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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Jul. 29, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The following table provides the changes in accumulated other comprehensive income (loss) (OCI) by component and the related tax effects during the first nine months of fiscal 2017.
 
Foreign currency translation adjustment
 
Unrealized holding gains on available for sale securities
 
Unrealized holding (losses) on available for sale securities
 
Unrealized holding gains (losses) on derivatives
 
Pension plans
 
Total
October 29, 2016
$
(24,063
)
 
$
800

 
$
(281
)
 
$
(18,884
)
 
$
(31,386
)
 
$
(73,814
)
Other comprehensive income (loss) before reclassifications
4,297

 
(697
)
 
283

 
7,582

 
(1,630
)
 
9,835

Amounts reclassified out of other comprehensive income (loss)
—

 
—

 
—

 
7,057

 
1,406

 
8,463

Tax effects
—

 
(3
)
 
(9
)
 
(2,901
)
 
(313
)
 
(3,226
)
Other comprehensive income (loss)
4,297

 
(700
)
 
274

 
11,738

 
(537
)
 
15,072

July 29, 2017
$
(19,766
)
 
$
100

 
$
(7
)
 
$
(7,146
)
 
$
(31,923
)
 
$
(58,742
)

The amounts reclassified out of accumulated other comprehensive income (loss) with presentation location during each period were as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
Comprehensive Income Component
 
July 29, 2017
 
July 30, 2016
 
July 29, 2017
 
July 30, 2016
 
Location
Unrealized holding losses (gains) on derivatives
 
 
 
 
 
 
 
 
 
 
    Currency forwards
 
$
(106
)
 
$
46

 
$
2,842

 
$
1,672

 
Cost of sales
 
 
(354
)
 
93

 
1,154

 
783

 
Research and development
 
 
(195
)
 
(577
)
 
1,600

 
(231
)
 
Selling, marketing, general and administrative
     Interest rate derivatives
 
468

 
562

 
1,461

 
1,407

 
Interest expense
 
 
(187
)
 
124

 
7,057

 
3,631

 
Total before tax
 
 
(80
)
 
(141
)
 
(1,469
)
 
(807
)
 
Tax
 
 
$
(267
)
 
$
(17
)
 
$
5,588

 
$
2,824

 
Net of tax
 
 

 
 
 
 
 
 
 
 
Amortization of pension components
 
 
 
 
 

 
 
 
 
     Transition obligation
 
$
3

 
$
4

 
$
9

 
$
12

 
(a)
     Prior service credit
 
(2
)
 
—

 
(6
)
 
—

 
(a)
     Actuarial losses
 
482

 
168

 
1,403

 
511

 
(a)
 
 
483

 
172

 
1,406


523

 
Total before tax
 
 
(109
)
 
(50
)
 
(313
)
 
(152
)
 
Tax
 
 
$
374

 
$
122

 
$
1,093

 
$
371

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Total amounts reclassified out of accumulated other comprehensive income (loss), net of tax
 
$
107

 
$
105

 
$
6,681

 
$
3,195

 
 
______________
a) The amortization of pension components is included in the computation of net periodic pension cost. For further information see Note 13, Retirement Plans, contained in Item 8 of the Annual Report on Form 10-K for the fiscal year ended October 29, 2016.
The Company estimates $5.2 million of forward foreign currency derivative instruments included in OCI will be reclassified into earnings within the next twelve months. There was no ineffectiveness related to designated forward foreign currency derivative instruments in the three- and nine-month periods ended July 29, 2017 and July 30, 2016.
Gross unrealized gains and losses on available-for-sale securities at July 29, 2017 and October 29, 2016 were as follows:
 
July 29, 2017
 
October 29, 2016
Unrealized gains on available-for-sale securities
$
149

 
$
846

Unrealized losses on available-for-sale securities
(11
)
 
(294
)
Net unrealized gains on available-for-sale securities
$
138

 
$
552


As of July 29, 2017, the Company held 19 investment securities, 7 of which were in an unrealized loss position with gross unrealized losses of $0.01 million and an aggregate fair value of $194.7 million. As of October 29, 2016, the Company held 100 investment securities, 25 of which were in an unrealized loss position with gross unrealized losses of $0.3 million and an aggregate fair value of $729.6 million. These unrealized losses were primarily related to corporate obligations that earn lower interest rates than current market rates. None of these investments have been in a loss position for more than twelve months. As the Company does not intend to sell these investments and it is unlikely that the Company will be required to sell the investments before recovery of their amortized basis, which will be at maturity, the Company does not consider those investments to be other-than-temporarily impaired at July 29, 2017 and October 29, 2016.
Realized gains or losses on investments are determined based on the specific identification basis and are recognized in nonoperating expense (income). There were no material net realized gains or losses from the sales of available-for-sale investments during any of the fiscal periods presented.