XML 33 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2009
Reconciliation of the statutory federal income tax rate to consolidated effective tax rate      
Statutory federal income tax rate (as a percent) 35.00% 35.00% 35.00%
Increase (reduction) in income taxes resulting from:      
Domestic manufacturer's deduction (as a percent) (1.80%) (1.10%) (0.80%)
State and local income taxes, net of federal income tax benefit (as a percent) 1.40% 1.40% 1.20%
Effect of foreign source income (as a percent) 0.20% 0.20% 0.10%
Domestic research tax credit (as a percent) (2.40%) (0.20%) (2.10%)
Other, net (as a percent) 0.30% (1.30%) 1.00%
Consolidated effective tax rate (as a percent) 32.70% 34.00% 34.40%
Current      
Federal $ 47,922 $ 34,582 $ 23,954
State 3,963 2,918 1,951
Non-U.S. 7,103 4,436 4,972
Current provision 58,988 41,936 30,877
Deferred      
Federal (31) 5,305 1,948
State (211) 198 (110)
Non-U.S. (1,578) 592 236
Deferred benefit (1,820) 6,095 2,074
Total provision for income taxes 57,168 48,031 32,951
Earnings before income taxes:      
U.S. 160,444 127,508 83,357
Non-U.S. 14,382 13,760 12,431
Earnings before income taxes 174,826 141,268 95,788
Adjustment to stockholders' equity for tax benefits related to employee stock-based award transactions 2,988 3,396 7,403
Deferred tax assets (liabilities):      
Allowance for doubtful accounts 1,156 1,865  
Inventory items 5,121 1,750  
Warranty reserves and other accruals 38,370 40,156  
Employee benefits 16,831 16,159  
Depreciation (3,909) (2,411)  
Other income (expense) 8,514 7,399  
Deferred tax assets 66,083 64,918  
Valuation allowance (4,928) (4,538)  
Net deferred tax assets 61,155 60,380  
Accumulated undistributed earnings attributable to foreign subsidiaries considered to be indefinitely invested 48,690    
Reconciliation of unrecognized tax benefits      
Balance at the beginning of the period 5,752    
Increase as a result of tax positions taken during a prior period 175    
Increase as a result of tax positions taken during the current period 846    
Decrease relating to settlements with taxing authorities (1,245)    
Reduction as a result of a lapse of the applicable statute of limitations (199)    
Balance at the end of the period 5,329 5,752  
Potential benefits that would affect the effective tax rate 3,774    
Accrued interest and penalties for unrecognized tax benefits 760    
Foreign Jurisdictions
     
Net Operating Loss      
Net operating loss carryforwards in foreign jurisdictions with unlimited expiration $ 13,822