Derivative Financial Instruments (Tables)

9 Months Ended

12 Months Ended

Jul. 31, 2013

Oct. 31, 2012

Gains and Losses on Derivative Instruments

For the nine months ended July 31, 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 income/(loss) were as follows:

	Nine Months Ended July 31,
In thousands	2013		2012			Location
	Amount
Gain recognized in OCI on derivatives	$	3,517	$	23,613		Other comprehensive income
Gain/(loss) reclassified from accumulated OCI into income	$	7,355	$	(1,377	)	Cost of goods sold
Gain/(loss) reclassified from accumulated OCI into income	$	98	$	(480	)	Foreign currency gain
Loss recognized in income on derivatives	$	—	$	(271	)	Foreign currency gain

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 Entered into Hedge Forecasted Purchases and Future Cash Receipts

As of July 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	$	100,549	Aug 2013 - Oct 2014	$	3,181
British pounds	Accounts receivable		4,132	Aug 2013 - Oct 2013		243
		$	104,681		$	3,424

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 condensed consolidated balance sheets:

	Fair Value Measurements Using
In thousands	Level 1		Level 2			Level 3		Fair Value
July 31, 2013
Derivative assets:
Other receivables	$	—	$	3,471		$	—	$	3,471
Other assets		—		293			—		293
Derivative liabilities:
Accrued liabilities		—		(340	)		—		(340	)
Other long-term liabilities		—		—			—		—
Total fair value	$	—	$	3,424		$	—	$	3,424
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

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) at Fair Value
In thousands	Level 1		Level 2			Level 3
	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	)