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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Apr. 30, 2013

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]

Schedule of Fair Value of Derivative Instruments

April 30, 2013

October 31, 2012

Balance sheet

Fair

Balance sheet

Fair

Derivatives

Location

value

location

value

Designated as hedging instruments:

Foreign exchange forward contracts

Derivative assets

$

290

Derivative assets

$

705

Foreign exchange forward contracts

Derivative liabilities

$

829

Derivative liabilities

$

492

Not designated as hedging instruments:

Foreign exchange forward contracts

Derivative assets

$

77

Derivative assets

$

3

Foreign exchange forward contracts

Derivative liabilities

$

348

Derivative liabilities

$

77

Period One [Member]

Statement [Line Items]

Schedule of Effect of Derivative Instruments on the Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations

Derivative instruments had the following effects (before tax) on our Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Income, Comprehensive Income and Changes in Shareholders' Equity during the six months ended April 30, 2013 and 2012 (in thousands):

Derivatives		Amount of gain (loss) recognized in Other comprehensive loss								Location of gain (loss) reclassified from Other comprehensive loss		Amount of gain (loss) reclassified from Other comprehensive loss
		Six months ended April 30,										Six months ended April 30,
		2013				2012						2013				2012
Designated as hedging instruments: (Effective portion)
Foreign exchange forward contracts
- Intercompany sales/purchases		$	(413	)		$	2,391			Cost of sales and service		$	1,646			$	(715	)
Foreign exchange forward contract
- Net investment		$	(51	)		$	203

We recognized a loss of $32,000 for the six months ended April 30, 2013, and a gain of $267,000 for the six months ended April 30, 2012 as a result of contracts closed early that were deemed ineffective for financial reporting purposes and did not qualify as cash flow hedges. We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the six months ended April 30, 2013 and 2012 (in thousands) on derivative instruments not designated as hedging instruments:

Derivatives		Location of gain (loss) recognized in operations		Amount of gain (loss) Recognized in operations
				Six months ended April 30,
				2013				2012
Not designated as hedging instruments:
Foreign exchange forward contracts		Other (income) expense, net		$	(587	)		$	1,049

Schedule of Changes in Components of Accumulated Other Comprehensive Loss

		Foreign Currency Translation				Cash Flow Hedges				Total
Balance, October 31, 2012		$	(1,908	)		$	1,055			$	(853	)
Other comprehensive income (loss) before reclassifications			(94	)			(263	)			(357	)
Reclassifications			-				(1,049	)			(1,049	)
Balance, April 30, 2013		$	(2,002	)		$	(257	)		$	(2,259	)

Period Two [Member]

Statement [Line Items]

Schedule of Effect of Derivative Instruments on the Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations

Derivative instruments had the following effects (before tax) on our Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Income, Comprehensive Income and Changes in Shareholders' Equity during the three months ended April 30, 2013 and 2012 (in thousands):

Derivatives		Amount of gain (loss) recognized in Other comprehensive loss								Location of gain (loss) reclassified from Other comprehensive loss		Amount of gain (loss) reclassified from Other comprehensive loss
		Three months ended April 30,										Three months ended April 30,
		2013				2012						2013				2012
Designated as hedging instruments: (Effective portion)
Foreign exchange forward contracts
- Intercompany sales/purchases		$	1,131			$	(312	)		Cost of sales and service		$	693			$	(39	)
Foreign exchange forward contract
- Net investment		$	122			$	(46	)

We recognized a gain of $32,000 for the three months ended April 30, 2013, and a gain of $89,000 for the three months ended April 30, 2012 as a result of contracts closed early that were deemed ineffective for financial reporting purposes and did not qualify as cash flow hedges. We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the three months ended April 30, 2013 and 2012 (in thousands) on derivative instruments not designated as hedging instruments:

Derivatives		Location of gain (loss) recognized in operations		Amount of gain (loss) Recognized in operations
				Three months ended April 30,
				2013				2012
Not designated as hedging instruments:
Foreign exchange forward contracts		Other (income) expense, net		$	501			$	(232	)

Schedule of Changes in Components of Accumulated Other Comprehensive Loss

		Foreign Currency Translation				Cash Flow Hedges				Total
Balance, January 31, 2013		$	(1,048	)		$	(536	)		$	(1,584	)
Other comprehensive income (loss) before reclassifications			(954	)			721				(233	)
Reclassifications			-				(442	)			(442	)
Balance, April 30, 2013		$	(2,002	)		$	(257	)		$	(2,259	)

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Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

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Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References

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-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

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-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959



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-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959



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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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