Stock-Based Compensation (Tables)

9 Months Ended

Sep. 02, 2016

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

Restricted stock unit activity for the nine months ended September 2, 2016 and the fiscal year ended November 27, 2015 was as follows (in thousands):



	2016		2015
Beginning outstanding balance	10,069		13,564
Awarded	4,087		4,012
Released	(5,152	)	(6,561	)
Forfeited	(606	)	(946	)
Ending outstanding balance	8,398		10,069

Restricted Stock Units Outstanding

Information regarding restricted stock units outstanding at September 2, 2016 and August 28, 2015 is summarized below:



	Number of Shares (thousands)	Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value^(*) (millions)
2016
Restricted stock units outstanding	8,398	1.25	$	869.7
Restricted stock units vested and expected to vest	7,597	1.19	$	775.2
2015
Restricted stock units outstanding	10,288	1.10	$	816.9
Restricted stock units vested and expected to vest	9,320	1.03	$	730.3

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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 September 2, 2016 and August 28, 2015 were $103.57 and $79.40, respectively.

Performance Share Activity 2013, 2014, 2015, & 2016 Programs

The following table sets forth the summary of performance share activity under our Performance Share Programs for the nine months ended September 2, 2016 and the fiscal year ended November 27, 2015 (in thousands):



	2016					2015
	Shares Granted			Maximum Shares Eligible to Receive		Shares Granted		Maximum Shares Eligible to Receive
Beginning outstanding balance	1,940			3,881		1,517		3,034
Achieved	(1,373	)		(1,387	)	—		—
Awarded	1,206		⁽¹⁾	1,053		671		1,342
Forfeited	(133	)		(268	)	(248	)	(495	)
Ending outstanding balance	1,640			3,279		1,940		3,881

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⁽¹⁾	Included in the 1.2 million shares awarded during the nine months ended September 2, 2016 were 0.7 million shares awarded for the final achievement of the 2013 Performance Share program. The remaining awarded shares were for the 2016 Performance Share Program.

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

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 and nine months ended September 2, 2016 and August 28, 2015 were as follows:



	Three Months		Nine Months
	2016	2015	2016	2015
Expected life (in years)	0.5 - 2.0	0.5 - 2.0	0.5 - 2.0	0.5 - 2.0
Volatility	26% - 28%	26 - 27%	26% - 29%	26 - 30%
Risk free interest rate	0.37% - 0.59%	0.11 - 0.64%	0.37% - 1.06%	0.11 - 0.67%

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 September 2, 2016 and August 28, 2015 were as follows (in thousands):



	2016				2015
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	$	333	$	1,554	$	258	$	1,637
Cost of revenue—services and support	1,221		1,861		1,277		1,425
Research and development	3,336		26,388		3,468		26,378
Sales and marketing	3,940		27,798		4,540		29,146
General and administrative	976		17,097		1,056		16,792
Total	$	9,806	$	74,698	$	10,599	$	75,378

Total stock-based compensation costs included in our Condensed Consolidated Statements of Income for nine months ended September 2, 2016 and August 28, 2015 were as follows (in thousands):



	2016				2015
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	$	1,119	$	5,115	$	1,070	$	4,946
Cost of revenue—services and support	4,087		5,494		3,897		4,711
Research and development	10,961		81,280		11,162		78,375
Sales and marketing	12,953		85,123		13,768		84,686
General and administrative	3,423		53,049		3,652		50,744
Total	$	32,543	$	230,061	$	33,549	$	223,462