Derivative Financial Instruments (Tables)

3 Months Ended

Jan. 31, 2013

Gains and Losses on Derivative Instruments

For the first quarter of fiscal 2013 and 2012, the effective portions of gains and losses on derivative instruments in the condensed consolidated statements of operations and the condensed consolidated statements of comprehensive loss were as follows:

In thousands	2013			2012			Location
(Loss)/gain recognized in OCI on derivatives	$	(3,015	)	$	16,690			Other comprehensive income
Gain/(loss) reclassified from accumulated OCI into income		1,866			(3,075	)		Cost of goods sold
Loss reclassified from accumulated OCI into income		(135	)		(20	)		Foreign currency gain
Gain recognized in income on derivatives		—			181			Foreign currency gain

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

As of January 31, 2013, 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	$	175,930		Feb 2013 – Oct 2013	$	2,477
British pounds	Accounts receivable		11,983		Feb 2013 – Oct 2013		472
		$	187,913			$	2,949

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 condensed consolidated balance sheets as of the dates indicated:

	Fair Value Measurements Using
In thousands	Level 1		Level 2			Level 3		Fair Value
January 31, 2013:
Derivative assets:
Other receivables	$	—	$	6,734		$	—	$	6,734
Derivative liabilities:
Accrued liabilities		—		(3,785	)		—		(3,785	)
Total fair value	$	—	$	2,949		$	—	$	2,949
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