OTHER BALANCE SHEET DETAILS

12 Months Ended

Oct. 29, 2022

Balance Sheet Related Disclosures [Abstract]

OTHER BALANCE SHEET DETAILS

OTHER BALANCE SHEET DETAILS

As of the dates indicated, other long-term assets are comprised of the following (in thousands):

	October 29, 2022		October 30, 2021
Maintenance spares inventory, net	$	44,815	$	55,696
Cost method equity investments(1)	20,698		8,578
Deferred compensation plan assets	12,751		12,968
Forward starting interest rate swaps	12,306		—
Capitalized contract acquisition costs	6,151		5,803
Deferred debt issuance costs, net(2)	781		1,188
Restricted cash	26		58
Other	16,089		15,600
	$	113,617	$	99,891

(1)Ciena recorded an unrealized gain of $4.1 million to the carrying value of its cost method equity investment to interest and other income (loss), net on the Consolidated Statements of Operations during the first quarter of fiscal 2022.

(2) Deferred debt issuance costs relate to Ciena’s senior secured asset-based revolving credit facility (the “ABL Credit Facility”) entered into during fiscal 2019 and its predecessor credit facility (described in Note 20 below). The amortization of deferred debt issuance costs for the ABL Credit Facility and its predecessor is included in interest expense, and was $0.4 million for fiscal 2022, fiscal 2021 and fiscal 2020.

As of the dates indicated, accrued liabilities and other short-term obligations are comprised of the following (in thousands):

	October 29, 2022		October 30, 2021
Compensation, payroll related tax and benefits (1)	$	126,338	$	201,119
Warranty	45,503		48,019
Vacation	26,396		31,200
Foreign currency forward contracts	15,604		716
Income taxes payable	11,472		13,577
Interest payable	4,793		598
Finance lease liabilities	3,758		3,620
Other	126,918		110,436
	$	360,782	$	409,285

(1) Reduction is primarily due to a lower accrual rate related to Ciena’s 2022 annual cash incentive compensation plan.

The following table summarizes the activity in Ciena’s accrued warranty for the fiscal years indicated (in thousands):

Year Ended	Beginning Balance		Current Year Provisions		Settlements		Ending Balance
October 31, 2020	$	48,498	$	22,417	$	21,047	$	49,868
October 30, 2021	$	49,868	$	17,093	$	18,942	$	48,019
October 29, 2022	$	48,019	$	17,440	$	19,956	$	45,503

As of the dates indicated, deferred revenue is comprised of the following (in thousands):

	October 29, 2022		October 30, 2021
Products	$	19,814	$	12,859
Services	180,421		162,605
Total deferred revenue	200,235		175,464
Less current portion	(137,899)		(118,007)
Long-term deferred revenue	$	62,336	$	57,457

As of the dates indicated, other long-term obligations are comprised of the following (in thousands):

	October 29, 2022		October 30, 2021
Finance lease liabilities	$	53,176	$	62,583
Interest rate swap liability	—		15,928
Income tax liability	72,644		63,412
Deferred compensation plan liability	12,535		12,877
Other	11,980		12,003
	$	150,335	$	166,803