Volt Information Sciences (VOLT) 10-Q 13 Mar 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Feb. 02, 2020	Mar. 06, 2020
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Feb. 2, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	VOLT INFORMATION SCIENCES, INC.
Entity Central Index Key	0000103872
Current Fiscal Year End Date	--11-01
Entity Smaller Reporting Company	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding (in shares)		21,408,659

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 02, 2020	Jan. 27, 2019
Income Statement [Abstract]
NET REVENUE	$ 217,766	$ 253,436
Cost of services	186,339	215,737
GROSS MARGIN	31,427	37,699
EXPENSES
Selling, administrative and other operating costs	39,497	39,810
Restructuring and severance costs	1,246	59
Impairment charge	11	0
Operating income (loss)	(9,327)	(2,170)
OTHER INCOME (EXPENSE), NET
Interest income (expense), net	(700)	(746)
Foreign exchange gain (loss), net	(328)	213
Other income (expense), net	(258)	(239)
TOTAL OTHER INCOME (EXPENSE), NET	(1,286)	(772)
LOSS BEFORE INCOME TAXES	(10,613)	(2,942)
Income tax provision	195	273
NET LOSS	$ (10,808)	$ (3,215)
Basic and Diluted:
Net loss (usd per share)	$ (0.50)	$ (0.15)
Weighted average number of shares (shares)	21,416	21,080

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Feb. 02, 2020	Jan. 27, 2019
Statement of Comprehensive Income [Abstract]
NET LOSS	$ (10,808)	$ (3,215)
Other comprehensive income (loss):
Foreign currency translation adjustments net of taxes of $0 and $0, respectively	364	158
COMPREHENSIVE LOSS	$ (10,444)	$ (3,057)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Feb. 02, 2020	Jan. 27, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 0	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 02, 2020	Nov. 03, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 30,876	$ 28,672
Restricted cash and short-term investments	8,484	12,794
Trade accounts receivable, net of allowances of $95 and $117, respectively	125,113	135,950
Other current assets	7,595	7,252
TOTAL CURRENT ASSETS	172,068	184,668
Property, equipment and software, net	25,274	25,890
Right of use assets - operating leases	45,158
Other assets, excluding current portion	6,781	7,446
TOTAL ASSETS	249,281	218,004
CURRENT LIABILITIES:
Accrued compensation	20,713	21,507
Accounts payable	29,939	36,341
Accrued taxes other than income taxes	13,062	11,244
Accrued insurance and other	22,841	24,654
Operating lease liabilities	8,123
Income taxes payable	1,741	1,570
TOTAL CURRENT LIABILITIES	96,419	95,316
Accrued insurance and other, excluding current portion	8,579	12,029
Operating lease liabilities, excluding current portion	41,693
Deferred gain on sale of real estate, excluding current portion	0	20,270
Income taxes payable, excluding current portion	289	289
Deferred income taxes	5	17
Long-term debt, net	53,831	53,894
TOTAL LIABILITIES	200,816	181,815
Commitments and contingencies
STOCKHOLDERS’ EQUITY:
Preferred stock, par value $1.00; Authorized - 500,000 shares; Issued - none	0	0
Common stock, par value $0.10; Authorized - 120,000,000 shares; Issued - 23,738,003 shares; Outstanding - 21,408,659 shares and 21,367,821 shares, respectively	2,374	2,374
Paid-in capital	78,085	77,688
Accumulated deficit	(248)	(10,917)
Accumulated other comprehensive loss	(6,437)	(6,801)
Treasury stock, at cost; 2,329,344 and 2,370,182 shares, respectively	(25,309)	(26,155)
TOTAL STOCKHOLDERS’ EQUITY	48,465	36,189
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 249,281	$ 218,004

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Feb. 02, 2020	Nov. 03, 2019
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 95	$ 117
Preferred stock, par value (usd per share)	$ 1	$ 1
Preferred stock, shares authorized (shares)	500,000	500,000
Preferred stock, shares issued (shares)	0	0
Common stock, par value (usd per share)	$ 0.10	$ 0.10
Common stock, shares authorized (shares)	120,000,000	120,000,000
Common stock, shares issued (shares)	23,738,003	23,738,003
Common stock, shares outstanding (shares)	21,408,659	21,367,821
Treasury stock, shares (shares)	2,329,344	2,370,182

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
BEGINNING BALANCE (shares) at Oct. 28, 2018		23,738,003
BEGINNING BALANCE at Oct. 28, 2018	$ 50,499	$ 2,374	$ 79,057	$ 9,738	$ (7,070)	$ (33,600)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(3,215)			(3,215)
Share-based compensation	(113)		(113)
Issuance of common stock	0		(35)	(206)		241
Other comprehensive income	158				158
ENDING BALANCE (shares) at Jan. 27, 2019		23,738,003
ENDING BALANCE at Jan. 27, 2019	47,755	$ 2,374	78,909	6,743	(6,912)	(33,359)
BEGINNING BALANCE (shares) at Nov. 03, 2019		23,738,003
BEGINNING BALANCE at Nov. 03, 2019	36,189	$ 2,374	77,688	(10,917)	(6,801)	(26,155)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(10,808)			(10,808)
Share-based compensation	511		511
Issuance of common stock	(7)		(114)	(739)		846
Other comprehensive income	364				364
ENDING BALANCE (shares) at Feb. 02, 2020		23,738,003
ENDING BALANCE at Feb. 02, 2020	$ 48,465	$ 2,374	$ 78,085	$ (248)	$ (6,437)	$ (25,309)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	Feb. 02, 2020	Nov. 03, 2019	Jan. 27, 2019
Statement of Stockholders' Equity [Abstract]
Common stock, par value (usd per share)	$ 0.10	$ 0.10	$ 0.10

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Feb. 02, 2020	Jan. 27, 2019	Nov. 03, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (10,808)	$ (3,215)
Adjustment to reconcile net loss to cash provided by (used in) operating activities:
Depreciation and amortization	1,973	1,603
Operating lease asset amortization	2,082
Allowance (release) of doubtful accounts and sales allowances	5	(22)
Unrealized foreign currency exchange (gain) loss	472	39
Impairment charge	11	0
Amortization of gain on sale leaseback of property	0	(486)	$ (500)
Loss (gain) on dispositions of property, equipment and software	(327)	6
Share-based compensation	511	(113)
Change in operating assets and liabilities:
Trade accounts receivable	10,957	8,393
Other assets	248	768
Accounts payable	(6,468)	(7,123)
Accrued expenses and other liabilities	1,205	1,936
Income taxes	172	174
Net cash provided by operating activities	33	1,960
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of investments	0	(11)
Purchases of investments	(16)	(58)
Proceeds from sale of property, equipment, and software	352	0
Purchases of property, equipment, and software	(1,370)	(1,698)
Net cash used in investing activities	(1,034)	(1,767)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of borrowings	(10,000)	(10,000)
Draw-down on borrowings	10,000	15,000
Debt issuance costs	(230)	(140)
Withholding tax payment on vesting of stock awards	(6)	0
Net cash provided by (used in) financing activities	(236)	4,860
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(565)	(429)
Net increase (decrease) in cash, cash equivalents and restricted cash	(1,802)	4,624
Cash, cash equivalents and restricted cash, beginning of period	38,444	36,544	36,544
Cash, cash equivalents and restricted cash, end of period	36,642	41,168	38,444
Cash paid during the period:
Interest	730	801
Income taxes	4	146
Current assets:
Cash and cash equivalents	30,876	32,925	$ 28,672
Restricted cash included in Restricted cash and short-term investments	$ 5,766	$ 8,243

Basis of Presentation

Basis of Presentation	3 Months Ended
	Feb. 02, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Basis of Presentation The accompanying interim condensed consolidated financial statements of Volt Information Sciences, Inc. (“Volt” or the “Company”) have been prepared in conformity with generally accepted accounting principles, consistent in all material respects with those applied in the Annual Report on Form 10-K for the year ended November 3, 2019. The Company makes estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates and changes in estimates are reflected in the period in which they become known. Accounting for certain expenses, including income taxes, is based on full year assumptions, and the financial statements reflect all normal adjustments that, in the opinion of management, are necessary for fair presentation of the interim periods presented. The interim information is unaudited and is prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”), which provides for omission of certain information and footnote disclosures. This interim financial information should be read in conjunction with the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended November 3, 2019.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Feb. 02, 2020
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Standards Not Yet Adopted by the Company In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, Fair Value Measurement: Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which changes the fair value measurement disclosure requirements of Accounting Standards Codification (“ASC”) 820. ASU 2018-13 is effective for all entities for fiscal years beginning after December 15, 2019, including interim periods therein. Early adoption is permitted for any eliminated or modified disclosures upon issuance of ASU 2018-13. ASU 2018-13 is effective for the Company in the first quarter of fiscal 2021. The Company does not anticipate a significant impact upon adoption. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). This ASU provides guidance for recognizing credit losses on financial instruments based on an estimate of current expected credit losses model. In April 2019, ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, was issued to clarify and address certain items related to the amendments in ASU 2016-13. In May 2019, ASU 2019-05, Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief , was issued to provide entities that have certain instruments within the scope of ASC 326 with an option to irrevocably elect the fair value option under ASC 825-10, Financial Instruments - Overall , applied on an instrument-by-instrument basis for eligible instruments. The amendments are effective for fiscal years beginning after December 15, 2019, which for the Company will be the first quarter of fiscal 2021. Although the impact upon adoption will depend on the financial instruments held by the Company at that time, the Company does not anticipate a significant impact on its consolidated financial statements based on the instruments currently held and its historical trend of bad debt expense relating to trade accounts receivable. Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on the Company’s consolidated financial statements and related disclosures. Recently Adopted by the Company In June 2018, the FASB issued ASU 2018-07, C ompensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 expands the guidance in Topic 718 to include share-based payments for goods and services to non-employees and generally aligns it with the guidance for share-based payments to employees. The Company adopted this ASU in the first quarter of fiscal 2020 resulting in no significant impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”). This ASU requires that lessees recognize assets and liabilities for leases with lease terms greater than twelve months in the statement of financial position and also requires improved disclosures to help users of financial statements better understand the amount, timing and uncertainty of cash flows arising from leases. The Company adopted this ASU in the first quarter of fiscal 2020 resulting in a significant impact on the Company's consolidated financial statements. For the impact on the Company’s consolidated financial statements, refer to Note 3 - Leases. All other ASUs that became effective for Volt in the first three months of fiscal 2020 were not applicable to the Company at this time and therefore, did not have any impact during the period.

