v3.26.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
6 Months Ended
Apr. 30, 2026
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  
Schedule of fair value of derivative instruments As of April 30, 2026, and October 31, 2025, all derivative instruments were recorded at fair value on our Condensed Consolidated Balance Sheets as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

April 30, 2026

​

October 31, 2025

​

​

Balance Sheet

​

Fair

​

Balance Sheet

​

Fair

Derivatives

  ​ ​ ​

Location

  ​ ​ ​

Value

  ​ ​ ​

Location

  ​ ​ ​

Value

Designated as Hedging Instruments:

​

  ​

​

​

  ​

​

  ​

​

​

  ​

Foreign exchange forward contracts

​

Derivative assets

​

$

43

​

Derivative assets

​

$

215

Foreign exchange forward contracts

​

Derivative liabilities

​

$

1,124

​

Derivative liabilities

​

$

945

​

​

  ​

​

 

​

​

​

​

 

  ​

Not Designated as Hedging Instruments:

​

  ​

​

 

​

​

​

​

​

  ​

Foreign exchange forward contracts

​

Derivative assets

​

$

89

​

Derivative assets

​

$

48

Foreign exchange forward contracts

​

Derivative liabilities

​

$

1,583

​

Derivative liabilities

​

$

2,139

Schedule of effect of derivative instruments on the balance sheets, statements of changes in shareholders' equity and statements of operations

Derivative instruments had the following effects on our Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Changes in Shareholders’ Equity, and Condensed Consolidated Statements of Operations, net of tax, during the three months ended April 30, 2026 and 2025 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Location of Gain

​

Amount of Gain

​

​

Amount of Gain (Loss)

​

 (Loss) Reclassified

​

 (Loss) Reclassified

​

​

Recognized in Other

​

from Other

​

from Other

​

​

 Comprehensive

​

Comprehensive

​

Comprehensive

Derivatives

​

Income (Loss)

​

Income (Loss)

​

Income (Loss)

​

​

Three Months Ended

​

​

​

Three Months Ended

​

​

April 30, 

​

​

​

April 30, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

Designated as Hedging Instruments:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Effective portion)

 

​

  ​

​

​

​

​

  ​

​

​

  ​

 

​

​

Foreign exchange forward contracts
– Intercompany sales/purchases

​

$

(189)

​

$

(411)

​

Cost of sales and service

​

$

(186)

 

$

(285)

Foreign exchange forward contract
– Net investment

​

$

48

​

$

(202)

​

  ​

​

 

  ​

  ​

 

  ​

Derivative instruments had the following effects on our Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Changes in Shareholders’ Equity, and Condensed Consolidated Statements of Operations, net of tax, during the six months ended April 30, 2026 and 2025 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Location of Gain

​

Amount of Gain

​

​

​

Amount of Gain (Loss)

​

 (Loss) Reclassified

​

 (Loss) Reclassified

​

​

​

Recognized in Other

​

from Other

​

from Other

​

​

​

 Comprehensive

​

Comprehensive

​

Comprehensive

​

​

​

Income (Loss)

​

Income (Loss)

​

Income (Loss)

​

​

​

Six Months Ended

​

​

​

Six Months Ended

​

​

​

April 30, 

​

​

​

April 30, 

​

Derivatives

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Designated as Hedging Instruments:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Effective Portion)

 

​

  ​

​

​

​

​

  ​

​

​

  ​

 

​

​

 

Foreign exchange forward contracts
– Intercompany sales/purchases

​

$

(920)

​

$

(507)

​

Cost of sales and service

​

$

(328)

 

$

(807)

​

Foreign exchange forward contract
– Net investment

​

$

(21)

​

$

(96)

​

  ​

​

 

  ​

  ​

 

  ​

​

Schedule of derivative instruments not designated as hedging instruments We recognized the following gains and losses in our Condensed Consolidated Statements of Operations during the three months ended April 30, 2026 and 2025, on derivative instruments not designated as hedging instruments (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

Location of Gain 

​

​

​

​

​

​

​

​

(Loss) Recognized

​

Amount of Gain (Loss)

Derivatives

  ​ ​ ​

 in Operations

​

Recognized in Operations

​

​

​

​

Three Months Ended

​

​

​

​

April 30, 

​

​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

Not Designated as Hedging Instruments:

 

  ​

 

​

  ​

 

​

​

Foreign exchange forward contracts

 

Other expense, net

​

$

(762)

 

$

(684)

We recognized the following gains and losses in our Condensed Consolidated Statements of Operations during the six months ended April 30, 2026 and 2025, on derivative instruments not designated as hedging instruments (in thousands):
Schedule of changes in the components of accumulated other comprehensive loss, net of tax

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the three months ended April 30, 2026 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreign Currency

​

Cash Flow

​

​

​

​

  ​ ​ ​

Translation

​

Hedges

  ​ ​ ​

Total

Balance, January 31, 2026

​

$

(8,056)

​

$

(1,560)

​

$

(9,616)

Other comprehensive income (loss) before reclassifications

​

 

(725)

​

​

(189)

​

 

(914)

Reclassifications

​

 

—

​

​

186

​

 

186

Deferred income tax valuation allowances

​

 

—

​

​

13

​

 

13

Balance, April 30, 2026

​

$

(8,781)

​

$

(1,550)

​

$

(10,331)

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the six months ended April 30, 2026 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreign Currency

​

Cash Flow

​

​

​

​

​

Translation

​

Hedges

​

​

​

​

​

Foreign

​

Cash

​

​

​

​

​

Currency

​

Flow

​

​

​

​

  ​ ​ ​

Translation

  ​ ​ ​

Hedges

  ​ ​ ​

Total

Balance, October 31, 2025

​

$

(8,234)

  ​

$

(774)

​

$

(9,008)

Other comprehensive income (loss) before reclassifications

​

 

(547)

​

 

(920)

​

 

(1,467)

Reclassifications

​

 

—

​

 

328

​

 

328

Deferred income tax valuation allowances

​

 

—

​

 

(184)

​

 

(184)

Balance, April 30, 2026

​

$

(8,781)

  ​

$

(1,550)

​

$

(10,331)

​