Stock-Based Compensation (Tables)

12 Months Ended

Nov. 29, 2013

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Assumptions Used to Value Option Grants

The assumptions used to value our option grants were as follows:

	Fiscal Years
	2013		2012	2011
Expected life (in years)	3.2		3.9 - 4.2	3.8 - 4.2
Volatility	27	%	31 - 34%	30 - 41%
Risk free interest rate	0.36	%	0.54 - .71%	0.64 - 1.92%

Assumptions Used to Value Employee Stock Purchase Rights

The assumptions used to value employee stock purchase rights were as follows:

	Fiscal Years
	2013	2012	2011
Expected life (in years)	0.5 - 2.0	0.5 - 2.0	0.5 - 2.0
Volatility	26 - 30%	30 - 36%	30 - 34%
Risk free interest rate	0.09 - 0.34%	0.06 - 0.30%	0.10 - 0.61%

Restricted Stock Unit Activity

Restricted stock unit activity for fiscal 2013, 2012 and 2011 was as follows (in thousands):

	2013		2012		2011
Beginning outstanding balance	18,415		16,871		13,890
Awarded	7,236		9,431		8,180
Released	(6,224	)	(5,854	)	(3,819	)
Forfeited	(1,479	)	(2,147	)	(1,587	)
Increase due to acquisition	—		114		207
Ending outstanding balance	17,948		18,415		16,871

Restricted Stock Units Outstanding

Information regarding restricted stock units outstanding at November 29, 2013, November 30, 2012 and December 2, 2011 is summarized below:

	Number of Shares (thousands)	Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value(*) (millions)
2013
Restricted stock units outstanding	17,948	1.09	$	1,019.1
Restricted stock units vested and expected to vest	16,265	1.02	$	920.5
2012
Restricted stock units outstanding	18,415	1.37	$	637.3
Restricted stock units vested and expected to vest	16,289	1.26	$	562.8
2011
Restricted stock units outstanding	16,871	1.35	$	457.4
Restricted stock units vested and expected to vest	14,931	1.25	$	404.3

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^(*)  The intrinsic value is calculated as the market value as of the end of the fiscal period. As reported by the NASDAQ Global Select Market, the market values as of November 29, 2013, November 30, 2012 and December 2, 2011 were $56.78, $34.61 and $27.11, respectively. 

Performance Shares Outstanding

Information regarding performance shares outstanding at November 29, 2013, November 30, 2012 and December 2, 2011 is summarized below: 

	Number of Shares (thousands)	Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value(*) (millions)
2013
Performance shares outstanding	861	0.58	$	48.9
Performance shares vested and expected to vest	817	0.56	$	46.3
2012
Performance shares units outstanding	388	0.54	$	13.4
Performance shares vested and expected to vest	369	0.51	$	12.7
2011
Performance shares units outstanding	405	0.41	$	11.0
Performance shares vested and expected to vest	390	0.39	$	10.4

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^(*)  The intrinsic value is calculated as the market value as of the end of the fiscal period. As reported by the NASDAQ Global Select Market, the market values as of November 29, 2013, November 30, 2012 and December 2, 2011 were $56.78, $34.61 and $27.11, respectively.

Stock Option Activity

Option activity under our stock option program for fiscal 2013, 2012 and 2011 was as follows (shares in thousands):

	Outstanding Options
	Number of Shares		Weighted Average Exercise Price
December 3, 2010	37,075		$	30.33
Granted	4,507		$	33.60
Exercised	(4,987	)	$	21.02
Cancelled	(2,268	)	$	33.85
Increase due to acquisition	475		$	2.25
December 2, 2011	34,802		$	31.47
Granted	57		$	32.19
Exercised	(6,754	)	$	23.61
Cancelled	(4,692	)	$	33.07
Increase due to acquisition	1,104		$	3.23
November 30, 2012	24,517		$	32.09
Granted	25		$	45.03
Exercised	(15,872	)	$	32.15
Cancelled	(1,584	)	$	37.37
Increase due to acquisition	273		$	6.82
November 29, 2013	7,359		$	29.93

