|
Employee Benefit Plans (Tables)
|
12 Months Ended |
|
Oct. 31, 2012
|
| Restricted Stock Units |
The following table
contains information concerning activities related to restricted
stock units:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Restricted
Stock Units |
|
|
Weighted Average
Grant Date
Fair Value |
|
|
Weighted
Average
Remaining
Contractual
Life (In Years) |
|
|
Aggregate
Fair
Value |
|
| |
|
(in thousands, except per share
and life amounts) |
|
|
Balance at October 31,
2009
|
|
|
3,133 |
|
|
$ |
22.63 |
|
|
|
1.41 |
|
|
|
|
|
|
Granted
|
|
|
1,228 |
|
|
$ |
22.00 |
|
|
|
|
|
|
|
|
|
|
Assumed(1)
|
|
|
713 |
|
|
$ |
23.69 |
|
|
|
|
|
|
|
|
|
|
Vested(2)
|
|
|
(1,221 |
) |
|
$ |
22.40 |
|
|
|
|
|
|
$ |
27,345 |
|
|
Forfeited
|
|
|
(123 |
) |
|
$ |
22.51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at October 31,
2010
|
|
|
3,730 |
|
|
$ |
22.71 |
|
|
|
1.41 |
|
|
|
|
|
|
Granted
|
|
|
1,483 |
|
|
$ |
26.89 |
|
|
|
|
|
|
|
|
|
|
Vested(2)
|
|
|
(1,522 |
) |
|
$ |
23.11 |
|
|
|
|
|
|
$ |
35,164 |
|
|
Forfeited
|
|
|
(237 |
) |
|
$ |
23.49 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at October 31,
2011
|
|
|
3,454 |
|
|
$ |
24.28 |
|
|
|
1.48 |
|
|
|
|
|
|
Granted
|
|
|
1,813 |
|
|
$ |
29.52 |
|
|
|
|
|
|
|
|
|
|
Assumed(1)
|
|
|
353 |
|
|
$ |
30.33 |
|
|
|
|
|
|
|
|
|
|
Vested(2)
|
|
|
(1,508 |
) |
|
$ |
24.14 |
|
|
|
|
|
|
$ |
36,402 |
|
|
Forfeited
|
|
|
(192 |
) |
|
$ |
26.70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at October 31,
2012
|
|
|
3,920 |
|
|
$ |
27.18 |
|
|
|
1.52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
The Company assumed restricted stock units outstanding
under various plans through acquisitions. |
| (2) |
The number of vested restricted stock units includes
shares that were withheld on behalf of employees to satisfy the
statutory tax withholding requirements. |
|
| Stock Options and Restricted Stock Units Under all Equity Plans (Except 2005 Directors Plan) |
The following table
contains additional information concerning activities related to
stock options and restricted stock units under all equity plans,
other than shares available for grant under the 2005 Directors
Plan:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Available for
Grant(3) |
|
|
Options(2) |
|
| |
|
|
Options
Outstanding |
|
|
Weighted-
Average Exercise
Price per Share |
|
|
Weighted-
Average
Remaining
Contractual
Life (In Years) |
|
|
Aggregate
Intrinsic
Value |
|
| |
|
(in thousands, except per share
and life amounts) |
|
|
Balance at October 31,
2009
|
|
|
6,703 |
|
|
|
25,818 |
|
|
$ |
21.22 |
|
|
|
2.89 |
|
|
$ |
58,267 |
|
|
Options Granted
|
|
|
(1,995 |
) |
|
|
1,995 |
|
|
$ |
21.30 |
|
|
|
|
|
|
|
|
|
|
Options Assumed(2)
|
|
|
|
|
|
|
456 |
|
|
$ |
18.10 |
|
|
|
|
|
|
|
|
|
|
Options Exercised
|
|
|
|
|
|
|
(6,465 |
) |
|
$ |
18.16 |
|
|
|
|
|
|
|
|
|
|
Options
Canceled/forfeited/expired
|
|
|
372 |
|
|
|
(620 |
) |
|
$ |
23.19 |
|
|
|
|
|
|
|
|
|
|
Restricted stock units
granted(1)
|
|
|
(2,677 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted stock units
forfeited(1)
|
|
|
203 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional shares reserved
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at October 31,
2010
|
|
|
2,606 |
|
|
|
21,184 |
|
|
$ |
21.83 |
|
|
|
2.80 |
|
|
$ |
90,013 |
|
|
Options Granted
|
|
|
(2,228 |
) |
|
|
2,270 |
|
|
$ |
26.07 |
|
|
|
|
|
|
|
|
|
|
Options Exercised
|
|
|
|
|
|
|
(6,800 |
) |
|
$ |
20.53 |
|
|
|
|
|
|
|
|
|
|
Options
Canceled/forfeited/expired
|
|
|
550 |
|
|
|
(694 |
) |
|
$ |
27.24 |
|
|
|
|
|
|
|
|
|
|
Restricted stock units
granted(1)
|
|
|
(2,182 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted stock units
forfeited(1)
|
|
|
