XML 48 R37.htm IDEA: XBRL DOCUMENT v3.23.1

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Apr. 29, 2023

Fair Value Disclosures [Abstract]

Schedule of the Fair Value of Assets and Liabilities Recorded on a Recurring Basis

As of the dates indicated, the following tables summarize the assets and liabilities that are recorded at fair value on a recurring basis (in thousands):

			April 29, 2023
			Level 1						Level 2						Level 3						Total
Assets:
Money market funds			$	804,637					$	—					$	—					$	804,637
Bond mutual fund			101,352						—						—						101,352
Time deposits			91,451						—						—						91,451
Deferred compensation plan assets			11,565						—						—						11,565
U.S. government obligations			—						119,047						—						119,047
Corporate debt securities			—						57,658						—						57,658
Foreign currency forward contracts			—						4,240						—						4,240
Interest rate swaps			—						6,597						—						6,597
Total assets measured at fair value			$	1,009,005					$	187,542					$	—					$	1,196,547
Liabilities:
Foreign currency forward contracts			$	—					$	10,364					$	—					$	10,364
Interest rate swaps			—						3,211						—						3,211
Total liabilities measured at fair value			$	—					$	13,575					$	—					$	13,575

			October 29, 2022
			Level 1						Level 2						Level 3						Total
Assets:
Money market funds			$	639,024					$	—					$	—					$	639,024
Bond mutual fund			71,145						—						—						71,145
Time deposits			55,825						—						—						55,825
Deferred compensation plan assets			12,751						—						—						12,751
U.S. government obligations			—						134,584						—						134,584
Corporate debt securities			—						54,495						—						54,495
Foreign currency forward contracts			—						251						—						251
Interest rate swaps			—						12,306						—						12,306
Total assets measured at fair value			$	778,745					$	201,636					$	—					$	980,381
Liabilities:
Foreign currency forward contracts			$	—					$	15,605					$	—					$	15,605
Total liabilities measured at fair value			$	—					$	15,605					$	—					$	15,605

Schedule of Assets and Liabilities as Presented on Ciena's Condensed Consolidated Balance Sheets

As of the dates indicated, the assets and liabilities above are presented on Ciena’s Condensed Consolidated Balance Sheets as follows (in thousands):

			April 29, 2023
			Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents			$	990,921					$	7,523					$	—					$	998,444
Short-term investments			6,519						143,945						—						150,464
Prepaid expenses and other			—						4,240						—						4,240
Long-term investments			—						25,237						—						25,237
Other long-term assets			11,565						6,597						—						18,162
Total assets measured at fair value			$	1,009,005					$	187,542					$	—					$	1,196,547
Liabilities:
Accrued liabilities and other short-term obligations			$	—					$	10,364					$	—					$	10,364
Other long-term obligations			—						3,211						—						3,211
Total liabilities measured at fair value			$	—					$	13,575					$	—					$	13,575

			October 29, 2022
			Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents			$	757,725					$	7,974					$	—					$	765,699
Short-term investments			8,269						145,720						—						153,989
Prepaid expenses and other			—						251						—						251
Long-term investments			—						35,385						—						35,385
Other long-term assets			12,751						12,306						—						25,057
Total assets measured at fair value			$	778,745					$	201,636					$	—					$	980,381
Liabilities:
Accrued liabilities and other short-term obligations			$	—					$	15,605					$	—					$	15,605
Total liabilities measured at fair value			$	—					$	15,605					$	—					$	15,605

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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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 https://asc.fasb.org/extlink&oid=123594938&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration