FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Oct. 31, 2012

FINANCIAL INSTRUMENTS

Fair value of the company's derivatives and consolidated balance sheet location

  The following table presents the fair value of the company's derivatives and consolidated balance sheet location.

Asset Derivatives

Liability Derivatives

October 31, 2012

October 31, 2011

October 31, 2012

October 31, 2011

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Derivatives Designated as Hedging Instruments

Forward currency contracts

Prepaid expenses

$

635

Prepaid expenses

$

–

Accrued liabilities

$

1,359

Accrued liabilities

$

563

Cross currency swaps

Prepaid expenses

661

Prepaid expenses

–

Accrued liabilities

–

Accrued liabilities

–

Derivatives Not Designated as Hedging Instruments

Forward currency contracts

Prepaid expenses

$

360

Prepaid expenses

–

Accrued liabilities

$

755

Accrued liabilities

2,587

Cross currency swaps

Prepaid expenses

385

Prepaid expenses

–

Accrued liabilities

–

Accrued liabilities

–

Total Derivatives

$

2,041

$

–

$

2,114

$

3,150

Impact of derivative instruments on the consolidated statements of earnings for the company's derivatives designed as cash flow hedging instruments

  The following table presents the impact of derivative instruments on the consolidated statements of earnings and the consolidated statements of comprehensive income for the company's derivatives designated as cash flow hedging instruments for the fiscal years ended October 31, 2012 and 2011, respectively.

	Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)						Location of Gain (Loss) Reclassified from AOCL into Income (Effective Portion)	Gain (Loss) Reclassified from AOCL into Income (Effective Portion)						Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and excluded from Effectiveness Testing)	Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Excluded from Effectiveness Testing)
Fiscal years ended		October 31, 2012			October 31, 2011				October 31, 2012			October 31, 2011				October 31, 2012		October 31, 2011
Forward currency contracts	$	(1,751	)	$	4,001		Net sales	$	(3,561	)	$	(6,254	)	Other income, net	$	930	$	(1,049	)
Forward currency contracts		1,194			(1,335	)	Cost of sales		1,500			919
Cross currency contracts		463			–		Other income, net		133			–
Total	$	(94	)	$	2,666		Total	$	(1,928	)	$	(5,335	)

Impact of derivatives not designated as hedges on the consolidated statements of earnings

   The following table presents the impact of derivative instruments on the consolidated statements of earnings for the company's derivatives not designated as hedging instruments.

		Gain (Loss) Recognized in Net Earnings Fiscal Year Ended
	Location of Gain (Loss) Recognized in Net Earnings		October 31, 2012		October 31, 2011
Forward currency contracts	Other income, net	$	4,165	$	(6,867	)
Cross currency swaps	Other income, net		379		–
Total		$	4,544	$	(6,867	)

Assets and liabilities measured at fair value on a recurring basis

   Assets and liabilities measured at fair value on a recurring basis, as of October 31, 2012 and 2011, respectively, are summarized below:

October 31, 2012		Fair Value		Level 1		Level 2	Level 3
Assets:
Cash and cash equivalents	$	125,856	$	125,856	$	–	–
Forward currency contracts		995		–		995	–
Cross currency contracts		1,046		–		1,046	–
Total assets	$	127,897	$	125,856	$	2,041	–
Liabilities:
Forward currency contracts	$	2,114		–	$	2,114	–
Deferred compensation liabilities		3,547		–		3,547	–
Total liabilities	$	5,661		–	$	5,661	–

October 31, 2011		Fair Value		Level 1		Level 2	Level 3
Assets:
Cash and cash equivalents	$	80,886	$	80,886		–	–
Total assets	$	80,886	$	80,886		–	–
Liabilities:
Forward currency contracts	$	3,150		–	$	3,150	–
Deferred compensation liabilities		4,297		–		4,297	–
Total liabilities	$	7,447		–	$	7,447	–