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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Stock-Based Compensation Expense Related to Grants of Employee and Consultant Stock Options, Restricted Stock and Restricted Stock Units (ZSUs)

We recorded stock-based compensation expense related to grants of employee and consultant stock options, restricted stock, and restricted stock units (“ZSUs”) in our consolidated statements of operations as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Cost of revenue

 

$

435

 

 

$

1,049

 

 

$

1,425

 

 

$

2,825

 

Research and development

 

 

10,097

 

 

 

18,662

 

 

 

32,293

 

 

 

63,078

 

Sales and marketing

 

 

1,891

 

 

 

1,541

 

 

 

5,429

 

 

 

5,738

 

General and administrative

 

 

3,166

 

 

 

3,223

 

 

 

10,199

 

 

 

9,341

 

Total stock-based compensation expense

 

$

15,589

 

 

$

24,475

 

 

$

49,346

 

 

$

80,982

 

 

Schedule of Share Based Compensation Stock Option Activity

The following table shows stock option activity for the nine months ended September 30, 2017 (in thousands, except weighted-average exercise price and weighted-average contractual term):

 

 

 

Outstanding Options

 

 

 

 

 

 

 

Weighted-

 

 

Aggregate

 

 

Weighted-

 

 

 

 

 

 

 

Average

 

 

Intrinsic Value of

 

 

Average

 

 

 

 

 

 

 

Exercise

 

 

Stock Options

 

 

Contractual Term

 

 

 

Stock Options

 

 

Price

 

 

Outstanding

 

 

(in years)

 

Balance as of December 31, 2016

 

 

36,858

 

 

$

2.08

 

 

$

26,411

 

 

 

6.81

 

Granted

 

 

848

 

 

 

3.62

 

 

 

 

 

 

 

 

 

Forfeited and cancelled

 

 

(3,014

)

 

 

3.60

 

 

 

 

 

 

 

 

 

Exercised

 

 

(2,166

)

 

 

1.29

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2017

 

 

32,526

 

 

$

2.03

 

 

$

57,771

 

 

 

6.44

 

 

Schedule of Share Based Compensation Restricted Stock Units Award Activity

The following table shows a summary of ZSU activity for the nine months ended September 30, 2017 (in thousands, except weighted-average grant date fair value):

 

 

 

Outstanding ZSUs

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

Average Grant Date

 

 

Aggregate

 

 

 

 

 

 

 

Fair Value

 

 

Intrinsic Value of

 

 

 

Shares

 

 

(per share)

 

 

Unvested ZSUs

 

Unvested as of December 31, 2016

 

 

59,452

 

 

$

2.66

 

 

$

152,792

 

Granted

 

 

16,262

 

 

 

3.36

 

 

 

 

 

Vested

 

 

(15,941

)

 

 

2.84

 

 

 

 

 

Forfeited and cancelled

 

 

(13,862

)

 

 

2.63

 

 

 

 

 

Unvested as of September 30, 2017

 

 

45,911

 

 

$

2.86

 

 

$

173,544

 

 

Schedule of Accumulated Other Comprehensive Income Loss

The following table shows a summary of changes in accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2017 (in thousands):

 

 

 

Foreign Currency Translation

 

 

Unrealized Gains (Losses) on

Available-for-Sale

Securities

 

 

Total

 

Balance as of December 31, 2016

 

$

(128,671

)

 

$

(23

)

 

$

(128,694

)

Other comprehensive income (loss) before

   reclassifications

 

 

37,479

 

 

 

(8

)

 

 

37,471

 

Less: Amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

 

 

 

 

 

 

 

Net current-period other comprehensive income (loss)

 

 

37,479

 

 

 

(8

)

 

 

37,471

 

Balance as of September 30, 2017

 

$

(91,192

)

 

$

(31

)

 

$

(91,223

)