PREPAID EXPENSES AND OTHER

12 Months Ended

Oct. 29, 2022

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):

	October 29, 2022		October 30, 2021
Contract assets for unbilled accounts receivable, net	$	156,039	$	101,355
Prepaid VAT and other taxes	63,975		77,388
Prepaid expenses	55,440		62,189
Product demonstration equipment, net	35,929		29,362
Capitalized contract acquisition costs	33,516		21,753
Other non-trade receivables	24,026		18,408
Deferred deployment expense	877		264
Derivative assets	251		14,935
	$	370,053	$	325,654

Depreciation of product demonstration equipment was $8.7 million, $9.8 million and $9.0 million for fiscal 2022, 2021 and 2020, respectively.

For further discussion on contract assets and capitalized contract acquisition costs, see Note 2 above.