Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jul. 31, 2015

Derivative Instruments and Hedging Activities

Fair value of the company's derivatives and consolidated balance sheet location

Asset Derivatives

Liability Derivatives

July 31, 2015

August 1, 2014

July 31, 2015

August 1, 2014

Balance

Balance

Balance

Balance

Sheet

Fair

Sheet

Fair

Sheet

Fair

Sheet

Fair

(Dollars in thousands)

Location

Value

Location

Value

Location

Value

Location

Value

Derivatives Designated as Hedging Instruments

Forward currency contracts

Prepaid expenses

$

2,957

Prepaid expenses

$

1,263

Accrued liabilities

$

1,986

Accrued liabilities

$

62

Cross currency contract

Prepaid expenses

—

Prepaid expenses

—

Accrued liabilities

243

Accrued liabilities

701

Derivatives Not Designated as Hedging Instruments

Forward currency contracts

Prepaid expenses

2,663

Prepaid expenses

261

Accrued liabilities

2

Accrued liabilities

412

Cross currency contract

Prepaid expenses

2,179

Prepaid expenses

61

Accrued liabilities

—

Accrued liabilities

—

Total Derivatives

$

7,799

$

1,585

$

2,231

$

1,175

Impact of derivative instruments on the consolidated statements of earnings for the company's derivatives designated as cash flow hedging instruments

														Location of Gain (Loss)	Gain (Loss)
							Location of Gain							Recognized in Income	Recognized in Income
	Gain (Loss)						(Loss) Reclassified	Gain (Loss)						on Derivatives	on Derivatives
	Recognized in OCI on						from AOCL	Reclassified from						(Ineffective Portion	(Ineffective Portion and
	Derivatives						into Income	AOCL into Income						and excluded from	Excluded from
	(Effective Portion)						(Effective Portion)	(Effective Portion)						Effectiveness Testing)	Effectiveness Testing)
(Dollars in thousands)	July 31,			August 1,				July 31,			August 1,				July 31,		August 1,
For the three months ended	2015			2014				2015			2014				2015		2014
Forward currency contracts	$	(654	)	$	952		Net sales	$	3,258		$	(369	)	Other income, net	$	280	$	(63	)
Forward currency contracts	(433		)	(216		)	Cost of sales	(817		)	61
Cross currency contracts	31			(292		)	Other income, net	(85		)	(212		)
Total	$	(1,056	)	$	444			$	2,356		$	(520	)

	July 31,			August 1,				July 31,			August 1,				July 31,		August 1,
For the nine months ended	2015			2014				2015			2014				2015		2014
Forward currency contracts	$	(950	)	$	1,694		Net sales	$	11,188		$	(1,140	)	Other income, net	$	563	$	(204	)
Forward currency contracts	(1,615		)	(333		)	Cost of sales	(1,808		)	93
Cross currency contracts	167			(330		)	Other income, net	(292		)	(439		)
Total	$	(2,398	)	$	1,031			$	9,088		$	(1,486	)

Impact of derivative instruments on the consolidated statements of earnings for the company's derivatives not designated as hedging instruments

		Gain (Loss) Recognized in Net Earnings
		Three Months Ended					Nine Months Ended
	Location of Gain (Loss)	July 31,			August 1,		July 31,		August 1,
(Dollars in thousands)	Recognized in Net Earnings	2015			2014		2015		2014
Forward currency contracts	Other income, net	$	(2,891	)	$	2,474	$	8,459	$	(553	)
Cross currency contracts	Other income, net	139			421		1,441		181
		$	(2,752	)	$	2,895	$	9,900	$	(372	)

Schedule of effects of the master netting arrangements on the fair value of the company's derivative contracts that are recorded in the Consolidated Balance Sheets

	Assets							Liabilities
	Gross Amounts		Gross Liabilities			Net Amounts		Gross Amounts			Gross Assets		Net Amounts of
(Dollars in thousands)	of Recognized		Offset in the			of Assets Presented		of Recognized			offset in the		Liabilities Presented
July 31, 2015	Assets		Balance Sheet			in the Balance Sheet		Liabilities			Balance Sheet		in the Balance Sheet
Forward currency contracts	$	5,855	$	(235	)	$	5,620	$	(2,220	)	$	232	$	(1,988	)
Cross currency contracts	2,179		—			2,179		(243		)	—		(243		)
	$	8,034	$	(235	)	$	7,799	$	(2,463	)	$	232	$	(2,231	)

	Assets							Liabilities
	Gross Amounts		Gross Liabilities			Net Amounts		Gross Amounts			Gross Assets		Net Amounts of
(Dollars in thousands)	of Recognized		Offset in the			of Assets Presented		of Recognized			offset in the		Liabilities Presented
August 1, 2014	Assets		Balance Sheet			in the Balance Sheet		Liabilities			Balance Sheet		in the Balance Sheet
Forward currency contracts	$	1,572	$	(48	)	$	1,524	$	(560	)	$	86	$	(474	)
Cross currency contracts	61		—			61		(701		)	—		(701		)
	$	1,633	$	(48	)	$	1,585	$	(1,261	)	$	86	$	(1,175	)