INCOME TAXES

9 Months Ended

Jul. 31, 2012

INCOME TAXES

INCOME TAXES

(7)           The Company’s unrecognized tax benefits at July 31, 2012 were $28.3 million, compared to $30.0 million at October 31, 2011. The liability at July 31, 2012 consisted of approximately $14.6 million, which would affect the effective tax rate if it was recognized. The remaining liability was related to tax positions for which there are offsetting tax receivables, or the uncertainty was only related to timing. The changes in the unrecognized tax benefits for the first nine months of 2012 were not significant. The Company expects that any reasonably possible change in the amounts of unrecognized tax benefits in the next 12 months would not be significant.