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Stock-based Awards (Tables)
12 Months Ended
Dec. 31, 2014
Stock based Awards  
Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

Weighted-

 

 

 

 

 

 

 

 

Average

 

Average

 

Aggregate

 

 

 

Number of

 

Exercise

 

Remaining

 

Intrinsic

 

 

    

Options

    

Price

    

Contract Life

    

Value (1)

 

 

 

 

 

 

 

 

(in years)

 

(in millions)

 

Outstanding at December 31, 2013

 

18,363,144 

 

$

4.89 

 

7.17 

 

 

 

 

Granted

 

11,076,585 

 

 

15.99 

 

 

 

 

 

 

Exercised

 

(2,751,389)

 

 

2.15 

 

 

 

 

 

 

Canceled/forfeited

 

(1,098,464)

 

 

9.66 

 

 

 

 

 

 

Outstanding at December 31, 2014

 

25,589,876 

 

$

9.79 

 

7.55 

 

$

365.0 

 

Vested and expected to vest at December 31, 2014

 

24,572,090 

 

$

9.73 

 

7.49 

 

$

353.0 

 

Exercisable at December 31, 2014

 

18,291,866 

 

$

9.12 

 

6.97 

 

$

281.5 

 

 


The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the closing price of the Company's common stock of $22.90 on December 31, 2014.

Schedule of activity in connection with restricted stock

 

 

 

 

 

 

 

 

    

 

    

Weighted-

 

 

 

 

 

Average

 

 

 

Number of

 

Grant Date

 

 

 

Shares

 

Fair Value

 

Non-vested — December 31, 2013

 

55,555 

 

$

3.56 

 

Granted

 

 

 

 

Vested

 

(55,555)

 

 

3.56 

 

Canceled/forfeited

 

 

 

 

Non-vested — December 31, 2014

 

 

$

 

 

Schedule of activity in connection with the restricted stock units

 

 

 

 

 

 

 

 

    

 

    

Weighted-

 

 

 

 

 

Average

 

 

 

Number of

 

Grant Date

 

 

 

Shares

 

Fair Value

 

Non-vested — December 31, 2013

 

 

$

 

Granted

 

905,767 

 

 

12.35 

 

Vested

 

(12,263)

 

 

21.97 

 

Canceled/forfeited

 

(65,507)

 

 

10.44 

 

Non-vested — December 31, 2014

 

827,997 

 

$

12.36 

 

 

Schedule of fair value of awards granted to employees using the Black Scholes option pricing model

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31,

 

 

    

2014

    

2013

    

2012

 

Risk-free interest rate

 

1.93 

%

 

1.41 

%

 

0.96 

%

 

Expected term (years)

 

6.24 

 

 

6.06 

 

 

6.00 

 

 

Expected volatility

 

58 

%

 

61 

%

 

60 

%

 

Dividend yield

 

 —

 

 

 

 

 —

 

 

 

Schedule of stock-based compensation cost relating to stock options and restricted stock awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

 

December 31,

 

 

 

 

2014

 

2013

 

2012

 

Cost of revenue

 

    

$

454 

    

$

141 

    

$

122 

 

Sales and marketing

 

 

 

4,743 

 

 

2,561 

 

 

1,571 

 

Technology and development

 

 

 

5,013 

 

 

1,762 

 

 

1,428 

 

General and administrative

 

 

 

19,123 

 

 

4,882 

 

 

7,199 

 

Total stock-based compensation expense

 

 

 

29,333 

 

 

9,346 

 

 

10,320 

 

Amount capitalized to internal software use

 

 

 

1,249 

 

 

540 

 

 

214 

 

Total stock-based compensation cost

 

 

$

30,582 

 

$

9,886 

 

$

10,534