Stock-Based Compensation

3 Months Ended

Jan. 31, 2015

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

Stockholders' Equity and 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
	January 31, 2015		January 25, 2014
Cost of revenues	$	3,816	$	3,142
Research and development	4,933		4,336
Sales and marketing	9,843		6,765
General and administrative	5,490		4,345
Total stock-based compensation	$	24,082	$	18,588

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

	Three Months Ended
	January 31, 2015		January 25, 2014
Stock options	$	1,356	$	1,281
Restricted stock units, including stock units with market conditions (altogether “RSUs”)	17,934		14,584
Employee stock purchase plan (“ESPP”)	4,792		2,723
Total stock-based compensation	$	24,082	$	18,588

The following table presents the unrecognized compensation expense, net of estimated forfeitures, of the Company’s equity compensation plans as of January 31, 2015, which is expected to be recognized over the following weighted-average periods (in thousands, except for the weighted-average period):

	Unrecognized Compensation Expense		Weighted- Average Period (in years)
Stock options	$	5,791	1.41
RSUs	$	130,468	2.04
ESPP	$	12,005	0.95

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

	Three Months Ended
	January 31, 2015			January 25, 2014
	Granted (in thousands)	Weighted-Average Grant Date Fair Value		Granted (in thousands)	Weighted-Average Grant Date Fair Value
Stock options	1,117	$	3.09	1,270	$	3.25
RSUs	3,641	$	10.87	2,885	$	10.75

The total intrinsic value of stock options exercised for the three months ended January 31, 2015, and January 25, 2014, was $1.0 million and $2.1 million, respectively.