Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Jan. 29, 2016

Derivative Instruments and Hedging Activities

Fair value of derivatives and consolidated balance sheet location

Asset Derivatives

Liability Derivatives

January 29, 2016

January 30, 2015

January 29, 2016

January 30, 2015

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

$

3,393

Prepaid expenses

$

9,125

Accrued liabilities

$

2,967

Accrued liabilities

$

—

Cross currency contract

Prepaid expenses

142

Prepaid expenses

—

Accrued liabilities

—

Accrued liabilities

440

Derivatives Not Designated as Hedging Instruments

Forward currency contracts

Prepaid expenses

1,347

Prepaid expenses

4,901

Accrued liabilities

235

Accrued liabilities

—

Cross currency contract

Prepaid expenses

2,218

Prepaid expenses

1,930

Accrued liabilities

—

Accrued liabilities

—

Total Derivatives

$

7,100

$

15,956

$

3,202

$

440

Impact of derivative instruments on consolidated statements of earnings for 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)	January 29,			January 30,				January 29,			January 30,				January 29,			January 30,
For the three months ended	2016			2015				2016			2015				2016			2015
Forward currency contracts	$	565		$	4,178		Net sales	$	1,080		$	2,004		Other income, net	$	(12	)	$	227
Forward currency contracts	(1,659		)	(1,384		)	Cost of sales	(314		)	(313		)
Cross currency contracts	34			(18		)	Other income, net	128			(13		)
Total	$	(1,060	)	$	2,776			$	894		$	1,678

Impact of derivative instruments on consolidated statements of earnings for derivatives not designated as hedging instruments

		Gain (Loss) Recognized in Net Earnings
		Three Months Ended
	Location of Gain (Loss)	January 29,		January 30,
(Dollars in thousands)	Recognized in Net Earnings	2016		2015
Forward currency contracts	Other income, net	$	1,337	$	8,261
Cross currency contracts	Other income, net	130		1,135
		$	1,467	$	9,396

Schedule of effects of master netting arrangements on fair value of derivative contracts recorded in 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
January 29, 2016	Assets		Balance Sheet		in the Balance Sheet		Liabilities			Balance Sheet		in the Balance Sheet
Forward currency contracts	$	4,740	$	—	$	4,740	$	(3,202	)	$	—	$	(3,202	)
Cross currency contracts	2,360		—		2,360		—			—		—
	$	7,100	$	—	$	7,100	$	(3,202	)	$	—	$	(3,202	)

	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
January 30, 2015	Assets		Balance Sheet			in the Balance Sheet		Liabilities			Balance Sheet		in the Balance Sheet
Forward currency contracts	$	15,781	$	(1,755	)	$	14,026	$	—		$	—	$	—
Cross currency contracts	1,930		—			1,930		(440		)	—		(440		)
	$	17,711	$	(1,755	)	$	15,956	$	(440	)	$	—	$	(440	)