3100000
20000000
21.45
27.00
6447210
48678000
124715000
1781000
49139000
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644000
6440851
72294000
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1725000
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27057000
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-1994000
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6440851
74948000
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P1Y
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1080000
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6474000
6441000
839000
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25000
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HURC
HURCO COMPANIES INC
false
Accelerated Filer
Q3
2012
10-Q
2012-07-31
0000315374
--10-31
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">8.</td>
<td style="TEXT-ALIGN: justify">GUARANTEES AND WARRANTIES</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We follow FASB guidance for accounting for contingencies relating
to the guarantor’s accounting for, and disclosures of, the
issuance of certain types of guarantees.</p>
<p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
From time to time, our subsidiaries guarantee third party payment
obligations in connection with the sale of machines to customers
that use financing. As of July 31, 2012, we had 20 outstanding
third party payment guarantees totaling approximately $1.1 million.
The terms of these guarantees are consistent with the underlying
customer financing terms. Upon shipment of a machine, the customer
has the risk of ownership. The customer does not obtain title,
however, until it has paid for the machine. A retention of title
clause allows us to recover the machine if the customer defaults on
the financing. We accrue for potential liabilities under these
guarantees when we believe a loss is probable and can be
estimated.</p>
<p style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
<b> </b></p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We provide warranties on our products with respect to defects in
material and workmanship. The terms of these warranties are
generally one year for machines and shorter periods for service
parts. We recognize a reserve with respect to this obligation at
the time of product sale, with subsequent warranty claims recorded
against the reserve. The amount of the warranty reserve is
determined based on historical trend experience and any known
warranty issues that could cause future warranty costs to differ
from historical experience. A reconciliation of the changes in our
warranty reserve is as follows (in thousands):</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 85%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">Nine months ended</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31, 2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31, 2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; WIDTH: 64%" nowrap="nowrap">
Balance, beginning of period</td>
<td style="WIDTH: 1%" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%" nowrap="nowrap">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%" nowrap="nowrap">
1,725</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%" nowrap="nowrap"> </td>
<td style="WIDTH: 1%" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%" nowrap="nowrap">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%" nowrap="nowrap">
1,591</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Provision for warranties during the period</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">2,443</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">2,224</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify">Charges to the reserve</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(2,570</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(2,061</td>
<td style="TEXT-ALIGN: left">)</td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 1pt">Impact of
foreign currency translation</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
(36</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">)</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
27</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2.5pt">Balance, end
of period</td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
1,562</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
1,781</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
<p style="TEXT-ALIGN: left; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
The increased provision for warranties in the nine months ended
July 31, 2012 compared to the nine months ended July 31, 2011
reflects the increased volume of sales and anticipated claims
related to machines under warranty and the sale of a greater number
of our higher performance machines which have a higher cost per
claim.</p>
</div>
229000
16671000
469000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">A
reconciliation of the Company’s restricted stock activity and
related information is as follows:</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Number of<br />
Shares</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Weighted Average<br />
Grant  Date<br />
Fair Value</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -12pt; PADDING-LEFT: 12pt; WIDTH: 64%">
Unvested at October 31, 2011</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">30,859</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">24.38</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -12pt; PADDING-LEFT: 0.5in">Shares
granted</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">30,718</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">22.62</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -12pt; PADDING-LEFT: 0.5in">Shares
vested</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(5,859</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(29.86</td>
<td style="TEXT-ALIGN: left">)</td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt; TEXT-INDENT: -12pt; PADDING-LEFT: 0.5in">
Shares cancelled</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
—</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
—</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -12pt; PADDING-LEFT: 12pt">
Unvested at July 31, 2012</td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
55,718</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
22.84</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
</div>
-26000
P4Y9M4D
-69000
646000
11633000
30718
5231000
P7Y1M28D
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">4.</td>
<td style="TEXT-ALIGN: justify">EARNINGS PER SHARE</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
<b> </b></p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Per share results have been computed based on the average number of
common shares outstanding. The computation of basic and diluted net
income per share is determined using net income applicable to
common shareholders as the numerator and the number of shares
outstanding as the denominator as follows (in thousands, except per
share amounts):</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="14" nowrap="nowrap">
<font style="FONT-SIZE: 8pt">Three months ended</font></td>
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="14" nowrap="nowrap">
<font style="FONT-SIZE: 8pt">Nine months ended</font></td>
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="14" nowrap="nowrap"><font style="FONT-SIZE: 8pt">July
31,</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="14" nowrap="nowrap"><font style="FONT-SIZE: 8pt">July
31,</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap"><font style="FONT-SIZE: 8pt">2012</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap"><font style="FONT-SIZE: 8pt">2011</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap"><font style="FONT-SIZE: 8pt">2012</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap"><font style="FONT-SIZE: 8pt">2011</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Basic</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Diluted</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Basic</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Diluted</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Basic</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Diluted</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Basic</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Diluted</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in; WIDTH: 20%">
<font style="FONT-SIZE: 8pt">Net income</font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">3,957</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">3,957</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">4,575</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">4,575</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">11,552</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">11,552</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">8,470</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">8,470</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in">
<font style="FONT-SIZE: 8pt">Undistributed earnings</font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.2in"><font style="FONT-SIZE: 8pt">Allocated to participating Shares</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(34</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(34</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(22</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(22</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(99</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(99</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(40</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(40</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in">
<font style="FONT-SIZE: 8pt">Net income applicable to common
shareholders</font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">3,923</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">3,923</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">4,553</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">4,553</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">11,453</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">11,453</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">8,430</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">8,430</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in"><font style="FONT-SIZE: 8pt">Weighted average shares</font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.2in"><font style="FONT-SIZE: 8pt">Outstanding</font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,447</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,447</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,444</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,444</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in">
