XML 51 R36.htm IDEA: XBRL DOCUMENT v3.23.3
Financial Assets and Liabilities (Tables)
 12 Months Ended
Oct. 31, 2023
Financial Assets And Liabilities [Abstract]  
Schedule of Cash Equivalents and Investments
As of October 31, 2023, the balances of our cash equivalents and short-term investments are as follows:
Amortized CostGross
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$10,129 $— $— $— $10,129 
U.S. Treasury, agency & T-bills2,994 — — — 2,994 
Total:$13,123 $— $— $— $13,123 
Short-term investments:
U.S. Treasury, agency & T-bills$15,752 $— $(61)$(2)$15,689 
Municipal bonds515 — — (16)499 
Corporate debt securities103,213 13 (455)(396)102,375 
Asset-backed securities33,245 21 (93)(97)33,076 
Total:$152,725 $34 $(609)$(511)$151,639 
(1)See Note 8. Fair Value Measurements for further discussion on fair values.
The contractual maturities of our available-for-sale debt securities as of October 31, 2023 are as follows:
Amortized CostFair Value
(in thousands)
Less than 1 year$74,398 $73,879 
1-5 years74,604 74,104 
5-10 years1,723 1,721 
>10 years2,000 1,935 
Total$152,725 $151,639 
As of October 31, 2022, the balances of our cash equivalents and short-term investments are as follows:
Amortized
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$77,683 $— $— $— $77,683 
Total:$77,683 $— $— $— $77,683 
Short-term investments:
U.S. Treasury, agency & T-bills$25,816 $— $(174)$(39)$25,603 
Municipal bonds2,970 — (12)(80)2,878 
Corporate debt securities95,899 7 (747)(1,135)94,024 
Asset-backed securities25,826 — (149)(269)25,408 
Total:$150,511 $7 $(1,082)$(1,523)$147,913 
(1)See Note 8. Fair Value Measurements for further discussion on fair values.
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash included in the consolidated balance sheets:
As of October 31,
20232022
(in thousands)
Cash and cash equivalents$1,438,913 $1,417,608 
Restricted cash included in prepaid and other current assets1,549 1,566 
Restricted cash included in other long-term assets725 690 
Total cash, cash equivalents and restricted cash$1,441,187 $1,419,864 
Effects on Changes in Fair Values of Non-Designated Forward Contracts
The effects of the non-designated derivative instruments on our consolidated statements of income are summarized as follows: 
 
Year Ended October 31,
 202320222021
 (in thousands)
Gains (losses) recorded in other income (expense), net$(5,899)$(15,851)$(855)
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 October 31,
20232022
 (in thousands)
Total gross notional amounts$1,666,758 $1,386,140 
Net fair value$(2,308)$(50,080)
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, 2023
Other current assets$12,962 $491 
Accrued liabilities$14,665 $1,096 
Balance at October 31, 2022
Other current assets$2,315 $223 
Accrued liabilities$52,171 $447 
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 gains (losses)
recognized in OCI on
derivatives		Amount of gains (losses)
recognized in 
OCI on
derivatives
(effective portion)		Location of gains (losses)
reclassified 
from OCI		Amount of
gains (losses)
reclassified 
from OCI
(effective 
portion)
 (in thousands)
Fiscal year ended October 31, 2023
Foreign exchange contractsRevenue$8,390 Revenue$(9,942)
Foreign exchange contractsOperating expenses16,596 Operating expenses(15,334)
Total$24,986 $(25,276)
Fiscal year ended October 31, 2022
Foreign exchange contractsRevenue$(19,755)Revenue$10,975 
Foreign exchange contractsOperating expenses(59,314)Operating expenses(15,869)
Total$(79,069)$(4,894)
Fiscal year ended October 31, 2021
Foreign exchange contractsRevenue$1,148 Revenue$4,181 
Foreign exchange contractsOperating expenses8,712 Operating expenses10,378 
Total$9,860 $14,559