Financial Assets and Liabilities (Tables)

9 Months Ended

Jul. 31, 2020

Financial Assets And Liabilities [Abstract]

Summary of Cash Equivalents

As of July 31, 2020, the balances of the Company’s cash equivalents were:

	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	$	280,417	$	—	$	—	$	—	$	280,417
Total:	$	280,417	$	—	$	—	$	—	$	280,417

⁽¹⁾  See Note 7. Fair Value Measures for further discussion on fair values of cash equivalents.

As of October 31, 2019, the balances of the Company’s cash equivalents were:

	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	$	166,024	$	—	$	—	$	—	$	166,024
Total:	$	166,024	$	—	$	—	$	—	$	166,024

⁽¹⁾ 

See Note 7. Fair Value Measures for further discussion on fair values of cash equivalents.

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash included in the unaudited condensed consolidated balance sheets:

	As of
	July 31, 2020		October 31, 2019
	(in thousands)
Cash and cash equivalents	$	1,049,922	$	728,597
Restricted cash included in Prepaid expenses and other current assets	1,287		1,174
Restricted cash included in Other long-term assets	779		756
Total cash, cash equivalents and restricted cash	$	1,051,988	$	730,527

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

The effects of the non-designated derivative instruments on the Company’s unaudited condensed consolidated statements of operations is summarized as follows:

	Three Months Ended   July 31,				Nine Months Ended   July 31,
	2020		2019		2020		2019
	(in thousands)
Gain (loss) recorded in other income (expense), net	$	2,995	$	1,179	$	1,891	$	4,314

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, 2020		October 31, 2019
	(in thousands)
Total gross notional amount	$	838,981	$	817,441
Net fair value	$	4,796	$	3,494

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

The following table represents the unaudited condensed consolidated balance sheets 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)
Balance at July 31, 2020
Other current assets	$	7,103	$	60
Accrued liabilities	$	2,268	$	100
Balance at October 31, 2019
Other current assets	$	7,327	$	53
Accrued liabilities	$	3,715	$	171

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 statements of operations location in Revenue/Deferred Revenue and Operating Expenses 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, 2020
Foreign exchange contracts	Revenue	$	626		Revenue	$	466
Foreign exchange contracts	Operating expenses	11,773			Operating expenses	(1,175		)
Total		$	12,399			$	(709	)
Three months ended   July 31, 2019
Foreign exchange contracts	Revenue	$	(994	)	Revenue	$	685
Foreign exchange contracts	Operating expenses	(76		)	Operating expenses	(3,945		)
Total		$	(1,070	)		$	(3,260	)
Nine months ended   July 31, 2020
Foreign exchange contracts	Revenue	$	2,836		Revenue	$	648
Foreign exchange contracts	Operating expenses	1,129			Operating expenses	(2,211		)
Total		$	3,965			$	(1,563	)
Nine months ended   July 31, 2019
Foreign exchange contracts	Revenue	$	(253	)	Revenue	$	1,048
Foreign exchange contracts	Operating expenses	5,097			Operating expenses	(12,795		)
Total		$	4,844			$	(11,747	)