10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 10-Q/A

Amendment No. 1

(Mark One)

    x     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 31, 2012

OR

    ¨     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 1-14229

QUIKSILVER, INC.

(Exact name of registrant as specified in its charter)

Delaware	33-0199426
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

15202 Graham Street

Huntington Beach, California

92649

(Address of principal executive offices)

(Zip Code)

(714) 889-2200

(Registrant’s telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one):

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

The number of shares outstanding of Registrant’s Common Stock, par value $0.01 per share, at September 3, 2012 was 165,926,795

Explanatory Note

The sole purpose of this Amendment No. 1 on Form 10-Q/A (the “Amendment”) to the quarterly report on Form 10-Q of Quiksilver, Inc. (the “Company”) for the period ended July 31, 2012, filed with the Securities and Exchange Commission on September 10, 2012 (the “Form 10-Q”), is to furnish Exhibit 101 to the Form 10-Q. When the Company initially filed the Form 10-Q, it relied upon the 30-day grace period provided for in Rule 405(a)(2) of Regulation S-T for the initial filing of the Company’s first Interactive Data File required to contain detail-tagged footnotes or schedules. Exhibit 101 consists of the following materials related to the Form 10-Q, formatted in XBRL (eXtensible Business Reporting Language):

101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema Document
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*	XBRL Taxonomy Extension Label Linkbase Document
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document

No other changes have been made to the Form 10-Q. This Amendment speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the Form 10-Q that may have been affected by subsequent events.

Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files furnished as Exhibit 101 to this Amendment will not be deemed filed for purposes of Sections 11 and 12 of the Securities Act of 1933, as amended, nor will they be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Exhibit Index

2.1	Stock Purchase Agreement between the Roger Cleveland Golf Company, Inc., Rossignol Ski Company, Incorporated, Quiksilver, Inc. and SRI Sports Limited dated October 30, 2007 (incorporated by reference to Exhibit 2.3 of the Company’s Annual Report on Form 10-K for the year ended October 31, 2007).
2.2	Amendment No. 1 to the Stock Purchase Agreement between the Roger Cleveland Golf Company, Inc., Rossignol Ski Company, Incorporated, Quiksilver, Inc. and SRI Sports Limited dated December 7, 2007 (incorporated by reference to Exhibit 2.4 of the Company’s Annual Report on Form 10-K for the year ended October 31, 2007).
2.3	Stock Purchase Agreement dated November 12, 2008, by and among Quiksilver, Inc., Pilot S.A.S., Meribel S.A.S., Quiksilver Americas, Inc., Chartreuse et Mont Blanc LLC, Chartreuse et Mont Blanc SAS, Chartreuse et Mont Blanc Global Holdings S.C.A., Macquarie Asset Finance Limited and Mavilia SAS (incorporated by reference to Exhibit 2.1 of the Company’s Current Report on Form 8-K filed on November 18, 2008).
2.4	Amendment No. 1 to Stock Purchase Agreement dated October 29, 2009, by and among Quiksilver, Inc., Pilot S.A.S., Meribel S.A.S., Quiksilver Americas, Inc., Chartreuse et Mont Blanc LLC, Chartreuse et Mont Blanc S.A.S., Chartreuse et Mont Blanc Global Holdings S.C.A., Macquarie Asset Finance Limited and Mavilia S.A.S. (incorporated by reference to Exhibit 2.1 of the Company’s Current Report on Form 8-K filed on October 30, 2009).
3.1	Restated Certificate of Incorporation of Quiksilver, Inc., as amended (incorporated by reference to Exhibit 3.1 of the Company’s Annual Report on Form 10-K for the year ended October 31, 2004).
3.2	Certificate of Amendment of Restated Certificate of Incorporation of Quiksilver, Inc. (incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended April 30, 2005).
3.3	Certificate of Designation of the Series A Convertible Preferred Stock of Quiksilver, Inc. (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed on August 4, 2009).
3.4	Certificate of Amendment of Restated Certificate of Incorporation of Quiksilver, Inc. (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed on April 1, 2010).
3.5	Amended and Restated Bylaws of Quiksilver, Inc. (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed on November 2, 2010).
4.1	Indenture for the 6 7/8% Senior Notes due 2015 dated July 22, 2005, among Quiksilver, Inc., the subsidiary guarantors set forth therein and Wilmington Trust Company, as trustee, including the form of Global Note attached thereto (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K filed July 25, 2005).
4.2	Indenture, dated as of December 10, 2010, by and among Boardriders S.A., Quiksilver, Inc., as guarantor, the subsidiary guarantor parties thereto, and Deutsche Trustee Company Limited, as trustee, Deutsche Bank Luxembourg S.A., as registrar and transfer agent, and Deutsche Bank AG, London Branch, as principal paying agent and common depositary (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K filed December 13, 2010).
31.1*	Rule 13a-14(a)/15d-14(a) Certifications – Principal Executive Officer
31.2*	Rule 13a-14(a)/15d-14(a) Certifications – Principal Financial Officer
32.1*	Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of The Sarbanes-Oxley Act of 2002 – Chief Executive Officer
32.2*	Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of The Sarbanes-Oxley Act of 2002 – Chief Financial Officer

101.INS**	XBRL Instance Document
101.SCH**	XBRL Taxonomy Extension Schema Document
101.CAL**	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF**	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB**	XBRL Taxonomy Extension Label Linkbase Document
101.PRE**	XBRL Taxonomy Extension Presentation Linkbase Document

* Exhibit was previously filed as an exhibit to the Form 10-Q.

** Exhibit filed with this Amendment. As provided in Rule 406T of Regulation S-T, this information is deemed furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933, as amended, and Section 18 of the Securities Exchange Act of 1934, as amended.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	QUIKSILVER, INC., a Delaware corporation
October 9, 2012	/s/ Richard Shields
	Richard Shields
	Chief Financial Officer
	(Principal Financial Officer and Authorized Signatory)

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Intangible Assets and Goodwill (Details 1) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Goodwill related to operating segments
Goodwill	$ 258,815	$ 268,589
Americas [Member]
Goodwill related to operating segments
Goodwill	75,946	76,048
Europe [Member]
Goodwill related to operating segments
Goodwill	176,662	186,334
Asia/Pacific [Member]
Goodwill related to operating segments
Goodwill	$ 6,207	$ 6,207

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Debt (Details Textual)	9 Months Ended		9 Months Ended
	Jul. 31, 2011 USD ($)	Jul. 31, 2012 USD ($)	Jul. 31, 2012 Boardriders SA [Member] USD ($)	Jul. 31, 2012 Boardriders SA [Member] EUR (€)	Jul. 31, 2012 Americas [Member] USD ($)	Jul. 31, 2012 Europe [Member] USD ($)	Jul. 31, 2012 Asia/Pacific [Member] USD ($)	Jul. 31, 2012 Credit Facilities [Member] USD ($)
Debt (Textual) [Abstract]
Maximum cash borrowings and letters of credit		$ 371,900,000
Letters of credit issued		111,400,000						51,900,000
Letters of credit availability					57,600,000	91,100,000	91,100,000
Amount of availability for borrowings								117,400,000
Subsidiary of Company on date of issuance			265,000,000	200,000,000
Coupon Interest rate of senior notes			8.875%	8.875%
Due of Coupon for Maturity			Dec. 15, 2017	Dec. 15, 2017
Recognized non-cash and non-operating charges of loans included in interest expense	$ 13,700,000

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Derivative Financial Instruments (Details Textual) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Jul. 31, 2012
Derivative Financial Instruments (Textual) [Abstract]
Exchange rates remain constant of gains, net of tax	$ 8.9

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Condensed Consolidating Financial Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Condensed Consolidating Statement of Operations
Revenues, net	$ 512,439	$ 503,317	$ 1,454,273	$ 1,407,860
Cost of goods sold	258,951	248,199	730,686	667,103
Gross profit	253,488	255,118	723,587	740,757
Selling, general and administrative expense	225,788	221,172	680,213	648,356
Asset impairments	141		556	74,610
Operating (loss) income	27,559	33,946	42,818	17,791
Interest expense	14,834	15,663	45,464	59,727
Foreign currency gain	(2,242)	(1,456)	(4,701)	(5,886)
Equity in earnings			(19)	(630)
Income before provision for income taxes	14,967	19,739	2,055	(36,050)
Provision for income taxes	2,508	8,996	14,913	49,937
Net income (loss)	12,459	10,743	(12,858)	(85,987)
Net loss (income) attributable to non-controlling interest	151	(306)	(2,257)	(3,169)
Net income attributable to Quiksilver, Inc.	12,610	10,437	(15,115)	(89,156)
Quiksilver, Inc.[Member]
Condensed Consolidating Statement of Operations
Revenues, net	117	116	353	348
Gross profit	117	116	353	348
Selling, general and administrative expense	13,533	11,366	43,318	29,960
Operating (loss) income	(13,416)	(11,250)	(42,965)	(29,612)
Interest expense	7,253	7,225	21,732	21,646
Foreign currency gain	(185)	(23)	(298)	34
Equity in earnings	(33,094)	(28,889)	(49,284)	37,864
Income before provision for income taxes	12,610	10,437	(15,115)	(89,156)
Net income (loss)	12,610	10,437	(15,115)	(89,156)
Net income attributable to Quiksilver, Inc.	12,610	10,437	(15,115)	(89,156)
Guarantor Subsidiaries [Member]
Condensed Consolidating Statement of Operations
Revenues, net	258,595	216,614	615,658	532,662
Cost of goods sold	152,405	122,044	366,655	289,527
Gross profit	106,190	94,570	249,003	243,135
Selling, general and administrative expense	81,506	75,528	233,937	220,425
Asset impairments	141		556	465
Operating (loss) income	24,543	19,042	14,510	22,245
Interest expense	1,245	1,197	3,930	2,970
Foreign currency gain	22	(646)	31	(245)
Equity in earnings				(158)
Income before provision for income taxes	23,276	18,491	10,549	19,520
Provision for income taxes	513	1,223	945	(616)
Net income (loss)	22,763	17,268	9,604	20,136
Net loss (income) attributable to non-controlling interest	234	(306)	(1,886)	(3,169)
Net income attributable to Quiksilver, Inc.	22,997	16,962	7,718	16,967
Non-Guarantor Subsidiaries [Member]
Condensed Consolidating Statement of Operations
Revenues, net	285,858	302,377	919,474	910,923
Cost of goods sold	130,167	133,825	422,012	392,799
Gross profit	155,691	168,552	497,462	518,124
Selling, general and administrative expense	137,695	140,199	425,162	416,353
Asset impairments				74,145
Operating (loss) income	17,996	28,353	72,300	27,626
Interest expense	6,336	7,241	19,802	35,111
Foreign currency gain	(2,079)	(787)	(4,434)	(5,675)
Equity in earnings			(19)	(472)
Income before provision for income taxes	13,739	21,899	56,932	(1,810)
Provision for income taxes	1,995	7,773	13,968	50,553
Net income (loss)	11,744	14,126	42,964	(52,363)
Net loss (income) attributable to non-controlling interest	(83)		(371)
Net income attributable to Quiksilver, Inc.	11,661	14,126	42,593	(52,363)
Eliminations [Member]
Condensed Consolidating Statement of Operations
Revenues, net	(32,131)	(15,790)	(81,212)	(36,073)
Cost of goods sold	(23,621)	(7,670)	(57,981)	(15,223)
Gross profit	(8,510)	(8,120)	(23,231)	(20,850)
Selling, general and administrative expense	(6,946)	(5,921)	(22,204)	(18,382)
Operating (loss) income	(1,564)	(2,199)	(1,027)	(2,468)
Equity in earnings	33,094	28,889	49,284	(37,864)
Income before provision for income taxes	(34,658)	(31,088)	(50,311)	35,396
Net income (loss)	(34,658)	(31,088)	(50,311)	35,396
Net income attributable to Quiksilver, Inc.	$ (34,658)	$ (31,088)	$ (50,311)	$ 35,396

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Derivative Financial Instruments (Details 1) In Thousands, unless otherwise specified	Jul. 31, 2012 USD ($)	Jul. 31, 2012 Inventory Commodity [Member] United States dollars [Member] USD ($)	Jul. 31, 2012 Inventory Commodity [Member] Maximum [Member] United States dollars [Member]	Jul. 31, 2012 Inventory Commodity [Member] Minimum [Member] United States dollars [Member]	Jul. 31, 2012 Accounts Receivable Commodity [Member] Swiss francs [Member] DJF	Jul. 31, 2012 Accounts Receivable Commodity [Member] British pounds [Member] EGP	Jul. 31, 2012 Accounts Receivable Commodity [Member] Maximum [Member] Swiss francs [Member]	Jul. 31, 2012 Accounts Receivable Commodity [Member] Maximum [Member] British pounds [Member]	Jul. 31, 2012 Accounts Receivable Commodity [Member] Minimum [Member] Swiss francs [Member]	Jul. 31, 2012 Accounts Receivable Commodity [Member] Minimum [Member] British pounds [Member]
Outstanding derivative contracts entered into hedge forecasted purchases and future cash receipts
Notional Amount	$ 291,815	$ 265,870			3,168	22,777
Maturity			2013-10	2012-08			2012-10	2013-10	2012-08	2012-08
Fair Value	$ 14,488	$ 15,793			(134)	(1,171)

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Earnings Per Share and Stock-Based Compensation (Details 2) (USD $) In Thousands, except Per Share data, unless otherwise specified	9 Months Ended
	Jul. 31, 2012 Y
Changes in shares excluding performance options
Outstanding, beginning shares	13,399,381
Outstanding, beginning weighted average price	$ 4.40
Outstanding, beginning weighted average life
Granted, Shares	375,000
Granted, weighted average price	$ 3.66
Exercised, shares	(104,664)
Exercised, weighted average price	$ 2.17
Exercised, aggregate intrinsic value	$ 153
Canceled, performance options	(834,302)
Cancelled, weighted average price	$ 3.98
Outstanding, ending shares	12,835,415
Outstanding, ending weighted average price	$ 4.42
Outstanding, ending aggregate intrinsic value	4,286
Outstanding, ending weighted average life	5.4
Options exercisable, July 31, 2012 , shares	7,199,073
Options exercisable, July 31, 2012 , Weighted Average Price	$ 5.23
Options exercisable, July 31, 2012 , Weighted Average Life	3.9
Options exercisable, July 31, 2012 , Aggregate Intrinsic Value	$ 2,072

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Condensed Consolidating Financial Information (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Cash flows from operating activities:
Net income (loss)	$ 12,459	$ 10,743	$ (12,858)	$ (85,987)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization			39,437	40,154
Stock-based compensation			17,272	9,916
Provision for doubtful accounts			1,601	8,612
Asset impairments	141		556	74,610
Equity in earnings			(19)	(630)
Non-cash interest expense			2,814	18,067
Deferred income taxes			9,349	45,915
Other adjustments to reconcile net (loss) income			(2,294)	(2,564)
Changes in operating assets and liabilities, net of the effects from business acquisitions:
Trade accounts receivable			(25,705)	(19,085)
Inventories			(55,684)	(83,339)
Other operating assets and liabilities			8,650	41,504
Net cash (used in) provided by operating activities			(16,881)	47,173
Cash flows from investing activities:
Capital expenditures			(47,177)	(46,688)
Business acquisitions, net of cash acquired			(9,117)	(5,578)
Net cash used in investing activities			(56,294)	(52,266)
Cash flows from financing activities:
Borrowings on lines of credit			11,377	14,807
Payments on lines of credit			(12,326)	(29,172)
Borrowings on long-term debt			127,034	292,467
Payments on long-term debt			(57,513)	(260,818)
Payments of debt issuance costs				(6,308)
Stock option exercises and employee stock purchases			1,335	4,116
Transactions with non-controlling interest owners			(11,000)
Net cash provided by (used in) financing activities			58,907	15,092
Effect of exchange rate changes on cash			(13,582)	(4,382)
Net (decrease) increase in cash and cash equivalents			(27,850)	5,617
Cash and cash equivalents, beginning of period			109,753	120,593
Cash and cash equivalents, end of period	81,903	126,210	81,903	126,210
Quiksilver, Inc.[Member]
Cash flows from operating activities:
Net income (loss)	12,610	10,437	(15,115)	(89,156)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization			1,598	1,190
Stock-based compensation			17,272	9,916
Equity in earnings	(33,094)	(28,889)	(49,284)	37,864
Non-cash interest expense			1,111	1,034
Other adjustments to reconcile net (loss) income			(322)	33
Changes in operating assets and liabilities, net of the effects from business acquisitions:
Other operating assets and liabilities			4,623	5,277
Net cash (used in) provided by operating activities			(40,117)	(33,842)
Cash flows from investing activities:
Capital expenditures			(2,861)	(9,195)
Net cash used in investing activities			(2,861)	(9,195)
Cash flows from financing activities:
Stock option exercises and employee stock purchases			1,335	4,116
Intercompany			41,641	39,034
Net cash provided by (used in) financing activities			42,976	43,150
Net (decrease) increase in cash and cash equivalents			(2)	113
Cash and cash equivalents, beginning of period			17	164
Cash and cash equivalents, end of period	15	277	15	277
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income (loss)	22,763	17,268	9,604	20,136
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization			13,338	14,945
Provision for doubtful accounts			(2,530)	2,699
Asset impairments	141		556	465
Equity in earnings				(158)
Non-cash interest expense			1,190	1,291
Deferred income taxes				1,586
Other adjustments to reconcile net (loss) income			36	484
Changes in operating assets and liabilities, net of the effects from business acquisitions:
Trade accounts receivable			(19,657)	(21,912)
Inventories			(3,095)	(21,504)
Other operating assets and liabilities			416	3,200
Net cash (used in) provided by operating activities			(142)	1,232
Cash flows from investing activities:
Capital expenditures			(18,736)	(22,177)
Business acquisitions, net of cash acquired				(528)
Net cash used in investing activities			(18,736)	(22,705)
Cash flows from financing activities:
Borrowings on long-term debt			80,500	21,500
Payments on long-term debt			(43,856)	(1,675)
Transactions with non-controlling interest owners			(11,000)
Intercompany			(5,676)	(37,124)
Net cash provided by (used in) financing activities			19,968	(17,299)
Net (decrease) increase in cash and cash equivalents			1,090	(38,772)
Cash and cash equivalents, beginning of period			1,331	39,172
Cash and cash equivalents, end of period	2,421	400	2,421	400
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income (loss)	11,744	14,126	42,964	(52,363)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization			24,501	24,019
Provision for doubtful accounts			4,131	5,913
Asset impairments				74,145
Equity in earnings			(19)	(472)
Non-cash interest expense			513	15,742
Deferred income taxes			9,349	44,329
Other adjustments to reconcile net (loss) income			(2,008)	(3,081)
Changes in operating assets and liabilities, net of the effects from business acquisitions:
Trade accounts receivable			(6,048)	2,827
Inventories			(53,616)	(64,303)
Other operating assets and liabilities			3,611	33,027
Net cash (used in) provided by operating activities			23,378	79,783
Cash flows from investing activities:
Capital expenditures			(25,580)	(15,316)
Business acquisitions, net of cash acquired			(9,117)	(5,050)
Net cash used in investing activities			(34,697)	(20,366)
Cash flows from financing activities:
Borrowings on lines of credit			11,377	14,807
Payments on lines of credit			(12,326)	(29,172)
Borrowings on long-term debt			46,534	270,967
Payments on long-term debt			(13,657)	(259,143)
Payments of debt issuance costs				(6,308)
Intercompany			(35,965)	(1,910)
Net cash provided by (used in) financing activities			(4,037)	(10,759)
Effect of exchange rate changes on cash			(13,582)	(4,382)
Net (decrease) increase in cash and cash equivalents			(28,938)	44,276
Cash and cash equivalents, beginning of period			108,405	81,257
Cash and cash equivalents, end of period	79,467	125,533	79,467	125,533
Eliminations [Member]
Cash flows from operating activities:
Net income (loss)	(34,658)	(31,088)	(50,311)	35,396
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Equity in earnings	33,094	28,889	49,284	(37,864)
Changes in operating assets and liabilities, net of the effects from business acquisitions:
Inventories			$ 1,027	$ 2,468

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Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Jul. 31, 2012

Accumulated Other Comprehensive Income [Abstract]

Components of accumulated other comprehensive income

In thousands	July 31, 2012		October 31, 2011
Foreign currency translation adjustment	$	58,038	$	124,230
Gain (loss) on cash flow hedges		8,938		(8,103	)
	$	66,976	$	116,127

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Restructuring Charges (Details) (2011 Plan [Member], USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Jul. 31, 2012	Oct. 31, 2011
Activity and liability balances
Beginning balance	$ 7,308
Charged to expense	5,792	8,038
Cash payments	(4,524)	(730)
Ending balance	8,576	7,308
Workforce [Member]
Activity and liability balances
Beginning balance	1,076
Charged to expense	5,039	1,389
Cash payments	(3,381)	(313)
Ending balance	2,734	1,076
Facility & Other [Member]
Activity and liability balances
Beginning balance	6,232
Charged to expense	753	6,649
Cash payments	(1,143)	(417)
Ending balance	$ 5,842	$ 6,232

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Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Information related to the company's operating segments
Revenues, net	$ 512,439	$ 503,317	$ 1,454,273	$ 1,407,860
Gross profit	253,488	255,118	723,587	740,757
SG&A expense	225,788	221,172	680,213	648,356
Asset impairments	141		556	74,610
Operating (loss) income	27,559	33,946	42,818	17,791
Americas [Member]
Information related to the company's operating segments
Revenues, net	286,136	260,159	712,519	664,618
Gross profit	126,101	115,065	311,738	308,032
SG&A expense	92,781	87,984	270,669	256,117
Asset impairments	141		556	465
Operating (loss) income	33,179	27,081	40,513	51,450
Europe [Member]
Information related to the company's operating segments
Revenues, net	154,076	176,438	518,504	548,578
Gross profit	88,136	106,451	298,905	332,083
SG&A expense	80,862	85,402	250,160	250,388
Asset impairments
Operating (loss) income	7,274	21,049	48,745	81,695
Asia/Pacific [Member]
Information related to the company's operating segments
Revenues, net	71,623	65,495	220,242	190,636
Gross profit	39,258	34,347	113,361	101,842
SG&A expense	37,747	36,314	114,988	108,961
Asset impairments				74,145
Operating (loss) income	1,511	(1,967)	(1,627)	(81,264)
Corporate Operations [Member]
Information related to the company's operating segments
Revenues, net	604	1,225	3,008	4,028
Gross profit	(7)	(745)	(417)	(1,200)
SG&A expense	14,398	11,472	44,396	32,890
Asset impairments
Operating (loss) income	$ (14,405)	$ (12,217)	$ (44,813)	$ (34,090)

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Inventories (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Inventories
Raw materials	$ 6,144	$ 9,130
Work in-process	1,266	2,647
Finished goods	383,642	335,980
Total Inventories	$ 391,052	$ 347,757

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Debt (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Summary of lines of credit and long term debt
Lines of credit and long-term debt	$ 111,400
Capital lease obligations and other borrowings	11,009	4,578
Long-term debt	783,444	747,686
Senior Notes [Member]
Summary of lines of credit and long term debt
Long-term debt	400,000	400,000
Asia/Pacific [Member]
Summary of lines of credit and long term debt
Credit Facility	15,032	18,335
Americas [Member]
Summary of lines of credit and long term debt
Lines of credit and long-term debt	61,700	21,042
Long-term debt	15,500	18,500
Europe [Member]
Summary of lines of credit and long term debt
Lines of credit and long-term debt	34,714	2,306
Europe [Member] | Senior Notes [Member]
Summary of lines of credit and long term debt
Long-term debt	$ 245,489	$ 282,925

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Derivative Financial Instruments (Details 2) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Derivative assets:
Derivative assets	$ 14,488
Recurring [Member]
Derivative liabilities:
Assets at Fair Value	14,488	(10,344)
Recurring [Member] | Other Receivables [Member]
Derivative liabilities:
Assets at Fair Value	21,566	1,031
Recurring [Member] | Other Assets [Member]
Derivative liabilities:
Assets at Fair Value		1,610
Recurring [Member] | Accrued Liability [Member]
Derivative liabilities:
Assets at Fair Value	(5,774)	(12,297)
Recurring [Member] | Other long-term liabilities [Member]
Derivative liabilities:
Assets at Fair Value	(1,304)	(688)
Recurring [Member] | Level 1 [Member]
Derivative liabilities:
Total fair value
Recurring [Member] | Level 1 [Member] | Other Receivables [Member]
Derivative assets:
Derivative assets
Recurring [Member] | Level 1 [Member] | Other Assets [Member]
Derivative assets:
Derivative assets
Recurring [Member] | Level 1 [Member] | Accrued Liability [Member]
Derivative liabilities:
Derivative liabilities
Recurring [Member] | Level 1 [Member] | Other long-term liabilities [Member]
Derivative liabilities:
Derivative liabilities
Recurring [Member] | Level 2 [Member]
Derivative liabilities:
Total fair value	14,488	(10,344)
Recurring [Member] | Level 2 [Member] | Other Receivables [Member]
Derivative assets:
Derivative assets	21,566	1,031
Recurring [Member] | Level 2 [Member] | Other Assets [Member]
Derivative assets:
Derivative assets		1,610
Recurring [Member] | Level 2 [Member] | Accrued Liability [Member]
Derivative liabilities:
Derivative liabilities	(5,774)	(12,297)
Recurring [Member] | Level 2 [Member] | Other long-term liabilities [Member]
Derivative liabilities:
Derivative liabilities	(1,304)	(688)
Recurring [Member] | Level 3 [Member]
Derivative liabilities:
Total fair value
Recurring [Member] | Level 3 [Member] | Other Receivables [Member]
Derivative assets:
Derivative assets
Recurring [Member] | Level 3 [Member] | Other Assets [Member]
Derivative assets:
Derivative assets
Recurring [Member] | Level 3 [Member] | Accrued Liability [Member]
Derivative liabilities:
Derivative liabilities
Recurring [Member] | Level 3 [Member] | Other long-term liabilities [Member]
Derivative liabilities:
Derivative liabilities

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New Accounting Pronouncements

9 Months Ended

Jul. 31, 2012

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

2. New Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2011-05, “Presentation of Comprehensive Income.” ASU 2011-05 requires the components of net income and other comprehensive income to be either presented in one continuous statement, referred to as the statement of comprehensive income, or in two separate, but consecutive statements. An entity is also required to present on the face of the financial statements reclassification adjustments for items that are reclassified from other comprehensive income to net income in the statement(s) where the components of net income and the components of other comprehensive income are presented. While the new guidance changes the presentation of comprehensive income, there are no changes to the components that are recognized in net income or other comprehensive income under current accounting guidance. This new guidance is effective for the Company beginning November 1, 2012 and requires retrospective application. As this guidance only amends the presentation of the components of comprehensive income, the adoption will not have an impact on the Company’s consolidated financial position or results of operations.

In September 2011, the FASB issued ASU 2011-08, “Testing Goodwill for Impairment.” ASU 2011-08 allows entities testing goodwill for impairment the option of performing a qualitative assessment to determine the likelihood of goodwill impairment and whether it is necessary to perform the two-step impairment test currently required. The updated guidance is effective for the Company on November 1, 2012, however early adoption is permitted. Based on the Company’s evaluation of this ASU, the adoption of this standard is not expected to have a material impact on the Company’s consolidated financial position or results of operations.

