Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments

v3.10.0.1
Fair Value of Financial Instruments
12 Months Ended
Oct. 28, 2018
Investments, All Other Investments [Abstract]  
Fair Value of Financial Instruments
Fair Value of Financial Instruments

The following table presents assets and liabilities measured at fair value (in thousands):
 
October 28,
2018
 
October 29,
2017
 
Fair Value
Hierarchy
Short-term investments
$
3,063

 
$
3,524

 
Level 1
Total financial assets
$
3,063

 
$
3,524

 
 
Deferred compensation plan liabilities
$
3,063

 
$
3,524

 
Level 1
Total financial liabilities
$
3,063

 
$
3,524

 
 

The fair value of the deferred compensation plan liabilities is based on the fair value of the investments corresponding to the employees’ investment selections, primarily in mutual funds, based on quoted prices in active markets for identical assets. The deferred compensation plan liability is recorded in Accrued compensation in the Consolidated Balance Sheets.
There have been no changes in the methodology used to fair value the financial instruments as well as no transfers between levels during the fiscal years ended October 28, 2018 and October 29, 2017.