Stock-Based Compensation

3 Months Ended

Jan. 25, 2014

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 Operations as follows (in thousands):

	Three Months Ended
	January 25, 2014		January 26, 2013
Cost of revenues	$	3,142	$	3,946
Research and development	4,336		4,685
Sales and marketing	6,765		8,145
General and administrative	4,345		2,374
Total stock-based compensation	$	18,588	$	19,150

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

	Three Months Ended
	January 25, 2014		January 26, 2013
Stock options, including variable options	$	1,281	$	209
Restricted stock units, including stock units with market conditions (altogether “RSUs”)	14,584		13,670
Employee stock purchase plan (“ESPP”)	2,723		5,271
Total stock-based compensation	$	18,588	$	19,150

The following table presents the unrecognized compensation expense, net of estimated forfeitures, of the Company’s equity compensation plans as of January 25, 2014, 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	$	6,005	1.66
RSUs	$	99,026	1.93
ESPP	$	5,557	0.91

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

	Three Months Ended
	January 25, 2014			January 26, 2013
	Granted (in thousands)	Weighted-Average Grant Date Fair Value		Granted (in thousands)	Weighted-Average Grant Date Fair Value
Stock options	1,270	$	3.25	2,400	$	2.40
RSUs	2,885	$	10.75	3,777	$	5.58

The total intrinsic value of stock options exercised for the three months ended January 25, 2014, and January 26, 2013, was $2.1 million and $5.1 million, respectively.