The following table presents the fair value hierarchy, carrying amounts, and fair values of our financial instruments that are measured on a recurring basis and other select significant financial instruments as of October 31, 2013 and 2012:


		October 31, 2013				October 31, 2012
(in thousands)	Fair Value Hierarchy	Carrying Amount		Fair Value		Carrying Amount		Fair Value

Financial assets measured at fair value on a recurring basis

Assets held in funded deferred compensation plan ⁽¹⁾	1	$	5,359	$	5,359	$	5,029	$	5,029

Investments in auction rate securities ⁽²⁾	3		12,994		12,994		17,780		17,780

Interest rate swaps ⁽³⁾	2		4		4		—		—


			18,357		18,357		22,809		22,809


Other select financial assets

Cash and cash equivalents ⁽⁴⁾	1		32,639		32,639		43,459		43,459

Insurance deposits ⁽⁵⁾	1		28,466		28,466		31,720		31,720


Total		$	79,462	$	79,462	$	97,988	$	97,988


Financial liabilities measured at fair value on a recurring basis

Interest rate swap ⁽³⁾	2	$	154	$	154	$	214	$	214

Contingent consideration liability ⁽⁶⁾	3		1,642		1,642		—		—

			1,796		1,796		214		214


Other select financial liability

Line of credit ⁽⁷⁾	2		314,870		314,870		215,000		215,000


Total		$	316,666	$	316,666	$	215,214	$	215,214

(1) Represents investments held in a Rabbi Trust associated with our OneSource Deferred Compensation Plan, which we include in “Other assets” on the accompanying consolidated balance sheets. The fair value of the assets held in the funded deferred compensation plan is based on quoted market prices. See Note 11, “Employee Benefit Plans,” for more information.

(2) For investments in auction rate securities, the fair values were based on discounted cash flow valuation models, primarily utilizing unobservable inputs. See Note 6, “Auction Rate Securities,” for the roll-forwards of assets measured at fair value using significant unobservable Level 3 inputs and the sensitivity analysis of significant inputs.

(3) Includes derivatives designated as hedging instruments. The fair values of the interest rate swaps are estimated based on the present value of the difference between expected cash flows calculated at the contracted interest rates and the expected cash flows at current market interest rates using observable benchmarks for LIBOR forward rates at the end of the period. The fair value of the interest rate swap asset and liabilities were included in “Other investments and long-term receivables” and “Retirement plans and other,” respectively, on the accompanying consolidated balance sheets. See Note 10, “Line of Credit,” for more information.

(4) Cash and cash equivalents are stated at nominal value, which equals fair value.

(5) Represents restricted insurance deposits that are used to collateralize our self-insurance obligations and are stated at nominal value, which equals fair value. These insurance deposits relate to the OneSource Services Inc. (“OneSource”) acquisition.

(6) Our contingent consideration liability was incurred in connection with the acquisition of BEST. The contingent consideration liability is measured at fair value and is included in “Retirement plans and other” on the accompanying consolidated balance sheet. The fair value is based on a pre-defined forecasted adjusted income from operations for BEST using a probability weighted income approach and discounted using a proxy of our fixed borrowing rate. See Note 4, “Acquisitions,” for further information.

(7) Represents outstanding borrowings under our $650.0 million five-year syndicated line of credit. Due to variable interest rates, the carrying value of outstanding borrowings under our line of credit approximates the fair value. See Note 10, “Line of Credit,” for more information.