Stockholders' Equity

12 Months Ended

Oct. 30, 2016

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

(a)Common Stock

Each outstanding share of common stock is entitled to one vote per share on all matters submitted to a vote by shareholders. Subject to the rights of any preferred stock which may from time to time be outstanding, the holders of outstanding shares of common stock are entitled to receive dividends and, upon liquidation or dissolution, are entitled to receive pro rata all assets legally available for distribution to stockholders. No dividends were declared or paid on the common stock during fiscal 2016, 2015 or 2014. The holders of common stock have no preemptive or other subscription rights and there are no redemption or sinking fund provisions with respect to such shares. There is no preferred stock outstanding.

(b)Treasury Stock

On January 14, 2015, the Board of Directors approved a new 36-month share repurchase program of up to 1,500,000 shares of the Company's common stock to begin on January 19, 2015, replacing a prior program. Such repurchases will be made through open market or private transactions. Share repurchases under the program will be subject to specified parameters and certain price and volume restraints and any repurchased shares will be held in treasury. The exact number and timing of share repurchases will depend upon market conditions and other factors.  

In fiscal 2015, the Company repurchased 340,800 shares of common stock at an average purchase price of $12.50 per share for an aggregate amount of $4.3 million. As of November 1, 2015, the Company had 1,159,200 shares available for repurchase.

(c)    Comprehensive Income (Loss)

The accumulated balances for each classification of other comprehensive income (loss) are as follows (in thousands):

	Foreign currency gains/(losses)			Unrealized gains/(losses) on securities			Accumulated other comprehensive income (loss)
November 2, 2014	$	(6,365	)	$	(35	)	$	(6,400	)
Other comprehensive income (loss) before reclassifications	(4,787		)	12			(4,775		)
Amounts reclassified from accumulated other comprehensive income (loss)	3,181			—			3,181
Current period other comprehensive income (loss)	(1,606		)	12			(1,594		)
November 1, 2015	(7,971		)	(23		)	(7,994		)
Other comprehensive income (loss) before reclassifications	(1,998		)	23			(1,975		)
Amounts reclassified from accumulated other comprehensive income (loss)	(643		)	—			(643		)
Current period other comprehensive income (loss)	(2,641		)	23			(2,618		)
October 30, 2016	$	(10,612	)	$	—		$	(10,612	)

The Company did not have any significant amounts reclassified out of Accumulated other comprehensive loss in fiscal 2014.

Reclassifications from Accumulated other comprehensive loss for the twelve months ended October 30, 2016 were (in thousands):

	Year Ended					Affected Line Item in the Statement Where Net Loss is Presented
	October 30, 2016			November 1, 2015
Foreign currency translation
Closure of foreign subsidiary	$	(643	)	$	—	Foreign exchange gain (loss), net
Sale of foreign subsidiaries	—			3,181		Discontinued operations
Total reclassifications, net of tax	$	(643	)	$	3,181