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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 3 Months Ended
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Jan. 31, 2024
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES |
Schedule of Fair Value of Derivative Instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 31, 2024 | ​ | October 31, 2023 | ​
​ | ​ | Balance Sheet | ​ | Fair | ​ | Balance Sheet | ​ | Fair | ​
Derivatives |  | Location |  | Value |  | Location |  | Value |
Designated as Hedging Instruments: | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​
Foreign exchange forward contracts | ​ | Derivative assets | ​ | $ | 276 | ​ | Derivative assets | ​ | $ | 363 | ​
Foreign exchange forward contracts | ​ | Derivative liabilities | ​ | $ | 623 | ​ | Derivative liabilities | ​ | $ | 1,232 | ​
​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ |  |  | ​
Not Designated as Hedging Instruments: | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​
Foreign exchange forward contracts | ​ | Derivative assets | ​ | $ | 492 | ​ | Derivative assets | ​ | $ | 377 | ​
Foreign exchange forward contracts | ​ | Derivative liabilities | ​ | $ | 197 | ​ | Derivative liabilities | ​ | $ | 589 | ​
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 January 31, 2024 and 2023 (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
​ | ​ | January 31, | ​ | ​ | ​ | January 31,
​ |  | 2024 |  | 2023 |  | ​ |  | 2024 |  | 2023
Designated as Hedging Instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Effective portion) |  | ​ |  | ​ | ​ | ​ | ​ |  | ​ | ​ |  |  | ​ | ​
Foreign exchange forward contracts – Intercompany sales/purchases | ​ | $ | 18 | ​ | $ | (166) | ​ | Cost of sales and service | ​ | $ | (212) |  | $ | 82
Foreign exchange forward contract – Net investment | ​ | $ | (55) | ​ | $ | (199) | ​ |  | ​ |  |  |  |  |
Schedule of derivative instruments not designated as hedging instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location of Gain | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | (Loss) Recognized | ​ | Amount of Gain (Loss)
Derivatives |  | in Operations | ​ | Recognized in Operations
​ | ​ | ​ | ​ | Three Months Ended
​ | ​ | ​ | ​ | January 31,
​ | ​ | ​ |  | 2024 |  | 2023
Not Designated as Hedging Instruments: |  |  |  | ​ |  |  | ​ | ​
Foreign exchange forward contracts |  | Other (expense) income, net | ​ | $ | 444 |  | $ | (355)
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 January 31, 2024 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Foreign Currency | ​ | Cash Flow | ​ | ​ | ​
​ |  | Translation |  | Hedges |  | Total
Balance, October 31, 2023 | ​ | $ | (17,985) |  | $ | (2,219) | ​ | $ | (20,204)
Other comprehensive income (loss) before reclassifications | ​ |  | 4,500 | ​ |  | 18 | ​ |  | 4,518
Reclassifications | ​ |  | — | ​ |  | 212 | ​ |  | 212
Balance, January 31, 2024 | ​ | $ | (13,485) |  | $ | (1,989) | ​ | $ | (15,474)
​

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