Joy Global 10-K 22 Dec 09 2009 FY Annual report Financial data

Document and Company Informatio

Document and Company Information (USD $)
In Billions, except Share data	12 Months Ended Oct. 30, 2009	Dec. 16, 2009	May. 01, 2009
Document and Company Information [Abstract]
Entity Registrant Name	JOY GLOBAL INC
Entity Central Index Key	0000801898
Document Type	10-K
Document Period End Date	2009-10-30
Amendment Flag	false
Current Fiscal Year End Date	--10-30
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			2.8
Entity Common Stock, Shares Outstanding (actual number)		102,514,419

Consolidated Statement of Incom

Consolidated Statement of Income (USD $)
In Thousands, except Per Share data	12 Months Ended Oct. 30, 2009	12 Months Ended Oct. 31, 2008	12 Months Ended Oct. 26, 2007
Net sales	$3,598,314	$3,418,934	$2,547,322
Cost of sales	2,445,514	2,428,929	1,720,634
Product development, selling and administrative expenses	454,522	441,527	358,538
Other income	(4,034)	(2,726)	(5,125)
Operating income	702,312	551,204	473,275
Interest income	7,485	12,539	6,965
Interest expense	(32,217)	(34,237)	(31,909)
Reorganization items	5,060	(2,419)	728
Income from continuing operations before income taxes	682,640	527,087	449,059
Provision for income taxes	(227,990)	(153,950)	(169,275)
Income from continuing operations	454,650	373,137	279,784
Income from discontinued operations, net of income taxes	0	1,141	0
Net income	$454,650	$374,278	$279,784
Basic earnings per share:
Income from continuing operations	4.44	3.47	2.54
Income from discontinued operations	$0	0.01	$0
Net income	4.44	3.48	2.54
Diluted earnings per share:
Income from continuing operations	4.41	3.44	2.51
Income from discontinued operations	$0	0.01	$0
Net income	4.41	3.45	2.51
Dividends per share	0.7	0.625	0.6
Weighted average shares outstanding:
Basic	102,450	107,472	110,354
Diluted	103,104	108,425	111,630

Consolidated Balance Sheet

Consolidated Balance Sheet (USD $)
In Thousands	Oct. 30, 2009	Oct. 31, 2008
Current Assets:
Cash and cash equivalents	$471,685	$201,575
Accounts receivable, net	580,629	632,194
Inventories	769,783	805,244
Other current assets	127,930	99,116
Total Current Assets	1,950,027	1,738,129
Property, Plant and Equipment:
Land and improvements	24,971	23,395
Buildings	119,654	94,220
Machinery and equipment	455,894	385,656
Total Property, Plant and Equipment, before depreciation	600,519	503,271
Accumulated depreciation	(253,461)	(214,270)
Total Property, Plant and Equipment	347,058	289,001
Other Assets:
Other intangible assets, net	187,037	195,033
Goodwill	127,732	124,994
Deferred income taxes	332,474	255,313
Other non-current assets	63,951	41,843
Total Other Assets	711,194	617,183
Total Assets	3,008,279	2,644,313
Current Liabilities:
Short-term notes payable, including current portion of long-term obligations	19,791	26,460
Trade accounts payable	206,770	291,779
Employee compensation and benefits	116,149	110,007
Advance payments and progress billings	321,629	491,675
Accrued warranties	58,947	46,621
Other accrued liabilities	203,498	173,809
Total Current Liabilities	926,784	1,140,351
Long-term Obligations	523,890	540,967
Other Non-current Liabilities:
Liability for postretirement benefits	27,817	31,322
Accrued pension costs	576,140	286,057
Other	139,909	113,142
Total Other Non-current Liabilities	743,866	430,521
Shareholders' Equity:
Common stock, $1 par value (authorized 150,000,000 shares; 126,285,641 and 125,972,010 shares issued at October 30, 2009 and October 31, 2008, respectively.)	126,286	125,972
Capital in excess of par value	943,046	904,642
Retained earnings	1,333,254	950,697
Treasury stock (23,873,159 and 23,264,439 shares, respectively)	(1,116,623)	(1,102,917)
Accumulated other comprehensive loss	(472,224)	(345,920)
Total Shareholders' Equity	813,739	532,474
Total Liabilities and Shareholders' Equity	$3,008,279	$2,644,313

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) (USD $)
	Oct. 30, 2009	Oct. 31, 2008
Shareholders' Equity:
Common stock par value	1	1
Common stock,shares authorised	150,000,000	150,000,000
Common stock,shares issued	126,285,641	125,972,010
Treasury stock, shares	23,873,159	23,264,439

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (USD $)
In Thousands	12 Months Ended Oct. 30, 2009	12 Months Ended Oct. 31, 2008	12 Months Ended Oct. 26, 2007
Operating Activities:
Net income	$454,650	$374,278	$279,784
Add (deduct) - items not affecting cash:
Gain on sale of discontinued operations	0	(1,141)	0
Depreciation and amortization	58,570	71,423	48,806
Increase (decrease) in deferred income taxes, net of change in valuation allowance	(2,144)	(17,486)	101,963
Change in long-term accrued pension costs	(10,602)	(38,950)	23,718
Other, net	3,096	(7,285)	(18,282)
Changes in Working Capital Items:
Decrease (Increase) in accounts receivable, net	108,859	(43,973)	(93,902)
Decrease (Increase) in inventories	77,872	(136,646)	(73,279)
Decrease (increase) in other current assets	20,005	(47,876)	2,158
(Decrease) increase in trade accounts payable	(101,455)	81,905	(11,532)
Increase (decrease) in employee compensation and benefits	1,033	49,037	(24,234)
(Decrease) increase in advance payments and progress billings	(210,276)	214,527	121,996
Increase in other accrued liabilities	52,353	79,472	24,798
Net cash provided by operating activities	451,961	577,285	381,994
Investment Activities:
Acquisition of businesses, net of cash acquired	(11,184)	(255,574)	(13,186)
Property, plant and equipment acquired	(94,128)	(84,205)	(51,194)
Proceeds from sale of property, plant and equipment	1,779	2,184	1,760
Other, net	(481)	8,930	299
Net cash used by investment activities	(104,014)	(328,665)	(62,321)
Financing Activities:
Share-based payment awards	3,953	30,341	19,038
Dividends paid	(71,596)	(67,426)	(66,158)
Issuance of senior notes	0	0	394,874
(Decrease) increase in short-term notes payable	(7,343)	4,697	(4,791)
(Payments) borrowings on long-term obligations, net	(18,869)	160,946	(97,439)
Financing fees	0	(1,495)	(976)
Purchase of treasury stock	(13,706)	(307,706)	(499,673)
Net cash used by financing activities	(107,561)	(180,643)	(255,125)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	29,724	(39,650)	7,446
Increase in Cash and Cash Equivalents	270,110	28,327	71,994
Cash and Cash Equivalents at Beginning of Year	201,575	173,248	101,254
Cash and Cash Equivalents at End of Year	471,685	201,575	173,248
Supplemental cash flow information:
Interest paid	31,233	31,564	20,461
Income taxes paid	$194,341	$110,050	$69,948

