Prepaid Expenses and Other

6 Months Ended

May 01, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other

PREPAID EXPENSES AND OTHERAs of the dates indicated, prepaid expenses and other are comprised of the following (in thousands):

	May 1, 2021		October 31, 2020
Contract assets for unbilled accounts receivable, net	$	81,437	$	85,843
Prepaid expenses	77,389		70,647
Prepaid VAT and other taxes	72,325		72,838
Product demonstration equipment, net	45,151		44,793
Other non-trade receivables	14,193		21,981
Derivative assets	13,785		82
Capitalized contract acquisition costs	13,008		11,296
CEWS receivable	3,942		—
Deferred deployment expense	421		604
	$	321,651	$	308,084

Depreciation of product demonstration equipment was $5.1 million during the first six months of fiscal 2021 and $4.2 million during the first six months of fiscal 2020.

For further discussion on contract assets and capitalized contract acquisition costs, see Note 3 above.