Leases

Leases	3 Months Ended
	Feb. 02, 2020
Leases [Abstract]
Leases	Leases The Company adopted ASC 842, Leases on November 4, 2019 using the modified transition method without retrospective application to comparative periods. The Company elected the package of three practical expedients allowed for under the transition guidance. Accordingly, the Company did not reassess: (1) whether any expired or existing contracts are or contain leases; (2) the lease classification for any expired or existing leases; or (3) initial direct costs for any existing leases. The Company has also elected not to recognize right-of-use assets (“ROU”) and lease liabilities for short-term leases that have a term of 12 months or less. The Company’s material operating leases consist of branch locations as well as corporate office space. Our leases have remaining terms of 1 - 12 years . Generally, the lease term is the minimum of the non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal option periods. Volt determines if an arrangement meets the criteria of a lease at inception, at which time it also performs an analysis to determine whether the lease qualifies as operating or financing. The Company does not currently have any finance leases. Upon adoption, the Company recorded approximately $47.2 million of ROU assets and $52.0 million of lease liabilities related to operating leases on the Condensed Consolidated Balance Sheet. At transition, the ROU asset was measured at the initial amount of the lease liability adjusted for any deferred rent and cease-use liabilities. The Company also recognized a $22.2 million cumulative-effect adjustment to retained earnings related to the deferred gain on the sale and leaseback of real estate. This gain was previously being amortized at approximately $0.5 million per quarter as an offset to rent expense in the Condensed Consolidated Statements of Operations. Since the Company has a full valuation allowance against its deferred tax assets, the impact is a reduction to our deferred tax assets and related valuation allowance, which will result in no tax impact to the net change to equity. Operating lease liabilities represent the present value of lease payments not yet paid. ROU assets represent Volt's right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepaid or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets. As the rate implicit in the lease is not readily determinable, the Company used its incremental borrowing rates based on the information available at the lease commencement date in determining the present value of lease payments. To determine the present value of lease payments not yet paid, the Company estimates incremental secured borrowing rates corresponding to the maturities of the leases. The Company has elected the practical expedient to not separate non-lease components from the lease components to which they relate, and instead account for each as a single lease component, for all underlying asset classes. Some leasing arrangements require variable payments that are dependent on usage or may vary for other reasons, such as payments for insurance, tax payments and other miscellaneous costs. The variable portion of lease payments is not included in the ROU assets or lease liabilities. Rather, variable payments, other than those dependent upon an index or rate, are expensed when the obligation for those payments is incurred and are included in lease expenses. Accordingly, all expenses associated with a lease contract are accounted for as lease expenses. Operating leases are included in Right of use assets - operating leases and Operating lease liabilities, current and long-term, on the Condensed Consolidated Balance Sheet. Lease expense for operating leases is recognized on a straight-line basis over the lease term, and is included in Selling, administrative and other operating costs on the Condensed Consolidated Statement of Operations. During the three months ended February 2, 2020, cash paid for the amount that was included in the measurement of operating lease liabilities was $2.9 million and the ROU assets obtained in exchange for operating lease liabilities was $52.0 million . The components of lease expense were as follows (in thousands): Three Months Ended February 2, 2020 Operating lease expense $ 2,921 Sublease income (394 ) Total (1) $ 2,527 (1) The Company's short term and variable lease expenses were minimal. Weighted average remaining lease terms and discount rates were as follows: Three Months Ended February 2, 2020 Weighted average remaining lease term (years) 8.3 Weighted average discount rate 6.3 % Maturities of operating lease liabilities as of February 2, 2020 were as follows (in thousands): Fiscal Year: Amount Remainder of 2020 $ 8,434 2021 8,922 2022 7,363 2023 6,411 2024 5,572 2025 5,255 Thereafter 22,894 Total future lease payments $ 64,851 Less: Imputed interest 15,035 Total operating lease liabilities $ 49,816 Maturities of operating leases accounted for under ASC 840 as of fiscal year-end 2019 were as follows (in thousands): Fiscal Year: Amount 2020 $ 11,782 2021 9,287 2022 7,457 2023 6,328 2024 5,486 Thereafter 28,422 Total $ 68,762

Revenue Recognition

Revenue Recognition	3 Months Ended
	Feb. 02, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue Recognition All of the Company’s revenue and trade receivables are generated from contracts with customers. Revenue is recognized when control of the promised services is transferred to the Company's customers at an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company's revenue is recorded net of any sales or other similar taxes collected from its customers. Revenue Service Types Staffing Services Volt’s primary service is providing contingent (temporary) workers to its customers. These services are primarily provided through direct agreements with customers, and Volt provides these services using its employees and, in some cases, by subcontracting with other vendors of contingent workers. Volt’s costs in providing these services consist of the wages and benefits provided to the contingent workers as well as the recruiting costs, payroll department costs and other administrative costs. Direct Placement Services Direct placement services include providing qualified candidates to the Company's customers to hire on a permanent basis. Direct placement revenue is recognized net of a reserve for permanent placement candidates that do not remain with the customer through the contingency period, which is typically 60 days or less. This contingency is estimated based on historical data and recorded as a refund liability. Managed Service Programs ("MSP") The Company's MSP programs provide comprehensive solutions for delivery of contingent labor for assignment to customers, including supplier and worker sourcing, selecting, qualifying, on/off-boarding, time and expense recordation, reporting and approved invoicing and payment processing procedures. The Company’s fee for these MSP services is a fixed percentage of the staffing services spend that is managed through the program. Disaggregation of Revenues The following table presents our segment revenues disaggregated by service type (in thousands): Three Months Ended February 2, 2020 Segment Total North American Staffing International Staffing North American MSP Corporate and Other Eliminations Service Revenues: Staffing Services $ 210,043 $ 180,863 $ 23,607 $ 5,794 $ 203 $ (424 ) Direct Placement Services 3,217 1,532 1,008 677 — — Managed Service Programs 4,506 — 1,608 2,898 — — $ 217,766 $ 182,395 $ 26,223 $ 9,369 $ 203 $ (424 ) Geographical Markets: Domestic $ 190,683 $ 181,768 $ — $ 9,318 $ — $ (403 ) International 27,083 627 26,223 51 203 (21 ) $ 217,766 $ 182,395 $ 26,223 $ 9,369 $ 203 $ (424 ) Three Months Ended January 27, 2019 Segment Total North American Staffing International Staffing North American MSP Corporate and Other (1) Eliminations Service Revenues: Staffing Services $ 238,733 $ 209,634 $ 24,633 $ 4,609 $ 172 $ (315 ) Direct Placement Services 3,353 2,214 863 702 — (426 ) Managed Service Programs 3,676 — 770 2,906 — — Call Center Services 7,674 — — — 7,674 — $ 253,436 $ 211,848 $ 26,266 $ 8,217 $ 7,846 $ (741 ) Geographical Markets: Domestic $ 226,154 $ 211,108 $ — $ 8,092 $ 7,674 $ (720 ) International 27,282 740 26,266 125 172 (21 ) $ 253,436 $ 211,848 $ 26,266 $ 8,217 $ 7,846 $ (741 ) (1) Includes the revenues from Volt's Customer Care Solutions business through the time of exit in June 2019 Unsatisfied Performance Obligations The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which they will recognize revenue at the amount to which it has the right to invoice for services performed. Unsatisfied performance obligations for contracts not meeting the aforementioned criteria are immaterial. Accounts Receivable, Contract Assets and Contract Liabilities The Company records accounts receivable when its right to consideration becomes unconditional and records a sales allowance as a liability. As of February 2, 2020, the change in the reserve balance from November 3, 2019 was minimal. Contract assets primarily relate to the Company's rights to consideration for services provided that are conditional on satisfaction of future performance obligations. The Company records contract liabilities when payments are made or due prior to the related performance obligations being satisfied. The current portion of contract liabilities is included in Accrued insurance and other in the Condensed Consolidated Balance Sheets. The Company does not have any material contract assets or long-term contract liabilities as of February 2, 2020 and November 3, 2019. Economic Factors The Company's operations are subject to variations in the economic condition and regulatory environment in their jurisdictions of operations. Adverse economic conditions may severely reduce the demand for the Company’s services and directly impact the revenue. In addition, the Company faces risks in complying with various legal requirements and unpredictable changes in both U.S. and foreign regulations. This may have a financial impact on the business and operations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Feb. 02, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss for the three months ended February 2, 2020 were (in thousands): Foreign Currency Translation Accumulated other comprehensive loss at beginning of the period $ (6,801 ) Other comprehensive income 364 Accumulated other comprehensive loss at February 2, 2020 $ (6,437 ) There were no reclassifications from accumulated other comprehensive loss for the three months ended February 2, 2020 and January 27, 2019.

