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Share-Based Compensation Expense (Tables)
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12 Months Ended |
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Oct. 31, 2012
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Summary of stock option activity |
The following table is a summary of Ciena's stock option activity for the periods indicated (shares in thousands):
| | | | | | | | | Shares Underlying Options Outstanding | | Weighted Average Exercise Price | Balance as of October 31, 2009 | 5,538 |
| | $ | 45.80 |
| Granted | 86 |
| | 12.42 |
| Exercised | (103 | ) | | 5.21 |
| Canceled | (519 | ) | | 95.00 |
| Balance as of October 31, 2010 | 5,002 |
| | 40.96 |
| Granted | — |
| | — |
| Exercised | (411 | ) | | 14.88 |
| Canceled | (901 | ) | | 97.64 |
| Balance as of October 31, 2011 | 3,690 |
| | 30.01 |
| Granted | — |
| | — |
| Exercised | (56 | ) | | 6.72 |
| Canceled | (427 | ) | | 51.28 |
| Balance as of October 31, 2012 | 3,207 |
| | $ | 27.58 |
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| Summarizes information with respect to stock options outstanding |
The following table summarizes information with respect to stock options outstanding at October 31, 2012, based on Ciena’s closing stock price on the last trading day of Ciena’s fiscal 2012 (shares and intrinsic value in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options Outstanding at | | Vested Options at | | | | | | | October 31, 2012 | | October 31, 2012 | | | | | | | Number | | Weighted Average Remaining | | Weighted | | | | Number | | Weighted Average Remaining | | Weighted | | | Range of | | of | | Contractual | | Average | | Aggregate | | of | | Contractual | | Average | | Aggregate | Exercise | | Underlying | | Life | | Exercise | | Intrinsic | | Underlying | | Life | | Exercise | | Intrinsic | Price | | Shares | | (Years) | | Price | | Value | | Shares | | (Years) | | Price | | Value | $ | 0.94 |
| | — |
| | $ | 16.31 |
| | 318 |
| | 5.03 |
| | $ | 8.44 |
| | $ | 1,445 |
| | 286 |
| | 4.84 |
| | $ | 8.16 |
| | $ | 1,387 |
| $ | 16.52 |
| | — |
| | $ | 17.29 |
| | 389 |
| | 2.68 |
| | 16.68 |
| | — |
| | 389 |
| | 2.68 |
| | 16.68 |
| | — |
| $ | 17.43 |
| | — |
| | $ | 24.50 |
| | 529 |
| | 2.48 |
| | 20.46 |
| | — |
| | 529 |
| | 2.48 |
| | 20.46 |
| | — |
| $ | 24.69 |
| | — |
| | $ | 28.28 |
| | 406 |
| | 3.67 |
| | 27.00 |
| | — |
| | 406 |
| | 3.67 |
| | 27.00 |
| | — |
| $ | 28.61 |
| | — |
| | $ | 31.43 |
| | 195 |
| | 3.20 |
| | 29.80 |
| | — |
| | 195 |
| | 3.20 |
| | 29.80 |
| | — |
| $ | 31.71 |
| | — |
| | $ | 32.55 |
| | 506 |
| | 0.31 |
| | 31.72 |
| | — |
| | 506 |
| | 0.31 |
| | 31.72 |
| | — |
| $ | 33.00 |
| | — |
| | $ | 37.10 |
| | 345 |
| | 3.89 |
| | 35.19 |
| | — |
| | 345 |
| | 3.89 |
| | 35.19 |
| | — |
| $ | 37.31 |
| | — |
| | $ | 47.32 |
| | 487 |
| | 1.93 |
| | 44.83 |
| | — |
| | 487 |
| | 1.93 |
| | 44.83 |
| | — |
| $ | 47.53 |
| | — |
| | $ | 55.79 |
| | 32 |
| | 0.80 |
| | 49.35 |
| | — |
| | 32 |
| | 0.80 |
| | 49.35 |
| | — |
| $ | 0.94 |
| | — |
| | $ | 55.79 |
| | 3,207 |
| | 2.66 |
| | $ | 27.58 |
| | $ | 1,445 |
| | 3,175 |
| | 2.62 |
| | $ | 27.75 |
| | $ | 1,387 |
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| Weighted average assumptions for option-based awards |
The following table lists the assumptions used in valuing option-based awards granted in fiscal 2010:
| | | | Year Ended | | October 31, 2010 | Expected volatility | 61.9% | Risk-free interest rate | 2.0%-3.0% | Expected term (years) | 5.3-5.5 | Expected dividend yield | 0.0% |
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| Summary of restricted stock unit activity |
The following table is a summary of Ciena's restricted stock unit activity for the period indicated, with the aggregate fair value of the balance outstanding at the end of each period, based on Ciena's closing stock price on the last trading day of the relevant period (shares and aggregate fair value in thousands):
| | | | | | | | | | | | | Restricted Stock Units Outstanding | | Weighted Average Grant Date Fair Value Per Share | | Aggregate Fair Value | Balance as of October 31, 2009 | 3,716 |
| | $ | 14.67 |
| | $ | 43,591 |
| Granted | 3,643 |
| | | | | Vested | (1,846 | ) | | | | | Canceled or forfeited | (322 | ) | | | | | Balance as of October 31, 2010 | 5,191 |
| | 13.81 |
| | 71,681 |
| Granted | 2,064 |
| | | | | Vested | (2,466 | ) | | | | | Canceled or forfeited | (491 | ) | | | | | Balance as of October 31, 2011 | 4,298 |
| | 16.28 |
| | 59,399 |
| Granted | 2,433 |
| | | | | Vested | (1,912 | ) | | | | | Canceled or forfeited | (416 | ) | | | | | Balance as of October 31, 2012 | 4,403 |
| | $ | 14.16 |
| | $ | 56,267 |
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| Share-based compensation expense |
The following table summarizes share-based compensation expense for the periods indicated (in thousands):
| | | | | | | | | | | | | | Year Ended October 31, | | 2010 | | 2011 | | 2012 | Product costs | $ | 2,140 |
| | $ | 2,269 |
| | $ | 2,156 |
| Service costs | 1,717 |
| | 1,881 |
| | 1,462 |
| Share-based compensation expense included in cost of goods sold | 3,857 |
| | 4,150 |
| | 3,618 |
| Research and development | 9,310 |
| | 10,149 |
| | 8,567 |
| Sales and marketing | 10,950 |
| | 12,182 |
| | 11,558 |
| General and administrative | 9,959 |
| | 11,140 |
| | 8,691 |
| Acquisition and integration costs | 1,342 |
| | 308 |
| | 7 |
| Share-based compensation expense included in operating expense | 31,561 |
| | 33,779 |
| | 28,823 |
| Share-based compensation expense capitalized in inventory, net | 142 |
| | 1 |
| | (47 | ) | Total share-based compensation | $ | 35,560 |
| | $ | 37,930 |
| | $ | 32,394 |
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