Derivatives (Tables)

9 Months Ended

Aug. 04, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Net gain or loss on the hedged item

The gain or loss on the hedged item (that is, the fixed-rate borrowings) attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps for the nine-month periods ended August 4, 2012 and July 30, 2011 were as follows:

Statement of income classification	August 4, 2012							July 30, 2011
	Loss on Swaps			Gain on Note		Net Income Effect		Loss on Swaps			Gain on Note		Net Income Effect
Other income	$	(769	)	$	769	$	—	$	(4,182	)	$	4,182	$	—

Fair value of hedging instruments

The fair values of these hedging instruments in the Company’s condensed consolidated balance sheets as of August 4, 2012 and October 29, 2011 were as follows:

		Fair Value At
	Balance Sheet Location	August 4, 2012		October 29, 2011
Interest rate swap agreements	Other assets	$	—	$	22,187
Forward foreign currency exchange contracts	Prepaid expenses and other current assets	$	—	$	2,038
	Accrued liabilities	$	4,039	$	—

Effect of derivative instruments designated as cash flow hedges

The effect of derivative instruments designated as cash flow hedges on the condensed consolidated statements of income for the three- and nine-month periods ended August 4, 2012 and July 30, 2011 were as follows:

	Three Months Ended
	August 4, 2012			July 30, 2011
Loss recognized in OCI on derivatives (net of tax of $862 in 2012 and $351 in 2011)	$	(5,161	)	$	(2,311	)
Loss (gain) reclassified from OCI into income (net of tax of $517 in 2012 and $432 in 2011)	$	3,099		$	(2,844	)

	Nine Months Ended
	August 4, 2012			July 30, 2011
(Loss) gain recognized in OCI on derivatives (net of tax of $1,807 in 2012 and $693 in 2011)	$	(11,805	)	$	4,344
Loss (gain) reclassified from OCI into income (net of tax of $1,049 in 2012 and $1,027 in 2011)	$	6,637		$	(6,856	)

Amounts reclassified into earnings before tax recognized in cost of sales and operating expenses

The amounts reclassified into earnings before tax are recognized in cost of sales and operating expenses for the three- and nine-month periods ended August 4, 2012 and July 30, 2011 were as follows:

	Three Months Ended
	August 4, 2012		July 30, 2011
Cost of sales	$	1,390	$	1,535
Research and development	$	978	$	833
Selling, marketing, general and administrative	$	1,248	$	908

	Nine Months Ended
	August 4, 2012		July 30, 2011
Cost of sales	$	2,912	$	3,784
Research and development	$	2,071	$	2,029
Selling, marketing, general and administrative	$	2,703	$	2,070