XML 18 R23.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Subsequent Events
9 Months Ended
Jul. 30, 2011
Subsequent Events  
Subsequent Events

18. Subsequent Events

In August 2011, the Company committed to a plan to exit a portion of its Global Services business through the sale of Strategic Business Systems, Inc. ("SBS"), a wholly-owned subsidiary of the Company and has signed a Stock Purchase Agreement ("SPA") to sell SBS. SBS was acquired in the second quarter of fiscal year 2008. We expect that the sale of SBS will enable the Company's Global Services organization to focus on the execution of strategic and core offerings such as support and service for the Company's products as well as professional consulting.

The SPA is subject to certain closing conditions and is expected to be completed within fiscal 2011. As of the end of the third quarter of fiscal year 2011, the net carrying amount of assets and liabilities that became held for sale in the fourth quarter of fiscal year 2011 as result of the Company's commitment and actions was $16.2 million, comprising primarily of intangible assets with net book value of $11.1 million. We do not believe that the sale will have a material impact on our recurring net income.