OTHER BALANCE SHEET DETAILS (Tables)
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9 Months Ended |
Jul. 27, 2024 |
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| Balance Sheet Related Disclosures [Abstract] |
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| Schedule of Other Long-term Assets |
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.
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| Schedule of Accrued Liabilities |
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 | |
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| Schedule of Accrued Warranties |
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 | |
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| Schedule of Contract Balances |
The following table provides information about receivables, contract assets and contract liabilities (deferred revenue) from contracts with customers as of the dates indicated (in thousands): | | | | | | | | | | | | | | | | | Balance at July 27, 2024 | | Balance at October 28, 2023 | | Accounts receivable, net | | $ | 899,877 | | | $ | 1,003,876 | | | Contract assets for unbilled accounts receivable, net | | $ | 142,769 | | | $ | 150,312 | | | Deferred revenue | | $ | 257,085 | | | $ | 228,460 | |
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 | |
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