Fair Value of Financial Instruments

12 Months Ended

Oct. 29, 2017

Investments, All Other Investments [Abstract]

The following table presents assets and liabilities measured at fair value (in thousands):



	October 29, 2017		October 30, 2016		Fair Value Hierarchy
Short-term investments	$	3,524	$	3,601	Level 1
Total financial assets	$	3,524	$	3,601
Deferred compensation plan liabilities	$	3,524	$	3,601	Level 1
Total financial liabilities	$	3,524	$	3,601

The fair value of the deferred compensation plan liabilities is based on the fair value of the investments corresponding to the employees’ investment selections, primarily in mutual funds, based on quoted prices in active markets for identical assets. The deferred compensation plan liability is recorded in Accrued compensation in the Consolidated Balance Sheets.

There have been no changes in the methodology used to fair value the financial instruments as well as no transfers between levels during the fiscal years ended October 29, 2017 and October 30, 2016.