XML 40 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Financial Assets and Liabilities (Tables)
 6 Months Ended
Apr. 30, 2019
Financial Assets And Liabilities [Abstract]  
Summary of Available-for-Sale Securities
As of April 30, 2019, the balances of the Company's cash equivalents are:
 
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
$
206,438

 
$
—

 
$
—

 
$
—

 
$
206,438

Total:
$
206,438

 
$
—

 
$
—

 
$
—

 
$
206,438

(1)
See Note 5. Fair Value Measures for further discussion on fair values of cash equivalents.
As of October 31, 2018, the balances of the Company's cash equivalents are:
 
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
$
165,296

 
$
—

 
$
—

 
$
—

 
$
165,296

Total:
$
165,296

 
$
—

 
$
—

 
$
—

 
$
165,296

(1)
See Note 5. Fair Value Measures for further discussion on fair values of cash equivalents.
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash included in the unaudited condensed consolidated balance sheets:
 
As of April 30, 2019
 
As of October 31, 2018
 
(in thousands)
Cash and cash equivalents
$
631,161

 
$
723,115

Restricted cash included in Prepaid expenses and other current assets
1,166

 
1,164

Restricted cash included in Other long-term assets
721

 
722

Total cash, cash equivalents and restricted cash
$
633,048

 
$
725,001
Effects on Changes in Fair Values of Non-Designated Forward Contracts
The effect of the changes in the fair values of non-designated forward contracts is summarized as follows:
 
Three Months Ended 
 April 30,
 
Six Months Ended 
 April 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
Gain (loss) recorded in other income (expense), net
$
5,035

 
$
1,248

 
$
3,135

 
$
(323
)
Notional Amounts of Derivative Instruments
The notional amounts in the table below for derivative instruments provide one measure of the transaction volume outstanding:
 
As of April 30, 2019
 
As of October 31, 2018
 
(in thousands)
Total gross notional amount
$
962,157

 
$
1,135,549

Net fair value
$
(1,359
)
 
$
(18,120
)
Fair Values of Derivative Instrument Designated and Non-Designated as Hedging Instruments in Balance Sheet
The following table represents the unaudited condensed consolidated balance sheet 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)
As of April 30, 2019
 
 
 
Other current assets
$
8,258

 
$
428

Accrued liabilities
$
9,879

 
$
166

As of October 31, 2018
 
 
 
Other current assets
$
4,771

 
$
131

Accrued liabilities
$
22,890

 
$
132
Income Statement Location and Amount of Gains and Losses on Derivative Instrument Fair Values for Designated Hedge Instruments, Net of Tax
The following table represents the unaudited condensed consolidated statement of operations location and amount of gains and losses on derivative instrument fair values for designated hedge instruments, net of tax:
 
Location of gain (loss)
recognized in OCI on
derivatives
 
Amount of gain (loss)
recognized in OCI on
derivatives
(effective portion)
 
Location of
gain (loss)
reclassified from OCI
 
Amount of
gain (loss)
reclassified from
OCI
(effective portion)
 
(in thousands)
Three months ended 
 April 30, 2019
 
 
 
 
 
 
 
Foreign exchange contracts
Revenue
 
$
1,949

 
Revenue
 
$
199

Foreign exchange contracts
Operating expenses
 
(1,502
)
 
Operating expenses
 
(4,211
)
Total
 
 
$
447

 
 
 
$
(4,012
)
Three months ended 
 April 30, 2018
 
 
 
 
 
 
 
Foreign exchange contracts
Revenue
 
$
662

 
Revenue
 
$
(169
)
Foreign exchange contracts
Operating expenses
 
(9,195
)
 
Operating expenses
 
5,711

Total
 
 
$
(8,533
)
 
 
 
$
5,542

Six months ended 
 April 30, 2019
 
 
 
 
 
 
 
Foreign exchange contracts
Revenue
 
$
741

 
Revenue
 
$
363

Foreign exchange contracts
Operating expenses
 
5,173

 
Operating expenses
 
(8,850
)
Total
 
 
$
5,914

 
 
 
$
(8,487
)
Six months ended 
 April 30, 2018
 
 
 
 
 
 
 
Foreign exchange contracts
Revenue
 
$
(1,964
)
 
Revenue
 
$
1,498

Foreign exchange contracts
Operating expenses
 
6,444

 
Operating expenses
 
9,350

Total
 
 
$
4,480

 
 
 
$
10,848
Ineffective Portion and Portion Excluded from Effectiveness Testing of Derivative Hedge Gains (Losses)
The following table represents the ineffective portions and portions excluded from effectiveness testing of the hedge gains (losses) for derivative instruments designated as hedging instruments, which are recorded in other income (expense), net:
Foreign exchange contracts
Amount of
gain (loss) recognized
in statement of operations
on derivatives
(ineffective
portion)(1)
 
Amount of gain (loss)
recognized in
statement of operations on
derivatives
(excluded from
effectiveness testing)(2)
 
(in thousands)
For the three months ended April 30, 2019
$
20

 
$
(706
)
For the three months ended April 30, 2018
$
308

 
$
607

For the six months ended April 30, 2019
$
(84
)
 
$
(719
)
For the six months ended April 30, 2018
$
522

 
$
1,707

(1)
The ineffective portion includes forecast inaccuracies.
(2)
The portion excluded from effectiveness testing includes the discount earned or premium paid for the contracts.