Consolidated Statement of Share

Consolidated Statement of Shareholders Equity (USD $)
In Thousands	Common Stock	Excess of Par Value	Treasury Stock	Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning Balance, shares at Oct. 28, 2006	123,689
Beginning Balance at Oct. 28, 2006	$123,689	$847,475	($295,538)	$431,310	($187,307)	$919,629
Comprehensive income (loss):
Net income				279,784		279,784
Change in pension liability, net of taxes					163,975	163,975
Derivative instrument fair market value adjustment, net of taxes					2,285	2,285
Currency translation adjustment					43,781	43,781
Impact of FAS No. 158 adoption, net of taxes					(136,381)	(136,381)
Treasury stock purchased			(499,673)			(499,673)
Stock based compensation expense		10,647				10,647
Deferred tax adjustment		513				513
Dividends		522		(66,680)		(66,158)
Issuance of performance units, deferred performance units and restricted stock	441	(13,977)				(13,536)
Issuance of performance units, deferred performance units and restricted stock, shares	441
Exercise of stock options	776	11,160				11,936
Exercise of stock options, shares	776
Tax benefit from share based payment awards		7,192				7,192
Ending Balance at Oct. 26, 2007	124,906	863,532	(795,211)	644,414	(113,647)	723,994
Ending Balance, shares at Oct. 26, 2007	124,906
Comprehensive income (loss):
Net income				374,278		374,278
Change in pension liability, net of taxes					(87,859)	(87,859)
Derivative instrument fair market value adjustment, net of taxes					(23,454)	(23,454)
Currency translation adjustment					(120,960)	(120,960)
Treasury stock purchased			(307,706)			(307,706)
Stock based compensation expense		13,738				13,738
Dividends		356		(67,782)		(67,426)
Issuance of performance units, deferred performance units and restricted stock	202	(2,463)				(2,261)
Issuance of performance units, deferred performance units and restricted stock, shares	202
Exercise of stock options	864	17,468				18,332
Exercise of stock options, shares	864
Tax benefit from share based payment awards		12,011				12,011
Impact of FIN 48 adoption				(213)		(213)
Ending Balance at Oct. 31, 2008	125,972	904,642	(1,102,917)	950,697	(345,920)	532,474
Ending Balance, shares at Oct. 31, 2008	125,972
Comprehensive income (loss):
Net income				454,650		454,650
Change in pension liability, net of taxes					(222,696)	(222,696)
Derivative instrument fair market value adjustment, net of taxes					19,412	19,412
Currency translation adjustment					76,980	76,980
Treasury stock purchased			(13,706)			(13,706)
Stock based compensation expense		18,676				18,676
Deferred tax adjustment		10,491				10,491
Dividends		497		(72,093)		(71,596)
Issuance of performance units, deferred performance units and restricted stock	154	(2,220)				(2,066)
Issuance of performance units, deferred performance units and restricted stock, shares	154
Exercise of stock options	160	2,620				2,780
Exercise of stock options, shares	160
Tax benefit from share based payment awards		8,340				8,340
Ending Balance at Oct. 30, 2009	$126,286	$943,046	($1,116,623)	$1,333,254	($472,224)	$813,739
Ending Balance, shares at Oct. 30, 2009	126,286

1_Consolidated Statement of Sha

Consolidated Statement of Shareholders Equity (Parenthetical) (USD $)
	Excess of Par Value	Earnings	Total
Dividend per share	0.6	0.6	0.6
Dividend per share	0.625	0.625	0.625
Dividend per share	0.7	0.7	0.7

Description of Business

Description of Business
	12 Months Ended Oct. 30, 2009 USD / shares
Description of Business [Abstract]
Description of Business	1. Description of Business Joy Global Inc. is a leading manufacturer and servicer of high-productivity mining equipment for the extraction of coal and other minerals and ores. Our equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands and other minerals. We operate in three business segments: Underground Mining Machinery (Joy Mining Machinery or Joy); Surface Mining Equipment (PH Mining Equipment or PH); and Crushing Conveying (CCC). Joy is a major manufacturer of underground mining equipment for the extraction of coal and other bedded minerals and offers comprehensive service locations near major mining regions worldwide. PH is a major producer of surface mining equipment for the extraction of ores and minerals and provides extensive operational support for many types of equipment used in surface mining. CCC is a worldwide leader in conveyor systems for bulk material handling in mining and industrial applications and both surface and underground crushing equipment.