<font style="FONT-SIZE: 8pt">Stock options</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">—</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">18</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">—</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">39</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">—</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">26</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">—</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">33</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,447</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,465</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,480</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,444</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,470</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,474</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in">
<font style="FONT-SIZE: 8pt">Income per share</font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">0.61</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">0.61</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">0.71</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">0.70</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">1.78</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">1.77</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">1.31</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">1.30</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
</table>
</div>
623000
646000
21.45
1.77
675000
2570000
500
99000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">12.</td>
<td style="TEXT-ALIGN: left">FINANCIAL INSTRUMENTS</td>
</tr>
</table>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
The carrying amounts for our trade receivables and payables
approximate their fair values. We also have financial instruments
in the form of foreign currency forward exchange contracts as
described in Note 2. The U.S. Dollar equivalent notional amounts of
these contracts were $97.6 million and $126.4 million at July 31,
2012 and October 31, 2011, respectively. The fair value of
Derivative assets recorded on our Condensed Consolidated Balance
Sheets was $3.1 million at July 31, 2012 and $1.2 million at
October 31, 2011. The fair value of Derivative liabilities recorded
on our Condensed Consolidated Balance Sheets was $447,000 at July
31, 2012 and $1.6 million at October 31, 2011.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
The future value of our foreign currency forward exchange contracts
and the related currency positions are subject to offsetting market
risk resulting from foreign currency exchange rate volatility. The
counterparties to these contracts are substantial and creditworthy
financial institutions. We do not consider either the risk of
counterparty non-performance or the economic consequences of
counterparty non-performance as material risks.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
FASB fair value guidance establishes a three-tier fair value
hierarchy, which categorizes the inputs used in measuring fair
value. These tiers include: Level 1, defined as observable inputs
such as quoted prices in active markets; Level 2, defined as inputs
other than quoted prices in active markets that are either directly
or indirectly observable; and Level 3, defined as unobservable
inputs in which little or no market data exist, therefore requiring
an entity to develop its own assumptions.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
In accordance with this guidance, the following table represents
the fair value hierarchy for our financial assets and liabilities
measured at fair value as of July 31, 2012 and October 2011 (in
thousands):</p>
<p style="MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 85%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">Assets</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">Liabilities</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31,<br />
2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">October 31,<br />
2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31,<br />
2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">October 31,<br />
2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-DECORATION: underline">Level 1</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 52%">Deferred Compensation</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">834</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">741</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">-</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">-</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-DECORATION: underline">Level 2</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Derivatives</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">3,104</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">1,197</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">447</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">1,609</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Included in Level 1 assets are mutual fund investments under a
nonqualified deferred compensation plan. We estimate the fair value
of these investments on a recurring basis using market prices which
are readily available. Included as Level 2 fair value measurements
are derivative assets and liabilities related to hedged and
unhedged gains and losses on foreign currency forward exchange
contracts entered into with a third party. We estimate the fair
value of these derivatives on a recurring basis using foreign
currency exchange rates obtained from active markets.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
During the first nine months of fiscal 2012, we did not have any
significant non-recurring measurements of non-financial assets and
non-financial liabilities.</p>
</div>
5000
101089000
3195000
0.30
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
In accordance with this guidance, the following table represents
the fair value hierarchy for our financial assets and liabilities
measured at fair value as of July 31, 2012 and October 2011 (in
thousands):</p>
<p style="MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 85%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">Assets</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">Liabilities</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31,<br />
2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">October 31,<br />
2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31,<br />
2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">October 31,<br />
2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-DECORATION: underline">Level 1</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 52%">Deferred Compensation</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">834</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">741</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">-</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">-</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-DECORATION: underline">Level 2</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Derivatives</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">3,104</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">1,197</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">447</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">1,609</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
</div>
1000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
13. EMPLOYEE BENEFITS</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We have defined contribution plans that include a majority of our
employees, under which our matching contributions are primarily
discretionary. The purpose of these plans is generally to provide
additional financial security during retirement by providing
employees with an incentive to save throughout their employment.
Our matching contributions to the plans are based on employee
contributions or compensation. From April 1, 2009 to December 31,
2010, we suspended our discretionary contributions to the U.S. plan
as a cost reduction measure; however, effective January 1, 2011 we
reinstated our matching contributions to that plan in an amount
equal to 25% of the first 6% of a participant’s annual
earnings contributed, up to the maximum permitted by law. Effective
January 1, 2012, we increased our matching contributions to 50% of
the first 6% of a participant’s annual earnings contributed,
up the maximum permitted by law. Our total contributions to all
plans were approximately $339,000 and $200,000, for the nine months
ended July 31, 2012 and 2011, respectively.</p>
</div>
-8440000
-2639000
57000
398000
5859
2583000
2.15
-36000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Summarized information about outstanding stock options as of July
31, 2012, that have already vested and those that are expected to
vest, as well as stock options that are currently exercisable, are
as follows:</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-WEIGHT: bold" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Options already <br />
vested and expected<br />
 to vest</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Options currently<br />
exercisable</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-WEIGHT: bold"> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 64%">Number of outstanding
options</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">160,105</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">91,202</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Weighted average remaining contractual
life (years)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">7.16</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">4.76</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td>Weighted average exercise price per share</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">20.94</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">22.02</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td>Intrinsic value of outstanding options</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">329,000</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">219,000</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
</div>
1928000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Inventories, priced at the lower of cost (first-in, first-out
method) or market, are summarized below (in thousands):</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 75%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31, 2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">October 31, 2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; WIDTH: 64%">Purchased parts and
