Hedging

12 Months Ended

Oct. 28, 2012

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Hedging

NOTE 12: Hedging

The Company enters into non-derivative financial instruments to hedge its net investment in certain foreign subsidiaries. During fiscal years 2010 through 2012, the Company primarily used short-term foreign currency borrowings to hedge its net investments in certain foreign operations.

At October 28, 2012 and October 30, 2011, the Company had outstanding $21.9 million and $19.4 million, respectively, of foreign currency denominated short-term borrowings used to hedge the Company’s net investment in certain foreign subsidiaries. The Company does not designate and document these instruments as hedges under ASC 815 “Derivatives and Hedging”, and as a result gains and losses associated with these instruments are included in Foreign Exchange Gain (Loss), net in our consolidated statements of operations. For fiscal years 2012, 2011 and 2010, net gains/ (losses) on these borrowings and instruments of ($0.6) million, $0.5 million and $0.0 million, respectively, were included in Foreign Exchange Gain (Loss), net.