INCOME TAXES	3 Months Ended
Jan. 29, 2017
INCOME TAXES
INCOME TAXES	NOTE J INCOME TAXES The amount of unrecognized tax benefits, including interest and penalties, is recorded in other long-term liabilities. If recognized, as of January 29, 2017 and January 24, 2016, $20.6 million and $16.6 million, respectively, would impact the Company’s effective tax rate. The Company includes accrued interest and penalties related to uncertain tax positions in income tax expense, with $0.1 million and $0.3 million interest and penalties included in expense in the first quarter of fiscal 2017 and 2016, respectively. The amount of accrued interest and penalties at January 29, 2017, and January 24, 2016 associated with unrecognized tax benefits was $2.7 million and $3.5 million, respectively. The Company is regularly audited by federal and state taxing authorities. The United States Internal Revenue Service (I.R.S.) concluded their examination of fiscal year 2015 in the first quarter of fiscal 2017. The Company has elected to participate in the Compliance Assurance Process (CAP) for fiscal years 2016 and 2017. The objective of CAP is to contemporaneously work with the I.R.S. to achieve federal tax compliance and resolve all or most of the issues prior to filing of the tax return. The Company may elect to continue participating in CAP for future tax years; the Company may withdraw from the program at any time. The Company is in various stages of audit by several state taxing authorities on a variety of fiscal years, as far back as 2011. While it is reasonably possible that one or more of these audits may be completed within the next 12 months and that the related unrecognized tax benefits may change, based on the status of the examinations it is not possible to reasonably estimate the effect of any amount of such change to previously recorded uncertain tax positions.

INCOME TAXES

3 Months Ended

Jan. 29, 2017

NOTE J INCOME TAXES

The amount of unrecognized tax benefits, including interest and penalties, is recorded in other long-term liabilities. If recognized, as of January 29, 2017 and January 24, 2016, $20.6 million and $16.6 million, respectively, would impact the Company’s effective tax rate. The Company includes accrued interest and penalties related to uncertain tax positions in income tax expense, with $0.1 million and $0.3 million interest and penalties included in expense in the first quarter of fiscal 2017 and 2016, respectively. The amount of accrued interest and penalties at January 29, 2017, and January 24, 2016 associated with unrecognized tax benefits was $2.7 million and $3.5 million, respectively.

The Company is regularly audited by federal and state taxing authorities. The United States Internal Revenue Service (I.R.S.) concluded their examination of fiscal year 2015 in the first quarter of fiscal 2017. The Company has elected to participate in the Compliance Assurance Process (CAP) for fiscal years 2016 and 2017. The objective of CAP is to contemporaneously work with the I.R.S. to achieve federal tax compliance and resolve all or most of the issues prior to filing of the tax return. The Company may elect to continue participating in CAP for future tax years; the Company may withdraw from the program at any time.

The Company is in various stages of audit by several state taxing authorities on a variety of fiscal years, as far back as 2011. While it is reasonably possible that one or more of these audits may be completed within the next 12 months and that the related unrecognized tax benefits may change, based on the status of the examinations it is not possible to reasonably estimate the effect of any amount of such change to previously recorded uncertain tax positions.