FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Nov. 01, 2015

Fair value of financial instruments not currently recognized at fair value

The fair values of the remaining financial instruments not currently recognized at fair value on our consolidated balance sheets at the respective fiscal year ends were (in thousands):



	November 1, 2015				November 2, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)				(In thousands)
Credit agreement, due June 2019	$	194,147	$	193,662	$	235,387	$	230,091
8.25% senior notes, due January 2023	$	250,000	$	263,750	$	—	$	—

Schedule of fair value of assets and liabilities, by type

The following table summarizes information regarding our financial assets and liabilities that are measured at fair value on a recurring basis as of November 1, 2015, segregated by level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Short-term investments in deferred compensation plan⁽¹⁾:
Money market	$	744	$	—	$	—	$	744
Mutual funds – Growth	764		—		—		764
Mutual funds – Blend	2,984		—		—		2,984
Mutual funds – Foreign blend	724		—		—		724
Mutual funds – Fixed income	—		673		—		673
Total short-term investments in deferred compensation plan	5,216		673		—		5,889
Total assets	$	5,216	$	673	$	—	$	5,889



	Level 1		Level 2		Level 3		Total
Liabilities:
Deferred compensation plan liability	$	—	$	5,164	$	—	$	5,164
Total liabilities	$	—	$	5,164	$	—	$	5,164


(1)	Unrealized holding gains for the fiscal year ended November 1, 2015 were insignificant. Unrealized holding gains for the fiscal years ended November 2, 2014 and November 3, 2013 were $0.2 million and $0.7 million, respectively. These unrealized holding gains are primarily offset by changes in the deferred compensation plan liability.

The following table summarizes information regarding our financial assets and liabilities that are measured at fair value on a recurring basis as of November 2, 2014, segregated by level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Short-term investments in deferred compensation plan⁽¹⁾:
Money market	$	731	$	—	$	—	$	731
Mutual funds – Growth	791		—		—		791
Mutual funds – Blend	2,743		—		—		2,743
Mutual funds – Foreign blend	723		—		—		723
Mutual funds – Fixed income	—		561		—		561
Total short-term investments in deferred compensation plan	4,988		561		—		5,549
Total assets	$	4,988	$	561	$	—	$	5,549
Liabilities:
Deferred compensation plan liability	$	—	$	6,093	$	—	$	6,093
Total liabilities	$	—	$	6,093	$	—	$	6,093

Schedule of fair value measurements, nonrecurring

The following table summarizes information regarding our financial assets that are measured at fair value on a nonrecurring basis as of November 1, 2015, segregated by level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Assets held for sale⁽¹⁾	$	—	$	—	$	2,280	$	2,280
Total assets	$	—	$	—	$	2,280	$	2,280

(1)

Certain assets held for sale are valued at fair value and are measured at fair value on a nonrecurring basis. Assets held for sale are reported at fair value, if, on an individual basis, the fair value of the asset is less than cost. The fair value of assets held for sale is estimated using Level 3 inputs, such as broker quotes for like-kind assets or other market indications of a potential selling value which approximates fair value.

The following table summarizes information regarding our financial assets that are measured at fair value on a nonrecurring basis as of November 2, 2014, segregated by level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Assets held for sale⁽¹⁾	$	—	$	—	$	2,280	$	2,280
Total assets	$	—	$	—	$	2,280	$	2,280

(1)