Equity Incentive Plans - (Tables)

6 Months Ended

Aug. 07, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity Under Equity Incentive Plans and Related Information

A summary of the stock option activity under our equity incentive plans and related information is as follows:

 

	Options Outstanding
	Number of Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)	Aggregate Intrinsic Value (in thousands)
Balance at the end of fiscal 2022	12,268,938	$	10.25	3.5	$	198,266
Options exercised	(1,857,462)	8.22
Options forfeited	(10,172)	1.81
Balance at the end of the second quarter of fiscal 2023	10,401,304	$	10.63	3.2	$	198,081
Vested and exercisable at the end of the second quarter of fiscal 2023	10,001,776	$	10.93	3.0	$	186,994

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

A summary of the RSU and PRSU activity under our equity incentive plans and related information is as follows:

	Number of RSUs and PRSUs Outstanding	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value (in thousands)
Unvested balance at the end of fiscal 2022	28,712,878	$	19.53	$	757,446
Granted	11,570,282	30.24
Vested	(7,150,242)	19.29
Forfeited	(2,001,382)	20.96
Unvested balance at the end of the second quarter of fiscal 2023	31,131,536	$	23.47	$	922,485

Schedule of Restricted Stock Activity

A summary of the restricted stock activity under our 2015 Plan and related information is as follows:

	Number of Restricted Stock Outstanding	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value (in thousands)
Unvested balance at the end of fiscal 2022	54,977	$	20.02	$	1,450
Vested	(54,977)	20.02
Forfeited	—	—
Unvested balance at the end of the second quarter of fiscal 2023	—	$	—	$	—

Summarizes the Components of Stock-Based Compensation

The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands):

 

	Second Quarter of Fiscal				First Two Quarters of Fiscal
	2022		2023		2022		2023
Cost of revenue—product	$	1,566	$	2,607	$	2,913	$	4,470
Cost of revenue—subscription services	5,137		5,808		9,543		11,164
Research and development	35,125		41,575		65,546		78,092
Sales and marketing	18,358		17,954		35,166		36,299
General and administrative	10,243		15,620		18,595		28,110
Total stock-based compensation expense	$	70,429	$	83,564	$	131,763	$	158,135