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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Unvested Shares of Common Stock Activity

The following table summarizes activity of unvested shares of our common stock for the year ended December 31, 2016:

 

 

 

SHARES OUTSTANDING

 

 

 

NUMBER OF

SHARES

 

 

WEIGHTED-

AVERAGE

EXERCISE

PRICE PER

SHARE

 

 

 

(in thousands,

except per share amounts)

 

Outstanding at January 1, 2016

 

 

136

 

 

$

1.76

 

Issued

 

 

59

 

 

 

5.35

 

Vested

 

 

(77

)

 

 

2.15

 

Outstanding at December 31, 2016

 

 

118

 

 

$

3.30

 

 

Summary of Stock Option Activity

The following table summarizes option award activity for the year ended December 31, 2016:

 

 

 

 

 

 

 

WEIGHTED-

 

 

WEIGHTED-

 

 

 

 

 

 

 

NUMBER OF

 

 

AVERAGE

 

 

AVERAGE

 

 

 

 

 

 

 

SHARES

 

 

EXERCISE

 

 

REMAINING

 

 

TOTAL

 

 

 

UNDERLYING

 

 

PRICE PER

 

 

CONTRACTUAL

 

 

INTRINSIC

 

 

 

OPTIONS

 

 

SHARE

 

 

LIFE (YEARS)

 

 

VALUE

 

 

 

(in thousands, except per share amounts)

 

Outstanding at January 1, 2016

 

 

1,896

 

 

$

3.72

 

 

 

7.77

 

 

$

8,666

 

Granted

 

 

707

 

 

 

20.59

 

 

 

 

 

 

 

 

 

Exercised

 

 

(196

)

 

 

3.05

 

 

 

 

 

 

 

 

 

Forfeited or cancelled

 

 

(97

)

 

 

6.28

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

 

2,310

 

 

 

8.84

 

 

 

7.68

 

 

 

61,203

 

Vested and exercisable December 31, 2016

 

 

1,067

 

 

$

2.69

 

 

 

6.15

 

 

$

34,831

 

 

Schedule of Stock Options Valuation Assumptions

In determining the fair value of stock awards granted, the following weighted-average assumptions were used in the Black-Scholes option pricing model for awards granted in the periods indicated:

 

 

EMPLOYEE STOCK

PURCHASE PLAN

 

 

STOCK OPTIONS

 

 

YEAR ENDED

DECEMBER 31,

 

 

YEAR ENDED

DECEMBER 31,

 

 

2016

 

 

2016

 

2015

 

2014

Risk-free interest rates

 

 

0.4%

 

 

1.1% – 1.4%

 

1.2% – 1.6%

 

1.8% – 2.0%

Expected term

 

0.5 years

 

 

4.3 – 6.1 years

 

4.3 – 6.0 years

 

6.0 years

Expected dividends yield

 

None

 

 

None

 

None

 

None

Volatility

 

 

61.8%

 

 

40.8% – 49.5%

 

41.5% – 43.4%

 

43.8% – 46.9%

 

Summary of Stock-Based Compensation Expense

Stock-Based Compensation Expense

The following table presents the detail of stock-based compensation expense amounts included in our consolidated statements of operations for the periods indicated:

 

 

 

YEAR ENDED

DECEMBER 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(in thousands)

 

Cost of revenue

 

$

96

 

 

$

31

 

 

$

49

 

Research and development expense

 

 

983

 

 

 

305

 

 

 

362

 

Sales and marketing expense

 

 

1,289

 

 

 

692

 

 

 

413

 

General and administrative expense

 

 

397

 

 

 

150

 

 

 

313

 

Offering costs

 

 

 

 

 

 

 

 

38

 

Total stock-based compensation expense

 

$

2,765

 

 

$

1,178

 

 

$

1,175