Share Based Compensation

9 Months Ended

Jul. 31, 2011

Share-based Compensation [Abstract]

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

Share Based Compensation

Under the fair value recognition guidance of ASC 718, Compensation — Stock Compensation, share based compensation cost is estimated at the grant date based on the fair value of the award and is recognized as expense over the requisite service period of the award. The fair value of each option granted is estimated on the date of grant and the fair value of each share issued under Versant’s Employee Stock Purchase Plan (or “ESPP”) is estimated at the beginning of the purchase period, using the Black-Scholes Option Pricing Model, based on the following weighted average assumptions:

	Stock Options		ESPP
	Nine Months Ended July 31,		Nine Months Ended July 31,
	2011	2010	2011	2010
Assumptions:
Volatility	46% - 53%	53% - 56%	23% - 31%	33% - 42%
Expected life	3.6 - 5.5 years	3.3 - 3.6 years	6 - 12 months	6 - 12 months
Weighted average risk-free interest rate	1.36% - 1.95%	1.43% - 1.87%	0.10% - 0.28%	0.15% - 0.35%
Dividend yield	—	—	—	—

Share based compensation expense recognized in the condensed consolidated statements of income related to the Company’s stock option plans and the ESPP was as follows (in thousands):
	Three Months Ended					Nine Months Ended
	July 31,		July 31,			July 31,		July 31,
	2011		2010			2011		2010
Share based compensation expense:
Stock options	$	231	$	259		$	727	$	796
ESPP	13		(4		)	41		32
Total	$	244	$	255		$	768	$	828

Share based compensation recognized in the condensed consolidated statements of income, by income statement caption, was as follows (in thousands):
	Three Months Ended				Nine Months Ended
	July 31,		July 31,		July 31,		July 31,
	2011		2010		2011		2010
Share based compensation expense:
Cost of revenues	$	15	$	14	$	48	$	59
Sales and marketing	67		50		193		171
Research and development	50		52		154		175
General and administrative	112		139		373		423
Total	$	244	$	255	$	768	$	828