Stock-Based Compensation

3 Months Ended

Jan. 28, 2017

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 Operations as follows (in thousands):



	Three Months Ended
	January 28, 2017		January 30, 2016
Cost of revenues	$	5,650	$	2,905
Research and development	12,074		5,476
Sales and marketing	16,814		11,078
General and administrative	10,975		4,585
Total stock-based compensation expense	$	45,513	$	24,044

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



	Three Months Ended
	January 28, 2017		January 30, 2016
Stock options	$	655	$	729
RSUs, including restricted stock units with market conditions	27,336		19,793
Employee stock purchase plan (“ESPP”) ⁽¹⁾	17,522		3,522
Total stock-based compensation expense	$	45,513	$	24,044


⁽¹⁾	The ESPP stock-based compensation expense recognized in the three months ended January 28, 2017, includes the acceleration of all of the unamortized expense in the first quarter of fiscal year 2017 due to the suspension of the Company’s ESPP without concurrent replacement awards as required under the terms of the merger agreement with Broadcom.

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 January 28, 2017 (in thousands, except for the weighted-average period):



	Unrecognized Compensation Expense		Weighted- Average Period (In years)
Stock options	$	949	0.75
RSUs, including restricted stock units with market conditions	$	145,530	1.99

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



	Three Months Ended
	January 28, 2017			January 30, 2016
	Granted (Shares in thousands)	Weighted-Average Grant Date Fair Value		Granted (Shares in thousands)	Weighted-Average Grant Date Fair Value
RSUs, including stock units with market conditions	3,799	$	9.13	3,476	$	7.96

The total intrinsic value of stock options exercised for three months ended January 28, 2017, and January 30, 2016, was $8.6 million and $0.1 million, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details