Derivative Financial Instruments (Tables)

12 Months Ended

Oct. 31, 2012

Gains and Losses on Derivative Instruments

For the years ended October 31, 2012, 2011, and 2010 the effective portions of gains and losses on derivative instruments in the consolidated statements of operations and the consolidated statements of comprehensive income/(loss) were as follows:

	Year Ended October 31,
In thousands	2012			2011			2010			Location
Gain/(loss) recognized in OCI on derivatives	$	17,397		$	(18,149	)	$	15,039		Other comprehensive (loss)/income
Gain/(loss) reclassified from accumulated OCI into income	$	929		$	(8,513	)	$	(5,712	)	Cost of goods sold
Loss reclassified from accumulated OCI into income	$	—		$	(1,033	)	$	—		Interest expense
(Loss)/gain reclassified from accumulated OCI into income	$	(1,031	)	$	137		$	(894	)	Foreign currency gain
Loss recognized in income on derivatives	$	(271	)	$	—		$	(816	)	Foreign currency gain

Outstanding Derivative Contracts that were Entered into Hedge Forecasted Purchases and Future Cash Receipts

As of October 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 dollar	Inventory	$	262,798		Nov 2012 – Oct 2013	$	7,906
British pounds	Accounts receivable		16,857		Nov 2012 – Oct 2013		(410	)
		$	279,655			$	7,496

Fair Values of Assets and Liabilities Measured and Recognized at Fair Value

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

	Fair Value Measurements Using							Assets (Liabilities)
In thousands	Level 1		Level 2			Level 3		at Fair Value
		October 31, 2012:
Derivative assets:
Other receivables	$	—	$	11,356		$	—	$	11,356
Derivative liabilities:
Accrued liabilities		—		(3,860	)		—		(3,860	)
Total fair value	$	—	$	7,496		$	—	$	7,496
		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	)