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FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Oct. 31, 2015
FINANCIAL INSTRUMENTS |
Fair value of the company's derivatives and consolidated balance sheet location |
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|  | Asset Derivatives |  | Liability Derivatives |
|  | October 31, 2015 |  | October 31, 2014 |  | October 31, 2015 |  | October 31, 2014 |
|  | Balance Sheet Location |  |  | Fair Value |  | Balance Sheet Location |  |  | Fair Value |  | Balance Sheet Location |  |  | Fair Value |  | Balance Sheet Location |  |  | Fair Value |
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Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward currency contracts |  | Prepaid expenses |  | $ | 2,102 |  | Prepaid expenses |  | $ | 4,626 |  | Accrued liabilities |  | $ | 1,363 |  | Accrued liabilities |  | $ | 9 |
Cross currency contracts |  | Prepaid expenses |  |  | – |  | Prepaid expenses |  |  | 831 |  | Accrued liabilities |  |  | 134 |  | Accrued liabilities |  |  | – |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward currency contracts |  | Prepaid expenses |  | $ | 1,071 |  | Prepaid expenses |  | $ | 1,404 |  | Accrued liabilities |  | $ | 348 |  | Accrued liabilities |  | $ | – |
Cross currency contracts |  | Prepaid expenses |  |  | 2,136 |  | Prepaid expenses |  |  | – |  | Accrued liabilities |  |  | – |  | Accrued liabilities |  |  | 536 |
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Total Derivatives |  |  |  | $ | 5,309 |  |  |  | $ | 6,861 |  |  |  | $ | 1,845 |  |  |  | $ | 545 |
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Impact of derivative instruments on the consolidated statements of earnings for the company's derivatives designated as cash flow hedging instruments |
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|  | Gain (Loss) Recognized in OCI on Derivatives, net of tax (Effective Portion) |  | Location of Gain (Loss) Reclassified from AOCL into Income (Effective Portion) |  | Gain (Loss) Reclassified from AOCL into Income (Effective Portion) |  | Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and excluded from Effectiveness Testing) |  | Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Excluded from Effectiveness Testing) |
Fiscal years ended |  |  | October 31, 2015 |  |  | October 31, 2014 |  |  |  |  | October 31, 2015 |  |  | October 31, 2014 |  |  |  |  | October 31, 2015 |  |  | October 31, 2014 |
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Forward currency contracts |  | $ | (745 | ) | $ | 4,150 |  | Net sales |  | $ | 13,067 |  | $ | (1,128 | ) | Other income, net |  | $ | 747 |  | $ | 120 |
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Forward currency contracts |  |  | (1,687 | ) |  | (712 | ) | Cost of sales |  |  | (2,806 | ) |  | 103 |  |  |  |  |  |  |  |  |
Cross currency contracts |  |  | 200 |  |  | (238 | ) | Other income, net |  |  | (355 | ) |  | (537 | ) |  |  |  |  |  |  |  |
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Total |  | $ | (2,232 | ) | $ | 3,200 |  | Total |  | $ | 9,906 |  | $ | (1,562 | ) |  |  |  |  |  |  |  |
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Impact of derivative instruments on the consolidated statements of earnings for the company's derivatives not designated as hedging instruments |
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|  |  |  | Gain (Loss) Recognized in Net Earnings Fiscal Year Ended |
|  | Location of Gain (Loss) Recognized in Net Earnings |  |  | October 31, 2015 |  |  | October 31, 2014 |
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Forward currency contracts |  | Other income, net |  | $ | 7,703 |  | $ | 3,555 |
Cross currency contracts |  | Other income, net |  |  | 1,400 |  |  | 951 |
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Total |  |  |  | $ | 9,103 |  | $ | 4,506 |
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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 |
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|  | Assets |  | Liabilities |
October 31, 2015 |  |  | Gross Amounts of Recognized Assets |  |  | Gross Liabilities Offset in the Balance Sheet |  |  | Net Amount of Assets Presented in the Balance Sheet |  |  | Gross Amounts of Recognized Liabilities |  |  | Gross Assets offset in the Balance Sheet |  |  | Net Amount of Liabilities Presented in the Balance Sheet |
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Forward currency contracts |  | $ | 3,380 |  | $ | (207 | ) | $ | 3,173 |  | $ | (1,711 | ) |  | – |  | $ | (1,711 | )
Cross currency contracts |  |  | 2,136 |  |  | – |  |  | 2,136 |  |  | (134 | ) |  | – |  |  | (134 | )
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Total |  | $ | 5,516 |  | $ | (207 | ) | $ | 5,309 |  | $ | (1,845 | ) |  | – |  | $ | (1,845 | )
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|  | Assets |  | Liabilities |
October 31, 2014 |  |  | Gross Amounts of Recognized Assets |  |  | Gross Liabilities Offset in the Balance Sheet |  |  | Net Amount of Assets Presented in the Balance Sheet |  |  | Gross Amounts of Recognized Liabilities |  |  | Gross Assets offset in the Balance Sheet |  |  | Net Amount of Liabilities Presented in the Balance Sheet |
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Forward currency contracts |  | $ | 6,265 |  | $ | (235 | ) | $ | 6,030 |  | $ | (9 | ) |  | – |  | $ | (9 | )
Cross currency contracts |  |  | 831 |  |  | – |  |  | 831 |  |  | (536 | ) |  | – |  |  | (536 | )
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Total |  | $ | 7,096 |  | $ | (235 | ) | $ | 6,861 |  | $ | (545 | ) |  | – |  | $ | (545 | )
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Assets and liabilities measured at fair value on a recurring basis |
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October 31, 2015 |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
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Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 126,275 |  | $ | 126,275 |  | $ | – |  |  | – |
Forward currency contracts |  |  | 3,173 |  |  | – |  |  | 3,173 |  |  | – |
Cross currency contracts |  |  | 2,136 |  |  | – |  |  | 2,136 |  |  | – |
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Total assets |  | $ | 131,584 |  | $ | 126,275 |  | $ | 5,309 |  |  | – |
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Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Forward currency contracts |  | $ | 1,711 |  |  | – |  | $ | 1,711 |  |  | – |
Cross currency contracts |  |  | 134 |  |  | – |  |  | 134 |  |  | – |
Deferred compensation liabilities |  |  | 1,652 |  |  | – |  |  | 1,652 |  |  | – |
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Total liabilities |  | $ | 3,497 |  |  | – |  | $ | 3,497 |  |  | – |
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October 31, 2014 |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
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Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 314,873 |  | $ | 314,873 |  | $ | – |  |  | – |
Forward currency contracts |  |  | 6,030 |  |  | – |  |  | 6,030 |  |  | – |
Cross currency contracts |  |  | 831 |  |  | – |  |  | 831 |  |  | – |
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Total assets |  | $ | 321,734 |  | $ | 314,873 |  | $ | 6,861 |  |  | – |
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Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Forward currency contracts |  | $ | 9 |  |  | – |  | $ | 9 |  |  | – |
Cross currency contracts |  |  | 536 |  |  | – |  |  | 536 |  |  | – |
Deferred compensation liabilities |  |  | 2,141 |  |  | – |  |  | 2,141 |  |  | – |
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Total liabilities |  | $ | 2,686 |  |  | – |  | $ | 2,686 |  |  | – |
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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