Income Tax Disclosure [Abstract] | Period [Axis] |
---|
2015-11-01 - 2016-10-31 |
---|
Income Tax Disclosure [Abstract] | |
U.S. and Foreign Components of Income (Loss) from Continuing Operations |
he U.S. and
foreign components of income (loss) before (provision) benefit for
income taxes are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years
Ended
October 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
|
(in
thousands) |
|
U.S.
|
|
$ |
44,243 |
|
|
$ |
43,171 |
|
|
$ |
(12,403 |
) |
Foreign
|
|
|
2,279 |
|
|
|
1,074 |
|
|
|
2,963 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
46,522 |
|
|
$ |
44,245 |
|
|
$ |
(9,440 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Provision) benefit for Income Taxes |
The
(provision) benefit for income taxes is summarized as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years
Ended
October 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
|
(in
thousands) |
|
Current:
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
$ |
(12,799 |
) |
|
$ |
(6,646 |
) |
|
$ |
(108 |
) |
State
|
|
|
(2,339 |
) |
|
|
(2,816 |
) |
|
|
206 |
|
Foreign
|
|
|
(723 |
) |
|
|
(376 |
) |
|
|
(952 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(15,861 |
) |
|
|
(9,838 |
) |
|
|
(854 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred:
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
(2,101 |
) |
|
|
(6,102 |
) |
|
|
4,412 |
|
State
|
|
|
301 |
|
|
|
589 |
|
|
|
475 |
|
Foreign
|
|
|
(59 |
) |
|
|
(57 |
) |
|
|
(99 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,859 |
) |
|
|
(5,570 |
) |
|
|
4,788 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total (provision) benefit
for income taxes
|
|
$ |
(17,720 |
) |
|
$ |
(15,408 |
) |
|
$ |
3,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Tax Asset Liabilities |
The tax
effects of significant temporary differences that comprise the
deferred tax assets (liabilities) at October 31, 2016 and 2015
are as follows:
|
|
|
|
|
|
|
|
|
|
|
October 31, |
|
|
|
2016 |
|
|
2015 |
|
|
|
(in
thousands) |
|
Deferred income tax
assets:
|
|
|
|
|
|
|
|
|
Allowance for doubtful
accounts
|
|
$ |
2,709 |
|
|
$ |
1,937 |
|
Inventories
|
|
|
909 |
|
|
|
924 |
|
Alternative minimum tax
credits carryforwards
|
|
|
— |
|
|
|
3,264 |
|
State net operating loss
carryforwards
|
|
|
62 |
|
|
|
716 |
|
Stock based
compensation
|
|
|
5,324 |
|
|
|
4,810 |
|
Capital loss
carryforwards
|
|
|
23 |
|
|
|
30 |
|
Foreign tax credits
carryforwards
|
|
|
7,112 |
|
|
|
7,422 |
|
Other
|
|
|
2,696 |
|
|
|
1,973 |
|
|
|
|
|
|
|
|
|
|
Total gross deferred tax
assets
|
|
|
18,835 |
|
|
|
21,076 |
|
Valuation
allowance
|
|
|
(23 |
) |
|
|
(30 |
) |
|
|
|
|
|
|
|
|
|
Total net deferred tax
asset
|
|
$ |
18,812 |
|
|
$ |
21,046 |
|
Deferred tax
liabilities:
|
|
|
|
|
|
|
|
|
Depreciation
|
|
$ |
(23,319 |
) |
|
$ |
(23,856 |
) |
Deferred tax liability on
undistributed earnings of foreign subsidiary
|
|
|
(7,901 |
) |
|
|
(7,250 |
) |
Deferred gain on
redemption of senior notes
|
|
|
(761 |
) |
|
|
(1,187 |
) |
Basis differences related
to acquisitions
|
|
|
(5,275 |
) |
|
|
(5,275 |
) |
Other
|
|
|
(1,269 |
) |
|
|
(1,622 |
) |
|
|
|
|
|
|
|
|
|
Total gross deferred tax
liabilities
|
|
$ |
(38,525 |
) |
|
$ |
(39,190 |
) |
|
|
|
|
|
|
|
|
|
Total net deferred tax
liabilities
|
|
$ |
(19,713 |
) |
|
$ |
(18,144 |
) |
|
|
|
|
|
|
|
|
|
|
Net Loss Carryforwards and Foreign Tax Credits Before Valuation Allowances |
Net operating
loss carryforwards, capital loss carryforwards and foreign tax
credits, before valuation allowances, at October 31, 2016
expire as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Related Tax
Amount |
|
|
Deferred Tax
Asset |
|
|
Expiration Date |
|
|
(in
thousands) |
|
|
|
Loss
carryforwards:
|
|
|
|
|
|
|
|
|
|
|
State net operating
loss
|
|
$ |
96 |
|
|
$ |
62 |
|
|
Fiscal 2027 |
Capital loss
carryforwards:
|
|
|
|
|
|
|
|
|
|
|
Canada
|
|
$ |
179 |
|
|
$ |
23 |
|
|
Indefinite |
Tax credit
carryforwards:
|
|
|
|
|
|
|
|
|
|
|
Foreign tax
credits
|
|
$ |
7,112 |
|
|
$ |
7,112 |
|
|
Fiscal 2025 - 2026 |
|
Reconciliation of (Provision) Benefit for Income Taxes on Income (Loss) from Continuing Operations |
A
reconciliation of the (provision) benefit for income taxes on
income (loss) before (provision) benefit for income taxes to that
which would be computed at the statutory rate of 35% for each of
the fiscal years 2016, 2015 and 2014, is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended
October 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
|
(in
thousands) |
|
Provision at statutory
rate
|
|
$ |
(16,283 |
) |
|
$ |
(15,486 |
) |
|
$ |
3,304 |
|
State tax provision, net
of federal tax benefit
|
|
|
(1,324 |
) |
|
|
(1,448 |
) |
|
|
443 |
|
Differential in the U.S.
and Canadian statutory rate
|
|
|
211 |
|
|
|
100 |
|
|
|
275 |
|
Foreign taxes paid and
accrued
|
|
|
(147 |
) |
|
|
(153 |
) |
|
|
(260 |
) |
Net permanent
adjustments
|
|
|
253 |
|
|
|
1,678 |
|
|
|
— |
|
Other, net
|
|
|
(430 |
) |
|
|
(99 |
) |
|
|
172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Provision) benefit for
income taxes
|
|
$ |
(17,720 |
) |
|
$ |
(15,408 |
) |
|
$ |
3,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|