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Stock-Based Compensation (Tables) | 6 Months Ended
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May 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Restricted Stock Unit Activity | Restricted stock unit activity for the six months ended May 31, 2019 was as follows (in thousands):
| 2019
Beginning outstanding balance | 8,668 |
Awarded | 3,731 |
Released | (3,221 | )
Forfeited | (386 | )
Ending outstanding balance | 8,792 |
Restricted Stock Units Outstanding | Information regarding restricted stock units outstanding at May 31, 2019 and June 1, 2018 is summarized below:
| Number of Shares (thousands) |  | Weighted Average Remaining Contractual Life (years) |  | Aggregate Intrinsic Value(*) (millions)
2019 |  |  |  |  |
Restricted stock units outstanding | 8,792 |  |  | 1.44 |  | $ | 2,381.8 |
Restricted stock units expected to vest | 7,950 |  |  | 1.37 |  | $ | 2,153.5 |
2018 |  |  |  |  |  |  |
Restricted stock units outstanding | 9,046 |  |  | 1.36 |  | $ | 2,273.3 |
Restricted stock units expected to vest | 8,224 |  |  | 1.30 |  | $ | 2,066.9 |
_________________________________________ (*) 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 May 31, 2019 and June 1, 2018 were $270.90 and $251.31, respectively.
Performance Share Activity | The following table sets forth the summary of performance shares activity for the six months ended May 31, 2019 (in thousands):
| 2019
| Shares Granted |  | Maximum Shares Eligible to Receive
Beginning outstanding balance | 1,148 |  |  | 2,296 |
Awarded | 722 |  | (1) | 614 |
Achieved | (830 | ) | (2) | (830 | )
Forfeited | (23 | ) |  | (46 | )
Ending outstanding balance | 1,017 |  |  | 2,034 |
_________________________________________
(1) | Included in the 0.7 million shares awarded during the six months ended May 31, 2019 were 0.4 million shares awarded for the final achievement of the 2016 Performance Share program. The remaining awarded shares were for the 2019 Performance Share Program.
(2) Shares achieved under our 2016 Performance Share Program resulted from 200% achievement of target.
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions | The assumptions used to value employee stock purchase rights during the six months ended May 31, 2019 and June 1, 2018 were as follows:
| 2019 |  | 2018
Expected life (in years) | 0.5 - 2.0 |  | 0.5 - 2.0
Volatility | 35% - 37% |  | 26% - 27%
Risk free interest rate | 2.47% - 2.63% |  | 1.54% - 1.89%
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 May 31, 2019 and June 1, 2018 were as follows (in thousands):
|  | 2019 |  | 2018
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 | $ | 1,500 |  |  | $ | 6,491 |  |  | $ | 729 |  |  | $ | 4,526 |
Cost of revenue—services and support | 1,757 |  |  | 4,152 |  |  | 1,647 |  |  | 2,680 |
Research and development | 8,771 |  |  | 86,123 |  |  | 5,301 |  |  | 63,608 |
Sales and marketing | 10,087 |  |  | 58,525 |  |  | 5,443 |  |  | 42,747 |
General and administrative | 2,189 |  |  | 24,705 |  |  | 1,350 |  |  | 17,346 |
Total | $ | 24,304 |  |  | $ | 179,996 |  |  | $ | 14,470 |  |  | $ | 130,907 |
Total stock-based compensation costs included in our condensed consolidated statements of income for the six months ended May 31, 2019 and June 1, 2018 were as follows (in thousands):
|  | 2019 |  | 2018
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 | $ | 2,890 |  |  | $ | 11,673 |  |  | $ | 1,497 |  |  | $ | 8,470 |
Cost of revenue—services and support | 3,755 |  |  | 7,969 |  |  | 3,663 |  |  | 5,666 |
Research and development | 17,216 |  |  | 161,942 |  |  | 10,649 |  |  | 117,681 |
Sales and marketing | 20,440 |  |  | 110,772 |  |  | 10,763 |  |  | 81,595 |
General and administrative | 5,470 |  |  | 46,860 |  |  | 2,830 |  |  | 38,088 |
Total | $ | 49,771 |  |  | $ | 339,216 |  |  | $ | 29,402 |  |  | $ | 251,500 |

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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding restricted stock units that are fully vested and expected to vest. Includes, but is not limited to, unvested restricted stock units for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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