Stock Options Outstanding

Information regarding stock options outstanding at November 29, 2013, November 30, 2012 and December 2, 2011 is summarized below:

	Number of Shares (thousands)	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value(*) (millions)
2013
Options outstanding	7,359	$	29.93	3.22	$	197.6
Options vested and expected to vest	7,242	$	30.05	3.18	$	193.6
Options exercisable	5,752	$	31.28	2.65	$	146.7
2012
Options outstanding	24,517	$	32.09	2.74	$	103.3
Options vested and expected to vest	24,158	$	32.15	2.70	$	100.9
Options exercisable	20,668	$	33.06	2.27	$	73.6
2011
Options outstanding	34,802	$	31.47	3.24	$	68.0
Options vested and expected to vest	33,856	$	31.52	3.17	$	65.6
Options exercisable	26,622	$	32.31	2.56	$	42.1

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^(*)  The intrinsic value is calculated as the difference between the market value as of the end of the fiscal period and the exercise price of the shares. As reported by the NASDAQ Global Select Market, the market values as of November 29, 2013, November 30, 2012 and December 2, 2011 were $56.78, $34.61 and $27.11, respectively.

Options Granted to Directors

Options granted to directors for fiscal 2013, 2012 and 2011 were as follows (shares in thousands):

	2013		2012		2011
Options granted to existing directors	25		43		85
Exercise price	$	45.03	$	33.18	$	33.23

Restricted Stock Units Granted to Directors

Restricted stock units granted to directors for fiscal 2013, 2012 and 2011 were as follows (in thousands):

	2013	2012	2011
Restricted stock units granted to existing directors	36	42	28
Restricted stock units granted to new directors	14	41	—

Total Stock-Based Compensation Costs

Total stock-based compensation costs that have been included in our Consolidated Statements of Income for fiscal 2013, 2012 and 2011 were as follows (in thousands):

	Income Statement Classifications
	Cost of Revenue– Subscription		Cost of Revenue– Services and Support		Research and Development		Sales and Marketing		General and Administrative		Total(1)
Option Grants and Stock Purchase Rights
2013	$	2,059	$	3,413	$	18,188	$	21,283	$	8,410	$	53,353
2012	$	2,840	$	4,130	$	24,823	$	31,379	$	15,455	$	78,627
2011	$	936	$	4,716	$	28,132	$	31,754	$	20,605	$	86,143
Restricted Stock and Performance Share Awards
2013	$	5,052	$	6,961	$	102,464	$	101,423	$	59,734	$	275,634
2012	$	3,100	$	9,461	$	83,349	$	76,359	$	47,606	$	219,875
2011	$	1,521	$	8,607	$	79,427	$	68,485	$	41,920	$	199,960

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⁽¹⁾  During fiscal 2013, 2012 and 2011, we recorded tax benefits of $70.7 million, $61.5 million and $58.3 million, respectively.

Current Year Program [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Performance Share Activity

The following table sets forth the summary of performance share activity under our 2013 Program for the fiscal year ended November 29, 2013 (in thousands): 

	Shares Granted		Maximum Shares Eligible to Receive
Beginning outstanding balance	—		—
Awarded	946		1,891
Forfeited	(92	)	(184	)
Ending outstanding balance	854		1,707

Prior Year Program [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Performance Share Activity

The following table sets forth the summary of performance share activity under our 2010, 2011 and 2012 programs, based upon share awards actually achieved, for the fiscal years ended November 29, 2013, November 30, 2012 and December 2, 2011 (in thousands):

	2013		2012		2011
Beginning outstanding balance	388		405		557
Achieved	1,279		492		337
Released	(665	)	(464	)	(436	)
Forfeited	(141	)	(45	)	(53	)
Ending outstanding balance	861		388		405