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Employee Benefit Plans and Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Company's Stock Option and Restricted Stock Unit Activity
 
 
 
Stock Options Outstanding
 
RSUs 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, 2016
3,912

 
5,019

 
$
6.01

 
3,864

 
$
4.26

Authorized

 

 

 

 

Granted
(3,181
)
 
30

 
5.10

 
2,100

 
5.49

Options exercised

 
(81
)
 
3.00

 

 

Shares released

 

 

 
(1,672
)
 
3.93

Forfeited
748

 
(287
)
 
6.41

 
(308
)
 
4.24

Balance at March 31, 2017
1,479

 
4,681

 
$
6.04

 
3,984

 
$
5.05

Summary of Stock Options Outstanding
The following table summarizes information about stock options outstanding as of March 31, 2017 (in thousands, except per share amounts and terms):
 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Vested and expected to vest
4,681

 
$
6.04

 
3.9
 
$
3,200

Exercisable
3,350

 
6.38

 
3.2
 
1,446

Summary of Restricted Stock Units Outstanding
The following table summarizes information about RSUs and PRSUs outstanding as of March 31, 2017 (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
3,573

 
1.1
 
$
21,260

Schedule of Defined Benefit Plans Obligations
The table below shows the components of net periodic benefit costs (in thousands):
 
Three months ended
 
March 31, 2017
 
April 1, 2016
Service cost
$
55

 
$
23

Interest cost
16

 
10

Recognized net actuarial loss
1

 

  Net periodic benefit cost included in operating loss
$
72

 
$
33

Summary of Stock-Based Compensation Expense
Stock-based Compensation
The following table summarizes stock-based compensation expense for all plans (in thousands):
 
Three months ended
 
March 31,
2017
 
April 1,
2016
Stock-based compensation in:
 
 
 
Cost of revenue
$
445

 
$
227

Research and development expense
977

 
969

Selling, general and administrative expense
1,829

 
1,898

Total stock-based compensation in operating expense
2,806

 
2,867

Total stock-based compensation
$
3,251

 
$
3,094

Valuation Assumptions for Stock Options
 
Employee Stock Options
 
Three months ended
 
March 31,
2017
 
April 1,
2016
Expected term (years)
4.30

 
4.30

Volatility
42
%
 
36
%
Risk-free interest rate
1.8
%
 
1.4
%
Expected dividends
0.0
%
 
0.0
%
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
 
ESPP Purchase Period Ending
 
July 3,
2017
 
June 30,
2016
Expected term (years)
0.50

 
0.5

Volatility
63
%
 
52
%
Risk-free interest rate
0.8
%
 
0.5
%
Expected dividends
0.0
%
 
0.0
%
Estimated weighted average fair value per share at purchase date
$1.71
 
$1.17