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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Nov. 03, 2012
Oct. 29, 2011
Oct. 30, 2010
Cash flows from operating activities      
Net earnings (loss) $ 2,596 [1] $ (21,067) [2],[3] $ (50,375)
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Depreciation and amortization 31,641 [4] 32,824 [4] 36,632 [4]
Stock-based compensation expense 6,476 2,255 3,107
Goodwill impairment 0 40,455 56,424
Other intangible and fixed asset impairments 0 0 13,674
Restructuring and exit costs 2,068 865 2,849
Loss (gain) on disposition of assets, net 209 232 (1,116)
Provision (benefit) for bad debt expense 1,290 (1,925) 8,111
Deferred taxes 1,349 (5,139) (22,067)
Change in current assets and liabilities:      
Trade receivables 4,237 (19,424) (12,175)
Inventories (14,181) (11,374) (16,467)
Prepaid expenses and other current assets 1,396 12,926 2,868
Accounts payable 1,021 13,668 24,283
Accrued liabilities 5,976 (3,091) (5,837)
Other, net 195 1,093 (581)
Net cash provided by operating activities 44,273 42,298 39,330
Cash flows from investing activities      
Capital expenditures (19,967) (29,072) (21,432)
Proceeds from the disposition of assets 154 453 3,560
Net cash used by investing activities (19,813) (28,619) (17,872)
Cash flows from financing activities      
Bank credit facility borrowings (payments), net 2,725 (14,199) 45,900
Payments on notes and bank term loan (24,705) (378) (87,582)
Payments on bonds and leases (488) (723) (515)
Debt issuance costs (1,660) (1,558) (1,174)
Stock-based compensation exercised (107) (295) (194)
Net cash used by financing activities (24,235) (17,153) (43,565)
Effect of exchange rate changes on cash and cash equivalents (10) (549) 82
Increase (decrease) in cash and cash equivalents 215 (4,023) (22,025)
Cash and cash equivalents at beginning of year 877 4,900 26,925
Cash and cash equivalents at end of year 1,092 877 4,900
Cash paid during the year for:      
Interest 10,920 10,208 12,780
Income taxes (refunded) paid $ (345) $ (11,350) $ 5,711
[1] 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.
[2] 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.
[3] 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).
[4] Excludes discontinued operations.