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Equity Incentive Plans (Tables)
3 Months Ended
May 07, 2023
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 20239,268,498 $10.90 2.7$176,674 
Options exercised(790,240)5.85   
Options forfeited(1,778)1.90   
Balance at the end of the first quarter of fiscal 2024
8,476,480 $11.37 2.5$95,984 
Vested and exercisable at the end of the first quarter of fiscal 2024
8,346,944 $11.46 2.4$93,301 
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 202326,760,520 $24.78 $800,407 
Granted
14,435,336 24.20 
Vested(3,669,301)23.28 
Forfeited(1,439,343)24.06 
Unvested balance at the end of the first quarter of fiscal 2024
36,087,212 $24.72 $817,026 
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):
 
 
First Quarter of Fiscal
 20232024
Cost of revenue—product$1,863 $2,655 
Cost of revenue—subscription services5,356 5,647 
Research and development
36,517 38,232 
Sales and marketing18,345 17,181 
General and administrative12,490 14,115 
Total stock-based compensation expense$74,571 $77,830