Significant Accounting Policies

Significant Accounting Policies
	12 Months Ended Oct. 30, 2009 USD / shares
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Our significant accounting policies are as follows: Basis of Presentation and Principles of Consolidation The Consolidated Financial Statements are presented in accordance with accounting principles generally accepted in the United States (GAAP). The Consolidated Financial Statements include the accounts of Joy Global Inc. and our subsidiaries, all of which are wholly owned. All significant intercompany balances and transactions have been eliminated. Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Ultimate realization of assets and settlement of liabilities in the future could differ from those estimates. Cash Equivalents All highly liquid investments with original maturities of three months or less when issued are considered cash equivalents. These primarily consist of money market funds and to a lesser extent, certificates of deposit and commercial paper. Cash equivalents were $201.7million and $65.8million at October30, 2009 and October31, 2008, respectively. Inventories Our inventories are carried at the lower of cost or net realizable value using the first-in, first-out (FIFO) method for all inventories. We evaluate the need to record adjustments for inventory on a regular basis. Our policy is to evaluate all inventories including raw material, work-in-process, finished goods, and spare parts. Inventory in excess of our estimated usage requirements is written down to its estimated net realizable value. Inherent in the estimates of net realizable value are estimates related to our future manufacturing schedules, customer demand, possible alternative uses and ultimate realization of potentially excess inventory. Property, Plant and Equipment Property, plant and equipment are stated at historical cost. Expenditures for major renewals and improvements are capitalized, while maintenance and repair costs that do not significantly improve the related asset or extend its useful life are charged to expense as incurred. For financial reporting purposes, plant and equipment are depreciated primarily by the straight-line method over the estimated useful lives of the assets which generally range from 5 to 20years for improvements, from 20 to 50years for buildings, from 3 to 15years for machinery and equipment and 3 to 5years for software. Depreciation expense was $49.3million, $48.8million and $39.9million for fiscal 2009, 2008, and 2007, respectively. Depreciation claimed for income tax purposes is computed by accelerated methods. Impairment of Long-Lived Assets We assess the realizability of our held and used long-lived assets and to evaluate such assets for impairment whenever events or circumstances indicate that the carrying amount of such assets (or group of assets) may not be recoverable. Impairment is determined to exist if the estimated future undiscounted cash flows related to such assets are less than the carrying va

Goodwill and Intangible Assets

Goodwill and Intangible Assets
	12 Months Ended Oct. 30, 2009 USD / shares
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	3. Goodwill and Intangible Assets The gross carrying amount and accumulated amortization of our intangible assets other than goodwill as of October30, 2009 and October31, 2008, were as follows: Weighted October 30, 2009 October 31, 2008 Average Gross Gross Amortization Carrying Accumulated Carrying Accumulated In thousands Period Amount Amortization Amount Amortization Finite lived other intangible assets: Engineering drawings 6 years $ 2,900 $ (1,571 ) $ 2,900 $ (1,088 ) Customer relationships 20 years 105,200 (12,754 ) 105,200 (7,127 ) Backlog 1 year 16,389 (16,132 ) 15,089 (15,007 ) Non-compete agreements 5 years 5,800 (3,419 ) 5,800 (2,435 ) Patents 17 years 21,123 (6,851 ) 21,118 (5,853 ) Unpatented technology 31 years 1,235 (283 ) 1,236 (200 ) Subtotal 17 years 152,647 (41,010 ) 151,343 (31,710 ) Indefinite lived other intangible assets: Trademarks 75,400 75,400 Total other intangible assets $ 228,047 $ (41,010 ) $ 226,743 $ (31,710 ) Changes in the carrying amount of goodwill in fiscal 2009 are as follows: Underground Surface Mining Mining Crushing In thousands Machinery Equipment Conveying Consolidated Balance as of October26, 2007 $ 7,018 $ 9,766 $ $ 16,784 Goodwill acquired during the year 111,796 111,796 Translation adjustments (2,443 ) (1,143 ) (3,586 ) Balance as of October31, 2008 7,018 7,323 110,653 124,994 Goodwill acquired during the year 3,911 3,911 Translation adjustments and other (4,206 ) 2,535 498 (1,173 ) Balance as of October30, 2009 $ 6,723 $ 9,858 $ 111,151 $ 127,732 Amortization expense for finite-lived intangible assets was $9.3million, $16.2million and $8.9million, for fiscal 2009, 2008, and 2007, respectively. Estimated future annual amortization expense is as follows: In thousands For the fiscal year ending: 2010 $ 8,347 2011 8,015 2012 7,218 2013 6,489 2014 6,386

Borrowings and Credit Facilitie

Borrowings and Credit Facilities
	12 Months Ended Oct. 30, 2009 USD / shares
Borrowings and Credit Facilities [Abstract]
Borrowings and Credit Facilities	4. Borrowings and Credit Facilities We have a $400.0million unsecured revolving credit facility (Credit Agreement) which expires November10, 2011. Outstanding borrowings bear interest equal to the London Interbank Offered Rate (LIBOR) (defined as applicable LIBOR rate for the equivalent interest period plus 0.5% to 1.25%) or the Base Rate (defined as the higher of the Prime Rate or the Federal Funds Effective Rate plus 0.5%) at our option. We pay a commitment fee ranging from 0.125% to 0.25% on the unused portion of the revolving credit facility based on our credit rating. The Credit Agreement requires the maintenance of certain financial covenants including leverage and interest coverage. The Credit Agreement also restricts payments of dividends or other return of capital based on the consolidated leverage ratio. At October30, 2009, we were in compliance with all financial covenants in the Credit Agreement and had no restrictions on the payment of dividends or return of capital. At October30, 2009, there were no direct borrowings under the Credit Agreement. Outstanding letters of credit issued under the Credit Agreement, which count toward the $400.0million credit limit, totaled $156.1million. At October30, 2009, there was $243.9million available for borrowings under the Credit Agreement. . The Continental acquisition was funded in part through a new $175.0million term loan supplement to our existing Credit Agreement (Second Amendment). The Second Amendment calls for quarterly principal payments of 2.5% of the initial term loan through October31, 2011, at which time the remaining outstanding principal equal to 62.5% of the initial term loan is due. As of October30, 2009, $144.4million is outstanding on the term loan. Outstanding borrowings bear interest equal to the LIBOR rate which has a weighted average interest rate of 0.91%. As part of the Second Amendment, we have the option to request an increase to the term loan outstanding not to exceed $75.0million. No changes were made to existing financial covenants. In November2006, we issued $250.0million aggregate principal amount of 6.0% Senior Notes due 2016 and $150.0million aggregate principal amount of 6.625% Senior Notes due 2036 (Notes) with interest on the Notes being paid semi-annually in arrears on May15 and November15 of each year, starting on May15, 2007. The Notes are guaranteed by each of our current and future significant domestic subsidiaries. The Notes were issued in a private placement under an exemption from registration provided by the Securities Act of 1933 (Securities Act), as amended. In the second quarter of fiscal 2007, the Notes were exchanged for similar notes registered under the Securities Act. At our option, we may redeem some or all of the Notes at a redemption price of the greater of 100% of the principal amount of the Notes to be redeemed or the sum of the present values of the principal amounts and the remaining scheduled interest payments using a discount rate equal to the sum of a treasury rate of a comparable treasury issue plus 0.3% for the 2016 Notes and 0.375% for the 2036 Notes. Direct borrowings and capital lease obligations cons

