Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 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

 

 

64,498

 

 

 

83.30

 

 

 

83.30

 

 

 

 

 

 

 

 

 

Exercised

 

 

(308,132

)

 

0.60-56.72

 

 

 

21.68

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(62,424

)

 

24.52-58.95

 

 

 

43.75

 

 

 

 

 

 

 

 

 

Expired

 

 

(33

)

 

 

8.70

 

 

 

8.70

 

 

 

 

 

 

 

 

 

Outstanding as of June 30, 2017

 

 

2,049,436

 

 

0.60-83.30

 

 

 

30.47

 

 

 

5.07

 

 

 

64.95

 

Vested and exercisable as of June 30, 2017

 

 

1,106,535

 

 

0.60-83.30

 

 

 

21.62

 

 

 

4.83

 

 

 

73.80

 

Vested and expected to vest as of June 30, 2017

 

 

1,984,249

 

 

$0.60-$83.30

 

 

$

30.18

 

 

 

5.06

 

 

$

65.24

 

 

Summary of Restricted Stock Units Activity

RSU activity for the six months ended June 30, 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 June 30, 2017

 

 

5,700

 

 

$

73.26

 

 

Summary of Stock-based Compensation Expense

Stock-based compensation

Stock-based compensation expense recognized for the three months and six months ended June 30, 2017 and June 30, 2016 was as follows:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Stock-based compensation expense by type of award:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock option plan awards

 

$

2,055

 

 

$

2,001

 

 

$

3,799

 

 

$

3,205

 

Restricted stock units

 

 

24

 

 

 

 

 

 

48

 

 

 

 

Employee stock purchase plan

 

 

137

 

 

 

155

 

 

 

260

 

 

 

246

 

Total stock-based compensation expense

 

$

2,216

 

 

$

2,156

 

 

$

4,107

 

 

$

3,451

 

For the three months and six months ended June 30, 2017 and June 30, 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

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Cost of revenue

 

$

212

 

 

$

160

 

 

$

403

 

 

$

279

 

Research and development

 

 

250

 

 

 

207

 

 

 

473

 

 

 

338

 

Sales and marketing

 

 

347

 

 

 

314

 

 

 

662

 

 

 

541

 

General and administrative

 

 

1,407

 

 

 

1,475

 

 

 

2,569

 

 

 

2,293

 

Total stock-based compensation expense

 

$

2,216

 

 

$

2,156

 

 

$

4,107

 

 

$

3,451