Other Assets (Tables)

9 Months Ended

Jul. 31, 2022

Other assets as of July 31, 2022 and October 31, 2021 consisted of the following (in thousands):


	July 31,		October 31,
	2022		2021
Long-term stack residual value ⁽¹⁾	$	—	$	263
Long-term unbilled receivables ⁽²⁾		10,233		11,581
Other⁽³⁾		4,479		5,154
Other assets	$	14,712	$	16,998

(1)

Relates to estimated residual value for module exchanges performed under the Company’s service agreements where the useful life extends beyond the contractual term of the service agreement and the Company obtains title for the module from the customer upon expiration or non-renewal of the service agreement. If the Company does not obtain rights to title from the customer, the full cost of the module is expensed at the time of the module exchange.

(2)	Represents unbilled receivables that relate to revenue recognized on customer contracts that will be billed in future periods in excess of 12 months from the balance sheet date.

(3)

The Company entered into an agreement with one of its customers on June 29, 2016 which included payments for the purchase of the customer’s power platforms by the Company at the end of the term of the agreement. The payments were made in installments over the term of the agreement and the total amount paid as of July 31, 2022 and October 31, 2021 was $2.4 million and $2.2 million, respectively. The $2.4 million paid as of July 31, 2022 was reclassified to project assets during the second quarter of fiscal year 2022. Also included within “Other” are long-term security deposits and prepaid withholding taxes on customer deposits as of July 31, 2022 and October 31, 2021.