Summary of Significant Accounting Policies (Tables)

12 Months Ended

Nov. 01, 2014

OffsettingAssetsLiabilitiesTableTextBlockTableTextBlock [Table Text Block]



	November 1, 2014			November 2, 2013
Gross amount of recognized (liabilities) assets	(10,736		)	$	4,217
Gross amounts recognized assets (liabilities) offset in the consolidated balance sheet	643			(1,950		)
Net amount presented in the consolidated balance sheet (liabilities) assets	$	(10,093	)	$	2,267

Unrealized gains and losses on available-for-sale securities classified as short-term investments

Unrealized gains and losses on available-for-sale securities classified as short-term investments at November 1, 2014 and November 2, 2013 were as follows:



	2014			2013
Unrealized gains on securities classified as short-term investments	$	541		$	1,137
Unrealized losses on securities classified as short-term investments	(407		)	(511		)
Net unrealized gains on securities classified as short-term investments	$	134		$	626

Cash and cash equivalents and short term investments

The components of the Company’s cash and cash equivalents and short-term investments as of November 1, 2014 and November 2, 2013 were as follows:



	2014		2013
Cash and cash equivalents:
Cash	$	117,337	$	45,637
Available-for-sale	447,968		346,452
Held-to-maturity	3,928		—
Total cash and cash equivalents	$	569,233	$	392,089
Short-term investments:
Available-for-sale	$	2,297,235	$	4,290,823
Total short-term investments	$	2,297,235	$	4,290,823

Supplemental cash flow statement Information



	2014		2013		2012
Cash paid during the fiscal year for:
Income taxes	$	73,067	$	36,863	$	143,899
Interest	$	27,931	$	29,354	$	29,177

Inventories

Inventories at November 1, 2014 and November 2, 2013 were as follows:



	2014		2013
Raw materials	$	47,267	$	19,641
Work in process	216,765		175,155
Finished goods	103,895		88,541
Total inventories	$	367,927	$	283,337
Non-current inventories	$	8,793	—

Useful lives of property, plant and equipment

Depreciation and amortization are based on the following useful lives:



Buildings	Up to 25 years
Machinery & equipment	3-8 years
Office equipment	3-8 years

Changes in goodwill

The following table presents the changes in goodwill during fiscal 2014 and fiscal 2013:



	2014			2013
Balance at beginning of year	$	284,112		$	283,833
Acquisition of Hittite (Note 6)	1,357,077			—
Acquisition of Metroic (Note 6)	1,337			—
Goodwill allocated to sale of product line (Note 17)	—			(1,609		)
Foreign currency translation adjustment	(88		)	1,888
Balance at end of year	$	1,642,438		$	284,112

Intangible assets consisted of the following:

As of November 1, 2014 and November 2, 2013, the Company’s finite-lived intangible assets consisted of the following which related to the acquisition of Hittite and Multigig, Inc. See Note 6 below for further information related to the acquisitions of Hittite and Multigig, Inc.



	November 1, 2014				November 2, 2013
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	624,900	$	19,473	$	—	$	—
Technology-based	$	16,200	$	1,627	$	1,100	$	348
Backlog	$	25,500	$	7,154	$	—	$	—
Total	$	666,600	$	28,254	$	1,100	$	348

Schedule of expected annual amortization expense

The Company expects annual amortization expense for intangible assets as follows:



Fiscal Year	Amortization Expense
2015	$	91,774
2016	$	73,428
2017	$	73,300
2018	$	72,149
2019	$	69,433

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 fiscal 2012 was as follows:



Statement of income classification	November 3, 2012
Statement of income classification	Loss on Swaps			Gain on Note		Net Income Effect
Other income	$	(769	)	$	769	$	—

Fair value of hedging instruments

The fair values of forward foreign currency derivative instruments designated as hedging instruments in the Company’s consolidated balance sheets as of November 1, 2014 and November 2, 2013 were as follows:



		Fair Value At
	Balance Sheet Location	November 1, 2014		November 2, 2013
Forward foreign currency exchange contracts	Prepaid expenses and other current assets	$	—	$	2,377
	Accrued liabilities	$	10,584	$	—

Fair value of financial assets and liabilities

The tables below, set forth by level, presents the Company’s financial assets and liabilities, excluding accrued interest components, that were accounted for at fair value on a recurring basis as of November 1, 2014 and November 2, 2013. The tables exclude cash on hand and assets and liabilities that are measured at historical cost or any basis other than fair value. As of November 1, 2014 and November 2, 2013, the Company held $121.3 million and $45.6 million, respectively, of cash and held-to-maturity investments that were excluded from the tables below.



	November 1, 2014
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total
Assets
Cash equivalents:
Available-for-sale:
Institutional money market funds	$	178,067	$	—	$	—	$	178,067
Corporate obligations (1)	—		269,901		—		269,901
Short - term investments:
Available-for-sale:
Securities with one year or less to maturity:
Corporate obligations (1)	—		2,122,120		—		2,122,120
Floating rate notes, issued at par	—		85,061		—		85,061
Floating rate notes (1)	—		50,010		—		50,010
Securities with greater than one year to maturity:
Floating rate notes, issued at par	—		40,044		—		40,044
Other assets:
Deferred compensation investments	21,393		—		—		21,393
Interest rate swap agreements	—		1,723		—		1,723
Total assets measured at fair value	$	199,460	$	2,568,859	$	—	$	2,768,319
Liabilities
Contingent consideration	—		—		4,806		4,806
Forward foreign currency exchange contracts (2)	—		10,093		—		10,093
Total liabilities measured at fair value	$	—	$	10,093	$	4,806	$	14,899


(1)	The amortized cost of the Company’s investments classified as available-for-sale as of November 1, 2014 was $2.3 billion.


