Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

In July 2016, the Company executed an agreement with Google Inc. ("Google"), a subsidiary of Alphabet Inc., to acquire or assume approximately 738,000 square feet of Google's owned or leased properties in Mountain View and Sunnyvale, California in exchange for approximately 474,000 square feet of the Company's owned or leased properties in Mountain View, California and a net cash payment of approximately $180.2 million.  The assets acquired will be recorded based on the fair value of the assets surrendered by the Company.

In July 2016, the Compensation Committee of the Company's Board of Directors approved 442,343 RSUs for grant of Class A common stock under the 2011 Plan. The RSUs granted to newly hired employees generally vest over a four-year period with 25% vesting at the end of one year and the remaining vesting quarterly thereafter. The RSUs granted to existing employees generally vest quarterly over a four-year period.