INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2020

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, 2020			October 31, 2019			October 31, 2018
United States	$	(10,672	)	$	(8,379	)	$	(9,859	)
Foreign		72,273			59,080			78,430
	$	61,601		$	50,701		$	68,571

Income Tax Provision

The income tax provisions consist of the following:

	Year Ended
	October 31, 2020			October 31, 2019			October 31, 2018
Current:
Federal	$	-		$	(3,916	)	$	(30	)
State		4			11			-
Foreign		21,698			17,777			11,584
Deferred:
Federal		-			3,673			(3,673	)
State		8			10			(24	)
Foreign		(452	)		(7,345	)		(522	)
Total	$	21,258		$	10,210		$	7,335

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, 2020			October 31, 2019			October 31, 2018
U.S. federal income tax at statutory rate	$	12,936		$	10,647		$	16,059
Changes in valuation allowances		6,942			2,673			4,554
Foreign tax rate differentials		1,718			218			(2,078	)
Tax credits		(1,562	)		(1,268	)		(1,530	)
Uncertain tax positions, including reserves, settlements and resolutions		1,637			134			(1,791	)
Employee stock option		-			-			(1,433	)
Income tax holiday		(318	)		(2,234	)		(2,648	)
Tax reform		-			-			(3,736	)
Distributions from foreign subsidiaries		-			-			-
Tax on foreign subsidiary earnings		-			-			-
Other, net		(95	)		40			(62	)
	$	21,258		$	10,210		$	7,335
Effective tax rate		34.5	%		20.1	%		10.7	%

Net Deferred Income Tax Assets

The net deferred income tax assets consist of the following:

	As of
	October 31, 2020			October 31, 2019
Deferred income tax assets:
Net operating losses	$	34,457		$	32,229
Reserves not currently deductible		6,287			5,013
Tax credit carryforwards		9,481			9,164
Share-based compensation		1,306			860
Property, plant and equipment		3,887			-
Other		398			434
		55,816			47,700
Valuation allowances		(33,973	)		(27,032	)
		21,843			20,668
Deferred income tax liabilities:
Property, plant and equipment		-			(251	)
Other		-			-
		-			(251	)
Net deferred income tax assets	$	21,843		$	20,417
Reported as:
Deferred income tax assets	$	22,070		$	20,779
Deferred income tax liabilities		(227	)		(362	)
	$	21,843		$	20,417

Operating Loss Carryforwards

The following tables present our available operating loss and credit carryforwards as of October 31, 2020, and their related expiration periods:

Operating Loss Carryforwards	Amount		Expiration Periods
Federal	$	90,125	2028-Indefinite
State		205,649		2020-2040
Foreign		14,895		2022-2030

Tax Credit Carryforwards

Tax Credit Carryforwards	Amount		Expiration Period
Federal research and development	$	4,796		2024-2040
State		5,928		2020-2034

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, 2020			October 31, 2019			October 31, 2018
Balance at beginning of year	$	1,758		$	1,775		$	3,384
Additions (reductions) for tax positions in prior years		227			(466	)		(44	)
Additions based on current year tax positions		1,576			1,286			498
Settlements		(992	)		(204	)		(56	)
Lapses of statutes of limitations		(19	)		(633	)		(2,007	)
Balance at end of year	$	2,550		$	1,758		$	1,775