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INCOME TAXES
3 Months Ended
Jan. 31, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESIncome tax expense for the quarter and year to date was computed in accordance with ASC 740-270 "Income Taxes - Interim Reporting." Under this method, losses from jurisdictions for which a valuation allowance has been provided have not been included in the amount to which the ASC 740-270 rate was applied. Income tax expense of the Company may fluctuate due to changes in estimated losses and income from jurisdictions for which a valuation allowance has been provided, the timing of recognition of the related tax expense under ASC 740-270, and the impact of discrete items in the respective quarter.For the three months ended January 31, 2022 and January 31, 2021, income tax expense was $35.6 million and $6.1 million, respectively. The increase in income tax expense for the three months ended January 31, 2022 was primarily attributable to an increase in pretax book income and an increase of unfavorable discrete items of $8.9 million. The increase in discrete items is primarily due to adjustments of certain assumptions regarding 2021 tax-only capital losses previously applied to timberland sales in 2021 and tax basis in certain tangible property, net of reductions in previously unrecognized tax benefits due to expiration of statutes of limitation and audit settlements. Additionally, a $62.4 million book impairment loss was recorded in the quarter relating to the FPS Divestiture on which there is expected to be no tax benefit.