sub-assemblies</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">24,050</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">20,925</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify">Work-in-process</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">16,831</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">15,440</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 1pt">Finished
goods</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
54,836</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
44,762</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
95,717</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
81,127</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
</div>
-9866000
29.86
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">9.</td>
<td style="TEXT-ALIGN: left">COMPREHENSIVE INCOME</td>
</tr>
</table>
<p style="TEXT-ALIGN: left; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: left; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
A reconciliation of our net income to comprehensive income is as
follows (in thousands):</p>
<p style="TEXT-ALIGN: left; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">Three months ended</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31,<br />
2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31,<br />
2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt; WIDTH: 64%">
Net income</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">3,957</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">4,575</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Translation of foreign currency financial statements</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(2,648</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(674</td>
<td style="TEXT-ALIGN: left">)</td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Realized (gains) losses on derivative instruments reclassified into
operations, net of tax</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(56</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(71</td>
<td style="TEXT-ALIGN: left">)</td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Unrealized gains (losses) on derivative instruments, net of
tax</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
1,065</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
233</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Comprehensive income</td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
2,318</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
4,063</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
</div>
45236
22.62
6470000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
A summary of stock option activity for the nine-month period ended
July 31, 2012, is as follows:</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 80%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-WEIGHT: bold" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Stock<br />
Options</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Weighted <br />
Average<br />
Exercise<br />
Price</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-WEIGHT: bold"> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="WIDTH: 64%">Outstanding at October 31, 2011</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">115,369</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">20.66</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Options granted</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">45,236</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">21.45</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Options exercised</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(500</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">2.15</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Options cancelled</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">—</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">—</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
 </td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
 </td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 2.5pt">Outstanding at July 31, 2012</td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
160,105</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
20.94</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
</div>
6444000
1000
2290000
147050000
-2900000
1.78
2443000
2291000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
A reconciliation of the changes in our warranty reserve is as
follows (in thousands):</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 85%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">Nine months ended</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31, 2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31, 2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; WIDTH: 64%" nowrap="nowrap">
Balance, beginning of period</td>
<td style="WIDTH: 1%" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%" nowrap="nowrap">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%" nowrap="nowrap">
1,725</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%" nowrap="nowrap"> </td>
<td style="WIDTH: 1%" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%" nowrap="nowrap">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%" nowrap="nowrap">
1,591</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Provision for warranties during the period</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">2,443</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">2,224</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify">Charges to the reserve</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(2,570</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(2,061</td>
<td style="TEXT-ALIGN: left">)</td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 1pt">Impact of
foreign currency translation</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
(36</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">)</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
27</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2.5pt">Balance, end
of period</td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
1,562</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
1,781</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
</div>
339000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
14. NEW ACCOUNTING PRONOUNCEMENTS</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
In June 2011, the FASB amended Accounting Standards Update
(ASU 2011-05), <i>Comprehensive Income, Presentation of
Comprehensive Income</i>, which will require companies to present
the components of net income and other comprehensive income either
as one continuous statement or as two consecutive statements. It
eliminates the option to present components of other comprehensive
income as part of the statement of changes in shareholders’
equity. The guidance in ASU 2011-05 does not change the items
which must be reported in other comprehensive income, how such
items are measured, or when they must be reclassified to net
income. The guidance in ASU 2011-05 is effective for fiscal
years and interim periods within those years beginning after
December 15, 2011, and should be applied retrospectively.
Since the provisions of ASU 2011-05 are presentation related
only, we do not expect the adoption of ASU 2011-05 to have a
material effect on our consolidated financial statements.</p>
<p style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
In December 2011, The FASB issued Accounting Standards Update
2011-12 (ASU 2011-12), <i>Deferral of the Effective Date for
Amendments to the Presentation of Reclassifications of Items Out of
Accumulated Other Comprehensive Income in ASU 2011-05.</i> ASU
2011-12 defers the requirement that companies present
reclassification adjustments for each component of AOCI in both net
income and OCI on the face of the financial statements. The
effective dates for ASU 2011-12 are consistent with the effective
dates for ASU 2011-05 and, similar to our expectations for the
adoption of ASU 2011-05, we do not expect that the adoption of ASU
2011-12 will have a material effect on our consolidated financial
statements.</p>
</div>
-6260000
6444000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">11.</td>
<td style="TEXT-ALIGN: justify">INCOME TAXES</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Our effective tax rate for the first nine months of fiscal 2012 was
30% reflecting no change in rate for the same period in fiscal
2011. We recorded an income tax provision during the first nine
months of fiscal 2012 of approximately $5.0 million compared to
$3.7 million for the same period in fiscal 2011, as a result of the
increase in pre-tax income period-over-period. </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Our unrecognized tax benefits were $131,000 as of July 31, 2012
compared to $275,000 as of October 31, 2011 and in each case
included accrued interest.   The reduction in
unrecognized tax benefits was primarily due to certain tax
positions that effectively settled.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We recognize accrued interest and penalties related to unrecognized
tax benefits as components of our income tax
provision.  We believe our unrecognized tax positions
meet the minimum statutory threshold to avoid payment of penalties
and, therefore, no tax penalties have been estimated.  As
of July 31, 2012, the gross amount of interest accrued, reported in
Accrued expenses and other, was approximately $13,000.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We file U.S. federal and state income tax returns, as well as tax
returns in several foreign jurisdictions.  The statutes of
limitations with respect to unrecognized tax benefits will expire
between July 2014 and July 2015.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
The Internal Revenue Service (IRS) has concluded their examination
of our federal income tax returns for the years 2006, 2007 and
2010. The IRS did not examine tax returns for the tax years
2008 and 2009.  The IRS examination resulted in no
adjustments.</p>
</div>
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
The computation of basic and diluted net income per share is
determined using net income applicable to common shareholders as
the numerator and the number of shares outstanding as the
denominator as follows (in thousands, except per share
amounts):</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="14" nowrap="nowrap">
<font style="FONT-SIZE: 8pt">Three months ended</font></td>
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="14" nowrap="nowrap">