Income Taxes

Income Taxes
	12 Months Ended Oct. 30, 2009 USD / shares
Income Taxes [Abstract]
Income Taxes	5. Income Taxes The provision for income taxes included in the Consolidated Statement of Income consisted of the following: In thousands 2009 2008 2007 Current provision Federal $ 106,304 $ 64,646 $ 17,247 State 19,056 15,843 9,930 Foreign 38,219 61,042 48,739 Total current 163,579 141,531 75,916 Deferred provision (benefit) Federal 51,538 18,057 82,741 State 128 52 Foreign 12,873 (5,766 ) 10,566 Total deferred 64,411 12,419 93,359 Total provision for income taxes $ 227,990 $ 153,950 $ 169,275 The Federal deferred provision includes $16.0million, $16.0million and $110.1million, respectively, of net operating losses used in fiscal 2009, 2008 and 2007, respectively. The foreign deferred provision includes $13.3million, $1.8million and $16.1million, respectively, of net operating losses used in fiscal 2009, 2008 and 2007, respectively. The Federal deferred provision also includes utilization of foreign tax credits of $12.2million in fiscal 2009. During fiscal 2009, we recognized $3.7million of current tax benefit relating to a tax holiday in China. The tax holiday will expire in 2012. The domestic and foreign components of income from continuing operations before income taxes were as follows: In thousands 2009 2008 2007 Domestic income $ 433,332 $ 324,053 $ 263,680 Foreign income 249,308 203,034 185,379 Pre-tax income from continuing operations $ 682,640 $ 527,087 $ 449,059 The reconciliation between the income tax provision recognized in our Consolidated Statement of Income and the income tax provision computed by applying the statutory Federal income tax rate to the income from continuing operations are as follows: In thousands 2009 2008 2007 Income tax computed at Federal statutory tax rate $ 238,924 $ 184,880 $ 157,170 Sub-part F income and foreign dividends 8,296 96,677 19,748 Differences in foreign and U.S. tax rates (20,456 ) (18,713 ) (13,858 ) State income taxes, net of Federal tax impact 12,394 11,581 4,101 Resolution of prior years tax issues (2,216 ) 11,049 1,890 Foreign tax credits and holidays (11,800 ) (139,512 ) Valuation allowance 671 (3,495 ) (1,281 ) Other items, net 2,177 11,483 1,505 $ 227,990 $ 153,950 $ 169,275 The components of the net deferred tax asset are as follows: In thousands 2009 2008 Deferred tax assets: Reserves not currently deductible $ $ 15,562 Employee benefit related items 238,646 156,248 Tax credit carryforwards

Accounts Receivable

Accounts Receivable
	12 Months Ended Oct. 30, 2009 USD / shares
Accounts Receivable [Abstract]
Accounts Receivable	6. Accounts Receivable Consolidated accounts receivable consisted of the following: October 30, October 31, In thousands 2009 2008 Trade receivables $ 538,669 $ 544,270 Unbilled receivables (due within one year) 52,648 92,760 Allowance for doubtful accounts (10,688 ) (4,836 ) $ 580,629 $ 632,194

Inventories

Inventories
	12 Months Ended Oct. 30, 2009 USD / shares
Inventories [Abstract]
Inventories	7. Inventories Consolidated inventories consisted of the following: October 30, October 31, In thousands 2009 2008 Finished goods $ 513,055 $ 552,692 Work-in-process and purchased parts 173,850 134,905 Raw materials 82,878 117,647 $ 769,783 $ 805,244

Warranties

Warranties
	12 Months Ended Oct. 30, 2009 USD / shares
Warranties [Abstract]
Warranties	8. Warranties We provide for the estimated costs that may be incurred under product warranties to remedy deficiencies of quality or performance of our products. These product warranties extend over either a specified period of time, units of production or machine hours depending upon the product subject to the warranty. We accrue a provision for estimated future warranty costs based upon the historical relationship of warranty costs to sales. We periodically review the adequacy of the accrual for product warranties and adjust the warranty percentage and accrued warranty reserve for actual experience as necessary. The following table reconciles the changes in the product warranty reserve: In thousands 2009 2008 Balance, beginning of year $ 46,621 $ 49,382 Accrual for warranty expensed during the year 41,517 31,748 Settlements made during the year (32,669 ) (31,665 ) Change in liability for pre-existing warranties during the year, including expirations 1,122 381 Effect of foreign currency translation 2,356 (5,986 ) Acquisitions 2,761 Balance, end of year $ 58,947 $ 46,621

Earnings Per Share

Earnings Per Share
	12 Months Ended Oct. 30, 2009 USD / shares
Earnings Per Share [Abstract]
Earnings Per Share	9. Earnings Per Share The following is a reconciliation of the numerators and denominators of basic and diluted earnings per share computations in accordance with ASC No.260: In thousands except per share amounts 2009 2008 2007 Numerator: Income from continuing operations $ 454,650 $ 373,137 $ 279,784 Income from discontinued operations 1,141 Net income $ 454,650 $ 374,278 $ 279,784 Denominator: Denominator for basic earnings per share - Weighted average shares 102,450 107,472 110,354 Effect of dilutive securities: Stock options, restricted stock units and performance shares 654 953 1,276 Denominator for diluted earnings per share - Adjusted weighted average shares and assumed conversions 103,104 108,425 111,630 Basic earnings per share Continuing operations $ 4.44 $ 3.47 $ 2.54 Discontinued operations .01 Net income $ 4.44 $ 3.48 $ 2.54 Diluted earnings per share Continuing operations $ 4.41 $ 3.44 $ 2.51 Discontinued operations .01 Net income $ 4.41 $ 3.45 $ 2.51

