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PREPAID EXPENSES AND OTHER
12 Months Ended
Oct. 28, 2023
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):
 October 28, 2023October 29, 2022
Contract assets for unbilled accounts receivable, net$150,312 $156,039 
Prepaid VAT and other taxes96,724 63,975 
Prepaid expenses58,954 55,440 
Product demonstration equipment, net40,682 35,929 
Capitalized contract acquisition costs23,326 33,516 
Other non-trade receivables33,408 24,026 
Deferred deployment expense1,170 877 
Derivative assets1,118 251 
 $405,694 $370,053 

Depreciation of product demonstration equipment was $8.0 million, $8.7 million and $9.8 million for fiscal 2023, 2022 and 2021, respectively.

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