Fair Value Measurements (Tables)

9 Months Ended

Jul. 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):



	July 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	595,556	$	—	$	—	$	595,556
U.S. government obligations	—		119,670		—		119,670
Foreign currency forward contracts	—		882		—		882
Total assets measured at fair value	$	595,556	$	120,552	$	—	$	716,108

Liabilities:
Foreign currency forward contracts	$	—	$	1,029	$	—	$	1,029
Forward starting interest rate swap	—		20,963		—		20,963
Contingent consideration	—		—		10,900		10,900
Total liabilities measured at fair value	$	—	$	21,992	$	10,900	$	32,892



	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):



	July 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	595,556	$	—	$	—	$	595,556
Short-term investments	—		119,670		—		119,670
Prepaid expenses and other	—		882		—		882
Total assets measured at fair value	$	595,556	$	120,552	$	—	$	716,108

Liabilities:
Accrued liabilities	$	—	$	1,029	$	7,491	$	8,520
Other long-term obligations	—		20,963		3,409		24,372
Total liabilities measured at fair value	$	—	$	21,992	$	10,900	$	32,892



	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