Retiree Benefits

Retiree Benefits
	12 Months Ended Oct. 30, 2009 USD / shares
Retiree Benefits [Abstract]
Retiree Benefits	10. Retiree Benefits Pension and Defined Contribution Benefit Plans The Company and its subsidiaries have defined benefit, defined contribution, and government mandated pension plans covering substantially all employees. Benefits from these plans are based on factors that include various combinations of years of service, fixed monetary amounts per year of service, employee compensation during the last years of employment, and the recipients social security benefit. Our funding policy with respect to qualified plans is to contribute annually not less than the minimum required by applicable law and regulation nor more than the amount which can be deducted for income tax purposes. We also have an unfunded nonqualified supplemental pension plan that is based on credited years of service and compensation during the last years of employment. For our qualified and non-qualified pension plans and the post-retirement welfare plans, we use the last Friday in October as our measurement date which coincides with our fiscal year end. Certain plans outside the United States, which supplement or are coordinated with government plans, many of which require funding through mandatory government retirement or insurance company plans, have pension funds or balance sheet accruals which approximate the actuarially computed value of accumulated plan benefits as of October30, 2009 and October31, 2008. We also have a defined contribution benefit plan (401(k) plan). Substantially every U.S. employee of the Company (except any employee who is covered by a collective bargaining agreement which does not provide for such employees participation in the plan) is eligible to participate in the plan. Under the terms of the plan, the Company matches 50% of participant salary deferral contributions up to the first 6% of the participants compensation. The Company also contributes a defined benefit contribution of 1% to 4% of eligible employee compensation depending on the employee group. The employer match and defined benefit contribution expense are as follows: In millions 2009 2008 2007 Employer Matching Expense $ 6.3 $ 4.9 $ 2.7 Defined Benefit Contribution Expense $ 14.9 $ 13.2 $ 9.0 Total pension expense for all defined benefit plans is a follows: In millions 2009 2008 2007 Pension Expense $ 16.4 $ 19.6 $ 39.8 In 2008 we recalculated our liability under the Joy Global Inc. Pension Plan in conjunction with the extension of the collective bargaining agreement with the United Steelworkers of America (Steelworkers). The result was to increase the net pension liability by approximately $40.1million through an adjustment to other comprehensive income (loss). As a result of the market conditions as of revaluation, partially offset by the increased benefits as part of the agreement, the net periodic pension cost for fiscal 2008 decreased by $2.8million. Also in conjunction with the extension effective October1, 2008, the Joy Global Pension Plan was amended to close the Plan to the Steelworkers at PH Mining Equipments manufacturing fa

Share Based Compensation

Share Based Compensation
	12 Months Ended Oct. 30, 2009 USD / shares
Share-Based Compensation [Abstract]
Share-Based Compensation	11. Share-Based Compensation Our 2007 Stock Incentive Plan (Plan) authorizes the grant of up to 10.0million shares plus canceled and forfeited awards. The Plan allows for the issuance of non-qualified stock options, incentive stock options, performance shares, restricted stock units, and other stock-based awards to officers, employees, and directors. As of October30, 2009, none of the options granted qualify as incentive stock options under the Internal Revenue Code. We have historically issued new common stock in order to satisfy share-based payment awards and plan to do so to satisfy future awards. The total share-based compensation expense we recognized for fiscal 2009, 2008, and 2007 was approximately $18.7million, $13.7million, and $10.6million, respectively. The total stock-based compensation expense is reflected in our cash flow statement in Operating Activities under the heading Other, net. The corresponding deferred tax asset recognized related to the stock-based compensation expense was approximately $5.6million, $4.3million, and $3.2million in fiscal 2009, 2008 and 2007, respectively. Stock Options We have granted non-qualified stock options to purchase our common stock at prices equal to the fair market value of the stock on the grant dates. Stock options vest ratably beginning on one-year anniversary dates over three years and expire ten years from the grant date. Options to purchase 202,500 shares have also been granted to our outside directors. A summary of stock option activity under all plans is as follows: Weighted - Weighted - Weighted- Average Average Average Remaining Grant - Date Aggregate Dollars in millions, Number of Exercise Price Contractual Fair Intrinsic except per share amounts Options Per Share Term Value Value Outstanding at October28, 2006 2,549,476 $ 18.10 Options granted 647,500 41.83 $ 14.06 Options exercised (776,493 ) 15.37 $ 28.8 Options forfeited or cancelled (260,020 ) 26.32 Outstanding at October26, 2007 2,160,463 25.20 7.3 67.0 Options granted 735,700 57.72 18.97 Options exercised (863,928 ) 21.22 43.4 Options forfeited or cancelled (74,893 ) 50.69 Outstanding at October31, 2008 1,957,342 38.21 7.3 9.1 Exercisable at October31, 2008 732,088 19.30 5.3 9.1 Options granted 2,098,000 21.88 7.19 Options exercised (160,186 ) 17.36 4.0 Options forfeited or cancelled (261,

Shareholders Equity

Shareholders Equity
	12 Months Ended Oct. 30, 2009 USD / shares
Stockholders' Equity [Abstract]
Shareholders' Equity	12. Shareholders Equity We have 150,000,000 shares of authorized common stock, par value $1.00 per share, 50,000,000 of which were distributed in connection with our July12, 2001 emergence from bankruptcy. The last distribution of 1,233,423 shares (2,775,111 shares after January21, 2005 and December 12, 2005 stock splits) was distributed starting on January28, 2005, in accordance with the Plan of Reorganization. We are authorized to issue 5,000,000 shares of preferred stock, of which 1,000,000 shares have been designated as SeriesA Junior Participating Preferred Stock of $1.00 par value per share. None of the preferred shares have been issued. On July15, 2002, our Board of Directors (Directors) declared a dividend of one preferred share purchase right for each outstanding share of common stock. Each right entitles the holder to purchase one one-hundredth of a share of our SeriesA Junior Participating Preferred Stock for $100. Under certain circumstances, if a person or group acquires 15% or more of our outstanding common stock, holders of the rights (other than the person or group triggering their exercise) will be able to purchase, in exchange for the $100 exercise price, shares of our common stock or of any company into which we are merged having a value of $200. The rights expire on August5, 2012 unless extended by our Directors. Because the rights may substantially dilute the stock ownership of a person or group attempting to take us over without the approval of our Directors, our rights plan could make it more difficult for a third party to acquire us (or a significant percentage of our outstanding capital stock) without first negotiating with our Directors regarding such acquisition. Under our share repurchase program, management is authorized to repurchase up to $2.0billion in shares of common stock in the open market or through privately negotiated transactions until December31, 2011. During fiscal 2009 and 2008, we have repurchased approximately $13.7 million of common stock representing 608,720 shares and $307.7million of common stock representing 6,040,727 shares, respectively. Under our currently authorized share repurchase program we have repurchased approximately $1.1billion of common stock, representing 23,873,159 shares. Given the current economic environment, we have set a priority for cash accumulation ahead of other discretionary uses of cash, including share repurchases, until either target cash reserves are established or until there is greater clarity in the market outlook.

