  | — |  |  |  | — |  |  |  | — |
Total Current |  | $ | (6.7 | ) |  | $ | 15.8 |  |  | $ | 16.7 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (6.4 | ) |  |  | 4.6 |  |  |  | (2.3 | )
State |  |  | 0.9 |  |  |  | (0.1 | ) |  |  | (1.4 | )
Foreign |  |  | 1.4 |  |  |  | (1.6 | ) |  |  | — |
Total Deferred |  |  | (4.1 | ) |  |  | 2.9 |  |  |  | (3.7 | )
(Benefit) provision for income taxes |  | $ | (10.8 | ) |  | $ | 18.7 |  |  | $ | 13.0 |
Reconciliation of Income Tax (Benefit)/Expense at Federal Statutory Rate to Company's (Benefit) Provision for Income Taxes | Income tax (benefit)/expense at the federal statutory rate is reconciled to the Company’s (benefit) provision for income taxes as follows:
|  | Fiscal Year Ended |
|  | October 31, 2018 |  |  | October 31, 2017 |  |  | October 29, 2016 |
Income tax expense at federal statutory rate |  | $ | 0.5 |  |  | $ | 17.5 |  |  | $ | 15.1 |
Taxes on foreign income which differ from the U.S. statutory rate |  |  | (0.3 | ) |  |  | 0.1 |  |  |  | — |
State expense |  |  | 0.5 |  |  |  | 2.3 |  |  |  | 1.6 |
Deferred tax adjustments |  |  | — |  |  |  | — |  |  |  | (1.5 | )
Manufacturing and research incentives |  |  | (2.7 | ) |  |  | (2.1 | ) |  |  | (3.0 | )
Nondeductible items |  |  | 0.7 |  |  |  | 0.9 |  |  |  | 1.0 |
Uncertain tax positions |  |  | (0.4 | ) |  |  | — |  |  |  | 0.5 |
Valuation allowance |  |  | 2.2 |  |  |  | — |  |  |  | — |
Remeasurement of deferred taxes - U.S. Tax Reform |  |  | (11.3 | ) |  |  | — |  |  |  | — |
Other items |  |  | — |  |  |  | — |  |  |  | (0.7 | )
(Benefit) provision for income taxes |  | $ | (10.8 | ) |  | $ | 18.7 |  |  | $ | 13.0 |
Temporary Differences and Carryforwards that Give Rise to Deferred Tax Assets and Liabilities | Temporary differences and carryforwards that give rise to deferred tax assets and liabilities include the following items:
|  | Fiscal Year Ended |
|  | October 31, 2018 |  |  | October 31, 2017 |
Deferred tax assets: |  |  |  |  |  |  |  |
Product warranty |  | $ | 7.9 |  |  | $ | 15.8 |
Inventory |  |  | 6.7 |  |  |  | 7.7 |
Deferred employee benefits |  |  | 1.7 |  |  |  | 13.8 |
Net operating loss and credit carryforwards |  |  | 13.6 |  |  |  | 6.2 |
Other reserves and allowances |  |  | 2.5 |  |  |  | 3.4 |
Gross deferred tax assets |  |  | 32.4 |  |  |  | 46.9 |
Less valuation allowance |  |  | (2.3 | ) |  |  | (0.1 | )
Deferred tax assets |  |  | 30.1 |  |  |  | 46.8 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | (28.4 | ) |  |  | (45.9 | )
Property, plant and equipment |  |  | (20.6 | ) |  |  | (20.6 | )
Other |  |  | (0.9 | ) |  |  | (1.3 | )
Deferred tax liabilities |  |  | (49.9 | ) |  |  | (67.8 | )
Net deferred tax liability |  | $ | (19.8 | ) |  | $ | (21.0 | )
The net deferred tax assets/ (liabilities) recorded in the consolidated balance sheet are as follows:
|  | Fiscal Year Ended |
|  | October 31, 2018 |  |  | October 31, 2017 |
Noncurrent deferred tax asset |  | $ | 0.1 |  |  | $ | 1.5 |
Noncurrent deferred tax liability |  |  | (19.9 | ) |  |  | (22.5 | )
Net deferred tax liability |  | $ | (19.8 | ) |  | $ | (21.0 | )
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits are as follows:
|  | Fiscal Year Ended |
|  | October 31, 2018 |  |  | October 31, 2017 |  |  | October 29, 2016 |
Balance at beginning of year |  | $ | 2.6 |  |  | $ | 2.7 |  |  | $ | 4.2 |
Additions (reductions) for tax positions in prior year |  |  | 0.3 |  |  |  | 0.1 |  |  |  | (1.5 | )
Additions for tax positions in current year |  |  | 0.3 |  |  |  | 0.1 |  |  |  | 0.2 |
Cash settlements with taxing authorities |  |  | (0.2 | ) |  |  | — |  |  |  | — |
Statute of limitations |  |  | (0.9 | ) |  |  | (0.3 | ) |  |  | (0.2 | )
Balance at end of year |  | $ | 2.1 |  |  | $ | 2.6 |  |  | $ | 2.7 |

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