<font style="FONT-SIZE: 8pt">Nine months ended</font></td>
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="14" nowrap="nowrap"><font style="FONT-SIZE: 8pt">July
31,</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="14" nowrap="nowrap"><font style="FONT-SIZE: 8pt">July
31,</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap"><font style="FONT-SIZE: 8pt">2012</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap"><font style="FONT-SIZE: 8pt">2011</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap"><font style="FONT-SIZE: 8pt">2012</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap"><font style="FONT-SIZE: 8pt">2011</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Basic</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Diluted</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Basic</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Diluted</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Basic</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Diluted</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Basic</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 8pt">Diluted</font></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: center" colspan="2"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in; WIDTH: 20%">
<font style="FONT-SIZE: 8pt">Net income</font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">3,957</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">3,957</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">4,575</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">4,575</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">11,552</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">11,552</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">8,470</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right; WIDTH: 7%"><font style="FONT-SIZE: 8pt">8,470</font></td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in">
<font style="FONT-SIZE: 8pt">Undistributed earnings</font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.2in"><font style="FONT-SIZE: 8pt">Allocated to participating Shares</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(34</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(34</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(22</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(22</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(99</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(99</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(40</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">(40</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt">)</font></td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in">
<font style="FONT-SIZE: 8pt">Net income applicable to common
shareholders</font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">3,923</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">3,923</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">4,553</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">4,553</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">11,453</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">11,453</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">8,430</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt">$</font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">8,430</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in"><font style="FONT-SIZE: 8pt">Weighted average shares</font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.2in"><font style="FONT-SIZE: 8pt">Outstanding</font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,447</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,447</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,444</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,444</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in">
<font style="FONT-SIZE: 8pt">Stock options</font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">—</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">18</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">—</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">39</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">—</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">26</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">—</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">33</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,447</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,465</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,480</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,444</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,470</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,441</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="TEXT-ALIGN: right"><font style="FONT-SIZE: 8pt">6,474</font></td>
<td style="TEXT-ALIGN: left"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in">
<font style="FONT-SIZE: 8pt">Income per share</font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">0.61</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">0.61</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">0.71</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">0.70</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">1.78</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">1.77</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">1.31</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
<font style="FONT-SIZE: 8pt">$</font></td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
<font style="FONT-SIZE: 8pt">1.30</font></td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"><font style="FONT-SIZE: 8pt"> </font></td>
</tr>
</table>
</div>
17620000
26000
272000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">6.</td>
<td style="TEXT-ALIGN: justify">INVENTORIES</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
<b> </b></p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Inventories, priced at the lower of cost (first-in, first-out
method) or market, are summarized below (in thousands):</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 75%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31, 2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">October 31, 2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; WIDTH: 64%">Purchased parts and
sub-assemblies</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">24,050</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">20,925</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify">Work-in-process</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">16,831</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">15,440</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 1pt">Finished
goods</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
54,836</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
44,762</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
95,717</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
81,127</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
</div>
36000
16559000
45961000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">10.</td>
<td style="TEXT-ALIGN: left">DEBT AGREEMENTS</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We are party to a domestic credit agreement that provides us with a
$15.0 million revolving credit facility and maximum outstanding
letters of credit of $3.0 million. Borrowings under this agreement
may be used for general corporate purposes and bear interest at a
floating rate, based either on LIBOR or the prime rate, plus an
applicable margin.  The agreement contains financial
covenants, including restrictions on incurring additional debt,
making acquisitions, or paying dividends if we report a cumulative
net loss for four consecutive quarters. We also have an uncommitted
credit facility in Taiwan in the amount of 100.0 million New Taiwan
Dollars (approximately $3.3 million), a £1.0 million revolving
credit facility in the United Kingdom and a €1.5 million
revolving credit facility in Germany.  The domestic and United
Kingdom facilities mature on December 7, 2012. The credit facility
in Germany does not have an expiration date.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
On March 7, 2011 we entered into an uncommitted credit facility in
China in the amount of 20.0 million Chinese Yuan (approximately
$3.1 million) and amended our domestic credit agreement to
accommodate the China credit facility. As of February 24, 2012, the
maturity date of the China credit facility was extended for another
twelve months and on July 2, 2012 the facility was increased to
40.0 million Chinese Yuan (approximately $6.2 million).</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
All of our credit facilities are unsecured and have variable
interest rates.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
At July 31, 2012, we had $3.1 million of borrowings outstanding
under our credit facility in China, but no other borrowings under
any of our other credit facilities. At July 31, 2012, we were in
compliance with the covenants contained in all of our credit
facilities and had an aggregate of $21.8 million available for
borrowings under those facilities.</p>
</div>
1486000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0">
<tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="TEXT-ALIGN: left; WIDTH: 0.25in">7.</td>
<td style="TEXT-ALIGN: justify">SEGMENT INFORMATION</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We operate in a single segment: industrial automation systems. We
design and produce interactive computer control systems and
software and computerized machine tools for sale through our own
distribution network to the worldwide metal-working market. We also
provide software options, control upgrades, accessories and
replacement parts for our products, as well as customer service and
training support.</p>
</div>
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">2.</td>
<td style="TEXT-ALIGN: justify">DERIVATIVE INSTRUMENTS AND HEDGING
ACTIVITIES</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We are exposed to certain market risks relating to our ongoing
business operations, including foreign currency risk, interest rate
risk and credit risk. We manage our exposure to these and other
market risks through regular operating and financing activities.
Currently, the only risk that we manage through the use of
derivative instruments is foreign currency risk.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We operate on a global basis and are exposed to the risk that our
financial condition, results of operations and cash flows could be
adversely affected by changes in foreign currency exchange rates.
