INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2016

INCOME TAXES

Schedule of earnings before income taxes

Fiscal years ended October 31		2016		2015		2014
Earnings before income taxes:
U.S.	$	292,184	$	254,276	$	239,501
Non-U.S.		38,276		36,755		16,944
Total	$	330,460	$	291,031	$	256,445

Schedule of reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate

Fiscal years ended October 31	2016	2015	2014
Statutory federal income tax rate	35.0%	35.0%	35.0%
Domestic manufacturer's deduction	(0.8)	(1.7)	(1.9)
State and local income taxes, net of federal benefit	1.5	2.2	1.5
Non-U.S. taxes	(1.8)	(3.1)	(1.2)
Federal research tax credit	(1.5)	(0.9)	(0.2)
Other, net	(2.3)	(0.8)	(1.0)
Consolidated effective tax rate	30.1%	30.7%	32.2%

Schedule of components of the provision for income taxes

Fiscal years ended October 31		2016		2015		2014
Provision for income taxes:
Current:
Federal	$	77,685	$	75,496	$	75,815
State		6,929		9,389		5,997
Non-U.S.		6,295		6,219		3,672
Current provision	$	90,909	$	91,104	$	85,484
Deferred:
Federal	$	7,283	$	430	$	(3,047)
State		297		—		(81)
Non-U.S.		977		(2,094)		219
Deferred benefit		8,557		(1,664)		(2,909)
Total provision for income taxes	$	99,466	$	89,440	$	82,575

Schedule of tax effects of temporary differences that give rise to the net deferred income tax assets

October 31		2016		2015
Deferred tax assets (liabilities):
Compensation and benefits	$	37,200	$	41,341
Warranty and insurance		17,443		12,067
Advertising and sales allowance		11,185		10,474
Depreciation		(13,578)		(7,689)
Other		6,845		12,264
Deferred tax assets	$	59,095	$	68,457
Valuation allowance		(1,867)		(1,801)
Net deferred tax assets	$	57,228	$	66,656

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits

Balance as of October 31, 2015	$	6,343
Increase as a result of tax positions taken during a prior period		683
Increase as a result of tax positions taken during the current period		453
Decrease relating to settlements with taxing authorities		(1,666)
Reductions as a result of statute of limitations lapses		(638)
Balance as of October 31, 2016	$	5,175