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Accumulated Other Comprehensive Loss
 12 Months Ended
Oct. 31, 2020
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss

19.Accumulated Other Comprehensive Loss

 

The components of accumulated other comprehensive loss, net of tax, for the years ended October 31, 2020, 2019 and 2018 were as follows:

 

(in thousands)

Unamortized Net Losses on Cash Flow Hedges(1)

Net Unrealized Gains on Available-for-Sale Investments

Foreign Currency Translation Adjustments(2)

Total

 

Balance at October 31, 2017

$

301

$

4,128

$

(51,903)

$

(47,474)

 

 

Other comprehensive income (loss),

 

 

 

 

 

 

 

 

 

 

before reclassifications and tax

 

-

 

2,409

 

(5,192)

 

(2,783)

 

 

Tax impact

 

-

 

(699)

 

-

 

(699)

 

 

Reclassification adjustments, before tax

 

(132)

 

(2,940)

 

-

 

(3,072)

 

 

Tax impact

 

31

 

816

 

-

 

847

 

 

Net current period other comprehensive

 

 

 

 

 

 

 

 

 

 

loss

 

(101)

 

(414)

 

(5,192)

 

(5,707)

 

Balance at October 31, 2018

$

200

$

3,714

$

(57,095)

$

(53,181)

 

 

Cumulative effect adjustment upon

 

 

 

 

 

 

 

 

 

 

adoption of new accounting standard

 

 

 

 

 

 

 

 

 

 

(ASU 2016-01)(3)

 

-

 

(3,714)

 

-

 

(3,714)

 

Balance at November 1, 2018, as adjusted

 

200

 

-

 

(57,095)

 

(56,895)

 

 

Other comprehensive loss, before

 

 

 

 

 

 

 

 

 

 

reclassifications and tax

 

-

 

-

 

(1,322)

 

(1,322)

 

 

Reclassification adjustments, before tax

 

(133)

 

-

 

-

 

(133)

 

 

Tax impact

 

33

 

-

 

-

 

33

 

 

Net current period other comprehensive

 

 

 

 

 

 

 

 

 

 

loss

 

(100)

 

-

 

(1,322)

 

(1,422)

 

Balance at October 31, 2019

$

100

$

-

$

(58,417)

$

(58,317)

 

 

Other comprehensive loss, before

 

 

 

 

 

 

 

 

 

 

reclassifications and tax

 

-

 

-

 

(4,859)

 

(4,859)

 

 

Reclassification adjustments, before tax

 

(219)

 

-

 

-

 

(219)

 

 

Tax impact

 

119

 

-

 

-

 

119

 

 

Net current period other comprehensive

 

 

 

 

 

 

 

 

 

 

loss

 

(100)

 

-

 

(4,859)

 

(4,959)

 

Balance at October 31, 2020

$

-

$

-

$

(63,276)

$

(63,276)

(1) Amounts reclassified from accumulated other comprehensive loss, net of tax, represent the amortization of net gains on qualifying derivative financial instruments formerly designated as cash flow hedges.(2) Balances at October 31, 2020, 2019 and 2018, respectively, include cumulative foreign currency translation losses of $58.2 million, $54.3 million and $52.5 million with respect to the Company’s wholly-owned Canadian subsidiary, EVMC.(3) Upon adoption of ASU 2016-01 on November 1, 2018, unrealized holding gains, net of related income tax effects, attributable to investments in non-consolidated sponsored funds and other investments previously classified as available-for-sale investments were reclassified from accumulated other comprehensive loss to retained earnings.