Stock-Based Compensation

6 Months Ended

Apr. 30, 2020

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock-Based Compensation

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,
	2020			2019			2020			2019
	(in thousands)
Cost of products	$	6,116		$	4,065		$	11,696		$	8,191
Cost of maintenance and service	2,118			1,522			4,150			2,981
Research and development expense	28,893			18,115			55,102			36,419
Sales and marketing expense	9,726			7,158			18,620			14,430
General and administrative expense	9,582			6,054			18,750			13,353
Stock-based compensation expense before taxes	56,435			36,914			108,318			75,374
Income tax benefit	(9,808		)	(6,214		)	(18,826		)	(12,688		)
Stock-based compensation expense after taxes	$	46,627		$	30,700		$	89,492		$	62,686

As of April 30, 2020, the Company had $420.8 million of total unrecognized stock-based compensation expense relating to options and restricted stock units and awards, which is expected to be recognized over a weighted-average period of 2.4 years. As of April 30, 2020, the Company had $52.5 million of total unrecognized stock-based compensation expense relating to the ESPP, which is expected to be recognized over a period of approximately 2.0 years.

The intrinsic values of equity awards exercised during the periods are as follows:

	Three Months Ended   April 30,				Six Months Ended   April 30,
	2020		2019		2020		2019
	(in thousands)
Intrinsic value of awards exercised	$	77,912	$	50,426	$	102,311	$	58,578