To reduce the potential effects of foreign exchange rate movements
on our net equity investment in the gross profit and net earnings
of one of our foreign subsidiaries, we enter into derivative
financial instruments in the form of foreign currency forward
exchange contracts with a major financial institution. We are
primarily exposed to foreign currency exchange rate risk with
respect to transactions and net assets denominated in Euros, Pounds
Sterling, Canadian Dollars, South African Rand, Singapore Dollars,
Indian Rupee, Chinese Yuan, South Korean Won, Polish Zloty, and New
Taiwan Dollars.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We record all derivative instruments as assets or liabilities at
fair value.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
<u>Derivatives Designated as Hedging Instruments</u></p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We enter into foreign currency forward exchange contracts
periodically to hedge certain forecasted inter-company sales and
purchases denominated in foreign currencies (the Pound Sterling,
Euro and New Taiwan Dollar). The purpose of these instruments is to
mitigate the risk that the U.S. Dollar net cash inflows and
outflows resulting from sales and purchases denominated in foreign
currencies will be adversely affected by changes in exchange rates.
These forward contracts have been designated as cash flow hedge
instruments, and are recorded in the Condensed Consolidated Balance
Sheets at fair value in Derivative assets and Derivative
liabilities. The effective portion of the gains and losses
resulting from the changes in the fair value of these hedge
contracts are deferred in Accumulated other comprehensive loss and
recognized as an adjustment to Cost of sales and service in the
period that the corresponding inventory sold that is the subject of
the related hedge contract is recognized, thereby providing an
offsetting economic impact against the corresponding change in the
U.S. Dollar value of the inter-company sale or purchase being
hedged. The ineffective portion of gains and losses resulting from
the changes in the fair value of these hedge contracts is reported
in Other (income) expense, net immediately. We perform quarterly
assessments of hedge effectiveness by verifying and documenting the
critical terms of the hedge instrument and determining that
forecasted transactions have not changed significantly. We also
assess on a quarterly basis whether there have been adverse
developments regarding the risk of a counterparty default.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We had forward contracts outstanding as of July 31, 2012,
denominated in Euros, Pounds Sterling and New Taiwan Dollars with
set maturity dates ranging from August 2012 through July 2013. The
contract amounts, expressed at forward rates in U.S. Dollars at
July 31, 2012, were $26.2 million for Euros, $8.5 million for
Pounds Sterling and $22.7 million for New Taiwanese Dollars. At
July 31, 2012, we had approximately $2.1 million of gains, net of
tax, related to cash flow hedges deferred in Accumulated other
comprehensive loss. Of this amount, $1.1 million represents
unrealized gains, net of tax, related to cash flow hedge
instruments that remain subject to currency fluctuation risk. The
majority of these deferred gains will be recorded as an adjustment
to Cost of sales and service in periods through July 2013, when the
corresponding inventory that is the subject of the related hedge
contract is sold, as described above.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We are also exposed to foreign currency exchange risk related to
our investment in net assets in foreign countries. To manage this
risk, we have maintained a forward contract with a notional amount
of €3.0 million. We designated this forward contract as a
hedge of our net investment in Euro denominated assets. We selected
the forward method under Financial Accounting Standards Board, or
FASB, guidance related to the accounting for derivatives
instruments and hedging activities. The forward method requires all
changes in the fair value of the contract to be reported as a
cumulative translation adjustment in Accumulated other
comprehensive loss, net of tax, in the same manner as the
underlying hedged net assets. This forward contract matures in
November 2012. At July 31, 2012, we had $227,000 of realized gains
and $228,000 of unrealized gains, net of tax, recorded as
cumulative translation adjustments in Accumulated other
comprehensive loss related to this forward contract.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
<u>Derivatives Not Designated as Hedging Instruments</u></p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We also enter into foreign currency forward exchange contracts to
protect against the effects of foreign currency fluctuations on
receivables and payables denominated in foreign currencies. These
derivative instruments are not designated as hedges under the FASB
guidance and, as a result, changes in their fair value are reported
currently as Other (income) expense, net, in the Condensed
Consolidated Statements of Operations consistent with the
transaction gain or loss on the related receivables and payables
denominated in foreign currencies.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We had forward contracts outstanding as of July 31, 2012, in Euros,
Pounds Sterling, Canadian Dollars, the South African Rand, and New
Taiwan Dollars with set maturity dates ranging from August 2012
through October 2012. The aggregate amount of these contracts at
forward rates in U.S. Dollars at July 31, 2012 totaled $33.2
million.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
<u>Fair Value of Derivative Instruments</u></p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We recognize the fair value of derivative instruments as assets and
liabilities on a gross basis on our Condensed Consolidated Balance
Sheets. As of July 31, 2012 and October 31, 2011, all derivative
instruments were recorded at fair value on the balance sheets as
follows (in thousands):</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt"></td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6">July 31, 2012</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6">October 31, 2011 </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td></td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2">Balance sheet</td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2">Fair</td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2">Balance sheet</td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2">Fair</td>
<td> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid">Derivatives</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2">Location</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2">value</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2">location</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2">value</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; FONT-WEIGHT: bold">Designated as
hedging instruments:</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 38%">Foreign exchange forward
contracts</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 15%" nowrap="nowrap">Derivative
assets</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">2,514</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 15%">Derivative assets</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">634</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward
contracts</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap">Derivative
liabilities</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">367</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap">Derivative
liabilities</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">1,492</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left"><b>Not designated as hedging
instruments</b>:</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward
contracts</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left">Derivative assets</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">590</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left">Derivative assets</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">563</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward
contracts</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap">Derivative
liabilities</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">80</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left">Derivative liabilities</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">117</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
<u>Effect of Derivative Instruments on the Condensed Consolidated
Balance Sheets and Condensed Consolidated Statements of Changes in
Shareholders’ Equity and Income</u></p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Derivative instruments had the following effects on our Condensed
Consolidated Balance Sheets and Condensed Consolidated Statements
of Changes in Shareholders’ Equity and Income during the nine
months ended July 31, 2012 and 2011 (in thousands):</p>
<p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid" nowrap="nowrap">
Derivatives</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Amount of gain (loss)<br />
recognized in Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Location of gain<br />
(loss) reclassified<br />
from Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Amount of gain (loss)<br />
reclassified from Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Nine months ended <br />
July 31,</td>
<td nowrap="nowrap"> </td>
<td style="FONT-SIZE: 1pt" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left; FONT-SIZE: 1pt" colspan="2" nowrap="nowrap"> </td>
<td style="FONT-SIZE: 1pt" nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Nine months ended <br />
July 31,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td colspan="2" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Designated as hedging instruments: (Effective portion)</td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward
contracts</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"></td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="WIDTH: 40%">– Intercompany sales/purchases</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">4,069</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">(1,043</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">)</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 0%"></td>
<td style="TEXT-ALIGN: left; WIDTH: 14%" nowrap="nowrap">Cost of
sales and service</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">(627</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">)</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">610</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"></td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward contract</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"></td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">– Net investment</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">484</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">(153</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"></td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We recognized a gain of $469,000 for the nine months ended July 31,
2012, and a loss of $28,000 for the nine months ended July 31, 2011
as a result of contracts closed early that were deemed ineffective
for financial reporting purposes and did not qualify as cash flow
hedges.</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid" nowrap="nowrap">
Derivatives</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Location of gain<br />
(loss) recognized in<br />
operations</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6">Amount of gain (loss)<br />
Recognized in operations</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"></td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="2" nowrap="nowrap"></td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Nine months ended July 31,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" colspan="2" nowrap="nowrap"></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Not designated as hedging instruments:</td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in; WIDTH: 38%">
Foreign exchange forward contracts</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 0%"></td>
<td style="TEXT-ALIGN: left; WIDTH: 30%" nowrap="nowrap">Other
(income)expense, net</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 12%">2,148</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 12%">(461</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">)</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Derivative instruments had the following effects on our Condensed
Consolidated Balance Sheets and Condensed Consolidated Statements
of Changes in Shareholders’ Equity and Income during the
three months ended July 31, 2012 and 2011 (in thousands):</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid" nowrap="nowrap">
Derivatives</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Amount of gain (loss)<br />
recognized in Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" nowrap="nowrap">Location of gain<br />
(loss) reclassified<br />
from Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Amount of gain (loss)<br />
reclassified from Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Three months ended<br />
July 31,</td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Three months ended <br />
July 31,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Designated as hedging<br />
instruments: (Effective portion)</td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 32%">Foreign exchange forward
contracts – Intercompany sales/purchases</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">1,678</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">370</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 15%" nowrap="nowrap">Cost of
sales and service</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">88</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">113</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward contract
– Net investment</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">281</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">126</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
We recognized a gain of $202,000 for the three months ended July
31, 2012, and a loss of $3,000 for the three months ended July 31,
2011 as a result of contracts closed early that were deemed
ineffective for financial reporting purposes and did not qualify as
cash flow hedges.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid" nowrap="nowrap">
Derivatives</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Location of gain<br />
(loss) recognized in<br />
operations</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6">Amount of gain (loss)<br />
Recognized in operations</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: center" nowrap="nowrap"></td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="2" nowrap="nowrap"></td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Three months ended July 31, </td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" colspan="2" nowrap="nowrap"></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Not designated as hedging instruments:</td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 38%">Foreign exchange forward
contracts</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 0%"></td>
<td style="TEXT-ALIGN: right; WIDTH: 30%">
<p style="TEXT-ALIGN: left; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Other (income) expense, net</p>
</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 12%">1,099</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 12%">87</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
</table>
</div>
564000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
As of July 31, 2012 and October 31, 2011, all derivative
instruments were recorded at fair value on the balance sheets as
follows (in thousands):</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt"></td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6">July 31, 2012</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6">October 31, 2011 </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td></td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2">Balance sheet</td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2">Fair</td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2">Balance sheet</td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2">Fair</td>
<td> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid">Derivatives</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2">Location</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2">value</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2">location</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2">value</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; FONT-WEIGHT: bold">Designated as
hedging instruments:</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 38%">Foreign exchange forward
contracts</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 15%" nowrap="nowrap">Derivative
assets</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">2,514</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 15%">Derivative assets</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">634</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward
contracts</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap">Derivative
liabilities</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">367</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap">Derivative
liabilities</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">1,492</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left"><b>Not designated as hedging
instruments</b>:</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward
contracts</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left">Derivative assets</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">590</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left">Derivative assets</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">563</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward
contracts</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left" nowrap="nowrap">Derivative
liabilities</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">80</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: left">Derivative liabilities</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">117</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
</div>
11552000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">5.</td>
<td style="TEXT-ALIGN: justify">ACCOUNTS RECEIVABLE</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Accounts receivable are net of allowances for doubtful accounts of
$511,000 as of July 31, 2012 and $608,000 as of October 31,
2011.</p>
</div>
29290000
4658000
5007000
-1078000
11453000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">1.</td>
<td style="TEXT-ALIGN: justify">GENERAL</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
<b> </b></p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
The unaudited Condensed Consolidated Financial Statements include
the accounts of Hurco Companies, Inc. and its consolidated
subsidiaries. As used in this report, and unless the context
indicates otherwise, the terms “we”, “us”,
“our” and similar language refer to Hurco Companies,
Inc. and its consolidated subsidiaries. We design and produce
computerized machine tools, interactive computer control systems
and software for sale through our distribution network to the
worldwide metal cutting market. We also provide software options,
computer control upgrades, accessories and replacement parts for
our products, as well as customer service and training support.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
The condensed financial information as of July 31, 2012 and for the
