XML 42 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Stock and Savings Plans (Tables)
12 Months Ended
Jan. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award  
Proceeds From and Intrinsic Value of Options Exercised
The total intrinsic value of options exercised and cash received from options exercised was as follows:
 
Year ended January 31,
2014
 
2013
 
2012
Intrinsic value
$
26,769

 
$
21,647

 
$
15,802

Cash received
$
38,830

 
$
24,262

 
$
15,194

Schedule of Restricted Stock Activity
The following table summarizes restricted stock activity (including the target number of shares awarded under performance-based restricted stock units):
 
 
Restricted
Stock Units
 
Weighted
Average Grant
Date Fair Value
 
Weighted
Average
Remaining
Contractual Term
(Years)
 
Aggregate
Intrinsic
Value
Nonvested as of January 31, 2013
3,996

 
$
13.39

 
 
 
 
Granted
1,616

 
22.42

 
 
 
 
Vested
(1,374
)
 
12.93

 
 
 
 
Forfeited
(155
)
 
14.83

 
 
 
 
Nonvested as of January 31, 2014
4,083

 
$
17.07

 
1.60
 
$
84,925

Schedule Of Fair Value Of Restricted Stock Units Vested
The following table summarizes the fair value of restricted stock units vested:
Year ended January 31,
2014
 
2013
 
2012
Total fair value of restricted stock units vested
$
17,736

 
$
11,698

 
$
5,446

Schedule of Shares Issued Under Employee Stock Purchase Plans
The following table summarizes shares issued under the ESPPs:
 
Year ended January 31,
2014
 
2013
 
2012
Shares issued under the ESPPs
1,554

 
1,884

 
2,099

Cash received for the purchase of shares under the ESPPs
$
23,895

 
$
22,645

 
$
22,155

Weighted average purchase price per share
$
15.38

 
$
12.02

 
$
10.55

Summary Of The Weighted Average Grant Date Fair Value
The weighted average grant date fair values are summarized as follows:
 
Year ended January 31,
2014
 
2013
 
2012
Options granted
$

 
$
7.18

 
$
5.43

Restricted stock units granted
$
22.42

 
$
16.74

 
$
10.91

ESPP purchase rights
$
4.30

 
$
3.82

 
$
3.19

Schedule of Valuation Assumptions
The fair value calculations used the following assumptions:
 
Year ended January 31,
2014
 
2013
 
2012
Stock Option Plans
 
 
 
 
 
Risk-free interest rate

 
0.9% - 1.3%

 
1.2
%
Dividend yield

 
0
%
 
0
%
Expected life (in years)

 
5.8 - 6.3

 
6.3

Volatility (range)

 
43% - 53%

 
53
%
Volatility (weighted average)

 
43
%
 
53
%
 
Schedule of Employee Stock Purchase Plan Valuation Assumptions
Year ended January 31,
2014
 
2013
 
2012
Employee Stock Purchase Plans
 
 
 
 
 
Risk-free interest rate
0.09% - 0.14%

 
0.05% - 0.15%

 
0.05% - 0.18%

Dividend yield (range)
0% - 1%

 
0
%
 
0
%
Dividend yield (weighted average)
0.5
%
 
0
%
 
0
%
Expected life (in years)
0.5

 
0.5

 
0.5

Volatility (range)
22% - 33%

 
33% - 43%

 
32% - 38%

Volatility (weighted average)
29
%
 
39
%
 
35
%
Stock-Compensation Expense Recognized
The following table summarizes stock-based compensation expense included in the results of operations and the tax benefit associated with the exercise of stock options:
 
Year ended January 31,
2014
 
2013
 
2012
Cost of revenues:
 
 
 
 
 
Service and support
$
1,992

 
$
1,529

 
$
1,065

Operating expense:
 
 
 
 
 
Research and development
11,182

 
9,206

 
8,203

Marketing and selling
7,777

 
6,654

 
5,874

General and administration
8,399

 
6,308

 
6,516

Equity plan-related compensation expense
$
29,350

 
$
23,697

 
$
21,658

Tax effect of the exercise of stock options
$
386

 
$
266

 
$

 
Matching Contribution to Savings Plan
Our matching contributions to the Savings Plan were as follows:
 
Year ended January 31,
2014
 
2013
 
2012
Employer matching contribution
$
7,708

 
$
7,181

 
$
7,141

Stock Options
 
Share-based Compensation Arrangement by Share-based Payment Award  
Employee Stock and Savings Plans, Stock Options Activity
Stock options outstanding, the weighted average exercise price, and transactions involving stock options are summarized as follows:
 
 
Options
Outstanding
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Terms
(Years)
 
Aggregate
Intrinsic
Value
Balance as of January 31, 2013
6,717

 
$
11.08

 
 
 
 
Granted

 

 
 
 
 
Exercised
(3,124
)
 
12.43

 
 
 
 
Forfeited
3

 
4.20

 
 
 
 
Expired
(9
)
 
12.37

 
 
 
 
Balance as of January 31, 2014
3,587

 
9.87

 
5.38
 
$
39,195

Options exercisable as of January 31, 2014
2,933

 
8.94

 
4.79
 
34,784

Options vested as of January 31, 2014 and options expected to vest after January 31, 2014
3,587

 
$
9.87

 
5.38
 
$
39,195