Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity

Stockholders' Equity
12 Months Ended
Nov. 01, 2020
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 2020 or 2019. 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 share-based compensation awards. Activity for the fiscal years ended November 1, 2020 and November 3, 2019 is summarized as follows (in thousands):
November 1, 2020 November 3, 2019
Balance, beginning of the year $ (26,155) $ (33,600)
Shares issued for share-based compensation awards 7,969  7,445 
Ending Balance $ (18,186) $ (26,155)

(c)    Comprehensive Income (Loss)

The accumulated balances for each classification of other comprehensive income (loss) are as follows (in thousands):
Foreign currency gains/(losses) November 1, 2020 November 3, 2019
Balance, beginning of the year $ (6,801) $ (7,070)
Other comprehensive income (loss) before reclassifications
343  269 
Current period other comprehensive income (loss)
343  269 
Ending Balance $ (6,458) $ (6,801)

There were no reclassifications from accumulated other comprehensive loss in fiscal 2020 and 2019.