Stockholders' Equity

12 Months Ended

Nov. 03, 2013

Equity [Abstract]

Stockholders' Equity

NOTE 13: 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 years 2013, 2012 or 2011. The holders of common stock have no preemptive or other subscription rights and there are no redemption or sinking fund provisions with respect to such shares. There is no preferred stock outstanding.

(b) Treasury Stock

On June 2, 2008, the Company’s Board of Directors approved a stock repurchase program whereby the Company is authorized to repurchase up to an additional 1,500,000 shares of the Company’s common stock. Shares repurchased prior to this authorization plan were purchased under a previous buy-back plan that was approved by the Board of Directors on September 6, 2006. The 2006 plan approved the repurchase of up to 1,500,000 of the Company’s common stock. No shares were repurchased in fiscal 2013 or 2012. As of November 3, 2013 the Company may purchase up to 309,255 additional shares under the 2008 authorization, subject to limitations contained in the Company’s debt agreements.

(c) Comprehensive Income (Loss)

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

	Foreign currency gains/(losses)		Unrealized gains/(losses) on securities		Accumulated other comprehensive income (loss)
October 30, 2011	$	(2,005)	$	(66)	$	(2,071)
Current period other comprehensive income (loss)		(671)		3		(668)
October 28, 2012	$	(2,676)	$	(63)	$	(2,739)
Current period other comprehensive income (loss)		(2,531)		27		(2,504)
November 3, 2013	$	(5,207)	$	(36)	$	(5,243)