Stock-Based Compensation (Tables)

3 Months Ended

Mar. 01, 2013

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

Assumptions Used to Value Option Grants

The assumptions used to value option grants during the three months ended March 2, 2012 were as follows: 

	Three Months
	2012
Expected life (in years)	3.9
Volatility	34	%
Risk free interest rate	0.54	%

Assumptions Used to Value Employee Stock Purchase Rights

The assumptions used to value employee stock purchase rights during the three months ended March 1, 2013 and March 2, 2012 were as follows:

	Three Months
	2013	2012
Expected life (in years)	0.5 - 2.0	0.5 - 2.0
Volatility	26 - 30%	36	%
Risk free interest rate	0.12 - 0.27%	0.06 - 0.27%

Stock Option Activity

Option activity for the three months ended March 1, 2013 and the fiscal year ended November 30, 2012 was as follows (in thousands):

	2013		2012
Beginning outstanding balance	24,517		34,802
Granted	—		57
Exercised	(4,869	)	(6,754	)
Cancelled	(1,242	)	(4,692	)
Increase due to acquisition	129		1,104
Ending outstanding balance	18,535		24,517

Stock Options Outstanding

Information regarding stock options outstanding at March 1, 2013 and March 2, 2012 is summarized below:

	Number of Shares (thousands)	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value(*) (millions)
2013
Options outstanding	18,535	$	32.56	2.76	$	139.3
Options vested and expected to vest	18,250	$	32.66	2.71	$	135.3
Options exercisable	15,495	$	33.71	2.25	$	99.4
2012
Options outstanding	32,594	$	30.97	3.14	$	148.4
Options vested and expected to vest	31,783	$	31.08	3.07	$	142.4
Options exercisable	25,490	$	32.61	2.39	$	85.2

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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 March 1, 2013 and March 2, 2012 were $39.83 and $33.73, respectively

Restricted Stock Unit Activity

Restricted stock unit activity for the three months ended March 1, 2013 and the fiscal year ended November 30, 2012 was as follows (in thousands):

	2013		2012
Beginning outstanding balance	18,415		16,871
Awarded	5,807		9,431
Released	(4,904	)	(5,854	)
Forfeited	(382	)	(2,147	)
Increase due to acquisition	—		114
Ending outstanding balance	18,936		18,415

Restricted Stock Units Outstanding

Information regarding restricted stock units outstanding at March 1, 2013 and March 2, 2012 is summarized below:

	Number of Shares (thousands)	Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value(*) (millions)
2013
Restricted stock units outstanding	18,936	1.66	$	754.2
Restricted stock units vested and expected to vest	16,279	1.59	$	646.5
2012
Restricted stock units outstanding	18,350	1.90	$	618.9
Restricted stock units vested and expected to vest	15,432	1.79	$	519.6

^{_________________________________________} 

^(*)  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, 2013 and March 2, 2012 were $39.83 and $33.73, respectively. 

Performance Share Activity Current Year Program

	Shares Granted		Maximum Shares Eligible to Receive
Beginning outstanding balance	—		—
Awarded	945		1,891
Forfeited	(4	)	(9	)
Ending outstanding balance	941		1,882

Performance Share Activity Prior Years Programs

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 three months ended March 1, 2013 and the fiscal year ended November 30, 2012 (in thousands):

	2013		2012
Beginning outstanding balance	388		405
Achieved	1,279		492
Released	(657	)	(464	)
Forfeited	(32	)	(45	)
Ending outstanding balance	978		388

Performance Shares Outstanding

Information regarding performance shares outstanding at March 1, 2013 and March 2, 2012 is summarized below: 

	Number of Shares (thousands)	Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value(*) (millions)
2013
Performance shares outstanding	978	1.32	$	38.9
Performance shares vested and expected to vest	865	1.29	$	34.4
2012
Performance shares outstanding	453	1.23	$	15.3
Performance shares vested and expected to vest	403	1.20	$	13.5

^{_________________________________________} 

^(*)  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, 2013 and March 2, 2012 were $39.83 and $33.73, respectivel

Total Stock-Based Compensation Costs

Total stock-based compensation costs that have been included in our Condensed Consolidated Statements of Income for the three months ended March 1, 2013 and March 2, 2012 were as follows (in thousands):

	2013				2012
Income Statement Classifications	Option Grants and Stock Purchase Rights		Restricted Stock and Performance Share Awards		Option Grants and Stock Purchase Rights		Restricted Stock and Performance Share Awards
Cost of revenue—subscription	$	637	$	1,063	$	742	$	603
Cost of revenue—services and support	855		2,450		1,116		2,070
Research and development	5,820		25,731		7,199		18,081
Sales and marketing	6,667		23,752		8,780		16,916
General and administrative	2,514		14,707		4,500		11,574
Total	$	16,493	$	67,703	$	22,337	$	49,244