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INCOME TAXES (Tables) | 12 Months Ended
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Oct. 31, 2020
INCOME TAXES |
Components of Income (Loss) Before Taxes | The components of income (loss) before taxes are (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended October 31,
​ |  | 2020 |  | 2019 |  | 2018
Income (loss) before income taxes: |  | ​ |  |  | ​ |  |  | ​ |
Domestic | ​ | $ | (11,681) |  | $ | 9,793 |  | $ | 14,101
Foreign | ​ |  | 878 |  |  | 13,531 |  |  | 18,395
​ | ​ | $ | (10,803) |  | $ | 23,324 |  | $ | 32,496
Schedule of Income Taxes Provision (Benefit) | The components of income tax provision (benefit) are (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended October 31,
​ |  | 2020 |  | 2019 |  | 2018
Current: |  | ​ |  |  | ​ | ​ |  | ​ |
U.S. taxes | ​ | $ | (4,932) |  | $ | 1,854 | ​ | $ | 6,333
Foreign taxes | ​ |  | 923 | ​ |  | 3,715 | ​ |  | 5,203
​ | ​ |  | (4,009) | ​ |  | 5,569 | ​ |  | 11,536
Deferred: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
U.S. taxes | ​ |  | (256) | ​ |  | (31) | ​ |  | (326)
Foreign taxes | ​ |  | (291) | ​ |  | 291 | ​ |  | (204)
​ | ​ |  | (547) | ​ |  | 260 | ​ |  | (530)
​ | ​ | $ | (4,556) |  | $ | 5,829 | ​ | $ | 11,006
Schedule of Reconciliation of Statutory Tax Rate to Effective Tax Rate | A comparison of income tax expense at the U.S. statutory rate to the Company’s effective tax rate is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended October 31, |
​ |  | 2020 |  | 2019 |  | 2018 |
​ | ​ |  | ​ | ​ |  | ​ | ​ |  |  |
U.S. statutory rate | ​ |  | 21 | % |  | 21 | % |  | 23 | %
Effect of tax rate of international jurisdictions different than U.S. statutory rates | ​ |  | 3 | % |  | 4 | % |  | 2 | %
Valuation allowance | ​ |  | 0 | % |  | 1 | % |  | 0 | %
State taxes | ​ |  | 2 | % |  | 1 | % |  | 0 | %
Tax credits | ​ |  | 1 | % |  | (2) | % |  | (1) | %
Effect of tax rate changes | ​ |  | 0 | % |  | 0 | % |  | 4 | %
Transition tax | ​ |  | 0 | % |  | (1) | % |  | 7 | %
US tax on distributed and undistributed earnings | ​ | ​ | 0 | % | ​ | 3 | % | ​ | 0 | %
US benefit of foreign intangible income | ​ | ​ | 0 | % | ​ | (3) | % | ​ | 0 | %
Impact of CARES act | ​ | ​ | 16 | % | ​ | 0 | % | ​ | 0 | %
Other | ​ |  | (1) | % |  | 1 | % |  | (1) | %
Effective tax rate | ​ |  | 42 | % |  | 25 | % |  | 34 | %
Schedule of Deferred Tax Assets and Liabilities | Significant components of our deferred tax assets and liabilities at October 31, 2020 and 2019 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 31,
​ |  | 2020 |  | 2019
Deferred Tax Assets: |  | ​ |  |  | ​ |
Accrued inventory reserves | ​ | $ | 1,241 |  | $ | 1,224
Accrued warranty expenses | ​ |  | 248 | ​ |  | 363
Compensation related expenses | ​ |  | 1,849 | ​ |  | 2,723
Unrealized exchange gain/loss | ​ |  | 14 | ​ |  | 143
Other accrued expenses | ​ |  | 226 | ​ |  | 170
Net operating loss carryforwards | ​ |  | 1,957 | ​ |  | 1,380
Other credit carryforwards | ​ |  | 887 | ​ |  | 766
Operating lease liabilities | ​ | ​ | 2,736 | ​ | ​ | —
Goodwill and intangibles | ​ | ​ | 1,019 | ​ | ​ | 99
Other | ​ |  | 183 | ​ |  | 194
​ | ​ |  | 10,360 | ​ |  | 7,062
Less: Valuation allowance – net operating loss and other credit carryforwards | ​ |  | (2,164) | ​ |  | (2,227)
Deferred tax assets | ​ |  | 8,196 | ​ |  | 4,835
​ | ​ |  | ​ | ​ |  | ​
Deferred Tax Liabilities: | ​ |  | ​ | ​ |  | ​
Net derivative instruments | ​ |  | (305) | ​ |  | (313)
Property and equipment and capitalized software development costs | ​ |  | (2,563) | ​ |  | (2,632)
Operating lease - right of use assets | ​ | ​ | (2,666) | ​ | ​ | —
Other | ​ |  | (314) | ​ |  | (204)
Net deferred tax assets | ​ | $ | 2,348 |  | $ | 1,686
Schedule of Income Tax Expense | 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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
Balance, beginning of year | ​ | $ | 193 |  | $ | 180 | ​ | $ | 1,101
Additions based on tax positions related to the current year | ​ |  | 9 | ​ |  | 36 | ​ |  | 37
Additions (reductions) related to prior year tax positions | ​ |  | (2) | ​ |  | — | ​ |  | (945)
Reductions due to statute expiration | ​ |  | (32) | ​ |  | (23) | ​ |  | (18)
Other | ​ |  | — | ​ |  | — | ​ |  | 5
Balance, end of year | ​ | $ | 168 |  | $ | 193 | ​ | $ | 180
Summary of open tax years by major jurisdiction | ​
​ | ​ | ​
United States federal |  | Fiscal 2017 through the current period
Germany¹ |  | Fiscal 2018 through the current period
Taiwan |  | Fiscal 2018 through the current period
¹ | Includes federal as well as state, provincial or similar local jurisdictions, as applicable.

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- Definition Tabular disclosure for 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 and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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