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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Jan. 31, 2018

Schedule of Fair Value of Derivative Instruments

As of January 31, 2018 and October 31, 2017, all derivative instruments were recorded at fair value on our Consolidated Balance Sheets as follows (in thousands):

January 31, 2018

October 31, 2017

Balance Sheet

Fair

Balance Sheet

Fair

Derivatives

Location

Value

Location

Value

Designated as Hedging Instruments:

Foreign exchange forward contracts

Derivative assets

$

768

Derivative assets

$

305

Foreign exchange forward contracts

Derivative liabilities

$

2,677

Derivative liabilities

$

1,508

Not Designated as Hedging Instruments:

Foreign exchange forward contracts

Derivative assets

$

596

Derivative assets

$

291

Foreign exchange forward contracts

Derivative liabilities

$

1,479

Derivative liabilities

$

224

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 January 31, 2018 (in thousands):

		Foreign
		Currency				Cash Flow
		Translation				Hedges				Total
Balance, October 31, 2017		$	(7,409)			$	(781)			$	(8,190)
Other comprehensive income (loss) before reclassifications			5,065				(1,142)				3,923
Reclassifications			—				(222)				(222)
Balance, January 31, 2018		$	(2,344)			$	(2,145)			$	(4,489)

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 January 31, 2018 and 2017 (in thousands):

Location of

Amount of Gain

Gain (Loss)

Amount of Gain

(Loss) Recognized in

Reclassified

(Loss) Reclassified

Other

from Other

from Other

Comprehensive

Comprehensive

Comprehensive

Derivatives

Income (Loss)

Income (Loss)

Income (Loss)

Three Months Ended

Three Months Ended

January 31,

January 31,

2018

2017

2018

2017

Designated as Hedging Instruments:

(Effective portion)

Foreign exchange forward contracts – Intercompany sales/purchases

$

(1,142)

$

329

Cost of sales and service

$

222

$

(209)

Foreign exchange forward contract – Net investment

$

(166)

$

39

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

Schedule of Derivatives Not Designated as Hedging Instruments

We recognized the following losses and gains in our Condensed Consolidated Statements of Income during the three months ended January 31, 2018 and 2017 on derivative instruments not designated as hedging instruments (in thousands):

		Location of Gain
		(Loss) Recognized		Amount of Gain (Loss)
Derivatives		in Operations		Recognized in Operations
				Three Months Ended
				January 31,
				2018				2017
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other income (expense), net		$	(1,256)			$	790

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=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

Reference 2: 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=84234895&loc=SL5618551-113959

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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 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

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+ References

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-Publisher FASB
-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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