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SHARE-BASED COMPENSATION EXPENSE | 6 Months Ended
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Apr. 27, 2024
Share-Based Payment Arrangement [Abstract] |
SHARE-BASED COMPENSATION EXPENSE | SHARE-BASED COMPENSATION EXPENSE At Ciena’s 2024 Annual Meeting of Stockholders on March 21, 2024, Ciena’s stockholders approved an amendment to the Ciena Corporation 2017 Omnibus Incentive Plan (the “2017 Plan”), effective as of such date, to (i) increase the number of shares available for issuance thereunder by 10.1 million shares, and (ii) increase the recoupment period for misconduct relating to accounting restatements from 12 months to three years. As of April 27, 2024, the total number of shares authorized for issuance under the 2017 Plan is 31.2 million and approximately 10.8 million shares remained available for issuance thereunder. The following table summarizes share-based compensation expense for the periods indicated (in thousands):
| Quarter Ended |  | Six Months Ended
| April 27, |  | April 29, |  | April 27, |  | April 29,
| 2024 |  | 2023 |  | 2024 |  | 2023
Products | $ | 1,760 |  |  | $ | 1,155 |  |  | $ | 3,078 |  |  | $ | 2,206 |
Services | 3,344 |  |  | 2,659 |  |  | 6,364 |  |  | 4,956 |
Share-based compensation expense included in cost of goods sold | 5,104 |  |  | 3,814 |  |  | 9,442 |  |  | 7,162 |
Research and development | 14,066 |  |  | 10,731 |  |  | 26,946 |  |  | 19,965 |
Selling and marketing | 11,166 |  |  | 8,755 |  |  | 21,471 |  |  | 17,179 |
General and administrative | 9,875 |  |  | 8,468 |  |  | 19,954 |  |  | 17,936 |
Share-based compensation expense included in operating expense | 35,107 |  |  | 27,954 |  |  | 68,371 |  |  | 55,080 |
Share-based compensation expense capitalized in inventory, net | 37 |  |  | 92 |  |  | 262 |  |  | 130 |
Total share-based compensation expense | $ | 40,248 |  |  | $ | 31,860 |  |  | $ | 78,075 |  |  | $ | 62,372 |
As of April 27, 2024, total unrecognized share-based compensation expense was approximately $291.3 million, which relates to unvested stock unit awards and is expected to be recognized over a weighted-average period of 1.48 years.

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