Income Taxes (Tables)

12 Months Ended

Oct. 29, 2016

Schedule of income tax provision reconciliation

The reconciliation of income tax computed at the U.S. federal statutory rates to income tax expense is as follows:



	2016			2015			2014
U.S. federal statutory tax rate	35.0		%	35.0		%	35.0		%
Income tax provision reconciliation:
Tax at statutory rate:	$	334,922		$	283,540		$	255,271
Net foreign income subject to lower tax rate	(264,157		)	(198,061		)	(179,329		)
State income taxes, net of federal benefit	(10,821		)	(4,425		)	(6,361		)
Valuation allowance	13,658			4,875			2,846
Federal research and development tax credits	(16,237		)	(8,232		)	(1,165		)
Change in uncertain tax positions	4,797			2,449			719
Amortization of purchased intangibles	35,641			38,973			8,126
Acquisitions	—			—			15,656
Other, net	(2,546		)	(5,883		)	4,262
Total income tax provision	$	95,257		$	113,236		$	100,025

Schedule of income before income tax domestic and foreign

For financial reporting purposes, income before income taxes includes the following components:



	2016		2015		2014
Pretax income:
Domestic	$	2,642	$	110,710	$	127,084
Foreign	954,279		699,404		602,261
Income before income taxes	$	956,921	$	810,114	$	729,345

Schedule of components of the provision for income taxes

The components of the provision for income taxes are as follows:



	2016		2015			2014
Current:
Federal tax	$	27,790	$	65,942		$	128,591
State	1,409		695			316
Foreign	57,934		98,813			48,829
Total current	$	87,133	$	165,450		$	177,736
Deferred:
Federal	$	325	$	(27,933	)	$	(74,263	)
State	2,820		541			(1,113		)
Foreign	4,979		(24,822		)	(2,335		)
Total deferred	$	8,124	$	(52,214	)	$	(77,711	)

Schedule of deferred tax assets and liabilities

The significant components of the Company’s deferred tax assets and liabilities for the fiscal years ended October 29, 2016 and October 31, 2015 are as follows:



	2016			2015
Deferred tax assets:
Inventory reserves	$	22,527		$	24,009
Deferred income on shipments to distributors	49,455			40,842
Reserves for compensation and benefits	48,062			45,515
Tax credit carryovers	68,669			64,838
Stock-based compensation	56,345			68,530
Depreciation	3,078			1,840
Acquisition-related costs	19,312			6,327
Other	47,482			36,711
Total gross deferred tax assets	314,930			288,612
Valuation allowance	(67,094		)	(52,675		)
Total deferred tax assets	247,836			235,937
Deferred tax liabilities:
Depreciation	(59,218		)	(50,389		)
Undistributed earnings of foreign subsidiaries	(60,986		)	(29,471		)
Acquisition-related intangibles	(199,035		)	(217,961		)
Other	(2,523		)	(2,971		)
Total gross deferred tax liabilities	(321,762		)	(300,792		)
Net deferred tax liabilities	$	(73,926	)	$	(64,855	)

Schedule of changes in unrealized tax benefits

The following table summarizes the changes in the total amounts of unrealized tax benefits for fiscal 2014 through fiscal 2016:



	Unrealized Tax Benefits
Balance, November 2, 2013	$	68,139
Additions for tax positions related to current year	214
Reductions for tax positions related to prior years	(1,321		)
Reductions due to lapse of applicable statute of limitations	(1,568		)
Balance, November 1, 2014	$	65,464
Additions for tax positions related to current year	524
Additions for tax positions related to prior years	9,799
Reductions for tax positions related to prior years	(2,745		)
Reductions due to lapse of applicable statute of limitations	(1,260		)
Balance, October 31, 2015	$	71,782
Additions for tax positions related to current year	2,539
Reductions for tax positions related to prior years	(4,475		)
Reductions due to lapse of applicable statute of limitations	(1,311		)
Balance, October 29, 2016	$	68,535