XML 45 R31.htm IDEA: XBRL DOCUMENT v3.3.1.900

INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income Taxes Provision (Benefit)

In the fiscal years set forth below, the provision (benefit) for income taxes consisted of the following (in thousands):

		Year Ended October 31,
		2015			2014			2013
Current:
U.S. taxes		$	4,600		$	3,498		$	737
Foreign taxes			3,752			3,594			2,606
			8,352			7,092			3,343
Deferred:
U.S. taxes			(896)			(709)			855
Foreign taxes			(117)			(165)			54
			(1,013)			(874)			909
		$	7,339		$	6,218		$	4,252

Schedule of Reconciliation of Statutory Tax Rate to Effective Tax Rate

A comparison of income tax expense at the U.S. statutory rate of 35% to the Company’s effective tax rate is as follows:

		Year Ended October 31,
		2015				2014				2013
Income (Loss) before income taxes (in thousands):
Domestic		$	10,806			$	9,190			$	4,524
Foreign			12,747				12,171				7,918
Earnings (Loss) before taxes on income		$	23,553			$	21,361			$	12,442
Tax rates:
U.S. statutory rate			35	%			35	%			35	%
Effect of tax rate of international jurisdictions different than U.S. statutory rates			(8)	%			(6)	%			(6)	%
Valuation allowance			1	%			0	%			5	%
State taxes			1	%			0	%			1	%
Tax Credits			(1)	%			(1)	%			(3)	%
Other			3	%			1	%			2	%
Effective tax rate			31	%			29	%			34	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities at October 31, 2015 and 2014 were as follows (in thousands):

		October 31,
		2015			2014
Deferred Tax Assets:
Accrued inventory reserves			1,304			1,015
Accrued warranty expenses			441			397
Compensation related expenses			1,891			1,613
Unrealized exchange gain/loss			186			435
Other accrued expenses			237			167
Net operating loss and credit carryforwards			1,562			1,417
Other			170			118
			5,791			5,162
Less: Valuation allowance on net operating loss and credit carryforwards			(1,485)			(1,225)
Deferred tax assets			4,306			3,937
Deferred Tax Liabilities:
Net derivative instruments			(811)			(537)
Property and equipment and capitalized software development costs			(2,369)			(1,950)
Other			(403)			(381)
Net deferred tax assets		$	723		$	1,069

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding the related accrual for interest or penalties, is as follows (in thousands):

		2015			2014			2013
Balance, beginning of year		$	1,196		$	1,284		$	118
Additions based on tax positions related to the current year			17			5			1,217
Additions (reductions) related to prior year tax positions			(51)			(4)			23
Reductions due to statute expiration			—			—			(74)
Other			(128)			(89)			—
Balance, end of year		$	1,034		$	1,196		$	1,284

Summary of open tax years by major jurisdiction

A summary of open tax years by major jurisdiction is presented below:

United States federal		Fiscal 2012 through the current period
Indiana		Fiscal 2011 through the current period
California		Fiscal 2011 through the current period
Germany¹		Fiscal 2013 through the current period
Taiwan		Fiscal 2012 through the current period

¹ Includes federal as well as state, provincial or similar local jurisdictions, as applicable.

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

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits, excluding amounts pertaining to examined tax returns.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319

+ Details

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

X

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

+ Details

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