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INCOME TAXES (Tables) | 12 Months Ended
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Oct. 30, 2016
INCOME TAXES [Abstract] |
Income before income tax provision for domestic and foreign | Income before the income tax provisions consist of the following:
|  | Year Ended |
|  | October 30, 2016 |  |  | November 1, 2015 |  |  | November 2, 2014 |
United States |  | $ | 6,270 |  |  | $ | 6,646 |  |  | $ | (23,083 | )
Foreign |  |  | 54,204 |  |  |  | 63,394 |  |  |  | 64,413 |
|  | $ | 60,474 |  |  | $ | 70,040 |  |  | $ | 41,330 |
Income tax provision | The income tax provisions consist of the following:
|  | Year Ended |
|  | October 30, 2016 |  |  | November 1, 2015 |  |  | November 2, 2014 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 492 |  |  | $ | 160 |  |  | $ | 354 |
State |  |  | (2 | ) |  |  | (109 | ) |  |  | - |
Foreign |  |  | 8,115 |  |  |  | 9,729 |  |  |  | 4,726 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | - |  |  |  | - |  |  |  | - |
State |  |  | 10 |  |  |  | 7 |  |  |  | (5 | )
Foreign |  |  | (3,817 | ) |  |  | 3,394 |  |  |  | 4,220 |
Total |  | $ | 4,798 |  |  | $ | 13,181 |  |  | $ | 9,295 |
Income tax rate reconciliation | The income tax provisions differ from the amount computed by applying the statutory U.S. federal income tax rate to income before income taxes as a result of the following:
|  | Year Ended |
|  | October 30, 2016 |  |  | November 1, 2015 |  |  | November 2, 2014 |
U.S. federal income tax at statutory rate |  | $ | 21,166 |  |  | $ | 24,514 |  |  | $ | 14,465 |
Changes in valuation allowances |  |  | (9,516 | ) |  |  | (11,471 | ) |  |  | (7,575 | )
Distributions from foreign subsidiaries |  |  | 3,438 |  |  |  | 448 |  |  |  | 12,674 |
Foreign tax rate differentials |  |  | (9,620 | ) |  |  | (4,356 | ) |  |  | (4,864 | )
Tax credits |  |  | (944 | ) |  |  | (2,729 | ) |  |  | (2,847 | )
Uncertain tax positions, including reserves, settlements and resolutions |  |  | 134 |  |  |  | (175 | ) |  |  | (2,255 | )
Gain on acquisition of DPTT |  |  | - |  |  |  | - |  |  |  | (5,748 | )
Intercompany gain elimination |  |  | - |  |  |  | - |  |  |  | 4,759 |
Tax on foreign subsidiary earnings |  |  | 225 |  |  |  | 6,589 |  |  |  | - |
Other, net |  |  | (85 | ) |  |  | 361 |  |  |  | 686 |
|  | $ | 4,798 |  |  | $ | 13,181 |  |  | $ | 9,295 |
Net deferred income tax assets | The net deferred income tax assets consist of the following:
|  | As of |
|  | October 30, 2016 |  |  | November 1, 2015 |
Deferred income tax assets: |  |  |  |  |  |
Net operating losses |  | $ | 46,158 |  |  | $ | 56,582 |
Reserves not currently deductible |  |  | 7,876 |  |  |  | 8,158 |
Alternative minimum tax credits |  |  | 3,772 |  |  |  | 3,281 |
Tax credit carryforwards |  |  | 8,814 |  |  |  | 8,809 |
Other |  |  | 1,719 |  |  |  | 1,782 |
|  |  | 68,339 |  |  |  | 78,612 |
Valuation allowances |  |  | (29,315 | ) |  |  | (38,763 | )
|  |  | 39,024 |  |  |  | 39,849 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |
Undistributed earnings of foreign subsidiaries |  |  | (3,962 | ) |  |  | (5,953 | )
Property, plant and equipment |  |  | (19,977 | ) |  |  | (17,874 | )
Investments |  |  | 74 |  |  |  | (4,596 | )
Other |  |  | (328 | ) |  |  | (552 | )
|  |  | (24,193 | ) |  |  | (28,975 | )
Net deferred income tax assets |  | $ | 14,831 |  |  | $ | 10,874 |
Reported per adoption of new accounting standard (see below): |  |  |  |  |  |  |  |
Deferred income tax assets |  | $ | 16,322 |  |  | $ | 13,083 |
Deferred income tax liabilities |  |  | (1,491 | ) |  |  | (2,209 | )
|  | $ | 14,831 |  |  | $ | 10,874 |
Operating loss carryforwards | The following tables present the Company’s available operating loss and credit carryforwards at October 30, 2016, and their related expiration periods:
Operating Loss Carryforwards |  | Amount |  |  | Expiration Periods |
Federal |  | $ | 98,525 |  |  |  | 2025-2033 |
State |  |  | 211,665 |  |  |  | 2017-2036 |
Foreign |  |  | 27,403 |  |  |  | 2018-2023 |
Tax credit carryforwards |
Tax Credit Carryforwards |  | Amount |  |  | Expiration Period |
Federal research and development |  | $ | 5,121 |  |  |  | 2019-2036 |
Federal alternative minimum tax |  |  | 3,772 |  |  | Indefinite |
State tax |  |  | 5,681 |  |  |  | 2017-2030 |
Reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties | A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties, is as follows:
|  | Year Ended |
|  | October 30, 2016 |  |  | November 1, 2015 |  |  | November 2, 2014 |
Balance at beginning of year |  | $ | 4,029 |  |  | $ | 4,993 |  |  | $ | 4,757 |
Additions (reductions) for tax positions in prior years |  |  | 744 |  |  |  | (212 | ) |  |  | 3,437 |
Additions based on current year tax positions |  |  | 268 |  |  |  | 318 |  |  |  | 272 |
Settlements |  |  | (378 | ) |  |  | (720 | ) |  |  | (3,155 | )
Lapses of statutes of limitations |  |  | (57 | ) |  |  | (350 | ) |  |  | (318 | )
Balance at end of year |  | $ | 4,606 |  |  | $ | 4,029 |  |  | $ | 4,993 |
Effect on financial statement deferred income taxes line items of adopting ASU 2015-17 | The effect on our fiscal year 2015 financial statement deferred income taxes line items of adopting ASU 2015-17 is presented below.
Classification |  | Previously Reported |  |  | Change Due to Adoption |  |  | Retrospectively Adjusted |
Current assets |  | $ | 3,354 |  |  | $ | (3,354 | ) |  | $ | - |
Noncurrent assets |  |  | 11,908 |  |  |  | 1,175 |  |  |  | 13,083 |
Noncurrent liabilities |  |  | 4,388 |  |  |  | (2,179 | ) |  |  | 2,209 |

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