Stockholders' Equity

3 Months Ended

Jan. 31, 2015

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Dividends

During the three months ended January 31, 2015, the Company’s Board of Directors declared the following dividends (in thousands, except per share amounts):

Declaration Date	Dividend per Share		Record Date	Total Amount Paid		Payment Date
November 24, 2014	$	0.035	December 10, 2014	$	15,106	January 2, 2015

No dividends were declared or paid by the Company during the three months ended January 25, 2014. Future dividend payments are subject to review and approval by the Company’s Board of Directors.

Convertible Note Hedge and Warrant Related to the Convertible Senior Unsecured Notes

In connection with the issuance of the 2020 Convertible Notes, the Company entered into convertible note hedge and warrant transactions with certain financial institutions with respect to its common stock. See Note 8, “Borrowings,” of the Notes to Condensed Consolidated Financial Statements for further discussion.

Accumulated Other Comprehensive Loss

The tax effects allocated to each component of other comprehensive income (loss) for the three months endedJanuary 31, 2015, and January 25, 2014, are as follows (in thousands):

	Three Months Ended
	January 31, 2015									January 25, 2014
	Before-Tax Amount			Tax (Expense) or Benefit			Net-of-Tax Amount			Before-Tax Amount			Tax Benefit		Net-of-Tax Amount
Unrealized gains (losses) on cash flow hedges:
Change in unrealized gains and losses, foreign exchange contracts	$	(2,179	)	$	405		$	(1,774	)	$	(1,021	)	$	97	$	(924	)
Net gains and losses reclassified into earnings, foreign exchange contracts (1)	683			(80		)	603			(33		)	2		(31		)
Net unrealized gains (losses) on cash flow hedges	(1,496		)	325			(1,171		)	(1,054		)	99		(955		)
Foreign currency translation adjustments	(4,221		)	—			(4,221		)	(823		)	—		(823		)
Total other comprehensive loss	$	(5,717	)	$	325		$	(5,392	)	$	(1,877	)	$	99	$	(1,778	)

⁽¹⁾ For Condensed Consolidated Statements of Income classification of amounts reclassified from accumulated other comprehensive loss, see Note 10, “Derivative Instruments and Hedging Activities,” of the Notes to Condensed Consolidated Financial Statements.

The changes in accumulated other comprehensive loss by component, net of tax, for the three months endedJanuary 31, 2015, and January 25, 2014, are as follows (in thousands):

	Three Months Ended
	January 31, 2015									January 25, 2014
	Gains (Losses) on Cash Flow Hedges			Foreign Currency Translation Adjustments			Total Accumulated Other Comprehensive Loss			Gains (Losses) on Cash Flow Hedges			Foreign Currency Translation Adjustments			Total Accumulated Other Comprehensive Loss
Beginning balance	$	(1,907	)	$	(16,907	)	$	(18,814	)	$	267		$	(13,711	)	$	(13,444	)
Change in unrealized gains and losses	(1,774		)	(4,221		)	(5,995		)	(924		)	(823		)	(1,747		)
Net gains and losses reclassified into earnings	603			—			603			(31		)	—			(31		)
Net current-period other comprehensive loss	(1,171		)	(4,221		)	(5,392		)	(955		)	(823		)	(1,778		)
Ending balance	$	(3,078	)	$	(21,128	)	$	(24,206	)	$	(688	)	$	(14,534	)	$	(15,222	)