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Equity Incentive Plans (Tables)
6 Months Ended
Aug. 06, 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(3,400,405)8.79   
Options forfeited(1,778)1.90   
Balance at the end of the second quarter of fiscal 2024
5,866,315 $12.12 2.4$149,619 
Vested and exercisable at the end of the second quarter of fiscal 2024
5,779,285 $12.20 2.3$146,519 
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
15,402,633 25.00 
Vested(7,175,365)22.90 
Forfeited(2,217,883)24.57 
Unvested balance at the end of the second quarter of fiscal 2024
32,769,905 $25.30 $1,230,529 
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
 2023202420232024
Cost of revenue—product$2,607 $2,958 $4,470 $5,613 
Cost of revenue—subscription services5,808 6,851 11,164 12,498 
Research and development
41,575 44,085 78,092 82,317 
Sales and marketing17,954 19,493 36,299 36,674 
General and administrative15,620 16,060 28,110 30,175 
Total stock-based compensation expense$83,564 $89,447 $158,135 $167,277