Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Oct. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of derivatives and consolidated balance sheet location

The following table presents the fair value and location of the company’s derivative instruments on the Consolidated Balance Sheets (in thousands):

Fair Value as of October 31	2020		2019
Derivative assets:
Derivatives designated as cash flow hedging instruments:
Prepaid expenses and other current assets
Forward currency contracts	$	802	$	8,642
Derivatives not designated as cash flow hedging instruments:
Prepaid expenses and other current assets
Forward currency contracts	131		2,256
Total assets	$	933	$	10,898
Derivative liabilities:
Derivatives designated as cash flow hedging instruments:
Accrued liabilities
Forward currency contracts	$	2,687	$	—
Derivatives not designated as cash flow hedging instruments:
Accrued liabilities
Forward currency contracts	(203)		9
Total liabilities	$	2,484	$	9

Schedule of effects of the master netting arrangements on the fair value of the company's derivative contracts that are recorded in the Consolidated Balance Sheets

The following table presents the effects of the master netting arrangements on the fair value of the company’s derivative instruments that are recorded on the Consolidated Balance Sheets (in thousands):

Fair Value as of October 31	2020		2019
Derivative assets:
Forward currency contracts:
Gross amounts of recognized assets	$	1,139	$	11,056
Gross liabilities offset in the Consolidated Balance Sheets	(206)		(158)
Net amounts of assets presented in the Consolidated Balance Sheets	$	933	$	10,898
Derivative liabilities:
Forward currency contracts:
Gross amounts of recognized liabilities	$	(3,233)	$	(9)
Gross assets offset in the Consolidated Balance Sheets	749		—
Net amounts of liabilities presented in the Consolidated Balance Sheets	$	(2,484)	$	(9)

Schedule of impact of derivative instruments on consolidated statements of earnings for derivatives designated as cash flow hedging instruments

The following table presents the impact and location of the amounts reclassified from AOCL into net earnings on the Consolidated Statements of Earnings and the impact of derivative instruments on the Consolidated Statements of Comprehensive Income for the company's derivatives designated as cash flow hedging instruments (in thousands):

	Gain Reclassified from AOCL into Income				(Loss) Recognized in OCI on Derivatives
Fiscal Years Ended October 31	2020		2019		2020		2019
Derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Net sales	$	5,023	$	5,732	$	(8,232)	$	(2,268)
Cost of sales	651		814		(253)		(230)
Total derivatives designated as cash flow hedging instruments	$	5,674	$	6,546	$	(8,485)	$	(2,498)

The following tables present the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives designated as cash flow hedging instruments and the related components excluded from hedge effectiveness testing (in thousands):

	Gain Recognized in Earnings on Cash Flow Hedging Instruments
Fiscal Year Ended October 31, 2020	Net Sales		Cost of Sales
Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded	$	3,378,810	$	(2,189,036)
Gain on derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Amount of gain reclassified from AOCL into earnings	5,023		651
Gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value	$	3,229	$	313

	Gain Recognized in Earnings on Cash Flow Hedging Instruments
Fiscal Year Ended October 31, 2019	Net Sales		Cost of Sales
Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded	$	3,138,084	$	(2,090,121)
Gain on derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Amount of gain reclassified from AOCL into earnings	5,732		814
Gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value	$	5,358	$	135

Derivatives not designated as hedging instruments

The following table presents the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives not designated as cash flow hedging instruments (in thousands):

Fiscal Years Ended October 31	2020		2019
Loss on derivative instruments not designated as cash flow hedging instruments:
Forward currency contracts:
Other income, net	$	(5,792)	$	(2,087)
Total loss on derivatives not designated as cash flow hedging instruments	$	(5,792)	$	(2,087)