XML 36 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9
Derivative Instruments (Tables)
6 Months Ended
Apr. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Location in Financial Performance and Financial Position
We have not designated any of our derivative contracts as hedges for accounting purposes in accordance with the provisions under the Accounting Standards Codification topic 815 "Derivatives and Hedging" (ASC 815). Therefore, changes in the fair value of these contracts and the realized gains and losses are recorded in the condensed consolidated statements of income (loss) for the three- and six-month periods ended April 30, 2015 and 2014 as follows (in thousands):
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
April 30,
 
April 30,
Location of (Loss) Gain:
 
 
2015
 
2014
 
2015
 
2014
Other, net
Foreign currency derivatives
 
$
(38
)
 
$
(208
)
 
$
614

 
$
(94
)

We have chosen not to offset any of our derivative instruments in accordance with the provisions of ASC 815. Therefore, the assets and liabilities are presented on a gross basis on our accompanying condensed consolidated balance sheets.
The fair values of our outstanding derivative contracts as of April 30, 2015 and October 31, 2014 were as follows (in thousands):
 
April 30, 2015
 
October 31, 2014
Prepaid and other current assets:
 
 
 
Foreign currency derivatives
$
298

 
$
69

Accrued liabilities:
 
 
 
Foreign currency derivatives
$
(2
)
 
$

Schedule of Notional Amounts of Oustanding Derivative Positions
The following table summarizes the notional amounts and fair value of outstanding derivative contracts at April 30, 2015 and October 31, 2014 (in thousands):
 
 
Notional as indicated
 
Fair Value in $
 
 
April 30,
2015
 
October 31,
2014
 
April 30,
2015
 
October 31,
2014
Foreign currency derivatives:
 
 
 
 
 
 
 
 
Sell EUR, buy USD
EUR
7,555

 
$
4,907

 
$
289

 
$
68

Sell CAD, buy USD
CAD
296

 
331

 
2

 
1

Sell GBP, buy USD
GBP
267

 

 
6

 

Buy EUR, sell GBP
EUR
97




(2
)


Buy USD, sell EUR
USD
23

 

 
1

 

Buy GBP, sell EUR
GBP
5

 

 
$