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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Nov. 03, 2012
Oct. 29, 2011
Oct. 30, 2010
Net sales $ 1,149,355 [1],[2] $ 1,102,290 [1],[2] $ 1,022,896 [1],[2]
Costs and expenses      
Cost of sales 1,037,991 1,004,928 914,293
Selling, general and administrative expenses 85,228 74,540 86,706
Foreign exchange (gains)/losses (588) (220) 2,146
Amortization of intangibles 1,689 1,689 3,774
Goodwill impairments 0 40,455 56,149
Other intangible and fixed asset impairments 0 0 13,674
Merger and transaction costs 6,901 0 0
Restructuring and exit costs 2,521 2,184 7,290
Total costs and expenses 1,133,742 1,123,576 1,084,032
Operating earnings (loss) 15,613 [1] (21,286) [1] (61,136) [1]
Interest, net of interest income 11,875 10,947 12,025
Debt extinguishment costs 0 0 729
Earnings (loss) from continuing operations before income taxes 3,738 (32,233) (73,890)
Income tax expense (benefit) 1,051 (8,850) (24,247)
Net earnings (loss) from continuing operations 2,687 [3] (23,383) [4] (49,643)
Net earnings (loss) from discontinued operations, net of tax (91) 2,316 (732)
Net earnings (loss) $ 2,596 [3] $ (21,067) [4],[5] $ (50,375)
Basic earnings (loss) per share:      
Earnings (Loss) from continuing operations (in dollars per share) $ 0.09 $ (0.76) $ (1.63)
(Loss) earnings from discontinued operations, net of tax (in dollars per share) $ (0.01) $ 0.08 $ (0.03)
Net earnings (loss) per share (in dollars per share) $ 0.08 $ (0.69) $ (1.65)
Diluted earnings (loss) per share:      
Earnings (loss) from continuing operations (in dollars per share) $ 0.09 $ (0.76) $ (1.63)
(Loss) earnings from discontinued operations, net of tax (in dollars per share) $ (0.01) $ 0.08 $ (0.03)
Net earnings (loss) per share (in dollars per share) $ 0.08 $ (0.69) $ (1.65)
Dividends declared per share (in dollars per share) $ 0 $ 0 $ 0
[1] Excludes discontinued operations.
[2] In addition to external sales to customers, inter-segment sales were $63,416, $54,396, and $50,344, in 2012, 2011 and 2010, respectively.
[3] Operating earnings and net earnings from continuing operations in 2012 were impacted by charges totaling $8,834 ($5,917 net of tax), comprising merger and transaction costs of $6,901 ($4,486 net of tax), restructuring and exit costs of $2,521 ($1,866 net of tax), and foreign currency gains of $588 ($435 net of tax). Fourth quarter 2012 operating earnings and net earnings include foreign currency gains which pertain to prior annual periods of $1,465 ($1,026 net of tax). Prior annual periods were not corrected as such amounts were immaterial and thus recorded in the fourth quarter of 2012.
[4] Operating earnings and net earnings from continuing operations in the fourth quarter of 2011 were impacted by charges totaling $41,067 ($28,813 net of tax), comprising goodwill impairments of $40,455 ($28,435 net of tax), restructuring and exit costs of $634 ($393 net of tax), and foreign currency gains of $22 ($15 net of tax).
[5] The earnings from discontinued operations in 2011 include the settlement agreement for breach of contract by Chemtura that led to $4,844 in cash proceeds and after tax earnings of $3,003.