INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2019

INCOME TAXES [Abstract]

Income Before Income Tax Provision for Domestic and Foreign

Income before the income tax provisions consists of the following:

	Year Ended
	October 31, 2019			October 31, 2018			October 29, 2017
United States	$	(8,379	)	$	(9,859	)	$	(11,544	)
Foreign		59,080			78,430			38,109
	$	50,701		$	68,571		$	26,565

Income Tax Provision

The income tax provisions consist of the following:

	Year Ended
	October 31, 2019			October 31, 2018			October 29, 2017
Current:
Federal	$	(3,916	)	$	(30	)	$	173
State		11			-			(4	)
Foreign		17,777			11,584			3,474
Deferred:
Federal		3,673			(3,673	)		-
State		10			(24	)		15
Foreign		(7,345	)		(522	)		1,618
Total	$	10,210		$	7,335		$	5,276

Income Tax Rate Reconciliation

The income tax provisions differ from the amount computed by applying the statutory U.S. federal income tax rate to income before income taxes as a result of the following:

	Year Ended
	October 31, 2019			October 31, 2018			October 29, 2017
U.S. federal income tax at statutory rate	$	10,647		$	16,059		$	9,298
Changes in valuation allowances		2,673			4,554			(3,632	)
Foreign tax rate differentials		218			(2,078	)		(5,230	)
Tax credits		(1,268	)		(1,530	)		(1,925	)
Uncertain tax positions, including reserves, settlements and resolutions		134			(1,791	)		(932	)
Employee stock option		232			(1,433	)		512
Income tax holiday		(2,234	)		(2,648	)		(743	)
Tax reform		-			(3,736	)		-
Distributions from foreign subsidiaries		-			-			6,471
Tax on foreign subsidiary earnings		-			-			1,712
Other, net		(192	)		(62	)		(255	)
	$	10,210		$	7,335		$	5,276
Effective tax rate		20.1	%		10.7	%		19.8	%

Net Deferred Income Tax Assets

The net deferred income tax assets consist of the following:

	As of
	October 31, 2019			October 31, 2018
Deferred income tax assets:
Net operating losses	$	32,229		$	30,805
Reserves not currently deductible		5,013			4,703
Tax credit carryforwards		9,164			9,159
Share-based compensation		860			767
Alternative minimum tax credits		-			3,673
Other		434			1,210
		47,700			50,317
Valuation allowances		(27,032	)		(24,383	)
		20,668			25,934
Deferred income tax liabilities:
Property, plant and equipment		(251	)		(8,020	)
Other		-			(448	)
		(251	)		(8,468	)
Net deferred income tax assets	$	20,417		$	17,466
Reported as:
Deferred income tax assets	$	20,779		$	18,109
Deferred income tax liabilities		(362	)		(643	)
	$	20,417		$	17,466

Operating Loss Carryforwards

The following tables present our available operating loss and credit carryforwards as of October 31, 2019, and their related expiration periods:

Operating Loss Carryforwards	Amount		Expiration Periods
Federal	$	85,949	2028-Indefinite
State		206,513		2019-2039
Foreign		9,177		2022-2029

Tax Credit Carryforwards

Tax Credit Carryforwards	Amount		Expiration Period
Federal research and development	$	4,522		2019-2039
State		5,870		2020-2029

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits, Excluding Interest and Penalties

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties, is as follows:

	Year Ended
	October 31, 2019			October 31, 2018			October 29, 2017
Balance at beginning of year	$	1,775		$	3,384		$	4,606
Additions (reductions) for tax positions in prior years		(466	)		(44	)		207
Additions based on current year tax positions		1,286			498			323
Settlements		(204	)		(56	)		(922	)
Lapses of statutes of limitations		(633	)		(2,007	)		(830	)
Balance at end of year	$	1,758		$	1,775		$	3,384