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Hedging
12 Months Ended
Nov. 03, 2013
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 2012 through 2013, the Company primarily used short-term foreign currency borrowings to hedge its net investments in certain foreign operations.

At November 3, 2013 and October 28, 2012, the Company had outstanding $22.3 million and $21.9 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 2013, 2012 and 2011, net gains/(losses) on these borrowings and instruments of $0.1 million, ($0.6) million and $0.5 million, respectively, were included in Foreign Exchange Gain (Loss), net in the Consolidated Statement of Operations.