Stock Compensation

6 Months Ended

Apr. 30, 2014

Note 11. Stock Compensation

The compensation cost recognized in the unaudited condensed consolidated statements of operations for the Company’s stock compensation arrangements was as follows:


	Three Months Ended April 30,						Six Months Ended April 30,
	2014			2013			2014			2013
	(in thousands)
Cost of license	$	1,915		$	1,481		$	3,776		$	3,305
Cost of maintenance and service		534			361			962			844
Research and development expense		8,997			7,376			17,912			15,542
Sales and marketing expense		3,967			3,200			7,698			6,885
General and administrative expense		3,411			3,111			6,593			6,653

Stock compensation expense before taxes		18,824			15,529			36,941			33,229
Income tax benefit		(4,271	)		(3,865	)		(8,382	)		(8,271	)

Stock compensation expense after taxes	$	14,553		$	11,664		$	28,559		$	24,958

As of April 30, 2014, there was $122.1 million of unamortized share-based compensation expense, which is expected to be amortized over a weighted-average period of approximately 2.4 years.

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


	Three Months Ended April 30,				Six Months Ended April 30,
	2014		2013		2014		2013
	(in thousands)
Intrinsic value of awards exercised	$	3,648	$	14,160	$	19,847	$	21,865

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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