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Note 11 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Payable Receivable [Table Text Block]

		Year Ended October 31,
(In thousands)		2015			2014
State income taxes:
Current		$2,151			$3,197
Deferred		(11,148	)		(14,918	)
Federal income taxes:
Current		-			-
Deferred		(281,282	)		(272,822	)
Total		$(290,279	)		$(284,543	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended October 31,
(In thousands)		2015			2014			2013
Current income tax (benefit) expense:
Federal (1)		$(1,497	)		$(1,690	)		$(9,878	)
State (2)		523			2,466			518
Total current income tax (benefit) expense:		(974	)		776			(9,360	)
Federal		(8,461	)		(272,822	)		-
State		3,770			(14,918	)		-
Total deferred income tax (benefit):		(4,691	)		(287,740	)		-
Total		$(5,665	)		$(286,964	)		$(9,360	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		Year Ended October 31,
(In thousands)		2015			2014
Deferred tax assets:
Depreciation		$2,176			$2,407
Inventory impairment loss		210,716			219,487
Uniform capitalization of overhead		11,203			9,005
Warranty and legal reserves		13,319			14,342
Deferred income		682			547
Acquisition intangibles		13,374			18,014
Restricted stock bonus		8,191			7,121
Rent on abandoned space		1,888			2,830
Stock options		7,474			8,481
Provision for losses		36,350			43,585
Joint venture loss		2,891			5,633
Federal net operating losses		524,125			524,879
State net operating losses		169,046			176,225
Other		17,752			19,516
Total deferred tax assets		1,019,187			1,052,072
Deferred tax liabilities:
Acquisition intangibles		-			395
Debt repurchase income		91,452			121,934
Total deferred tax liabilities		91,452			122,329
Valuation allowance		(635,305	)		(642,003	)
Net deferred income taxes		$292,430			$287,740

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended October 31,
		2015			2014			2013
Computed “expected” tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal income tax benefit		(15.6	)		(3.5	)		14.0
Permanent differences, net		(0.4	)		0.8			11.3
Deferred tax asset valuation allowance impact		-			(1,393.3	)		(66.2	)
Tax contingencies		3.2			(0.6	)		(36.8	)
Adjustments to prior years’ tax accruals		3.8			(60.4	)		-
Effective tax rate		26.0	%		(1,422.0	)%		(42.7	)%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		2015			2014
Unrecognized tax benefit—November 1,		$1.7			$1.8
Gross increases—tax positions in current period		0.2			0.2
Decrease related to tax positions taken during a prior period		-			-
Lapse of statute of limitations		(0.8	)		(0.3	)
Unrecognized tax benefit—October 31,		$1.1			$1.7

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- Definition

Tabular disclosure of income taxes payable.

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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

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-Publisher FASB
-Name Accounting Standards Codification
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