Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments

v3.20.4
Fair Value of Financial Instruments
12 Months Ended
Nov. 01, 2020
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):
November 1,
2020
November 3,
2019
Fair Value
Hierarchy
Short-term investments $ 2,853  $ 3,022  Level 1
Total financial assets $ 2,853  $ 3,022 
Deferred compensation plan liabilities $ 2,853  $ 3,022  Level 1
Total financial liabilities $ 2,853  $ 3,022 
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 November 1, 2020 and November 3, 2019.