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PREPAID EXPENSES AND OTHER
3 Months Ended
Jan. 28, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES AND OTHER PREPAID EXPENSES AND OTHER
As of the dates indicated, prepaid expenses and other are comprised of the following (in thousands):
January 28,
2023
October 29,
2022
Contract assets for unbilled accounts receivable, net$148,758 $156,039 
Prepaid VAT and other taxes68,000 63,975 
Prepaid expenses60,809 55,440 
Product demonstration equipment, net37,754 35,929 
Capitalized contract acquisition costs31,561 33,516 
Other non-trade receivables24,263 24,026 
Derivative assets2,985 251 
Deferred deployment expense460 877 
 $374,590 $370,053 

Depreciation of product demonstration equipment was $1.9 million during the first three months of fiscal 2023 and $2.4 million during the first three months of fiscal 2022.

For further discussion on contract assets and capitalized contract acquisition costs, see Note 3 above.