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Special Charges, Net | 12 Months Ended
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Nov. 02, 2024
Restructuring and Related Activities [Abstract] |
Special Charges, Net | Special Charges, Net The Company monitors global macroeconomic conditions on an ongoing basis and continues to assess opportunities for improved operational effectiveness and efficiency, as well as a better alignment of expenses with revenues. As a result of these assessments, the Company has undertaken various actions resulting in special charges over the past several years. Liabilities related to special charges, net are presented in accrued liabilities and other non-current liabilities on the Consolidated Balance Sheets. The activity is detailed below:
Accrued Special Charges |  |  |  |  |  |  |  | Global Repositioning Actions |  | Q4 2023 Plan |  |  |
Balance at October 30, 2021 |  |  |  |  |  |  |  | $ | 21,065 |  |  | $ | — |  |  |  |
Employee severance and benefit costs |  |  |  |  |  |  |  | 149,853 |  |  | — |  |  |  |
Facility closure costs |  |  |  |  |  |  |  | — |  |  | — |  |  |  |
Severance and benefit payments, net |  |  |  |  |  |  |  | (118,567) |  |  | — |  |  |  |
Facility closure cost payments |  |  |  |  |  |  |  | — |  |  | — |  |  |  |
Effect of foreign currency on accrual |  |  |  |  |  |  |  | (281) |  |  | — |  |  |  |
Balance at October 29, 2022 |  |  |  |  |  |  |  | $ | 52,070 |  |  | $ | — |  |  |  |
Employee severance and benefit costs |  |  |  |  |  |  |  | 45,064 |  |  | 113,995 |  |  |  |
Severance and benefit payments, net |  |  |  |  |  |  |  | (60,153) |  |  | (3,549) |  |  |  |
Balance at October 28, 2023 |  |  |  |  |  |  |  | $ | 36,981 |  | (1) | $ | 110,446 |  |  |  |
Employee severance and benefit costs |  |  |  |  |  |  |  | (5,106) |  |  | 41,907 |  |  |  |
Severance and benefit payments, net |  |  |  |  |  |  |  | (18,020) |  |  | (151,636) |  |  |  |
Balance at November 2, 2024 |  |  |  |  |  |  |  | $ | 13,855 |  |  | $ | 717 |  |  |  |
_________________________________________________________ (1) As of October 28, 2023, this balance was comprised of $13.8 million and $23.1 million recorded in Accrued liabilities and Other non-current liabilities, respectively, on the Consolidated Balance Sheet. Q4 2023 Plan The Company recorded net special charges of $155.9 million on a cumulative basis through November 2, 2024 related to the Q4 2023 Plan. In fiscal 2023, the Company committed to a plan to reorganize its business (the Q4 2023 Plan). The Q4 2023 Plan, consisting of voluntary and involuntary reductions-in-force and other cost-savings initiatives, was commenced to adjust the Company’s cost structure and business activities to better align with weaker market demand and continued economic uncertainty in its end markets, as well as to make certain strategic shifts in its workforce necessary to achieve its long-term vision. The reductions-in-force impacted positions in manufacturing, engineering and selling, marketing, general and administrative functions. Global Repositioning Actions The Company recorded net special charges of $527.6 million on a cumulative basis through November 2, 2024, as part of the integration of the Acquisition and continued organizational initiatives to consolidate its global footprint related to certain manufacturing, engineering, sales, marketing and administrative offices and to better align its global workforce with the Company’s long-term strategic plan. The special charges include severance and fringe benefit costs, in accordance with the Company’s ongoing benefit plan or statutory requirements at foreign locations, and the write-off of acquired intellectual property due to the Company’s decision to discontinue certain product development strategies. In connection with the Company’s decision during fiscal 2022 to transition its engineering, sales, marketing and administrative activities from its leased property in Santa Clara, California to its owned property in San Jose, California, the Company entered into a sublease agreement for a portion of the leased property and intends to sublease the remainder of this property. As a result of the sublease transaction, the Company recorded an impairment charge of $91.9 million in net special charges which represented the excess carrying value of the associated asset group over its estimated fair value. The Company estimated fair value using cash flows from the estimated net sublease rental income discounted at a market rate. The Company allocated $60.6 million, $28.1 million and $3.2 million of the impairment charge to right of use assets, leasehold improvements and office equipment, respectively.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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