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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Jan. 31, 2025

Schedule of fair value of derivative instruments

As of January 31, 2025 and October 31, 2024, all derivative instruments were recorded at fair value on our Condensed Consolidated Balance Sheets as follows (in thousands):

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	January 31, 2025				​	October 31, 2024				​
​	​	Balance Sheet	​	Fair		​	Balance Sheet	​	Fair		​
Derivatives		Location		Value			Location		Value
Designated as Hedging Instruments:	​		​	​		​		​	​		​
Foreign exchange forward contracts	​	Derivative assets	​	$	449	​	Derivative assets	​	$	165	​
Foreign exchange forward contracts	​	Derivative liabilities	​	$	574	​	Derivative liabilities	​	$	430	​
​	​		​		​	​	​	​			​
Not Designated as Hedging Instruments:	​		​		​	​	​	​	​		​
Foreign exchange forward contracts	​	Derivative assets	​	$	76	​	Derivative assets	​	$	158	​
Foreign exchange forward contracts	​	Derivative liabilities	​	$	1,243	​	Derivative liabilities	​	$	275	​

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, 2025 and 2024 (in thousands):

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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

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from Other

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Comprehensive

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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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Three Months Ended

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Three Months Ended

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January 31,

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January 31,

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Derivatives

2025

2024

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2025

2024

Designated as Hedging Instruments:

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(Effective Portion)

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Foreign exchange forward contracts – Intercompany sales/purchases

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$

(96)

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$

18

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Cost of sales and service

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$

(522)

$

(212)

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Foreign exchange forward contract – Net investment

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$

106

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$

(55)

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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, 2025 (in thousands):

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​	​	​	​	​	​	​	​	​	​
​	​	Foreign		​	Cash		​	​	​
​	​	Currency		​	Flow		​	​	​
​		Translation			Hedges			Total
Balance, October 31, 2024	​	$	(14,511)		$	(1,883)	​	$	(16,394)
Other comprehensive income (loss) before reclassifications	​		(5,394)	​		(96)	​		(5,490)
Reclassifications	​		—	​		522	​		522
Deferred income tax valuation allowances	​		—	​		27	​		27
Balance, January 31, 2025	​	$	(19,905)		$	(1,430)	​	$	(21,335)

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Not Designated as Hedging Instrument

Schedule of derivative instruments not designated as hedging instruments

We recognized the following gains and losses in our Condensed Consolidated Statements of Operations during the three months ended January 31, 2025 and 2024 on derivative instruments not designated as hedging instruments (in thousands):

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​	​	Location of Gain	​	​	​	​	​	​	​
​	​	(Loss) Recognized	​	Amount of Gain (Loss)					​
Derivatives	​	in Operations	​	Recognized in Operations					​
​	​	​	​	Three Months Ended					​
​	​	​	​	January 31,					​
Derivatives		​		2025			2024
Not Designated as Hedging Instruments:				​			​	​
Foreign exchange forward contracts		Other (expense) income, net	​	$	(1,093)		$	444

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

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