XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.25.1

Derivatives | 6 Months Ended
--- | ---
May 03, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives | Derivatives Foreign Exchange Exposure Management — The total notional amounts of forward foreign currency derivative instruments designated as hedging instruments of cash flow hedges as of May 3, 2025 and November 2, 2024 were $276.0 million and $257.0 million, respectively, and the fair values of these instruments in the Company’s Condensed Consolidated Balance Sheets were as follows:
|  |  | Fair Value At
| Balance Sheet Location |  | May 3, 2025 |  | November 2, 2024
Forward foreign currency exchange contracts | Prepaid expenses and other current assets |  | $ | 12,297 |  |  | $ | 780 |
Forward foreign currency exchange contracts | Accrued liabilities |  | $ | 136 |  |  | $ | 4,235 |
As of May 3, 2025 and November 2, 2024, the total notional amounts of undesignated hedges related to forward foreign currency exchange contracts were $191.8 million and $176.8 million, respectively, and the fair values of undesignated hedges in the Company’s Condensed Consolidated Balance Sheets were as follows:
|  |  | Fair Value At
| Balance Sheet Location |  | May 3, 2025 |  | November 2, 2024
Undesignated hedges related to forward foreign currency exchange contracts | Prepaid expenses and other current assets |  | $ | 8,407 |  |  | $ | 6,538 |
Undesignated hedges related to forward foreign currency exchange contracts | Accrued liabilities |  | $ | 5,184 |  |  | $ | 12,044 |
Interest Rate Exposure Management — The Company does not consider the risk of counterparty default to be significant. The gain or loss on the Company’s interest rate swap transactions attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps were recorded as follows:
|  | May 3, 2025 |  |
Balance Sheet Location |  | Loss on Swaps |  | Gain on Note |  |  |  |
Accrued liabilities |  | $ | 21,881 |  |  | $ | — |  |  |  |  |
Long-term debt |  | $ | — |  |  | $ | 21,881 |  |  |  |  |
For information on the unrealized holding gains (losses) on derivatives included in and reclassified out of AOCI into the Condensed Consolidated Statements of Income related to forward foreign currency exchange contracts, see Note 3, Accumulated Other Comprehensive (Loss) Income, in these Notes to Condensed Consolidated Financial Statements for further information.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/815/tableOfContent + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration