Financial Assets and Liabilities (Tables)

3 Months Ended

Jan. 31, 2015

Financial Assets And Liabilities [Abstract]

Summary of Available-for-Sale Securities

During the first fiscal quarter of 2015, the Company made investments in available-for-sale securities, as follows:

As of January 31, 2015	Cost		Gross Unrealized Gains		Gross Unrealized Losses Less Than 12 Months			Gross Unrealized Losses 12 Months or Longer		Estimated Fair Value(1)
	(in thousands)
Cash equivalents:
Certificates of deposit	$	2,400	$	—	$	—		$	—	$	2,400
Money market funds	377,370		—		—			—		377,370
Commercial paper	8,697		—		—			—		8,697
Total:	388,467		—		—			—		388,467
Short-term investments:
U.S. government agency securities	17,928		8		—			—		17,936
Municipal bonds	1,405		—		(2		)	—		1,403
Certificates of deposit	3,400		—		—			—		3,400
Commercial paper	7,090		—		—			—		7,090
Corporate debt securities	67,160		26		(18		)	—		67,168
Asset-backed securities	23,238		5		(2		)	—		23,241
Total:	120,221		39		(22		)	—		120,238

(1) See Note 5. Fair Value Measures for further discussion on fair values of cash equivalents and short-term investments.

Maturities of Available-for-Sale securities

As of January 31, 2015 the stated maturities of the Company's short-term investments are:

	Amortized Cost		Fair Value
	(in thousands)
Due in 1 year or less	$	64,421	$	64,414
Due in 1-5 years	55,800		55,824
Total	$	120,221	$	120,238

Effects on Changes in Fair Values of Non-Designated Forward Contracts

The effects of the changes in the fair values of non-designated forward contracts are summarized as follows:

	Three Months Ended   January 31,
	2015			2014
	(in thousands)
Gain (loss) recorded in other income (expense), net	$	(2,758	)	$	(943	)

Notional Amounts of Derivative Instruments

The notional amounts in the table below for derivative instruments provide one measure of the transaction volume outstanding:

	As of January 31, 2015			As of October 31, 2014
	(in thousands)
Total gross notional amount	$	732,766		$	793,937
Net fair value	$	(6,894	)	$	(2,455	)

Fair Values of Derivative Instrument Designated and Non-Designated as Hedging Instruments in Balance Sheet

The following represents the unaudited condensed consolidated balance sheet location and amount of derivative instrument fair values segregated between designated and non-designated hedge instruments:

	Fair values of derivative instruments designated as hedging instruments		Fair values of derivative instruments not designated as hedging instruments
	(in thousands)
As of January 31, 2015
Other current assets	$	16,781	$	1,549
Accrued liabilities	$	25,210	$	14
As of October 31, 2014
Other current assets	$	9,299	$	1
Accrued liabilities	$	11,656	$	99

Income Statement Location and Amount of Gains and Losses on Derivative Instrument Fair Values for Designated Hedge Instruments, Net of Tax

The following table represents the unaudited condensed consolidated statement of operations location and amount of gains and losses on derivative instrument fair values for designated hedge instruments, net of tax:

	Location of gain (loss) recognized in OCI on derivatives	Amount of gain (loss) recognized in OCI on derivatives (effective portion)			Location of gain (loss) reclassified from OCI	Amount of gain (loss) reclassified from OCI (effective portion)
	(in thousands)
Three months ended January 31, 2015
Foreign exchange contracts	Revenue	$	2,966		Revenue	$	2,381
Foreign exchange contracts	Operating expenses	(15,795		)	Operating expenses	(3,436		)
Total		$	(12,829	)		$	(1,055	)
Three months ended January 31, 2014
Foreign exchange contracts	Revenue	$	3,188		Revenue	$	2,756
Foreign exchange contracts	Operating expenses	(3,782		)	Operating expenses	550
Total		$	(594	)		$	3,306

Ineffective Portion and Portion Excluded from Effectiveness Testing of Derivative Hedge Gains (Losses)

The following table represents the ineffective portions and portions excluded from effectiveness testing of the hedge gains (losses) for derivative instruments designated as hedging instruments, which are recorded in other income (expense), net:

Foreign exchange contracts	Amount of gain (loss) recognized in income statement on derivatives (ineffective portion)(1)		Amount of gain (loss) recognized in income statement on derivatives (excluded from effectiveness testing)(2)
	(in thousands)
For the three months ended January 31, 2015	$	740	$	1,072
For the three months ended January 31, 2014	$	119	$	1,594

(1) The ineffective portion includes forecast inaccuracies.

(2) The portion excluded from effectiveness testing includes the discount earned or premium paid for the contracts.