FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 31, 2016

Schedule of Fair Value Not Current Recognized on Balance sheet

The fair values of the remaining financial instruments not currently recognized at fair value on our consolidated balance sheets at the respective fiscal period ends were (in thousands):



	July 31, 2016				November 1, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Credit Agreement, due June 2019	$	164,147	$	163,737	$	194,147	$	193,662
8.25% senior notes, due January 2023	250,000		272,500		250,000		263,750

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes information regarding our financial assets and liabilities that are measured at fair value on a recurring basis as of July 31, 2016, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Short-term investments in deferred compensation plan⁽¹⁾:
Money market	$	483	$	—	$	—	$	483
Mutual funds – Growth	795		—		—		795
Mutual funds – Blend	3,170		—		—		3,170
Mutual funds – Foreign blend	725		—		—		725
Mutual funds – Fixed income	—		712		—		712
Total short-term investments in deferred compensation plan	5,173		712		—		5,885
Total assets	$	5,173	$	712	$	—	$	5,885
Liabilities:
Deferred compensation plan liability	$	—	$	3,813	$	—	$	3,813
Total liabilities	$	—	$	3,813	$	—	$	3,813


(1)	Unrealized holding gains for the three months ended July 31, 2016 and August 2, 2015 were $0.3 million and insignificant, respectively. Unrealized holding gains for the nine months ended July 31, 2016 and August 2, 2015 were $0.1 million and $0.1 million, respectively. These unrealized holding gains were primarily offset by changes in the deferred compensation plan liability.

The following table summarizes information regarding our financial assets and liabilities that are measured at fair value on a recurring basis as of November 1, 2015, segregated by level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Short-term investments in deferred compensation plan⁽¹⁾:
Money market	$	744	$	—	$	—	$	744
Mutual funds – Growth	764		—		—		764
Mutual funds – Blend	2,984		—		—		2,984
Mutual funds – Foreign blend	724		—		—		724
Mutual funds – Fixed income	—		673		—		673
Total short-term investments in deferred compensation plan	$	5,216	$	673	$	—	$	5,889
Total assets	$	5,216	$	673	$	—	$	5,889
Liabilities:
Deferred compensation plan liability	$	—	$	5,164	$	—	$	5,164
Total liabilities	$	—	$	5,164	$	—	$	5,164


(1)	Unrealized holding gain for the fiscal year ended November 1, 2015 was insignificant. This unrealized holding gain was primarily offset by changes in the deferred compensation plan liability.

Fair Value Measurements, Nonrecurring

The following table summarizes information regarding our financial assets that are measured at fair value on a nonrecurring basis as of July 31, 2016 and November 1, 2015 (in thousands):



	Level 3
	July 31, 2016		November 1, 2015
Assets:
Assets held for sale⁽¹⁾	$	—	$	2,280
Total assets	$	—	$	2,280

(1)

Certain assets held for sale were valued at fair value and were measured at fair value on a nonrecurring basis. Assets held for sale are reported at fair value, if, on an individual basis, the fair value of the asset is less than cost. The fair value of assets held for sale is estimated using level 3 inputs, such as broker quotes for like-kind assets or other market indications of a potential selling value which approximates fair value. The assets that were previously reported at fair value as of November 1, 2015 were sold in January 2016. See Note 7 — Assets Held for Sale for additional information.