XML 50 R21.htm IDEA: XBRL DOCUMENT
v2.4.1.9

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
--- | ---
Apr. 30, 2015
Schedule of Fair Value of Derivative Instruments |
|  | April 30, 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 |  | $ | 3,265 |  |  | Derivative assets |  | $ | 2,596 |
Foreign exchange forward contracts |  | Derivative liabilities |  | $ | 440 |  |  | Derivative liabilities |  | $ | 401 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Derivative assets |  | $ | 253 |  |  | Derivative assets |  | $ | 531 |
Foreign exchange forward contracts |  | Derivative liabilities |  | $ | 676 |  |  | Derivative liabilities |  | $ | 304 |
Period One [Member] |
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 Income |  |  | Location of Gain (Loss) Reclassified from Other Comprehensive Income |  | Amount of Gain (Loss) Reclassified from Other Comprehensive Income |
|  | Three Months Ended April 30 |  |  |  |  | Three Months Ended April 30, |
|  | 2015 |  |  | 2014 |  |  |  |  | 2015 |  |  | 2014 |
Designated as hedging instruments: (Effective portion) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts – Intercompany sales/purchases |  | $ | 296 |  |  | $ | (770 | ) |  | Cost of sales and service |  | $ | (8 | ) |  | $ | (225 | )
Foreign exchange forward contract – Net investment |  | $ | 9 |  |  | $ | (73 | ) |  |  |  |  |  |  |  |  |  |
We did not recognize gains or losses as a result of hedges deemed ineffective for the three months ended April 30, 2015. We recognized a loss of $10,000 for the three months ended April 30, 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 April 30, 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 April 30, |
|  |  |  | 2015 |  |  | 2014 |
|  |  |  | (in thousands) |
Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Other (income) expense, net |  | $ | 333 |  |  | $ | (935 | )
Schedule of Changes in Components of Accumulated Other Comprehensive Loss |
|  | Foreign Currency Translation |  |  | Cash Flow Hedges |  |  | Total |
Balance, January 31, 2015 |  | $ | (9,607 | ) |  | $ | 2,911 |  |  | $ | (6,696 | )
Other comprehensive income (loss) before reclassifications |  |  | 1,020 |  |  |  | 296 |  |  |  | 1,316 |
Reclassifications |  |  | — |  |  |  | 8 |  |  |  | 8 |
Balance, April 30, 2015 |  | $ | (8,587 | ) |  | $ | 3,215 |  |  | $ | (5,372 | )
Period Two [Member] |
Schedule of Effect of Derivative Instruments on the Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations |
|  | Amount of Gain (Loss) Recognized in Other |  |  | Location of Gain (Loss) Reclassified from Other |  |  | Amount of Gain (Loss) Reclassified from Other |
Derivatives |  | Comprehensive Income |  |  | Comprehensive Income |  |  | Comprehensive Income |
|  | Six Months Ended |  |  |  |  |  | Six Months Ended |
|  | April 30, |  |  |  |  |  | April 30, |
|  | 2015 |  |  | 2014 |  |  |  |  |  | 2015 |  |  | 2014 |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Effective portion) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts – Intercompany sales/purchases |  | $ | 1,852 |  |  | $ | (1,211 | ) |  |  | Cost of sales and service |  |  | $ | (372 | ) |  | $ | (481 | )
Foreign exchange forward contract – Net investment |  | $ | 248 |  |  | $ | (53 | ) |  |  |  |  |  |  |  |  |  |  |  |
We did not recognize gains or losses as a result of hedges deemed ineffective for the six months ended April 30, 2015. We recognized a loss of $29,000 for the six months ended April 30, 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 six months ended April 30, 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 |
|  |  |  | Six Months Ended April 30, |
|  |  |  | 2015 |  |  | 2014 |
|  |  |  | (in thousands) |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Other (income) expense, net |  | $ | 3,045 |  |  | $ | (973 | )
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 |  |  | (4,036 | ) |  |  | 1,852 |  |  |  | (2,184 | )
Reclassifications |  |  | — |  |  |  | 372 |  |  |  | 372 |
Balance, April 30, 2015 |  | $ | (8,587 | ) |  | $ | 3,215 |  |  | $ | (5,372 | )

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=56946850&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=56946850&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=56946850&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | hurc_PeriodAxis=hurc_PeriodOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | hurc_PeriodAxis=hurc_PeriodTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |