INCOME TAXES (Tables)

12 Months Ended

Nov. 01, 2015

INCOME TAXES [Abstract]

Income (loss) before income tax provision for domestic and foreign

Income before the income tax provisions consist of the following:

	Year Ended
	November 1, 2015		November 2, 2014			November 3, 2013
United States	$	6,646	$	(23,083	)	$	(14,164	)
Foreign		63,394		64,413			40,969
	$	70,040	$	41,330		$	26,805

Income tax provision

The income tax provisions consist of the following:

	Year Ended
	November 1, 2015			November 2, 2014			November 3, 2013
Current:
Federal	$	160		$	354		$	208
State		(109	)		-			65
Foreign		9,729			4,726			7,222
Deferred:
Federal		-			-			-
State		7			(5	)		(181	)
Foreign		3,394			4,220			(85	)
Total	$	13,181		$	9,295		$	7,229

Income tax rate reconciliation

The income tax provisions differ from the amount computed by applying the statutory U.S. federal income tax rate to income before income taxes as a result of the following:

	Year Ended
	November 1, 2015			November 2, 2014			November 3, 2013
U.S. federal income tax at statutory rate	$	24,514		$	14,465		$	9,382
Changes in valuation allowances		(11,471	)		(7,575	)		1,325
Distributions from foreign subsidiaries		448			12,674			1,957
State income taxes, net of federal benefit		263			(141	)		267
Foreign tax rate differentials		(4,356	)		(4,864	)		(4,851	)
Tax credits		(2,729	)		(2,847	)		(3,967	)
Uncertain tax positions, including reserves, settlements and resolutions		(175	)		(2,255	)		1,471
Gain on acquisition of DPTT		-			(5,748	)		-
Intercompany gain elimination		-			4,759			-
Tax on foreign subsidiary earnings		6,589			-			-
Equity based compensation		634			714			765
Other, net		(536	)		113			880
	$	13,181		$	9,295		$	7,229

Net deferred income tax assets

The net deferred income tax assets consist of the following:

	As of
	November 1, 2015			November 2, 2014
Deferred income tax assets:
Net operating losses	$	56,582		$	64,529
Reserves not currently deductible		8,158			6,948
Alternative minimum tax credits		3,281			3,121
Tax credit carryforwards		8,809			8,368
Other		1,782			1,773
		78,612			84,739
Valuation allowances		(38,763	)		(49,548	)
		39,849			35,191
Deferred income tax liabilities:
Undistributed earnings of foreign subsidiaries		(5,953	)		(5,366	)
Property, plant and equipment		(17,874	)		(11,503	)
Investments		(4,596	)		(2,660	)
Other		(552	)		(448	)
		(28,975	)		(19,977	)
Net deferred income tax assets	$	10,874		$	15,214
Reported as:
Current deferred tax assets	$	3,354		$	7,223
Noncurrent deferred tax assets		11,908			11,036
Noncurrent deferred tax liabilities		(4,388	)		(3,045	)
	$	10,874		$	15,214

Reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties, is as follows:

	Year Ended
	November 1, 2015			November 2, 2014			November 3, 2013
Balance at beginning of year	$	4,993		$	4,757		$	3,793
Additions (reductions) for tax positions in prior years		(212	)		3,437			1,224
Additions based on current year tax positions		318			272			207
Settlements		(720	)		(3,155	)		(406	)
Lapses of statutes of limitations		(350	)		(318	)		(61	)
Balance at end of year	$	4,029		$	4,993		$	4,757

Operating loss carryforwards

The following tables present the Company’s available operating loss and credit carryforwards at November 1, 2015, and the related expiration periods:

Operating Loss Carryforwards

	Amount		Expiration Period
Federal	$	120,263		2023-2035
State	$	214,591		2016-2035
Foreign	$	35,464		2016-2023

Tax credit carryforwards

Tax Credit Carryforwards

	Amount		Expiration Period
Federal research and development	$	4,337		2019-2035
Federal alternative minimum tax	$	3,281	Indefinite
State tax	$	6,879		2016-2029