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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Jan. 31, 2015
Schedule of Fair Value of Derivative Instruments

 

    January 31, 2015   October 31, 2014
    Balance Sheet   Fair     Balance Sheet   Fair  
Derivatives   Location   Value     Location   Value  
Designated as hedging instruments:                        
Foreign exchange forward contracts   Derivative assets   $ 4,738     Derivative assets   $ 2,596  
Foreign exchange forward contracts   Derivative liabilities   $ 954     Derivative liabilities   $ 401  
Not designated as hedging instruments:                        
Foreign exchange forward contracts   Derivative assets   $ 2,717     Derivative assets   $ 531  
Foreign exchange forward contracts   Derivative liabilities   $ 315     Derivative liabilities   $ 304
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) Recognition in
Other Comprehensive
Income		     Location of
Gain (Loss)
Reclassified
from Other
Comprehensive
Income		   Amount of Gain
(Loss) Reclassified
from Other
Comprehensive
Income		  
    Three Months Ended
January 31,		         Three Months Ended
January 31,		  
    2015     2014         2015     2014  
Designated as hedging instruments:
(Effective portion)		                                    
                                     
Foreign exchange forward contracts – Intercompany sales/purchases   $ 1,556     $ (441 )   Cost of sales and service   $ (364 )   $ (256 )
                                     
Foreign exchange forward contract – Net investment   $ 239     $ 20                      

 

We did not recognize gains or losses as a result of hedges deemed ineffective for the three months ended January 31, 2015. We recognized a loss of $19,000 for the three months ended January 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 recognized the following gains and losses in our Condensed Consolidated Statements of Income during the three months ended January 31, 2015 and 2014 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
January 31,
2015   2014  
(in thousands)
Not Designated as Hedging Instruments:                    
Foreign exchange forward contracts   Other expense, net   $ 2,712     $ (38 )

 
Schedule of Changes in Components of Accumulated Other Comprehensive Loss


 

    Foreign
Currency
Translation		     Cash
Flow
Hedges		     Total  
                   
Balance, October 31, 2014   $ (4,551 )   $ 991     $ (3,560 )
Other comprehensive income (loss) before reclassifications     (5,056 )     1,556       (3,500 )
Reclassifications     —       364       364  
Balance, January 31, 2015   $ (9,607 )   $ 2,911     $ (6,696 )