Derivatives

Derivatives
	12 Months Ended Oct. 30, 2009 USD / shares
Derivatives [Abstract]
Derivatives	13. Derivatives On January31, 2009 we adopted ASC No.815, Derivatives and Hedging, which changed disclosure requirements for derivative instruments and hedging activities including how and why an entity uses derivative instruments, how derivative instruments are accounted for and how derivative instruments and related hedged items affect an entitys financial statements. We enter into derivative contracts, primarily foreign currency forward contracts, to hedge the risks of certain identified and anticipated transactions in currencies other than the functional currency of the respective operating unit. The types of risks hedged are those arising from the variability of future earnings and cash flows caused by fluctuations in foreign currency exchange rates. We have designated substantially all of these contracts as cash flow hedges in accordance with ASC No.815. These contracts are for forecasted transactions, and committed receivables and payables denominated in foreign currencies and not for speculative purposes. The following table provides fair value information of our derivative contracts in the Consolidated Balance Sheet as of October30, 2009: In thousands Assets Liabilities Foreign currency forward contracts $ 7,008 $ (11,924 ) We are exposed to certain foreign currency risks in the normal course of our global business operations. For derivative contracts that are designated and qualify for a cash flow hedge, the effective portion of the gain or loss of the derivative contract is recorded as a component of other comprehensive income, net of tax and is reclassified into the income statement, on the same line associated with the underlying transaction and in the same period(s) in which the hedged transaction affects earnings. The amounts recorded in accumulated other comprehensive income for existing cash flow hedges is expected to be reclassified into earnings within one year and all of the existing hedges will be reclassified into earnings by May2011. Ineffectiveness related to these derivative contracts was recorded in the Consolidated Statement of Income as a gain of $4.7million, $1.9million and 1.0million for fiscal years 2009, 2008 and 2007, respectively. We are exposed to credit-related losses in the event of non-performance by counterparties to our forward exchange contracts. We currently have a concentration of these contracts held with Bank of America, N.A., which maintains an investment grade rating. We do not expect any counterparties, including Bank of America, N.A., to fail to meet their obligations. A contract is generally subject to credit risk only when it has a positive fair value and the maximum exposure is the amount of the positive fair value. Forward exchange contracts are entered into to protect the value of forecasted transactions and committed future foreign currency receipts and disbursements and consequently any market-related loss on the forward contract would be offset by changes in the value of the hedged item. As a result, we are generally not exposed to net market risk associated with these instruments. The following table summarizes the

Operating Leases

Operating Leases
	12 Months Ended Oct. 30, 2009 USD / shares
Operating Leases [Abstract]
Operating Leases	14. Operating Leases We lease certain plant, office and warehouse space as well as machinery, vehicles, data processing and other equipment. Certain of the leases have renewal options at reduced rates and provisions requiring us to pay maintenance, property taxes and insurance. Amortization of assets reported as capital leases is included in depreciation expense. Generally, all rental payments are fixed. Our assets and obligations under capital lease arrangements are not significant. Total rental expense under operating leases, excluding maintenance, taxes and insurance, was $24.2million, $23.1million, and $17.7million for fiscal 2009, 2008, and 2007, respectively. At October30, 2009, the future payments for all operating leases with remaining lease terms in excess of one year, and excluding maintenance, taxes and insurance were as follows: In millions 2010 $ 18.1 2011 13.1 2012 9.1 2013 5.6 2014 3.7 Thereafter 9.0 Total $ 58.6

Reorganization Items

Reorganization Items
	12 Months Ended Oct. 30, 2009 USD / shares
Reorganization Items [Abstract]
Reorganization Items	15. Reorganization Items Reorganization items include income, expenses and losses from settlement of items related to our reorganization under Chapter11 of the Bankruptcy Code. Net reorganization items for fiscal 2009, 2008, and 2007 consisted of the following: In thousands 2009 2008 2007 Beloit U.K. claim settlement $ $ (2,055 ) $ Beloit U.K. receivership settlement 5,665 Resolution of contingent payable 1,473 Professional fees directly related to the reorganization (605 ) (364 ) (745 ) Net reorganization income (expense) $ 5,060 $ (2,419 ) $ 728

Discontinued Operations and Hel

Discontinued Operations and Held for Sale Assets and Liabilities
	12 Months Ended Oct. 30, 2009 USD / shares
Discontinued Operations and Held for Sale Assets and Liabilities [Abstract]
Discontinued Operations and Held for Sale Assets and Liabilities	16. Discontinued Operations and Held for Sale Assets and Liabilities During the fourth quarter of fiscal 2005, The Horsburgh Scott Co. (HS), a wholly owned subsidiary of the Company, was classified as held for sale. HS is a premier designer and manufacturer of industrial gears and gear drives and was classified as part of the Surface Mining Equipment segment. In November2007, we collected the remaining receivable balance of $9.9million and recognized the pre-tax deferred gain of $1.5million ($1.1million, net of taxes) in discontinued operations.

Acquisitions

Acquisitions
	12 Months Ended Oct. 30, 2009 USD / shares
Acquisitions [Abstract]
Acquisitions	17. Acquisitions On February14, 2008 we completed the acquisition of N.E.S. Investment Co. including its subsidiary, Continental Global Group, Inc. (collectively Continental) a worldwide leader in conveyor systems for bulk material handling in mining and industrial applications. The results of operations for Continental have been included in the accompanying consolidated financial statements from that date forward. The Continental acquisition further strengthens our ability to provide a more complete mining solution to our customers. We purchased all of the outstanding shares of Continental for an aggregate amount of $252.1 million, which is net of approximately $5.9million of indebtedness assumed by us at closing and $12.0million of cash acquired. We also incurred $2.4million of direct acquisition costs related to the acquisition. Following is condensed balance sheet data showing the allocation of the fair values of the assets acquired and the liabilities assumed as of the date of acquisition: In thousands Current assets $ 112,649 Property, plant equipment 33,712 Intangible assets 147,689 Goodwill 111,800 Other assets 554 Current liabilities (73,184 ) Deferred Income taxes (73,656 ) Other long-term obligations (5,112 ) Net assets acquired $ 254,452 Of the $147.7million of intangible assets, $53.9million has been preliminarily assigned to trademarks which are not being amortized. The remaining $93.8million of intangible assets has been assigned to the following categories and are being amortized over a weighted-average useful life of 18years: In thousands Customer relationships $ 74,200 Patents 10,490 Backlog 9,099 $ 93,789 On December17, 2008, our wholly owned subsidiary, China Mining Machinery Group SRL, acquired 100% of the outstanding shares of Wuxi Shengda Machinery Co., Ltd., a Chinese manufacturer of longwall shearing machines.