Restricted Cash and Short-Term

Restricted Cash and Short-Term Investments	3 Months Ended
	Feb. 02, 2020
Cash and Cash Equivalents [Abstract]
Restricted Cash and Short-Term Investments	Restricted Cash and Short-Term Investments Restricted cash primarily includes amounts related to requirements under certain contracts with managed service program customers, for whom the Company manages the customers’ contingent staffing requirements, including processing of associate vendor billings into single, combined customer billings and distribution of payments to associate vendors on behalf of customers, as well as minimum cash deposits required to be maintained as collateral. Distribution of payments to associate vendors is generally made shortly after receipt of payment from customers, with undistributed amounts included in restricted cash and accounts payable between receipt and distribution of these amounts, where contractually required. At February 2, 2020 and November 3, 2019, restricted cash included $5.2 million and $9.3 million , respectively, restricted for payment to associate vendors, and $0.5 million in both periods, restricted for other collateral accounts. Short-term investments were $2.7 million and $3.0 million at February 2, 2020 and November 3, 2019, respectively. These short-term investments consisted primarily of the fair value of deferred compensation investments corresponding to employees’ selections, primarily in mutual funds, based on quoted prices in active markets.

Income Taxes

Income Taxes	3 Months Ended
	Feb. 02, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The income tax provision reflects the geographic mix of earnings in various federal, state and foreign tax jurisdictions and their applicable rates resulting in a composite effective tax rate. The Company’s cumulative results for substantially all United States ("U.S.") and certain non-U.S. jurisdictions for the most recent three-year period is a loss. Accordingly, a valuation allowance has been established for substantially all loss carryforwards and other net deferred tax assets for these jurisdictions, resulting in an effective tax rate that is significantly different than the statutory rate. The Company adjusts its effective tax rate for each quarter to be consistent with the estimated annual effective tax rate, consistent with ASC 270, Interim Reporting , and ASC 740-270, Income Taxes – Intra Period Tax Allocation . Jurisdictions with a projected loss for the full year where no tax benefit can be recognized are excluded from the calculation of the estimated annual effective tax rate. The Company’s future effective tax rates could be affected by earnings being different than anticipated in countries with differing statutory rates, increases in recorded valuation allowances of tax assets, or changes in tax laws. The Company’s provision (benefit) for income taxes primarily includes foreign jurisdictions and state taxes. The income tax provision in the first quarter of fiscal 2020 and 2019 of $0.2 million and $0.3 million , respectively, were primarily related to locations outside of the United States. The Company’s quarterly provision (benefit) for income taxes is measured using an estimated annual effective tax rate, adjusted for discrete items that occur within the periods presented.

Debt

Debt	3 Months Ended
	Feb. 02, 2020
Debt Disclosure [Abstract]
Debt	Debt The Company’s primary sources of liquidity are cash flows from operations and proceeds from its financing arrangements. Both operating cash flows and borrowing capacity under the Company’s financing arrangements are directly related to the levels of accounts receivable generated by its businesses. The Company’s operating cash flows consist primarily of collections of customer receivables offset by payments for payroll and related items for the Company’s contingent staff and in-house employees; federal, foreign, state and local taxes; and trade payables. The Company’s level of borrowing capacity under its financing arrangements increases or decreases in tandem with any change in accounts receivable based on revenue fluctuations. The Company manages its cash flow and related liquidity on a global basis. The weekly payroll payments inclusive of employment-related taxes and payments to vendors are approximately $18.0 million . The Company generally targets minimum global liquidity to be approximately 1.5 times its average weekly requirements. The Company also maintains minimum effective cash balances in foreign operations and uses a multi-currency netting and overdraft facility for its European entities to further minimize overseas cash requirements. On July 19, 2019, the Company amended and restated its long-term $115.0 million accounts receivable securitization program (“DZ Financing Program”) with DZ Bank AG Deutsche Zentral-Genossenschafsbank (“DZ Bank”), which was originally executed on January 25, 2018. The restated agreement allows for the inclusion of certain accounts receivable from originators in the United Kingdom, which adds an additional $5.0 - $7.0 million in borrowing availability. All other material terms and conditions of the original agreement remain substantially unchanged. The DZ Financing Program is fully collateralized by certain receivables of the Company that are sold to a wholly-owned, consolidated, bankruptcy-remote subsidiary. To finance the purchase of such receivables, that subsidiary may request that DZ Bank make loans from time-to-time to that subsidiary which are secured by liens on those receivables. On January 14, 2020, the Company executed an amendment to the DZ Financing Program. The modifications to the agreement were to (1) extend the Amortization Date, as defined under the DZ Financing Program, from January 25, 2021 to January 25, 2023; (2) extend the Facility Maturity Date, as defined under the DZ Financing Program, from July 25, 2021 to July 25, 2023; and (3) revise an existing covenant to maintain positive net income in any fiscal year ending after 2020. All other terms and conditions remain unchanged. Loan advances may be made under the DZ Financing Program through January 25, 2023 and all loans will mature no later than July 25, 2023. Loans will accrue interest (i) with respect to loans that are funded through the issuance of commercial paper notes, at the commercial paper (“CP”) rate, and (ii) otherwise, at a rate per annum equal to adjusted LIBOR. The CP rate will be based on the rates paid by the applicable lender on notes it issues to fund related loans. Adjusted LIBOR is based on LIBOR for the applicable interest period and the rate prescribed by the Board of Governors of the Federal Reserve System for determining the reserve requirements with respect to Eurocurrency funding. If an event of default occurs, all loans shall bear interest at a rate per annum equal to the prime rate (the federal funds rate plus 3% ) plus 2.5% . The DZ Financing Program also includes a letter of credit sub-facility with a sub-limit of $35.0 million . As of February 2, 2020, the letter of credit participation was $24.2 million inclusive of $22.8 million for the Company’s casualty insurance program, $1.2 million for the security deposit required under certain real estate lease agreements and $0.2 million for the Company's corporate credit card program. The DZ Financing Program contains customary representations and warranties as well as affirmative and negative covenants. The agreement also contains customary default, indemnification and termination provisions. The DZ Financing Program is not an off-balance sheet arrangement, as the bankruptcy-remote subsidiary is a 100%-owned consolidated subsidiary of the Company. The Company is subject to certain financial and portfolio performance covenants under the DZ Financing Program, including (1) a minimum Tangible Net Worth, as defined under the DZ Financing Program, of at least $30.0 million through fiscal 2019, which increased to $40.0 million in fiscal 2020; (2) positive net income in any fiscal year ending after 2020; (3) maximum debt to tangible net worth ratio of 3 :1; and (4) a minimum of $15.0 million in liquid assets, as defined under the DZ Financing Program. At February 2, 2020, the Company was in compliance with all debt covenants. At February 2, 2020, there was $11.3 million of borrowing availability, as defined under the DZ Financing Program. At February 2, 2020, the Company had outstanding borrowings under the DZ Financing Program of $55.0 million with a weighted average annual interest rate of 3.5% during the first quarter of fiscal 2020. At January 27, 2019, the Company had outstanding borrowings under the DZ Financing program of $55.0 million , with a weighted average annual rate of 4.1% during the first quarter of fiscal 2019. Subsequent to the end of the quarter, on March 12, 2020, the Company executed an amendment to the DZ Financing Program. The modifications to the agreement were to revise an existing covenant to maintain a Tangible Net Worth, as defined, from $40.0 million to $35.0 million through the Company’s fiscal quarter ending on or about July 31, 2020 and at least $40.0 million in each quarter thereafter. All other terms and conditions remain unchanged. Long-term debt consists of the following (in thousands): February 2, 2020 November 3, 2019 Financing programs $ 55,000 $ 55,000 Less: Deferred financing fees 1,169 1,106 Total long-term debt, net $ 53,831 $ 53,894

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Feb. 02, 2020
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic and diluted net loss per share are calculated as follows (in thousands, except per share amounts): Three Months Ended February 2, 2020 January 27, 2019 Numerator Net loss $ (10,808 ) $ (3,215 ) Denominator Basic weighted average number of shares 21,416 21,080 Diluted weighted average number of shares 21,416 21,080 Net loss per share: Basic $ (0.50 ) $ (0.15 ) Diluted $ (0.50 ) $ (0.15 ) The diluted earnings per share for the three months ended February 2, 2020 did not include the effect of potentially dilutive outstanding shares comprised of 653,210 RSUs (defined below), 530,135 stock options and 376,986 PSUs (defined below) because the effect would have been anti-dilutive. The diluted earnings per share for the three months ended January 27, 2019 did not include the effect of potentially dilutive outstanding shares comprised of 445,389 RSUs, 1,371,856 stock options and 218,097 PSUs because the effect would have been anti-dilutive.

