CD&R FUNDS (Tables)

12 Months Ended

Nov. 01, 2015

Temporary Equity Disclosure [Abstract]

Reconciliation of Initial Proceeds to Convertible Preferred Shares

The following is a reconciliation of the initial proceeds to the opening balance of our Convertible Preferred Shares (in thousands):

	Convertible Preferred Stock
Initial proceeds	$	250,000
Direct transaction costs	(27,730		)
Bifurcated embedded derivative liability, net of tax	(641		)
Balance at October 20, 2009	221,629			(1)

(1) The $28.4 million difference between the book value and the initial liquidation preference was accreted using the effective interest rate method from the execution of the contract to the milestone redemption right date or 10 years.

Schedule of Convertible Preferred Shares and Changes in Carrying Amount

The Company’s Convertible Preferred Shares balance and changes in the carrying amount of the Convertible Preferred Stock are as follows (in thousands):

	Dividends and Accretion		Convertible Preferred Stock
Balance as of October 28, 2012	$	—	$	619,950
Conversion to common stock	—		(619,950		)
Balance as of November 1, 2015, November 2, 2014 and November 3, 2013	$	—	$	—

(1) Dividends were accrued at the 12% rate on a daily basis until the dividend declaration date.

(2) The reversal of the additional 4% accrued dividends relates to the period from September 16, 2011 to December 15, 2011.