Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Oct. 25, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 14 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss), net of tax, consists of the following:

											Accumulated
											Other
		Foreign Currency			Benefit			Financial			Comprehensive
		Translation			Obligations			Instruments			Income (Loss)
Balance, October 29, 2010	$	159,966		$	(79,100	)	$	7,221		$	88,087
Other comprehensive income (loss), net of tax		(7,175	)		(5,332	)		(12,801	)		(25,308	)
Balance, October 28, 2011		152,791			(84,432	)		(5,580	)		62,779
Other comprehensive income (loss), net of tax		6,819			(14,975	)		(4,351	)		(12,507	)
Balance, October 26, 2012		159,610			(99,407	)		(9,931	)		50,272
Other comprehensive income (loss), net of tax		(26,007	)		28,467			687			3,147
Balance, October 25, 2013	$	133,603		$	(70,940	)	$	(9,244	)	$	53,419

The tax effects of each component of other comprehensive income (loss) are as follows:

For the Year Ended		October 25, 2013			October 26, 2012			October 28, 2011
Foreign Currency Translation	$	(26,007	)	$	6,819		$	(7,175	)
Change in Benefit Obligations
(Increase)/decrease in net loss		35,612			(27,049	)		(15,495	)
Reclassification for recognition of net loss included in net periodic
benefit cost		10,046			7,336			6,359
(Increase)/decrease in net prior service cost		(482	)		(209	)		(673	)
Reclassification for amortization of prior service (credit) cost
included in net periodic pension cost		320			307			269
Income tax benefit (expense)		(17,029	)		4,640			4,208
Change in Benefit Obligations		28,467			(14,975	)		(5,332	)
Change in Financial Instruments
Net unrealized holding gains (losses)		(25	)		(7,424	)		(20,286	)
Reclassification adjustment for net (gains) losses included in net
income		1,143			350			(529	)
Income tax benefit (expense)		(431	)		2,723			8,014
Change in Financial Instruments		687			(4,351	)		(12,801	)
Other Comprehensive Income (Loss)	$	3,147		$	(12,507	)	$	(25,308	)

We deem our foreign investments to be permanent in nature and therefore do not provide for taxes on foreign currency translation adjustments.

Amounts related to financial instruments are reclassified to net income based on the nature of the adjustment. See Note 8 for further information on financial instrument reclassifications.

Amounts related to pension and post-retirement medical adjustments are reclassified to pension cost, which is allocated to cost of sales and operating expenses based on salaries and wages, approximately as follows (in thousands):

		2013		2012		2011
Cost of sales		4,056		3,056		2,700
Research and Development		1,352		1,039		876
Selling, General and Administrative		4,958		3,548		3,052
Total Before Income Taxes	$	10,366	$	7,643	$	6,628