Stock Compensation Arrangements |
The compensation cost recognized in the unaudited condensed consolidated statements of operations for the Company’s stock compensation arrangements was as follows: | | | | | | | | | | | | | | | | | | Three Months Ended April 30, | | Six Months Ended April 30, | | 2018 | | 2017 | | 2018 | | 2017 | | (in thousands) | Cost of products | $ | 3,460 |
| | $ | 2,813 |
| | $ | 6,843 |
| | $ | 5,812 |
| Cost of maintenance and service | 1,290 |
| | 947 |
| | 2,537 |
| | 1,808 |
| Research and development expense | 15,150 |
| | 12,568 |
| | 30,546 |
| | 25,452 |
| Sales and marketing expense | 6,875 |
| | 4,807 |
| | 13,496 |
| | 9,936 |
| General and administrative expense | 6,190 |
| | 4,427 |
| | 11,866 |
| | 8,388 |
| Stock compensation expense before taxes | 32,965 |
| | 25,562 |
| | 65,288 |
| | 51,396 |
| Income tax benefit | (6,336 | ) | | (7,065 | ) | | (12,548 | ) | | (14,206 | ) | Stock compensation expense after taxes | $ | 26,629 |
| | $ | 18,497 |
| | $ | 52,740 |
| | $ | 37,190 |
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Schedule of Intrinsic Value of Equity Awards Exercised |
The intrinsic values of equity awards exercised during the periods are as follows: | | | | | | | | | | | | | | | | | | Three Months Ended April 30, | | Six Months Ended April 30, | | 2018 | | 2017 | | 2018 | | 2017 | | (in thousands) | Intrinsic value of awards exercised | $ | 12,017 |
| | $ | 22,369 |
| | $ | 30,792 |
| | $ | 28,656 |
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