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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Apr. 30, 2018

Schedule of Fair Value of Derivative Instruments

We recognize the fair value of derivative instruments as assets and liabilities on a gross basis on our Condensed Consolidated Balance Sheets. As of April 30, 2018 and October 31, 2017, all derivative instruments were recorded at fair value on our Consolidated Balance Sheets as follows (in thousands):

		April 30, 2018					October 31, 2017
		Balance Sheet					Balance Sheet		Fair
Derivatives		Location		Fair Value			Location		Value
Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	593		Derivative assets		$	305
Foreign exchange forward contracts		Derivative liabilities		$	1,139		Derivative liabilities		$	1,508
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	366		Derivative assets		$	291
Foreign exchange forward contracts		Derivative liabilities		$	738		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 April 30, 2018 (in thousands:)

		Foreign
		Currency			Cash Flow
		Translation			Hedges			Total
Balance, January 31, 2018		$	(2,344)		$	(2,145)		$	(4,489)
Other comprehensive income (loss) before reclassifications			(2,222)			316			(1,906)
Reclassifications			—			415			415
Balance, April 30, 2018		$	(4,566)		$	(1,414)		$	(5,980)

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the six months ended April 30, 2018 (in thousands:)

		Foreign			Cash
		Currency			Flow
		Translation			Hedges			Total
Balance, October 31, 2017		$	(7,409)		$	(781)		$	(8,190)
Other comprehensive income (loss) before reclassifications			2,843			(826)			2,017
Reclassifications			—			193			193
Balance, April 30, 2018		$	(4,566)		$	(1,414)		$	(5,980)

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 April 30, 2018 and 2017 (in thousands):

								Location of
								Gain (Loss)
		Amount of Gain						Reclassified		Amount of Gain (Loss)
		(Loss) Recognized in						from Other		Reclassified from Other
		Other Comprehensive						Comprehensive		Comprehensive
Derivatives		Income (Loss)						Income (Loss)		Income (Loss)
		Three Months Ended April 30,								Three Months Ended April 30,
		2018			2017					2018			2017
Designated as Hedging Instruments:
(Effective portion)
Foreign exchange forward contracts – Intercompany sales/purchases		$	316		$	95		Cost of sales and service		$	(415)		$	317
Foreign exchange forward contract – Net investment		$	89		$	(9)

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 six months ended April 30, 2018 and 2017 (in thousands):

Location of

Gain (Loss)

Amount of Gain

Amount of Gain

Reclassified

(Loss) Reclassified

(Loss) Recognized in

from Other

from Other

Other Comprehensive

Comprehensive

Comprehensive

Derivatives

Income (Loss)

Income (Loss)

Income (Loss)

Six Months Ended

Six Months Ended

April 30,

April 30

2018

2017

2018

2017

Designated as Hedging Instruments:

(Effective portion)

Foreign exchange forward contracts – Intercompany sales/purchases

$

(826)

$

424

Cost of sales and service

$

(193)

$

108

Foreign exchange forward contract – Net investment

$

(77)

$

30

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 April 30, 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 April 30,
				2018			2017
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other expense, net		$	(12)		$	165

We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the six months ended April 30, 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
				Six Months Ended April 30,
				2018			2017
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other expense, net		$	(1,268)		$	955

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- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
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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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