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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

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

		July 31, 2019					October 31, 2018
		Balance Sheet		Fair			Balance Sheet		Fair
Derivatives		Location		Value			Location		Value
Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	1,263		Derivative assets		$	2,654
Foreign exchange forward contracts		Derivative liabilities		$	488		Derivative liabilities		$	1,616
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	693		Derivative assets		$	431
Foreign exchange forward contracts		Derivative liabilities		$	175		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 July 31, 2019 (in thousands):

		Foreign Currency			Cash Flow
		Translation			Hedges			Total
Balance, April 30, 2019		$	(10,669)		$	712		$	(9,957)
Other comprehensive income (loss) before reclassifications			(1,899)			446			(1,453)
Reclassifications			—			39			39
Balance, July 31, 2019		$	(12,568)		$	1,197		$	(11,371)

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the nine months ended July 31, 2019 (in thousands:)

		Foreign Currency			Cash Flow
		Translation			Hedges			Total
Balance, October 31, 2018		$	(10,592)		$	729		$	(9,863)
Other comprehensive income (loss) before reclassifications			(1,976)			465			(1,511)
Reclassifications			—			3			3
Balance, July 31, 2019		$	(12,568)		$	1,197		$	(11,371)

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, 2019 and 2018 (in thousands):

								Location of Gain		Amount of Gain
		Amount of Gain (Loss)						(Loss) Reclassified		(Loss) Reclassified
		Recognized in Other						from Other		from Other
		Comprehensive						Comprehensive		Comprehensive
Derivatives		Income (Loss)						Income (Loss)		Income (Loss)
		Three Months Ended								Three Months Ended
		July 31,								July 31,
		2019			2018					2019			2018
Designated as Hedging Instruments: (Effective portion)
Foreign exchange forward contracts  – Intercompany sales/purchases		$	446		$	375		Cost of sales and service		$	(39)		$	(540)
Foreign exchange forward contract  – Net investment		$	41		$	108

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, 2019 and 2018 (in thousands):

								Location of Gain		Amount of Gain
		Amount of Gain (Loss)						(Loss) Reclassified		(Loss) Reclassified
		Recognized in Other						from Other		from Other
		Comprehensive						Comprehensive		Comprehensive
Derivatives		Income (Loss)						Income (Loss)		Income (Loss)
		Nine Months Ended								Nine Months Ended
		July 31,								July 31,
		2019			2018					2019			2018
Designated as Hedging Instruments: (Effective portion)
Foreign exchange forward contracts  – Intercompany sales/purchases		$	465		$	(451)		Cost of sales and service		$	(3)		$	(733)
Foreign exchange forward contract  – Net investment		$	113		$	31

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, 2019 and 2018 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
				July 31,
				2019			2018
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other income (expense), net		$	138		$	(4)

We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the nine months ended July 31, 2019 and 2018 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
				Nine Months Ended
				July 31,
				2019			2018
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other income (expense), net		$	249		$	(1,272)

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