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Stockholders' Equity (Tables)
9 Months Ended
Oct. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity for the nine months ended October 31, 2016 is as follows:

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

average

 

 

 

 

 

 

 

 

 

 

average

 

 

remaining

 

 

Aggregate

 

 

Number

 

 

exercise

 

 

contractual

 

 

intrinsic

 

 

of shares

 

 

price

 

 

term (in years)

 

 

value

 

Options outstanding at January 31, 2016

 

18,549,702

 

 

$

5.01

 

 

 

6.8

 

 

$

359,306,108

 

Options granted

 

1,265,000

 

 

 

27.51

 

 

 

 

 

 

 

 

 

Options exercised

 

(2,537,421

)

 

 

3.15

 

 

 

 

 

 

 

 

 

Options forfeited/cancelled

 

(232,919

)

 

 

4.34

 

 

 

 

 

 

 

 

 

Options outstanding at October 31, 2016

 

17,044,362

 

 

$

6.97

 

 

 

6.5

 

 

$

543,566,597

 

Options vested and exercisable at October 31, 2016

 

5,673,711

 

 

$

5.06

 

 

 

5.9

 

 

$

191,721,450

 

Options vested and exercisable at October 31, 2016 and

   expected to vest thereafter

 

16,439,091

 

 

$

6.90

 

 

 

6.5

 

 

$

525,406,590

 

 

Summary of Restricted Stock Unit (RSU) Activity

A summary of restricted stock unit (RSU) activity for the nine months ended October 31, 2016 is as follows:

 

 

 

 

 

 

Weighted

 

 

Unreleased

 

 

average

 

 

Restricted

 

 

grant date

 

 

Stock Units

 

 

fair value

 

Balance at January 31, 2016

 

2,219,425

 

 

$

26.80

 

RSUs granted

 

2,219,333

 

 

 

28.79

 

RSUs vested

 

(690,642

)

 

 

26.76

 

RSUs forfeited/cancelled

 

(301,950

)

 

 

26.58

 

Balance at October 31, 2016

 

3,446,166

 

 

$

28.11

 

 

Schedule of Weighted-Average Assumptions Used to Estimate Grant Date Fair Value of Options Granted

The following table presents the weighted-average assumptions used to estimate the grant date fair value of options granted during the periods presented:

 

 

Three Months Ended

October 31,

 

Nine Months Ended

October 31,

 

 

2016

 

 

2015

 

2016

 

 

2015

 

Volatility

 

45%

 

 

 

45% – 46%

 

 

45% – 46%

 

Expected term (in years)

 

6.35

 

 

 

6.31 – 7.56

 

 

5.50 – 6.32

 

Risk-free interest rate

1.51% – 1.63%

 

 

 

1.48% – 1.67%

 

 

1.69% – 1.84%

 

Dividend yield

 

0%

 

 

 

 

0%

 

 

 

0%