SHARE-BASED COMPENSATION EXPENSE (Tables)
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6 Months Ended |
Apr. 30, 2017 |
|---|
| 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 period indicated (shares in thousands):
| | | | | | | | | Shares Underlying Options Outstanding | | Weighted Average Exercise Price | Balance at October 31, 2016 | 1,387 |
| | $ | 26.90 |
| Exercised | (167 | ) | | — |
| Canceled | (225 | ) | | — |
| Balance at April 30, 2017 | 995 |
| | $ | 29.55 |
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| Summarizes information with respect to stock options outstanding |
The following table summarizes information with respect to stock options outstanding at April 30, 2017, based on Ciena’s closing stock price on the last trading day of Ciena’s second fiscal quarter of 2017 (shares and intrinsic value in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options Outstanding at | | Vested Options at | | | | | | | April 30, 2017 | | April 30, 2017 | | | | | | | 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 | $ | 1.88 |
| | — |
| | $ | 10.18 |
| | 83 |
| | 2.67 | | $ | 8.16 |
| | $ | 1,229 |
| | 82 |
| | 2.61 | | $ | 8.14 |
| | $ | 1,216 |
| $ | 11.34 |
| | — |
| | $ | 17.24 |
| | 207 |
| | 4.91 | | 13.42 |
| | 1,964 |
| | 198 |
| | 4.80 | | 13.34 |
| | 1,893 |
| $ | 17.50 |
| | — |
| | $ | 30.46 |
| | 145 |
| | 1.97 | | 25.66 |
| | 167 |
| | 135 |
| | 1.55 | | 26.20 |
| | 121 |
| $ | 31.93 |
| | — |
| | $ | 37.10 |
| | 323 |
| | 1.85 | | 35.19 |
| | — |
| | 323 |
| | 1.85 | | 35.19 |
| | — |
| $ | 37.82 |
| | — |
| | $ | 55.63 |
| | 237 |
| | 4.07 | | 45.89 |
| | — |
| | 231 |
| | 4.02 | | 45.91 |
| | — |
| $ | 1.88 |
| | — |
| | $ | 55.63 |
| | 995 |
| | 3.10 | | $ | 29.55 |
| | $ | 3,360 |
| | 969 |
| | 2.99 | | $ | 29.73 |
| | $ | 3,230 |
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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 at October 31, 2016 | 4,280 |
| | $ | 19.96 |
| | $ | 83,511 |
| Granted | 2,092 |
| | | | | Vested | (1,306 | ) | | | | | Canceled or forfeited | (433 | ) | | | | | Balance at April 30, 2017 | 4,633 |
| | $ | 21.22 |
| | $ | 106,143 |
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| Share-based compensation expense |
The following table summarizes share-based compensation expense for the periods indicated (in thousands):
| | | | | | | | | | | | | | | | | | Quarter Ended April 30, | | Six Months Ended April 30, | | 2017 | | 2016 | | 2017 | | 2016 | Product costs | $ | 708 |
| | $ | 629 |
| | $ | 1,269 |
| | $ | 1,200 |
| Service costs | 679 |
| | 693 |
| | 1,307 |
| | 1,285 |
| Share-based compensation expense included in cost of sales | 1,387 |
| | 1,322 |
| | 2,576 |
| | 2,485 |
| Research and development | 3,653 |
| | 3,791 |
| | 6,862 |
| | 7,219 |
| Sales and marketing | 3,513 |
| | 3,923 |
| | 6,386 |
| | 8,658 |
| General and administrative | 3,417 |
| | 4,968 |
| | 8,870 |
| | 10,097 |
| Acquisition and integration costs | — |
| | 697 |
| | — |
| | 714 |
| Share-based compensation expense included in operating expense | 10,583 |
| | 13,379 |
| | 22,118 |
| | 26,688 |
| Share-based compensation expense capitalized in inventory, net | 35 |
| | 32 |
| | 136 |
| | 37 |
| Total share-based compensation | $ | 12,005 |
| | $ | 14,733 |
| | $ | 24,830 |
| | $ | 29,210 |
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