Stock-Based Compensation

9 Months Ended

Jul. 30, 2016

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, is included in the following line items of the Company’s Condensed Consolidated Statements of Income as follows (in thousands):

	Three Months Ended				Nine Months Ended
	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
Cost of revenues	$	5,965	$	3,955	$	12,400	$	9,757
Research and development	9,206		5,226		19,805		13,239
Sales and marketing	17,756		10,601		39,886		27,651
General and administrative	11,716		4,655		21,384		13,947
Total stock-based compensation expense	$	44,643	$	24,437	$	93,475	$	64,594

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

	Three Months Ended				Nine Months Ended
	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
Stock options	$	3,291	$	973	$	4,727	$	2,865
RSUs, including restricted stock units with market conditions	35,604		18,941		75,986		48,192
Employee stock purchase plan (“ESPP”)	5,748		4,523		12,762		13,537
Total stock-based compensation expense	$	44,643	$	24,437	$	93,475	$	64,594

The following table presents the unrecognized compensation expense, net of estimated forfeitures, by grant type and the related weighted-average periods over which this expense is expected to be recognized as of July 30, 2016 (in thousands, except for the weighted-average period):

	Unrecognized Compensation Expense		Weighted- Average Period (In years)
Stock options	$	2,161	1.10
RSUs, including restricted stock units with market conditions	$	166,357	2.69
ESPP	$	24,497	1.21

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

	Nine Months Ended
	July 30, 2016			August 1, 2015
	Granted (Shares in thousands)	Weighted-Average Grant Date Fair Value		Granted (Shares in thousands)	Weighted-Average Grant Date Fair Value
Stock options	1,390	$	1.36	1,117	$	3.09
RSUs, including stock units with market conditions	17,879	$	7.90	10,251	$	11.53

The total intrinsic value of stock options exercised for the nine months ended July 30, 2016, and August 1, 2015, was $1.2 million and $2.9 million, respectively.