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Common Stock and Stockholders' Equity (Tables)
12 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Schedule of Shares of Common Stock Reserved for Future Issuance

The Company had reserved shares of common stock for future issuance as follows (in thousands):

 

     As of March 31,  
     2016      2015  

Common stock options outstanding

     7,050         9,422   

RSUs outstanding

     1,549         723   

Common stock reserved for issuance in connection with acquisition

     90         129   

Available for future stock option and RSU grants

     6,561         5,149   

Available for future employee stock purchase plan awards

     1,360         1,000   
  

 

 

    

 

 

 
     16,610         16,423   
  

 

 

    

 

 

 
Schedule of Stock Option and RSU Award Activities

The following table summarizes the Company’s stock option and RSU award activities for the fiscal year ended March 31, 2016 (in thousands, except per share information):

 

    Options Outstanding     RSUs Outstanding  
    Number
of
Shares
    Weighted-
Average
Exercise
Price
    Weighted-
Average
Remaining
Contractual
Term (in
years)
    Aggregate
Intrinsic
Value
    Number
of
Shares
    Weighted-
Average
Grant
Date Fair
Value
    Weighted-
Average
Remaining
Contractual
Term (in
years)
    Aggregate
Intrinsic
Value
 

Outstanding—April 1, 2015

    9,422      $ 10.08        7.9      $ 231,964        723      $ 23.87        3.5      $ 25,098   

Stock options granted

    685        32.17               

RSUs granted

            1,155        32.45       

Stock options exercised

    (2,324     5.39          65,572           

RSUs vested

            (166     25.17       

Stock options canceled/forfeited

    (733     15.58               

RSUs canceled/forfeited

            (163     27.71       
 

 

 

         

 

 

       

Outstanding—March 31, 2016

    7,050      $ 13.20        6.5      $ 95,326        1,549      $ 29.73        3.1      $ 40,387   
 

 

 

         

 

 

       

Options vested and expected to vest— March 31, 2016

    7,011      $ 13.12        6.5      $ 95,226           

Options vested and exercisable— March 31, 2016

    3,840      $ 7.82        5.1      $ 70,300           

RSUs expected to vest—March 31, 2016

            1,459      $ 29.57        3.1      $ 43,139   
Schedule of Assumptions Used to Estimate Fair Value of Stock Options Granted and ESPP Shares to be Issued

The assumptions used to estimate the fair value of stock options granted and ESPP shares to be issued during the fiscal years ended March 31, 2016, 2015, and 2014 were as follows:

 

Stock Options:

                
     Year Ended March 31,  
     2016   2015     2014  

Expected term (years)

   6     5 - 6        5 - 6   

Expected volatility

   45 - 47%     45 - 51%        47 - 52%   

Risk-free interest rate

   1.39 - 1.93%     1.40 - 2.01%        0.74 - 1.87%   

Dividend yield

   —       —          —     

ESPP:

                
     Year Ended March 31,  
     2016   2015     2014  

Expected term (years)

   0.5     —          —     

Expected volatility

   35 - 54%     —          —     

Risk-free interest rate

   0.25 - 0.42%     —          —     

Dividend yield

   —       —          —     
Schedule of Cost of Revenue, Research and Development, Sales and Marketing and General and Administrative Expenses

Cost of revenue, research and development, sales and marketing, and general and administrative expenses were as follows (in thousands):

 

     Year Ended March 31,  
     2016      2015      2014  

Cost of revenue

   $ 1,238       $ 591       $ 159   

Research and development

     6,659         2,055         1,425   

Sales and marketing

     9,258         5,108         1,373   

General and administrative

     6,113         3,912         3,263   
  

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 23,268       $ 11,666       $ 6,220