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Segment Information (Details 1) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Identifiable assets
Identifiable assets	$ 1,727,084	$ 1,764,223
Americas [Member]
Identifiable assets
Identifiable assets	580,941	577,643
Europe [Member]
Identifiable assets
Identifiable assets	734,332	750,378
Asia/Pacific [Member]
Identifiable assets
Identifiable assets	213,886	231,879
Corporate Operations [Member]
Identifiable assets
Identifiable assets	$ 197,925	$ 204,323

XML

Debt (Tables)

9 Months Ended

Jul. 31, 2012

Debt [Abstract]

Summary of lines of credit and long-term debt

In thousands	July 31, 2012		October 31, 2011
Asia/Pacific short-term lines of credit	$	15,032	$	18,335
Americas Credit Facility		61,700		21,042
Americas long-term debt		15,500		18,500
European credit facility		34,714		2,306
Senior Notes		400,000		400,000
European Senior Notes		245,489		282,925
Capital lease obligations and other borrowings		11,009		4,578
	$	783,444	$	747,686

Estimated fair values of the Company's lines of credit and long-term debt

In thousands	July 31, 2012
	Carrying Amount		Fair Value
Lines of credit	$	15,032	$	15,032
Long-term debt		768,412		749,508
	$	783,444	$	764,540

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Restructuring Charges (Tables)

9 Months Ended

Jul. 31, 2012

Restructuring Charges [Abstract]

Restructuring roll forward

In thousands	Workforce			Facility & Other			Total
Balance, November 1, 2010	$	—		$	—		$	—
Charged to expense		1,389			6,649			8,038
Cash payments		(313	)		(417	)		(730	)
Balance, October 31, 2011	$	1,076		$	6,232		$	7,308
Charged to expense		5,039			753			5,792
Cash payments		(3,381	)		(1,143	)		(4,524	)
Balance, July 31, 2012	$	2,734		$	5,842		$	8,576

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Condensed Consolidating Financial Information (Details 1) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011	Jul. 31, 2011	Oct. 31, 2010
Current assets:
Cash and cash equivalents	$ 81,903	$ 109,753	$ 126,210	$ 120,593
Trade accounts receivable, net	398,522	397,089
Other receivables	31,444	23,190
Income taxes receivable		4,265
Inventories	391,052	347,757
Deferred income taxes	14,691	32,808
Prepaid expenses and other current assets	32,678	25,429
Total current assets	950,290	940,291
Fixed assets, net	233,842	238,107
Intangible assets, net	136,745	138,143
Goodwill	258,815	268,589
Other assets	48,267	55,814
Deferred income taxes	99,125	123,279
Total assets	1,727,084	1,764,223
LIABILITIES AND EQUITY
Lines of credit	15,032	18,335
Accounts payable	233,523	203,023
Accrued liabilities	111,140	132,944
Income taxes payable	3,652
Total current liabilities	407,987	358,930
Long-term debt, net of current portion	723,772	724,723
Current portion of long-term debt	44,640	4,628
Other long-term liabilities	32,249	57,948
Total liabilities	1,164,008	1,141,601
Stockholders'/invested equity	553,329	610,098
Non-controlling interest	9,747	12,524
Total liabilities and equity	1,727,084	1,764,223
Quiksilver, Inc.[Member]
Current assets:
Cash and cash equivalents	15	17	277	164
Other receivables	25	122
Prepaid expenses and other current assets	2,373	2,378
Total current assets	2,413	2,517
Fixed assets, net	18,384	17,602
Intangible assets, net	3,134	3,007
Other assets	3,175	4,457
Investment in subsidiaries	1,083,565	1,082,427
Total assets	1,110,671	1,110,010
LIABILITIES AND EQUITY
Accounts payable	2,192	2,510
Accrued liabilities	13,033	6,673
Intercompany balances	142,117	90,729
Total current liabilities	157,342	99,912
Long-term debt, net of current portion	400,000	400,000
Total liabilities	557,342	499,912
Stockholders'/invested equity	553,329	610,098
Total liabilities and equity	1,110,671	1,110,010
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	2,421	1,331	400	39,172
Trade accounts receivable, net	172,969	150,782
Other receivables	5,053	5,918
Income taxes receivable		21,338
Inventories	118,236	115,456
Deferred income taxes	(1,182)	(1,182)
Prepaid expenses and other current assets	12,237	8,525
Total current assets	309,734	302,168
Fixed assets, net	69,887	64,943
Intangible assets, net	48,025	48,743
Goodwill	112,216	112,216
Other assets	3,177	3,936
Deferred income taxes	(16,682)	(16,682)
Total assets	526,357	515,324
LIABILITIES AND EQUITY
Accounts payable	98,037	88,280
Accrued liabilities	29,118	30,088
Income taxes payable	(7,199)
Intercompany balances	(82,808)	(44,001)
Total current liabilities	45,742	77,367
Long-term debt, net of current portion	75,700	36,542
Current portion of long-term debt	8,594	3,000
Other long-term liabilities	20,515	41,219
Total liabilities	141,957	155,128
Stockholders'/invested equity	376,788	347,995
Non-controlling interest	7,612	12,201
Total liabilities and equity	526,357	515,324
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	79,467	108,405	125,533	81,257
Trade accounts receivable, net	225,553	246,307
Other receivables	26,366	17,150
Income taxes receivable		(17,073)
Inventories	274,380	234,266
Deferred income taxes	15,873	33,990
Prepaid expenses and other current assets	18,068	14,526
Total current assets	639,707	637,571
Fixed assets, net	145,571	155,562
Intangible assets, net	85,586	86,393
Goodwill	146,599	156,373
Other assets	41,915	47,421
Deferred income taxes	115,807	139,961
Total assets	1,175,185	1,223,281
LIABILITIES AND EQUITY
Lines of credit	15,032	18,335
Accounts payable	133,294	112,233
Accrued liabilities	68,989	96,183
Income taxes payable	10,851
Intercompany balances	(59,309)	(46,728)
Total current liabilities	204,903	181,651
Long-term debt, net of current portion	248,072	288,181
Current portion of long-term debt	36,046	1,628
Other long-term liabilities	11,734	16,729
Total liabilities	464,709	486,561
Stockholders'/invested equity	708,341	736,397
Non-controlling interest	2,135	323
Total liabilities and equity	1,175,185	1,223,281
Eliminations [Member]
Current assets:
Inventories	(1,564)	(1,965)
Total current assets	(1,564)	(1,965)
Investment in subsidiaries	(1,083,565)	(1,082,427)
Total assets	(1,085,129)	(1,084,392)
LIABILITIES AND EQUITY
Stockholders'/invested equity	(1,085,129)	(1,084,392)
Total liabilities and equity	$ (1,085,129)	$ (1,084,392)

XML

Segment Information (Details Textual)	9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011
Segment information (Textual) [Abstract]
Percentage of net revenues from continuing operations	3.00%	3.00%

XML

Condensed Consolidating Financial Information (Tables)

9 Months Ended

Jul. 31, 2012

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Statement of Operations

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	117		$	258,595	$	285,858		$	(32,131	)	$	512,439
Cost of goods sold		—			152,405		130,167			(23,621	)		258,951
Gross profit		117			106,190		155,691			(8,510	)		253,488
Selling, general and administrative expense		13,533			81,506		137,695			(6,946	)		225,788
Asset impairments		—			141		—			—			141
Operating (loss) income		(13,416	)		24,543		17,996			(1,564	)		27,559
Interest expense		7,253			1,245		6,336			—			14,834
Foreign currency (gain) loss		(185	)		22		(2,079	)		—			(2,242	)
Equity in earnings		(33,094	)		—		—			33,094			—
Income before provision for income taxes		12,610			23,276		13,739			(34,658	)		14,967
Provision for income taxes		—			513		1,995			—			2,508
Net income		12,610			22,763		11,744			(34,658	)		12,459
Net loss (income) attributable to non-controlling interest		—			234		(83	)		—			151
Net income attributable to Quiksilver, Inc.	$	12,610		$	22,997	$	11,661		$	(34,658	)	$	12,610

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	116		$	216,614		$	302,377		$	(15,790	)	$	503,317
Cost of goods sold		—			122,044			133,825			(7,670	)		248,199
Gross profit		116			94,570			168,552			(8,120	)		255,118
Selling, general and administrative expense		11,366			75,528			140,199			(5,921	)		221,172
Operating (loss) income		(11,250	)		19,042			28,353			(2,199	)		33,946
Interest expense		7,225			1,197			7,241			—			15,663
Foreign currency gain		(23	)		(646	)		(787	)		—			(1,456	)
Equity in earnings		(28,889	)		—			—			28,889			—
Income before provision for income taxes		10,437			18,491			21,899			(31,088	)		19,739
Provision for income taxes		—			1,223			7,773			—			8,996
Net income		10,437			17,268			14,126			(31,088	)		10,743
Net income attributable to non-controlling interest		—			(306	)		—			—			(306	)
Net income attributable to Quiksilver, Inc.	$	10,437		$	16,962		$	14,126		$	(31,088	)	$	10,437

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	353		$	615,658		$	919,474		$	(81,212	)	$	1,454,273
Cost of goods sold		—			366,655			422,012			(57,981	)		730,686
Gross profit		353			249,003			497,462			(23,231	)		723,587
Selling, general and administrative expense		43,318			233,937			425,162			(22,204	)		680,213
Asset impairments		—			556			—			—			556
Operating (loss) income		(42,965	)		14,510			72,300			(1,027	)		42,818
Interest expense		21,732			3,930			19,802			—			45,464
Foreign currency (gain) loss		(298	)		31			(4,434	)		—			(4,701	)
Equity in earnings		(49,284	)		—			—			49,284			—
(Loss) income before provision for income taxes		(15,115	)		10,549			56,932			(50,311	)		2,055
Provision for income taxes		—			945			13,968			—			14,913
Net (loss) income		(15,115	)		9,604			42,964			(50,311	)		(12,858	)
Net income attributable to non-controlling interest		—			(1,886	)		(371	)		—			(2,257	)
Net (loss) income attributable to Quiksilver, Inc.	$	(15,115	)	$	7,718		$	42,593		$	(50,311	)	$	(15,115	)

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	348		$	532,662		$	910,923		$	(36,073	)	$	1,407,860
Cost of goods sold		—			289,527			392,799			(15,223	)		667,103
Gross profit		348			243,135			518,124			(20,850	)		740,757
Selling, general and administrative expense		29,960			220,425			416,353			(18,382	)		648,356
Asset impairments		—			465			74,145			—			74,610
Operating (loss) income		(29,612	)		22,245			27,626			(2,468	)		17,791
Interest expense		21,646			2,970			35,111			—			59,727
Foreign currency loss (gain)		34			(245	)		(5,675	)		—			(5,886	)
Equity in earnings		37,864			—			—			(37,864	)		—
(Loss) income before (benefit) provision for income taxes		(89,156	)		19,520			(1,810	)		35,396			(36,050	)
(Benefit) provision for income taxes		—			(616	)		50,553			—			49,937
Net (loss) income		(89,156	)		20,136			(52,363	)		35,396			(85,987	)
Net income attributable to non-controlling interest		—			(3,169	)		—			—			(3,169	)
Net (loss) income attributable to Quiksilver, Inc.	$	(89,156	)	$	16,967		$	(52,363	)	$	35,396		$	(89,156	)

Condensed Consolidating Balance Sheet

In thousands	Quiksilver, Inc.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	15	$	2,421		$	79,467		$	—		$	81,903
Trade accounts receivable, net		—		172,969			225,553			—			398,522
Other receivables		25		5,053			26,366			—			31,444
Inventories		—		118,236			274,380			(1,564	)		391,052
Deferred income taxes		—		(1,182	)		15,873			—			14,691
Prepaid expenses and other current assets		2,373		12,237			18,068			—			32,678
Total current assets		2,413		309,734			639,707			(1,564	)		950,290
Fixed assets, net		18,384		69,887			145,571			—			233,842
Intangible assets, net		3,134		48,025			85,586			—			136,745
Goodwill		—		112,216			146,599			—			258,815
Other assets		3,175		3,177			41,915			—			48,267
Deferred income taxes		—		(16,682	)		115,807			—			99,125
Investment in subsidiaries		1,083,565		—			—			(1,083,565	)		—
Total assets	$	1,110,671	$	526,357		$	1,175,185		$	(1,085,129	)	$	1,727,084
LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	—	$	—		$	15,032		$	—		$	15,032
Accounts payable		2,192		98,037			133,294			—			233,523
Accrued liabilities		13,033		29,118			68,989			—			111,140
Current portion of long-term debt		—		8,594			36,046			—			44,640
Income taxes payable		—		(7,199	)		10,851			—			3,652
Intercompany balances		142,117		(82,808	)		(59,309	)		—			—
Total current liabilities		157,342		45,742			204,903			—			407,987
Long-term debt, net of current portion		400,000		75,700			248,072			—			723,772
Other long-term liabilities		—		20,515			11,734			—			32,249
Total liabilities		557,342		141,957			464,709			—			1,164,008
Stockholders’/invested equity		553,329		376,788			708,341			(1,085,129	)		553,329
Non-controlling interest		—		7,612			2,135			—			9,747
Total liabilities and equity	$	1,110,671	$	526,357		$	1,175,185		$	(1,085,129	)	$	1,727,084

In thousands	Quiksilver, Inc.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	17	$	1,331		$	108,405		$	—		$	109,753
Trade accounts receivable, net		—		150,782			246,307			—			397,089
Other receivables		122		5,918			17,150			—			23,190
Income taxes receivable		—		21,338			(17,073	)		—			4,265
Inventories		—		115,456			234,266			(1,965	)		347,757
Deferred income taxes		—		(1,182	)		33,990			—			32,808
Prepaid expenses and other current assets		2,378		8,525			14,526			—			25,429
Total current assets		2,517		302,168			637,571			(1,965	)		940,291
Fixed assets, net		17,602		64,943			155,562			—			238,107
Intangible assets, net		3,007		48,743			86,393			—			138,143
Goodwill		—		112,216			156,373			—			268,589
Other assets		4,457		3,936			47,421			—			55,814
Deferred income taxes		—		(16,682	)		139,961			—			123,279
Investment in subsidiaries		1,082,427		—			—			(1,082,427	)		—
Total assets	$	1,110,010	$	515,324		$	1,223,281		$	(1,084,392	)	$	1,764,223
LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	—	$	—		$	18,335		$	—		$	18,335
Accounts payable		2,510		88,280			112,233			—			203,023
Accrued liabilities		6,673		30,088			96,183			—			132,944
Current portion of long-term debt		—		3,000			1,628			—			4,628
Intercompany balances		90,729		(44,001	)		(46,728	)		—			—
Total current liabilities		99,912		77,367			181,651			—			358,930
Long-term debt, net of current portion		400,000		36,542			288,181			—			724,723
Other long-term liabilities		—		41,219			16,729			—			57,948
Total liabilities		499,912		155,128			486,561			—			1,141,601
Stockholders’/invested equity		610,098		347,995			736,397			(1,084,392	)		610,098
Non-controlling interest		—		12,201			323			—			12,524
Total liabilities and equity	$	1,110,010	$	515,324		$	1,223,281		$	(1,084,392	)	$	1,764,223

Condensed consolidated statements of cash flows.

