Fair Value Measurements (Tables)

6 Months Ended

Apr. 30, 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):



	April 30, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	584,859	$	—	$	—	$	584,859
U.S. government obligations	—		119,327		—		119,327
Foreign currency forward contracts	—		764		—		764
Total assets measured at fair value	$	584,859	$	120,091	$	—	$	704,950

Liabilities:
Foreign currency forward contracts	$	—	$	3,630	$	—	$	3,630
Forward starting interest rate swap	—		10,927		—		10,927
Contingent consideration	—		—		10,900		10,900
Total liabilities measured at fair value	$	—	$	14,557	$	10,900	$	25,457



	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 Sheets as follows (in thousands):



	April 30, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	584,859	$	—	$	—	$	584,859
Short-term investments	—		119,327		—		119,327
Prepaid expenses and other	—		764		—		764
Total assets measured at fair value	$	584,859	$	120,091	$	—	$	704,950

Liabilities:
Accrued liabilities	$	—	$	3,630	$	7,491	$	11,121
Other long-term obligations	—		10,927		3,409		14,336
Total liabilities measured at fair value	$	—	$	14,557	$	10,900	$	25,457



	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