Derivative Financial Instruments (Tables)

6 Months Ended

Apr. 30, 2013

Gains and Losses on Derivative Instruments

For the first half ended April 30, 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:

	First Half Ended April 30,
	2013			2012
In thousands	Amount						Location
Gain recognized in OCI on derivatives	$	721		$	14,949		Other comprehensive income
Gain/(loss) reclassified from accumulated OCI into income	$	3,806		$	(2,174	)	Cost of goods sold
Loss reclassified from accumulated OCI into income	$	(32	)	$	(203	)	Foreign currency loss
Loss recognized in income on derivatives	$	—		$	(132	)	Foreign currency loss

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

As of April 30, 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	$	151,234	May 2013 – Oct 2014	$	4,378
British pounds	Accounts receivable		8,840	May 2013 – Oct 2013		242
		$	160,074		$	4,620

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
April 30, 2013
Derivative assets:
Other receivables	$	—	$	6,480		$	—	$	6,480
Other assets		—		507			—		507
Derivative liabilities:
Accrued liabilities		—		(2,367	)		—		(2,367	)
Other long-term liabilities		—		—			—		—
Total fair value	$	—	$	4,620		$	—	$	4,620
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