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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Apr. 30, 2019

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, 2019 and October 31, 2018, all derivative instruments were recorded at fair value on our Consolidated Balance Sheets as follows (in thousands):

		April 30, 2019						October 31, 2018
Derivatives		Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	1,074			Derivative assets		$	2,654
Foreign exchange forward contracts		Derivative liabilities		$	729			Derivative liabilities		$	1,616
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	440			Derivative assets		$	431
Foreign exchange forward contracts		Derivative liabilities		$	232			Derivative liabilities		$	404

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, 2019 (in thousands):

		Foreign Currency Translation				Cash Flow Hedges				Total
Balance, January 31, 2019		$	(9,283	)		$	471			$	(8,812	)
Other comprehensive income (loss) before reclassifications			(1,386	)			289				(1,097	)
Reclassifications			—				(48	)			(48	)
Balance, April 30, 2019		$	(10,669	)		$	712			$	(9,957	)

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the six months ended April 30, 2019 (in thousands:)

		Foreign Currency Translation				Cash Flow Hedges				Total
Balance, October 31, 2018		$	(10,592	)		$	729			$	(9,863	)
Other comprehensive income (loss) before reclassifications			(77	)			19				(58	)
Reclassifications			—				(36	)			(36	)
Balance, April 30, 2019		$	(10,669	)		$	712			$	(9,957	)

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, 2019 and 2018 (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 April 30,										Three Months Ended April 30,
		2019				2018						2019				2018
Designated as Hedging Instruments:
(Effective portion)
Foreign exchange forward contracts – Intercompany sales/purchases		$	289			$	316			Cost of sales and service		$	48			$	(415	)
Foreign exchange forward contract – Net investment		$	74			$	89

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, 2019 and 2018 (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)
		Six Months Ended April 30,										Six Months Ended April 30,
		2019				2018						2019				2018
Designated as Hedging Instruments:
(Effective portion)
Foreign exchange forward contracts – Intercompany sales/purchases		$	19			$	(826	)		Cost of sales and service		$	36			$	(193	)
Foreign exchange forward contract – Net investment		$	72			$	(77	)

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, 2019 and 2018 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 April 30,
				2019				2018
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other income (expense), net		$	345			$	(12	)

We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the six months ended April 30, 2019 and 2018 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
				Six Months Ended April 30,
				2019				2018
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other income (expense), net		$	111			$	(1,268	)

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