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Employee Retirement and Deferred Compensation Plans
 12 Months Ended
Oct. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure
Employee Retirement and Deferred Compensation Plans
Salary Deferral Savings Plans
We maintain salary deferral savings plans covering substantially all employees. We recognized an expense, net of plan forfeitures, with respect to the plans of $7.8 million, $6.4 million and $5.0 million for the fiscal years ended October 31, 2014, 2013, and 2012, respectively.
Deferred Compensation Plan
We have an unfunded, nonqualified deferred compensation plan that permits eligible employees to defer a portion of their compensation. The deferred compensation, together with certain of our 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. We accrued $20.4 million at October 31, 2014 and 2013 for our obligations under the plan.
Defined Benefit Retirement Plans
We have two unfunded defined benefit retirement plans. Retirement benefits generally vest when the participant has completed 15 or 20 of service with us 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. We used a 3.55%, 4.01%, and 3.07% discount rate in our calculation of the present value of our projected benefit obligations at October 31, 2014, 2013, and 2012, 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, 2014, 2013 and 2012.
Information related to our retirement plans for each of the fiscal years ended October 31, 2014, 2013, and 2012, is as follows (amounts in thousands):
 
2014
 
2013
 
2012
Plan costs:
 
 
 
 
 
Service cost
$
470

 
$
471

 
$
389

Interest cost
1,277

 
1,044

 
1,212

Amortization of prior service cost
662

 
843

 
737

Amortization of unrecognized losses
8

 
144

 
66

 
$
2,417

 
$
2,502

 
$
2,404

Projected benefit obligation:
 
 
 
 
 
Beginning of year
$
32,136

 
$
34,319

 
$
29,766

Plan amendments adopted during year
511

 
826

 
575

Service cost
470

 
471

 
389

Interest cost
1,277

 
1,044

 
1,212

Benefit payments
(971
)
 
(888
)
 
(731
)
Change in unrecognized loss
1,183

 
(3,636
)
 
3,108

Projected benefit obligation, end of year
$
34,606

 
$
32,136

 
$
34,319

Unamortized prior service cost:
 
 
 
 
 
Beginning of year
$
3,154

 
$
3,171

 
$
3,333

Plan amendments adopted during year
511

 
826

 
575

Amortization of prior service cost
(662
)
 
(843
)
 
(737
)
Unamortized prior service cost, end of year
$
3,003

 
$
3,154

 
$
3,171

Accumulated unrecognized loss, October 31
$
1,703

 
$
527

 
$
4,307

Accumulated benefit obligation, October 31
$
34,606

 
$
32,136

 
$
34,319

Accrued benefit obligation, October 31
$
34,606

 
$
32,136

 
$
34,319


The table below provides, based upon the estimated retirement dates of the participants in the retirement plans, the amounts of benefits we would be required to pay in each of the next five fiscal years and for the five fiscal years ended October 31, 2024 in the aggregate (in thousands):
Year ending October 31,
Amount
2015
$
995

2016
$
1,778

2017
$
2,028

2018
$
2,124

2019
$
2,449

November 1, 2019 – October 31, 2024
$
13,655