OPERATING LEASES

12 Months Ended

Oct. 30, 2011

NOTE 9 - OPERATING LEASES

The Company leases various real estate and equipment under non-cancelable operating leases. Rental expense under such leases amounted to $2.9 million in fiscal years 2011 and 2010, and $3.6 million in fiscal year 2009. As discussed in Note 7, in fiscal 2009 the Company entered into a new lease agreement for the U.S. nanoFab, under which the lease was being accounted for as a capital lease through December 31, 2012 (the end date of its original lease term), and, thereafter, will be accounted for as an operating lease through its expiration on December 31, 2014. In 2011 the Company paid this capital lease obligation in full with a portion of the net proceeds of the March 2011 issuance of its 3.25% convertible senior notes.

At October 30, 2011, future minimum lease payments under non-cancelable operating leases with initial terms in excess of one year are as follows:

2012	$	2,206
2013		8,294
2014		8,506
2015		521
2016		489
Thereafter		873
	$	20,889

See Note 7 for disclosures related to the Company's capital lease obligations.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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