Derivatives (Tables)

3 Months Ended

Feb. 04, 2012

Derivatives [Abstract]

Net gain or loss on the hedged item

The gain or loss on the hedged item (that is, the fixed-rate borrowings) attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps for three-month periods ended February 4, 2012 and January 29, 2011 were as follows:

Statement of Income	February 4, 2012							January 29, 2011
Classification	Loss on Swaps			Gain on Note		Net Income Effect		Loss on Swaps			Gain on Note		Net Income Effect
Other income	$	(769	)	$	769	$	—	$	(8,168	)	$	8,168	$	—

Fair value of hedging instruments

The fair values of these hedging instruments in the Company’s condensed consolidated balance sheets as of February 4, 2012 and October 29, 2011 were as follows:

	Balance Sheet Location	Fair Value at February  4, 2012		Fair Value at October  29, 2011
Interest rate swap agreements	Other assets	$	21,418	$	22,187
Forward foreign currency exchange contracts	Prepaid expenses and other current assets	$	—	$	2,038
	Accrued Liabilities	$	4,654	$	—

Effect of derivative instruments designated as cash flow hedges

The effect of derivative instruments designated as cash flow hedges on the condensed consolidated statements of income for the three-month periods ended February 4, 2012 and January 29, 2011 are as follows:

	Three Months Ended
	February 4, 2012			January 29, 2011
Loss recognized in OCI on derivatives (net of tax of $1,123 in 2012 and $346 in 2011)	$	(7,771	)	$	(2,611	)
Loss (Gain) reclassified from OCI into income (net of tax of $294 in 2012 and $55 in 2011)	$	2,030		$	(412	)

Amounts reclassified into earnings before tax recognized in cost of sales and operating expenses

The amounts reclassified into earnings before tax are recognized in cost of sales and operating expenses for the three-month periods ended February 4, 2012 and January 29, 2011 are as follows:

	Three Months Ended
	February 4, 2012		January 29, 2011
Cost of sales	$	901	$	(434	)
Research and development	$	623	$	(29	)
Selling, marketing, general and administrative	$	800	$	(4	)