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Common Stock, Preferred Stock and Equity Plans (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of stock and stock equity plans
The following table contains information about the Company’s equity plans:
 
 
 
 
 
 
As of December 31, 2015
Title of Plan
 
Group Eligible
 
Type of Award
Granted
 
Awards
Outstanding
 
Additional Awards
Authorized for
Grant
2013 Stock and Option Plan
 
Employees, Non-employee Directors and Consultants
 
NSO,
RS and RSU
 
5,851,040

 
14,124,989

2006 Stock and Option Plan
 
Employees, Non-employee Directors and Consultants
 
NSO,
RS and RSU
 
8,274,211

 

1996 Stock and Option Plan
 
Employees, Non-employee Directors, Advisors and Consultants
 
NSO
 
43,664

 

 
 
 
 
Total
 
14,168,915

 
14,124,989

Outstanding and vested options
The following table summarizes information related to the outstanding and exercisable options during the year ended December 31, 2015:
 
Stock Options
 
Weighted-average
Exercise Price
 
Weighted-average
Remaining
Contractual Life
 
Aggregate Intrinsic
Value
 
(in thousands)
 
(per share)
 
(in years)
 
(in thousands)
Outstanding at December 31, 2014
12,003

 
$
56.81

 
 
 
 
Granted
3,531

 
$
119.09

 
 
 
 
Exercised
(3,289
)
 
$
50.34

 
 
 
 
Forfeited
(1,100
)
 
$
81.77

 
 
 
 
Outstanding at December 31, 2015
11,145

 
$
75.99

 
7.15
 
$
567,531

Exercisable at December 31, 2015
5,541

 
$
56.85

 
5.80
 
$
385,214

Exercisable and Expected to Vest at December 31, 2015
10,461

 
$
74.11

 
7.04
 
$
551,593

Stock options outstanding and exercisable
The following table summarizes information about stock options outstanding and exercisable at December 31, 2015:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number
Outstanding
 
Weighted-average
Remaining
Contractual Life
 
Weighted-average
Exercise Price
 
Number
Exercisable
 
Weighted-average
Exercise Price
 
 
(in thousands)
 
(in years)
 
(per share)
 
(in thousands)
 
(per share)
$18.93–$20.00
 
138

 
2.10
 
$
18.93

 
138

 
$
18.93

$20.01–$40.00
 
2,247

 
3.70
 
$
34.38

 
2,155

 
$
34.24

$40.01–$60.00
 
2,310

 
6.61
 
$
48.09

 
1,444

 
$
49.03

$60.01–$80.00
 
1,434

 
8.09
 
$
75.96

 
557

 
$
75.15

$80.01–$100.00
 
1,785

 
7.99
 
$
90.28

 
702

 
$
87.55

$100.01–$120.00
 
1,727

 
9.05
 
$
109.31

 
294

 
$
109.23

$120.01–$134.69
 
1,504

 
9.53
 
$
131.04

 
251

 
$
128.90

Total
 
11,145

 
7.15
 
$
75.99

 
5,541

 
$
56.85

Restricted stock and restricted stock units activity
The following table summarizes the restricted stock and restricted stock units activity of the Company during the year ended December 31, 2015:
 
Restricted Stock
 
Restricted Stock Units
 
Number of Units
 
Weighted-average
Grant-date
Fair Value
 
Number of Shares
 
Weighted-average
Grant-date
Fair Value
 
(in thousands)
 
(per share)
 
(in thousands)
 
(per share)
Unvested at December 31, 2014
2,907

 
$
78.18

 
185

 
$
76.79

Granted
1,407

 
$
116.63

 
97

 
$
118.26

Vested
(1,033
)
 
$
68.39

 
(66
)
 
$
70.24

Cancelled
(450
)
 
$
91.21

 
(23
)
 
$
89.97

Unvested at December 31, 2015
2,831

 
$
98.80

 
193

 
$
98.36

Shares issued under Employee Stock Purchase Plan
In 2015, the following shares were issued to employees under the ESPP:
 
Year Ended December 31, 2015
 
(in thousands,
except per share amount)
Number of shares
233

Average price paid per share
$
84.50