XML 33 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

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

July 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

$

1,689

Derivative assets

$

305

Foreign exchange forward contracts

Derivative liabilities

$

1,603

Derivative liabilities

$

1,508

Not Designated as Hedging Instruments:

Foreign exchange forward contracts

Derivative assets

$

468

Derivative assets

$

291

Foreign exchange forward contracts

Derivative liabilities

$

508

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 July 31, 2018 (in thousands):

		Foreign Currency				Cash Flow
		Translation				Hedges				Total
Balance, April 30, 2018		$	(4,566	)		$	(1,414	)		$	(5,980	)
Other comprehensive income (loss) before reclassifications			(3,689	)			375				(3,314	)
Reclassifications			—				540				540
Balance, July 31, 2018		$	(8,255	)		$	(499	)		$	(8,754	)

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the nine months ended July 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			(846	)			(451	)			(1,297	)
Reclassifications			—				733				733
Balance, July 31, 2018		$	(8,255	)		$	(499	)		$	(8,754	)

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, 2018 and 2017 (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,
		2018				2017						2018				2017
Designated as Hedging Instruments:
(Effective portion)
Foreign exchange forward contracts – Intercompany sales/purchases		$	375			$	(1,531	)		Cost of sales and service		$	(540	)		$	562
Foreign exchange forward contract – Net investment		$	144			$	(172	)

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, 2018 and 2017 (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,
		2018				2017						2018				2017
Designated as Hedging Instruments:
(Effective portion)
Foreign exchange forward contracts – Intercompany sales/purchases		$	(451	)		$	(1,107	)		Cost of sales and service		$	(733	)		$	670
Foreign exchange forward contract – Net investment		$	41			$	(142	)

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, 2018 and 2017 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,
				2018				2017
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other (income) expense, net		$	(4	)		$	(2,402	)

We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the nine months ended July 31, 2018 and 2017 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,
				2018				2017
Not designated as hedging instruments:
Foreign exchange forward contracts		Other (income) expense, net		$	(1,272	)		$	(1,447	)

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=114867106&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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4CC
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL109998890-113959

+ Details

Name:	us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_StatementClassOfStockAxis=hurc_PeriodOneMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: