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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 6 Months Ended
Apr. 30, 2015
Schedule of Fair Value of Derivative Instruments
April 30, 2015 October 31, 2014
Balance Sheet Fair     Balance Sheet   Fair  
Derivatives Location Value     Location   Value  
Designated as hedging instruments:                
Foreign exchange forward contracts   Derivative assets   $ 3,265     Derivative assets   $ 2,596  
Foreign exchange forward contracts   Derivative liabilities   $ 440     Derivative liabilities   $ 401  
Not designated as hedging  instruments:                        
Foreign exchange forward contracts   Derivative assets   $ 253     Derivative assets   $ 531  
Foreign exchange forward contracts   Derivative liabilities   $ 676     Derivative liabilities   $ 304  
Period One [Member]  
Schedule of Effect of Derivative Instruments on the Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations



 

Derivatives Amount of Gain
(Loss) Recognized in
Other Comprehensive
Income		 Location of
Gain (Loss)
Reclassified
from Other
Comprehensive
Income		   Amount of Gain
(Loss) Reclassified
from Other
Comprehensive
Income		  
Three Months Ended
April 30		     Three Months Ended
April 30,		  
2015 2014         2015     2014  
Designated as hedging instruments:
(Effective portion)		                    
Foreign exchange forward contracts – Intercompany sales/purchases   $ 296     $ (770 )   Cost of sales
and service		   $ (8 )   $ (225 )
Foreign exchange forward contract – Net investment   $ 9     $ (73 )                    


  

We did not recognize gains or losses as a result of hedges deemed ineffective for the three months ended April 30, 2015. We recognized a loss of $10,000 for the three months ended April 30, 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 recognized the following gains and losses in our Condensed Consolidated Statements of Income during the three months ended April 30, 2015 and 2014 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
April 30,
2015   2014  
(in thousands)
Not Designated as Hedging Instruments:                
Foreign exchange forward contracts   Other (income) expense, net   $ 333     $ (935 )

 
Schedule of Changes in Components of Accumulated Other Comprehensive Loss

         


       
Foreign Currency Translation Cash Flow Hedges     Total  
         
Balance, January 31, 2015   $ (9,607 )   $ 2,911     $ (6,696 )
                         
Other comprehensive income (loss) before reclassifications     1,020       296       1,316  
                         
Reclassifications     —       8       8  
                         
Balance, April 30, 2015   $ (8,587 )   $ 3,215     $ (5,372 )
Period Two [Member]  
Schedule of Effect of Derivative Instruments on the Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations


 

Amount of Gain (Loss)
Recognized in Other		 Location of Gain
(Loss) Reclassified from Other		 Amount of Gain (Loss)
Reclassified from Other		  
Derivatives Comprehensive Income Comprehensive Income Comprehensive Income  
Six Months Ended Six Months Ended  
April 30, April 30,  
    2015     2014           2015     2014  
Designated as hedging instruments:                              
(Effective portion)                                        
                                         
Foreign exchange forward contracts  – Intercompany sales/purchases   $ 1,852     $ (1,211 )     Cost of sales and service     $ (372 )   $ (481 )
                                         
Foreign exchange forward contract – Net investment   $ 248     $ (53 )                        

 

We did not recognize gains or losses as a result of hedges deemed ineffective for the six months ended April 30, 2015. We recognized a loss of $29,000 for the six months ended April 30, 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 recognized the following gains and losses in our Condensed Consolidated Statements of Income during the six months ended April 30, 2015 and 2014 on derivative instruments not designated as hedging instruments:

 

Derivatives Location of Gain (Loss)
Recognized in Operations		 Amount of Gain (Loss) Recognized in
Operations
Six Months Ended
April 30,
2015   2014  
(in thousands)
Not designated as hedging instruments:                    
Foreign exchange forward contracts   Other (income) expense, net   $ 3,045     $ (973 )

 
Schedule of Changes in Components of Accumulated Other Comprehensive Loss

         


       
Foreign Currency Translation Cash Flow Hedges     Total  
         
Balance, October 31, 2014   $ (4,551 )   $ 991     $ (3,560 )
                         
Other comprehensive income (loss) before reclassifications     (4,036 )     1,852       (2,184 )
                         
Reclassifications     —       372       372  
                         
Balance, April 30, 2015   $ (8,587 )   $ 3,215     $ (5,372 )