Fair Value Measurements

3 Months Ended

Jan. 28, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

5. Fair Value Measurements

The Company applies fair value measurements for both financial and nonfinancial assets and liabilities. The Company has no nonfinancial assets and liabilities that are required to be measured at fair value on a recurring basis as of January 28, 2012.

The Company did not elect to measure any eligible financial instruments at fair value and report unrealized gains and losses on items for which the fair value option has been elected in earnings at each subsequent reporting date.

Fair Value Hierarchy

The Company utilizes a fair value hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Assets and liabilities measured and recorded at fair value on a recurring basis as of January 28, 2012 were as follows (in thousands):

			Fair Value Measurements Using
	Balance as of January 28, 2012		Quoted Prices in Active Markets For Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds (1)	$	208,960	$	208,960	$	—	$	—
Corporate bonds		785		—		785		—
Derivative assets		474		—		474		—
Total assets measured at fair value	$	210,219	$	208,960	$	1,259	$	—
Liabilities:
Derivative liabilities	$	4,587	$	—	$	4,587	$	—
Total liabilities measured at fair value	$	4,587	$	—	$	4,587	$	—

(1) Money market funds are reported within "Cash and cash equivalents" on the Condensed Consolidated Balance Sheets.

Assets and liabilities measured and recorded at fair value on a recurring basis as of October 29, 2011 were as follows (in thousands):

			Fair Value Measurements Using
	Balance as of October 29, 2011		Quoted Prices in Active Markets For Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds (1)	$	138,959	$	138,959	$	—	$	—
Corporate bonds		774		—		774		—
Derivative assets		1,368		—		1,368		—
Total assets measured at fair value	$	141,101	$	138,959	$	2,142	$	—
Liabilities:
Derivative liabilities	$	1,790	$	—	$	1,790	$	—
Total liabilities measured at fair value	$	1,790	$	—	$	1,790	$	—

(1) Money market funds are reported within "Cash and cash equivalents" on the Condensed Consolidated Balance Sheets.

During the three months ended January 28, 2012, the Company had no transfers between levels of the fair value hierarchy of its assets measured at fair value.