Stock-Based Compensation

6 Months Ended

Apr. 27, 2013

Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]

Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation expense, net of estimated forfeitures, was included in the following line items of the Condensed Consolidated Statements of Income as follows (in thousands):

	Three Months Ended				Six Months Ended
	April 27, 2013		April 28, 2012		April 27, 2013		April 28, 2012
Cost of revenues	$	3,541	$	4,596	$	7,487	$	8,971
Research and development	4,500		5,603		9,185		10,631
Sales and marketing	8,012		10,687		16,157		20,463
General and administrative	3,119		2,972		5,493		5,612
Total stock-based compensation	$	19,172	$	23,858	$	38,322	$	45,677

The following table presents stock-based compensation expense, net of estimated forfeitures, by grant type (in thousands):

	Three Months Ended				Six Months Ended
	April 27, 2013		April 28, 2012		April 27, 2013		April 28, 2012
Stock options, including variable options	$	781	$	455	$	990	$	730
Restricted stock awards and restricted stock units (“RSUs”)	13,479		19,650		27,149		36,721
Employee stock purchase plan (“ESPP”)	4,912		3,753		10,183		8,226
Total stock-based compensation	$	19,172	$	23,858	$	38,322	$	45,677

The following table presents unrecognized compensation expense, net of estimated forfeitures, of the Company’s equity compensation plans as of April 27, 2013, which is expected to be recognized over the following weighted-average periods (in thousands, except for weighted-average period):

	Unrecognized Compensation Expense		Weighted- Average Period (in years)
Stock options	$	4,951	1.78
RSUs	$	80,584	1.88
ESPP	$	9,984	0.87

The following table presents details on grants made by the Company for the following periods:

	Six Months Ended			Six Months Ended
	April 27, 2013			April 28, 2012
	Granted (in thousands)	Weighted-Average Grant Date  Fair Value		Granted (in thousands)	Weighted-Average Grant Date  Fair Value
Stock options	2,625	$	2.37	160	$	2.39
RSUs	4,646	$	5.61	1,491	$	5.60

The total intrinsic value of stock options exercised for the six months ended April 27, 2013, and April 28, 2012, was $13.3 million and $19.8 million, respectively.