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Stockholders' Equity and Stock-Based Compensation (Tables)

9 Months Ended

Aug. 02, 2014

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

As of August 2, 2014, the Company’s Board of Directors declared the following dividends (in thousands, except per share amounts):

Declaration Date

Dividend per Share

Record Date

Total Amount Paid

Payment Date

May 22, 2014

0.035

June 10, 2014

15,270

July 2, 2014

Stock-Based Compensation Expense Included In Line Items Of Consolidated Statements Of Operations

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				Nine Months Ended
	August 2, 2014		July 27, 2013		August 2, 2014		July 27, 2013
Cost of revenues	$	4,121	$	3,858	$	10,738	$	11,345
Research and development	4,350		4,020		13,107		13,205
Sales and marketing	7,592		7,164		22,819		23,321
General and administrative	5,511		3,727		14,550		9,220
Total stock-based compensation	$	21,574	$	18,769	$	61,214	$	57,091

Stock-Based Compensation Expense By Grant Type

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



	Three Months Ended				Nine Months Ended
	August 2, 2014		July 27, 2013		August 2, 2014		July 27, 2013
Stock options, including variable options	$	1,072	$	828	$	3,602	$	1,818
Restricted stock units, including stock units with market conditions (altogether “RSUs”)	13,970		11,202		45,957		38,351
Employee stock purchase plan (“ESPP”)	6,532		6,739		11,655		16,922
Total stock-based compensation	$	21,574	$	18,769	$	61,214	$	57,091

Stock-Based Compensation, Unrecognized Compensation Expense And Weighted-Average Period

The following table presents the unrecognized compensation expense, net of estimated forfeitures, of the Company’s equity compensation plans as of August 2, 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	$	5,432	1.49
RSUs	$	124,306	2.03
ESPP	$	19,606	1.17

Schedule of Share-based Compensation, Activity

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



	Nine Months Ended
	August 2, 2014			July 27, 2013
	Granted (in thousands)	Weighted-Average Grant Date Fair Value		Granted (in thousands)	Weighted-Average Grant Date Fair Value
Stock options	1,770	$	3.16	2,875	$	2.34
RSUs	10,419	$	9.81	11,519	$	5.70

The total intrinsic value of stock options exercised for the nine months ended August 2, 2014, and July 27, 2013, was $22.3 million and $19.5 million, respectively.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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