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Fair Value (Tables)
3 Months Ended
Jan. 31, 2015
Fair Value Disclosures [Abstract]  
Fair value of financial assets and liabilities
As of January 31, 2015 and November 1, 2014, the Company held $84.6 million and $121.3 million, respectively, of cash and held-to-maturity investments that were excluded from the tables below.
 
January 31, 2015
 
Fair Value measurement at
Reporting Date using:
 
 
 
Quoted
Prices in
Active
Markets
for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Other
Unobservable
Inputs
(Level 3)
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
Institutional money market funds
$
156,802

 
$

 
$

 
$
156,802

Corporate obligations (1)

 
408,833

 

 
408,833

Short - term investments:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
Securities with one year or less to maturity:
 
 
 
 
 
 
 
Corporate obligations (1)

 
2,033,232

 

 
2,033,232

Floating rate notes, issued at par

 
40,074

 

 
40,074

Floating rate notes (1)

 
50,014

 

 
50,014

Securities with greater than one year to maturity:
 
 
 
 
 
 
 
Floating rate notes, issued at par

 
99,759

 

 
99,759

Other assets:
 
 
 
 
 
 
 
Deferred compensation investments
21,378

 

 

 
21,378

Total assets measured at fair value
$
178,180

 
$
2,631,912

 
$

 
$
2,810,092

Liabilities
 
 
 
 
 
 
 
Forward foreign currency exchange contracts (2)

 
17,866

 

 
17,866

Contingent consideration

 

 
4,709

 
4,709

Interest rate swap agreements

 
38,070

 

 
38,070

Total liabilities measured at fair value
$

 
$
55,936

 
$
4,709

 
$
60,645

 
(1)
The amortized cost of the Company’s investments classified as available-for-sale as of January 31, 2015 was $2.3 billion.
(2)
The Company has a master netting arrangement by counterparty with respect to derivative contracts. See Note 10, Derivatives, for more information related to the Company's master netting arrangements.
 
November 1, 2014
 
Fair Value measurement at
Reporting Date using:
 
 
 
Quoted
Prices in
Active
Markets
for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Other
Unobservable
Inputs
(Level 3)
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
Institutional money market funds
$
178,067

 
$

 
$

 
$
178,067

Corporate obligations (1)

 
269,901

 

 
269,901

Short - term investments:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
Securities with one year or less to maturity:
 
 
 
 
 
 
 
Corporate obligations (1)

 
2,122,120

 

 
2,122,120

Floating rate notes, issued at par

 
85,061

 

 
85,061

Floating rate notes (1)

 
50,010

 

 
50,010

Securities with greater than one year to maturity:
 
 
 
 
 
 
 
Floating rate notes, issued at par

 
40,044

 

 
40,044

Other assets:
 
 
 
 
 
 
 
Deferred compensation investments
21,393

 

 

 
21,393

Interest rate swap agreements

 
1,723

 

 
1,723

Total assets measured at fair value
$
199,460

 
$
2,568,859

 
$

 
$
2,768,319

Liabilities
 
 
 
 
 
 
 
Contingent consideration

 

 
4,806

 
4,806

Forward foreign currency exchange contracts (2)

 
10,093

 

 
10,093

Total liabilities measured at fair value
$

 
$
10,093

 
$
4,806

 
$
14,899

 
(1)
The amortized cost of the Company’s investments classified as available-for-sale as of November 1, 2014 was $2.3 billion.
(2)
The Company has a master netting arrangement by counterparty with respect to derivative contracts. See Note 10, Derivatives, for more information related to the Company's master netting arrangements.
The fair value measurement of the contingent consideration encompasses the following significant unobservable inputs
The fair value measurement of the contingent consideration encompasses the following significant unobservable inputs: 
Unobservable Inputs
Range
Estimated contingent consideration payments
$5,000
Discount rate
0% - 10%
Timing of cash flows
1 - 2 years
Probability of achievement
100%
Change in fair value of contingent consideration measured with significant unobservable inputs
The following table summarizes the change in the fair value of the contingent consideration measured using significant unobservable inputs (Level 3) from November 1, 2014 to January 31, 2015: 
 
Contingent
Consideration
Balance as of November 1, 2014
$
4,806

Fair value adjustment (1)
47

Effect of foreign currency
(144
)
Balance as of January 31, 2015
$
4,709

 
(1) Recorded in research and development expense in the Company's condensed consolidated statements of income.