Share-Based Compensation Plans

Share-Based Compensation Plans	3 Months Ended
	Feb. 02, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation Plans	Share-Based Compensation Plans For the three months ended February 2, 2020 and January 27, 2019, the Company recognized share-based compensation expense of $0.5 million and $0.1 million , respectively. These expenses are included in Selling, administrative and other operating costs in the Company’s Condensed Consolidated Statements of Operations. Equity Awards During fiscal 2019, the Company granted performance stock units (“PSUs”) to executive management, restricted stock units (“RSUs”) to certain employees including executive management and its annual equity grant of RSUs to the Board of Directors of the Company (“Board of Directors”). The PSUs are eligible to vest in three equal tranches at the end of each performance period. Vesting of the PSUs is dependent on the achievement of the adjusted Earnings Before Interest, Taxes, Depreciation and Amortization margin percentage goals based on adjusted revenues at the end of each fiscal year end of the one -year, two -year and three -year performance periods and provided that the employees remain employed with the Company on each of those vesting dates. The payout percentages can range from 0% to 150% . The RSUs for the employees vest in equal annual tranches over three years , provided the employees remain employed with the Company on each of those vesting dates. The RSUs for the Board of Directors vest in one year from the grant date provided that the director provides continued service through the vesting date. The grant date fair value for the PSUs and RSUs is measured using the closing stock price on the grant date. The PSUs and RSUs had a total grant date fair value of approximately $1.2 million and $2.1 million , respectively. For stock options granted in the prior fiscal years, the fair value of the option grants was estimated using the Black-Scholes option-pricing model, which requires estimates of key assumptions based on both historical information and management judgment regarding market factors and trends. For RSUs granted in the prior fiscal year that are classified as equity awards, the grant date fair value is measured using the closing stock price on the grant date. These awards vest in equal annual tranches over three years , provided the employees remain employed with the Company on each of those vesting dates. Liability Awards During fiscal 2018, the Company granted PSUs and RSUs that are classified as a liability at fair value, which is computed using a Monte Carlo simulation and re-measured periodically based on the effect that the market condition has on these awards. The liability and corresponding expense is adjusted accordingly until the awards are settled. As of the first quarter ended February 2, 2020, the total fair value of the remaining PSUs and RSUs was approximately $0.1 million and $0.5 million , respectively. Vesting of the PSUs is dependent on the achievement of target stock prices at the end of each of the one -year, two -year and three -year performance periods. The ending stock price is the average price of the last 20 trading days prior to and including the final day of each performance period. The payout percentages can range from 0% to 200% . The RSUs vest in equal annual tranches over three years , provided the employees remain employed with the Company on each of those vesting dates. Upon vesting, the PSUs and RSUs may be settled in either cash or stock at the Company’s election, with any stock settlement being subject to the Company having a sufficient number of shares then available under its equity incentive plan to satisfy such awards. Any awards settled in cash will be capped at two times the Company’s closing stock price on the grant date, multiplied by the number of awards vesting. In prior years, the Company granted phantom units in the form of cash-settled RSUs to certain senior management level employees. The total fair value at the grant date was approximately $0.3 million with a weighted average fair value per unit of $4.35 . The units vest in equal annual tranches over three years , provided the employees remain employed on each of those vesting dates. These awards are classified as a liability and re-measured at the end of each reporting period based on the change in fair value of one share of the Company’s common stock. As of the first quarter ended February 2, 2020, the total fair value was less than $0.1 million and 5,465 phantom units were outstanding. Summary of Equity and Liability Awards The following tables summarize the activities related to the Company’s share-based equity and liability awards for the three months ended February 2, 2020: Performance Share Units Number of Weighted Average Shares Grant Date Fair Value Outstanding at November 3, 2019 and February 2, 2020 376,986 $3.90 Restricted Stock Units Number of Weighted Average Shares Grant Date Fair Value Outstanding at November 3, 2019 667,082 $3.86 Forfeited (4,387 ) $3.80 Vested (9,485 ) $4.10 Outstanding at February 2, 2020 653,210 $3.86 Stock Options Number of Shares Weighted Average Exercise Price Weighted Average Contractual Life (in years) Aggregate Intrinsic Value (in thousands) Outstanding at November 3, 2019 603,484 $6.28 6.81 $— Expired (73,350 ) $9.28 — $— Outstanding at February 2, 2020 530,134 $5.86 6.97 $— Unvested at February 2, 2020 64,302 $4.18 7.94 $— Exercisable at February 2, 2020 465,832 $6.10 6.83 $— For the three months ended February 2, 2020, there was no issuance of any share-based payment awards or any exercise of stock options. As of February 2, 2020, total unrecognized compensation expense of $2.0 million related to PSUs, stock options, RSUs and phantom units will be recognized over the remaining weighted average vesting period of 1.9 years of which $1.2 million , $0.6 million and $0.2 million are expected to be recognized in fiscal 2020, 2021 and 2022, respectively.

Restructuring and Severance Cha

Restructuring and Severance Charges	3 Months Ended
	Feb. 02, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Severance Charges	Restructuring and Severance Charges The Company incurred total restructuring and severance costs of $1.2 million and $0.1 million in the first quarter of fiscal 2020 and 2019, respectively. 2020 Restructuring Plan In the first quarter of fiscal 2020, the Company approved a restructuring plan (the “2020 Plan”) as part of its strategic initiative to optimize the Company’s cost infrastructure. The 2020 Plan will leverage the global capabilities of the Company's staffing operations based in Bangalore, India and offshore a significant number of strategically identified roles to this location. The total costs incurred in the first three months of fiscal 2020 in connection with the 2020 Plan were $1.1 million , consisting of $0.1 million in North American Staffing and $1.0 million in the Corporate and Other category. As of February 2, 2020, the Company anticipates payments of $1.1 million will be made through the remainder of fiscal 2020. 2018 Restructuring Plan On October 16, 2018, the Company approved a restructuring plan (the “2018 Plan”) based on an organizational and process redesign intended to optimize the Company’s strategic growth initiatives and overall business performance. In connection with the 2018 Plan, the Company incurred restructuring charges comprised of severance and benefit costs and facility and lease termination costs. The 2018 Plan was completed by the end of fiscal 2019. The total costs since inception through February 2, 2020 were approximately $5.5 million , consisting of $1.1 million in North American Staffing, $0.4 million in International Staffing and $4.0 million in Corporate and Other. As of February 2, 2020, the Company anticipates payments of $0.1 million will be made through fiscal 2020. Change in Executive Management Effective June 6, 2018, Michael Dean departed from his role as President and Chief Executive Officer of the Company and is no longer a member of the Board of Directors. The Company and Mr. Dean subsequently executed a separation agreement, effective June 29, 2018. The Company incurred related severance costs of $2.6 million in the third quarter of fiscal 2018, which is payable over a period of 24 months . Effective August 23, 2019, Paul Tomkins stepped down from his role as Senior Vice President and Chief Financial Officer of the Company. The Company and Mr. Tomkins subsequently executed a separation agreement, effective September 11, 2019. The Company incurred related severance costs of $0.9 million in the fourth quarter of fiscal 2019, which is payable over a period of 12 months beginning November 2019. Exit of Customer Care Solutions Business In June 2019, the Company exited its customer care solutions business, which was reported as a part of the Corporate and Other category. This exit allows the Company to further strengthen its focus on its core staffing business and align its resources to streamline operations, improve cost competitiveness and increase profitability. As a result of this exit, the Company incurred restructuring and severance costs of $2.1 million during the second half of fiscal 2019. Accrued restructuring and severance costs are included in Accrued compensation, Operating lease liabilities (upon adoption of ASC 842, Leases) and Accrued insurance and other in the Condensed Consolidated Balance Sheets. Activity for the first three months of fiscal 2020 is summarized as follows (in thousands): February 2, 2020 Balance, beginning of year $ 3,845 Cease use liabilities transferred to ROU assets (1,964 ) Liability at November 4, 2019 1,881 Charged to expense 1,215 Cash payments (919 ) Ending Balance $ 2,177 Upon adoption of ASC 842 Leases , $2.0 million of accrued restructuring related to the exit of leased real estate was reclassified as a reduction to the related ROU asset, per the accounting guidance. The remaining balance at February 2, 2020 of $2.2 million , primarily related to Corporate and Other, includes $1.1 million related to the 2020 Plan, $1.0 million related to the change in executive management and $0.1 million related to the 2018 Plan.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Feb. 02, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings The Company is involved in various claims and legal actions arising in the ordinary course of business. The Company’s loss contingencies not discussed elsewhere consist primarily of claims and legal actions arising in the normal course of business related to contingent worker employment matters in the staffing services segments. These matters are at varying stages of investigation, arbitration or adjudication. The Company has accrued for losses on individual matters that are both probable and reasonably estimable. Estimates are based on currently available information and assumptions. Significant judgment is required in both the determination of probability and the determination of whether a matter is reasonably estimable. The Company’s estimates may change and actual expenses could differ in the future as additional information becomes available.

