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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2014
Employee Benefit Plans [Abstract]  
Summary Of Weighted Average Fair Value Of Stock Options Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2013

 

2014

 

2013

 

2014

Stock options granted (in thousands)

 

78 

 

 

723 

 

 

530 

 

 

933 

Weighted average fair value at date of grant

$

11.70 

 

$

17.72 

 

$

11.69 

 

$

19.81 

 

Summary Of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

Aggregate intrinsic

 

 

 

Weighted average

 

contractual term

 

value (dollars in

 

Shares

 

exercise price

 

(years)

 

thousands)

Outstanding at December 31, 2013

2,989 

 

$

11.80 

 

6.55 

 

$

142,377 

Granted

933 

 

 

42.11 

 

 

 

 

 

Exercised

(376)

 

 

10.09 

 

 

 

 

 

Forfeited

(41)

 

 

29.68 

 

 

 

 

 

Outstanding as of June 30, 2014

3,505 

 

$

19.84 

 

7.17 

 

$

101,376 

Vested and expected to vest at June 30, 2014

3,389 

 

$

19.34 

 

7.09 

 

$

99,639 

Exercisable at June 30, 2014

2,006 

 

$

9.48 

 

5.62 

 

$

77,679 

 

Schedule Of Weighted Average Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2013

 

2014

 

2013

 

2014

Expected volatility

51.51% 

 

47.00% 

 

51.60% 

 

47.08% 

Risk-free interest rate

0.80% 

 

1.86% 

 

1.04% 

 

1.87% 

Expected term (in years)

5.34 

 

6.08 

 

5.95 

 

6.07 

Dividend yield

—%

 

—%

 

—%

 

—%

 

Summary Of Restricted Stock Units

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

Grant Date

 

Shares

 

Fair Value

 

(in thousands)

 

 

 

Unvested at December 31, 2013

384 

 

$

24.48 

Granted

330 

 

 

51.05 

Vested

(40)

 

 

23.97 

Forfeitures

(6)

 

 

23.76 

Unvested at June 30, 2014

668 

 

$

37.66 

 

Schedule Of Stock-Based Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2013

 

2014

 

2013

 

2014

Cost of revenue

$

285 

 

$

594 

 

$

398 

 

$

826 

Technology and development

 

192 

 

 

287 

 

 

342 

 

 

495 

Sales and marketing

 

301 

 

 

570 

 

 

486 

 

 

899 

General and administrative

 

1,707 

 

 

2,789 

 

 

2,332 

 

 

4,058 

Total

$

2,485 

 

$

4,240 

 

$

3,558 

 

$

6,278