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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 01, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Restricted stock unit activity for the three months ended March 1, 2019 and the fiscal year ended November 30, 2018 was as follows (in thousands):



	2019		2018
Beginning outstanding balance	8,668		9,304
Awarded	3,361		4,012
Released	(2,947	)	(3,988	)
Forfeited	(148	)	(660	)
Ending outstanding balance	8,934		8,668

Restricted Stock Units Outstanding

Information regarding restricted stock units outstanding at March 1, 2019 and March 2, 2018 is summarized below:



	Number of Shares (thousands)	Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value^(*) (millions)
2019
Restricted stock units outstanding	8,934	1.61	$	2,358.7
Restricted stock units vested and expected to vest	7,979	1.55	$	2,106.6
2018
Restricted stock units outstanding	9,195	1.52	$	1,928.9
Restricted stock units vested and expected to vest	8,259	1.47	$	1,732.6

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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 March 1, 2019 and March 2, 2018 were $264.01 and $209.79, respectively.

Performance Share Activity

The following table sets forth the summary of performance share activity under our Performance Share Programs for the three months ended March 1, 2019 and the fiscal year ended November 30, 2018 (in thousands):



	2019					2018
	Shares Granted			Maximum Shares Eligible to Receive		Shares Granted			Maximum Shares Eligible to Receive
Beginning outstanding balance	1,148			2,296		1,534			3,068
Awarded	722		⁽¹⁾	614		837		⁽²⁾	628
Achieved	(830	)	⁽³⁾	(830	)	(1,050	)	⁽³⁾	(1,053	)
Forfeited	(11	)		(22	)	(173	)		(347	)
Ending outstanding balance	1,029			2,058		1,148			2,296

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⁽¹⁾	Included in the 0.7 million shares awarded during the three months ended March 1, 2019 were 0.4 million shares awarded for the final achievement of the 2016 Performance Share program. The remaining awarded shares were for the 2019 Performance Share Program.


⁽²⁾	Included in the 0.8 million shares awarded during the fiscal year ended November 30, 2018 were 0.5 million shares awarded for the final achievement of the 2015 Performance Share program. The remaining awarded shares were for the 2018 Performance Share Program.

⁽³⁾

Shares achieved under our 2016 and 2015 Performance Share programs which resulted from 200% achievement of target.

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The expected life of the ESPP shares is the average of the remaining purchase periods under each offering period. The assumptions used to value employee stock purchase rights during the three months ended March 1, 2019 and March 2, 2018 were as follows:



	Three Months
	2019	2018
Expected life (in years)	0.5 - 2.0	0.5 - 2.0
Volatility	35% - 37%	26% - 27%
Risk free interest rate	2.47% - 2.63%	1.54% - 1.89%

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Total stock-based compensation costs included in our condensed consolidated statements of income for the three months ended March 1, 2019 and March 2, 2018 were as follows (in thousands):



	2019				2018
Income Statement Classifications	Option Grants and Stock Purchase Rights		Restricted Stock Units and Performance Share Awards		Option Grants and Stock Purchase Rights		Restricted Stock Units and Performance Share Awards
Cost of revenue—subscription	$	1,390	$	5,182	$	768	$	3,944
Cost of revenue—services and support	1,998		3,817		2,016		2,986
Research and development	8,445		75,820		5,349		54,072
Sales and marketing	10,353		52,247		5,320		38,848
General and administrative	3,281		22,155		1,480		20,742
Total	$	25,467	$	159,221	$	14,933	$	120,592