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Acquisitions (Tables)
3 Months Ended
Jan. 25, 2013
Business Combinations [Abstract]  
Fair value of assets acquired and the liabilities assumed
The following table summarizes the estimates of fair value of the assets acquired and the liabilities assumed as of the acquisition date:
 
(in thousands)
 
Assets Acquired:
 
Cash and cash equivalents
$
72,912

Accounts receivable
227,825

Inventories
91,176

Other current assets
15,622

Property, plant and equipment
125,600

Other intangible assets and goodwill
1,160,211

Other non-current assets
34,078

Total assets acquired
1,727,424

Liabilities Assumed:
 
Short-term notes payable
(14,666
)
Accounts payable
(87,305
)
Employee compensation and benefits
(6,458
)
Advance payments and progress billings
(6,122
)
Other accrued liabilities
(64,916
)
Other non-current liabilities
(124,519
)
Total liabilities assumed
(303,986
)
 
$
1,423,438

Pro forma adjustment
Pro forma adjustments have been made for changes in depreciation and amortization expenses related to the valuation of the acquired tangible and intangible assets at fair value, the elimination of non-recurring items and the addition of incremental costs related to debt used to finance the acquisition.
 
Quarter ended
(in thousands, except per share data)
January 27,
2012
Net sales
$
1,222,046

Income from continuing operations
$
135,122

Basic earnings per share from continuing operations
$
1.28

Diluted earnings per share from continuing operations
$
1.26