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Fair Value Measurements (Tables)

3 Months Ended

Jan. 31, 2020

Fair Value Disclosures [Abstract]

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, 2020
	Level 1				Level 2				Level 3				Total
Assets:
Money market funds	$	632,620			$	—			$	—			$	632,620
Bond mutual fund	50,180				—				—				50,180
U.S. government obligations	—				120,143				—				120,143
Foreign currency forward contracts	—				273				—				273
Total assets measured at fair value	$	682,800			$	120,416			$	—			$	803,216
Liabilities:
Foreign currency forward contracts	$	—			$	710			$	—			$	710
Forward starting interest rate swaps	—				22,225				—				22,225
Contingent consideration	—				—				3,705				3,705
Total liabilities measured at fair value	$	—			$	22,935			$	3,705			$	26,640

	October 31, 2019
	Level 1				Level 2				Level 3				Total
Assets:
Money market funds	$	759,114			$	—			$	—			$	759,114
U.S. government obligations	—				119,954				—				119,954
Foreign currency forward contracts	—				1,570				—				1,570
Total assets measured at fair value	$	759,114			$	121,524			$	—			$	880,638
Liabilities:
Foreign currency forward contracts	$	—			$	35			$	—			$	35
Forward starting interest rate swaps	—				21,093				—				21,093
Contingent consideration	—				—				3,705				3,705
Total liabilities measured at fair value	$	—			$	21,128			$	3,705			$	24,833

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):

	January 31, 2020
	Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents	$	682,800			$	—			$	—			$	682,800
Short-term investments	—				110,067				—				110,067
Prepaid expenses and other	—				273				—				273
Long-term investments	—				10,076				—				10,076
Total assets measured at fair value	$	682,800			$	120,416			$	—			$	803,216
Liabilities:
Accrued liabilities and other short-term obligations	$	—			$	710			$	3,705			$	4,415
Other long-term obligations	—				22,225				—				22,225
Total liabilities measured at fair value	$	—			$	22,935			$	3,705			$	26,640

	October 31, 2019
	Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents	$	759,114			$	—			$	—			$	759,114
Short-term investments	—				109,940				—				109,940
Prepaid expenses and other	—				1,570				—				1,570
Long-term investments	—				10,014				—				10,014
Total assets measured at fair value	$	759,114			$	121,524			$	—			$	880,638
Liabilities:
Accrued liabilities and other short-term obligations	$	—			$	35			$	—			$	35
Other long-term obligations	—				21,093				3,705				24,798
Total liabilities measured at fair value	$	—			$	21,128			$	3,705			$	24,833

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- References

No definition available.

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