Segment Data

Segment Data	3 Months Ended
	Feb. 02, 2020
Segment Reporting [Abstract]
Segment Data	Segment Data We report our segment data in accordance with the provisions of ASC 280, Segment Reporting , aligning with the way the Company evaluates its business performance and manages its operations. Our current reportable segments are (i) North American Staffing, (ii) International Staffing and (iii) North American MSP. The non-reportable businesses are combined and disclosed with corporate services under the category Corporate and Other. In June 2019, the Company exited its customer care solutions business, which was reported as a part of the Corporate and Other category. This exit allows the Company to further strengthen its focus on its core staffing business and align its resources to streamline operations, improve cost competitiveness and increase profitability. The Company’s other non-reportable businesses will continue to be combined and disclosed with corporate services under the category Corporate and Other. Segment operating income (loss) is comprised of segment net revenue less cost of services, selling, administrative and other operating costs, restructuring and severance costs, and impairment charges. The Company allocates to the segments all operating costs except for costs not directly related to the operating activities such as corporate-wide general and administrative costs. These costs are not allocated because doing so would not enhance the understanding of segment operating performance and are not used by management to measure segment performance. Financial data concerning the Company’s segment revenue and operating income (loss) as well as results from Corporate and Other are summarized in the following tables (in thousands): Three Months Ended February 2, 2020 Total North American Staffing International Staffing North American MSP Corporate and Other Eliminations Net revenue $ 217,766 $ 182,395 $ 26,223 $ 9,369 $ 203 $ (424 ) Cost of services 186,339 157,394 22,030 7,255 84 (424 ) Gross margin 31,427 25,001 4,193 2,114 119 — Selling, administrative and other operating costs 39,497 24,809 3,819 1,360 9,509 — Restructuring and severance costs 1,246 82 — — 1,164 — Impairment charge 11 11 — — — — Operating income (loss) (9,327 ) 99 374 754 (10,554 ) — Other income (expense), net (1,286 ) Income tax provision 195 Net loss $ (10,808 ) Three Months Ended January 27, 2019 Total North American Staffing International Staffing North American MSP Corporate and Other (1) Eliminations (2) Net revenue $ 253,436 $ 211,848 $ 26,266 $ 8,217 $ 7,846 $ (741 ) Cost of services 215,737 181,685 22,138 5,918 6,737 (741 ) Gross margin 37,699 30,163 4,128 2,299 1,109 — Selling, administrative and other operating costs 39,810 26,278 3,742 1,307 8,483 — Restructuring and severance costs 59 (2 ) 82 27 (48 ) — Operating income (loss) (2,170 ) 3,887 304 965 (7,326 ) — Other income (expense), net (772 ) Income tax provision 273 Net loss $ (3,215 ) (1) Revenues are primarily derived from Volt Customer Care Solutions business through June 7, 2019. (2) The majority of intersegment sales results from North American Staffing segment providing resources to Volt Customer Care Solutions business.

Subsequent Events

Subsequent Events	3 Months Ended
	Feb. 02, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On March 12, 2020, the Company executed an amendment to the DZ Financing Program. The modifications to the agreement were to revise an existing covenant to maintain a Tangible Net Worth, as defined, from $40.0 million to $35.0 million through the Company’s fiscal quarter ending on or about July 31, 2020 and at least $40.0 million in each quarter thereafter. All other terms and conditions remain unchanged.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Feb. 02, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated financial statements of Volt Information Sciences, Inc. (“Volt” or the “Company”) have been prepared in conformity with generally accepted accounting principles, consistent in all material respects with those applied in the Annual Report on Form 10-K for the year ended November 3, 2019. The Company makes estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates and changes in estimates are reflected in the period in which they become known. Accounting for certain expenses, including income taxes, is based on full year assumptions, and the financial statements reflect all normal adjustments that, in the opinion of management, are necessary for fair presentation of the interim periods presented. The interim information is unaudited and is prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”), which provides for omission of certain information and footnote disclosures. This interim financial information should be read in conjunction with the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended November 3, 2019.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Standards Not Yet Adopted by the Company In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, Fair Value Measurement: Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which changes the fair value measurement disclosure requirements of Accounting Standards Codification (“ASC”) 820. ASU 2018-13 is effective for all entities for fiscal years beginning after December 15, 2019, including interim periods therein. Early adoption is permitted for any eliminated or modified disclosures upon issuance of ASU 2018-13. ASU 2018-13 is effective for the Company in the first quarter of fiscal 2021. The Company does not anticipate a significant impact upon adoption. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). This ASU provides guidance for recognizing credit losses on financial instruments based on an estimate of current expected credit losses model. In April 2019, ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, was issued to clarify and address certain items related to the amendments in ASU 2016-13. In May 2019, ASU 2019-05, Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief , was issued to provide entities that have certain instruments within the scope of ASC 326 with an option to irrevocably elect the fair value option under ASC 825-10, Financial Instruments - Overall , applied on an instrument-by-instrument basis for eligible instruments. The amendments are effective for fiscal years beginning after December 15, 2019, which for the Company will be the first quarter of fiscal 2021. Although the impact upon adoption will depend on the financial instruments held by the Company at that time, the Company does not anticipate a significant impact on its consolidated financial statements based on the instruments currently held and its historical trend of bad debt expense relating to trade accounts receivable. Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on the Company’s consolidated financial statements and related disclosures. Recently Adopted by the Company In June 2018, the FASB issued ASU 2018-07, C ompensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 expands the guidance in Topic 718 to include share-based payments for goods and services to non-employees and generally aligns it with the guidance for share-based payments to employees. The Company adopted this ASU in the first quarter of fiscal 2020 resulting in no significant impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”). This ASU requires that lessees recognize assets and liabilities for leases with lease terms greater than twelve months in the statement of financial position and also requires improved disclosures to help users of financial statements better understand the amount, timing and uncertainty of cash flows arising from leases. The Company adopted this ASU in the first quarter of fiscal 2020 resulting in a significant impact on the Company's consolidated financial statements. For the impact on the Company’s consolidated financial statements, refer to Note 3 - Leases. All other ASUs that became effective for Volt in the first three months of fiscal 2020 were not applicable to the Company at this time and therefore, did not have any impact during the period.
Leases	Leases The Company adopted ASC 842, Leases on November 4, 2019 using the modified transition method without retrospective application to comparative periods. The Company elected the package of three practical expedients allowed for under the transition guidance. Accordingly, the Company did not reassess: (1) whether any expired or existing contracts are or contain leases; (2) the lease classification for any expired or existing leases; or (3) initial direct costs for any existing leases. The Company has also elected not to recognize right-of-use assets (“ROU”) and lease liabilities for short-term leases that have a term of 12 months or less. The Company’s material operating leases consist of branch locations as well as corporate office space. Our leases have remaining terms of 1 - 12 years . Generally, the lease term is the minimum of the non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal option periods. Volt determines if an arrangement meets the criteria of a lease at inception, at which time it also performs an analysis to determine whether the lease qualifies as operating or financing. The Company does not currently have any finance leases. Upon adoption, the Company recorded approximately $47.2 million of ROU assets and $52.0 million of lease liabilities related to operating leases on the Condensed Consolidated Balance Sheet. At transition, the ROU asset was measured at the initial amount of the lease liability adjusted for any deferred rent and cease-use liabilities. The Company also recognized a $22.2 million cumulative-effect adjustment to retained earnings related to the deferred gain on the sale and leaseback of real estate. This gain was previously being amortized at approximately $0.5 million per quarter as an offset to rent expense in the Condensed Consolidated Statements of Operations. Since the Company has a full valuation allowance against its deferred tax assets, the impact is a reduction to our deferred tax assets and related valuation allowance, which will result in no tax impact to the net change to equity. Operating lease liabilities represent the present value of lease payments not yet paid. ROU assets represent Volt's right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepaid or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets. As the rate implicit in the lease is not readily determinable, the Company used its incremental borrowing rates based on the information available at the lease commencement date in determining the present value of lease payments. To determine the present value of lease payments not yet paid, the Company estimates incremental secured borrowing rates corresponding to the maturities of the leases. The Company has elected the practical expedient to not separate non-lease components from the lease components to which they relate, and instead account for each as a single lease component, for all underlying asset classes. Some leasing arrangements require variable payments that are dependent on usage or may vary for other reasons, such as payments for insurance, tax payments and other miscellaneous costs. The variable portion of lease payments is not included in the ROU assets or lease liabilities. Rather, variable payments, other than those dependent upon an index or rate, are expensed when the obligation for those payments is incurred and are included in lease expenses. Accordingly, all expenses associated with a lease contract are accounted for as lease expenses. Operating leases are included in Right of use assets - operating leases and Operating lease liabilities, current and long-term, on the Condensed Consolidated Balance Sheet. Lease expense for operating leases is recognized on a straight-line basis over the lease term, and is included in Selling, administrative and other operating costs on the Condensed Consolidated Statement of Operations.
Revenue Recognition	Revenue Recognition All of the Company’s revenue and trade receivables are generated from contracts with customers. Revenue is recognized when control of the promised services is transferred to the Company's customers at an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company's revenue is recorded net of any sales or other similar taxes collected from its customers. Revenue Service Types Staffing Services Volt’s primary service is providing contingent (temporary) workers to its customers. These services are primarily provided through direct agreements with customers, and Volt provides these services using its employees and, in some cases, by subcontracting with other vendors of contingent workers. Volt’s costs in providing these services consist of the wages and benefits provided to the contingent workers as well as the recruiting costs, payroll department costs and other administrative costs. Direct Placement Services Direct placement services include providing qualified candidates to the Company's customers to hire on a permanent basis. Direct placement revenue is recognized net of a reserve for permanent placement candidates that do not remain with the customer through the contingency period, which is typically 60 days or less. This contingency is estimated based on historical data and recorded as a refund liability. Managed Service Programs ("MSP") The Company's MSP programs provide comprehensive solutions for delivery of contingent labor for assignment to customers, including supplier and worker sourcing, selecting, qualifying, on/off-boarding, time and expense recordation, reporting and approved invoicing and payment processing procedures. The Company’s fee for these MSP services is a fixed percentage of the staffing services spend that is managed through the program.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Feb. 02, 2020
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense were as follows (in thousands): Three Months Ended February 2, 2020 Operating lease expense $ 2,921 Sublease income (394 ) Total (1) $ 2,527 (1) The Company's short term and variable lease expenses were minimal.
Schedule of Weighted Average Information	Weighted average remaining lease terms and discount rates were as follows: Three Months Ended February 2, 2020 Weighted average remaining lease term (years) 8.3 Weighted average discount rate 6.3 %
Schedule of Operating Lease Maturities, Topic 842	Maturities of operating lease liabilities as of February 2, 2020 were as follows (in thousands): Fiscal Year: Amount Remainder of 2020 $ 8,434 2021 8,922 2022 7,363 2023 6,411 2024 5,572 2025 5,255 Thereafter 22,894 Total future lease payments $ 64,851 Less: Imputed interest 15,035 Total operating lease liabilities $ 49,816
Schedule of Operating Lease Maturities, Topic 840	Maturities of operating leases accounted for under ASC 840 as of fiscal year-end 2019 were as follows (in thousands): Fiscal Year: Amount 2020 $ 11,782 2021 9,287 2022 7,457 2023 6,328 2024 5,486 Thereafter 28,422 Total $ 68,762

