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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 02, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Restricted Stock Unit Activity

Restricted stock unit activity for the six months ended June 2, 2017 and the fiscal year ended December 2, 2016 was as follows (in thousands):

	2017			2016
Beginning outstanding balance	8,316			10,069
Awarded	4,265			4,440
Released	(3,109	)		(5,471	)
Forfeited	(412	)		(722	)
Increase due to acquisition	595			—
Ending outstanding balance	9,655			8,316

Restricted Stock Units Outstanding

Information regarding restricted stock units outstanding at June 2, 2017 and June 3, 2016 is summarized below:

	Number of Shares (thousands)			Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value(*) (millions)
2017
Restricted stock units outstanding	9,655			1.42		$	1,385.4
Restricted stock units vested and expected to vest	8,741			1.36		$	1,254.2
2016
Restricted stock units outstanding	8,517			1.37		$	840.6
Restricted stock units vested and expected to vest	7,630			1.31		$	741.3

^{_________________________________________} 

^(*)  The intrinsic value is calculated as the market value as of the end of the fiscal period. As reported by the NASDAQ Global Select Market, the market values as of June 2, 2017 and June 3, 2016 were $143.48 and $98.70, respectively. 

Performance Share Activity

The following table sets forth the summary of performance share activity under our Performance Share Programs for the six months ended June 2, 2017 and the fiscal year ended December 2, 2016 (in thousands): 

	2017							2016
	Shares Granted				Maximum Shares Eligible to Receive			Shares Granted				Maximum Shares Eligible to Receive
Beginning outstanding balance	1,630				3,261			1,940				3,881
Awarded	1,082		(1	)	1,040			1,206		(2	)	1,053
Achieved	(1,135	)			(1,147	)		(1,373	)			(1,387	)
Forfeited	(37	)			(74	)		(143	)			(286	)
Ending outstanding balance	1,540				3,080			1,630				3,261

^{_________________________________________} 

⁽¹⁾  Included in the 1.1 million shares awarded during the six months ended June 2, 2017 were 0.6 million shares awarded for the final achievement of the 2014 Performance Share program. The remaining awarded shares were for the 2017 Performance Share Program.

⁽²⁾  Included in the 1.2 million shares awarded during the fiscal year ended December 2, 2016 were 0.7 million shares awarded for the final achievement of the 2013 Performance Share program. The remaining awarded shares were for the 2016 Performance Share Program.

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

The expected life of the ESPP shares is the average of the remaining purchase periods under each offering period. The assumptions used to value employee stock purchase rights during the six months ended June 2, 2017 and June 3, 2016 were as follows:

	2017		2016
Expected life (in years)	0.5 - 2.0		0.5 - 2.0
Volatility	22% - 25%		27% - 29%
Risk free interest rate	0.62% - 1.2%		0.49% - 1.06%

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Total stock-based compensation costs included in our condensed consolidated statements of income for the three months ended June 2, 2017 and June 3, 2016 were as follows (in thousands):

		2017								2016
Income Statement Classifications		Option Grants and Stock Purchase Rights				Restricted Stock Units and Performance Share Awards				Option Grants and Stock Purchase Rights				Restricted Stock Units and Performance Share Awards
Cost of revenue—subscription		$	878			$	4,673			$	413			$	1,758
Cost of revenue—services and support		1,501				1,677				1,433				1,738
Research and development		4,435				42,539				3,751				25,408
Sales and marketing		4,801				35,439				4,463				27,969
General and administrative		1,262				19,615				1,214				17,205
Total		$	12,877			$	103,943			$	11,274			$	74,078

Total stock-based compensation costs included in our condensed consolidated statements of income for the six months ended June 2, 2017 and June 3, 2016 were as follows (in thousands):

		2017								2016
Income Statement Classifications		Option Grants and Stock Purchase Rights				Restricted Stock Units and Performance Share Awards				Option Grants and Stock Purchase Rights				Restricted Stock Units and Performance Share Awards
Cost of revenue—subscription		$	1,271			$	6,834			$	786			$	3,561
Cost of revenue—services and support		3,224				4,742				2,866				3,633
Research and development		8,467				75,633				7,625				54,892
Sales and marketing		9,189				67,904				9,013				57,325
General and administrative		2,492				37,931				2,447				35,952
Total		$	24,643			$	193,044			$	22,737			$	155,363

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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