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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2017
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class
The following table presents the number of shares authorized and issued and outstanding as of the dates indicated:
 
December 31, 2017
 
December 31, 2016
 
Shares
Authorized
 
Shares
Issued and
Outstanding
 
Shares
Authorized
 
Shares
Issued and
Outstanding
Stockholders’ equity:
 
 
 
 
 
 
 
Common stock, $0.000001 par value
200,000,000

 
83,724,916

 
200,000,000

 
79,429,833

Undesignated Preferred Stock
10,000,000

 

 
10,000,000

 

Schedule of Shares of Class A and Class B Common Stock Reserved for Future Issuance
As of December 31, 2017, the Company had reserved shares of common stock for future issuances in connection with the following:
 
Number of Shares
Options outstanding
7,078,932

Restricted stock units and awards outstanding
7,249,205

Available for future stock option and restricted stock units and awards grants
4,845,772

Available for future ESPP offerings
2,518,929

Total reserved for future issuance
21,692,838

Schedule of Stock Option Activity
A summary of stock option activity for the year ended December 31, 2017 is as follows:
 
Options Outstanding
 
 
 
 
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term (in
years)
 
Aggregate
Intrinsic
Value (in
thousands)
Outstanding-December 31, 2016
8,018,941

 
$
21.71

 
6.10 years
 
$
147,673

Granted
920,850

 
34.60

 
 
 
 
Exercised
(1,519,771
)
 
19.74

 
 
 
 
Canceled
(341,088
)
 
44.78

 
 
 
 
Outstanding-December 31, 2017
7,078,932

 
$
22.70

 
5.56 years
 
$
145,613

Options vested and exercisable as of December 31, 2017
5,774,043

 
$
20.55

 
4.87 years
 
$
131,625

Summary of RSUs and RSAs Activity
A summary of RSU activity for the year ended December 31, 2017 is as follows:
 
Restricted Stock Units
 
Number of
Shares
 
Weighted-
Average Grant
Date Fair Value
Unvested December 31, 2016
7,090,465

 
$
32.43

Granted
4,647,404

 
37.22

Released (1)
(2,761,821
)
 
34.06

Canceled
(1,726,843
)
 
33.75

Unvested December 31, 2017
7,249,205

 
$
34.57


(1) Included in this balance is 58,983 shares vested but not issued due to net share settlement for payment of employee taxes
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The Company uses the straight-line method for expense attribution. For the years ended December 31, 2017, 2016 and 2015, the weighted-average assumptions are as follows:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Dividend yield

 

 

Annual risk-free rate
2.14
%
 
1.53
%
 
1.78
%
Expected volatility
44.00
%
 
44.00
%
 
49.27
%
Expected term (years)
5.90

 
5.84

 
6.11

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table summarizes the effects of stock-based compensation expense related to stock-based awards in the consolidated statements of operations during the periods presented (in thousands):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Cost of revenue
$
4,010

 
$
2,446

 
$
1,117

Sales and marketing
28,100

 
27,098

 
21,962

Product development
47,280

 
36,323

 
23,431

General and administrative
21,025

 
20,394

 
14,332

Total stock-based compensation in income (loss) before incomes taxes
100,415

 
86,261

 
60,842

Benefit from income taxes
(1,407
)
 
(643
)
 
(402
)
Total stock-based compensation in income (loss)
$
99,008

 
$
85,618

 
$
60,440