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Feb. 02, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Segment Revenues Disaggregated by Service Type	The following table presents our segment revenues disaggregated by service type (in thousands): Three Months Ended February 2, 2020 Segment Total North American Staffing International Staffing North American MSP Corporate and Other Eliminations Service Revenues: Staffing Services $ 210,043 $ 180,863 $ 23,607 $ 5,794 $ 203 $ (424 ) Direct Placement Services 3,217 1,532 1,008 677 — — Managed Service Programs 4,506 — 1,608 2,898 — — $ 217,766 $ 182,395 $ 26,223 $ 9,369 $ 203 $ (424 ) Geographical Markets: Domestic $ 190,683 $ 181,768 $ — $ 9,318 $ — $ (403 ) International 27,083 627 26,223 51 203 (21 ) $ 217,766 $ 182,395 $ 26,223 $ 9,369 $ 203 $ (424 ) Three Months Ended January 27, 2019 Segment Total North American Staffing International Staffing North American MSP Corporate and Other (1) Eliminations Service Revenues: Staffing Services $ 238,733 $ 209,634 $ 24,633 $ 4,609 $ 172 $ (315 ) Direct Placement Services 3,353 2,214 863 702 — (426 ) Managed Service Programs 3,676 — 770 2,906 — — Call Center Services 7,674 — — — 7,674 — $ 253,436 $ 211,848 $ 26,266 $ 8,217 $ 7,846 $ (741 ) Geographical Markets: Domestic $ 226,154 $ 211,108 $ — $ 8,092 $ 7,674 $ (720 ) International 27,282 740 26,266 125 172 (21 ) $ 253,436 $ 211,848 $ 26,266 $ 8,217 $ 7,846 $ (741 ) (1) Includes the revenues from Volt's Customer Care Solutions business through the time of exit in June 2019

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Feb. 02, 2020
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss for the three months ended February 2, 2020 were (in thousands): Foreign Currency Translation Accumulated other comprehensive loss at beginning of the period $ (6,801 ) Other comprehensive income 364 Accumulated other comprehensive loss at February 2, 2020 $ (6,437 )

Debt (Tables)

Debt (Tables)	3 Months Ended
	Feb. 02, 2020
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following (in thousands): February 2, 2020 November 3, 2019 Financing programs $ 55,000 $ 55,000 Less: Deferred financing fees 1,169 1,106 Total long-term debt, net $ 53,831 $ 53,894

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Feb. 02, 2020
Earnings Per Share [Abstract]
Summary of Basic and Diluted Net Loss per Share	Basic and diluted net loss per share are calculated as follows (in thousands, except per share amounts): Three Months Ended February 2, 2020 January 27, 2019 Numerator Net loss $ (10,808 ) $ (3,215 ) Denominator Basic weighted average number of shares 21,416 21,080 Diluted weighted average number of shares 21,416 21,080 Net loss per share: Basic $ (0.50 ) $ (0.15 ) Diluted $ (0.50 ) $ (0.15 )

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	3 Months Ended
	Feb. 02, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Share-Based Payment Award Activity	The following tables summarize the activities related to the Company’s share-based equity and liability awards for the three months ended February 2, 2020: Performance Share Units Number of Weighted Average Shares Grant Date Fair Value Outstanding at November 3, 2019 and February 2, 2020 376,986 $3.90 Restricted Stock Units Number of Weighted Average Shares Grant Date Fair Value Outstanding at November 3, 2019 667,082 $3.86 Forfeited (4,387 ) $3.80 Vested (9,485 ) $4.10 Outstanding at February 2, 2020 653,210 $3.86 Stock Options Number of Shares Weighted Average Exercise Price Weighted Average Contractual Life (in years) Aggregate Intrinsic Value (in thousands) Outstanding at November 3, 2019 603,484 $6.28 6.81 $— Expired (73,350 ) $9.28 — $— Outstanding at February 2, 2020 530,134 $5.86 6.97 $— Unvested at February 2, 2020 64,302 $4.18 7.94 $— Exercisable at February 2, 2020 465,832 $6.10 6.83 $—

Restructuring and Severance C_2

Restructuring and Severance Charges (Tables)	3 Months Ended
	Feb. 02, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Activity	Activity for the first three months of fiscal 2020 is summarized as follows (in thousands): February 2, 2020 Balance, beginning of year $ 3,845 Cease use liabilities transferred to ROU assets (1,964 ) Liability at November 4, 2019 1,881 Charged to expense 1,215 Cash payments (919 ) Ending Balance $ 2,177

Segment Data (Tables)

Segment Data (Tables)	3 Months Ended
	Feb. 02, 2020
Segment Reporting [Abstract]
Summary of Sales and Segment Operating Income (Loss) by Reportable Operating Segment	Financial data concerning the Company’s segment revenue and operating income (loss) as well as results from Corporate and Other are summarized in the following tables (in thousands): Three Months Ended February 2, 2020 Total North American Staffing International Staffing North American MSP Corporate and Other Eliminations Net revenue $ 217,766 $ 182,395 $ 26,223 $ 9,369 $ 203 $ (424 ) Cost of services 186,339 157,394 22,030 7,255 84 (424 ) Gross margin 31,427 25,001 4,193 2,114 119 — Selling, administrative and other operating costs 39,497 24,809 3,819 1,360 9,509 — Restructuring and severance costs 1,246 82 — — 1,164 — Impairment charge 11 11 — — — — Operating income (loss) (9,327 ) 99 374 754 (10,554 ) — Other income (expense), net (1,286 ) Income tax provision 195 Net loss $ (10,808 ) Three Months Ended January 27, 2019 Total North American Staffing International Staffing North American MSP Corporate and Other (1) Eliminations (2) Net revenue $ 253,436 $ 211,848 $ 26,266 $ 8,217 $ 7,846 $ (741 ) Cost of services 215,737 181,685 22,138 5,918 6,737 (741 ) Gross margin 37,699 30,163 4,128 2,299 1,109 — Selling, administrative and other operating costs 39,810 26,278 3,742 1,307 8,483 — Restructuring and severance costs 59 (2 ) 82 27 (48 ) — Operating income (loss) (2,170 ) 3,887 304 965 (7,326 ) — Other income (expense), net (772 ) Income tax provision 273 Net loss $ (3,215 ) (1) Revenues are primarily derived from Volt Customer Care Solutions business through June 7, 2019. (2) The majority of intersegment sales results from North American Staffing segment providing resources to Volt Customer Care Solutions business.

