Financial Assets and Liabilities (Tables)

12 Months Ended

Oct. 31, 2022

Financial Assets And Liabilities [Abstract]

Schedule of Cash Equivalents and Investments

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

	Amortized 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	$	77,683	$	—	$	—	$	—	$	77,683
Total:	$	77,683	$	—	$	—	$	—	$	77,683
Short-term investments:
U.S. government agency & T-bills	$	25,816	$	—	$	(174)	$	(39)	$	25,603
Municipal bonds	2,970		—		(12)		(80)		2,878
Corporate debt securities	95,899		7		(747)		(1,135)		94,024
Asset-backed securities	25,826		—		(149)		(269)		25,408
Total:	$	150,511	$	7	$	(1,082)	$	(1,523)	$	147,913

(1)See Note 8. Fair Value Measurements for further discussion on fair values.

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

	Amortized Cost		Fair Value
	(in thousands)
Less than 1 year	$	83,234	$	82,264
1-5 years	61,593		60,156
5-10 years	3,230		3,165
>10 years	2,454		2,328
Total	$	150,511	$	147,913

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

	Amortized 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.

Schedule of Cash, Cash Equivalents and Restricted Cash

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

	October 31,
	2022		2021
	(in thousands)
Cash and cash equivalents	$	1,417,608	$	1,432,840
Restricted cash included in prepaid and other current assets	1,566		1,560
Restricted cash included in other long-term assets	690		783
Total cash, cash equivalents and restricted cash	$	1,419,864	$	1,435,183

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

The effects of the non-designated derivative instruments on our consolidated statements of income for fiscal years 2022, 2021, and 2020 were summarized as follows: 

	October 31,
	2022		2021		2020
	(in thousands)
Gains (losses) recorded in other income (expense), net	$	(15,851)	$	(855)	$	1,957

Notional Amounts of Derivative Instruments

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

	October 31,
	2022		2021
	(in thousands)
Total gross notional amounts	$	1,386,140	$	1,176,152
Net fair value	$	(50,080)	$	13,404

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

The following table represented the 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 October 31, 2022
Other current assets	$	2,315	$	223
Accrued liabilities	$	52,171	$	447
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 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)
Fiscal year ended October 31, 2022
Foreign exchange contracts	Revenue	$	(19,755)	Revenue	$	10,975
Foreign exchange contracts	Operating expenses	(59,314)		Operating expenses	(15,869)
Total		$	(79,069)		$	(4,894)
Fiscal year ended October 31, 2021
Foreign exchange contracts	Revenue	$	1,148	Revenue	$	4,181
Foreign exchange contracts	Operating expenses	8,712		Operating expenses	10,378
Total		$	9,860		$	14,559
Fiscal year ended October 31, 2020
Foreign exchange contracts	Revenue	$	3,034	Revenue	$	530
Foreign exchange contracts	Operating expenses	4,800		Operating expenses	(603)
Total		$	7,834		$	(73)