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(15,115	)	$	9,604		$	42,964		$	(50,311	)	$	(12,858	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization		1,598			13,338			24,501			—			39,437
Stock-based compensation		17,272			—			—			—			17,272
Provision for doubtful accounts		—			(2,530	)		4,131			—			1,601
Asset impairments		—			556			—			—			556
Equity in earnings		(49,284	)		—			(19	)		49,284			(19	)
Non-cash interest expense		1,111			1,190			513			—			2,814
Deferred income taxes		—			—			9,349			—			9,349
Other adjustments to reconcile net (loss) income		(322	)		36			(2,008	)		—			(2,294	)
Changes in operating assets and liabilities:
Trade accounts receivable		—			(19,657	)		(6,048	)		—			(25,705	)
Inventories		—			(3,095	)		(53,616	)		1,027			(55,684	)
Other operating assets and liabilities		4,623			416			3,611			—			8,650
Net cash (used in) provided by operating activities		(40,117	)		(142	)		23,378			—			(16,881	)
Cash flows from investing activities:
Capital expenditures		(2,861	)		(18,736	)		(25,580	)		—			(47,177	)
Business acquisitions, net of cash acquired		—			—			(9,117	)		—			(9,117	)
Net cash used in investing activities		(2,861	)		(18,736	)		(34,697	)		—			(56,294	)
Cash flows from financing activities:
Borrowings on lines of credit		—			—			11,377			—			11,377
Payments on lines of credit		—			—			(12,326	)		—			(12,326	)
Borrowings on long-term debt		—			80,500			46,534			—			127,034
Payments on long-term debt		—			(43,856	)		(13,657	)		—			(57,513	)
Stock option exercises and employee stock purchases		1,335			—			—			—			1,335
Transactions with non-controlling interest owners		—			(11,000	)		—			—			(11,000	)
Intercompany		41,641			(5,676	)		(35,965	)		—			—
Net cash provided by (used in) financing activities		42,976			19,968			(4,037	)		—			58,907
Effect of exchange rate changes on cash		—			—			(13,582	)		—			(13,582	)
Net (decrease) increase in cash and cash equivalents		(2	)		1,090			(28,938	)		—			(27,850	)
Cash and cash equivalents, beginning of period		17			1,331			108,405			—			109,753
Cash and cash equivalents, end of period	$	15		$	2,421		$	79,467		$	—		$	81,903

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(89,156	)	$	20,136		$	(52,363	)	$	35,396		$	(85,987	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization		1,190			14,945			24,019			—			40,154
Stock-based compensation		9,916			—			—			—			9,916
Provision for doubtful accounts		—			2,699			5,913			—			8,612
Asset impairments		—			465			74,145			—			74,610
Equity in earnings		37,864			(158	)		(472	)		(37,864	)		(630	)
Non-cash interest expense		1,034			1,291			15,742			—			18,067
Deferred income taxes		—			1,586			44,329			—			45,915
Other adjustments to reconcile net (loss) income		33			484			(3,081	)		—			(2,564	)
Changes in operating assets and liabilities:
Trade accounts receivable		—			(21,912	)		2,827			—			(19,085	)
Inventories		—			(21,504	)		(64,303	)		2,468			(83,339	)
Other operating assets and liabilities		5,277			3,200			33,027			—			41,504
Net cash (used in) provided by operating activities		(33,842	)		1,232			79,783			—			47,173
Cash flows from investing activities:
Capital expenditures		(9,195	)		(22,177	)		(15,316	)		—			(46,688	)
Business acquisitions, net of cash acquired		—			(528	)		(5,050	)		—			(5,578	)
Net cash used in investing activities		(9,195	)		(22,705	)		(20,366	)		—			(52,266	)
Cash flows from financing activities:
Borrowings on lines of credit		—			—			14,807			—			14,807
Payments on lines of credit		—			—			(29,172	)		—			(29,172	)
Borrowings on long-term debt		—			21,500			270,967			—			292,467
Payments on long-term debt		—			(1,675	)		(259,143	)		—			(260,818	)
Payments of debt issuance costs		—			—			(6,308	)		—			(6,308	)
Stock option exercises and employee stock purchases		4,116			—			—			—			4,116
Intercompany		39,034			(37,124	)		(1,910	)		—			—
Net cash provided by (used in) financing activities		43,150			(17,299	)		(10,759	)		—			15,092
Effect of exchange rate changes on cash		—			—			(4,382	)		—			(4,382	)
Net increase (decrease) in cash and cash equivalents		113			(38,772	)		44,276			—			5,617
Cash and cash equivalents, beginning of period		164			39,172			81,257			—			120,593
Cash and cash equivalents, end of period	$	277		$	400		$	125,533		$	—		$	126,210

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Earnings Per Share and Stock-Based Compensation (Details) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Reconciliation of the denominator of each net income (loss) per share
Shares used in computing basic net (loss) income per share	164,518	162,822	163,930	162,198
Dilutive effect of stock options and restricted stock	1,918	5,044
Dilutive effect of stock warrants	7,463	15,622
Shares used in computing diluted net (loss) income per share	173,899	183,488	163,930	162,198

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Basis of Presentation

9 Months Ended

Jul. 31, 2012

Basis of Presentation [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statement presentation.

Quiksilver, Inc. and its subsidiaries (the “Company”), in its opinion, has included all adjustments, consisting only of normal and recurring adjustments, necessary for a fair presentation of the results of operations for the three and nine months ended July 31, 2012 and 2011. The condensed consolidated financial statements and notes thereto should be read in conjunction with the audited financial statements and notes for the year ended October 31, 2011 included in the Company’s Annual Report on Form 10-K. Interim results are not necessarily indicative of results for the full year due to seasonal and other factors.

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Earnings Per Share and Stock-Based Compensation (Details 1)	9 Months Ended
	Jul. 31, 2012
Performance based options on restricted stock units
Granted, Performance Restricted Stock Units	375,000,000
Performance Options [Member]
Performance based options on restricted stock units
Non-vested, Performance Options, October 31, 2011	936,000
Vested, Performance Options
Non-vested, Performance Options, July 31, 2012	936,000
Performance Restricted Stock Units [Member]
Performance based options on restricted stock units
Non-vested, Performance Restricted Stock Units, October 31, 2011	7,520,000
Granted, Performance Restricted Stock Units	700,000
Vested, Performance Restricted Stock Units
Canceled, Performance Restricted Stock Units	(590,625)
Non-vested, Performance Restricted Stock Units, July 31, 2012	7,629,375

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Intangible Assets and Goodwill (Details Textual) (USD $)	1 Months Ended	9 Months Ended
	Oct. 31, 2012	Jul. 31, 2012 Y	Jul. 31, 2011 Y
Intangible Assets and Goodwill (Additional Textual) [Abstract]
Decrease in Goodwill		$ 9,800,000
Intangible Assets and Goodwill (Textual) [Abstract]
Minimum estimated useful life of Trademarks and Licenses		10
Maximum estimated useful life of Trademarks and Licenses			25
Residual Value of Trademarks and Licenses		0
Intangible amortization expense		2,300,000	2,300,000
Annual amortization expense Current year	2,900,000
Annual amortization expense One Year		1,600,000
Annual amortization expense 2013 through 2017		Annual amortization expense 2013 through 2017
Americas [Member]
Intangible Assets and Goodwill (Additional Textual) [Abstract]
Goodwill translation adjustments		100,000
Europe [Member]
Intangible Assets and Goodwill (Additional Textual) [Abstract]
Goodwill translation adjustments		17,200,000
Goodwill partially offset related to acquisition		7,500,000
Decrease in Goodwill		$ 9,700,000

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Debt (Details 1) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012
Carrying Amount [Member]
Estimated fair values of the Company's lines of credit and long-term debt
Lines of credit	$ 15,032
Long-term debt	768,412
Liabilities, Fair Value, Total	783,444
Fair Value [Member]
Estimated fair values of the Company's lines of credit and long-term debt
Lines of credit	15,032
Long-term debt	749,508
Liabilities, Fair Value, Total	$ 764,540

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Condensed Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Condensed Consolidated Statements of Operations [Abstract]
Revenues, net	$ 512,439	$ 503,317	$ 1,454,273	$ 1,407,860
Cost of goods sold	258,951	248,199	730,686	667,103
Gross profit	253,488	255,118	723,587	740,757
Selling, general and administrative expense	225,788	221,172	680,213	648,356
Asset impairments	141		556	74,610
Operating income	27,559	33,946	42,818	17,791
Interest expense	14,834	15,663	45,464	59,727
Foreign currency gain	(2,242)	(1,456)	(4,701)	(5,886)
Income (loss) before provision for income taxes	14,967	19,739	2,055	(36,050)
Provision for income taxes	2,508	8,996	14,913	49,937
Net income (loss)	12,459	10,743	(12,858)	(85,987)
Net loss (income) attributable to non-controlling interest	151	(306)	(2,257)	(3,169)
Net income (loss) attributable to Quiksilver, Inc.	$ 12,610	$ 10,437	$ (15,115)	$ (89,156)
Net (loss) income per share attributable to Quiksilver, Inc.	$ 0.08	$ 0.06	$ (0.09)	$ (0.55)
Net (loss) income per share attributable to Quiksilver, Inc., assuming dilution	$ 0.07	$ 0.06	$ (0.09)	$ (0.55)
Weighted average common shares outstanding	164,518	162,822	163,930	162,198
Weighted average common shares outstanding, assuming dilution	173,899	183,488	163,930	162,198

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Derivative Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011
Other comprehensive income [Member]
Gains and losses on derivative instruments
Gain (loss) recognized in OCI on derivatives	$ 23,613	$ (25,869)
Cost of goods sold [Member]
Gains and losses on derivative instruments
Loss reclassified from accumulated OCI into income	(1,377)	(2,994)
Interest expense [Member]
Gains and losses on derivative instruments
Loss reclassified from accumulated OCI into income		(1,033)
Foreign currency gain [Member]
Gains and losses on derivative instruments
(Loss) gain reclassified from accumulated OCI into	(480)	501
Gain recognized in income on derivatives	$ (271)

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Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Condensed Consolidated Balance Sheets [Abstract]
Allowances for trade accounts receivable	$ 43,468	$ 48,670
Fixed assets accumulated depreciation and amortization	$ 261,342	$ 255,267
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	285,000,000	285,000,000
Common stock, shares issued	168,664,496	168,053,744
Treasury stock, shares	2,885,200	2,885,200

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Earnings Per Share and Stock-Based Compensation (Details 4) (Restricted Stock [Member])	9 Months Ended
	Jul. 31, 2012
Restricted Stock [Member]
Changes in restricted stock
Non-vested, Performance Restricted Stock Units, October 31, 2011	1,911,669
Granted	105,000
Vested	(875,002)
Canceled, Performance Restricted Stock Units	(60,000)
Non-vested, Performance Restricted Stock Units, July 31, 2012	1,081,667

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Earnings Per Share and Stock-Based Compensation (Tables)

9 Months Ended

Jul. 31, 2012

Earnings Per Share and Stock-Based Compensation [Abstract]

Reconciliation of the denominator of each net income (loss) per share

	Three months ended July 31,				Nine months ended July 31,
In thousands	2012		2011		2012		2011
Shares used in computing basic net income (loss) per share		164,518		162,822		163,930		162,198
Dilutive effect of stock options and restricted stock (1)		1,918		5,044		—		—
Dilutive effect of stock warrants (1)		7,463		15,622		—		—
Shares used in computing diluted net income (loss) per share		173,899		183,488		163,930		162,198

⁽¹⁾ For the three months ended July 31, 2012 and 2011, additional stock options outstanding of 11,958,000 and 10,493,000, respectively, and additional warrant shares outstanding of 18,191,000 and 10,032,000, respectively, were excluded from the calculation of diluted EPS, as their effect would have been anti-dilutive based on the application of the treasury stock method. For the nine months ended July 31, 2012 and 2011, the shares used in computing diluted net loss per share do not include 3,345,000 and 5,185,000, respectively, of dilutive stock options and shares of restricted stock, nor 11,826,000 and 15,305,000, respectively, of dilutive warrant shares as the effect is anti-dilutive given the Company’s loss. For the nine months ended July 31, 2012 and 2011, additional stock options outstanding of 10,995,000 and 10,679,000, respectively, and additional warrant shares outstanding of 13,828,000 and 10,349,000, respectively, were excluded from the calculation of diluted EPS, as their effect would have been anti-dilutive based on the application of the treasury stock method.

Schedule of performance based options and performance based restricted stock units

	Performance Options		Performance Restricted Stock Units
Non-vested, October 31, 2011		936,000		7,520,000
Granted		—		700,000
Vested		—		—
Canceled		—		(590,625	)
Non-vested, July 31, 2012		936,000		7,629,375

Changes in shares excluding performance options

Dollar amounts in thousands, except per share amounts	Shares			Weighted Average Price		Weighted Average Life		Aggregate Intrinsic Value
Outstanding, October 31, 2011		13,399,381		$	4.40
Granted		375,000			3.66
Exercised		(104,664	)		2.17			$	153
Canceled		(834,302	)		3.98
Outstanding, July 31, 2012		12,835,415		$	4.42		5.4	$	4,286
Options exercisable, July 31, 2012		7,199,073		$	5.23		3.9	$	2,072

Changes in non-vested shares under excluding performance options

	Shares			Weighted- Average Grant Date Fair Value
Non-vested, October 31, 2011		7,356,508		$	1.81
Granted		375,000			2.58
Vested		(2,022,824	)		2.06
Canceled		(72,342	)		1.78
Non-vested, July 31, 2012		5,636,342		$	1.77

Changes in restricted stock

	Shares
Outstanding, October 31, 2011		1,911,669
Granted		105,000
Vested		(875,002	)
Forfeited		(60,000	)
Outstanding, July 31, 2012		1,081,667

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Earnings per Share and Stock-Based Compensation (Details Textual) (USD $) In Millions, except Share data, unless otherwise specified	1 Months Ended	12 Months Ended		9 Months Ended		1 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended			12 Months Ended
	Mar. 31, 2007	Oct. 31, 2011	Jul. 31, 2012	Jul. 31, 2012 Non-Performance Based Options [Member] Y	Jul. 31, 2011 Non-Performance Based Options [Member] Y	Jun. 30, 2011 Performance Options [Member]	Jul. 31, 2011 Performance Options [Member]	Jul. 31, 2012 Performance Options [Member] Y	Jul. 31, 2012 Performance Restricted Stock Units [Member]	Jul. 31, 2011 Performance Restricted Stock Units [Member]	Jul. 31, 2012 Performance Restricted Stock Units [Member] Y	May 31, 2012 Performance Restricted Stock Units [Member]	Jun. 30, 2011 Performance Restricted Stock Units [Member]	Jul. 31, 2012 Stock Options [Member]	Jul. 31, 2011 Stock Options [Member]	Jul. 31, 2012 Stock Options [Member]	Jul. 31, 2011 Stock Options [Member]	Jul. 31, 2012 Warrant [Member]	Jul. 31, 2011 Warrant [Member]	Jul. 31, 2012 Warrant [Member]	Jul. 31, 2011 Warrant [Member]	Jul. 31, 2012 Restricted Stock [Member] Y	Oct. 31, 2010 Restricted Stock [Member]	Mar. 31, 2010 Restricted Stock [Member]
Earnings per share and stock-based compensation (Textual) [Abstract]
Shares outstanding were excluded from the calculation of diluted EPS														11,958,000	10,493,000	3,345,000	5,185,000	18,191,000	10,032,000	11,826,000	15,305,000
Additional shares outstanding were excluded from the calculation of diluted EPS																10,995,000	10,679,000			13,828,000	10,349,000
Percentage of risk-free interest				1.10%	1.90%		3.00%		0.70%	1.70%
Percentage of volatility				76.50%	82.40%		67.30%		91.40%	82.00%
Amount for dividend yield				0.00%	0.00%		0.00%		0.00%	0.00%
Period for expected life				7.1	5.3
Weighted average fair value of options granted				$ 2.58	$ 3.39
Exercise price of performance based options		$ 4.40	$ 4.42					$ 4.65
Fair value of weighted average						$ 3.21
Fair value of weighted average, Nonvested												$ 2.27	$ 3.88
Minimum period for stock issued vested in plan	P3Y
Maximum period for stock issued vested in plan	P5Y
Stockholders approved shares of restricted stock																								3,000,000
Related restricted stock agreement have already vested			7,199,073,000																					2,400,000
Remaining shares to be vested																								600,000
Number of additional shares authorized		10,000,000																					300,000
Total unrecognized compensation expense				$ 3.0				$ 2.0	$ 8.3		$ 8.3											$ 0.7
Unrecognized compensation expense expected to be recognized over weighted average period				1.6				3.1			0.7											1.1

