PREPAID EXPENSES AND OTHER

3 Months Ended

Jan. 27, 2024

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 27, 2024		October 28, 2023
Contract assets for unbilled accounts receivable, net	$	151,572	$	150,312
Prepaid VAT and other taxes	87,965		96,724
Prepaid expenses	60,495		58,954
Product demonstration equipment, net	40,294		40,682
Capitalized contract acquisition costs	20,824		23,326
Other non-trade receivables	20,910		33,408
Derivative Assets	3,020		1,118
Deferred deployment expense	2,113		1,170
	$	387,193	$	405,694

Depreciation of product demonstration equipment was $1.9 million during both the first three months of fiscal 2024 and fiscal 2023.

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