XML 43 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1

Income Taxes (Tables)

12 Months Ended

Oct. 31, 2018

Income Tax Disclosure [Abstract]

Summary of Income Tax Provision

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

		2018			2017			2016
Current:
Federal		$	7,115		$	14,875		$	17,244
State			1,582			2,561			2,040
Foreign			(844)			290			982
Total current			7,853			17,726			20,266
Deferred:
Federal			3,328			2,567			1,863
State			690			335			533
Foreign			848			(178)			(793)
Total deferred			4,866			2,724			1,603
Total income tax provision		$	12,719		$	20,450		$	21,869

Significant Components of Deferred Taxes Assets (Liabilities)

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

		2018			2017
Property, plant, and equipment			(7,715)			(7,861)
Intangible assets			13,886			24,647
Unrealized gain, Limoneira investment			(4,777)			(6,485)
Investment in FreshRealm			(1,283)			(6,808)
Stock-based compensation			899			1,154
State taxes			(690)			(805)
Credits and incentives			1,641			2,253
Allowance for accounts receivable			825			1,239
Inventories			353			322
Accrued liabilities			1,533			2,245
Other			(295)			(118)
Long-term deferred income taxes		$	4,377		$	9,783

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:

		2018		2017		2016
Federal statutory tax rate		23.3	%	35.0	%	35.0	%
State taxes, net of federal effects		3.6		2.9		2.9
Foreign income taxes greater than U.S.		0.7		0.1		0.7
Revaluation of deferred taxes		4.5		-		-
Section 199 deduction		(1.9)		(2.2)		(1.7)
Provision to return		(1.2)		-		-
Transition Tax		0.6		-		-
State rate change		0.2		0.3		-
Other		(1.4)		(0.7)		(0.6)
		28.4	%	35.4	%	36.3	%

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=84230637&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=84230637&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=84230637&loc=d3e32687-109319

+ Details

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