Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity

v3.10.0.1
Stockholders' Equity
12 Months Ended
Oct. 28, 2018
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity
(a)Common Stock

Each outstanding share of common stock is entitled to one vote per share on all matters submitted to a vote by shareholders. Subject to the rights of any preferred stock which may from time to time be outstanding, the holders of outstanding shares of common stock are entitled to receive dividends and, upon liquidation or dissolution, are entitled to receive pro rata all assets legally available for distribution to stockholders. No dividends were declared or paid on the common stock during fiscal 2018 or 2017. The holders of common stock have no preemptive or other subscription rights and there is no redemption or sinking fund provisions with respect to such shares. There is no preferred stock outstanding.
(b)Treasury Stock

The Company issues shares out of treasury stock to satisfy stock-based compensation awards. Activity for the fiscal years ended October 28, 2018 and October 29, 2017 is summarized as follows (in thousands):

 
October 28, 2018
 
October 29, 2017
Balance, beginning of the year
$
(37,607
)
 
$
(40,361
)
 
 
 
 
Shares issued for stock-based compensation awards
4,007

 
2,754

 
 
 
 
Ending Balance
$
(33,600
)
 
$
(37,607
)


(c)    Comprehensive Income (Loss)

The accumulated balances for each classification of other comprehensive income (loss) are as follows (in thousands):
 
Foreign
currency
gains/(losses)
Balance at October 30, 2016
$
(10,612
)
 
 
Other comprehensive income (loss) before reclassifications
3,614

Amounts reclassified from accumulated other comprehensive income (loss)
1,737

Current period other comprehensive income (loss)
5,351

 
 
Balance at October 29, 2017
(5,261
)
 
 
Other comprehensive income (loss) before reclassifications
(1,809
)
Current period other comprehensive income
(1,809
)
 
 
Balance at October 28, 2018
$
(7,070
)


Reclassifications from Accumulated other comprehensive loss for the twelve months ended October 28, 2018 and October 29, 2017 were (in thousands):
 
Year Ended
 
Affected Line Item in the Statement Where Net Loss is Presented
 
October 28, 2018
 
October 29, 2017
 
Foreign currency translation
 
 
 
 
 
Sale of foreign subsidiary
$

 
$
(1,737
)
 
Foreign exchange gain (loss), net
Total reclassifications, net of tax
$

 
$
(1,737
)