three and nine months ended July 31, 2012 and July 31, 2011 is
unaudited; however, in our opinion, the interim data includes all
adjustments, consisting only of normal recurring adjustments,
necessary to present fairly our consolidated financial position,
results of operations, changes in shareholders’ equity and
cash flows at the end of the interim periods. We suggest that you
read these condensed consolidated financial statements in
conjunction with the financial statements and the notes thereto
included in our Annual Report on Form 10-K for the year ended
October 31, 2011.</p>
</div>
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px"></td>
<td style="WIDTH: 0.25in">3.</td>
<td>EQUITY INCENTIVE PLAN</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
In March 2008, we adopted the Hurco Companies, Inc. 2008 Equity
Incentive Plan (the “2008 Plan”), which allows us to
grant awards of stock options, Stock Appreciation Rights settled in
stock (SARs), restricted shares, performance shares and performance
units. The 2008 Plan replaced the 1997 Stock Option and Incentive
Plan, which expired in March 2007. The Compensation Committee of
the Board of Directors has authority to determine the officers,
directors and key employees who will be granted awards; designate
the number of shares subject to each award; determine the terms and
conditions upon which awards will be granted; and prescribe the
form and terms of award agreements. We have granted stock options
under both plans which are currently outstanding and restricted
shares under the 2008 Plan. No stock option may be exercised more
than ten years after the date of grant or such shorter period as
the Compensation Committee may determine at the date of grant. The
total number of shares of our common stock that may be issued as
awards under the 2008 Plan is 750,000. The market value of a share
of our common stock, for purposes of the 2008 Plan, is the closing
sale price as reported by the Nasdaq Global Select Market on the
date in question or, if not a trading day, on the last preceding
trading date.</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
A summary of stock option activity for the nine-month period ended
July 31, 2012, is as follows:</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 80%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-WEIGHT: bold" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Stock<br />
Options</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Weighted <br />
Average<br />
Exercise<br />
Price</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-WEIGHT: bold"> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="WIDTH: 64%">Outstanding at October 31, 2011</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">115,369</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">20.66</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Options granted</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">45,236</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">21.45</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Options exercised</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(500</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">2.15</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Options cancelled</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">—</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">—</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
 </td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
 </td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 2.5pt">Outstanding at July 31, 2012</td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
160,105</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
20.94</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Summarized information about outstanding stock options as of July
31, 2012, that have already vested and those that are expected to
vest, as well as stock options that are currently exercisable, are
as follows:</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-WEIGHT: bold" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Options already <br />
vested and expected<br />
 to vest</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Options currently<br />
exercisable</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-WEIGHT: bold"> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 64%">Number of outstanding
options</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">160,105</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">91,202</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Weighted average remaining contractual
life (years)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">7.16</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">4.76</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td>Weighted average exercise price per share</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">20.94</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">22.02</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td>Intrinsic value of outstanding options</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">329,000</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">219,000</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">The
intrinsic value of an outstanding stock option is calculated as the
difference between the stock price as of July 31, 2012 and the
exercise price of the option.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
On December 14, 2011, the Compensation Committee granted a total of
45,236 stock options under the 2008 Plan to our executive officers.
The fair value of the options was estimated on the date of grant
using a Black-Scholes valuation model with assumptions for expected
volatility based on the historical volatility of our common stock
of 64%, expected term of the options of five years, dividend yield
rate of 0% and a risk-free interest rate of .86% based upon the
five-year U.S. Treasury yield as of the date of grant. The options
vest over a three-year period beginning one year from the date of
grant. Based upon the foregoing factors, the grant date fair value
of the stock options was determined to be $11.50 per share.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
On December 14, 2011, the Compensation Committee granted a total of
24,243 shares of restricted stock to our executive officers. The
restricted stock vests in full three years from the date of grant
provided the recipient remains employed by us through that date.
The grant date fair value of the restricted stock is based on the
closing sales price of our common stock on the grant date which was
$21.45 per share.</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
On March 15, 2012, the Compensation Committee granted a total of
6,475 shares of restricted stock to our non-employee directors. The
restricted stock vests in full one year from the date of grant
provided the recipient remains on the board of directors through
that date. The grant date fair value of the restricted stock is
based on the closing sales price of our common stock on the grant
date which was $27.00 per share.</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">A
reconciliation of the Company’s restricted stock activity and
related information is as follows:</p>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center">
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Number of<br />
Shares</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Weighted Average<br />
Grant  Date<br />
Fair Value</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -12pt; PADDING-LEFT: 12pt; WIDTH: 64%">
Unvested at October 31, 2011</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">30,859</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">24.38</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -12pt; PADDING-LEFT: 0.5in">Shares
granted</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">30,718</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">22.62</td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-INDENT: -12pt; PADDING-LEFT: 0.5in">Shares
vested</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(5,859</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(29.86</td>
<td style="TEXT-ALIGN: left">)</td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt; TEXT-INDENT: -12pt; PADDING-LEFT: 0.5in">
Shares cancelled</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
—</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
—</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -12pt; PADDING-LEFT: 12pt">
Unvested at July 31, 2012</td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
55,718</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
22.84</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
During the first nine months of fiscal 2012 and 2011, we recorded
$646,000 and $332,000, respectively, as stock-based compensation
expense attributable to grants of stock options and shares of
restricted stock. As of July 31, 2012, there was $1.3 million of
total unrecognized stock-based compensation expense that we expect
to recognize by the end of the first quarter of fiscal 2015.</p>
</div>
77000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: left; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
A reconciliation of our net income to comprehensive income is as
follows (in thousands):</p>
<p style="TEXT-ALIGN: left; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">Three months ended</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31,<br />
2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">July 31,<br />
2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt; WIDTH: 64%">
Net income</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">3,957</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">4,575</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Translation of foreign currency financial statements</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(2,648</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(674</td>
