Fair Value of Financial Instruments

12 Months Ended

Nov. 02, 2014

Investments, All Other Investments [Abstract]

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



	November 2, 2014		November 3, 2013		Fair Value Hierarchy
Short-term investments	$	5,543	$	6,144	Level 1
Total financial assets	$	5,543	$	6,144
Deferred compensation plan liabilities	$	5,439	$	6,041	Level 1
Total financial liabilities	$	5,439	$	6,041

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.

Short-term investments also includes available for sale securities of $0.1 million at November 2, 2014 and November 3, 2013.

The Company has a term loan with borrowings at fixed interest rates, and our interest expense related to this borrowing is not affected by changes in interest rates in the near term. The fair value of the term loan was calculated by applying the appropriate fiscal year-end interest rates to our present streams of loan payments.



	November 2, 2014
(in thousands)	Carrying Amount		Estimated Fair Value		Fair Value Hierarchy
Long-Term Debt, including current portion	$	8,127	$	9,012	Level II

	November 3, 2013
Long-Term Debt, including current portion	$	8,966	$	9,956	Level II

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 2, 2014 and November 3, 2013.