Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity

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Stockholders' Equity
12 Months Ended
Oct. 31, 2021
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 2021 or 2020. 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 October 31, 2021 and November 1, 2020 is summarized as follows (in thousands):
October 31, 2021 November 1, 2020
Balance, beginning of the year $ (18,186) $ (26,155)
Shares issued for share-based compensation awards 5,300  7,969 
Ending Balance $ (12,886) $ (18,186)

(c)    Comprehensive Income (Loss)

The accumulated balances for each classification of other comprehensive income (loss) are as follows (in thousands):
Foreign currency gains/(losses) October 31, 2021 November 1, 2020
Balance, beginning of the year $ (6,458) $ (6,801)
Other comprehensive income before reclassifications 209  343 
Ending Balance $ (6,249) $ (6,458)

There were no reclassifications from accumulated other comprehensive loss in fiscal 2021 and 2020.