Basis of Presentation (Tables)

9 Months Ended

Aug. 03, 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

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 August 4, 2018
	As Reported			Impact of Adoption			As Adjusted
Revenue	$	1,572,679		$	(14,490	)	$	1,558,189
Cost of sales	502,033			(4,402		)	497,631
Gross margin	1,070,646			(10,088		)	1,060,558
Operating expenses:
Research and development	291,642			—			291,642
Selling, marketing, general and administrative	171,487			—			171,487
Amortization of intangibles	107,409			—			107,409
Special charges	1,069			—			1,069
	571,607			—			571,607
Operating income	499,039			(10,088		)	488,951
Nonoperating expense (income):
Interest expense	61,665			—			61,665
Interest income	(2,588		)	—			(2,588		)
Other, net	(632		)	—			(632		)
	58,445			—			58,445
Income before income taxes	440,594			(10,088		)	430,506
Provision for income taxes	26,130			(4,181		)	21,949
Net income	$	414,464		$	(5,907	)	$	408,557
Shares used to compute earnings per common share – basic	371,315			—			371,315
Shares used to compute earnings per common share – diluted	375,815			—			375,815
Basic earnings per common share (1)	$	1.11		$	(0.02	)	$	1.10
Diluted earnings per common share (1)	$	1.10		$	(0.02	)	$	1.08
(1) The sum of the per share amounts may not equal the total due to rounding.

Condensed Consolidated Statement of Income	Nine Months Ended August 4, 2018
	As Reported			Impact of Adoption		As Adjusted
Revenue	$	4,604,356		$	84,205	$	4,688,561
Cost of sales	1,464,708			19,222		1,483,930
Gross margin	3,139,648			64,983		3,204,631
Operating expenses:
Research and development	869,711			—		869,711
Selling, marketing, general and administrative	520,541			—		520,541
Amortization of intangibles	321,557			—		321,557
Special charges	59,476			—		59,476
	1,771,285			—		1,771,285
Operating income	1,368,363			64,983		1,433,346
Nonoperating expense (income):
Interest expense	194,487			—		194,487
Interest income	(6,592		)	—		(6,592		)
Other, net	(527		)	—		(527		)
	187,368			—		187,368
Income before income taxes	1,180,995			64,983		1,245,978
Provision for income taxes	118,528			25,325		143,853
Net income	$	1,062,467		$	39,658	$	1,102,125
Shares used to compute earnings per common share – basic	370,211			—		370,211
Shares used to compute earnings per common share – diluted	374,880			—		374,880
Basic earnings per common share	$	2.86		$	0.11	$	2.97
Diluted earnings per common share	$	2.82		$	0.11	$	2.93

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