Basis of Presentation (Tables)

6 Months Ended

May 04, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The adoption of ASU 2016-16 resulted in the following cumulative-effect increase in the Company's deferred tax assets, deferred tax liabilities and retained earnings as follows:

	November 4, 2018
	Beginning Balance November 3, 2018 as Adjusted		Impact of Adoption of ASU 2016-16		Balance November 4, 2018
Deferred tax assets	$	9,665	$	1,655,129	$	1,664,794
Deferred income taxes	$	990,409	$	1,324,103	$	2,314,512
Retained earnings	$	5,982,697	$	331,026	$	6,313,723

See Note 13, New Accounting Pronouncements, and Note 12, Income Taxes, in these Notes to Condensed Consolidated Financial Statements for more information on the adoption of ASU 2016-16.

Accordingly, the amounts for all periods presented in this Form 10-Q reflect the impact of ASU 2014-09.

Condensed Consolidated Statement of Income	Three Months Ended May 5, 2018
	As Reported			Impact of Adoption		As Adjusted
Revenue	$	1,513,053		$	50,449	$	1,563,502
Cost of sales	479,241			11,871		491,112
Gross margin	1,033,812			38,578		1,072,390
Operating expenses:
Research and development	289,472			—		289,472
Selling, marketing, general and administrative	172,146			—		172,146
Amortization of intangibles	107,129			—		107,129
Special charges	1,089			—		1,089
	569,836			—		569,836
Operating income	463,976			38,578		502,554
Nonoperating expense (income):
Interest expense	64,792			—		64,792
Interest income	(1,912		)	—		(1,912		)
Other, net	(451		)	—		(451		)
	62,429			—		62,429
Income before income taxes	401,547			38,578		440,125
Provision for income taxes	21,716			18,081		39,797
Net income	$	379,831		$	20,497	$	400,328
Shares used to compute earnings per common share – basic	370,384			—		370,384
Shares used to compute earnings per common share – diluted	374,778			—		374,778
Basic earnings per common share	$	1.02		$	0.06	$	1.08
Diluted earnings per common share	$	1.01		$	0.05	$	1.06

Condensed Consolidated Statement of Income	Six Months Ended May 5, 2018
	As Reported			Impact of Adoption		As Adjusted
Revenue	$	3,031,677		$	98,695	$	3,130,372
Cost of sales	962,675			23,624		986,299
Gross margin	2,069,002			75,071		2,144,073
Operating expenses:
Research and development	578,069			—		578,069
Selling, marketing, general and administrative	349,054			—		349,054
Amortization of intangibles	214,148			—		214,148
Special charges	58,407			—		58,407
	1,199,678			—		1,199,678
Operating income	869,324			75,071		944,395
Nonoperating expense (income):
Interest expense	132,822			—		132,822
Interest income	(4,004		)	—		(4,004		)
Other, net	105			—		105
	128,923			—		128,923
Income before income taxes	740,401			75,071		815,472
Provision for income taxes	92,398			29,506		121,904
Net income	$	648,003		$	45,565	$	693,568
Shares used to compute earnings per common share – basic	369,685			—		369,685
Shares used to compute earnings per common share – diluted	374,430			—		374,430
Basic earnings per common share	$	1.75		$	0.12	$	1.87
Diluted earnings per common share	$	1.72		$	0.12	$	1.84

The impact on the Company's previously reported condensed consolidated balance sheet line items is as follows:

	November 3, 2018
	As Reported		Impact of Adoption			As Adjusted
Deferred tax assets	$	21,078	$	(11,413	)	$	9,665
Deferred income on shipments to distributors, net	$	487,417	$	(487,417	)	$	—
Accrued liabilities	$	497,080	$	133,027		$	630,107
Deferred income taxes	$	927,065	$	63,344		$	990,409
Retained earnings	$	5,703,064	$	279,633		$	5,982,697