Fair Value Measurements

Fair Value Measurements
	12 Months Ended Oct. 30, 2009 USD / shares
Fair Value Measurements [Abstract]
Fair Value Measurements	18. Fair Value Measurements ASC No.820, Fair Value Measurements and Disclosures provides a definition of fair value, establishes a framework for measuring fair value within GAAP and expands disclosures about fair value measurements. ASC No.820 became effective for us November1, 2008. We have not adopted ASC No.820-10-50-8A for non-financial assets and liabilities which provided a deferral of such provisions until fiscal 2010. Financial assets and liabilities measured at fair value as of October30, 2009 consisted of forward foreign exchange contracts. The fair value of the forward foreign exchange contracts, together with the inputs used to develop the fair value measurements, are as follows: October 30, Fair Value Measurements In thousands 2009 Level 1 Level 2 Level 3 Assets Derivatives $ 7,008 $ $ 7,008 $ Liabilities Derivatives $ (11,924 ) $ $ (11,924 ) $ The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents: The carrying value approximates fair value because of the short maturity of those instruments. Term Loan: The fair value of our term loan is estimated based upon input from third parties on prevailing current market conditions. Senior Notes: The fair market value of the Senior Notes is estimated based on market quotations at year-end. Forward Exchange Contracts: The fair value of forward exchange contracts represents the estimated amounts receivable (payable)to terminate such contracts at the reporting date based on foreign exchange market prices at that date. The estimated fair values of financial instruments at October30, 2009 and October31, 2008 are as follows: In thousands Carrying Value Fair Value October30, 2009 Cash and cash equivalents $ 471,685 $ 471,685 6.0% Senior Notes 247,366 250,605 6.625% Senior Notes 148,395 138,287 Term Loan 144,375 140,999 Other borrowings 3,545 3,545 Forward exchange contracts (4,916 ) (4,916 ) October31, 2008 Cash and cash equivalents $ 201,575 $ 201,575 6.0% Senior Notes 247,073 211,825 6.625% Senior Notes 148,374 114,869 Term Loan 161,875 161,875 Other borrowings 10,105 10,105 Forward exchange contracts (28,850 ) (28,850 )

Commitments, Contingencies and

Commitments, Contingencies and Off Balance Sheet Risks
	12 Months Ended Oct. 30, 2009 USD / shares
Commitments, Contingencies and Off-Balance-Sheet Risks [Abstract]
Commitments, Contingencies and Off-Balance-Sheet Risks	19. Commitments, Contingencies and Off-Balance-Sheet Risks We and our subsidiaries are involved in various unresolved legal matters that arise in the normal course of operations, the most prevalent of which relate to product liability (including over 1,000 asbestos and silica-related cases), employment, and commercial matters. Also, as a normal part of operations, our subsidiaries undertake contractual obligations, warranties, and guarantees in connection with the sale of products or services. Although the outcome of these matters cannot be predicted with certainty and favorable or unfavorable resolutions may affect the results of operations on a quarter-to-quarter basis, we believe that the outcome of such legal and other matters will not have a materially adverse effect on our consolidated financial position, results of operations, or liquidity. During the Chapter11 reorganization of Harnischfeger Industries, Inc., our Predecessor Company, in 1999 by the filing of a voluntary petition under Chapter11 of the United States Bankruptcy Code, the Wisconsin Department of Workforce Development (DWD) filed claims against Beloit Corporation (Beloit), a former majority owned subsidiary, and us in Federal bankruptcy court seeking at least $10million in severance benefits and penalties, plus interest, on behalf of former Beloit employees. DWDs claim against Beloit included unpaid severance pay due under a severance policy Beloit established in 1996. DWD alleges that Beloit violated its alleged contractual obligations under the 1996 policy when it amended the policy in 1999. The Federal District Court for the District of Delaware removed DWDs claims from the bankruptcy court and granted summary judgment in our favor on all of DWDs claims in December2001. DWD appealed the decision and the judgment was ultimately vacated in part and remanded. Following further proceedings, DWDs only remaining claim against us is that our Predecessor Company tortiously interfered with Beloits decision to amend its severance policy. We are currently set to commence a trial on DWDs remaining claim on March1, 2010. We do not believe these proceedings will have a significant effect on our results of operations or financial condition. Because DWDs claims were still being litigated as of the effective date of our Plan of Reorganization, the Plan of Reorganization provided that the claim allowance process with respect to DWDs claims would continue as long as necessary to liquidate and determine these claims. At October30, 2009, we were contingently liable to banks, financial institutions, and others for approximately $201.2million for outstanding letters of credit, bank guarantees, and surety bonds securing performance of sales contracts and other guarantees in the ordinary course of business. Of the $201.2million, approximately $1.5million remains in place and is substantially attributable to remaining workers compensation obligations of Beloit Corporation and $14.4million relates to outstanding letters of credit or other guarantees issued by non-U.S. banks for non-U.S. subsidiaries under locally provided credit facilities. From time to time we and our su

Subsequent Event

Subsequent Event
	12 Months Ended Oct. 30, 2009 USD / shares
Subsequent Event [Abstract]
Subsequent Event	20. Subsequent Events ASC No.855, Subsequent Events, requires disclosure of the date through which subsequent events have been evaluated, as well as whether the date is the date the financial statements were issued or the date the financial statements were available to be issued. We have evaluated subsequent events through December22, 2009, the date the financial statements were issued. On November19, 2009, our Directors declared a cash dividend of $0.175 per outstanding share of common stock. The dividend will be paid on December18, 2009 to all stockholders of record at the close of business on December4, 2009.

