Stock-Based Compensation

3 Months Ended

Jan. 31, 2022

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock-Based Compensation

The compensation cost recognized in the unaudited condensed consolidated statements of income for our stock compensation arrangements was as follows:

	Three Months Ended   January 31,
	2022		2021
	(in thousands)
Cost of products	$	11,207	$	9,352
Cost of maintenance and service	4,583		3,335
Research and development expense	49,540		41,294
Sales and marketing expense	17,801		15,159
General and administrative expense	12,640		14,642
Stock-based compensation expense before taxes	95,771		83,782
Income tax benefit	(15,429)		(13,279)
Stock-based compensation expense after taxes	$	80,342	$	70,503

As of January 31, 2022, we had $945.9 million of total unrecognized stock-based compensation expense relating to options, restricted stock units and restricted stock awards, which is expected to be recognized over a weighted-average period of 2.5 years. As of January 31, 2022, we had $35.9 million of unrecognized stock-based compensation expense relating to our Employee Stock Purchase Plan (ESPP), which is expected to be recognized over a period of approximately 2.0 years.

The intrinsic values of equity awards exercised during the periods were as follows:

	Three Months Ended   January 31,
	2022		2021
	(in thousands)
Intrinsic value of awards exercised	$	112,925	$	40,524