Share Based Compensation

3 Months Ended

Jan. 31, 2012

Share-based Compensation [Abstract]

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

Share Based 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 assumptions:

	Stock Options		ESPP
	Three Months Ended January 31,		Three Months Ended January 31,
	2012	2011	2012	2011
Assumptions:
Volatility	45% - 50%	48%	31% - 37%	30% - 31%
Expected life	4.25 - 5.75 years	3.8 years	6 - 12 months	6 - 12 months
Weighted average risk-free interest rate	0.65% - 1.03%	1.43%	0.06% - 0.12%	0.20% - 0.28%
Dividend yield	—	—	—	—

Share based compensation expense recognized in the condensed consolidated statements of income related to the Company’s equity incentive plans and stock purchase plan was as follows (in thousands):
	Three Months Ended
	January 31,		January 31,
	2012		2011
Share based compensation expense:
Equity Incentive Plans	$	230	$	213
ESPP	5		11
Total	$	235	$	224

Share based compensation recognized in the condensed consolidated statements of income, by income statement caption, was as follows (in thousands):
	Three Months Ended
	January 31,		January 31,
	2012		2011
Share based compensation expense:
Cost of revenues	$	16	$	16
Sales and marketing	72		65
Research and development	52		49
General and administrative	95		94
Total	$	235	$	224