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Intangible Assets and Goodwill (Tables)

9 Months Ended

Jul. 31, 2012

Intangible Assets and Goodwill [Abstract]

Intangible Assets

	July 31, 2012							October 31, 2011
In thousands	Gross Amount		Amorti- zation			Net Book Value		Gross Amount		Amorti- zation			Net Book Value
Amortizable trademarks	$	19,819	$	(10,296	)	$	9,523	$	20,174	$	(9,782	)	$	10,392
Amortizable licenses		14,082		(13,612	)		470		14,380		(12,822	)		1,558
Other amortizable intangibles		8,069		(5,360	)		2,709		9,029		(5,987	)		3,042
Non-amortizable trademarks		124,043		—			124,043		123,151		—			123,151
	$	166,013	$	(29,268	)	$	136,745	$	166,734	$	(28,591	)	$	138,143

Goodwill related to operating segments

In thousands	July 31, 2012		October 31, 2011
Americas	$	75,946	$	76,048
Europe		176,662		186,334
Asia/Pacific		6,207		6,207
	$	258,815	$	268,589

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011
Cash flows from operating activities:
Net loss	$ (12,858)	$ (85,987)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	39,437	40,154
Stock-based compensation	17,272	9,916
Provision for doubtful accounts	1,601	8,612
Loss (gain) on disposal of fixed assets	178	(2,657)
Foreign currency (gain) loss	(2,472)	93
Asset impairments	556	74,610
Non-cash interest expense	2,814	18,067
Equity in earnings	(19)	(630)
Deferred income taxes	9,349	45,915
Changes in operating assets and liabilities, net of the effects from business acquisitions:
Trade accounts receivable	(25,705)	(19,085)
Other receivables	11,043	20,453
Inventories	(55,684)	(83,339)
Prepaid expenses and other current assets	(11,068)	(10,001)
Other assets	885	(5,488)
Accounts payable	33,845	55,676
Accrued liabilities and other long-term liabilities	(17,099)	(1,956)
Income taxes payable	(8,956)	(17,180)
Net cash (used in) provided by operating activities	(16,881)	47,173
Cash flows from investing activities:
Capital expenditures	(47,177)	(46,688)
Business acquisitions, net of cash acquired	(9,117)	(5,578)
Net cash used in investing activities	(56,294)	(52,266)
Cash flows from financing activities:
Borrowings on lines of credit	11,377	14,807
Payments on lines of credit	(12,326)	(29,172)
Borrowings on long-term debt	127,034	292,467
Payments on long-term debt	(57,513)	(260,818)
Payments of debt issuance costs		(6,308)
Stock option exercises and employee stock purchases	1,335	4,116
Transactions with non-controlling interest owners	(11,000)
Net cash provided by financing activities	58,907	15,092
Effect of exchange rate changes on cash	(13,582)	(4,382)
Net (decrease) increase in cash and cash equivalents	(27,850)	5,617
Cash and cash equivalents, beginning of period	109,753	120,593
Cash and cash equivalents, end of period	81,903	126,210
Cash paid during the period for:
Interest	38,836	32,563
Income taxes	$ 13,100	$ 16,784

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Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Condensed Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income (loss)	$ 12,459	$ 10,743	$ (12,858)	$ (85,987)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(34,141)	(6,603)	(66,192)	21,092
Net unrealized (loss) gain on derivative instruments, net of tax	6,021	6,483	17,041	(17,456)
Comprehensive income (loss)	(15,661)	10,623	(62,009)	(82,351)
Comprehensive loss (income) attributable to non-controlling interest	151	(306)	(2,257)	(3,169)
Comprehensive income (loss) attributable to Quiksilver, Inc.	$ (15,510)	$ 10,317	$ (64,266)	$ (85,520)

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Income Taxes

9 Months Ended

Jul. 31, 2012

Income Taxes [Abstract]

Income Taxes

10. Income Taxes

Each reporting period, the Company evaluates the realizability of all of its deferred tax assets in each tax jurisdiction. As of July 31, 2012, the Company continued to maintain a full valuation allowance against its net deferred tax assets in the United States as well as certain jurisdictions in its Asia/Pacific segment. As a result of the valuation allowances recorded in the United States and certain jurisdictions in the Asia/Pacific segment, no tax benefits have been recognized for losses incurred in those tax jurisdictions.

On July 31, 2012, the Company’s liability for uncertain tax positions was approximately $10.8 million resulting from unrecognized tax benefits, excluding interest and penalties. During the nine months ended July 31, 2012, the Company increased its liability for uncertain tax positions, exclusive of interest and penalties, by $0.4 million.

If the Company’s positions are favorably sustained by the relevant taxing authority, approximately $9.5 million, excluding interest and penalties, of uncertain tax position liabilities would favorably impact the Company’s effective tax rate in future periods.

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Document and Entity Information	9 Months Ended
	Jul. 31, 2012	Sep. 03, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	QUIKSILVER INC
Entity Central Index Key	0000805305
Document Type	10-Q
Document Period End Date	Jul. 31, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--10-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		165,926,795

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Restructuring Charges

9 Months Ended

Jul. 31, 2012

Restructuring Charges [Abstract]

Restructuring Charges

11. Restructuring Charges

In connection with its cost reduction efforts, the Company formulated the Fiscal 2011 Cost Reduction Plan (the “2011 Plan”). The 2011 Plan covers the global operations of the Company, but is primarily concentrated in the United States. During the nine months ended July 31, 2012, the Company recorded $5.0 million in severance charges and $0.8 million in lease loss charges under the 2011 Plan as well as an additional $1.9 million in severance charges outside the scope of the 2011 Plan. The Company continues to evaluate its facilities, as well as its overall cost structure, and may incur future charges under the 2011 Plan.

Activity and liability balances recorded as part of the 2011 Plan are as follows:

In thousands	Workforce			Facility & Other			Total
Balance, November 1, 2010	$	—		$	—		$	—
Charged to expense		1,389			6,649			8,038
Cash payments		(313	)		(417	)		(730	)
Balance, October 31, 2011	$	1,076		$	6,232		$	7,308
Charged to expense		5,039			753			5,792
Cash payments		(3,381	)		(1,143	)		(4,524	)
Balance, July 31, 2012	$	2,734		$	5,842		$	8,576

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Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Condensed Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Tax on unrealized gain (loss) on derivative instruments	$ 3,080	$ 3,283	$ 9,388	$ (7,616)

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Intangible Assets and Goodwill

9 Months Ended

Jul. 31, 2012

Intangible Assets and Goodwill [Abstract]

Intangible Assets and Goodwill

5. Intangible Assets and Goodwill

A summary of intangible assets is as follows:

	July 31, 2012							October 31, 2011
In thousands	Gross Amount		Amorti- zation			Net Book Value		Gross Amount		Amorti- zation			Net Book Value
Amortizable trademarks	$	19,819	$	(10,296	)	$	9,523	$	20,174	$	(9,782	)	$	10,392
Amortizable licenses		14,082		(13,612	)		470		14,380		(12,822	)		1,558
Other amortizable intangibles		8,069		(5,360	)		2,709		9,029		(5,987	)		3,042
Non-amortizable trademarks		124,043		—			124,043		123,151		—			123,151
	$	166,013	$	(29,268	)	$	136,745	$	166,734	$	(28,591	)	$	138,143

Certain trademarks and licenses will continue to be amortized by the Company using estimated useful lives of 10 to 25 years with no residual values. Intangible amortization expense for each of the nine month periods ended July 31, 2012 and 2011 was $2.3 million. Annual amortization expense is estimated to be approximately $2.9 million in the fiscal year ending October 31, 2012 and approximately $1.6 million in the fiscal years ending October 31, 2013 through October 31, 2017.

Goodwill related to the Company’s operating segments is as follows:

In thousands	July 31, 2012		October 31, 2011
Americas	$	75,946	$	76,048
Europe		176,662		186,334
Asia/Pacific		6,207		6,207
	$	258,815	$	268,589

Goodwill decreased approximately $9.8 million during the nine months ended July 31, 2012. Goodwill decreased by $0.1 million in the Americas segment as a result of the effect of changes in foreign currency exchange rates and decreased by $9.7 million in the European segment as a result of a decrease of $17.2 million due to the effect of changes in foreign currency exchange rates, partially offset by an increase to goodwill of $7.5 million related to acquisitions. Goodwill remained unchanged in the Asia/Pacific segment.

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Inventories

9 Months Ended

Jul. 31, 2012

Inventories [Abstract]

Inventories

4. Inventories

Inventories consist of the following:

In thousands	July 31, 2012		October 31, 2011
Raw materials	$	6,144	$	9,130
Work in-process		1,266		2,647
Finished goods		383,642		335,980
	$	391,052	$	347,757

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Inventories (Tables)

9 Months Ended

Jul. 31, 2012

Inventories [Abstract]

Inventories

In thousands	July 31, 2012		October 31, 2011
Raw materials	$	6,144	$	9,130
Work in-process		1,266		2,647
Finished goods		383,642		335,980
	$	391,052	$	347,757

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Debt

9 Months Ended

Jul. 31, 2012

Debt [Abstract]

Debt

12. Debt

A summary of lines of credit and long-term debt is as follows:

In thousands	July 31, 2012		October 31, 2011
Asia/Pacific short-term lines of credit	$	15,032	$	18,335
Americas Credit Facility		61,700		21,042
Americas long-term debt		15,500		18,500
European credit facility		34,714		2,306
Senior Notes		400,000		400,000
European Senior Notes		245,489		282,925
Capital lease obligations and other borrowings		11,009		4,578
	$	783,444	$	747,686

As of July 31, 2012, the Company’s credit facilities allowed for total maximum cash borrowings and letters of credit of $371.9 million. The Company’s total maximum borrowings and actual availability fluctuate depending on the extent of assets comprising the Company’s borrowing base under certain credit facilities. The Company had $111.4 million of borrowings drawn on these credit facilities as of July 31, 2012, and letters of credit issued at that time totaled $51.9 million. The amount of availability for borrowings under these facilities as of July 31, 2012 was $117.4 million, $57.6 million of which could also be used for letters of credit in the United States. In addition to the $117.4 million of availability for borrowings, the Company also had $91.1 million in additional capacity for letters of credit in Europe and Asia/Pacific as of July 31, 2012. Many of the Company’s debt agreements contain customary default provisions and restrictive covenants. The Company is currently in compliance with such covenants.

In December 2010, Boardriders SA, a wholly owned subsidiary of the Company, issued €200 million (approximately $265 million at the date of issuance) in senior notes (“European Senior Notes”), which bear a coupon interest rate of 8.875% and are due December 15, 2017. The Company used the proceeds from the European Senior Notes to repay its then existing European term loans and to pay related fees and expenses. As a result, the Company recognized non-cash, non-operating charges during the nine months ended July 31, 2011 of approximately $13.7 million, included in interest expense, to write-off the deferred debt issuance costs related to such term loans.

The estimated fair values of the Company’s lines of credit and long-term debt are as follows:

In thousands	July 31, 2012
	Carrying Amount		Fair Value
Lines of credit	$	15,032	$	15,032
Long-term debt		768,412		749,508
	$	783,444	$	764,540

The fair value of the Company’s long-term debt is calculated based on the market price of the Company’s publicly traded Senior Notes, the trading price of the Company’s European Senior Notes and the carrying values of the majority of the Company’s other debt obligations. For the Company’s Senior Notes and European Senior Notes, the fair value is classified as a Level 1 measurement as the values are based on quoted market prices in active exchange markets.

The carrying value of the Company’s trade accounts receivable and accounts payable approximates fair value due to their short-term nature.

The Company’s non-financial instruments, which primarily consist of goodwill, other intangible assets and property and equipment, are not required to be measured at fair value on a recurring basis and are reported at carrying value. However, on a periodic basis, or whenever events or changes in circumstances indicate that their carrying value may not be fully recoverable, non-financial instruments are assessed for impairment and, if applicable, written-down to and recorded at fair value, considering both Level 2 and Level 3 valuation inputs.

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Derivative Financial Instruments

9 Months Ended

Jul. 31, 2012

Derivative Financial Instruments [Abstract]

Derivative Financial Instruments

8. Derivative Financial Instruments

The Company is exposed to gains and losses resulting from fluctuations in foreign currency exchange rates relating to certain sales, royalty income and product purchases of its international subsidiaries that are denominated in currencies other than their functional currencies. The Company is also exposed to foreign currency gains and losses resulting from domestic transactions that are not denominated in U.S. dollars. Furthermore, the Company is exposed to gains and losses resulting from the effect that fluctuations in foreign currency exchange rates have on the reported results in the Company’s consolidated financial statements due to the translation of the operating results and financial position of the Company’s international subsidiaries. As part of its overall strategy to manage the level of exposure to the risk of fluctuations in foreign currency exchange rates, the Company uses various foreign currency exchange contracts and intercompany loans.

The Company accounts for all of its cash flow hedges under ASC 815, “Derivatives and Hedging,” which requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the consolidated balance sheet. In accordance with ASC 815, the Company designates forward contracts as cash flow hedges of forecasted purchases of commodities.

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income (“OCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. As of July 31, 2012, the Company had hedged forecasted transactions expected to occur through October 2013. Assuming July 31, 2012 exchange rates remain constant, $8.9 million of gains, net of tax, related to hedges of these transactions are expected to be reclassified into earnings over the next fifteen months.