165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional shares reserved
|
|
|
7,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at October 31,
2011
|
|
|
5,911 |
|
|
|
15,960 |
|
|
$ |
22.76 |
|
|
|
2.97 |
|
|
$ |
74,068 |
|
|
Options Granted
|
|
|
(1,719 |
) |
|
|
1,719 |
|
|
$ |
28.86 |
|
|
|
|
|
|
|
|
|
|
Options Assumed(2)
|
|
|
|
|
|
|
382 |
|
|
$ |
19.15 |
|
|
|
|
|
|
|
|
|
|
Options Exercised
|
|
|
|
|
|
|
(7,103 |
) |
|
$ |
21.09 |
|
|
|
|
|
|
|
|
|
|
Options
Canceled/forfeited/expired
|
|
|
631 |
|
|
|
(739 |
) |
|
$ |
25.07 |
|
|
|
|
|
|
|
|
|
|
Restricted stock units
granted(1)
|
|
|
(2,638 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted stock units
forfeited(1)
|
|
|
167 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional shares reserved
|
|
|
5,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at October 31,
2012
|
|
|
7,352 |
|
|
|
10,219 |
|
|
$ |
24.64 |
|
|
|
3.71 |
|
|
$ |
80,950 |
|
|
Vested and expected to vest as of
October 31, 2012
|
|
|
|
|
|
|
10,135 |
|
|
$ |
24.62 |
|
|
|
3.69 |
|
|
$ |
80,526 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable at October 31,
2012
|
|
|
|
|
|
|
6,337 |
|
|
$ |
23.87 |
|
|
|
2.61 |
|
|
$ |
55,118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
These amounts do not reflect the actual number of
restricted stock units granted or forfeited but rather the effect
on the total remaining shares available for future grants after the
application of the share reserve ratio. For more information about
the share reserve ratio, please see Restricted Stock Units
above. |
| (2) |
The Company assumed options and stock appreciation rights
(SARs) outstanding under various plans through
acquisitions. |
| (3) |
Excluding shares reserved for future issuance under the
2005 Directors Plan. |
|
| Pretax Intrinsic Value of Options Exercised and Their Average Exercise Prices |
Company’s closing
stock price of $32.55 as of October 31, 2012. The pretax
intrinsic value of options exercised and their average exercise
prices were:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended October 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
| |
|
(in thousands, except per share price) |
|
|
Exercise value
|
|
$ |
63,048 |
|
|
$ |
42,388 |
|
|
$ |
29,788 |
|
|
Average exercise price per
share
|
|
$ |
21.09 |
|
|
$ |
20.53 |
|
|
$ |
18.16 |
|
|
| Stock Options Outstanding |
The following table
summarizes information about stock options outstanding as of
October 31, 2012:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Options Outstanding |
|
|
Exercisable Options |
|
|
Range of Exercise
Prices
|
|
Number
Outstanding |
|
|
Weighted-Average
Remaining
Contractual Life
(In Years) |
|
|
Weighted-Average
Exercise Price |
|
|
Number
Exercisable |
|
|
Weighted-Average
Exercise Price |
|
| |
|
(in thousands) |
|
|
|
|
|
|
|
|
(in thousands) |
|
|
|
|
|
$ 3.60 -
$19.28
|
|
|
1,289 |
|
|
|
2.89 |
|
|
$ |
16.58 |
|
|
|
1,147 |
|
|
$ |
16.63 |
|
|
$19.32 - $21.10
|
|
|
1,055 |
|
|
|
2.66 |
|
|
$ |
20.82 |
|
|
|
790 |
|
|
$ |
20.76 |
|
|
$21.18 - $23.39
|
|
|
1,391 |
|
|
|
4.68 |
|
|
$ |
22.03 |
|
|
|
599 |
|
|
$ |
21.76 |
|
|
$23.45 - $26.09
|
|
|
1,219 |
|
|
|
2.17 |
|
|
$ |
24.71 |
|
|
|
1,131 |
|
|
$ |
24.68 |
|
|
$26.17 - $26.56
|
|
|
1,232 |
|
|
|
3.53 |
|
|
$ |
26.40 |
|
|
|
792 |
|
|
$ |
26.32 |
|
|
$26.66 - $27.14
|
|
|
1,505 |
|
|
|
4.05 |
|
|
$ |
27.04 |
|
|
|
869 |
|
|
$ |
27.05 |
|
|
$27.43 - $29.62
|
|
|
1,033 |
|
|
|
5.22 |
|
|
$ |
27.88 |
|
|
|
340 |
|
|
$ |
28.29 |
|
|
$29.80 - $40.56
|
|
|
1,495 |
|
|
|
4.28 |
|
|
$ |
30.54 |
|
|
|
669 |
|
|
$ |
31.16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,219 |
|
|
|
3.71 |
|
|
$ |
24.64 |
|
|
|
6,337 |
|
|
$ |
