PREPAID EXPENSES AND OTHER

6 Months Ended

Apr. 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):

	April 27, 2024		October 28, 2023
Contract assets for unbilled accounts receivable, net	$	151,897	$	150,312
Prepaid VAT and other taxes	96,803		96,724
Prepaid expenses	71,600		58,954
Product demonstration equipment, net	41,031		40,682
Other non-trade receivables	38,999		33,408
Capitalized contract acquisition costs	19,245		23,326
Derivative Assets	1,341		1,118
Deferred deployment expense	776		1,170
	$	421,692	$	405,694

Depreciation of product demonstration equipment was $3.9 million during the first six months of fiscal 2024 and $3.8 million during the first six months of fiscal 2023.

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