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Stock-Based Compensation
 3 Months Ended
Feb. 29, 2012
Stock-Based Compensation [Abstract]  
Stock-Based Compensation

Note 10: Stock-Based Compensation

Stock-based compensation expense reflects the fair value of stock-based awards measured at the grant date and recognized over the relevant service period. We estimate the fair value of each stock-based award on the measurement date using either the current market price of the stock or the Black-Scholes option valuation model. The Black-Scholes option valuation model incorporates assumptions as to stock price volatility, the expected life of options, a risk-free interest rate and dividend yield. We recognize stock-based compensation expense on a straight-line basis over the service period of the award, which is generally four or five years for options and three years for restricted stock units and restricted stock awards.

The following table provides the classification of stock-based compensation as reflected in our condensed consolidated statements of income (in thousands):

 

     Three Months Ended  
     February 29,
2012		      February 28,
2011		  

Cost of software licenses

    $ 3       $ 6   

Cost of maintenance and services

      585         217   

Sales and marketing

      2,134         1,290   

Product development

      1,945         1,269   

General and administrative

      2,424         1,402   
  

 

 

     

 

 

  

Total stock-based compensation

    $ 7,091       $ 4,184   
  

 

 

     

 

 

  

During the first quarter of fiscal 2012, the employment of one of our executives terminated. As part of a pre-existing separation agreement, the executive was entitled to accelerated vesting of certain stock-based awards. Due to the separation and accelerated vesting, we recognized additional stock-based compensation of $0.6 million in the first quarter of fiscal 2012.