April 30, 2022

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

$

41,627

$

—

$

(126

)

$

41,501

$

15,489

$

26,012

$

—

$

—

Corporate notes/bonds

37,736

—

(450

)

37,286

—

20,242

17,044

—

U.S. Treasury and Agency Securities

995

—

(8

)

987

—

987

—

—

Total debt investments

$

80,358

$

—

$

(584

)

$

79,774

$

15,489

$

47,241

$

17,044

$

—

Changes in Fair Value Recorded in

Net Income

Level 1:

Mutual funds (1)

$

168,742

$

—

$

10,003

$

158,739

$

—

Total equity investments

$

168,742

$

—

$

10,003

$

158,739

$

—

Cash

$

874,490

$

874,490

$

—

$

—

$

—

Money market funds

88,091

88,091

—

—

—

Level 2:

Foreign currency forward contracts

(204

)

—

—

—

(204

)

Total

$

1,210,893

$

978,070

$

57,244

$

175,783

$

(204

)

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 $160.8 million and $157.3 million as of April 30, 2022 and 2021, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $24.0 million and $26.5 million as of April 30, 2022 and 2021, respectively. During fiscal 2022 and 2020, the fair value of the investments decreased; therefore, the Company recognized a loss of $12.0 million and $1.8 million, respectively, which was recorded in other (loss) income, net. During fiscal 2021, the fair value of the investments increased; therefore, the Company recognized income of $38.5 million which was recorded in other (loss) income, net.

April 30,

2022

2021

(in thousands)

Derivative assets:

Foreign currency forward contracts

$

1,639

$

822

Derivative liabilities:

Foreign currency forward contracts

$

1,843

$

834

April 30,

2022

2021

(in thousands)

Derivative assets:

Foreign currency forward contracts

$

1,639

$

822

Derivative liabilities:

Foreign currency forward contracts

$

1,843

$

834