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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

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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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

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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



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

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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 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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