PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Oct. 29, 2017

PROPERTY, PLANT AND EQUIPMENT [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 2 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consists of the following:

	October 29, 2017		October 30, 2016
Land	$	9,959	$	8,036
Buildings and improvements		125,290		121,873
Machinery and equipment		1,547,870		1,475,755
Leasehold improvements		20,050		19,224
Furniture, fixtures and office equipment		12,989		12,700
Construction in progress		72,045		23,961
		1,788,203		1,661,549
Less: Accumulated depreciation and amortization		1,253,006		1,155,115
	$	535,197	$	506,434

Property under capital leases is included in above property, plant and equipment as follows:

	October 29, 2017		October 30, 2016
Machinery and equipment	$	34,917	$	34,917
Less accumulated amortization		13,843		10,352
	$	21,074	$	24,565

During the three month period ended January 29, 2017, we acquired a business comprised of manufacturing assets and certain intellectual property that enables us to expand our manufacturing capability, primarily in large area masks for IC, for approximately $5.7 million, including a $0.3 million holdback payable one year from the acquisition date. The transaction was accounted for in accordance with ASC 805, “Business Combinations”, with substantially all of the purchase price being allocated to long-lived assets that are being depreciated over five years.

During the three month period ended January 29, 2017, we entered into a noncash transaction with a customer which resulted in the acquisition of equipment with a fair value of approximately $9.0 million in fiscal year 2017.