PREPAID EXPENSES AND OTHER

3 Months Ended

Jan. 29, 2022

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

PREPAID EXPENSES AND OTHER

PREPAID EXPENSES AND OTHER

As of the dates indicated, prepaid expenses and other are comprised of the following (in thousands):

	January 29, 2022		October 30, 2021
Contract assets for unbilled accounts receivable, net	$	117,003	$	101,355
Prepaid VAT and other taxes	66,871		77,388
Prepaid expenses	64,288		62,189
Product demonstration equipment, net	40,638		29,362
Capitalized contract acquisition costs	23,950		21,753
Other non-trade receivables	11,951		18,408
Derivative assets	6,885		14,935
Deferred deployment expense	673		264
	$	332,259	$	325,654

Depreciation of product demonstration equipment was $2.4 million during the first three months of fiscal 2022 and $2.6 million during the first three months of fiscal 2021.

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