Stock-Based Compensation

9 Months Ended

Jul. 31, 2021

Share-based Payment Arrangement [Abstract]

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 July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
	(in thousands)
Cost of products	$	9,582	$	6,478	$	28,238	$	18,174
Cost of maintenance and service	3,446		1,959		10,192		6,109
Research and development expense	42,430		31,367		124,231		86,469
Sales and marketing expense	15,330		10,863		45,040		29,483
General and administrative expense	14,374		11,170		40,829		29,920
Stock-based compensation expense before taxes	85,162		61,837		248,530		170,155
Income tax benefit	(13,277)		(10,562)		(38,746)		(29,062)
Stock-based compensation expense after taxes	$	71,885	$	51,275	$	209,784	$	141,093

As of July 31, 2021, the Company had $594.9 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 2.3 years. As of July 31, 2021, the Company had $35.3 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 July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
	(in thousands)
Intrinsic value of awards exercised	$	30,896	$	50,087	$	143,100	$	152,397