Fair Value of Financial Instruments

12 Months Ended

Oct. 28, 2018

Investments, All Other Investments [Abstract]

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



	October 28, 2018		October 29, 2017		Fair Value Hierarchy
Short-term investments	$	3,063	$	3,524	Level 1
Total financial assets	$	3,063	$	3,524
Deferred compensation plan liabilities	$	3,063	$	3,524	Level 1
Total financial liabilities	$	3,063	$	3,524

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 28, 2018 and October 29, 2017.