Financial Assets and Liabilities (Tables)

3 Months Ended

Jan. 31, 2024

Financial Assets And Liabilities [Abstract]

Schedule of Cash Equivalents and Short-Term Investments

As of January 31, 2024, 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	$	44,751	$	—	$	—	$	—	$	44,751
U.S. Treasury, agency & T-bills	2,886		—		—		—		2,886
Total:	$	47,637	$	—	$	—	$	—	$	47,637
Short-term investments:
U.S. Treasury, agency & T-bills	$	16,778	$	6	$	(29)	$	—	$	16,755
Municipal bonds	515		—		—		(9)		506
Corporate debt securities	102,108		208		(81)		(173)		102,062
Asset-backed securities	35,163		71		(12)		(55)		35,167
Total:	$	154,564	$	285	$	(122)	$	(237)	$	154,490

(1)See Note 9. Fair Value Measurements for further discussion on fair values.

The contractual maturities of our available-for-sale debt securities as of January 31, 2024 are as follows:

	Amortized Cost		Fair Value
	(in thousands)
less than 1 year	$	75,193	$	74,999
1-5 years	75,224		75,359
5-10 years	2,798		2,812
>10 years	1,349		1,320
Total	$	154,564	$	154,490

As of October 31, 2023, 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	$	10,129	$	—	$	—	$	—	$	10,129
U.S. Treasury, agency & T-bills	2,994		—		—		—		2,994
Total:	$	13,123	$	—	$	—	$	—	$	13,123
Short-term investments:
U.S. Treasury, agency & T-bills	$	15,752	$	—	$	(61)	$	(2)	$	15,689
Municipal bonds	515		—		—		(16)		499
Corporate debt securities	103,213		13		(455)		(396)		102,375
Asset-backed securities	33,245		21		(93)		(97)		33,076
Total:	$	152,725	$	34	$	(609)	$	(511)	$	151,639

(1)See Note 9. 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 condensed consolidated balance sheets:

	As of
	January 31, 2024		October 31, 2023
	(in thousands)
Cash and cash equivalents	$	1,118,944	$	1,438,913
Restricted cash included in prepaid and other current assets	1,490		1,549
Restricted cash included in other long-term assets	736		725
Total cash, cash equivalents and restricted cash	$	1,121,170	$	1,441,187

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

The effects of the non-designated derivative instruments on the condensed consolidated statements of income are summarized as follows:

	Three Months Ended   January 31,
	2024		2023
	(in thousands)
Gains (losses) recorded in Interest and other income (expense), net	$	3,290	$	8,221

Schedule of 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, 2024		October 31, 2023
	(in thousands)
Total gross notional amounts	$	1,680,619	$	1,666,758
Net fair value	$	11,452	$	(2,308)

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

The following table represents the 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 January 31, 2024
Other current assets	$	15,912	$	577
Accrued liabilities	$	4,174	$	863
Balance at October 31, 2023
Other current assets	$	12,962	$	491
Accrued liabilities	$	14,665	$	1,096

Schedule of 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 condensed 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)
Three months ended   January 31, 2024
Foreign exchange contracts	Revenue	$	(58)	Revenue	$	(3,263)
Foreign exchange contracts	Operating expenses	10,668		Operating expenses	(15)
Total		$	10,610		$	(3,278)
Three months ended   January 31, 2023
Foreign exchange contracts	Revenue	$	5,267	Revenue	$	(3,967)
Foreign exchange contracts	Operating expenses	36,845		Operating expenses	(4,390)
Total		$	42,112		$	(8,357)