Segment Information

Segment Information
	12 Months Ended Oct. 30, 2009 USD / shares
Segment Information [Abstract]
Segment Information	21. Segment Information Business Segment Information At October30, 2009, we had three reportable segments, Underground Mining Machinery (Joy) and Surface Mining Equipment (PH) and Crushing Conveying (CCC). The Crushing Conveying segment was created with the acquisition of N.E.S. Investment Co. in the second quarter fiscal 2008 and also includes crushing equipment previously only shown in Underground Mining Machinery. The intersegment sales for Crushing Conveying include sales of crushing equipment to the Underground Mining Machinery and Surface Mining Equipment segments. Operating income (loss)of segments does not include interest income and expense, reorganization items and provision for income taxes. Eliminations include the elimination of intersegment crushing equipment sales and the related operating income. Identifiable assets are those used in our operations in each segment. Corporate assets consist primarily of deferred financing costs, cash and cash equivalents, and deferred income taxes. The accounting policies of the segments are the same as those described in Note 2, Significant Accounting Policies. In thousands Underground Surface Mining Mining Crushing Machinery Equipment Conveying Corporate Eliminations Total Fiscal 2009 Net Sales Third Party $ 1,930,547 $ 1,346,965 $ 320,802 $ $ $ 3,598,314 Intersegment 5,910 771 83,013 (89,694 ) Total $ 1,936,457 $ 1,347,736 $ 403,815 $ $ (89,694 ) $ 3,598,314 Operating income (loss) $ 428,783 $ 301,712 $ 42,410 $ (41,759 ) $ (28,834 ) $ 702,312 Interest Income 7,485 7,485 Interest expense (32,217 ) (32,217 ) Reorganization items 5,060 5,060 Income before income taxes $ 428,783 $ 301,712 $ 42,410 $ (61,431 ) $ (28,834 ) $ 682,640 Depreciation and Amortization $ 27,845 $ 18,846 $ 11,844 $ 1,079 $ $ 59,614 Capital Expenditures $ 50,250 $ 39,054 $ 4,653 $ 171 $ $ 94,128 Total Assets $ 1,209,129 $ 791,480 $ 452,513 $ 555,157 $ $ 3,008,279 Fiscal 2008 Net Sales Third Party $ 1,736,485 $ 1,431,466 $ 250,983 $ $ $ 3,418,934 Intersegment 13,698 831 88,438 (102,967 ) Total $ 1,750,183 $ 1,432,297 $ 339,421 $ $ (102,967 ) $ 3,418,934 Operating income (loss) $ 348,830 $ 227,382 $ 27,856 $ (34,897 ) $ (17,967 ) $

Subsidiary Guarantors

Subsidiary Guarantors
	12 Months Ended Oct. 30, 2009 USD / shares
Subsidiary Guarantors [Abstract]
Subsidiary Guarantors	22. Subsidiary Guarantors The following tables present condensed consolidated financial information for fiscal years 2009, 2008, and 2007 for; (a)the Company; (b)on a combined basis, the guarantors of the Credit Agreement and Senior Notes issued in November2006, which include Joy Technologies Inc., PH Mining Equipment Inc. and N.E.S. Investment Co. and Continental Crushing Conveying Inc. (Subsidiary Guarantors); and (c)on a combined basis, the non-guarantors, which include all of our foreign subsidiaries and a number of small domestic subsidiaries (Non-Guarantor Subsidiaries). Separate financial statements of the Subsidiary Guarantors are not presented because the guarantors are unconditionally, jointly, and severally liable under the guarantees, and we believe such separate statements or disclosures would not be useful to investors. Condensed Consolidated Statement of Income Fiscal Year Ended October30, 2009 (In thousands) Parent Subsidiary Non-Guarantor Company Guarantors Subsidiaries Eliminations Consolidated Net sales $ $ 2,332,609 $ 2,178,182 $ (912,477 ) $ 3,598,314 Cost of sales 1,577,814 1,592,690 (725,400 ) 2,445,104 Product development, selling and administrative expenses 41,581 233,892 179,459 454,932 Other income 55,974 (60,008 ) (4,034 ) Operating income (loss) (41,581 ) 464,929 466,041 (187,077 ) 702,312 Intercompany items 39,373 (62,360 ) (94,177 ) 117,164 Interest income (expense) net (30,698 ) 2,247 3,719 (24,732 ) Reorganization items 24,370 (19,310 ) 5,060 Income (loss)from continuing operations before income taxes and equity (8,536 ) 404,816 356,273 (69,913 ) 682,640 Provision (benefit)for income taxes (16,743 ) 167,017 77,716 227,990 Equity in income (loss)of subsidiaries 446,443 201,690 (648,133 ) Net Income $ 454,650 $ 439,489 $ 278,557 $ (718,046 ) $ 454,650 Condensed Consolidated Statement of Income Fiscal Year Ended October31, 2008 (In thousands) Parent Subsidiary Non-Guarantor Company Guarantors Subsidiaries Eliminations Consolidated Net sales $ $ 2,152,573 $ 2,096,230 $ (829,869 ) $ 3,418,934 Cost of sales 1,537,081 1,576,532 (684,684 ) 2,428,929 Product development, selling and administrative expenses 34,529 221,451 185,547 441,527 Other income 45,436 (48,162 ) (2,7

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts
	12 Months Ended Oct. 30, 2009 USD / shares
Valuation and Qualifying Accounts [Abstract]
VALUATION AND QUALIFYING ACCOUNTS	Schedule Of Valuation and Qualifying Accounts Disclosure JOY GLOBAL INC. SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (In thousands) Balance at Additions Currency Acquisitions / Balance Beginning Charged Translation Discontinued at End Classification of Year to Expense Deductions(1) Effects Operations of Year Allowance Deducted in Balance Sheet from Accounts Receivable: Fiscal 2009 $ 4,836 $ 6,923 $ (1,433 ) $ 362 $ $ 10,688 Fiscal 2008 $ 3,970 $ 1,281 $ (892 ) $ (406 ) $ 883 $ 4,836 Fiscal 2007 $ 5,626 $ (109 ) $ (1,655 ) $ 108 $ $ 3,970 (1) Represents write-off of bad debts net of recoveries Additions Balance at Charged to Allocated Allocated Allocated Reclass to Balance Beginning Comprehensive to Tax to to L-T Deferred at End of Year Loss Expense Intangibles APIC Tax Assets of Year Allowance Deducted in Balance Sheet from Deferred Tax Assets: Fiscal 2009 $ 112,933 $ $ 114 $ $ $ 557 $ 113,604 Fiscal 2008 $ 115,490 $ $ (3,495 ) $ $ (1,030 ) $ 1,968 $ 112,933 Fiscal 2007 $ 117,484 $ $ (1,281 ) $ $ (513 ) $ (200 ) $ 115,490