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Stockholders' Equity
 9 Months Ended
Jul. 29, 2017
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Dividends
During the nine months ended July 29, 2017, 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 20, 2016
 
$
0.055

 
December 12, 2016
 
$
22,346

 
January 4, 2017
February 22, 2017
 
$
0.055

 
March 10, 2017
 
$
22,434

 
April 4, 2017
May 24, 2017
 
$
0.055

 
June 12, 2017
 
$
22,669

 
July 5, 2017

Future dividends are subject to review and approval on a quarterly basis by the Company’s Board of Directors or a committee thereof, and are limited under the terms of the Merger Agreement (as defined in Note 1, “Basis of Presentation,” of the Notes to Condensed Consolidated Financial Statements).
Convertible Note Hedge and Warrants 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 components of other comprehensive income (loss) and related tax effects for the three months ended July 29, 2017, and July 30, 2016, are as follows (in thousands):
 
Three Months Ended
 
July 29, 2017
 
July 30, 2016
 
Before-Tax Amount
 
Tax (Expense) Benefit
 
Net-of-Tax Amount
 
Before-Tax Amount
 
Tax (Expense) Benefit
 
Net-of-Tax Amount
Unrealized gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Change in unrealized gains and losses, foreign exchange contracts
$
206

 
$
3

 
$
209

 
$
(715
)
 
$
15

 
$
(700
)
Net gains and losses reclassified into earnings, foreign exchange contracts (1)
405

 
(42
)
 
363

 
507

 
(25
)
 
482

Net unrealized gains (losses) on cash flow hedges
611

 
(39
)
 
572

 
(208
)
 
(10
)
 
(218
)
Foreign currency translation adjustments
1,972

 
—

 
1,972

 
(1,628
)
 
—

 
(1,628
)
Total other comprehensive income (loss)
$
2,583

 
$
(39
)
 
$
2,544

 
$
(1,836
)
 
$
(10
)
 
$
(1,846
)

The components of other comprehensive income (loss) and related tax effects for the nine months ended July 29, 2017, and July 30, 2016, are as follows (in thousands):
 
Nine Months Ended
 
July 29, 2017
 
July 30, 2016
 
Before-Tax Amount
 
Tax
Expense
 
Net-of-Tax Amount
 
Before-Tax Amount
 
Tax (Expense) Benefit
 
Net-of-Tax Amount
Unrealized gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Change in unrealized gains and losses, foreign exchange contracts
$
408

 
$
(32
)
 
$
376

 
$
(1,056
)
 
$
21

 
$
(1,035
)
Net gains and losses reclassified into earnings, foreign exchange contracts (1)
892

 
(93
)
 
799

 
1,981

 
(150
)
 
1,831

Net unrealized gains (losses) on cash flow hedges
1,300

 
(125
)
 
1,175

 
925

 
(129
)
 
796

Foreign currency translation adjustments
2,635

 
—

 
2,635

 
(1,760
)
 
—

 
(1,760
)
Total other comprehensive income (loss)
$
3,935

 
$
(125
)
 
$
3,810

 
$
(835
)
 
$
(129
)
 
$
(964
)
(1)
For classification of amounts reclassified from accumulated other comprehensive loss into earnings as reported on the Company’s Condensed Consolidated Statements of Operations, 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 nine months ended July 29, 2017, and July 30, 2016, are as follows (in thousands):
 
Nine Months Ended
 
July 29, 2017
 
July 30, 2016
 
Gains (Losses) on Cash Flow Hedges

Foreign Currency Translation Adjustments

Total Accumulated Other Comprehensive Loss

Losses
on Cash Flow Hedges

Foreign Currency Translation Adjustments

Total Accumulated Other Comprehensive Loss
Beginning balance
$
(871
)
 
$
(26,542
)
 
$
(27,413
)
 
$
(1,539
)
 
$
(23,463
)
 
$
(25,002
)
Change in unrealized gains and losses
376

 
2,635

 
3,011

 
(1,035
)
 
(1,760
)
 
(2,795
)
Net gains and losses reclassified into earnings
799

 
—

 
799

 
1,831

 
—

 
1,831

Net current-period other comprehensive income (loss)
1,175

 
2,635

 
3,810

 
796

 
(1,760
)
 
(964
)
Ending balance
$
304

 
$
(23,907
)
 
$
(23,603
)
 
$
(743
)
 
$
(25,223
)
 
$
(25,966
)