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Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jul. 29, 2016

Derivative Instruments and Hedging Activities

Schedule of fair value of derivatives and consolidated balance sheet location

		Fair Value at			Fair Value at			Fair Value at
(Dollars in thousands)		July 29, 2016			July 31, 2015			October 31, 2015
Asset Derivatives
Derivatives Designated as Hedging Instruments
Prepaid expenses and other current assets
Forward currency contracts		$	114		$	2,957		$	2,102
Cross currency contract		—			—			—
Derivatives Not Designated as Hedging Instruments
Prepaid expenses and other current assets
Forward currency contracts		532			2,663			1,071
Cross currency contract		—			2,179			2,136
Total Assets		$	646		$	7,799		$	5,309
Liability Derivatives
Derivatives Designated as Hedging Instruments
Accrued liabilities
Forward currency contracts		$	2,070		$	1,986		$	1,363
Cross currency contract		—			243			134
Derivatives Not Designated as Hedging Instruments
Accrued liabilities
Forward currency contracts		402			2			348
Cross currency contract		—			—			—
Total Liabilities		$	2,472		$	2,231		$	1,845

Schedule of impact of derivative instruments on consolidated statements of earnings for derivatives designated as cash flow hedging instruments

		Effective Portion														Ineffective Portion and excluded from Effectiveness Testing
		Gain (Loss)						Location of Gain (Loss)								Location of Gain (Loss)
		Recognized in OCI on						Reclassified from AOCL		Gain (Loss) Reclassified						Recognized in Income on		Gain (Loss) Recognized
		Derivatives						into Income		from AOCL into Income						Derivatives		in Income on Derivatives
(Dollars in thousands)		July 29,			July 31,					July 29,			July 31,					July 29,			July 31,
For the three months ended		2016			2015					2016			2015					2016			2015
Forward currency contracts		$	983		$	(654	)	Net sales		$	(192	)	$	3,258		Other income, net		$	(69	)	$	280
Forward currency contracts		(317		)	(433		)	Cost of sales		(931		)	(817		)
Cross currency contracts		—			31			Other income, net		—			(85		)
Total derivatives designated as cash flow hedges		$	666		$	(1,056	)	Total		$	(1,123	)	$	2,356		Total		$	(69	)	$	280
		July 29,			July 31,					July 29,			July 31,					July 29,			July 31,
For the nine months ended		2016			2015					2016			2015					2016			2015
Forward currency contracts		$	(1,647	)	$	(950	)	Net sales		$	1,809		$	11,188		Other income, net		$	162		$	563
Forward currency contracts		(537		)	(1,615		)	Cost of sales		(1,930		)	(1,808		)
Cross currency contracts		255			167			Other income, net		(94		)	(292		)
Total derivatives designated as cash flow hedges		$	(1,929	)	$	(2,398	)	Total		$	(215	)	$	9,088		Total		$	162		$	563

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

				Gain (Loss) Recognized in Net Earnings
		Location of Gain		Three Months Ended						Nine Months Ended
		(Loss) Recognized in		July 29,			July 31,			July 29,			July 31,
(Dollars in thousands)		Net Earnings		2016			2015			2016			2015
Forward currency contracts		Other income, net		$	788		$	(2,891	)	$	(553	)	$	8,459
Cross currency contracts		Other income, net		(8		)	139			(191		)	1,441
Total derivatives not designated as hedges				$	780		$	(2,752	)	$	(744	)	$	9,900

Schedule of effects of master netting arrangements on fair value of derivative contracts recorded in consolidated balance sheets

(Dollars in thousands)		July 29, 2016			July 31, 2015			October 31, 2015
Assets
Forward currency contracts
Gross Amounts of Recognized Assets		$	885		$	5,855		$	3,380
Gross Liabilities Offset in the Balance Sheets		(239		)	(235		)	(207		)
Net Amounts of Assets Presented in the Balance Sheets		646			5,620			3,173
Cross currency contracts
Gross Amounts of Recognized Assets		—			2,179			2,136
Gross Liabilities Offset in the Balance Sheets		—			—			—
Net Amounts of Assets Presented in the Balance Sheets		—			2,179			2,136
Total Assets		$	646		$	7,799		$	5,309
Liabilities
Forward currency contracts
Gross Amounts of Recognized Liabilities		$	(2,475	)	$	(2,220	)	$	(1,711	)
Gross Assets Offset in the Balance Sheets		3			232			—
Net Amounts of Liabilities Presented in the Balance Sheets		(2,472		)	(1,988		)	(1,711		)
Cross currency contracts
Gross Amounts of Recognized Liabilities		—			(243		)	(134		)
Gross Assets Offset in the Balance Sheets		—			—			—
Net Amounts of Liabilities Presented in the Balance Sheets		—			(243		)	(134		)
Total Liabilities		$	(2,472	)	$	(2,231	)	$	(1,845	)

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- Definition

Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

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Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Subparagraph (c)(1)
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Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

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