Income Taxes (Tables)

12 Months Ended

Oct. 31, 2012

Income Taxes Disclosure Table [Abstract]

Components of income tax benefit (expense)

(in thousands)		2012		2011		2010
Current:
Federal	$	134,027	$	88,051	$	124,526
State		19,836		13,925		18,241
Deferred:
Federal		(9,861)		48,091		(13,981)
State		(1,617)		6,777		(2,523)
Total	$	142,385	$	156,844	$	126,263

Components of deferred tax assets and liabilities

(in thousands)			2012		2011
Deferred tax assets:
	Stock-based compensation	$	73,467	$	67,190
	Deferred rent		4,807		4,874
	Compensation and benefit expense		3,800		3,077
	Federal benefit of unrecognized state tax benefits		3,545		3,554
	Unrealized losses on derivative instruments		772		929
	Differences between book and tax bases of investments		-		5,763
	Other		192		403
Total deferred tax asset		$	86,583	$	85,790
Deferred tax liabilities:
	Deferred sales commissions	$	(7,376)	$	(10,624)
	Compensation and benefit expense		(5,560)		(10,909)
	Differences between book and tax bases of goodwill
	and intangibles		(15,818)		(16,075)
	Unrealized net holding gains on investments		(3,303)		(1,873)
	Differences between book and tax bases of property		(3,268)		(4,966)
	Differences between book and tax bases of investments		(24)		-
Total deferred tax liability		$	(35,349)	$	(44,447)
Net deferred tax asset		$	51,234	$	41,343

Reconciliation of the difference between the federal statutory income tax rate and the effective income tax rate

	2012		2011		2010
Federal statutory rate	35.0	%	35.0	%	35.0	%
State and local income tax, net of
federal income tax benefit	3.0		3.6		3.4
Non-controlling interest	(3.6)		1.6		(0.9)
Stock-based compensation	0.5		0.6		0.9
Release of liabilities associated with
uncertain tax positions	-		-		(0.1)
Other	0.4		0.3		0.3
Effective income tax rate	35.3	%	41.1	%	38.6	%

Reconciliation of gross unrecognized tax benefits

(in thousands)			2012		2011		2010
Beginning Balance		$	9,474	$	9,474	$	9,975
	Additions for tax provisions of prior years		31		-		245
	Reductions for tax provisions of prior years		-		-		(771)
	Additions based on tax provisions related to current year		33		-		30
	Reductions for settlements with taxing authorities		-		-		(5)
Ending Balance		$	9,538	$	9,474	$	9,474