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Equity Incentive Plans (Tables)
9 Months Ended
Nov. 05, 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(3,711,431)8.86   
Options forfeited(1,778)1.90   
Balance at the end of the third quarter of fiscal 2024
5,555,289 $12.26 2.2$126,547 
Vested and exercisable at the end of the third quarter of fiscal 2024
5,502,850 $12.28 2.2$124,815 
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
16,453,548 25.68 
Vested(10,612,542)22.90 
Forfeited(3,017,178)25.00 
Unvested balance at the end of the third quarter of fiscal 2024
29,584,348 $25.92 $1,034,269 
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):
 
 
Third Quarter of Fiscal
First Three Quarters of Fiscal
 2023202420232024
Cost of revenue—product$2,984 $1,443 $7,454 $7,056 
Cost of revenue—subscription services5,814 6,849 16,978 19,347 
Research and development
42,390 43,908 120,482 126,225 
Sales and marketing18,441 19,209 54,740 55,883 
General and administrative17,350 16,557 45,460 46,732 
Total stock-based compensation expense$86,979 $87,966 $245,114 $255,243