Financial Assets and Liabilities (Tables)

9 Months Ended

Jul. 31, 2016

Financial Assets And Liabilities [Abstract]

Summary of Available-for-Sale Securities

As of July 31, 2016, the balances of our available-for-sale securities are:

	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:
Money market funds	$	403,070	$	—	$	—		$	—	$	403,070
Certificates of deposit	2,400		—		—			—		2,400
Total:	$	405,470	$	—	$	—		$	—	$	405,470
Short-term investments:
U.S. government agency securities	$	17,011	$	9	$	(1	)	$	—	$	17,019
Municipal bonds	700		—		—			—		700
Certificates of deposit	17,500		—		—			—		17,500
Commercial paper	20,682		—		(1		)	—		20,681
Corporate debt securities	61,245		62		(6		)	—		61,301
Asset-backed securities	20,430		11		(10		)	—		20,431
Non-U.S. government agency securities	1,003		—		—			—		1,003
Other	4,907		—		—			—		4,907
Total:	$	143,478	$	82	$	(18	)	$	—	$	143,542

(1) See Note 6. Fair Value Measures for further discussion on fair values of cash equivalents and short-term investments.

As of October 31, 2015, the balances of our available-for-sale securities are:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses Less Than 12 Continuous Months			Gross Unrealized Losses 12 Continuous Months or Longer		Estimated Fair Value(1)
	(in thousands)
Cash equivalents:
Money market funds	$	233,839	$	—	$	—		$	—	$	233,839
Commercial paper	1,834		—		—			—		1,834
Certificates of deposit	3,500		—		—			—		3,500
Asset-backed securities	300		—		(1		)	—		299
Total:	$	239,473	$	—	$	(1	)	$	—	$	239,472
Short-term investments:
U.S. government agency securities	$	12,615	$	3	$	(4	)	$	—	$	12,614
Municipal bonds	1,403		1		(1		)	—		1,403
Certificates of deposit	9,800		—		—			—		9,800
Commercial paper	12,129		—		—			—		12,129
Corporate debt securities	67,201		27		(40		)	—		67,188
Asset-backed securities	24,619		2		(13		)	—		24,608
Non-U.S. government agency securities	1,007		—		(2		)	—		1,005
Total:	$	128,774	$	33	$	(60	)	$	—	$	128,747

(1) See Note 6. Fair Value Measures for further discussion on fair values of cash equivalents and short-term investments.

Maturities of Available-for-Sale securities

As of July 31, 2016, the stated maturities of the Company's available-for-sale securities are:

	Amortized Cost		Fair Value
	(in thousands)
Due in 1 year or less	$	98,041	$	98,065
Due in 2-5 years	45,390		45,430
Due in 6-10 years	47		47
Total	$	143,478	$	143,542

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   July 31,						Nine Months Ended   July 31,
	2016			2015			2016			2015
	(in thousands)
Gain (loss) recorded in other income (expense), net	$	(2,193	)	$	(1,409	)	$	(4,042	)	$	(4,402	)

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 July 31, 2016			As of October 31, 2015
	(in thousands)
Total gross notional amount	$	670,319		$	781,752
Net fair value	$	(17,282	)	$	(3,819	)

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 July 31, 2016
Other current assets	$	3,038	$	71
Accrued liabilities	$	19,727	$	663
As of October 31, 2015
Other current assets	$	6,461	$	1
Accrued liabilities	$	10,141	$	140

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   July 31, 2016
Foreign exchange contracts	Revenue	$	(5,443	)	Revenue	$	(2,900	)
Foreign exchange contracts	Operating expenses	(6,317		)	Operating expenses	(2,274		)
Total		$	(11,760	)		$	(5,174	)
Three months ended   July 31, 2015
Foreign exchange contracts	Revenue	$	1,994		Revenue	$	4,005
Foreign exchange contracts	Operating expenses	(1,356		)	Operating expenses	(6,395		)
Total		$	638			$	(2,390	)
Nine months ended   July 31, 2016
Foreign exchange contracts	Revenue	$	(13,117	)	Revenue	$	(4,117	)
Foreign exchange contracts	Operating expenses	(8,262		)	Operating expenses	(9,970		)
Total		$	(21,379	)		$	(14,087	)
Nine months ended   July 31, 2015
Foreign exchange contracts	Revenue	$	5,334		Revenue	$	6,411
Foreign exchange contracts	Operating expenses	(18,855		)	Operating expenses	(16,228		)
Total		$	(13,521	)		$	(9,817	)

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 statement of operations on derivatives (ineffective portion)(1)		Amount of gain (loss) recognized in statement of operations on derivatives (excluded from effectiveness testing)(2)
	(in thousands)
For the three months ended July 31, 2016	$	890	$	1,827
For the three months ended July 31, 2015	$	122	$	1,189
For the nine months ended July 31, 2016	$	1,345	$	5,368
For the nine months ended July 31, 2015	$	822	$	3,495

(1) The ineffective portion includes forecast inaccuracies.

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