INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2016

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,
	2016		2015		2014
Domestic		$227,927		$206,612		$185,842
Foreign	29,123		18,352		12,730
Income before taxes and noncontrolling interests		$257,050		$224,964		$198,572

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,
	2016			2015			2014
Current:
Federal		$75,261			$65,857			$63,264
State	7,463			8,559			10,145
Foreign	7,370			4,064			3,136
	90,094			78,480			76,545
Deferred:
Federal	(5,979		)	(4,459		)	(14,000		)
State	(2,587		)	(1,907		)	(2,871		)
Foreign	(628		)	(714		)	126
	(9,194		)	(7,080		)	(16,745		)
Total income tax expense		$80,900			$71,400			$59,800

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,
	2016		2015		2014
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal income tax benefit	1.7	%	2.4	%	2.9	%
Research and development tax credits	(2.7	%)	(1.9	%)	(1.2	%)
Domestic production activities tax deduction	(1.3	%)	(1.2	%)	(1.6	%)
Foreign tax differential, where permanently reinvested outside of the U.S.	(.8	%)	(.8	%)	—	%
Noncontrolling interests’ share of income	(.7	%)	(1.3	%)	(1.0	%)
Nontaxable reduction in accrued contingent consideration	—	%	(.2	%)	(3.4	%)
Tax-exempt (gains) losses on corporate-owned life insurance policies	(.1	%)	.1	%	(.6	%)
Other, net	.4	%	(.4	%)	—	%
Effective tax rate	31.5	%	31.7	%	30.1	%

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,
	2016			2015
Deferred tax assets:
Deferred compensation liability		$36,134			$31,520
Inventories	27,969			24,912
Share-based compensation	11,338			9,333
Bonus accrual	4,744			3,791
Vacation accrual	2,127			1,836
R&D related carryforward	2,057			1,826
Customer rebates accrual	1,917			1,236
Deferred revenue	1,365			2,005
Other	8,489			7,450
Total deferred tax assets	96,140			83,909

Deferred tax liabilities:
Goodwill and other intangible assets	(150,185		)	(148,448		)
Property, plant and equipment	(8,291		)	(7,667		)
Other	(2,156		)	(2,005		)
Total deferred tax liabilities	(160,632		)	(158,120		)
Net deferred tax liability		($64,492	)		($74,211	)

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



	As of October 31,
	2016			2015
Current asset		$41,063			$35,530
Long-term asset	407			847
Long-term liability	(105,962		)	(110,588		)
Net deferred tax liability		($64,492	)		($74,211	)

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the activity related to the liability for gross unrecognized tax benefits during fiscal 2016 and 2015 is as follows (in thousands):



	Year ended October 31,
	2016			2015
Balances as of beginning of year		$787			$879
Increases related to current year tax positions	524			279
Increases related to prior year tax positions	521			30
Decreases related to prior year tax positions	(14		)	(80		)
Settlements	—			(118		)
Lapse of statutes of limitations	(216		)	(203		)
Balances as of end of year		$1,602			$787