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Feb. 02, 2020	Jan. 27, 2019	Nov. 03, 2019	Nov. 04, 2019	Oct. 29, 2018
Lessee, Lease, Description [Line Items]
Right of use assets - operating leases	$ 45,158	$ 47,200
Lease liabilities	49,816	52,000
Cumulative effect adjustment of adopting ASU				$ 22,216	$ 426
Sale and leaseback of real estate, gain amortized per quarter	0	$ 486	$ 500
Operating lease costs	2,921
Cash paid, included in measurement of operating lease liabilities	2,900
ROU assets obtained in exchange for operating lease liabilities	$ 52,000
Retained Earnings | Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Cumulative effect adjustment of adopting ASU				$ 22,216
Minimum
Lessee, Lease, Description [Line Items]
Lease term		1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term		12 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) $ in Thousands	3 Months Ended
	Feb. 02, 2020USD ($)
Leases [Abstract]
Operating lease expense	$ 2,921
Sublease income	(394)
Lease, Cost	$ 2,527

Leases - Weighted Average Lease

Leases - Weighted Average Lease Information (Details)	Feb. 02, 2020
Leases [Abstract]
Weighted average remaining lease term (years)	8 years 3 months 18 days
Weighted average discount rate	6.30%

Leases - Lease Maturities (Deta

Leases - Lease Maturities (Details) - USD ($) $ in Thousands	Feb. 02, 2020	Nov. 03, 2019	Jan. 27, 2019
Fiscal Year, After Adoption of Topic 842
Remainder of 2020	$ 8,434
2021	8,922
2022	7,363
2023	6,411
2024	5,572
2025	5,255
Thereafter	22,894
Total future lease payments	64,851
Less: Imputed interest	15,035
Total operating lease liabilities	$ 49,816		$ 52,000
Fiscal Year, Before Adoption of Topic 842
2020		$ 11,782
2021		9,287
2022		7,457
2023		6,328
2024		5,486
Thereafter		28,422
Total		$ 68,762

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	Feb. 02, 2020	Nov. 03, 2019
Revenue from Contract with Customer [Abstract]
Contract assets	$ 0	$ 0
Long-term contract liabilities	$ 0	$ 0

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregation of Revenue, by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 02, 2020	Jan. 27, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 217,766	$ 253,436
Domestic
Disaggregation of Revenue [Line Items]
Revenues	190,683	226,154
International
Disaggregation of Revenue [Line Items]
Revenues	27,083	27,282
Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	210,043	238,733
Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	3,217	3,353
Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	4,506	3,676
Call Center Services
Disaggregation of Revenue [Line Items]
Revenues		7,674
Operating Segments | North American Staffing
Disaggregation of Revenue [Line Items]
Revenues	182,395	211,848
Operating Segments | North American Staffing | Domestic
Disaggregation of Revenue [Line Items]
Revenues	181,768	211,108
Operating Segments | North American Staffing | International
Disaggregation of Revenue [Line Items]
Revenues	627	740
Operating Segments | North American Staffing | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	180,863	209,634
Operating Segments | North American Staffing | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	1,532	2,214
Operating Segments | North American Staffing | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	0	0
Operating Segments | North American Staffing | Call Center Services
Disaggregation of Revenue [Line Items]
Revenues		0
Operating Segments | International Staffing
Disaggregation of Revenue [Line Items]
Revenues	26,223	26,266
Operating Segments | International Staffing | Domestic
Disaggregation of Revenue [Line Items]
Revenues	0	0
Operating Segments | International Staffing | International
Disaggregation of Revenue [Line Items]
Revenues	26,223	26,266
Operating Segments | International Staffing | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	23,607	24,633
Operating Segments | International Staffing | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	1,008	863
Operating Segments | International Staffing | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	1,608	770
Operating Segments | International Staffing | Call Center Services
Disaggregation of Revenue [Line Items]
Revenues		0
Operating Segments | North American MSP
Disaggregation of Revenue [Line Items]
Revenues	9,369	8,217
Operating Segments | North American MSP | Domestic
Disaggregation of Revenue [Line Items]
Revenues	9,318	8,092
Operating Segments | North American MSP | International
Disaggregation of Revenue [Line Items]
Revenues	51	125
Operating Segments | North American MSP | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	5,794	4,609
Operating Segments | North American MSP | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	677	702
Operating Segments | North American MSP | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	2,898	2,906
Operating Segments | North American MSP | Call Center Services
Disaggregation of Revenue [Line Items]
Revenues		0
Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	203	7,846
Corporate and Other | Domestic
Disaggregation of Revenue [Line Items]
Revenues	0	7,674
Corporate and Other | International
Disaggregation of Revenue [Line Items]
Revenues	203	172
Corporate and Other | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	203	172
Corporate and Other | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	0	0
Corporate and Other | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	0	0
Corporate and Other | Call Center Services
Disaggregation of Revenue [Line Items]
Revenues		7,674
Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(424)	(741)
Eliminations | Domestic
Disaggregation of Revenue [Line Items]
Revenues	(403)	(720)
Eliminations | International
Disaggregation of Revenue [Line Items]
Revenues	(21)	(21)
Eliminations | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	(424)	(315)
Eliminations | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	0	(426)
Eliminations | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	$ 0	0
Eliminations | Call Center Services
Disaggregation of Revenue [Line Items]
Revenues		$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of Changes in AOCL (Details) $ in Thousands	3 Months Ended
	Feb. 02, 2020USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
BEGINNING BALANCE	$ 36,189
ENDING BALANCE	48,465
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
BEGINNING BALANCE	(6,801)
ENDING BALANCE	(6,437)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income	$ 364

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Narrative (Details) - USD ($)	3 Months Ended
	Feb. 02, 2020	Jan. 27, 2019
Equity [Abstract]
Reclassifications from accumulated other comprehensive loss	$ 0	$ 0

Restricted Cash and Short-Ter_2

Restricted Cash and Short-Term Investments - Narrative (Details) - USD ($) $ in Millions	Feb. 02, 2020	Nov. 03, 2019
Restricted cash and short-term investments
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term investments	$ 2.7	$ 3
Short-Term Credit Facility | Restricted cash and short-term investments
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted as collateral	0.5	0.5
Associated Vendors
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 5.2	$ 9.3

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 02, 2020	Jan. 27, 2019
Income Tax Disclosure [Abstract]
Income tax provision	$ 195	$ 273

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Mar. 11, 2020	Jan. 14, 2020	Nov. 01, 2020	Feb. 02, 2020	Jan. 27, 2019	Aug. 02, 2020	Nov. 03, 2019	Jul. 19, 2019
Extinguishment of Debt [Line Items]
Approximate weekly employee compensation, payroll taxes and payments to vendors				$ 18,000,000
DZ Financing Program
Extinguishment of Debt [Line Items]
Accounts receivable securitization program, maximum investment limit								$ 115,000,000
Covenant, minimum tangible net worth, through fiscal 2019 (at least)							$ 30,000,000
Covenant, minimum tangible net worth				$ 40,000,000
Covenant, maximum debt to tangible net worth ratio				3
Covenant, minimum liquid assets				$ 15,000,000
Borrowing availability				11,300,000
Long-term debt				$ 55,000,000	$ 55,000,000
Interest rate during period				3.50%	4.10%
DZ Financing Program | Subsequent Event
Extinguishment of Debt [Line Items]
Covenant, minimum tangible net worth	$ 40,000,000
DZ Financing Program | Subsequent Event | Forecast
Extinguishment of Debt [Line Items]
Covenant, minimum tangible net worth			$ 40,000,000			$ 35,000,000
DZ Financing Program | Short Term Financing Program
Extinguishment of Debt [Line Items]
Line of credit, amount outstanding				$ 22,800,000
Long-term debt				55,000,000			$ 55,000,000
DZ Financing Program | Letter of Credit
Extinguishment of Debt [Line Items]
Borrowing capacity of facility		$ 35,000,000
Line of credit, amount outstanding				24,200,000
DZ Financing Program | Letter of Credit, Security Deposit
Extinguishment of Debt [Line Items]
Line of credit, amount outstanding				1,200,000
DZ Financing Program | Letter of Credit, Credit Card Program
Extinguishment of Debt [Line Items]
Line of credit, amount outstanding				$ 200,000
DZ Financing Program | Federal Funds Rate | Letter of Credit
Extinguishment of Debt [Line Items]
Basis spread on variable rate		3.00%
DZ Financing Program | Prime Rate | Letter of Credit
Extinguishment of Debt [Line Items]
Basis spread on variable rate		2.50%
Minimum
Extinguishment of Debt [Line Items]
Target liquidity ratio				1.5
Minimum | DZ Financing Program
Extinguishment of Debt [Line Items]
Additional borrowing capacity of facility								5,000,000
Maximum | DZ Financing Program
Extinguishment of Debt [Line Items]
Additional borrowing capacity of facility								$ 7,000,000

Debt - Schedule of Long-Term D

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Feb. 02, 2020	Nov. 03, 2019	Jan. 27, 2019
Less:
Total long-term debt, net	$ 53,831	$ 53,894
DZ Financing Program
Extinguishment of Debt [Line Items]
Financing programs	55,000		$ 55,000
Short Term Financing Program | DZ Financing Program
Extinguishment of Debt [Line Items]
Financing programs	55,000	55,000
Less:
Deferred financing fees	1,169	1,106
Total long-term debt, net	$ 53,831	$ 53,894

Earnings (Loss) Per Share - Su

Earnings (Loss) Per Share - Summary of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 02, 2020	Jan. 27, 2019
Numerator
Net loss	$ (10,808)	$ (3,215)
Denominator
Basic weighted average number of shares (shares)	21,416	21,080
Dilutive weighted average number of shares (shares)	21,416	21,080
Net loss per share:
Basic (usd per share)	$ (0.50)	$ (0.15)
Diluted (usd per share)	$ (0.50)	$ (0.15)

Earnings (Loss) Per Share - Na

Earnings (Loss) Per Share - Narrative (Details) - shares	3 Months Ended
	Feb. 02, 2020	Jan. 27, 2019
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (shares)	653,210	445,389
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (shares)	530,135	1,371,856
Performance Share Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (shares)	376,986	218,097

