Fair Value of Financial Instruments

12 Months Ended

Nov. 03, 2019

Investments, All Other Investments [Abstract]

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



	November 3, 2019		October 28, 2018		Fair Value Hierarchy
Short-term investments	$	3,022	$	3,063	Level 1
Total financial assets	$	3,022	$	3,063
Deferred compensation plan liabilities	$	3,022	$	3,063	Level 1
Total financial liabilities	$	3,022	$	3,063

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 November 3, 2019 and October 28, 2018.