Fair Value Measurements (Tables)

3 Months Ended

Jan. 31, 2019

Schedule of the Fair Value of Assets and Liabilities Recorded on a Recurring Basis

As of the date indicated, the following table summarizes the assets and liabilities that are recorded at fair value on a recurring basis (in thousands):



	January 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	530,110	$	—	$	—	$	530,110
U.S. government obligations	—		119,143		—		119,143
Commercial paper	—		19,998		—		19,998
Foreign currency forward contracts	—		52		—		52
Total assets measured at fair value	$	530,110	$	139,193	$	—	$	669,303

Liabilities:
Foreign currency forward contracts	$	—	$	1,587	$	—	$	1,587
Forward starting interest rate swap	—		8,084		—		8,084
Contingent consideration	—		—		10,900		10,900
Total liabilities measured at fair value	$	—	$	9,671	$	10,900	$	20,571



	October 31, 2018
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	590,684	$	—	$	—	$	590,684
U.S. government obligations	—		197,988		—		197,988
Commercial paper	—		69,888		—		69,888
Foreign currency forward contracts	—		133		—		133
Forward starting interest rate swaps	—		779		—		779
Total assets measured at fair value	$	590,684	$	268,788	$	—	$	859,472

Liabilities:
Foreign currency forward contracts	$	—	$	3,231	$	—	$	3,231
Debt conversion liability	—		164,212		—		164,212
Contingent consideration	—		—		10,900		10,900
Total liabilities measured at fair value	$	—	$	167,443	$	10,900	$	178,343

Schedule of Assets and Liabilities as Presented on Ciena's Condensed Consolidated Balance Sheets

As of the date indicated, the assets and liabilities above are presented on Ciena’s Condensed Consolidated Balance Sheet as follows (in thousands):



	January 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	530,110	$	19,998	$	—	$	550,108
Short-term investments	—		119,143		—		119,143
Prepaid expenses and other	—		52		—		52
Total assets measured at fair value	$	530,110	$	139,193	$	—	$	669,303

Liabilities:
Accrued liabilities	$	—	$	1,587	$	7,491	$	9,078
Other long-term obligations	—		8,084		3,409		11,493
Total liabilities measured at fair value	$	—	$	9,671	$	10,900	$	20,571



	October 31, 2018
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	590,684	$	59,925	$	—	$	650,609
Short-term investments	—		148,981		—		148,981
Prepaid expenses and other	—		133		—		133
Long-term investments	—		58,970		—		58,970
Other long-term assets	—		779		—		779
Total assets measured at fair value	$	590,684	$	268,788	$	—	$	859,472

Liabilities:
Accrued liabilities	$	—	$	3,231	$	—	$	3,231
Debt conversion liability	—		164,212		—		164,212
Other long-term obligations	—		—		10,900		10,900
Total liabilities measured at fair value	$	—	$	167,443	$	10,900	$	178,343