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

12 Months Ended

Oct. 30, 2016

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):



	October 30, 2016				November 1, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Credit agreement, due June 2019	$	154,147	$	154,147	$	194,147	$	193,662
8.25% senior notes, due January 2023	$	250,000	$	272,500	$	250,000	$	263,750

Schedule of fair value of assets and liabilities, by type

The following tables summarize information regarding our financial assets and liabilities that are measured at fair value on a recurring basis as of October 30, 2016 and November 1, 2015, segregated by level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):



	Recurring fair value measurements
	October 30, 2016
	Level 1		Level 2		Level 3		Total
Assets:
Short-term investments in deferred compensation plan⁽¹⁾:
Money market	$	422	$	—	$	—	$	422
Mutual funds – Growth	773		—		—		773
Mutual funds – Blend	3,118		—		—		3,118
Mutual funds – Foreign blend	730		—		—		730
Mutual funds – Fixed income	—		705		—		705
Total short-term investments in deferred compensation plan	5,043		705		—		5,748
Total assets	$	5,043	$	705	$	—	$	5,748

Liabilities:
Deferred compensation plan liability	$	—	$	3,847	$	—	$	3,847
Total liabilities	$	—	$	3,847	$	—	$	3,847



	Recurring fair value measurements
	November 1, 2015
	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

Liabilities:
Deferred compensation plan liability	$	—	$	5,164	$	—	$	5,164
Total liabilities	$	—	$	5,164	$	—	$	5,164


(1)	Unrealized holding gains/losses were insignificant for the fiscal years ended October 30, 2016 and November 1, 2015. These unrealized holding gains/losses were primarily offset by changes in the deferred compensation plan liability.