For the nine months ended July 31, 2012 and 2011, the effective portions of gains and losses on derivative instruments in the condensed consolidated statements of operations and the condensed consolidated statements of comprehensive income (loss) were as follows:

	Nine Months Ended July 31,
In thousands	2012			2011			Location
	Amount
Gain (loss) recognized in OCI on derivatives	$	23,613		$	(25,869	)	Other comprehensive income
Loss reclassified from accumulated OCI into income	$	(1,377	)	$	(2,994	)	Cost of goods sold
Loss reclassified from accumulated OCI into income	$	—		$	(1,033	)	Interest expense
(Loss) gain reclassified from accumulated OCI into income	$	(480	)	$	501		Foreign currency gain
Loss recognized in income on derivatives	$	(271	)	$	—		Foreign currency gain

On the date the Company enters into a derivative contract, management designates the derivative as a hedge of the identified exposure. Before entering into various hedge transactions, the Company formally documents all relationships between hedging instruments and hedged items, as well as the risk-management objective and strategy. In this documentation, the Company identifies the asset, liability, firm commitment, or forecasted transaction that has been designated as a hedged item and indicates how the hedging instrument is expected to hedge the risks related to the hedged item. The Company formally measures effectiveness of its hedging relationships both at the hedge inception and on an ongoing basis in accordance with its risk management policy. The Company would discontinue hedge accounting prospectively (i) if management determines that the derivative is no longer effective in offsetting changes in the cash flows of a hedged item, (ii) when the derivative expires or is sold, terminated, or exercised, (iii) if it becomes probable that the forecasted transaction being hedged by the derivative will not occur, (iv) because a hedged firm commitment no longer meets the definition of a firm commitment, or (v) if management determines that designation of the derivative as a hedge instrument is no longer appropriate.

The Company enters into forward exchange and other derivative contracts with major banks and is exposed to exchange rate losses in the event of nonperformance by these banks. The Company anticipates, however, that these banks will be able to fully satisfy their obligations under the contracts. Accordingly, the Company does not obtain collateral or other security to support the contracts.

As of July 31, 2012, the Company had the following outstanding derivative contracts that were entered into to hedge forecasted purchases and future cash receipts:

In thousands	Commodity	Notional Amount		Maturity	Fair Value
United States dollars	Inventory	$	265,870	Aug 2012 – Oct 2013	$	15,793
Swiss francs	Accounts receivable		3,168	Aug 2012 – Oct 2012		(134	)
British pounds	Accounts receivable		22,777	Aug 2012 – Oct 2013		(1,171	)
		$	291,815		$	14,488

ASC 820, “Fair Value Measurements and Disclosures,” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 also establishes a fair value hierarchy which prioritizes the valuation inputs into three broad levels. Based on the underlying inputs, each fair value measurement in its entirety is reported in one of the three levels. These levels are:

• Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. Level 1 assets and liabilities include debt and equity securities traded in an active exchange market, as well as U.S. Treasury securities.

• Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

• Level 3 – Valuation is determined using model-based techniques with significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of third party pricing services, option pricing models, discounted cash flow models and similar techniques.

The Company’s derivative assets and liabilities include foreign exchange derivatives that are measured at fair value using observable market inputs such as forward rates, interest rates, the Company’s credit risk and the Company’s counterparties’ credit risks. Based on these inputs, the Company’s derivative assets and liabilities are classified within Level 2 of the valuation hierarchy.

The following tables reflect the fair values of assets and liabilities measured and recognized at fair value on a recurring basis on the accompanying condensed consolidated balance sheets:

	Fair Value Measurements Using							Assets at Fair Value
In thousands	Level 1		Level 2			Level 3
	July 31, 2012
Derivative assets:
Other receivables	$	—	$	21,566		$	—	$	21,566
Other assets		—		—			—		—
Derivative liabilities:
Accrued liabilities		—		(5,774	)		—		(5,774	)
Other long-term liabilities		—		(1,304	)		—		(1,304	)
Total fair value	$	—	$	14,488		$	—	$	14,488

	Fair Value Measurements Using							Assets at Fair Value
In thousands	Level 1		Level 2			Level 3
	October 31, 2011
Derivative assets:
Other receivables	$	—	$	1,031		$	—	$	1,031
Other assets		—		1,610			—		1,610
Derivative liabilities:
Accrued liabilities		—		(12,297	)		—		(12,297	)
Other long-term liabilities		—		(688	)		—		(688	)
Total fair value	$	—	$	(10,344	)	$	—	$	(10,344	)

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Accumulated Other Comprehensive Income

9 Months Ended

Jul. 31, 2012

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

6. Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income include changes in fair value of derivative instruments qualifying as cash flow hedges and foreign currency translation adjustments. The components of accumulated other comprehensive income, net of tax, are as follows:

In thousands	July 31, 2012		October 31, 2011
Foreign currency translation adjustment	$	58,038	$	124,230
Gain (loss) on cash flow hedges		8,938		(8,103	)
	$	66,976	$	116,127

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Segment Information

9 Months Ended

Jul. 31, 2012

Segment Information [Abstract]

Segment Information

7. Segment Information

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the Company’s management in deciding how to allocate resources and in assessing performance. The Company operates in the outdoor market of the sporting goods industry in which the Company designs, markets and distributes clothing, footwear, accessories and related products. The Company currently operates in three segments: the Americas, Europe and Asia/Pacific. The Americas segment includes revenues from the U.S., Canada and Latin America. The European segment includes revenues primarily from Europe, the Middle East and Africa. The Asia/Pacific segment includes revenues primarily from Australia, Japan, New Zealand and Indonesia. Costs that support all three segments, including trademark protection, trademark maintenance and licensing functions, are part of corporate operations. Corporate operations also includes sourcing income and gross profit earned from the Company’s licensees. The Company’s largest customer accounted for approximately 3% of the Company’s net revenues from continuing operations for the nine months ended July 31, 2012 and 2011.

Information related to the Company’s operating segments is as follows:

	Three Months Ended July 31,
In thousands	2012			2011
Revenues, net:
Americas	$	286,136		$	260,159
Europe		154,076			176,438
Asia/Pacific		71,623			65,495
Corporate operations		604			1,225
	$	512,439		$	503,317
Gross profit:
Americas	$	126,101		$	115,065
Europe		88,136			106,451
Asia/Pacific		39,258			34,347
Corporate operations		(7	)		(745	)
	$	253,488		$	255,118
SG&A expense:
Americas	$	92,781		$	87,984
Europe		80,862			85,402
Asia/Pacific		37,747			36,314
Corporate operations		14,398			11,472
	$	225,788		$	221,172
Asset impairments:
Americas	$	141		$	—
Europe		—			—
Asia/Pacific		—			—
Corporate operations		—			—
	$	141		$	—
Operating income (loss):
Americas	$	33,179		$	27,081
Europe		7,274			21,049
Asia/Pacific		1,511			(1,967	)
Corporate operations		(14,405	)		(12,217	)
	$	27,559		$	33,946

	Nine Months Ended July 31,
In thousands	2012			2011
Revenues, net:
Americas	$	712,519		$	664,618
Europe		518,504			548,578
Asia/Pacific		220,242			190,636
Corporate operations		3,008			4,028
	$	1,454,273		$	1,407,860
Gross profit:
Americas	$	311,738		$	308,032
Europe		298,905			332,083
Asia/Pacific		113,361			101,842
Corporate operations		(417	)		(1,200	)
	$	723,587		$	740,757
SG&A expense:
Americas	$	270,669		$	256,117
Europe		250,160			250,388
Asia/Pacific		114,988			108,961
Corporate operations		44,396			32,890
	$	680,213		$	648,356
Asset impairments:
Americas	$	556		$	465
Europe		—			—
Asia/Pacific		—			74,145
Corporate operations		—			—
	$	556		$	74,610
Operating income (loss):
Americas	$	40,513		$	51,450
Europe		48,745			81,695
Asia/Pacific		(1,627	)		(81,264	)
Corporate operations		(44,813	)		(34,090	)
	$	42,818		$	17,791

	July 31, 2012		October 31, 2011
Identifiable assets:
Americas	$	580,941	$	577,643
Europe		734,332		750,378
Asia/Pacific		213,886		231,879
Corporate operations		197,925		204,323
	$	1,727,084	$	1,764,223

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Litigation Indemnities and Guarantees

9 Months Ended

Jul. 31, 2012

Litigation, Indemnities and Guarantees [Abstract]

Litigation, Indemnities and Guarantees

9. Litigation, Indemnities and Guarantees

The Company is involved from time to time in legal claims involving trademarks and intellectual property, licensing, employee relations and other matters incidental to its business. The Company believes the resolution of any such matter currently pending will not have a material adverse effect on its financial condition, results of operations or cash flows.

During its normal course of business, the Company has made certain indemnities, commitments and guarantees under which it may be required to make payments in relation to certain transactions. These include (i) intellectual property indemnities to the Company’s customers and licensees in connection with the use, sale and/or license of Company products, (ii) indemnities to various lessors in connection with facility leases for certain claims arising from such facility or lease, (iii) indemnities to vendors and service providers pertaining to claims based on the negligence or willful misconduct of the Company, and (iv) indemnities involving the accuracy of representations and warranties in certain contracts. The duration of these indemnities, commitments and guarantees varies and, in certain cases, may be indefinite. The majority of these indemnities, commitments and guarantees do not provide for any limitation of the maximum potential for future payments the Company could be obligated to make. As of July 31, 2012, the Company had not recorded any liability for these indemnities, commitments and guarantees in the accompanying condensed consolidated balance sheets.

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Earnings Per Share and Stock-Based Compensation (Details 3) (USD $)	9 Months Ended
	Jul. 31, 2012
Changes in non-vested shares under excluding performance options
Granted, Shares	375,000,000
Canceled, performance options	(834,302,000)
Non-Performance Based Options [Member]
Changes in non-vested shares under excluding performance options
Non-vested, Performance Options, October 31, 2011	7,356,508
Non-vested, October 31, 2011, Weighted Average Grant Date Fair Value	1.81
Granted, Shares	375,000
Granted, Weighted-Average Grant Date Fair Value	2.58
Vested , Shares	(2,022,824)
Vested ,Weighted-Average Grant Date Fair Value	2.06
Canceled, performance options	(72,342)
Canceled, Weighted-Average Grant Date Fair Value	1.78
Non-vested, Performance Options, July 31, 2012	5,636,342
Non-vested, July 31, 2012, Weighted Average Grant Date Fair Value	1.77

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Restructuring Charges (Details Textual) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Jul. 31, 2012
Restructuring charges (Textual) [Abstract]
Severance charges	$ 1.9
2011 Plan [Member]
Restructuring charges (Textual) [Abstract]
Severance charges	5.0
Lease loss charges	$ 0.8

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Basis of Presentation (Policies)

9 Months Ended

Jul. 31, 2012

Basis of Presentation [Abstract]

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statement presentation.

Earnings per Share and Stock-Based Compensation

The Company reports basic and diluted earnings per share (“EPS”). Basic EPS is based on the weighted average number of shares outstanding during the period, while diluted EPS additionally includes the dilutive effect of the Company’s outstanding stock options, warrants and shares of restricted stock computed using the treasury stock method.

New accounting pronouncements policy

In June 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2011-05, “Presentation of Comprehensive Income.” ASU 2011-05 requires the components of net income and other comprehensive income to be either presented in one continuous statement, referred to as the statement of comprehensive income, or in two separate, but consecutive statements. An entity is also required to present on the face of the financial statements reclassification adjustments for items that are reclassified from other comprehensive income to net income in the statement(s) where the components of net income and the components of other comprehensive income are presented. While the new guidance changes the presentation of comprehensive income, there are no changes to the components that are recognized in net income or other comprehensive income under current accounting guidance. This new guidance is effective for the Company beginning November 1, 2012 and requires retrospective application. As this guidance only amends the presentation of the components of comprehensive income, the adoption will not have an impact on the Company’s consolidated financial position or results of operations.

In September 2011, the FASB issued ASU 2011-08, “Testing Goodwill for Impairment.” ASU 2011-08 allows entities testing goodwill for impairment the option of performing a qualitative assessment to determine the likelihood of goodwill impairment and whether it is necessary to perform the two-step impairment test currently required. The updated guidance is effective for the Company on November 1, 2012, however early adoption is permitted. Based on the Company’s evaluation of this ASU, the adoption of this standard is not expected to have a material impact on the Company’s consolidated financial position or results of operations.

Fair value measurement policy

ASC 820, “Fair Value Measurements and Disclosures,” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 also establishes a fair value hierarchy which prioritizes the valuation inputs into three broad levels. Based on the underlying inputs, each fair value measurement in its entirety is reported in one of the three levels. These levels are:

• Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. Level 1 assets and liabilities include debt and equity securities traded in an active exchange market, as well as U.S. Treasury securities.

• Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

• Level 3 – Valuation is determined using model-based techniques with significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of third party pricing services, option pricing models, discounted cash flow models and similar techniques.

The Company’s derivative assets and liabilities include foreign exchange derivatives that are measured at fair value using observable market inputs such as forward rates, interest rates, the Company’s credit risk and the Company’s counterparties’ credit risks. Based on these inputs, the Company’s derivative assets and liabilities are classified within Level 2 of the valuation hierarchy.

Derivatives and Hedging

The Company accounts for all of its cash flow hedges under ASC 815, “Derivatives and Hedging,” which requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the consolidated balance sheet. In accordance with ASC 815, the Company designates forward contracts as cash flow hedges of forecasted purchases of commodities.

