INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of income before income taxes and noncontrolling interests are as follows (in thousands):

	Year ended October 31,
	2015		2014		2013
Domestic		$206,612		$185,842		$168,643
Foreign	18,352		12,730		12,118
Income before taxes and noncontrolling interests		$224,964		$198,572		$180,761

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the provision for income taxes on income before income taxes and noncontrolling interests are as follows (in thousands):

	Year ended October 31,
	2015			2014			2013
Current:
Federal		$65,857			$63,264			$49,275
State	8,559			10,145			9,060
Foreign	4,064			3,136			3,650
	78,480			76,545			61,985
Deferred:
Federal	(4,459		)	(14,000		)	(4,786		)
State	(1,907		)	(2,871		)	(467		)
Foreign	(714		)	126			(532		)
	(7,080		)	(16,745		)	(5,785		)
Total income tax expense		$71,400			$59,800			$56,200

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the federal statutory income tax rate to the Company’s effective tax rate is as follows:

	Year ended October 31,
	2015		2014		2013
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal income tax benefit	2.4		2.9		3.1
Research and development tax credits	(1.9	)	(1.2	)	(2.6	)
Noncontrolling interests’ share of income	(1.3	)	(1.0	)	(1.3	)
Domestic production activities tax deduction	(1.2	)	(1.6	)	(1.2	)
Foreign taxes, where permanently reinvested outside of the U.S.	(.8	)	—		—
Nontaxable reduction in accrued contingent consideration	(.2	)	(3.4	)	—
Tax-exempt losses (gains) on corporate owned life insurance policies	.1		(.6	)	(1.4	)
Other, net	(.4	)	—		(.5	)
Effective tax rate	31.7	%	30.1	%	31.1	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

	As of October 31,
	2015			2014
Deferred tax assets:
Deferred compensation liability		$31,520			$27,568
Inventories	24,912			23,099
Share-based compensation	9,333			7,427
Bonus accrual	3,791			4,031
Deferred revenue	2,005			2,660
Vacation accrual	1,836			1,724
R&D related carryforward	1,826			2,068
Customer rebates accrual	1,236			1,635
Other	7,450			8,258
Total deferred tax assets	83,909			78,470
Deferred tax liabilities:
Goodwill and other intangible assets	(148,448		)	(144,381		)
Property, plant and equipment	(7,667		)	(9,090		)
Other	(2,005		)	(880		)
Total deferred tax liabilities	(158,120		)	(154,351		)
Net deferred tax liability		($74,211	)		($75,881	)

The net deferred tax liability is classified in the Company’s Consolidated Balance Sheets as follows (in thousands):

	As of October 31,
	2015			2014
Current asset		$35,530			$34,485
Long-term asset	847			1,063
Long-term liability	(110,588		)	(111,429		)
Net deferred tax liability		($74,211	)		($75,881	)

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the activity related to the liability for gross unrecognized tax benefits during the fiscal years ended October 31, 2015 and 2014 is as follows (in thousands):

	Year ended October 31,
	2015			2014
Balances as of beginning of year		$879			$1,072
Increases related to current year tax positions	279			138
Increases related to prior year tax positions	30			10
Decreases related to prior year tax positions	(80		)	—
Settlements	(118		)	(22		)
Lapse of statutes of limitations	(203		)	(319		)
Balances as of end of year		$787			$879