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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Jul. 31, 2017

Schedule of Fair Value of Derivative Instruments

As of July 31, 2017 and October 31, 2016, all derivative instruments were recorded at fair value on the balance sheets as follows (in thousands):

		July 31, 2017					October 31, 2016
		Balance Sheet		Fair			Balance Sheet		Fair
Derivatives		Location		Value			Location		Value
Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	352		Derivative assets		$	1,721
Foreign exchange forward contracts		Derivative liabilities		$	2,782		Derivative liabilities		$	173
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	30		Derivative assets		$	4
Foreign exchange forward contracts		Derivative liabilities		$	1,916		Derivative liabilities		$	365

Period One [Member]

Schedule of Changes in Components of Accumulated Other Comprehensive Loss

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the three months ended July 31, 2017 (in thousands):

		Foreign
		Currency			Cash Flow
		Translation			Hedges			Total
Balance, April 30, 2017		$	(10,169)		$	1,598		$	(8,571)
Other comprehensive income (loss) before reclassifications			3,263			(1,531)			1,732
Reclassifications			—			(562)			(562)
Balance, July 31, 2017		$	(6,906)		$	(495)		$	(7,401)

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the nine months ended July 31, 2017 (in thousands):

		Foreign
		Currency			Cash Flow
		Translation			Hedges			Total
Balance, October 31, 2016		$	(12,325)		$	1,282		$	(11,043)
Other comprehensive income (loss) before reclassifications			5,419			(1,107)			4,312
Reclassifications			—			(670)			(670)
Balance, July 31, 2017		$	(6,906)		$	(495)		$	(7,401)

Period One [Member] | Designated as Hedging Instrument [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, net of tax, during the three months ended July 31, 2017 and 2016 (in thousands):

Derivatives		Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)						Location of Gain (Loss) Reclassified from Other Comprehensive Income (Loss)		Amount of Gain (Loss) Reclassified from Other Comprehensive Income (Loss)
		Three Months Ended July 31,								Three Months Ended July 31,
		2017			2016					2017			2016
Designated as Hedging Instruments:
(Effective portion)
Foreign exchange forward contracts – Intercompany sales/purchases		$	(1,531)		$	1,277		Cost of sales and service		$	562		$	229
Foreign exchange forward contract – Net investment		$	(172)		$	59

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, net of tax, during the nine months ended July 31, 2017 and 2016 (in thousands):

Derivatives		Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)						Location of Gain (Loss) Reclassified from Other Comprehensive Income (Loss)		Amount of Gain (Loss) Reclassified from Other Comprehensive Income (Loss)
		Nine Months Ended July 31,								Nine Months Ended July 31
		2017			2016					2017			2016
Designated as Hedging Instruments:
(Effective portion)
Foreign exchange forward contracts – Intercompany sales/purchases		$	(1,107)		$	710		Cost of sales and service		$	670		$	1,703
Foreign exchange forward contract – Net investment		$	(142)		$	(21)

Period One [Member] | Not Designated as Hedging Instrument [Member]

Schedule of Derivatives Not Designated as Hedging Instruments

We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the three months ended July 31, 2017 and 2016 on derivative instruments not designated as hedging instruments (in thousands):

Derivatives		Location of Gain (Loss) Recognized in Operations		Amount of Gain (Loss) Recognized in Operations
				Three Months Ended July 31,
				2017			2016
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other (income) expense, net		$	(2,402)		$	1,156

We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the nine months ended July 31, 2017 and 2016 on derivative instruments not designated as hedging instruments (in thousands):

Derivatives		Location of Gain (Loss) Recognized in Operations		Amount of Gain (Loss) Recognized in Operations
				Nine Months Ended July 31,
				2017			2016
Not designated as hedging instruments:
Foreign exchange forward contracts		Other (income) expense, net		$	(1,447)		$	56

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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=84228862&loc=SL7669686-108580

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+ References

Reference 1: 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=84234895&loc=SL5624171-113959

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 4A
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+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

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+ References

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

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