XML 26 R11.htm IDEA: XBRL DOCUMENT
v3.20.2

BALANCE SHEET COMPONENTS | 3 Months Ended
--- | ---
Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
BALANCE SHEET COMPONENTS | BALANCE SHEET COMPONENTS Short-Term Investments The amortized cost of our short-term investments approximates their fair value. Unrealized losses related to our short-term investments are generally due to interest rate fluctuations, as opposed to credit quality. However, we review individual securities that are in an unrealized loss position in order to evaluate whether or not they have experienced or are expected to experience credit losses that would result in a decline in fair value. As of July 31, 2020 and October 31, 2020, unrealized gains and losses from our short-term investments were not material and were not the result of a decline in credit quality. As a result, at July 31, 2020 and October 31, 2020, we did not record any credit losses for these investments. The following table summarizes the estimated fair value of our investments in marketable debt securities by their contractual maturity dates:
| As of October 31, 2020
| (in thousands)
Due within one year | $ | 631,457 |
Due in one to two years | 182,146 |
Total | $ | 813,603 |
Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consists of the following:
| As of
| July 31, 2020 |  | October 31, 2020
| (in thousands)
Prepaid operating expenses | $ | 31,690 |  |  | $ | 32,682 |
VAT receivables | 8,381 |  |  | 8,497 |
Tenant improvement allowance receivables | 8,557 |  |  | — |
Other current assets | 14,404 |  |  | 15,540 |
Total prepaid expenses and other current assets | $ | 63,032 |  |  | $ | 56,719 |
Property and Equipment, Net Property and equipment, net consists of the following:
| Estimated Useful Life |  | As of
|  | July 31, 2020 |  | October 31, 2020
| (in months) |  | (in thousands)
Computer, production, engineering and other equipment | 36 |  | $ | 245,245 |  |  | $ | 253,389 |
Demonstration units | 12 |  | 66,569 |  |  | 66,750 |
Leasehold improvements | (1) |  | 65,557 |  |  | 62,142 |
Furniture and fixtures | 60 |  | 17,026 |  |  | 16,050 |
Total property and equipment, gross |  |  | 394,397 |  |  | 398,331 |
Less: accumulated depreciation (2) |  |  | (251,225) |  |  | (265,175) |
Total property and equipment, net |  |  | $ | 143,172 |  |  | $ | 133,156 |
(1)Leasehold improvements are amortized over the shorter of the estimated useful lives of the improvements or the remaining lease term. (2)Includes a $1.2 million write-off related to the impairment of certain leasehold improvements for the fiscal quarter ended January 31, 2020 and a $0.9 million write-off related to the impairment of certain leasehold improvements for the fiscal quarter ended October 31, 2020. For additional information on these lease-related impairments, refer to Note 6. Depreciation expense related to our property and equipment was $18.1 million and $19.2 million for the three months ended October 31, 2019 and 2020, respectively. Goodwill and Intangible Assets, Net There was no change in the carrying value of goodwill during the three months ended October 31, 2020. Intangible assets, net consists of the following:
| As of
| July 31, 2020 |  | October 31, 2020
| (in thousands)
Developed technology | $ | 79,300 |  |  | $ | 79,300 |
Customer relationships | 8,860 |  |  | 8,860 |
Trade name | 4,170 |  |  | 4,170 |
Total intangible assets, gross | 92,330 |  |  | 92,330 |
Less: |  |  |
Accumulated amortization of developed technology | (35,987) |  |  | (39,681) |
Accumulated amortization of customer relationships | (4,953) |  |  | (5,343) |
Accumulated amortization of trade name | (1,998) |  |  | (2,259) |
Total accumulated amortization | (42,938) |  |  | (47,283) |
Total intangible assets, net | $ | 49,392 |  |  | $ | 45,047 |
Amortization expense related to our intangible assets is being recognized in the condensed consolidated statements of operations within product cost of revenue for developed technology and sales and marketing expense for customer relationships and trade name. The estimated future amortization expense of our intangible assets is as follows:
Fiscal Year Ending July 31: | Amount
| (in thousands)
2021 | $ | 13,035 |
2022 | 16,183 |
2023 | 10,856 |
2024 | 3,210 |
2025 | 1,763 |
Total | $ | 45,047 |
Accrued Compensation and Benefits Accrued compensation and benefits consists of the following:
| As of
| July 31, 2020 |  | October 31, 2020
| (in thousands)
Accrued commissions | $ | 33,503 |  |  | $ | 39,489 |
Accrued vacation | 24,006 |  |  | 26,022 |
Payroll taxes payable | 10,742 |  |  | 13,466 |
Contributions to ESPP withheld | 16,563 |  |  | 10,810 |
Accrued benefits | 8,426 |  |  | 9,343 |
Accrued bonus | 5,568 |  |  | 6,666 |
Other | 10,301 |  |  | 9,929 |
Total accrued compensation and benefits | $ | 109,109 |  |  | $ | 115,725 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration