DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Jul. 31, 2014

Schedule of Fair Value of Derivative Instruments

	July 31, 2014			October 31, 2013
	Balance sheet	Fair		Balance sheet	Fair
Derivatives	location	value		location	value
Designated as hedging instruments:
Foreign exchange forward contracts	Derivative assets	$	603	Derivative assets	$	244
Foreign exchange forward contracts	Derivative liabilities	$	505	Derivative liabilities	$	1,158
Not designated as hedging instruments:
Foreign exchange forward contracts	Derivative assets	$	586	Derivative assets	$	455
Foreign exchange forward  contracts	Derivative liabilities	$	163	Derivative liabilities	$	54

Period One [Member]

Schedule of Effect of Derivative Instruments on the Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations

Derivative instruments had the following effects on our Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Changes in Shareholders' Equity and Condensed Consolidated Statements of Income during the three months ended July 31, 2014 and 2013 (in thousands):

	Amount of Gain (Loss)					Location of Gain	Amount of Gain (Loss)
	Recognized in Other					(Loss) Reclassified from Other	Reclassified from Other
Derivatives	Comprehensive Income					Comprehensive Income	Comprehensive Income
	Three months ended						Three months ended
	July 31,						July 31,
	2014		2013				2014			2013
Designated as hedging instruments:
(Effective portion)
Foreign exchange forward contracts  - Intercompany sales/purchases	$	959	$	(675	)	Cost of sales and service	$	(377	)	$	77
Foreign exchange forward contract - Net investment	$	143	$	(49	)

We recognized a gain of $19,000 for the three months ended July 31, 2014 as a result of contracts closed early that were deemed ineffective for financial reporting purposes and did not qualify as cash flow hedges. We did not recognize gains or losses as a result of hedges deemed ineffective for the three months ended July 31, 2013. We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the three months ended July 31, 2014 and 2013 (in thousands) on derivative instruments not designated as hedging instruments:

Derivatives	Location of gain (loss) recognized in operations	Amount of gain (loss) recognized in operations
		Three months ended July 31,
		2014		2013
Not designated as hedging instruments:
Foreign exchange forward contracts	Other (income) expense, net	$	971	$	(561	)

Schedule of Changes in Components of Accumulated Other Comprehensive Loss

	Foreign
	Currency			Cash Flow
	Translation			Hedges			Total
Balance, April 30, 2014	$	(502	)	$	(1,698	)	$	(2,200	)
Other comprehensive income (loss) before reclassifications		(886	)		619			(267	)
Reclassifications		-			243			243
Balance, July 31, 2014	$	(1,388	)	$	(836	)	$	(2,224	)

Period Two [Member]

Schedule of Effect of Derivative Instruments on the Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations

Derivative instruments had the following effects on our Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Changes in Shareholders' Equity and Condensed Consolidated Statements of Income during the nine months ended July 31, 2014 and 2013 (in thousands):

	Amount of Gain (Loss)						Location of Gain	Amount of Gain (Loss)
	Recognized in Other						(Loss) Reclassified from Other	Reclassified from Other
Derivatives	Comprehensive Income						Comprehensive Income	Comprehensive Income
	Nine months ended							Nine months ended
	July 31,							July 31,
	2014			2013				2014			2013
Designated as hedging instruments:
(Effective portion)
Foreign exchange forward contracts  - Intercompany sales/purchases	$	(918	)	$	(1,088	)	Cost of sales and service	$	(1,122	)	$	1,723
Foreign exchange forward contract - Net investment	$	61		$	(100	)

We recognized a loss of $10,000 for the nine months ended July 31, 2014, and a loss of $32,000 for the nine months ended July 31, 2013 as a result of contracts closed early that were deemed ineffective for financial reporting purposes and did not qualify as cash flow hedges. We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the nine months ended July 31, 2014 and 2013 (in thousands) on derivative instruments not designated as hedging instruments:

Derivatives	Location of gain (loss) recognized in operations	Amount of gain (loss) recognized in operations
		Nine months ended July 31,
		2014			2013
Not designated as hedging instruments:
Foreign exchange forward contracts	Other (income) expense, net	$	(2	)	$	(1,148	)

Schedule of Changes in Components of Accumulated Other Comprehensive Loss

	Foreign
	Currency			Cash Flow
	Translation			Hedges			Total
Balance, October 31, 2013	$	(1,016	)	$	(968	)	$	(1,984	)
Other comprehensive income (loss) before reclassifications		(372	)		(592	)		(964	)
Reclassifications		-			724			724
Balance, July 31, 2014	$	(1,388	)	$	(836	)	$	(2,224	)