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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Aug. 04, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivatives and Consolidated Balance Sheet Location
The following table presents the fair value of the company’s derivative instruments and Condensed Consolidated Balance Sheets location:
 
 
Fair Value at
 
Fair Value at
 
Fair Value at
(Dollars in thousands)
 
August 4, 2017
 
July 29, 2016
 
October 31, 2016
Derivative assets:
 
 

 
 

 
 

Derivatives designated as cash flow hedging instruments
 
 

 
 

 
 

Prepaid expenses and other current assets
 
 

 
 

 
 

Forward currency contracts
 
$
1,998

 
$
114

 
$
1,535

Derivatives not designated as cash flow hedging instruments
 
 

 
 

 
 

Prepaid expenses and other current assets
 
 

 
 

 
 

Forward currency contracts
 
166

 
532

 
432

Total assets
 
$
2,164

 
$
646

 
$
1,967

Derivative liabilities:
 
 

 
 

 
 

Derivatives designated as cash flow hedging instruments
 
 

 
 

 
 

Accrued liabilities
 
 

 
 

 
 

Forward currency contracts
 
$
5,173

 
$
2,070

 
$
973

Derivatives not designated as cash flow hedging instruments
 
 

 
 

 
 

Accrued liabilities
 
 

 
 

 
 

Forward currency contracts
 
1,481

 
402

 
792

Total liabilities
 
$
6,654

 
$
2,472

 
$
1,765
Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings for Derivatives Designated as Cash Flow Hedging Instruments
The following tables present the impact of derivative instruments on the Condensed Consolidated Statements of Earnings for the company’s derivatives designated as cash flow hedging instruments for the three and nine months ended August 4, 2017 and July 29, 2016, respectively:
 
 
Effective Portion
 
Ineffective Portion and Excluded from 
Effectiveness Testing
 
 
Gain (Loss) 
Recognized in OCI on
Derivatives
 
Location of Gain (Loss)
Reclassified from 
AOCL into Income
 
Gain (Loss) Reclassified 
from AOCL into Income
 
Location of Gain 
(Loss) Recognized in 
Income on Derivatives
 
Gain (Loss) Recognized 
in Income on Derivatives
(Dollars in thousands)
 
August 4,
2017
 
July 29,
2016
 
 
 
August 4,
2017
 
July 29,
2016
 
 
 
August 4,
2017
 
July 29,
2016
Three months ended
 
 
 
 
 
 
 
 
 
 
Forward currency contracts
 
$
(3,531
)
 
$
983

 
Net sales
 
$
153

 
$
(192
)
 
Other income, net
 
$
(179
)
 
$
(69
)
Forward currency contracts
 
469

 
(317
)
 
Cost of sales
 
96

 
(931
)
 
 
 
 

 
 

Total derivatives designated as cash flow hedging instruments
 
$
(3,062
)
 
$
666

 
Total
 
$
249

 
$
(1,123
)
 
Total
 
$
(179
)
 
$
(69
)
 
 
Effective Portion
 
Ineffective Portion and Excluded from 
Effectiveness Testing
 
 
Gain (Loss) 
Recognized in OCI on
Derivatives
 
Location of Gain (Loss)
Reclassified from 
AOCL into Income
 
Gain (Loss) Reclassified 
from AOCL into Income
 
Location of Gain 
(Loss) Recognized in 
Income on Derivatives
 
Gain (Loss) Recognized 
in Income on Derivatives
(Dollars in thousands)
 
August 4,
2017
 
July 29,
2016
 
 
 
August 4,
2017
 
July 29,
2016
 
 
 
August 4,
2017
 
July 29,
2016
Nine months ended
 
 
 
 
 
 
 
 
 
 
Forward currency contracts
 
$
(3,685
)
 
$
(1,647
)
 
Net sales
 
$
2,219

 
$
1,809

 
Other income, net
 
$
190

 
$
162

Forward currency contracts
 
2,585

 
(537
)
 
Cost of sales
 
(1,227
)
 
(1,930
)
 
 
 
 

 
 

Cross currency contracts
 
—

 
255

 
Other income, net
 
—

 
(94
)
 
 
 
 

 
 

Total derivatives designated as cash flow hedging instruments

 
$
(1,100
)
 
$
(1,929
)
 
Total
 
$
992

 
$
(215
)
 
Total
 
$
190

 
$
162
Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings for Derivatives Not Designated as Hedging Instruments
The following table presents the gain/(loss) of derivative instruments on the Condensed Consolidated Statements of Earnings for the company’s derivatives not designated as cash flow hedging instruments:
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
Location of Gain (Loss) 
 
August 4,
2017
 
July 29,
2016
 
August 4,
2017
 
July 29,
2016
(Dollars in thousands)
 
 
 
 
 
Forward currency contracts
 
Other income, net
 
$
(4,513
)
 
$
788

 
$
(3,959
)
 
$
(553
)
Cross currency contracts
 
Other income, net
 
—

 
(8
)
 
—

 
(191
)
Total derivatives not designated as cash flow hedging instruments
 
 
 
$
(4,513
)
 
$
780

 
$
(3,959
)
 
$
(744
)
Schedule of Effects of Master Netting Arrangements on Fair Value of Derivative Contracts Recorded in Consolidated Balance Sheets
The following table shows the effects of the master netting arrangements on the fair value of the company’s derivative contracts that are recorded in the Condensed Consolidated Balance Sheets:
(Dollars in thousands)
 
August 4, 2017
 
July 29, 2016
 
October 31, 2016
Derivative assets:
 
 

 
 

 
 

Forward currency contracts
 
 

 
 

 
 

Gross amounts of recognized assets
 
$
2,164

 
$
885

 
$
2,264

Gross liabilities offset in the balance sheets
 
—

 
(239
)
 
(297
)
Net amounts of assets presented in the Consolidated Balance Sheets
 
$
2,164

 
$
646

 
$
1,967

Derivative liabilities:
 
 

 
 

 
 

Forward currency contracts
 
 

 
 

 
 

Gross amounts of recognized liabilities
 
$
(6,654
)
 
$
(2,475
)
 
$
(1,765
)
Gross assets offset in the balance sheets
 
—

 
3

 
—

Net amounts of liabilities presented in the Consolidated Balance Sheets
 
$
(6,654
)
 
$
(2,472
)
 
$
(1,765
)