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

6 Months Ended

Apr. 30, 2017

Schedule of Fair Value Not Current Recognized on Balance sheet

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



	April 30, 2017				October 30, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Credit Agreement, due June 2019	$	144,147	$	144,507	$	154,147	$	154,147
8.25% senior notes, due January 2023	250,000		270,625		250,000		272,500

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize information regarding our financial assets and liabilities that are measured at fair value on a recurring basis as of April 30, 2017 and October 30, 2016, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):



	April 30, 2017
	Level 1		Level 2		Level 3		Total
Assets:
Short-term investments in deferred compensation plan:⁽¹⁾
Money market	$	1,489	$	—	$	—	$	1,489
Mutual funds – Growth	873		—		—		873
Mutual funds – Blend	1,782		—		—		1,782
Mutual funds – Foreign blend	803		—		—		803
Mutual funds – Fixed income	—		1,522		—		1,522
Total short-term investments in deferred compensation plan	4,947		1,522		—		6,469
Total assets	$	4,947	$	1,522	$	—	$	6,469

Liabilities:
Deferred compensation plan liability	$	—	$	4,490	$	—	$	4,490
Total liabilities	$	—	$	4,490	$	—	$	4,490



	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

(1)

Unrealized holding gain (loss) for the three months ended April 30, 2017 and May 1, 2016 was $0.2 million and $0.3 million, respectively. Unrealized holding gain (loss) for the six months ended April 30, 2017 and May 1, 2016 was $(0.3) million and $(0.1) million, respectively. The net unrealized holding gain was insignificant for the fiscal year ended October 30, 2016. These unrealized holding gains (losses) were substantially offset by changes in the deferred compensation plan liability.

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 April 30, 2017, 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⁽²⁾	$	—	$	—	$	499	$	499
Total assets	$	—	$	—	$	499	$	499

(2)

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 that approximates fair value.