XML 48 R37.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Financial Assets and Liabilities (Tables)
6 Months Ended
Apr. 30, 2024
Financial Assets And Liabilities [Abstract]  
Schedule of Cash Equivalents and Short-Term Investments
As of April 30, 2024, 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$46,938 $— $— $— $46,938 
Total:$46,938 $— $— $— $46,938 
Short-term investments:
U.S. Treasury, agency & T-bills$18,739 $— $(38)$(3)$18,698 
Municipal bonds515 — — (4)511 
Corporate debt securities104,522 101 (154)(84)104,385 
Asset-backed securities33,211 39 (21)(43)33,186 
Total:$156,987 $140 $(213)$(134)$156,780 
(1)See Note 10. Fair Value Measurements for further discussion on fair values.
The contractual maturities of our available-for-sale debt securities as of April 30, 2024 are as follows:
Amortized CostFair Value
(in thousands)
less than 1 year$63,829 $63,717 
1-5 years87,827 87,757 
5-10 years3,293 3,297 
>10 years2,038 2,009 
Total$156,987 $156,780 
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 10. 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 and the condensed consolidated statements of cash flows:
As of
April 30, 2024October 31, 2023
(in thousands)
Cash and cash equivalents$1,502,920 $1,433,966 
Restricted cash included in prepaid and other current assets1,557 1,549 
Restricted cash included in other long-term assets722 725 
Cash, cash equivalents and restricted cash
$1,505,199 $1,436,240 
Cash, cash equivalents and restricted cash from discontinued operations
6,445 4,947 
Total cash, cash equivalents and restricted cash, including cash from discontinued operations
$1,511,644 $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 
 April 30,
Six Months Ended 
 April 30,
 2024202320242023
 (in thousands)
Gains (losses) recorded in Interest and other income (expense), net
$(4,355)$(3,484)$(1,066)$4,737 
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
April 30, 2024October 31, 2023
 (in thousands)
Total gross notional amounts$1,759,952 $1,666,758 
Net fair value$8,824 $(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 April 30, 2024
Other current assets$18,349 $634 
Accrued liabilities$8,924 $1,235 
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 
 April 30, 2024
Foreign exchange contractsRevenue$(2,507)Revenue$(1,019)
Foreign exchange contractsOperating expenses(4,628)Operating expenses(137)
Total$(7,135)$(1,156)
Three months ended 
 April 30, 2023
Foreign exchange contractsRevenue$1,149 Revenue$(5,537)
Foreign exchange contractsOperating expenses(5,679)Operating expenses(3,737)
Total$(4,530)$(9,274)
Six months ended 
 April 30, 2024
Foreign exchange contractsRevenue$(2,565)Revenue$(4,282)
Foreign exchange contractsOperating expenses6,040 Operating expenses(152)
Total$3,475 $(4,434)
Six months ended 
 April 30, 2023
Foreign exchange contractsRevenue$6,416 Revenue$(9,504)
Foreign exchange contractsOperating expenses31,166 Operating expenses(8,127)
Total$37,582 $(17,631)