CONSOLIDATION, RESTRUCTURING AND RELATED CHARGES

9 Months Ended

Jul. 28, 2013

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 charges of $1.2 million during the nine month period ended July 29, 2012. This restructuring, which was comprised primarily of employee termination costs, was substantially completed in fiscal 2012 at a cost of $1.4 million.

The following table sets forth the Company’s restructuring reserve, primarily related to its Singapore facility, as of July 28, 2013 and July 29, 2012, and reflects the activity affecting the reserve for the three month period and nine month periods then ended.

	Three Months Ended								Nine Months Ended
	July 28, 2013								July 28, 2013
	April 29, 2013		Charges		Utilized		July 28, 2013		October 29, 2012		Charges		Utilized			July 28, 2013
Employee terminations	$	40	$	-	$	-	$	40	$	295	$	-	$	(255	)	$	40
	$	40	$	-	$	-	$	40	$	295	$	-	$	(255	)	$	40

	Three Months Ended									Nine Months Ended
	July 29, 2012									July 29, 2012
	April 30, 2012		Charges		Utilized			July 29, 2012		October 31, 2011		Charges		Utilized			July 29, 2012
Employee terminations and other	$	199	$	7	$	(69	)	$	137	$	-	$	920	$	(783	)	$	137
Asset write-downs		-		-		-			-		-		262		(262	)		-
	$	199	$	7	$	(69	)	$	137	$	-	$	1,182	$	(1,045	)	$	137