Ciena Corporation and Significant Accounting Policies and Estimates (Tables)

12 Months Ended

Oct. 31, 2020

Accounting Policies [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following table summarizes the cumulative effect of the changes made to Ciena’s Consolidated Balance Sheet in connection with the adoption of ASC 842 (in thousands):

	Balance at November 2, 2019		New Lease Accounting Standard			Adjusted Balance at November 3, 2019
ASSETS:
Operating right-of-use assets	$	—	$	53,334	(1)	$	53,334
Total assets	$	3,893,346	$	53,334		$	3,946,680
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Accrued liabilities and other short-term obligations	$	382,740	$	(1,484)	(2)	$	381,256
Short-term lease liabilities	$	—	20,498		(3)	$	20,498
Other long-term obligations	$	148,747	(21,244)		(4)	$	127,503
Long-term operating lease liabilities	$	—	55,564		(5)	$	55,564
Total liabilities and stockholders’ equity	$	3,893,346	$	53,334		$	3,946,680

(1) Represents $76.0 million of operating leases recognized as Operating ROU assets upon adoption of ASC 842, less $5.4 million of deferred rent, $6.2 million of tenant improvement allowances, $1.5 million of short-term restructuring reserve liability and $9.6 million of long-term restructuring reserve liability all recognized as a reduction to ROU assets.

(2) Represents $1.5 million of short-term restructuring reserve liability recognized as a reduction to Operating ROU assets.

(3) Represents $20.5 million of lease liabilities for operating leases.

(4) Represents $9.6 million of long-term restructuring reserve liability, $5.4 million of deferred rent, and $6.2 million of tenant improvement allowances recognized as a reduction to ROU assets.

(5) Represents $55.6 million of lease liabilities for operating leases.