Stockholders' Equity

12 Months Ended

Nov. 03, 2019

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 2019 or 2018. The holders of common stock have no preemptive or other subscription rights and there is no redemption or sinking fund provisions with respect to such shares. There is no preferred stock outstanding.

(b)Treasury Stock

The Company issues shares out of treasury stock to satisfy share-based compensation awards. Activity for the fiscal years ended November 3, 2019 and October 28, 2018 is summarized as follows (in thousands):

	November 3, 2019			October 28, 2018
Balance, beginning of the year	$	(33,600	)	$	(37,607	)
Shares issued for share-based compensation awards	7,445			4,007
Ending Balance	$	(26,155	)	$	(33,600	)

(c)    Comprehensive Income (Loss)

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

	Foreign currency gains/(losses)
Balance at October 29, 2017	$	(5,261	)
Other comprehensive income (loss) before reclassifications	(1,809		)
Current period other comprehensive income (loss)	(1,809		)
Balance at October 28, 2018	(7,070		)
Other comprehensive income (loss) before reclassifications	269
Current period other comprehensive income	269
Balance at November 3, 2019	$	(6,801	)

There were no reclassifications from accumulated other comprehensive loss in fiscal 2019 and 2018.