Stock-Based Compensation

3 Months Ended

Jan. 31, 2021

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   January 31,
	2021		2020
	(in thousands)
Cost of products	$	9,352	$	5,580
Cost of maintenance and service	3,335		2,032
Research and development expense	41,294		26,209
Sales and marketing expense	15,159		8,894
General and administrative expense	14,642		9,168
Stock-based compensation expense before taxes	83,782		51,883
Income tax benefit	(13,279)		(8,924)
Stock-based compensation expense after taxes	$	70,503	$	42,959

As of January 31, 2021, the Company had $697.2 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 2.5 years. As of January 31, 2021, the Company had $44.1 million of unrecognized stock-based compensation expense relating to its Employee Stock Purchase Plan (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   January 31,
	2021		2020
	(in thousands)
Intrinsic value of awards exercised	$	40,524	$	24,398