INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2019

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,
	2019		2018		2017
Domestic		$386,584		$309,123		$264,420
Foreign	51,257		47,163		33,540
Income before taxes and noncontrolling interests		$437,841		$356,286		$297,960

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,
	2019			2018			2017
Current:
Federal		$56,670			$61,548			$85,047
State	12,795			9,420			6,820
Foreign	15,027			12,608			9,529
	84,492			83,576			101,396
Deferred:
Federal	(3,140		)	(13,115		)	(9,661		)
State	(1,263		)	1,578			(499		)
Foreign	(1,989		)	(1,439		)	(936		)
	(6,392		)	(12,976		)	(11,096		)
Total income tax expense		$78,100			$70,600			$90,300

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,
	2019		2018		2017
Federal statutory income tax rate (blended rate in fiscal 2018)	21.0	%	23.3	%	35.0	%
State taxes, net of federal income tax benefit	3.0	%	2.9	%	1.9	%
Tax benefit related to stock option exercises	(3.8	%)	(.5	%)	(1.0	%)
Discrete net tax benefit related to Tax Act	—	%	(3.4	%)	—	%
Research and development tax credits	(1.7	%)	(2.0	%)	(1.8	%)
Foreign derived intangible income deduction	(1.4	%)	—	%	—	%
Tax-exempt (gains) losses on corporate-owned life insurance policies	(.6	%)	.1	%	(1.8	%)
Nondeductible compensation	.8	%	.2	%	—	%
Domestic production activities tax deduction	—	%	(.8	%)	(1.1	%)
Other, net	.5	%	—	%	(.9	%)
Effective tax rate	17.8	%	19.8	%	30.3	%

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,
	2019			2018
Deferred tax assets:
Deferred compensation liability		$35,437			$31,152
Inventories	23,858			22,204
Share-based compensation	10,206			9,811
Bonus accrual	6,463			4,474
Customer rebates accrual	2,324			1,526
Vacation accrual	1,452			1,456
Other	8,806			7,152
Total deferred tax assets	88,546			77,775
Deferred tax liabilities:
Goodwill and other intangible assets	(122,075		)	(112,533		)
Property, plant and equipment	(14,137		)	(11,615		)
Adoption of ASC 606	(3,277		)	—
Other	(553		)	(271		)
Total deferred tax liabilities	(140,042		)	(124,419		)
Net deferred tax liability		($51,496	)		($46,644	)

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the activity related to the liability for gross unrecognized tax benefits during fiscal 2019 and 2018 is as follows (in thousands):

	Year ended October 31,
	2019			2018
Balances as of beginning of year		$2,100			$2,040
Increases related to current year tax positions	653			591
Increases related to prior year tax positions	45			20
Settlements	—			(394		)
Lapses of statutes of limitations	(128		)	(157		)
Balances as of end of year		$2,670			$2,100