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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Jul. 31, 2021

Schedule of Fair Value of Derivative Instruments

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	July 31, 2021				​	October 31, 2020				​
​	​	Balance Sheet	​	Fair		​	Balance Sheet	​	Fair		​
Derivatives		Location		Value			Location		Value
Designated as Hedging Instruments:	​		​	​		​		​	​		​
Foreign exchange forward contracts	​	Derivative assets	​	$	177	​	Derivative assets	​	$	495	​
Foreign exchange forward contracts	​	Derivative liabilities	​	$	697	​	Derivative liabilities	​	$	279	​
​	​		​		​	​	​	​			​
Not Designated as Hedging Instruments:	​		​		​	​	​	​	​		​
Foreign exchange forward contracts	​	Derivative assets	​	$	267	​	Derivative assets	​	$	473	​
Foreign exchange forward contracts	​	Derivative liabilities	​	$	212	​	Derivative liabilities	​	$	593	​

Schedule of derivative instruments not designated as hedging instruments

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​	​	​	​	​	​	​	​	​
​	​	Location of Gain	​	​	​	​	​	​
​	​	(Loss) Recognized	​	Amount of Gain (Loss)
Derivatives		in Operations	​	Recognized in Operations
​	​	​	​	Three Months Ended
​	​	​	​	July 31,
​	​	​		2021			2020
Not Designated as Hedging Instruments:				​			​	​
Foreign exchange forward contracts		Other expense, net	​	$	602		$	(1,784)

​

​	​	​	​	​	​	​	​	​	​
​	​	Location of Gain	​	​	​	​	​	​	​
​	​	(Loss) Recognized	​	Amount of Gain (Loss)					​
Derivatives	​	in Operations	​	Recognized in Operations					​
​	​	​	​	Nine Months Ended					​
​	​	​	​	July 31,					​
Derivatives		​		2021			2020
Not Designated as Hedging Instruments:				​			​	​
Foreign exchange forward contracts		Other expense, net	​	$	(801)		$	(658)

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 July 31, 2021 (in thousands):

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​	​	​	​	​	​	​	​	​	​
​	​	Foreign Currency		​	Cash Flow		​	​	​
​		Translation			Hedges			Total
Balance, April 30, 2021	​	$	233		$	(265)	​	$	(32)
Other comprehensive income (loss) before reclassifications	​		(732)	​		(277)	​		(1,009)
Reclassifications	​		—	​		20	​		20
Balance, July 31, 2021	​	$	(499)		$	(522)	​	$	(1,021)

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the nine months ended July 31, 2021 (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	Foreign Currency		​	Cash Flow		​	​	​
​	​	Translation		​	Hedges		​	​	​
​	​	Foreign		​	Cash		​	​	​
​	​	Currency		​	Flow		​	​	​
​		Translation			Hedges			Total
Balance, October 31, 2020	​	$	(4,073)		$	1,083	​	$	(2,990)
Other comprehensive income (loss) before reclassifications	​		3,574	​		(906)	​		2,668
Reclassifications	​		—	​		(699)	​		(699)
Balance, July 31, 2021	​	$	(499)		$	(522)	​	$	(1,021)

Designated as Hedging Instrument

Schedule of Effect of Derivative Instruments on the Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations

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Location of Gain

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Amount of Gain

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Amount of Gain (Loss)

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(Loss) Reclassified

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(Loss) Reclassified

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​

Recognized in Other

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from Other

​

from Other

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Comprehensive

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Comprehensive

​

Comprehensive

Derivatives

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Income (Loss)

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Income (Loss)

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Income (Loss)

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Three Months Ended

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Three Months Ended

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July 31,

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July 31,

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2021

2020

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2021

2020

Designated as Hedging Instruments:

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(Effective portion)

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​

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Foreign exchange forward contracts – Intercompany sales/purchases

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$

(277)

​

$

(480)

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Cost of sales and service

​

$

(20)

$

158

Foreign exchange forward contract – Net investment

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$

44

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$

(193)

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Location of Gain

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Amount of Gain

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​

​

Amount of Gain (Loss)

​

(Loss) Reclassified

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(Loss) Reclassified

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​

​

Recognized in Other

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from Other

​

from Other

​

​

​

Comprehensive

​

Comprehensive

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Comprehensive

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Income (Loss)

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Income (Loss)

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Income (Loss)

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Nine Months Ended

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Nine Months Ended

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July 31,

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July 31,

​

Derivatives

2021

2020

​

2021

2020

Designated as Hedging Instruments:

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​

​

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​

​

​

​

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​

​

​

​

​

(Effective Portion)

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​

​

​

​

​

​

​

​

Foreign exchange forward contracts – Intercompany sales/purchases

​

$

(906)

​

$

67

​

Cost of sales and service

​

$

699

$

268

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Foreign exchange forward contract – Net investment

​

$

(36)

​

$

(104)

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​

​

X

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
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-Section 45
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-Publisher FASB
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-Section 45
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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