OTHER BALANCE SHEET DETAILS

9 Months Ended

Jul. 27, 2024

Balance Sheet Related Disclosures [Abstract]

As of the dates indicated, other long-term assets are comprised of the following (in thousands):


	July 27, 2024		October 28, 2023
Maintenance spares inventory, net	$	68,100	$	54,042
Equity investments(1)	21,730		48
Deferred compensation plan assets	15,590		11,456
Forward starting interest rate swaps	12,316		24,953
Capitalized contract acquisition costs	7,423		6,879
Cloud computing arrangements(2)	6,946		8,589
Deferred debt issuance costs, net	1,806		1,956
Restricted cash	164		168

Other	11,438		8,362
	$	145,513	$	116,453

(1) Increase is due to an equity investment in a privately held technology company during fiscal 2024.

(2) Amortization of cloud computing arrangements was $3.4 million and $1.9 million during the first nine months of fiscal 2024 and fiscal 2023, respectively.

As of the dates indicated, accrued liabilities and other short-term obligations are comprised of the following (in thousands):


	July 27, 2024		October 28, 2023
Compensation, payroll related tax and benefits	$	120,889	$	159,530
Warranty	49,933		57,089
Vacation	31,419		29,503
Interest payable	8,806		4,514
Foreign currency forward contracts	7,271		14,509
Income taxes payable	6,537		16,341
Finance lease liabilities	4,306		3,953

Other	118,077		145,980
	$	347,238	$	431,419

The following table summarizes the activity in Ciena’s accrued warranty for the periods indicated (in thousands):


	Beginning Balance		Current Period Provisions	Settlements	Ending Balance
Nine Months Ended July 29, 2023	$	45,503	18,860	(14,859)	$	49,504
Nine Months Ended July 27, 2024	$	57,089	14,708	(21,864)	$	49,933

As of the dates indicated, deferred revenue is comprised of the following (in thousands):


	July 27, 2024		October 28, 2023
Products	$	20,081	$	28,353
Services	237,004		200,107
Total deferred revenue	257,085		228,460
Less current portion	(179,457)		(154,419)
Long-term deferred revenue	$	77,628	$	74,041