CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES (CREDITS)

12 Months Ended

Oct. 28, 2012

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES (CREDITS) [Abstract]

CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES (CREDITS)

NOTE 12 - CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES (CREDITS)

Singapore facility

In the first quarter of fiscal 2012 the Company ceased the manufacture of photomasks at its Singapore facility and, in connection therewith, recorded charges of $1.4 million during fiscal 2012. This restructuring, which was comprised primarily of employee termination costs, was substantially completed in fiscal 2012. The following table sets forth the Company's restructuring reserve primarily related to its Singapore facility as of October 28, 2012, and reflects the activity affecting the reserve for the year then ended.

	Year Ended October 28, 2012
	October 31, 2011		Charges		Utilized			October 28, 2012

Employee terminations and other	$	-	$	1,166	$	(871	)	$	295

Asset write-downs		-		262		(262	)		-

	$	-	$	1,428	$	(1,133	)	$	295

Shanghai, China, Facility

In the third quarter of fiscal 2009, the Company ceased the manufacture of photomasks at its Shanghai, China, facility. Net restructuring credits of $5.0 million in 2010 primarily relate to the sale of the Company's Shanghai, China, manufacturing facility. In 2009 the carrying value of this facility was written down to its estimated fair value at that time, and in 2010 the facility was sold for net proceeds of $12.9 million, which exceeded its carrying value and resulted in a gain of $5.4 million that was recorded as a credit to the restructuring reserve.

The following table sets forth the Company's restructuring reserve as of October 31, 2010 related to its Shanghai, China, facility, and reflects the activity affecting the reserve for the year then ended.

	Year Ended October 31, 2010
	November 2, 2009		Charges (Credits)			Utilized			October 31, 2010

Net gain on sales of assets	$	-	$	(5,189	)	$	5,189		$	-

Employee terminations and other		134		210			(344	)		-
	$	134	$	(4,979	)	$	4,845		$	-

- 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.

+ References+ Details