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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Company's Stock Option and Restricted Stock Unit Activity
Stock Options, RSUs and PRSUs
The following table summarizes the Company’s stock option, RSU and PRSU activities during the year ended December 31, 2016 (in thousands, except per share amounts):
 
 
 
Stock Options
Outstanding
 
Restricted Stock Units *
Outstanding
 
Shares
Available
for Grant
 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Number
of
Units
 
Weighted
Average
Grant Date
Fair Value
Balance at December 31, 2015
6,150

 
5,674

 
$
6.56

 
2,182

 
$
6.99

Authorized
2,000

 

 

 

 

Granted
(6,201
)
 
946

 
3.19

 
3,503

 
3.78

Options exercised

 
(150
)
 
4.77

 

 

Shares released

 

 

 
(1,480
)
 
6.57

Forfeited or canceled
1,963

 
(1,451
)
 
6.46

 
(341
)
 
5.56

Balance at December 31, 2016
3,912

 
5,019

 
$
6.01

 
3,864

 
$
4.26

* The preceding table includes PRSUs activities during the year ended December 31, 2016.
Summary of Stock Options Outstanding
The following table summarizes information about stock options outstanding as of December 31, 2016 (in thousands, except per share amounts and term):
 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Vested and expected to vest
4,839

 
$
6.05

 
3.8
 
$
1,930

Exercisable
3,240

 
6.61

 
3.0
 
388

Summary of Restricted Stock Units Outstanding
The following table summarizes information about RSUs and PRSUs outstanding as of December 31, 2016 (in thousands, except term):
 
Number of
Shares
Underlying
Restricted
Stock Units
 
Weighted
Average
Remaining
Vesting Period
(Years)
 
Aggregate
Fair
Value
Vested and expected to vest
3,606

 
0.6
 
$
18,031

Schedule of Defined Benefit Plans Disclosures
The table below shows the present value of the Company’s pension obligations as of December 31, 2016 and changes to the Company’s pension obligations (in thousands):
 
December 31, 2016
Projected benefit obligation:
 
  Acquired from TVN acquisition
$
5,907

  Service cost
217

  Interest cost
87

  Actuarial losses
279

  Curtailment
(1,955
)
  Foreign currency translation adjustment
(271
)
As of December 31, 2016
$
4,264

 
 
Presented on the Consolidated Balance Sheets under:
 
Current portion (presented under “Accrued and other current liabilities”)
$
27

Long-term portion (presented under “Other non-current liabilities”)
$
4,237

Schedule of Pension Obligations Assumptions Used
The following assumptions were used in determining the Company’s pension obligation:
 
December 31, 2016
 Discount rate
1.5
%
 Mobility rate
3.0
%
 Salary progression rate
2.0
%

Schedule of Expected Benefit Payments
Future benefits expected to be paid in each of the next five years, and in the aggregate for the five year period thereafter are as follows (in thousands):
Years ending December 31,
 
2017
$
29

2018
29

2019
46

2020

2021
66

2022 - 2026
2,015

 
$
2,185

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table summarizes stock-based compensation expense for all plans (in thousands):
 
Year ended December 31,
 
2016
 
2015
 
2014
Stock-based compensation in:
 
 
 
 
 
   Cost of revenue
$
1,554

 
$
1,862

 
$
2,359

   Research and development expense
3,711

 
4,435

 
4,844

   Selling, general and administrative expense
7,795

 
9,285

 
10,084

      Total stock-based compensation in operating expense
11,506

 
13,720

 
14,928

Total stock-based compensation recognized in net loss
$
13,060

 
$
15,582

 
$
17,287

Valuation Assumptions for Stock Options
The Company estimates the fair value of employee stock options and stock purchase rights under the ESPP using a Black-Scholes option valuation model. The value of the stock purchase rights under the ESPP consists of: (1) the 15% discount on the purchase of the stock; (2) 85% of the fair value of the call option; and (3) 15% of the fair value of the put option. The call option and put option were valued using the Black-Scholes option pricing model. At the date of grant, the Company estimated the fair value of each stock option grant and stock purchase right granted under the ESPP using the following weighted average assumptions:
 
Employee Stock Options
 
ESPP
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Expected term (in years)
4.30

 
4.65

 
4.70

 
0.50

 
0.50

 
0.50

Volatility
36
%
 
38
%
 
40
%
 
70
%
 
34
%
 
32
%
Risk-free interest rate
1.4
%
 
1.5
%
 
1.7
%
 
0.6
%
 
0.3
%
 
0.1
%
Expected dividends
0.0
%
 
0.0
%
 
0.0
%
 
0.0
%
 
0.0
%
 
0.0
%