Income Taxes (Tables)

12 Months Ended

Oct. 29, 2011

Income Taxes [Abstract]

Reconciliation of income tax computed at the U.S. federal statutory rates to income tax expense

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

	2011			2010			2009
U.S. federal statutory tax rate		35.0	%		35.0	%		35.0	%
Income tax provision reconciliation:
Tax at statutory rate:	$	371,506		$	315,583		$	104,105
Irish income subject to lower tax rate		(143,938	)		(129,741	)		(50,972	)
State income taxes, net of federal benefit		1,162			2,622			406
Valuation reserve		(6,700	)		—			—
Research and development tax credits		(14,681	)		(1,045	)		(5,153	)
Settlement of tax examination		(10,804	)		—			—
Net foreign tax in excess of U.S. federal statutory tax rate		338			1,315			1,123
Other, net		3,670			1,706			527
Total income tax provision	$	200,553		$	190,440		$	50,036

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

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

	2011		2010		2009
Pretax income:
Domestic	$	355,819	$	289,748	$	1,133
Foreign		705,628		611,917		296,311
Income from continuing operations before income taxes	$	1,061,447	$	901,665	$	297,444

Components of the provision for income taxes

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

	2011			2010			2009
Current:
Federal tax (benefit)	$	92,103		$	117,097		$	(5,191	)
Foreign		104,959			79,055			43,007
State		1,787			4,154			625
Total current	$	198,849		$	200,306		$	38,441
Deferred (prepaid):
Federal	$	9,399		$	(6,159	)	$	16,718
State		(5,762	)		(173	)		315
Foreign		(1,933	)		(3,534	)		(5,438	)
Total deferred (prepaid)	$	1,704		$	(9,866	)	$	11,595

Significant components of the Company's deferred tax assets and liabilities

The significant components of the Company’s deferred tax assets and liabilities for the fiscal years ended October 29, 2011 and October 30, 2010 are as follows:

	2011			2010
Deferred tax assets:
Inventory reserves	$	23,503		$	24,495
Deferred income on shipments to distributors		34,061			32,870
Reserves for compensation and benefits		21,164			26,199
Tax credit carryovers		41,468			50,384
Stock-based compensation		91,417			75,827
Depreciation		4,781			4,553
Other		(592	)		1,251
Total gross deferred tax assets		215,802			215,579
Valuation allowance		(34,768	)		(50,384	)
Total deferred tax assets		181,034			165,195
Deferred tax liabilities:
Depreciation		(36,624	)		(12,185	)
Undistributed earnings of foreign subsidiaries		(24,025	)		(24,229	)
Other		(1,829	)		(3,106	)
Total gross deferred tax liabilities		(62,478	)		(39,520	)
Net deferred tax assets	$	118,556		$	125,675

Changes in the total amounts of unrealized tax benefits

The following table summarizes the changes in the total amounts of unrealized tax benefits for fiscal 2009 through fiscal 2011.

Balance, November 1, 2008	$	13,750
Additions for tax positions of 2009		4,411
Balance, October 31, 2009		18,161
Additions for tax positions of 2010		286
Balance, October 30, 2010	$	18,447
Additions for tax positions related to prior years		9,265
Reductions for tax positions related to prior years		(17,677	)
Settlements with taxing authorities		(370	)
Balance, October 29, 2011	$	9,665