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Employee Retirement and Deferred Compensation Plans
 12 Months Ended
Oct. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure
Employee Retirement and Deferred Compensation Plans
Salary Deferral Savings Plans
The Company maintains salary deferral savings plans covering substantially all employees. During the first quarter of fiscal 2009, due to the continued downturn in the Company’s business, the Company suspended its matching contributions and discretionary contributions to one of the plans. In fiscal 2011, the Company elected to make a discretionary contribution of 1% of eligible compensation for the plan year ended December 31, 2010. The Company made a 1% discretionary contribution for the plan year ended December 31, 2011, made a contribution of 2% of eligible compensation for the plan year ended December 31, 2012, and intends to make a 2% contribution for the plan year ending December 31, 2013. Beginning in the third quarter of fiscal 2011, the Company resumed a matching contribution of up to 1% of eligible compensation for employees electing to contribute via salary deferrals and increased the matching contribution to 2% in January 2012. The Company recognized an expense, net of plan forfeitures, with respect to the plans of $6.4 million, $5.0 million and $2.7 million for the fiscal years ended October 31, 2013, 2012 and 2011, respectively.

Deferred Compensation Plan
The Company has an unfunded, non-qualified deferred compensation plan that permits eligible employees to defer a portion of their compensation. The deferred compensation, together with certain Company contributions, earns various rates of return depending upon when the compensation was deferred and the length of time that it has been deferred. A portion of the deferred compensation and interest earned may be forfeited by a participant if he or she elects to withdraw the compensation prior to the end of the deferral period. At October 31, 2013 and 2012, the Company had accrued $20.4 million and $20.7 million, respectively, for its obligations under the plan.
Defined Benefit Retirement Plans
The Company has two unfunded defined benefit retirement plans. Retirement benefits generally vest when the participant has completed 15 or 20 years of service with the Company and reaches normal retirement age (age 62). Unrecognized prior service costs are being amortized over the period from the date participants enter the plans until their interests are fully vested. The Company used a 4.01%, 3.07% and 4.06% discount rate in its calculation of the present value of its projected benefit obligations at October 31, 2013, 2012 and 2011, respectively. The rates represent the approximate long-term investment rate at October 31 of the fiscal year for which the present value was calculated. Information related to the plans is based on actuarial information calculated as of October 31, 2013, 2012 and 2011.

Information related to the Company’s retirement plans for each of the fiscal years ended October 31, 2013, 2012 and 2011 is as follows (amounts in thousands):
 
2013
 
2012
 
2011
Plan costs:
 
 
 
 
 
Service cost
$
471

 
$
389

 
$
305

Interest cost
1,044

 
1,212

 
1,290

Amortization of prior service cost
843

 
737

 
694

Amortization of unrecognized losses
144

 
66

 


 
$
2,502

 
$
2,404

 
$
2,289

Projected benefit obligation:
 
 
 
 
 
Beginning of year
$
34,319

 
$
29,766

 
$
26,037

Plan amendments adopted during year
826

 
575

 

Service cost
471

 
389

 
305

Interest cost
1,044

 
1,212

 
1,290

Benefit payments
(888
)
 
(731
)
 
(504
)
Change in unrecognized loss (gain)
(3,636
)
 
3,108

 
2,638

Projected benefit obligation, end of year
$
32,136

 
$
34,319

 
$
29,766

Unamortized prior service cost:
 
 
 
 
 
Beginning of year
$
3,171

 
$
3,333

 
$
4,027

Plan amendments adopted during year
826

 
575

 

Amortization of prior service cost
(843
)
 
(737
)
 
(694
)
Unamortized prior service cost, end of year
$
3,154

 
$
3,171

 
$
3,333

Accumulated unrecognized (loss) gain, October 31
$
(527
)
 
$
(4,307
)
 
$
(1,265
)
Accumulated benefit obligation, October 31
$
32,136

 
$
34,319

 
$
29,766

Accrued benefit obligation, October 31
$
32,136

 
$
34,319

 
$
29,766


The table below provides, based upon the estimated retirement dates of the participants in the retirement plans, the amounts of benefits the Company would be required to pay in each of the next five fiscal years and for the five fiscal years ended October 31, 2023 in the aggregate (in thousands).
Year ending October 31,
Amount
2014
$
888

2015
$
1,645

2016
$
1,770

2017
$
2,008

2018
$
2,104

November 1, 2018 - October 31, 2023
$
12,968