<td style="TEXT-ALIGN: left">)</td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Realized (gains) losses on derivative instruments reclassified into
operations, net of tax</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(56</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right">(71</td>
<td style="TEXT-ALIGN: left">)</td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Unrealized gains (losses) on derivative instruments, net of
tax</td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
1,065</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
<td style="PADDING-BOTTOM: 1pt"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">
 </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">
233</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">
Comprehensive income</td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
2,318</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
<td style="PADDING-BOTTOM: 2.5pt"> </td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left">
$</td>
<td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right">
4,063</td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> </td>
</tr>
</table>
</div>
-2053000
105000
97000
P10Y
2012-12-07
2012-12-07
<div style="FONT: 10pt Times New Roman, Times, Serif">
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Derivative instruments had the following effects on our Condensed
Consolidated Balance Sheets and Condensed Consolidated Statements
of Changes in Shareholders’ Equity and Income during the nine
months ended July 31, 2012 and 2011 (in thousands):</p>
<p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid" nowrap="nowrap">
Derivatives</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Amount of gain (loss)<br />
recognized in Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Location of gain<br />
(loss) reclassified<br />
from Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Amount of gain (loss)<br />
reclassified from Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Nine months ended <br />
July 31,</td>
<td nowrap="nowrap"> </td>
<td style="FONT-SIZE: 1pt" nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: left; FONT-SIZE: 1pt" colspan="2" nowrap="nowrap"> </td>
<td style="FONT-SIZE: 1pt" nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Nine months ended <br />
July 31,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td colspan="2" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Designated as hedging instruments: (Effective portion)</td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward
contracts</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"></td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="WIDTH: 40%">– Intercompany sales/purchases</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">4,069</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">(1,043</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">)</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 0%"></td>
<td style="TEXT-ALIGN: left; WIDTH: 14%" nowrap="nowrap">Cost of
sales and service</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">(627</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">)</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">610</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"></td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward contract</td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"></td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">– Net investment</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">484</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">(153</td>
<td style="TEXT-ALIGN: left">)</td>
<td> </td>
<td style="TEXT-ALIGN: left"></td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
<p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Derivative instruments had the following effects on our Condensed
Consolidated Balance Sheets and Condensed Consolidated Statements
of Changes in Shareholders’ Equity and Income during the
three months ended July 31, 2012 and 2011 (in thousands):</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
</p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid" nowrap="nowrap">
Derivatives</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Amount of gain (loss)<br />
recognized in Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" nowrap="nowrap">Location of gain<br />
(loss) reclassified<br />
from Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Amount of gain (loss)<br />
reclassified from Other<br />
comprehensive loss</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Three months ended<br />
July 31,</td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Three months ended <br />
July 31,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Designated as hedging<br />
instruments: (Effective portion)</td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 32%">Foreign exchange forward
contracts – Intercompany sales/purchases</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">1,678</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">370</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 15%" nowrap="nowrap">Cost of
sales and service</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">88</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">113</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left">Foreign exchange forward contract
– Net investment</td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">281</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">126</td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
<td> </td>
<td style="TEXT-ALIGN: left"> </td>
<td style="TEXT-ALIGN: right"> </td>
<td style="TEXT-ALIGN: left"> </td>
</tr>
</table>
</div>
484000
4069000
-627000
<div style="FONT: 10pt Times New Roman, Times, Serif">
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid" nowrap="nowrap">
Derivatives</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Location of gain<br />
(loss) recognized in<br />
operations</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6">Amount of gain (loss)<br />
Recognized in operations</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td nowrap="nowrap"></td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="2" nowrap="nowrap"></td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Nine months ended July 31,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" colspan="2" nowrap="nowrap"></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Not designated as hedging instruments:</td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; TEXT-INDENT: -0.1in; PADDING-LEFT: 0.1in; WIDTH: 38%">
Foreign exchange forward contracts</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 0%"></td>
<td style="TEXT-ALIGN: left; WIDTH: 30%" nowrap="nowrap">Other
(income)expense, net</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 12%">2,148</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 12%">(461</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">)</td>
</tr>
</table>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
 </p>
<table style="WIDTH: 90%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid" nowrap="nowrap">
Derivatives</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Location of gain<br />
(loss) recognized in<br />
operations</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6">Amount of gain (loss)<br />
Recognized in operations</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: center" nowrap="nowrap"></td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="2" nowrap="nowrap"></td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="TEXT-ALIGN: center" colspan="6" nowrap="nowrap">
Three months ended July 31, </td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" colspan="2" nowrap="nowrap"></td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2011</td>
<td style="PADDING-BOTTOM: 1pt" nowrap="nowrap"> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td>Not designated as hedging instruments:</td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom">
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom">
<td style="TEXT-ALIGN: left; WIDTH: 38%">Foreign exchange forward
contracts</td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 0%"></td>
<td style="TEXT-ALIGN: right; WIDTH: 30%">
<p style="TEXT-ALIGN: left; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">
Other (income) expense, net</p>
</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 12%">1,099</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
<td style="WIDTH: 1%"> </td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 12%">87</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%"> </td>
</tr>
</table>
</div>
2148000
2012-08
2013-07
2014-07
2015-07
398000
2583000
-2900000
500
1000
5859
11552000
646000
1000
-1000
2010
2006
2009
2008
2007
20
0.0086
24243
0.00
P5Y
45236
0.64
11.50
P3Y
P3Y
P1Y
0.06
0.25
0.06
0.50
6533000
-3000
5389000
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4063000
1226000
472000
138000
0.70
238000
22000
2000
34723000
1081000
1182000
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35000
-71000
233000
480000
461000
6480000
6441000
202000
50573000
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202000
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6441000
6584000
39000
21000
41000
6281000
15850000
447000
4575000
9317000
6532000
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3354000
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126000
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113000
87000
5812000
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1065000
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5598000
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3957000
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1700000
1641000
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3923000
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43000
50000
281000
1678000
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