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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
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Apr. 30, 2020
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, 2020 and October 31, 2019, all derivative instruments were recorded at fair value on our Condensed Consolidated Balance Sheets as follows (in thousands):
|  | April 30, 2020 |  | October 31, 2019
|  | Balance Sheet |  | Fair |  | Balance Sheet |  | Fair
Derivatives |  | Location |  | Value |  | Location |  | Value
Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Derivative assets |  | $ | 721 |  | Derivative assets |  | $ | 751
Foreign exchange forward contracts |  | Derivative liabilities |  | $ | 10 |  | Derivative liabilities |  | $ | 99
Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Derivative assets |  | $ | 728 |  | Derivative assets |  | $ | 640
Foreign exchange forward contracts |  | Derivative liabilities |  | $ | 50 |  | Derivative liabilities |  | $ | 289
Schedule of derivative instruments not designated as hedging instruments | We recognized the following gains in our Condensed Consolidated Statements of Operations during the three months ended April 30, 2020 and 2019 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,
|  |  |  | 2020 |  | 2019
Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Other income (expense), net |  | $ | 970 |  | $ | 345
We recognized the following gains in our Condensed Consolidated Statements of Operations during the six months ended April 30, 2020 and 2019 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,
|  |  |  | 2020 |  | 2019
Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Other income (expense), net |  | $ | 1,126 |  | $ | 111
Schedule of changes in the components of Accumulated other comprehensive loss, net of tax | The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the three months ended April 30, 2020 (in thousands):
|  | Foreign Currency |  | Cash Flow |  |  |
|  | Translation |  | Hedges |  | Total
Balance, January 31, 2020 |  | $ | (9,759) |  | $ | 1,025 |  | $ | (8,734)
Other comprehensive income (loss) before reclassifications |  |  | (135) |  |  | 551 |  |  | 416
Reclassifications |  |  | — |  |  | (30) |  |  | (30)
Balance, April 30, 2020 |  | $ | (9,894) |  | $ | 1,546 |  | $ | (8,348)
The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the six months ended April 30, 2020 (in thousands):
|  | Foreign Currency |  | Cash Flow |  |  |
|  | Translation |  | Hedges |  | Total
Balance, October 31, 2019 |  | $ | (10,042) |  | $ | 1,109 |  | $ | (8,933)
Other comprehensive income (loss) before reclassifications |  |  | 148 |  |  | 547 |  |  | 695
Reclassifications |  |  | — |  |  | (110) |  |  | (110)
Balance, April 30, 2020 |  | $ | (9,894) |  | $ | 1,546 |  | $ | (8,348)
Designated as Hedging Instrument |
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 Operations, net of tax, during the three months ended April 30, 2020 and 2019 (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
|  | April 30, |  |  |  | April 30,
|  | 2020 |  | 2019 |  |  |  | 2020 |  | 2019
Designated as Hedging Instruments: (Effective portion) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts – Intercompany sales/purchases |  | $ | 551 |  | $ | 289 |  | Cost of sales and service |  | $ | 30 |  | $ | 48
Foreign exchange forward contract – Net investment |  | $ | 64 |  | $ | 74 |  |  |  |  |  |  |  |
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 Operations, net of tax, during the six months ended April 30, 2020 and 2019 (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)
|  | Six Months Ended |  |  |  | Six Months Ended
|  | April 30, |  |  |  | April 30,
|  | 2020 |  | 2019 |  |  |  | 2020 |  | 2019
Designated as Hedging Instruments: (Effective portion) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts – Intercompany sales/purchases |  | $ | 547 |  | $ | 19 |  | Cost of sales and service |  | $ | 110 |  | $ | 36
Foreign exchange forward contract – Net investment |  | $ | 89 |  | $ | 72 |  |  |  |  |  |  |  |

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