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Income Taxes (Tables)

12 Months Ended

Oct. 31, 2015

Income Tax Disclosure [Abstract]

Summary of Income Tax Provision (Benefit)

The income tax provision (benefit) consists of the following for the years ended October 31, (in thousands):

		2015			2014			2013
Current:
Federal		$	10,150		$	7,379		$	5,587
State			1,650			939			1,261
Foreign			1,110			842			549
Total current			12,910			9,160			7,397
Deferred:
Federal			3,314			(10,392)			(9,536)
State			98			(2,870)			(2,548)
Foreign			(229)			186			(28)
Total deferred			3,183			(13,076)			(12,112)
Total income tax provision		$	16,093		$	(3,916)		$	(4,715)

Significant Components of Deferred Taxes Assets (Liabilities)

Significant components of our deferred taxes assets (liabilities) as of October 31, are as follows (in thousands):

		2015			2014
Allowances for accounts receivable		$	—		$	1,312
Inventories			—			478
State taxes			—			202
Credits and incentives			—			300
Accrued liabilities			—			1,002
Current deferred income taxes		$	—		$	3,294
Property, plant, and equipment			(6,877)			(6,373)
Intangible assets			31,432			34,697
Unrealized gain, Limoneira investment			(1,553)			(8,199)
Investment in FreshRealm			(7,024)			(7,594)
Stock-based compensation			556			355
State taxes			(1,358)			(1,690)
Credits and incentives			2,044			1,287
Allowance for accounts receivable			662
Inventories			495
Accrued liabilities			885
Other			(219)			(196)
Long-term deferred income taxes		$	19,043		$	12,287

Reconciliation of Significant Differences Between Federal Statutory Income Tax Rate and Effective Income Tax Rate

A reconciliation of the significant differences between the federal statutory income tax rate and the effective income tax rate on pretax income for the years ended October 31, is as follows:

		2015		2014		2013
Federal statutory tax rate		35.0	%	35.0	%	35.0	%
State taxes, net of federal effects		3.0		22.3		11.8
Foreign income taxes greater (less) than U.S.		0.7		5.8		6.1
Section 199 deduction		(0.8)		15.8		8.2
Tax Credits		—		15.2		(0.9)
Other		(0.7)		0.7		3.5
		37.2	%	94.8	%	63.7	%

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- References

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- Definition

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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