(2)	The Company has a master netting arrangement by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, for more information related to the Company's master netting arrangements.



	November 2, 2013
	Fair Value measurement at Reporting Date using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total
Assets
Cash equivalents:
Available-for-sale:
Institutional money market funds	$	186,896	$	—	$	—	$	186,896
Corporate obligations (1)	—		159,556		—		159,556
Short - term investments:
Available-for-sale:
Securities with one year or less to maturity:
Corporate obligations (1)	—		3,764,213		—		3,764,213
Floating rate notes, issued at par	—		207,521		—		207,521
Floating rate notes (1)	—		113,886		—		113,886
Securities with greater than one year to maturity:
Floating rate notes, issued at par	—		205,203		—		205,203
Other assets:
Forward foreign currency exchange contracts (2)	—		2,267		—		2,267
Deferred compensation investments	17,431		—		—		17,431
Total assets measured at fair value	$	204,327	$	4,452,646	$	—	$	4,656,973
Liabilities
Contingent consideration	—		—		6,479		6,479
Total liabilities measured at fair value	$	—	$	—	$	6,479	$	6,479


(1)	The amortized cost of the Company’s investments classified as available-for-sale as of November 2, 2013 was $3.8 billion.


(2)	The Company has a master netting arrangement by counterparty with respect to derivative contracts. See Note 2i, Derivative Instruments and Hedging Agreements, for more information related to the Company's master netting arrangements.

Schedule of fair value inputs

The fair value measurement of the contingent consideration encompasses the following significant unobservable inputs:



Unobservable Inputs	Range
Estimated contingent consideration payments	$5,000
Discount rate	0% - 10%
Timing of cash flows	1 - 2 years
Probability of achievement	95% - 100%

Change in the fair value of the contingent consideration

The following table summarizes the change in the fair value of the contingent consideration measured using significant unobservable inputs (Level 3) from November 3, 2012 to November 1, 2014:



	Contingent Consideration
Balance as of November 3, 2012	$	12,219
Payment made (1)	(6,000		)
Fair value adjustment (2)	260
Balance as of November 2, 2013	$	6,479
Contingent consideration liability recorded	1,888
Payment made (1)	(4,000		)
Fair value adjustment (2)	439
Balance as of November 1, 2014	$	4,806


(1)	The payment is reflected in the statements of cash flows as cash used in financing activities related to the liability recognized at fair value as of the acquisition date and as cash provided by operating activities related to the fair value adjustments previously recognized in earnings.


(2)	Recorded in research and development expense in the consolidated statements of income.

Components of accumulated other comprehensive (loss)

The components of accumulated other comprehensive loss at November 1, 2014 and November 2, 2013 consisted of the following, net of tax:



	Foreign currency translation adjustment			Unrealized holding gains on available for sale securities classified as short-term investments			Unrealized holding (losses) on available for sale securities classified as short-term investments			Unrealized holding Gains on Derivatives			Pension Plans			Total
November 2, 2013	$	483		$	953		$	(435	)	$	9,097		$	(90,644	)	$	(80,546	)
Other comprehensive income before reclassifications	(3,236		)	(596		)	104			(10,266		)	(90,025		)	(104,019		)
Amounts reclassified out of other comprehensive income	—			—			—			764			4,323			5,087
Tax effects	(2,379		)	161			25			1,064			12,081			10,952
Other comprehensive income	(5,615		)	(435		)	129			(8,438		)	(73,621		)	(87,980		)
November 1, 2014	$	(5,132	)	$	518		$	(306	)	$	659		$	(164,265	)	$	(168,526	)

Computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share:



	2014		2013		2012
Net Income	$	629,320	$	673,487	$	651,236
Basic shares:
Weighted average shares outstanding	313,195		307,763		298,761
Earnings per share basic	$	2.01	$	2.19	$	2.18

Diluted shares:
Weighted average shares outstanding	313,195		307,763		298,761
Assumed exercise of common stock equivalents	4,832		6,278		7,430
Weighted average common and common equivalent shares	318,027		314,041		306,191
Earnings per share diluted	$	1.98	$	2.14	$	2.13
Anti-dilutive shares related to:
Outstanding stock options	2,911		4,116		7,209

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]



	2014
Comprehensive Income Component				Location
Unrealized holding (losses) gains on derivatives
Currency forwards	$	1,134		Cost of sales
	(209		)	Research and development
	934			Selling, marketing, general and administrative
Treasury rate lock	(1,095		)	Interest, expense
	764			Total before tax
	148			Tax
	$	912		Net of tax

Amortization of pension components
Transition obligation	$	19		a
Prior service credit	(240		)	a
Actuarial losses	4,544			a
	4,323			Total before tax
	(645		)	Tax
	$	3,678		Net of tax

Total amounts reclassified out of accumulated other comprehensive income, net of tax	$	4,590