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Segment Information (Tables)

9 Months Ended

Jul. 31, 2012

Segment Information [Abstract]

Information related to the company's operating segments

	Three Months Ended July 31,
In thousands	2012			2011
Revenues, net:
Americas	$	286,136		$	260,159
Europe		154,076			176,438
Asia/Pacific		71,623			65,495
Corporate operations		604			1,225
	$	512,439		$	503,317
Gross profit:
Americas	$	126,101		$	115,065
Europe		88,136			106,451
Asia/Pacific		39,258			34,347
Corporate operations		(7	)		(745	)
	$	253,488		$	255,118
SG&A expense:
Americas	$	92,781		$	87,984
Europe		80,862			85,402
Asia/Pacific		37,747			36,314
Corporate operations		14,398			11,472
	$	225,788		$	221,172
Asset impairments:
Americas	$	141		$	—
Europe		—			—
Asia/Pacific		—			—
Corporate operations		—			—
	$	141		$	—
Operating income (loss):
Americas	$	33,179		$	27,081
Europe		7,274			21,049
Asia/Pacific		1,511			(1,967	)
Corporate operations		(14,405	)		(12,217	)
	$	27,559		$	33,946

	Nine Months Ended July 31,
In thousands	2012			2011
Revenues, net:
Americas	$	712,519		$	664,618
Europe		518,504			548,578
Asia/Pacific		220,242			190,636
Corporate operations		3,008			4,028
	$	1,454,273		$	1,407,860
Gross profit:
Americas	$	311,738		$	308,032
Europe		298,905			332,083
Asia/Pacific		113,361			101,842
Corporate operations		(417	)		(1,200	)
	$	723,587		$	740,757
SG&A expense:
Americas	$	270,669		$	256,117
Europe		250,160			250,388
Asia/Pacific		114,988			108,961
Corporate operations		44,396			32,890
	$	680,213		$	648,356
Asset impairments:
Americas	$	556		$	465
Europe		—			—
Asia/Pacific		—			74,145
Corporate operations		—			—
	$	556		$	74,610
Operating income (loss):
Americas	$	40,513		$	51,450
Europe		48,745			81,695
Asia/Pacific		(1,627	)		(81,264	)
Corporate operations		(44,813	)		(34,090	)
	$	42,818		$	17,791

Identifiable assets

	July 31, 2012		October 31, 2011
Identifiable assets:
Americas	$	580,941	$	577,643
Europe		734,332		750,378
Asia/Pacific		213,886		231,879
Corporate operations		197,925		204,323
	$	1,727,084	$	1,764,223

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Jul. 31, 2012
Income Taxes (Textual) [Abstract]
Liability for uncertain tax positions resulting from unrecognized tax benefits, excluding interest and penalties	$ 10.8
Liability for uncertain tax positions, exclusive of interest and penalties	0.4
Positions are favorably sustained by the relevant taxing authority, excluding interest and penalties	$ 9.5

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Accumulated Other Comprehensive Income (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Components of accumulated other comprehensive income
Foreign currency translation adjustment	$ 58,038	$ 124,230
Gain (loss) on cash flow hedges	8,938	(8,103)
Accumulated other comprehensive income, net of tax	$ 66,976	$ 116,127

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Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Current assets:
Cash and cash equivalents	$ 81,903	$ 109,753
Trade accounts receivable, less allowances of $43,468 (2012) and $48,670 (2011)	398,522	397,089
Other receivables	31,444	23,190
Income taxes receivable		4,265
Inventories	391,052	347,757
Deferred income taxes	14,691	32,808
Prepaid expenses and other current assets	32,678	25,429
Total current assets	950,290	940,291
Fixed assets, less accumulated depreciation and amortization of $261,342 (2012) and $255,267 (2011)	233,842	238,107
Intangible assets, net	136,745	138,143
Goodwill	258,815	268,589
Other assets	48,267	55,814
Deferred income taxes	99,125	123,279
Total assets	1,727,084	1,764,223
Current liabilities:
Lines of credit	15,032	18,335
Accounts payable	233,523	203,023
Accrued liabilities	111,140	132,944
Current portion of long-term debt	44,640	4,628
Income taxes payable	3,652
Total current liabilities	407,987	358,930
Long-term debt, net of current portion	723,772	724,723
Other long-term liabilities	32,249	57,948
Total liabilities	1,164,008	1,141,601
Commitments and contingencies - Note 9
Equity:
Preferred stock, $.01 par value, authorized shares - 5,000,000; issued and outstanding shares - none
Common stock, $.01 par value, authorized shares - 285,000,000; issued shares - 168,664,496 (2012) and 168,053,744 (2011)	1,687	1,681
Additional paid-in capital	539,124	531,633
Treasury stock, 2,885,200 shares	(6,778)	(6,778)
Accumulated deficit	(47,680)	(32,565)
Accumulated other comprehensive income	66,976	116,127
Total Quiksilver, Inc. stockholders' equity	553,329	610,098
Non-controlling interest	9,747	12,524
Total equity	563,076	622,622
Total liabilities and equity	$ 1,727,084	$ 1,764,223

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Earnings per Share and Stock-Based Compensation

9 Months Ended

Jul. 31, 2012

Earnings Per Share and Stock-Based Compensation [Abstract]

Earnings per Share and Stock-Based Compensation

3. Earnings per Share and Stock-Based Compensation

The Company reports basic and diluted earnings per share (“EPS”). Basic EPS is based on the weighted average number of shares outstanding during the period, while diluted EPS additionally includes the dilutive effect of the Company’s outstanding stock options, warrants and shares of restricted stock computed using the treasury stock method.

The table below sets forth the reconciliation of the denominator of each net income (loss) per share calculation:

	Three months ended July 31,				Nine months ended July 31,
In thousands	2012		2011		2012		2011
Shares used in computing basic net income (loss) per share		164,518		162,822		163,930		162,198
Dilutive effect of stock options and restricted stock (1)		1,918		5,044		—		—
Dilutive effect of stock warrants (1)		7,463		15,622		—		—
Shares used in computing diluted net income (loss) per share		173,899		183,488		163,930		162,198

⁽¹⁾ For the three months ended July 31, 2012 and 2011, additional stock options outstanding of 11,958,000 and 10,493,000, respectively, and additional warrant shares outstanding of 18,191,000 and 10,032,000, respectively, were excluded from the calculation of diluted EPS, as their effect would have been anti-dilutive based on the application of the treasury stock method. For the nine months ended July 31, 2012 and 2011, the shares used in computing diluted net loss per share do not include 3,345,000 and 5,185,000, respectively, of dilutive stock options and shares of restricted stock, nor 11,826,000 and 15,305,000, respectively, of dilutive warrant shares as the effect is anti-dilutive given the Company’s loss. For the nine months ended July 31, 2012 and 2011, additional stock options outstanding of 10,995,000 and 10,679,000, respectively, and additional warrant shares outstanding of 13,828,000 and 10,349,000, respectively, were excluded from the calculation of diluted EPS, as their effect would have been anti-dilutive based on the application of the treasury stock method.

The Company accounts for stock-based compensation under the fair value recognition provisions of ASC 718 “Stock Compensation.” Stock-based compensation expense is included as selling, general and administrative expense for the period.

In June 2011, the Company granted performance based options and performance based restricted stock units to certain key employees and executives. In addition to a required service period, the vesting of the options is contingent upon a combination of the Company’s achievement of specified annual performance targets and specified common stock price thresholds, while the vesting of the restricted stock units is contingent upon a required service period as well as the Company’s achievement of a specified common stock price threshold. In May 2012, the Company granted additional performance based restricted stock units. The Company believes that the granting of these awards serves to further align the interests of its employees and executives with those of its stockholders. Based on the vesting contingencies in the awards, the Company used a Monte-Carlo simulation in order to determine the grant date fair values of the awards. For the June 2011 grant, the assumptions used in the Monte-Carlo simulation for the options and restricted stock units included a risk-free interest rate of 3.0% and 1.7%, respectively, volatility of 67.3% and 82.0%, respectively, and zero dividend yield. The exercise price of the performance based options is $4.65. For the May 2012 grant, the assumptions used in the Monte-Carlo simulation for the restricted stock units included a risk-free interest rate of 0.7%, volatility of 91.4%, and zero dividend yield. Additionally, the options were assumed to be voluntarily exercised, or canceled if underwater, at the midpoint of vesting and the contractual term (the expected life assumption). The weighted average fair value of the options was $3.21 and the weighted average fair value of the restricted stock units was $3.88 for the June 2011 grant and $2.27 for the May 2012 grant.

Activity related to performance based options and performance based restricted stock units for the nine months ended July 31, 2012 is as follows:

	Performance Options		Performance Restricted Stock Units
Non-vested, October 31, 2011		936,000		7,520,000
Granted		—		700,000
Vested		—		—
Canceled		—		(590,625	)
Non-vested, July 31, 2012		936,000		7,629,375

As of July 31, 2012, the Company had approximately $2.0 million and $8.3 million of unrecognized compensation expense, net of estimated forfeitures, related to the performance options and the performance restricted stock units, respectively. This unrecognized compensation expense is expected to be recognized over a weighted average period of approximately 3.1 years and 0.7 years, respectively.

For non-performance based options, the Company uses the Black-Scholes option-pricing model to value compensation expense. Expected forfeitures are estimated at the date of grant based on historical rates and reduce the compensation expense recognized. The expected term of options granted is derived from historical data on employee exercises. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the date of grant. Expected volatility is based on the historical volatility of the Company’s stock. For the nine months ended July 31, 2012 and 2011, options were valued assuming a risk-free interest rate of 1.1% and 1.9%, respectively, volatility of 76.5% and 82.4%, respectively, zero dividend yield, and an expected life of 7.1 and 5.3 years, respectively. The weighted average fair value of options granted was $2.58 and $3.39 for the nine months ended July 31, 2012 and 2011, respectively. The Company records stock-based compensation expense using the graded vested method over the vesting period, which is generally three years. As of July 31, 2012, the Company had approximately $3.0 million of unrecognized compensation expense, for non-performance based options, expected to be recognized over a weighted average period of approximately 1.6 years.

Changes in shares under option, excluding performance options, for the nine months ended July 31, 2012 are as follows:

Dollar amounts in thousands, except per share amounts	Shares			Weighted Average Price		Weighted Average Life		Aggregate Intrinsic Value
Outstanding, October 31, 2011		13,399,381		$	4.40
Granted		375,000			3.66
Exercised		(104,664	)		2.17			$	153
Canceled		(834,302	)		3.98
Outstanding, July 31, 2012		12,835,415		$	4.42		5.4	$	4,286
Options exercisable, July 31, 2012		7,199,073		$	5.23		3.9	$	2,072

Changes in non-vested shares under option, excluding performance options, for the nine months ended July 31, 2012 are as follows:

	Shares			Weighted- Average Grant Date Fair Value
Non-vested, October 31, 2011		7,356,508		$	1.81
Granted		375,000			2.58
Vested		(2,022,824	)		2.06
Canceled		(72,342	)		1.78
Non-vested, July 31, 2012		5,636,342		$	1.77

In March 2007, the Company’s stockholders approved an amendment to the 2000 Stock Incentive Plan whereby restricted stock and restricted stock units can be issued from such plan. Stock issued under these plans generally vests from three to five years. In March 2010, the Company’s stockholders approved a grant of 3,000,000 shares of restricted stock to a Company sponsored athlete, Kelly Slater. In accordance with the terms of the related restricted stock agreement, 2,400,000 shares have already vested, with the remaining 600,000 shares to vest in April 2013. In March 2011 and 2010, the Company’s stockholders approved an amendment to the 2000 Stock Incentive Plan that increased the maximum number of total shares and the maximum number of restricted shares issuable under the plan by 10,000,000 shares and 300,000 shares, respectively.

Changes in restricted stock for the nine months ended July 31, 2012 are as follows:

	Shares
Outstanding, October 31, 2011		1,911,669
Granted		105,000
Vested		(875,002	)
Forfeited		(60,000	)
Outstanding, July 31, 2012		1,081,667

Compensation expense for restricted stock is determined using the intrinsic value method and expected forfeitures are estimated at the date of grant based on historical rates and reduce the compensation expense recognized. As of July 31, 2012, the Company had approximately $0.7 million of unrecognized compensation expense expected to be recognized over a weighted average period of approximately 1.1 years.

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Condensed Consolidating Financial Information (Details Textual) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Condensed Consolidating Financial Information (Textual) [Abstract]
Publicly registered senior notes	$ 783,444	$ 747,686
Senior Notes [Member]
Condensed Consolidating Financial Information (Textual) [Abstract]
Publicly registered senior notes	$ 400,000	$ 400,000

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Derivative Financial Instruments (Tables)

9 Months Ended

Jul. 31, 2012

Derivative Financial Instruments [Abstract]

Gains and losses on derivative instruments

	Nine Months Ended July 31,
In thousands	2012			2011			Location
	Amount
Gain (loss) recognized in OCI on derivatives	$	23,613		$	(25,869	)	Other comprehensive income
Loss reclassified from accumulated OCI into income	$	(1,377	)	$	(2,994	)	Cost of goods sold
Loss reclassified from accumulated OCI into income	$	—		$	(1,033	)	Interest expense
(Loss) gain reclassified from accumulated OCI into income	$	(480	)	$	501		Foreign currency gain
Loss recognized in income on derivatives	$	(271	)	$	—		Foreign currency gain

Outstanding derivative contracts that were entered into hedge forecasted purchases and future cash receipts

In thousands	Commodity	Notional Amount		Maturity	Fair Value
United States dollars	Inventory	$	265,870	Aug 2012 – Oct 2013	$	15,793
Swiss francs	Accounts receivable		3,168	Aug 2012 – Oct 2012		(134	)
British pounds	Accounts receivable		22,777	Aug 2012 – Oct 2013		(1,171	)
		$	291,815		$	14,488

Fair values of assets and liabilities measured and recognized at fair value

	Fair Value Measurements Using							Assets at Fair Value
In thousands	Level 1		Level 2			Level 3
	July 31, 2012
Derivative assets:
Other receivables	$	—	$	21,566		$	—	$	21,566
Other assets		—		—			—		—
Derivative liabilities:
Accrued liabilities		—		(5,774	)		—		(5,774	)
Other long-term liabilities		—		(1,304	)		—		(1,304	)
Total fair value	$	—	$	14,488		$	—	$	14,488

	Fair Value Measurements Using							Assets at Fair Value
In thousands	Level 1		Level 2			Level 3
	October 31, 2011
Derivative assets:
Other receivables	$	—	$	1,031		$	—	$	1,031
Other assets		—		1,610			—		1,610
Derivative liabilities:
Accrued liabilities		—		(12,297	)		—		(12,297	)
Other long-term liabilities		—		(688	)		—		(688	)
Total fair value	$	—	$	(10,344	)	$	—	$	(10,344	)

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Intangible Assets and Goodwill (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2011
Intangible Assets
Amortization	$ (29,268)	$ (28,591)
Gross Amount, Total	166,013	166,734
Intangible assets, net	136,745	138,143
Non Amortizable Trademarks [Member]
Intangible Assets
Gross Amount	124,043	123,151
Net Book Value	124,043	123,151
Amortizable trademarks [Member]
Intangible Assets
Gross Amount	19,819	20,174
Amortization	(10,296)	(9,782)
Net Book Value	9,523	10,392
Amortizable licenses [Member]
Intangible Assets
Gross Amount	14,082	14,380
Amortization	(13,612)	(12,822)
Net Book Value	470	1,558
Other Amortizable Intangibles [Member]
Intangible Assets
Gross Amount	8,069	9,029
Amortization	(5,360)	(5,987)
Net Book Value	$ 2,709	$ 3,042

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Condensed Consolidating Financial Information

