| Fair Value Measurements |
The following
table presents the fair value hierarchy, carrying amounts, and fair
values of the Company’s significant financial instruments as
of April 30, 2012 and October 31, 2011:
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April 30,
2012 |
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October 31,
2011 |
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Fair Value |
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Carrying |
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Fair |
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Carrying |
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Fair |
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(in
thousands)
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Hierarchy |
|
Amount |
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Value |
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|
Amount |
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|
Value |
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Assets
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Cash and cash
equivalents
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1 |
|
$ |
25,411 |
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$ |
25,411 |
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$ |
26,467 |
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|
$ |
26,467 |
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Trade accounts
receivable, net
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2 |
|
|
564,055 |
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|
564,055 |
|
|
|
552,098 |
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|
552,098 |
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Notes
receivable
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|
2 |
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|
6,027 |
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|
6,027 |
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|
5,210 |
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|
5,210 |
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Assets held in
funded deferred compensation plan
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|
1 |
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|
4,945 |
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|
4,945 |
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|
4,717 |
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|
4,717 |
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Investments in
auction rate securities
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3 |
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|
17,994 |
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|
17,994 |
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|
15,670 |
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|
15,670 |
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Total
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$ |
618,432 |
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$ |
618,432 |
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$ |
604,162 |
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$ |
604,162 |
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Liabilities
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Trade accounts
payable
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2 |
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$ |
128,619 |
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$ |
128,619 |
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$ |
130,464 |
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$ |
130,464 |
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Interest rate
swap
|
|
2 |
|
|
242 |
|
|
|
242 |
|
|
|
253 |
|
|
|
253 |
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Line of
credit
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2 |
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|
266,000 |
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|
|
266,000 |
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|
300,000 |
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|
300,000 |
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Total
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$ |
394,861 |
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$ |
394,861 |
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$ |
430,717 |
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$ |
430,717 |
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