CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES

3 Months Ended

Jan. 29, 2012

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES [Abstract]

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES

NOTE 8 - CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES

In the first quarter of fiscal 2012 the Company ceased the manufacture of photomasks at its Singapore facility, and in connection therewith recorded a charge of $1.1 million during the three month period ended January 29, 2012. The Company expects that this restructuring will be completed in fiscal 2012, and expects its total cost to range between $1.5 million and $1.9 million, with that cost primarily being comprised of employee termination costs and asset write-downs. The following table sets forth the Company's restructuring reserve primarily related to its Singapore facility as of January 29, 2012, and reflects the activity affecting the reserve for the three month period then ended.

	Three Months Ended
	January 29, 2012
	October 31, 2011		Charges		Utilized			January 29, 2012

Employee terminations and other	$	-	$	886	$	(467	)	$	419
Asset write-downs		-		232		(232	)		-
	$	-	$	1,118	$	(699	)	$	419

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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