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Stock-Based Compensation and Shareholders' Equity
 6 Months Ended
May 02, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation and Shareholders' Equity Stock-Based Compensation and Shareholders' Equity
A summary of the Company’s stock option activity as of May 2, 2020 and changes during the six-month period then ended is presented below:
Options
Outstanding
(in thousands)
Weighted-
Average Exercise
Price Per Share
Weighted-
Average
Remaining
Contractual
Term in Years
Aggregate
Intrinsic
Value
Options outstanding at November 2, 20195,183  $65.97  
Options granted359  $94.41  
Options exercised(583) $52.97  
Options forfeited(63) $81.86  
Options outstanding at May 2, 20204,896  $69.37  5.9$169,549  
Options exercisable at May 2, 20203,272  $60.59  4.9$141,272  
Options vested or expected to vest at May 2, 2020 (1)4,770  $68.80  5.8$167,821  
(1) In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. The number of options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.
During the six-month periods ended May 2, 2020 and May 4, 2019, the total intrinsic value of options exercised (i.e., the difference between the market price at exercise and the price paid by the employee to exercise the options) was $35.3 million and $99.7 million, respectively.
A summary of the Company’s restricted stock unit/award activity as of May 2, 2020 and changes during the six-month period then ended is presented below: 
Restricted
Stock Units/Awards
Outstanding
(in thousands)
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units/awards outstanding at November 2, 20194,396  $87.18  
Units/Awards granted1,375  $86.69  
Restrictions lapsed(1,248) $85.86  
Forfeited(155) $87.17  
Restricted stock units/awards outstanding at May 2, 20204,368  $87.56  
As of May 2, 2020, there was $349.4 million of total unrecognized compensation cost related to unvested stock-based awards comprised of stock options and restricted stock units/awards. That cost is expected to be recognized over a weighted-average period of 1.5 years. The total grant-date fair values of awards that vested during the six-month periods ended May 2, 2020 and May 4, 2019 were approximately $113.4 million and $106.4 million, respectively.

Total stock-based compensation expense recognized was as follows:
Three Months EndedSix Months Ended
May 2, 2020May 4, 2019May 2, 2020May 4, 2019
Cost of sales$4,356  $5,389  $8,920  $10,473  
Research and development18,400  19,567  36,005  38,492  
Selling, marketing, general and administrative13,144  15,273  28,476  27,657  
Total stock-based compensation expense$35,900  $40,229  $73,401  $76,622  

As of May 2, 2020 and November 2, 2019, the Company capitalized $5.9 million and $6.8 million, respectively, of stock-based compensation in Inventories on the Condensed Consolidated Balance Sheets.
Common Stock Repurchases
As of May 2, 2020, the Company had repurchased a total of approximately 156.1 million shares of its common stock for approximately $6.3 billion under the Company's share repurchase program. As of May 2, 2020, an additional $1.9 billion remains available for repurchase of shares under the current authorized program. The Company also repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock units/awards or the exercise of stock options. Given the current macroeconomic environment, the Company has temporarily suspended common stock repurchases under the authorized program. Future repurchases of common stock will be dependent upon our financial position, results of operations, outlook, liquidity, and other factors deemed relevant by the Company.

Analog Devices Foundation
During the first quarter of fiscal 2020, the Company contributed 335,654 shares of its common stock to the Analog Devices Foundation. As of the date of the charitable contribution the shares had a fair value of approximately $40.0 million. This expense was recorded in Selling, marketing, general and administrative expense in the Condensed Consolidated Statement of Income.