Share-Based Compensation Plan_2

Share-Based Compensation Plans - Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Feb. 02, 2020USD ($)daymultipliershares	Jan. 27, 2019USD ($)	Nov. 03, 2019USD ($)$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 0.5	$ 0.1
Total unrecognized compensation cost	$ 2
Weighted average vesting period	1 year 10 months 30 days
Compensation cost not yet recognized, expected in 2020	$ 1.2
Compensation cost not yet recognized, expected in 2021	0.6
Compensation cost not yet recognized, expected in 2022	$ 0.2
Equity Awards, Performance Shares (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Fair value of grants in period	$ 1.2
Equity Awards, Performance Shares (PSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, payout percentage	0.00%
Equity Awards, Performance Shares (PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, payout percentage	150.00%
Equity Awards, Performance Shares (PSUs) | Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Equity Awards, Performance Shares (PSUs) | Vesting Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years
Equity Awards, Performance Shares (PSUs) | Vesting Period Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Equity Awards, Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Fair value of grants in period	$ 2.1
Equity Awards, Restricted Stock Units (RSUs) | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Equity Awards, Restricted Stock Units (RSUs) | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Liability Awards, Performance Shares (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of grants in period	$ 0.1
Equity instruments other than options, average stock price prior to end of vesting period, number of trading days | day	20
Maximum multiplier for closing stock price on grant date | multiplier	2
Liability Awards, Performance Shares (PSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, payout percentage	0.00%
Liability Awards, Performance Shares (PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, payout percentage	200.00%
Liability Awards, Performance Shares (PSUs) | Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Liability Awards, Performance Shares (PSUs) | Vesting Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years
Liability Awards, Performance Shares (PSUs) | Vesting Period Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Liability Awards, Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Fair value of grants in period	$ 0.5
Maximum multiplier for closing stock price on grant date | multiplier	2
Liability Awards, Phantom Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Fair value of grants in period	$ 0.1		$ 0.3
Weighted average grant date fair value (usd per share) | $ / shares			$ 4.35
Outstanding (shares) | shares	5,465

Share-Based Compensation Plan_3

Share-Based Compensation Plans - Schedule of Transactions Involving Outstanding Non-Options Awards (Details)	3 Months Ended
	Feb. 02, 2020$ / sharesshares
Equity and Liability Awards, Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of shares, Outstanding Ending balance (shares) | shares	376,986
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted average grant date fair value, Outstanding (usd per share) | $ / shares	$ 3.90
Equity and Liability Awards, Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of shares, Outstanding Beginning balance (shares) | shares	667,082
Number of shares, Forfeited (shares) | shares	(4,387)
Number of shares, Vested (shares) | shares	(9,485)
Number of shares, Outstanding Ending balance (shares) | shares	653,210
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted average grant date fair value, Outstanding (usd per share) | $ / shares	$ 3.86
Weighted average grant date fair value, Forfeited (usd per share) | $ / shares	3.80
Weighted average grant date fair value, Vested (usd per share) | $ / shares	4.10
Weighted average grant date fair value, Outstanding (usd per share) | $ / shares	$ 3.86

Share-Based Compensation Plan_4

Share-Based Compensation Plans - Schedule of Transactions Involving Outstanding Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Feb. 02, 2020	Nov. 03, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of shares, Outstanding Beginning balance (shares)	603,484
Number of shares, Expired (shares)	(73,350)
Number of shares, Outstanding Ending balance (shares)	530,134	603,484
Number of shares, Unvested (shares)	64,302
Number of shares, Exercisable (shares)	465,832
Share-based Payment Arrangement, Option, Exercise Price Range, End of Period [Abstract]
Weighted average exercise price, Outstanding Beginning balance (usd per share)	$ 6.28
Weighted average exercise price, Expired (usd per share)	9.28
Weighted average exercise price, Outstanding Ending balance (usd per share)	5.86	$ 6.28
Weighted average exercise price, Unvested (usd per share)	4.18
Weighted average exercise price, Exercisable (usd per share)	$ 6.10
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Contractual Life (in years), Outstanding	6 years 11 months 19 days	6 years 9 months 22 days
Weighted Average Contractual Life (in years), Unvested	7 years 11 months 9 days
Weighted Average Contractual Life (in years), Exercisable	6 years 9 months 29 days
Aggregate Intrinsic Value (in thousands), Outstanding	$ 0	$ 0
Aggregate Intrinsic Value (in thousands), Unvested	0
Aggregate Intrinsic Value (in thousands), Exercisable	$ 0

Restructuring and Severance C_3

Restructuring and Severance Charges - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended					6 Months Ended		9 Months Ended
	Feb. 02, 2020	Feb. 02, 2020	Nov. 03, 2019	Jan. 27, 2019	Jul. 29, 2018	Nov. 03, 2019	Apr. 28, 2019	Nov. 01, 2020	Jul. 28, 2019	Nov. 04, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	$ 1,246	$ 1,215		$ 59
Anticipated payments for restructuring		919
Reclassified as a reduction to related ROU asset										$ 1,964
Restructuring costs	2,177	2,177	$ 3,845			$ 3,845				$ 1,881
Severance and Benefit Costs | Former Chief Executive Officer
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs					$ 2,600
Restructuring costs, payment period					24 months
Severance and Benefit Costs | Former Chief Financial Officer
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs			$ 900
Restructuring costs, payment period			12 months
Executive Management Change
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1,000	1,000
2020 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	1,100
Restructuring costs	1,100	1,100
2020 Plan | Forecast
Restructuring Cost and Reserve [Line Items]
Anticipated payments for restructuring								$ 1,100
2018 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs									$ 5,500
Restructuring costs	100	$ 100
2018 Plan | Forecast
Restructuring Cost and Reserve [Line Items]
Anticipated payments for restructuring								$ 100
Operating Segments | North American Staffing
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	82			(2)
Operating Segments | International Staffing
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	0			82
Operating Segments | 2020 Plan | North American Staffing
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	100
Operating Segments | 2018 Plan | North American Staffing
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs							$ 1,100
Operating Segments | 2018 Plan | International Staffing
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs							400
Corporate and Other
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	1,164			$ (48)
Corporate and Other | Severance and Benefit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs						$ 2,100
Corporate and Other | 2020 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	$ 1,000
Corporate and Other | 2018 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs							$ 4,000

Restructuring and Severance C_4

Restructuring and Severance Charges - Summary of Accrued Restructuring and Severance Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 02, 2020	Feb. 02, 2020	Jan. 27, 2019	Nov. 04, 2019
Restructuring Reserve [Roll Forward]
Balance, beginning of year	$ 3,845	$ 1,881
Cease use liabilities transferred to ROU assets				$ (1,964)
Charged to expense	1,246	1,215	$ 59
Cash payments		(919)
Ending Balance	$ 2,177	$ 2,177

Segment Data - Summary of Sales

Segment Data - Summary of Sales and Segment Operating Income (Loss) by Reportable Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 02, 2020	Feb. 02, 2020	Jan. 27, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	$ 217,766		$ 253,436
Cost of services	186,339		215,737
GROSS MARGIN	31,427		37,699
Selling, administrative and other operating costs	39,497		39,810
Restructuring and severance costs	1,246	$ 1,215	59
Impairment charge	11		0
Operating income (loss)	(9,327)		(2,170)
Other income (expense), net	(1,286)		(772)
Income tax provision	195		273
NET LOSS	(10,808)		(3,215)
Operating Segments | North American Staffing
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	182,395		211,848
Cost of services	157,394		181,685
GROSS MARGIN	25,001		30,163
Selling, administrative and other operating costs	24,809		26,278
Restructuring and severance costs	82		(2)
Impairment charge	11
Operating income (loss)	99		3,887
Operating Segments | International Staffing
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	26,223		26,266
Cost of services	22,030		22,138
GROSS MARGIN	4,193		4,128
Selling, administrative and other operating costs	3,819		3,742
Restructuring and severance costs	0		82
Impairment charge	0
Operating income (loss)	374		304
Operating Segments | North American MSP
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	9,369		8,217
Cost of services	7,255		5,918
GROSS MARGIN	2,114		2,299
Selling, administrative and other operating costs	1,360		1,307
Restructuring and severance costs	0		27
Impairment charge	0
Operating income (loss)	754		965
Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	203		7,846
Cost of services	84		6,737
GROSS MARGIN	119		1,109
Selling, administrative and other operating costs	9,509		8,483
Restructuring and severance costs	1,164		(48)
Impairment charge	0
Operating income (loss)	(10,554)		(7,326)
Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	(424)		(741)
Cost of services	(424)		(741)
GROSS MARGIN	0		0
Selling, administrative and other operating costs	0		0
Restructuring and severance costs	0		0
Impairment charge	0
Operating income (loss)	$ 0		$ 0

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - DZ Financing Program - USD ($)	Mar. 11, 2020	Nov. 01, 2020	Feb. 02, 2020	Aug. 02, 2020
Subsequent Event [Line Items]
Covenant, minimum tangible net worth			$ 40,000,000
Subsequent Event
Subsequent Event [Line Items]
Covenant, minimum tangible net worth	$ 40,000,000
Forecast | Subsequent Event
Subsequent Event [Line Items]
Covenant, minimum tangible net worth		$ 40,000,000		$ 35,000,000

Uncategorized Items - visi-2020

Label	Element	Value
Accounting Standards Update 2014-09 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 426,000