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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

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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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.

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