Employee Stock and Savings Plans

9 Months Ended

Oct. 31, 2013

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

Employee Stock and Savings Plans

Stock-Based Compensation and Stockholders' Equity

Stock Option and Stock Plans

Our 2010 Omnibus Incentive Plan (Incentive Plan) is administered by the Compensation Committee of our Board of Directors and permits accelerated vesting of outstanding options, restricted stock units, restricted stock awards, and other equity incentives upon the occurrence of certain changes in control of our company. Stock options and restricted stock units under the Incentive Plan are generally expected to vest over four years. Stock options have an expiration date of ten years from the date of grant and an exercise price no less than the fair market value of the shares on the date of grant.

Employee Stock Purchase Plans

We have an employee stock purchase plan (ESPP) for U.S. employees and an ESPP for certain foreign subsidiary employees. The ESPPs provide for six-month offerings commencing on January 1 and July 1 of each year with purchases on June 30 and December 31 of each year. Each eligible employee may purchase up to six thousand shares of stock on each purchase date (subject to a plan limit on the total fair market value) at prices no less than 85% of the lesser of the fair market value of the shares on the offering date or on the purchase date.

Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense recognized:

	Three months ended October 31,				Nine months ended October 31,
	2013		2012		2013		2012
Cost of revenues	$	520	$	393	$	1,438	$	1,080
Operating expenses:
Research and development	2,865		2,272		8,018		6,604
Marketing and selling	1,998		1,644		5,651		4,818
General and administration	2,043		1,400		6,162		4,660
Equity plan-related compensation expense	$	7,426	$	5,709	$	21,269	$	17,162

Dividends

On March 7, 2013, our Board of Directors announced the adoption of a dividend policy under which we intend to pay an annual cash dividend of $0.18 per share of common stock. The following table summarizes the dividends declared:

Declaration Date	Record Date	Payment Date	Per Share Amount		Total Amount
3/7/2013	3/22/2013	4/10/2013	$	0.045	$	5,064
5/23/2013	6/10/2013	7/1/2013	$	0.045	$	5,079
8/22/2013	9/10/2013	9/30/2013	$	0.045	$	5,096
11/21/2013	12/10/2013	1/2/2014	$	0.045

Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the quarterly determination of our Board of Directors.