Financial Assets and Liabilities (Tables)

12 Months Ended

Oct. 31, 2021

Financial Assets And Liabilities [Abstract]

Debt Securities, Available-for-sale

The stated maturities of the Company's available-for-sale debt securities as of October 31, 2021 were as follows:

	Cost		Fair Value
	(in thousands)
Due within 1 year	$	45,562	$	45,533
After 1 year through 5 years	94,591		94,396
After 5 years through 10 years	5,786		5,785
After 10 years	2,256		2,235
Total	$	148,195	$	147,949

Schedule of Cash Equivalents

As of October 31, 2021, the balances of the Company's cash equivalents, short-term investments and non-marketable equity securities investments 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	$	172,934	$	—	$	—	$	—	$	172,934
Total:	$	172,934	$	—	$	—	$	—	$	172,934
Short-term investments:
U.S. government agency & T-bills	$	6,447	$	—	$	(5)	$	—	$	6,442
Municipal bonds	4,588		—		(12)		—		4,576
Corporate debt securities	103,615		7		(170)		—		103,452
Asset-backed securities	33,545		6		(72)		—		33,479
Total:	$	148,195	$	13	$	(259)	$	—	$	147,949
Other long-term assets:
Non-marketable equity securities	$	17,638	$	—	$	—	$	—	$	17,638
Total:	$	17,638	$	—	$	—	$	—	$	17,638

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

As of October 31, 2020, the balances of the Company's cash equivalents and non-marketable equity securities investments 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	$	304,127	$	—	$	—	$	—	$	304,127
Total:	$	304,127	$	—	$	—	$	—	$	304,127
Other long-term assets:
Non-marketable equity securities	$	13,200	$	—	$	—	$	—	$	13,200
Total:	$	13,200	$	—	$	—	$	—	$	13,200

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

Restrictions on Cash and Cash Equivalents

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

	October 31,
	2021		2020
	(in thousands)
Cash and cash equivalents	$	1,432,840	$	1,235,653
Restricted cash included in Prepaid expenses and other current assets	1,560		1,523
Restricted cash included in Other long-term assets	783		794
Total cash, cash equivalents and restricted cash	$	1,435,183	$	1,237,970

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

The effects of the non-designated derivative instruments on the Company’s consolidated statements of income for fiscal years 2021, 2020, and 2019 are summarized as follows: 

	October 31,
	2021		2020		2019
	(in thousands)
Gain (loss) recorded in other income (expense), net	$	(855)	$	1,957	$	4,538

Notional Amounts of Derivative Instruments

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

	October 31,
	2021		2020
	(in thousands)
Total gross notional amount	$	1,176,152	$	981,234
Net fair value	$	13,404	$	6,940

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

The following table represents the 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 October 31, 2021
Other current assets	$	15,455	$	17
Accrued liabilities	$	2,027	$	42
Balance at October 31, 2020
Other current assets	$	9,182	$	138
Accrued liabilities	$	2,088	$	292

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 location of the amount of gains and losses on derivative instrument fair values for designated hedge instruments, net of tax in the consolidated statements of income:

	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)
Fiscal year ended October 31, 2021
Foreign exchange contracts	Revenue	$	1,148	Revenue	$	4,181
Foreign exchange contracts	Operating expenses	8,712		Operating expenses	10,378
Total		$	9,860		$	14,559
Fiscal year ended October 31, 2020
Foreign exchange contracts	Revenue	$	3,034	Revenue	$	530
Foreign exchange contracts	Operating expenses	4,800		Operating expenses	(603)
Total		$	7,834		$	(73)
Fiscal year ended October 31, 2019
Foreign exchange contracts	Revenue	$	278	Revenue	$	1,436
Foreign exchange contracts	Operating expenses	4,455		Operating expenses	(16,073)
Total		$	4,733		$	(14,637)