Investments

12 Months Ended

Nov. 03, 2012

Investments Debt And Equity Securities [Abstract]

Investments

NOTE 2 Investments

Investments in “held-to-maturity” and “available-for-sale” debt and equity securities were as follows:

	November 3, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Available-for-sale securities (carried at fair value):
Equity securities in a public company	$	167,930	$	153,016	$	—	$	320,946
Total investments	$	167,930	$	153,016	$	—	$	320,946

	November 5, 2011
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Held-to-maturity securities (carried at amortized cost):
Municipal securities	$	506,668	$	9,977	$	—	$	516,645
Available-for-sale securities (carried at fair value):
Equity securities in a public company		167,930		124,699		—		292,629
Total investments	$	674,598	$	134,676	$	—	$	809,274

The fair values were estimated based on quoted market prices using current market rates at each respective period end.

Contractual maturities of “held-to-maturity” debt securities were as follows:

	November 3, 2012				November 5, 2011
	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Due in less than one year	$	—	$	—	$	506,668	$	516,645
Due in 1 - 5 years		—		—		—		—
	$	—	$	—	$	506,668	$	516,645

There were no sales of “available-for-sale” securities during the fiscal years 2012 or 2011.

A summary of the carrying values and balance sheet classification of all investments in debt and equity securities including “held-to-maturity” and “available-for-sale” securities disclosed above was as follows:

	November 3, 2012		November 5, 2011
Available-for-sale equity securities	$	320,946	$	292,629
Held-to-maturity debt securities included in short-term investments		—		506,668
Total short-term investments	$	320,946	$	799,297