9 Months Ended

Jul. 31, 2012

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Information

13. Condensed Consolidating Financial Information

The Company has $400 million in publicly registered Senior Notes. Obligations under the Company’s Senior Notes are fully and unconditionally guaranteed by certain of its domestic subsidiaries. The Company is required to present condensed consolidating financial information for Quiksilver, Inc. and its domestic subsidiaries within the notes to the condensed consolidated financial statements in accordance with the criteria established for parent companies in the SEC’s Regulation S-X, Rule 3-10(f). The following condensed consolidating financial information presents the results of operations, financial position and cash flows of Quiksilver Inc., its guarantor subsidiaries, its non-guarantor subsidiaries and the eliminations necessary to arrive at the information for the Company on a consolidated basis as of July 31, 2012 and October 31, 2011 and for the three and nine month periods ended July 31, 2012 and 2011. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. The Company has applied the estimated consolidated annual effective income tax rate to both the guarantor and non-guarantor subsidiaries, adjusting for any discrete items, for interim reporting purposes. In the Company’s consolidated financial statements for the fiscal year ending October 31, 2012, management will apply the actual income tax rates to both the guarantor and non-guarantor subsidiaries. These interim tax rates may differ from the actual annual effective income tax rates for both the guarantor and non-guarantor subsidiaries.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Three Months Ended July 31, 2012

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	117		$	258,595	$	285,858		$	(32,131	)	$	512,439
Cost of goods sold		—			152,405		130,167			(23,621	)		258,951
Gross profit		117			106,190		155,691			(8,510	)		253,488
Selling, general and administrative expense		13,533			81,506		137,695			(6,946	)		225,788
Asset impairments		—			141		—			—			141
Operating (loss) income		(13,416	)		24,543		17,996			(1,564	)		27,559
Interest expense		7,253			1,245		6,336			—			14,834
Foreign currency (gain) loss		(185	)		22		(2,079	)		—			(2,242	)
Equity in earnings		(33,094	)		—		—			33,094			—
Income before provision for income taxes		12,610			23,276		13,739			(34,658	)		14,967
Provision for income taxes		—			513		1,995			—			2,508
Net income		12,610			22,763		11,744			(34,658	)		12,459
Net loss (income) attributable to non-controlling interest		—			234		(83	)		—			151
Net income attributable to Quiksilver, Inc.	$	12,610		$	22,997	$	11,661		$	(34,658	)	$	12,610

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Three Months Ended July 31, 2011

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	116		$	216,614		$	302,377		$	(15,790	)	$	503,317
Cost of goods sold		—			122,044			133,825			(7,670	)		248,199
Gross profit		116			94,570			168,552			(8,120	)		255,118
Selling, general and administrative expense		11,366			75,528			140,199			(5,921	)		221,172
Operating (loss) income		(11,250	)		19,042			28,353			(2,199	)		33,946
Interest expense		7,225			1,197			7,241			—			15,663
Foreign currency gain		(23	)		(646	)		(787	)		—			(1,456	)
Equity in earnings		(28,889	)		—			—			28,889			—
Income before provision for income taxes		10,437			18,491			21,899			(31,088	)		19,739
Provision for income taxes		—			1,223			7,773			—			8,996
Net income		10,437			17,268			14,126			(31,088	)		10,743
Net income attributable to non-controlling interest		—			(306	)		—			—			(306	)
Net income attributable to Quiksilver, Inc.	$	10,437		$	16,962		$	14,126		$	(31,088	)	$	10,437

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Nine Months Ended July 31, 2012

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	353		$	615,658		$	919,474		$	(81,212	)	$	1,454,273
Cost of goods sold		—			366,655			422,012			(57,981	)		730,686
Gross profit		353			249,003			497,462			(23,231	)		723,587
Selling, general and administrative expense		43,318			233,937			425,162			(22,204	)		680,213
Asset impairments		—			556			—			—			556
Operating (loss) income		(42,965	)		14,510			72,300			(1,027	)		42,818
Interest expense		21,732			3,930			19,802			—			45,464
Foreign currency (gain) loss		(298	)		31			(4,434	)		—			(4,701	)
Equity in earnings		(49,284	)		—			—			49,284			—
(Loss) income before provision for income taxes		(15,115	)		10,549			56,932			(50,311	)		2,055
Provision for income taxes		—			945			13,968			—			14,913
Net (loss) income		(15,115	)		9,604			42,964			(50,311	)		(12,858	)
Net income attributable to non-controlling interest		—			(1,886	)		(371	)		—			(2,257	)
Net (loss) income attributable to Quiksilver, Inc.	$	(15,115	)	$	7,718		$	42,593		$	(50,311	)	$	(15,115	)

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

Nine Months Ended July 31, 2011

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	348		$	532,662		$	910,923		$	(36,073	)	$	1,407,860
Cost of goods sold		—			289,527			392,799			(15,223	)		667,103
Gross profit		348			243,135			518,124			(20,850	)		740,757
Selling, general and administrative expense		29,960			220,425			416,353			(18,382	)		648,356
Asset impairments		—			465			74,145			—			74,610
Operating (loss) income		(29,612	)		22,245			27,626			(2,468	)		17,791
Interest expense		21,646			2,970			35,111			—			59,727
Foreign currency loss (gain)		34			(245	)		(5,675	)		—			(5,886	)
Equity in earnings		37,864			—			—			(37,864	)		—
(Loss) income before (benefit) provision for income taxes		(89,156	)		19,520			(1,810	)		35,396			(36,050	)
(Benefit) provision for income taxes		—			(616	)		50,553			—			49,937
Net (loss) income		(89,156	)		20,136			(52,363	)		35,396			(85,987	)
Net income attributable to non-controlling interest		—			(3,169	)		—			—			(3,169	)
Net (loss) income attributable to Quiksilver, Inc.	$	(89,156	)	$	16,967		$	(52,363	)	$	35,396		$	(89,156	)

CONDENSED CONSOLIDATING BALANCE SHEET

At July 31, 2012

In thousands	Quiksilver, Inc.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	15	$	2,421		$	79,467		$	—		$	81,903
Trade accounts receivable, net		—		172,969			225,553			—			398,522
Other receivables		25		5,053			26,366			—			31,444
Inventories		—		118,236			274,380			(1,564	)		391,052
Deferred income taxes		—		(1,182	)		15,873			—			14,691
Prepaid expenses and other current assets		2,373		12,237			18,068			—			32,678
Total current assets		2,413		309,734			639,707			(1,564	)		950,290
Fixed assets, net		18,384		69,887			145,571			—			233,842
Intangible assets, net		3,134		48,025			85,586			—			136,745
Goodwill		—		112,216			146,599			—			258,815
Other assets		3,175		3,177			41,915			—			48,267
Deferred income taxes		—		(16,682	)		115,807			—			99,125
Investment in subsidiaries		1,083,565		—			—			(1,083,565	)		—
Total assets	$	1,110,671	$	526,357		$	1,175,185		$	(1,085,129	)	$	1,727,084
LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	—	$	—		$	15,032		$	—		$	15,032
Accounts payable		2,192		98,037			133,294			—			233,523
Accrued liabilities		13,033		29,118			68,989			—			111,140
Current portion of long-term debt		—		8,594			36,046			—			44,640
Income taxes payable		—		(7,199	)		10,851			—			3,652
Intercompany balances		142,117		(82,808	)		(59,309	)		—			—
Total current liabilities		157,342		45,742			204,903			—			407,987
Long-term debt, net of current portion		400,000		75,700			248,072			—			723,772
Other long-term liabilities		—		20,515			11,734			—			32,249
Total liabilities		557,342		141,957			464,709			—			1,164,008
Stockholders’/invested equity		553,329		376,788			708,341			(1,085,129	)		553,329
Non-controlling interest		—		7,612			2,135			—			9,747
Total liabilities and equity	$	1,110,671	$	526,357		$	1,175,185		$	(1,085,129	)	$	1,727,084

CONDENSED CONSOLIDATING BALANCE SHEET

At October 31, 2011

In thousands	Quiksilver, Inc.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	17	$	1,331		$	108,405		$	—		$	109,753
Trade accounts receivable, net		—		150,782			246,307			—			397,089
Other receivables		122		5,918			17,150			—			23,190
Income taxes receivable		—		21,338			(17,073	)		—			4,265
Inventories		—		115,456			234,266			(1,965	)		347,757
Deferred income taxes		—		(1,182	)		33,990			—			32,808
Prepaid expenses and other current assets		2,378		8,525			14,526			—			25,429
Total current assets		2,517		302,168			637,571			(1,965	)		940,291
Fixed assets, net		17,602		64,943			155,562			—			238,107
Intangible assets, net		3,007		48,743			86,393			—			138,143
Goodwill		—		112,216			156,373			—			268,589
Other assets		4,457		3,936			47,421			—			55,814
Deferred income taxes		—		(16,682	)		139,961			—			123,279
Investment in subsidiaries		1,082,427		—			—			(1,082,427	)		—
Total assets	$	1,110,010	$	515,324		$	1,223,281		$	(1,084,392	)	$	1,764,223
LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	—	$	—		$	18,335		$	—		$	18,335
Accounts payable		2,510		88,280			112,233			—			203,023
Accrued liabilities		6,673		30,088			96,183			—			132,944
Current portion of long-term debt		—		3,000			1,628			—			4,628
Intercompany balances		90,729		(44,001	)		(46,728	)		—			—
Total current liabilities		99,912		77,367			181,651			—			358,930
Long-term debt, net of current portion		400,000		36,542			288,181			—			724,723
Other long-term liabilities		—		41,219			16,729			—			57,948
Total liabilities		499,912		155,128			486,561			—			1,141,601
Stockholders’/invested equity		610,098		347,995			736,397			(1,084,392	)		610,098
Non-controlling interest		—		12,201			323			—			12,524
Total liabilities and equity	$	1,110,010	$	515,324		$	1,223,281		$	(1,084,392	)	$	1,764,223

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Nine Months Ended July 31, 2012

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(15,115	)	$	9,604		$	42,964		$	(50,311	)	$	(12,858	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization		1,598			13,338			24,501			—			39,437
Stock-based compensation		17,272			—			—			—			17,272
Provision for doubtful accounts		—			(2,530	)		4,131			—			1,601
Asset impairments		—			556			—			—			556
Equity in earnings		(49,284	)		—			(19	)		49,284			(19	)
Non-cash interest expense		1,111			1,190			513			—			2,814
Deferred income taxes		—			—			9,349			—			9,349
Other adjustments to reconcile net (loss) income		(322	)		36			(2,008	)		—			(2,294	)
Changes in operating assets and liabilities:
Trade accounts receivable		—			(19,657	)		(6,048	)		—			(25,705	)
Inventories		—			(3,095	)		(53,616	)		1,027			(55,684	)
Other operating assets and liabilities		4,623			416			3,611			—			8,650
Net cash (used in) provided by operating activities		(40,117	)		(142	)		23,378			—			(16,881	)
Cash flows from investing activities:
Capital expenditures		(2,861	)		(18,736	)		(25,580	)		—			(47,177	)
Business acquisitions, net of cash acquired		—			—			(9,117	)		—			(9,117	)
Net cash used in investing activities		(2,861	)		(18,736	)		(34,697	)		—			(56,294	)
Cash flows from financing activities:
Borrowings on lines of credit		—			—			11,377			—			11,377
Payments on lines of credit		—			—			(12,326	)		—			(12,326	)
Borrowings on long-term debt		—			80,500			46,534			—			127,034
Payments on long-term debt		—			(43,856	)		(13,657	)		—			(57,513	)
Stock option exercises and employee stock purchases		1,335			—			—			—			1,335
Transactions with non-controlling interest owners		—			(11,000	)		—			—			(11,000	)
Intercompany		41,641			(5,676	)		(35,965	)		—			—
Net cash provided by (used in) financing activities		42,976			19,968			(4,037	)		—			58,907
Effect of exchange rate changes on cash		—			—			(13,582	)		—			(13,582	)
Net (decrease) increase in cash and cash equivalents		(2	)		1,090			(28,938	)		—			(27,850	)
Cash and cash equivalents, beginning of period		17			1,331			108,405			—			109,753
Cash and cash equivalents, end of period	$	15		$	2,421		$	79,467		$	—		$	81,903

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Nine Months Ended July 31, 2011

In thousands	Quiksilver, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(89,156	)	$	20,136		$	(52,363	)	$	35,396		$	(85,987	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization		1,190			14,945			24,019			—			40,154
Stock-based compensation		9,916			—			—			—			9,916
Provision for doubtful accounts		—			2,699			5,913			—			8,612
Asset impairments		—			465			74,145			—			74,610
Equity in earnings		37,864			(158	)		(472	)		(37,864	)		(630	)
Non-cash interest expense		1,034			1,291			15,742			—			18,067
Deferred income taxes		—			1,586			44,329			—			45,915
Other adjustments to reconcile net (loss) income		33			484			(3,081	)		—			(2,564	)
Changes in operating assets and liabilities:
Trade accounts receivable		—			(21,912	)		2,827			—			(19,085	)
Inventories		—			(21,504	)		(64,303	)		2,468			(83,339	)
Other operating assets and liabilities		5,277			3,200			33,027			—			41,504
Net cash (used in) provided by operating activities		(33,842	)		1,232			79,783			—			47,173
Cash flows from investing activities:
Capital expenditures		(9,195	)		(22,177	)		(15,316	)		—			(46,688	)
Business acquisitions, net of cash acquired		—			(528	)		(5,050	)		—			(5,578	)
Net cash used in investing activities		(9,195	)		(22,705	)		(20,366	)		—			(52,266	)
Cash flows from financing activities:
Borrowings on lines of credit		—			—			14,807			—			14,807
Payments on lines of credit		—			—			(29,172	)		—			(29,172	)
Borrowings on long-term debt		—			21,500			270,967			—			292,467
Payments on long-term debt		—			(1,675	)		(259,143	)		—			(260,818	)
Payments of debt issuance costs		—			—			(6,308	)		—			(6,308	)
Stock option exercises and employee stock purchases		4,116			—			—			—			4,116
Intercompany		39,034			(37,124	)		(1,910	)		—			—
Net cash provided by (used in) financing activities		43,150			(17,299	)		(10,759	)		—			15,092
Effect of exchange rate changes on cash		—			—			(4,382	)		—			(4,382	)
Net increase (decrease) in cash and cash equivalents		113			(38,772	)		44,276			—			5,617
Cash and cash equivalents, beginning of period		164			39,172			81,257			—			120,593
Cash and cash equivalents, end of period	$	277		$	400		$	125,533		$	—		$	126,210