Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Apr. 29, 2016

Derivative Instruments and Hedging Activities

Schedule of fair value of derivatives and consolidated balance sheet location

	Fair Value at			Fair Value at			Fair Value at
(Dollars in thousands)	April 29, 2016			May 1, 2015			October 31, 2015
Asset Derivatives
Derivatives Designated as Hedging Instruments
Prepaid expenses and other current assets
Forward currency contracts	$	(154	)	$	2,865		$	2,102
Cross currency contract	88			—			—
Derivatives Not Designated as Hedging Instruments
Prepaid expenses and other current assets
Forward currency contracts	194			4,965			1,071
Cross currency contract	1,847			2,070			2,136
Total Assets	$	1,975		$	9,900		$	5,309
Liability Derivatives
Derivatives Designated as Hedging Instruments
Accrued liabilities
Forward currency contracts	$	3,070		$	1,427		$	1,363
Cross currency contract	—			319			134
Derivatives Not Designated as Hedging Instruments
Accrued liabilities
Forward currency contracts	683			(442		)	348
Cross currency contract	—			—			—
Total Liabilities	$	3,753		$	1,304		$	1,845

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

	Effective Portion													Ineffective Portion and excluded from Effectiveness Testing
	Gain (Loss) Recognized in OCI on Derivatives						Location of Gain (Loss) Reclassified from AOCL into Income	Gain (Loss) Reclassified from AOCL into Income						Location of Gain (Loss) Recognized in Income on Derivatives	Gain (Loss) Recognized in Income on Derivatives
(Dollars in thousands)	April 29,			May 1,				April 29,			May 1,				April 29,		May 1,
For the three months ended	2016			2015				2016			2015				2016		2015
Forward currency contracts	$	(3,195	)	$	(4,474	)	Net sales	$	921		$	5,926		Other income, net	$	243	$	56
Forward currency contracts	1,439			202			Cost of sales	(685		)	(678		)
Cross currency contracts	221			154			Other income, net	(222		)	(194		)
Total derivatives designated as cash flow hedges	$	(1,535	)	$	(4,118	)	Total	$	14		$	5,054		Total	$	243	$	56
	April 29,			May 1,				April 29,			May 1,				April 29,		May 1,
For the six months ended	2016			2015				2016			2015				2016		2015
Forward currency contracts	$	(2,630	)	$	(296	)	Net sales	$	2,001		$	7,930		Other income, net	$	231	$	283
Forward currency contracts	(220		)	(1,182		)	Cost of sales	(999		)	(991		)
Cross currency contracts	255			136			Other income, net	(94		)	(207		)
Total derivatives designated as cash flow hedges	$	(2,595	)	$	(1,342	)	Total	$	908		$	6,732		Total	$	231	$	283

Schedule of impact of derivative instruments on consolidated statements of earnings for derivatives not designated as hedging instruments

		Gain (Loss) Recognized in Net Earnings
	Location of Gain	Three Months Ended					Six Months Ended
	(Loss) Recognized in	April 29,			May 1,		April 29,			May 1,
(Dollars in thousands)	Net Earnings	2016			2015		2016			2015
Forward currency contracts	Other income, net	$	(2,678	)	$	3,089	$	(1,341	)	$	11,350
Cross currency contracts	Other income, net	(313		)	167		(183		)	1,302
Total derivatives not designated as hedges		$	(2,991	)	$	3,256	$	(1,524	)	$	12,652

Schedule of effects of master netting arrangements on fair value of derivative contracts recorded in consolidated balance sheets

(Dollars in thousands)	April 29, 2016			May 1, 2015			October 31, 2015
Assets
Forward currency contracts
Gross Amounts of Recognized Assets	$	194		$	8,370		$	3,380
Gross Liabilities Offset in the Balance Sheets	(154		)	(540		)	(207		)
Net Amounts of Assets Presented in the Balance Sheets	40			7,830			3,173
Cross currency contracts
Gross Amounts of Recognized Assets	1,935			2,070			2,136
Gross Liabilities Offset in the Balance Sheets	—			—			—
Net Amounts of Assets Presented in the Balance Sheets	1,935			2,070			2,136
Total Assets	$	1,975		$	9,900		$	5,309
Liabilities
Forward currency contracts
Gross Amounts of Recognized Liabilities	$	(3,807	)	$	(1,741	)	$	(1,711	)
Gross Assets Offset in the Balance Sheets	54			756			—
Net Amounts of Liabilities Presented in the Balance Sheets	(3,753		)	(985		)	(1,711		)
Cross currency contracts
Gross Amounts of Recognized Liabilities	—			(319		)	(134		)
Gross Assets Offset in the Balance Sheets	—			—			—
Net Amounts of Liabilities Presented in the Balance Sheets	—			(319		)	(134		)
Total Liabilities	$	(3,753	)	$	(1,304	)	$	(1,845	)