INCOME TAXES (Tables)

12 Months Ended

Oct. 29, 2017

Schedule of components of income tax expense (benefit)

The income tax provision for the fiscal years ended 2017, 2016 and 2015, consisted of the following (in thousands):



	Fiscal Year Ended
	October 29, 2017			October 30, 2016			November 1, 2015
Current:
Federal	$	23,885		$	22,602		$	12,366
State	3,218			3,179			336
Foreign	445			838			1,638
Total current	27,548			26,619			14,340
Deferred:
Federal	(358		)	105			(5,193		)
State	769			1,380			91
Foreign	455			(167		)	(266		)
Total deferred	866			1,318			(5,368		)
Total provision	$	28,414		$	27,937		$	8,972

Schedule of effective income tax rate reconciliation

The reconciliation of income tax computed at the United States federal statutory tax rate to the effective income tax rate is as follows:



	Fiscal Year Ended
	October 29, 2017		October 30, 2016		November 1, 2015
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
State income taxes	3.2	%	3.8	%	1.6	%
Production activities deduction	(3.1	)%	(3.4	)%	(6.4	)%
Non-deductible expenses	0.9	%	1.3	%	4.1	%
Other	(1.8	)%	(1.3	)%	(0.8	)%
Effective tax rate	34.2	%	35.4	%	33.5	%

Tax effect of temporary differences

The tax effects of the temporary differences for fiscal 2017 and 2016 are as follows (in thousands):



	October 29, 2017			October 30, 2016
Deferred tax assets:
Inventory obsolescence	$	2,680		$	2,195
Bad debt reserve	1,686			1,094
Accrued and deferred compensation	16,003			22,339
Accrued insurance reserves	1,816			2,054
Deferred revenue	10,260			10,440
Net operating loss and tax credit carryover	3,686			4,301
Depreciation and amortization	434			473
Pension	6,510			6,568
Other reserves	716			502
Total deferred tax assets	43,791			49,966
Less valuation allowance	—			(210		)
Net deferred tax assets	43,791			49,756
Deferred tax liabilities:
Depreciation and amortization	(42,632		)	(44,292		)
U.S. tax on unremitted foreign earnings	(1,107		)	(1,107		)
Other	(1,805		)	(58		)
Total deferred tax liabilities	(45,544		)	(45,457		)
Total deferred tax (liability) asset, net	$	(1,753	)	$	4,299

Rollforward of valuation allowance on deferred tax activity

The following table represents the rollforward of the valuation allowance on deferred taxes activity for the fiscal years ended October 29, 2017, October 30, 2016 and November 1, 2015 (in thousands):



	October 29, 2017			October 30, 2016		November 1, 2015
Beginning balance	$	210		$	115	$	—
(Reductions) additions	(210		)	95		115
Ending balance	$	—		$	210	$	115

Schedule of unrecognized tax benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits during fiscal 2016 (in thousands):



	October 30, 2016
Unrecognized tax benefits at beginning of year	$	143
Reductions resulting from expiration of statute of limitations	(143		)
Unrecognized tax benefits at end of year	$	—