XML 50 R35.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2016
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):
|  | 2016 |  | 2015 |  | 2014 |
Current: |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 17,244 |  | $ | 10,150 |  | $ | 7,379 |
State |  |  | 2,040 |  |  | 1,650 |  |  | 939 |
Foreign |  |  | 982 |  |  | 1,110 |  |  | 842 |
Total current |  |  | 20,266 |  |  | 12,910 |  |  | 9,160 |
Deferred: |  |  |  |  |  |  |  |  |  |
Federal |  |  | 1,863 |  |  | 3,314 |  |  | (10,392) |
State |  |  | 533 |  |  | 98 |  |  | (2,870) |
Foreign |  |  | (793) |  |  | (229) |  |  | 186 |
Total deferred |  |  | 1,603 |  |  | 3,183 |  |  | (13,076) |
Total income tax provision (benefit) |  | $ | 21,869 |  | $ | 16,093 |  | $ | (3,916) |
Significant Components of Deferred Taxes Assets (Liabilities) | Significant components of our deferred taxes assets (liabilities) as of October 31, are as follows (in thousands):
|  | 2016 |  | 2015 |
Property, plant, and equipment |  |  | (6,901) |  |  | (6,877) |
Intangible assets |  |  | 27,686 |  |  | 31,432 |
Unrealized gain, Limoneira investment |  |  | (4,048) |  |  | (1,553) |
Investment in FreshRealm |  |  | (6,902) |  |  | (7,024) |
Stock-based compensation |  |  | 952 |  |  | 556 |
State taxes |  |  | (931) |  |  | (1,358) |
Credits and incentives |  |  | 2,070 |  |  | 2,044 |
Allowance for accounts receivable |  |  | 875 |  |  | 662 |
Inventories |  |  | 395 |  |  | 495 |
Accrued liabilities |  |  | 1,912 |  |  | 885 |
Other |  |  | (164) |  |  | (219) |
Long-term deferred income taxes |  | $ | 14,944 |  | $ | 19,043 |
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:
|  | 2016 |  | 2015 |  | 2014 |
Federal statutory tax rate |  | 35.0 | % | 35.0 | % | 35.0 | %
State taxes, net of federal effects |  | 2.9 |  | 3.0 |  | 22.3 |
Foreign income taxes greater than U.S. |  | 0.7 |  | 0.7 |  | 5.8 |
Section 199 deduction |  | (1.7) |  | (0.8) |  | 15.8 |
Tax Credits |  | — |  | — |  | 15.2 |
Other |  | (0.6) |  | (0.7) |  | 0.7 |
|  | 36.3 | % | 37.2 | % | 94.8 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration