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Fair Value Measurements (Tables)

9 Months Ended

Aug. 01, 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):

			August 1, 2020
			Level 1						Level 2						Level 3						Total
Assets:
Money market funds			$	899,212					$	—					$	—					$	899,212
Bond mutual fund			50,309						—						—						50,309
Deferred compensation plan assets			7,830						—						—						7,830
U.S. government obligations			—						70,404						—						70,404
Foreign currency forward contracts			—						467						—						467
Total assets measured at fair value			$	957,351					$	70,871					$	—					$	1,028,222
Liabilities:
Foreign currency forward contracts			$	—					$	1,273					$	—					$	1,273
Forward starting interest rate swaps			—						31,932						—						31,932
Total liabilities measured at fair value			$	—					$	33,205					$	—					$	33,205

			November 2, 2019
			Level 1						Level 2						Level 3						Total
Assets:
Money market funds			$	759,114					$	—					$	—					$	759,114
Deferred compensation plan assets			4,974						—						—						4,974
U.S. government obligations			—						119,954						—						119,954
Foreign currency forward contracts			—						1,570						—						1,570
Total assets measured at fair value			$	764,088					$	121,524					$	—					$	885,612
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):

			August 1, 2020
			Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents			$	949,521					$	—					$	—					$	949,521
Short-term investments			—						70,404						—						70,404
Prepaid expenses and other			—						467						—						467
Other long-term assets			7,830						—						—						7,830
Total assets measured at fair value			$	957,351					$	70,871					$	—					$	1,028,222
Liabilities:
Accrued liabilities and other short-term obligations			—						1,273						—						1,273
Other long-term obligations			—						31,932						—						31,932
Total liabilities measured at fair value			$	—					$	33,205					$	—					$	33,205

			November 2, 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
Other long-term assets			4,974						—						—						4,974
Total assets measured at fair value			$	764,088					$	121,524					$	—					$	885,612
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=121572278&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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No definition available.

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