Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Summary of Stock Options Activity

The activity for stock options under the Company’s stock plans is as follows:  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

average

 

 

Per share

 

 

 

 

 

 

 

 

 

 

 

average

 

 

contractual

 

 

average

 

 

 

 

 

 

 

Price per

 

 

exercise

 

 

terms

 

 

intrinsic

 

 

 

Options

 

 

share

 

 

price

 

 

(in years)

 

 

value

 

Outstanding as of December 31, 2016

 

 

2,355,527

 

 

$0.60-$58.95

 

 

$

28.22

 

 

 

5.42

 

 

$

38.95

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(157,412

)

 

0.60-46.66

 

 

 

13.80

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(53,465

)

 

38.54-58.95

 

 

 

45.63

 

 

 

 

 

 

 

 

 

Expired

 

 

(33

)

 

 

8.70

 

 

 

8.70

 

 

 

 

 

 

 

 

 

Outstanding as of March 31, 2017

 

 

2,144,617

 

 

0.60-58.95

 

 

 

28.85

 

 

 

5.26

 

 

 

48.71

 

Vested and exercisable as of March 31, 2017

 

 

987,534

 

 

0.60-46.66

 

 

 

18.30

 

 

 

4.93

 

 

 

59.26

 

Vested and expected to vest as of March 31, 2017

 

 

2,063,240

 

 

$0.60-$46.66

 

 

$

28.57

 

 

 

5.25

 

 

$

48.99

 

 

Summary of Restricted Stock Units Activity

RSU activity for the three months ended March 31, 2017, is summarized below:

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

average grant

 

 

 

 

 

 

 

date fair value

 

 

 

Units

 

 

per share

 

Unvested as of December 31, 2016

 

 

 

 

$

 

Granted

 

 

5,700

 

 

 

73.26

 

Vested

 

 

 

 

 

 

Forfeited/canceled

 

 

 

 

 

 

Unvested as of March 31, 2017

 

 

5,700

 

 

$

73.26

 

 

Summary of Stock-based Compensation Expense

Stock-based compensation

Stock-based compensation expense recognized for the three months ended March 31, 2017 and March 31, 2016 was as follows:

 

 

 

Three months ended

 

 

 

March 31,

 

 

 

2017

 

 

2016

 

Stock-based compensation expense by type of award:

 

 

 

 

 

 

 

 

Stock option plan awards

 

$

1,744

 

 

$

1,204

 

Restricted stock units

 

 

24

 

 

 

 

Employee stock purchase plan

 

 

123

 

 

 

91

 

Total stock-based compensation expense

 

$

1,891

 

 

$

1,295

 

For the three months ended March 31, 2017 and March 31, 2016, stock-based compensation expense recognized under ASC 718, included in cost of revenues, sales and marketing expense, general and administrative expense, and research and development expense was as follows:

 

 

 

Three months ended

 

 

 

March 31,

 

 

 

2017

 

 

2016

 

Cost of revenue

 

$

191

 

 

$

119

 

Research and development

 

 

223

 

 

 

131

 

Sales and marketing

 

 

315

 

 

 

227

 

General and administrative

 

 

1,162

 

 

 

818

 

Total stock-based compensation expense

 

$

1,891

 

 

$

1,295