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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
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Jul. 31, 2013
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract] |
Schedule of Fair Value of Derivative Instruments |
|  | July 31, 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 |  | $ | 242 |  |  | Derivative assets |  | $ | 705 |
Foreign exchange forward contracts |  | Derivative liabilities |  | $ | 1,119 |  |  | Derivative liabilities |  | $ | 492 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Derivative assets |  | $ | 42 |  |  | Derivative assets |  | $ | 3 |
Foreign exchange forward contracts |  | Derivative liabilities |  | $ | 790 |  |  | 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 |
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 |
|  | Nine months ended July 31, |  |  |  |  | Nine months ended July 31, |
|  | 2013 |  |  | 2012 |  |  |  |  | 2013 |  |  | 2012 |
Designated as hedging instruments: (Effective portion) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts - Intercompany sales/purchases |  | $ | (1,088 | ) |  | $ | 4,069 |  |  | Cost of sales and service |  | $ | 1,723 |  |  | $ | (627 | )
Foreign exchange forward contract - Net investment |  | $ | (100 | ) |  | $ | 484 |  |  |  |  |  |  |  |  |  |  |
We recognized a loss of $32,000 for the nine months ended July 31, 2013, and a gain of $469,000 for the nine months ended July 31, 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 nine months ended July 31, 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 |
|  |  |  | Nine months ended July 31, |
|  |  |  | 2013 |  |  | 2012 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Other (income) expense, net |  | $ | (1,148 | ) |  | $ | 2,148 |
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 |  |  | (614 | ) |  |  | (693 | ) |  |  | (1,307 | )
Reclassifications |  |  | - |  |  |  | (1,098 | ) |  |  | (1,098 | )
Balance, July 31, 2013 |  | $ | (2,522 | ) |  | $ | (736 | ) |  | $ | (3,258 | )
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 |
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 July 31, |  |  |  |  | Three months ended July 31, |
|  | 2013 |  |  | 2012 |  |  |  |  | 2013 |  |  | 2012 |
Designated as hedging instruments: (Effective portion) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts - Intercompany sales/purchases |  | $ | (675 | ) |  | $ | 1,678 |  |  | Cost of sales and service |  | $ | 77 |  |  | $ | 88 |
Foreign exchange forward contract - Net investment |  | $ | (49 | ) |  | $ | 281 |  |  |  |  |  |  |  |  |  |  |
We did not recognize gains or losses as a result of hedges deemed ineffective for the three months ended July 31, 2013. We recognized a gain of $202,000 for the three months ended July 31, 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 July 31, 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 July 31, |
|  |  |  | 2013 |  |  | 2012 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Other (income) expense, net |  | $ | (561 | ) |  | $ | 1,099 |
Schedule of Changes in Components of Accumulated Other Comprehensive Loss |
|  | Foreign Currency Translation |  |  | Cash Flow Hedges |  |  | Total |
Balance, April 30, 2013 |  | $ | (2,002 | ) |  | $ | (257 | ) |  | $ | (2,259 | )
Other comprehensive income (loss) before reclassifications |  |  | (520 | ) |  |  | (430 | ) |  |  | (950 | )
Reclassifications |  |  | - |  |  |  | (49 | ) |  |  | (49 | )
Balance, July 31, 2013 |  | $ | (2,522 | ) |  | $ | (736 | ) |  | $ | (3,258 | )

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- Definition 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 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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