July 31, 2021

Fair Value Measurement

Balance Sheet Classification

Cost

Unrealized

Gains

Unrealized

Losses

Fair

Value

Cash and

Cash

Equivalents

Marketable

Securities,

Current

Marketable

Securities,

Non-

current

Other Accrued Liabilities

(in thousands)

Changes in Fair Value Recorded in

Other Comprehensive Loss

Level 2:

Commercial paper

$

35,925

$

2

$

(6

)

$

35,921

$

—

$

35,921

$

—

$

—

Corporate notes/bonds

36,014

2

(19

)

35,997

—

20,601

15,396

—

U.S. Treasury and Agency Securities

1,975

—

—

1,975

—

1,975

—

—

Total debt investments

$

73,914

$

4

$

(25

)

$

73,893

$

—

$

58,497

$

15,396

$

—

Changes in Fair Value Recorded in

Net Income

Level 1:

Mutual funds (1)

$

181,089

$

—

$

9,750

$

171,339

$

—

Total equity investments

$

181,089

$

—

$

9,750

$

171,339

$

—

Cash

$

554,698

$

554,698

$

—

$

—

$

—

Money market funds

94,606

94,606

—

—

—

Level 2:

Foreign currency forward contracts

(203

)

—

—

—

(203

)

Total

$

904,083

$

649,304

$

68,247

$

186,735

$

(203

)

April 30, 2021

Fair Value Measurement

Balance Sheet Classification

Cost

Unrealized

Gains

Unrealized

Losses

Fair

Value

Cash and

Cash

Equivalents

Marketable

Securities,

Current

Marketable

Securities,

Non-current

Other Accrued Liabilities

(in thousands)

Changes in Fair Value Recorded in

Other Comprehensive Income

Level 2:

Commercial paper

$

51,979

$

1

$

(7

)

$

51,973

$

9,499

$

42,474

$

—

$

—

Corporate notes/bonds

26,371

—

(20

)

26,351

—

10,134

16,217

—

U.S. Treasury and Agency Securities

1,975

—

—

1,975

—

1,975

—

—

Total debt investments

$

80,325

$

1

$

(27

)

$

80,299

$

9,499

$

54,583

$

16,217

$

—

Changes in Fair Value Recorded in

Net Income

Level 1:

Mutual funds (1)

$

175,559

$

—

$

9,084

$

166,475

$

—

Total equity investments

$

175,559

$

—

$

9,084

$

166,475

$

—

Cash

$

752,737

$

752,737

$

—

$

—

$

—

Money market funds

88,542

88,542

—

—

—

Level 2:

Foreign currency forward contracts

(12

)

—

—

—

(12

)

Total

$

1,097,125

$

850,778

$

63,667

$

182,692

$

(12

)

(1)

These investments are held in trust for settlement of the Company’s vested obligations of $171.2 million and $157.3 million as of July 31, 2021 and April 30, 2021, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $24.7 million and $26.5 million as of July 31, 2021 and April 30, 2021, respectively. During the three months ended July 31, 2021 and 2020, the fair value of the investments increased; therefore, the Company recognized a gain of $5.2 million and $11.5 million, respectively, which was recorded in other income, net.

July 31,

2021

April 30,

2021

(in thousands)

Derivative assets:

Foreign currency forward contracts

$

779

$

822

Derivative liabilities:

Foreign currency forward contracts

$

982

$

834

July 31,

2021

April 30,

2021

(in thousands)

Derivative assets:

Foreign currency forward contracts

$

779

$

822

Derivative liabilities:

Foreign currency forward contracts

$

982

$

834