Stock-Based Compensation

6 Months Ended

Apr. 29, 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				Six Months Ended
	April 29, 2017		April 30, 2016		April 29, 2017		April 30, 2016
Cost of revenues	$	3,234	$	3,531	$	8,884	$	6,436
Research and development	6,631		5,123		18,705		10,599
Sales and marketing	9,779		11,052		26,594		22,130
General and administrative	6,645		5,083		17,620		9,668
Total stock-based compensation expense	$	26,289	$	24,789	$	71,803	$	48,833

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



	Three Months Ended				Six Months Ended
	April 29, 2017		April 30, 2016		April 29, 2017		April 30, 2016
Stock options	$	641	$	708	$	1,296	$	1,437
RSUs, including restricted stock units with market conditions	25,648		20,589		52,985		40,382
Employee stock purchase plan (“ESPP”) ⁽¹⁾	—		3,492		17,522		7,014
Total stock-based compensation expense	$	26,289	$	24,789	$	71,803	$	48,833


⁽¹⁾	The ESPP stock-based compensation expense recognized in the six months ended April 29, 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 April 29, 2017 (in thousands, except for the weighted-average period):



	Unrecognized Compensation Expense		Weighted- Average Period (In years)
Stock options	$	639	0.58
RSUs, including restricted stock units with market conditions	$	125,342	1.78

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



	Six Months Ended
	April 29, 2017			April 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	4,046	$	9.31	4,181	$	8.13

The total intrinsic value of stock options exercised for the six months ended April 29, 2017, and April 30, 2016, was $15.0 million and $1.1 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.

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