XML 42 R32.htm IDEA: XBRL DOCUMENT v3.7.0.1
Equity Award Plans (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of the Activity for Stock Option Changes and Summary of Information Related to Options Vested and Expected to Vest and Options Exercisable
A summary of the activity for our stock option changes during the reporting period and a summary of information related to options vested and options exercisable are presented below (in thousands, except per share amounts and contractual life years):
 
Options Outstanding
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
(per share)
 
Weighted-
Average
Contractual
Life (years)
 
Aggregate
Intrinsic
Value
Balance — December 31, 2016
8,085

 
$
10.7

 
5.4
 
$
40,304

Exercised
(2,337
)
 
4.79

 
 
 
19,866

Cancelled
(274
)
 
32.67

 
 
 
 
Balance — June 30, 2017
5,474

 
$
12.13

 
5.1
 
$
38,620

Options exercisable — June 30, 2017
5,330

 
$
11.60

 
5.1
 
$
38,346

Summary of Activity for Restricted Common Stock, RSAs and RSUs and Summary of Information Related to Unvested Restricted Common Stock, RSAs and RSUs and those Expected to Vest
A summary of the activity for our restricted common stock, RSAs and RSUs, including those subject to performance conditions, during the reporting period and a summary of information related to unvested restricted common stock, RSAs and RSUs, including those with vesting subject to the achievement of a performance condition, are presented below (in thousands, except per share amounts and contractual life years):
 
Number of
Shares
 
Weighted-
Average
Grant Date
Fair Value
(per share)
 
Weighted-
Average
Contractual
Life (years)
 
Aggregate
Intrinsic
Value
Unvested balance — December 31, 2016
19,883

 
$
22.23

 
1.5
 
$
236,605

Granted
10,686

 
11.75

 
 
 
 
Vested
(4,186
)
 
23.26

 
 
 
 
Cancelled
(4,389
)
 
16.80

 
 
 
 
Unvested balance — June 30, 2017
21,994

 
$
17.67

 
1.6
 
$
334,534

Unvested awards for which the requisite service period has not been rendered and vesting is subject to the achievement of a performance condition — June 30, 2017
4,340

 
$
16.82

 
2.0
 
$
66,012

Schedule of Assumptions used in Black-Scholes Option Pricing Model
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine fair value of our common shares to be issued under the ESPP for the offering periods beginning in May 2017:
 
Three and Six Months Ended June 30, 2017
 
Three and Six Months Ended June 30, 2016
Fair value of common stock
$15.65
 
$11.15
Risk-free interest rate
1.05% - 1.12%
 
0.38% - 0.57%
Expected term (in years)
0.5 - 1.0
 
0.5 - 1.0
Volatility
51%
 
61%
Dividend yield
—%
 
—%
Schedule of Stock-Based Compensation Expense Related to Stock Options, ESPP and Restricted Stock Units and Awards
Stock-based compensation expense related to stock options, ESPP and restricted stock units and awards is included in the condensed consolidated statements of operations as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Cost of product revenue
$
519

 
$
614

 
$
1,054

 
$
1,281

Cost of subscription and services revenue
6,873

 
7,653

 
14,370

 
17,254

Research and development
14,057

 
19,025

 
28,582

 
43,455

Sales and marketing
10,219

 
17,606

 
24,234

 
33,760

General and administrative
7,729

 
12,410

 
15,046

 
25,625

Total
$
39,397


$
57,308


$
83,286


$
121,375