Share Based Compensation

6 Months Ended

Apr. 30, 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
	Six Months Ended April 30,		Six Months Ended April 30,
	2012	2011	2012	2011
Assumptions:
Volatility	45% - 50%	47% - 57%	31% - 37%	30% - 31%
Expected life	4.25 - 5.75 years	3.6 - 5.5 years	6 - 12 months	6 - 12 months
Weighted average risk-free interest rate	0.65% - 1.03%	1.43% - 2.38%	0.06% - 0.12%	0.20% - 0.28%
Dividend yield	—	—	—	—

Share based compensation expense recognized in the condensed consolidated statements of operations related to the Company’s equity incentive plans and stock purchase plan was as follows (in thousands):
	Three Months Ended				Six Months Ended
	April 30,		April 30,		April 30,		April 30,
	2012		2011		2012		2011
Share based compensation expense:
Equity Incentive Plans	$	228	$	283	$	458	$	496
ESPP	18		17		23		28
Total	$	246	$	300	$	481	$	524

Share based compensation recognized in the condensed consolidated statements of operations, by operating statement caption, was as follows (in thousands):
	Three Months Ended				Six Months Ended
	April 30,		April 30,		April 30,		April 30,
	2012		2011		2012		2011
Share based compensation expense:
Cost of revenues	$	20	$	17	$	36	$	33
Sales and marketing	68		62		140		126
Research and development	65		55		117		104
General and administrative	93		166		188		261
Total	$	246	$	300	$	481	$	524