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Interest and Other Income (Loss), Net
 6 Months Ended
May 02, 2020
Other Income and Expenses [Abstract]  
Interest and Other Income (Loss), Net INTEREST AND OTHER INCOME (LOSS), NET
The components of interest and other income (loss), net, are as follows (in thousands):
 
Quarter Ended
 
Six Months Ended
 
May 2,
 
May 4,
 
May 2,
 
May 4,
 
2020
 
2019
 
2020
 
2019
Interest income
$
2,023

 
$
3,519

 
$
5,413

 
$
7,391

Gains (losses) on non-hedge designated foreign currency forward contracts
1,086

 
(898
)
 
1,723

 
(877
)
Foreign currency exchange losses
(4,067
)
 
(2,995
)
 
(4,839
)
 
(2,212
)
Other
(1,707
)
 
130

 
(1,316
)
 
(293
)
Interest and other income (loss), net
$
(2,665
)
 
$
(244
)
 
$
981

 
$
4,009


Ciena Corporation, as the U.S. parent entity, uses the U.S. Dollar as its functional currency; however, some of its foreign branch offices and subsidiaries use local currencies as their functional currencies. Ciena recorded $4.8 million and $2.2 million in foreign currency exchange rate losses during the first six months of fiscal 2020 and 2019, respectively, as a result of monetary assets and liabilities that were transacted in a currency other than the entity’s functional currency, and the related remeasurement adjustments were recorded in interest and other income (loss), net, on the Condensed Consolidated Statements of Operations. From time to time, Ciena uses foreign currency forwards to hedge this type of balance sheet exposure. See Note 13 for further discussion. These forwards are not designated as hedges for accounting purposes, and any net gain or loss associated with these derivatives is reported in interest and other income (loss), net, on the Condensed Consolidated Statements of Operations. During the first six months of fiscal 2020, Ciena recorded gains of $1.7 million from non-hedge designated foreign currency forward contracts. During the first six months of fiscal 2019, Ciena recorded losses of $0.9 million from non-hedge designated foreign currency forward contracts.