INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2021

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, 2021			October 31, 2020			October 31, 2019
United States	$	(19,447	)	$	(10,672	)	$	(8,379	)
Foreign		121,453			72,273			59,080
	$	102,006		$	61,601		$	50,701

Income Tax Provision

The income tax provisions consist of the following:

	Year Ended
	October 31, 2021			October 31, 2020			October 31, 2019
Current:
Federal	$	-		$	-		$	(3,916	)
State		4			4			11
Foreign		25,296			21,698			17,777
		25,300			21,702			13,872
Deferred:
Federal		-			-			3,673
State		103			8			10
Foreign		(2,213	)		(452	)		(7,345	)
		(2,110	)		(444	)		(3,662	)
Total	$	23,190		$	21,258		$	10,210

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, 2021			October 31, 2020			October 31, 2019
U.S. federal income tax at statutory rate	$	21,421		$	12,936		$	10,647
Changes in valuation allowances		364			6,942			2,673
Foreign tax rate differentials		3,244			1,718			218
Tax credits		(3,942	)		(1,562	)		(1,268	)
Uncertain tax positions, including reserves, settlements and resolutions		1,037			1,637			134
Income tax holiday		-			(318	)		(2,234	)
Other, net		1,066			(95	)		40
	$	23,190		$	21,258		$	10,210
Effective tax rate		22.7	%		34.5	%		20.1	%

Net Deferred Income Tax Assets

The net deferred income tax assets consist of the following:

	As of
	October 31, 2021			October 31, 2020
Deferred income tax assets:
Net operating losses	$	31,657		$	34,457
Reserves not currently deductible		8,201			6,287
Tax credit carryforwards		9,877			9,481
Share-based compensation		1,500			1,306
Property, plant and equipment		7,566			3,887
Lease liabilities		9,134			-
Other		157			398
		68,092			55,816
Valuation allowances		(34,337	)		(33,973	)
		33,755			21,843
Deferred income tax liabilities:
ROU assets		(9,698	)		-
		(9,698	)		-
Net deferred income tax assets	$	24,057		$	21,843
Classification
Deferred income tax assets	$	24,353		$	22,070
Other liabilities		(296	)		(227	)
	$	24,057		$	21,843

Operating Loss Carryforwards

The following tables present our available operating loss and credit carryforwards as of October 31, 2021, and their related expiration periods:

Operating Loss Carryforwards	Amount		Expiration Period
Federal	$	99,636	2029-Indefinite
State		187,044		2022-Indefinite
Foreign		113		2024-2031

Tax Credit Carryforwards

Tax Credit Carryforwards	Amount		Expiration Period
Federal research and development	$	5,204		2024-2041
State	$	5,915		2022-2035

Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is presented below.

	Year Ended
	October 31, 2021			October 31, 2020			October 31, 2019
Balance at beginning of year before interest and penalties	$	2,550		$	1,758		$	1,775
Additions (reductions) for tax positions in prior years		181			227			(466	)
Additions based on current year tax positions		1,313			1,576			1,286
Settlements		(489	)		(992	)		(204	)
Lapses of statutes of limitations		(21	)		(19	)		(633	)
Balance at end of year before interest and penalties		3,534			2,550			1,758
Interest and penalties		223			131			177
Balance at end of year including interest and penalties	$	3,757		$	2,681		$	1,935