Share Based Compensation

9 Months Ended

Jul. 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
	Nine Months Ended July 31,		Nine Months Ended July 31,
	2012	2011	2012	2011
Assumptions:
Volatility	45% - 50%	46% - 53%	31% - 37%	23% - 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%	1.36% - 1.95%	0.06% - 0.21%	0.10% - 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				Nine Months Ended
	July 31,		July 31,		July 31,		July 31,
	2012		2011		2012		2011
Share based compensation expense:
Stock options and restricted stock units	$	194	$	231	$	651	$	727
ESPP	14		13		37		41
Total	$	208	$	244	$	688	$	768

Share based compensation recognized in the condensed consolidated statements of operations, by operating statement caption, was as follows (in thousands):
	Three Months Ended				Nine Months Ended
	July 31,		July 31,		July 31,		July 31,
	2012		2011		2012		2011
Share based compensation expense:
Cost of revenues	$	18	$	15	$	54	$	48
Sales and marketing	62		67		202		193
Research and development	46		50		163		154
General and administrative	82		112		269		373
Total	$	208	$	244	$	688	$	768