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PREPAID EXPENSES AND OTHER
6 Months Ended
Apr. 29, 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):
April 29,
2023
October 29,
2022
Contract assets for unbilled accounts receivable, net$180,020 $156,039 
Prepaid VAT and other taxes68,769 63,975 
Prepaid expenses50,301 55,440 
Other non-trade receivables41,265 35,929 
Product demonstration equipment, net41,359 33,516 
Capitalized contract acquisition costs29,213 24,026 
Foreign currency forward contracts4,240 251 
Deferred deployment expense520 877 
 $415,687 $370,053 

Depreciation of product demonstration equipment was $3.8 million during the first six months of fiscal 2023 and $4.8 million during the first six months of fiscal 2022.

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