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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
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Jul. 31, 2014
Schedule of Fair Value of Derivative Instruments |
|  | July 31, 2014 |  | October 31, 2013
|  | Balance sheet |  | Fair |  |  | Balance sheet |  | Fair |
Derivatives |  | location |  | value |  |  | location |  | value |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Derivative assets |  | $ | 603 |  |  | Derivative assets |  | $ | 244 |
Foreign exchange forward contracts |  | Derivative liabilities |  | $ | 505 |  |  | Derivative liabilities |  | $ | 1,158 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Derivative assets |  | $ | 586 |  |  | Derivative assets |  | $ | 455 |
Foreign exchange forward contracts |  | Derivative liabilities |  | $ | 163 |  |  | Derivative liabilities |  | $ | 54 |
Period One [Member] |
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 on our Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Changes in Shareholders' Equity and Condensed Consolidated Statements of Income during the three months ended July 31, 2014 and 2013 (in thousands):
|  | Amount of Gain (Loss) |  |  | Location of Gain |  | Amount of Gain (Loss) |
|  | Recognized in Other |  |  | (Loss) Reclassified from Other |  | Reclassified from Other |
Derivatives |  | Comprehensive Income |  |  | Comprehensive Income |  | Comprehensive Income |
|  | Three months ended |  |  |  |  | Three months ended |
|  | July 31, |  |  |  |  | July 31, |
|  | 2014 |  |  | 2013 |  |  |  |  | 2014 |  |  | 2013 |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Effective portion) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts - Intercompany sales/purchases |  | $ | 959 |  |  | $ | (675 | ) |  | Cost of sales and service |  | $ | (377 | ) |  | $ | 77 |
Foreign exchange forward contract - Net investment |  | $ | 143 |  |  | $ | (49 | ) |  |  |  |  |  |  |  |  |  |
We recognized a gain of $19,000 for the three months ended July 31, 2014 as a result of contracts closed early that were deemed ineffective for financial reporting purposes and did not qualify as cash flow hedges. We did not recognize gains or losses as a result of hedges deemed ineffective for the three months ended July 31, 2013. We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the three months ended July 31, 2014 and 2013 (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, |
|  |  |  | 2014 |  |  | 2013 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Other (income) expense, net |  | $ | 971 |  |  | $ | (561 | )
Schedule of Changes in Components of Accumulated Other Comprehensive Loss |
|  | Foreign |  |  |  |  |  |  |
|  | Currency |  |  | Cash Flow |  |  |  |
|  | Translation |  |  | Hedges |  |  | Total |
Balance, April 30, 2014 |  | $ | (502 | ) |  | $ | (1,698 | ) |  | $ | (2,200 | )
Other comprehensive income (loss) before reclassifications |  |  | (886 | ) |  |  | 619 |  |  |  | (267 | )
Reclassifications |  |  | - |  |  |  | 243 |  |  |  | 243 |
Balance, July 31, 2014 |  | $ | (1,388 | ) |  | $ | (836 | ) |  | $ | (2,224 | )
Period Two [Member] |
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 on our Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Changes in Shareholders' Equity and Condensed Consolidated Statements of Income during the nine months ended July 31, 2014 and 2013 (in thousands):
|  | Amount of Gain (Loss) |  |  | Location of Gain |  | Amount of Gain (Loss) |
|  | Recognized in Other |  |  | (Loss) Reclassified from Other |  | Reclassified from Other |
Derivatives |  | Comprehensive Income |  |  | Comprehensive Income |  | Comprehensive Income |
|  | Nine months ended |  |  |  |  | Nine months ended |
|  | July 31, |  |  |  |  | July 31, |
|  | 2014 |  |  | 2013 |  |  |  |  | 2014 |  |  | 2013 |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Effective portion) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts - Intercompany sales/purchases |  | $ | (918 | ) |  | $ | (1,088 | ) |  | Cost of sales and service |  | $ | (1,122 | ) |  | $ | 1,723 |
Foreign exchange forward contract - Net investment |  | $ | 61 |  |  | $ | (100 | ) |  |  |  |  |  |  |  |  |  |
We recognized a loss of $10,000 for the nine months ended July 31, 2014, and a loss of $32,000 for the nine months ended July 31, 2013 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, 2014 and 2013 (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, |
|  |  |  | 2014 |  |  | 2013 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Other (income) expense, net |  | $ | (2 | ) |  | $ | (1,148 | )
Schedule of Changes in Components of Accumulated Other Comprehensive Loss |
|  | Foreign |  |  |  |  |  |  |
|  | Currency |  |  | Cash Flow |  |  |  |
|  | Translation |  |  | Hedges |  |  | Total |
Balance, October 31, 2013 |  | $ | (1,016 | ) |  | $ | (968 | ) |  | $ | (1,984 | )
Other comprehensive income (loss) before reclassifications |  |  | (372 | ) |  |  | (592 | ) |  |  | (964 | )
Reclassifications |  |  | - |  |  |  | 724 |  |  |  | 724 |
Balance, July 31, 2014 |  | $ | (1,388 | ) |  | $ | (836 | ) |  | $ | (2,224 | )

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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=35706170&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=35706170&loc=SL5624171-113959 + Details
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- Definition 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=35706170&loc=SL5624163-113959 + Details
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