Stockholders' Equity

12 Months Ended

Nov. 02, 2014

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 years 2014, 2013 or 2012. 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 1,500,000 shares of the Company’s common stock. Shares repurchased prior to this plan were purchased under a previous buy-back plan that was approved by the Board of Directors on September 6, 2006. No shares were repurchased in fiscal 2014 or 2013. As of November 2, 2014 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 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	)
Current period other comprehensive income (loss)	(1,158		)	1			(1,157		)
November 2, 2014	$	(6,365	)	$	(35	)	$	(6,400	)