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Share-Based Compensation Expense (Tables)
9 Months Ended
Jul. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock option activity
The following table is a summary of Ciena’s stock option activity for the period indicated (shares in thousands):

 
Shares Underlying
Options
Outstanding
 
Weighted
Average
Exercise Price
Balance at October 31, 2014
1,288

 
$
25.43

Exercised
(255
)
 
15.27

Canceled
(104
)
 
25.66

Balance at July 31, 2015
929

 
$
28.19

Summarizes information with respect to stock options outstanding
The following table summarizes information with respect to stock options outstanding at July 31, 2015, based on Ciena’s closing stock price on the last trading day of Ciena’s third fiscal quarter of 2015 (shares and intrinsic value in thousands):

 
 
 
 
 
 
Options Outstanding and Vested at
 
 
 
 
 
 
July 31, 2015
 
 
 
 
 
 
Number
 
Weighted
Average
Remaining
 
Weighted
 
 
Range of
 
of
 
Contractual
 
Average
 
Aggregate
Exercise
 
Underlying
 
Life
 
Exercise
 
Intrinsic
Price
 
Shares
 
(Years)
 
Price
 
Value
$
0.94

 

 
$
16.31

 
93

 
2.99
 
$
6.96

 
$
1,713

$
16.52

 

 
$
17.29

 
47

 
0.62
 
16.61

 
419

$
17.43

 

 
$
24.50

 
81

 
1.15
 
19.07

 
520

$
24.69

 

 
$
28.28

 
267

 
1.63
 
27.38

 
15

$
28.61

 

 
$
32.55

 
97

 
2.07
 
29.99

 

$
33.00

 

 
$
37.10

 
244

 
2.31
 
35.25

 

$
37.31

 

 
$
47.32

 
100

 
1.96
 
44.07

 

$
0.94

 

 
$
47.32

 
929

 
1.93
 
$
28.19

 
$
2,667

Summary of restricted stock unit activity
The following table is a summary of Ciena's restricted stock unit activity for the period indicated, with the aggregate fair value of the balance outstanding at the end of each period, based on Ciena's closing stock price on the last trading day of the relevant period (shares and aggregate fair value in thousands):


 
Restricted
Stock Units
Outstanding
 
Weighted
Average Grant
Date Fair Value
Per Share
 
Aggregate
Fair Value
Balance at October 31, 2014
4,012

 
$
18.02

 
$
67,241

Granted
2,509

 
 
 
 
Vested
(1,572
)
 
 
 
 
Canceled or forfeited
(219
)
 
 
 
 
Balance at July 31, 2015
4,730

 
$
18.88

 
$
120,374

Share-based compensation expense
The following table summarizes share-based compensation expense for the periods indicated (in thousands):

 
Quarter Ended July 31,
 
Nine Months Ended July 31,
 
2014
 
2015
 
2014
 
2015
Product costs
$
737

 
$
671

 
$
1,984

 
$
1,811

Service costs
572

 
490

 
1,720

 
1,583

Share-based compensation expense included in cost of sales
1,309

 
1,161

 
3,704

 
3,394

Research and development
2,368

 
2,114

 
7,722

 
6,815

Sales and marketing
3,890

 
3,571

 
12,199

 
11,071

General and administrative
3,376

 
3,516

 
10,543

 
11,158

Share-based compensation expense included in operating expense
9,634

 
9,201

 
30,464

 
29,044

Share-based compensation expense capitalized in inventory, net
(182
)
 
(96
)
 
36

 
(36
)
Total share-based compensation
$
10,761

 
$
10,266

 
$
34,204

 
$
32,402