Financial Assets and Liabilities (Tables)

9 Months Ended

Jul. 31, 2022

Financial Assets And Liabilities [Abstract]

Debt Securities, Available-for-sale

The stated maturities of our available-for-sale debt securities as of July 31, 2022 were as follows:

	Amortized Cost		Fair Value
	(in thousands)
less than 1 year	$	72,253	$	71,567
1-5 years	71,480		70,403
5-10 years	4,176		4,102
>10 years	1,610		1,527
Total	$	149,519	$	147,599

Summary of Cash Equivalents and Short-Term Investments

As of July 31, 2022, the balances of our cash equivalents and short-term investments were as follows:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses Less Than 12 Continuous Months		Gross Unrealized Losses 12 Continuous Months or Longer		Estimated Fair Value(1)
	(in thousands)
Cash equivalents:
Money market funds	$	94,796	$	—	$	—	$	—	$	94,796
Total:	$	94,796	$	—	$	—	$	—	$	94,796
Short-term investments:
U.S. government agency & T-bills	$	19,917	$	6	$	(117)	$	—	$	19,806
Municipal bonds	3,105		—		(79)		—		3,026
Corporate debt securities	98,318		30		(1,289)		(108)		96,951
Asset-backed securities	28,179		1		(328)		(36)		27,816
Total:	$	149,519	$	37	$	(1,813)	$	(144)	$	147,599

(1)See Note 8. Fair Value Measurements for further discussion on fair values of cash equivalents and short-term investments.

As of October 31, 2021, the balances of our cash equivalents and short-term investments were as follows:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses Less Than 12 Continuous Months		Gross Unrealized Losses 12 Continuous Months or Longer		Estimated Fair Value(1)
	(in thousands)
Cash equivalents:
Money market funds	$	172,934	$	—	$	—	$	—	$	172,934
Total:	$	172,934	$	—	$	—	$	—	$	172,934
Short-term investments:
U.S. government agency & T-bills	$	6,447	$	—	$	(5)	$	—	$	6,442
Municipal bonds	4,588		—		(12)		—		4,576
Corporate debt securities	103,615		7		(170)		—		103,452
Asset-backed securities	33,545		6		(72)		—		33,479
Total:	$	148,195	$	13	$	(259)	$	—	$	147,949

(1)See Note 8. Fair Value Measurements for further discussion on fair values of cash equivalents and short-term investments.

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table provided a reconciliation of cash, cash equivalents and restricted cash included in the unaudited condensed consolidated balance sheets:

	As of
	July 31, 2022		October 31, 2021
	(in thousands)
Cash and cash equivalents	$	1,383,559	$	1,432,840
Restricted cash included in prepaid and other current assets	1,594		1,560
Restricted cash included in other long-term assets	711		783
Total cash, cash equivalents and restricted cash	$	1,385,864	$	1,435,183

Effects on Changes in Fair Values of Non-Designated Forward Contracts

The effects of the non-designated derivative instruments on our unaudited condensed consolidated statements of income were summarized as follows:

	Three Months Ended   July 31,				Nine Months Ended   July 31,
	2022		2021		2022		2021
	(in thousands)
Gains (losses) recorded in other income (expense), net	$	(5,182)	$	(837)	$	(10,443)	$	1,420

Notional Amounts of Derivative Instruments

The notional amounts in the table below for derivative instruments provided one measure of the transaction volume outstanding:

	As of
	July 31, 2022		October 31, 2021
	(in thousands)
Total gross notional amounts	$	1,295,726	$	1,176,152
Net fair value	$	(13,289)	$	13,404

Fair Values of Derivative Instrument Designated and Non-Designated as Hedging Instruments in Balance Sheet

The following table represented the unaudited condensed consolidated balance sheets location and amount of derivative instrument fair values segregated between designated and non-designated hedge instruments:

	Fair values of derivative instruments designated as hedging instruments		Fair values of derivative instruments not designated as hedging instruments
	(in thousands)
Balance at July 31, 2022
Other current assets	$	11,232	$	1,510
Accrued liabilities	$	25,975	$	55
Balance at October 31, 2021
Other current assets	$	15,455	$	17
Accrued liabilities	$	2,027	$	42

Income Statement Location and Amount of Gains and Losses on Derivative Instrument Fair Values for Designated Hedge Instruments, Net of Tax

The following table represented the location of the amount of gains and losses on derivative instrument fair values for designated hedge instruments, net of tax in the unaudited condensed consolidated statements of income:

	Location of gains (losses) recognized in OCI on derivatives	Amount of gains (losses) recognized in OCI on derivatives (effective portion)		Location of gains (losses) reclassified from OCI	Amount of gains (losses) reclassified from OCI (effective portion)
	(in thousands)
Three months ended   July 31, 2022
Foreign exchange contracts	Revenue	$	(4,702)	Revenue	$	3,651
Foreign exchange contracts	Operating expenses	(14,349)		Operating expenses	(3,687)
Total		$	(19,051)		$	(36)
Three months ended   July 31, 2021
Foreign exchange contracts	Revenue	$	251	Revenue	$	1,563
Foreign exchange contracts	Operating expenses	3,413		Operating expenses	3,267
Total		$	3,664		$	4,830
Nine months ended   July 31, 2022
Foreign exchange contracts	Revenue	$	(12,527)	Revenue	$	3,309
Foreign exchange contracts	Operating expenses	(29,242)		Operating expenses	(4,852)
Total		$	(41,769)		$	(1,543)
Nine months ended   July 31, 2021
Foreign exchange contracts	Revenue	$	1,892	Revenue	$	2,597
Foreign exchange contracts	Operating expenses	7,079		Operating expenses	9,583
Total		$	8,971		$	12,180