23.87 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of Restricted Stock Award Activities Under 2005 Director Plan |
Restricted stock award
activities during fiscal 2012 under the 2005 Director Plan are
summarized as follows:
|
|
|
|
|
|
|
|
|
| |
|
Restricted
Shares |
|
|
Weighted-Average
Grant Date Fair Value |
|
| |
|
(in thousands) |
|
|
Unvested at October 31,
2011
|
|
|
54 |
|
|
$ |
24.73 |
|
|
Granted
|
|
|
28 |
|
|
$ |
31.04 |
|
|
Vested
|
|
|
(25 |
) |
|
$ |
23.66 |
|
|
Forfeited
|
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
Unvested at October 31,
2012
|
|
|
57 |
|
|
$ |
28.28 |
|
|
|
|
|
|
|
|
|
|
|
| Stock Option Plans and Stock Purchase Rights Granted Under ESPP |
The assumptions presented
in the following table were used to estimate the fair value of
stock options and employee stock purchase rights granted under the
Company’s stock plans or stock plans assumed from
acquisitions:
|
|
|
|
|
|
|
| |
|
Year Ended October 31, |
| |
|
2012 |
|
2011 |
|
2010 |
|
Stock Options
|
|
|
|
|
|
|
|
Expected life (in years)
|
|
1.0 - 4.9 |
|
4.8 |
|
3.65 - 5.73 |
|
Risk-free interest rate
|
|
0.22% - 0.95% |
|
0.96% - 2.28% |
|
1.08% - 2.57% |
|
Volatility
|
|
22.65% - 29.76% |
|
26.96% - 30.30% |
|
26.92% - 30.76% |
|
Weighted average estimated fair
value
|
|
$8.46 |
|
$7.04 |
|
$7.10 |
|
ESPP
|
|
|
|
|
|
|
|
Expected life (in years)
|
|
0.5 - 2.0 |
|
0.5 - 2.0 |
|
0.5 - 2.0 |
|
Risk-free interest rate
|
|
0.16% - 0.34% |
|
0.09% - 0.68% |
|
0.18% - 0.78% |
|
Volatility
|
|
21.95% - 23.20% |
|
19.48% - 27.08% |
|
22.4% - 31.27% |
|
Weighted average estimated fair
value
|
|
$8.02 |
|
$6.82 |
|
$6.16 |
|
| Stock Compensation Expense |
The following table
presents stock compensation expense for fiscal 2012, 2011 and 2010,
respectively:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended October 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
| |
|
(in thousands) |
|
|
Cost of license
|
|
$ |
6,927 |
|
|
$ |
5,658 |
|
|
$ |
6,497 |
|
|
Cost of maintenance and
service
|
|
|
1,727 |
|
|
|
1,416 |
|
|
|
1,908 |
|
|
Research and development
expense
|
|
|
32,767 |
|
|
|
26,747 |
|
|
|
26,551 |
|
|
Sales and marketing
expense
|
|
|
13,566 |
|
|
|
11,068 |
|
|
|
12,372 |
|
|
General and administrative
expense
|
|
|
16,427 |
|
|
|
11,525 |
|
|
|
12,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation expense before
taxes
|
|
|
71,414 |
|
|
|
56,414 |
|
|
|
59,988 |
|
|
Income tax benefit
|
|
|
(15,989 |
) |
|
|
(14,798 |
) |
|
|
(14,525 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation expense after
taxes
|
|
$ |
55,425 |
|
|
$ |
41,616 |
|
|
$ |
45,463 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred Plan Assets and Liabilities |
Deferred Plan Assets and
Liabilities are as follows:
|
|
|
|
|
|
|
|
|
| |
|
As of October 31,
2012 |
|
|
As of October 31,
2011 |
|
| |
|
(In thousands) |
|
|
Plan assets recorded in other
long-term assets
|
|
$ |
100,645 |
|
|
$ |
90,060 |
|
|
Plan liabilities recorded in other
long-term liabilities(1)
|
|
$ |
100,645 |
|
|
$ |
90,060 |
|
| |
(1) |
For undistributed deferred compensation due to
participants. |
|
| Summary of Impact of Deferred Plan |
The following table
summarizes the impact of the Deferred Plan:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended October 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
| |
|
(in thousands) |
|
|
Increase (reduction) to cost of
revenue and operating expense
|
|
$ |
7,498 |
|
|
$ |
2,449 |
|
|
$ |
9,426 |
|
|
Other income (expense),
net
|
|
|
7,498 |
|
|
|
2,449 |
|
|
|
8,810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) to net
income
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(616 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|