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Stockholders' Equity and Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock-Based Compensation Expense by Award Type

stock-based compensation expense by award type

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Options

 

$

937

 

 

$

743

 

 

$

2,136

 

 

$

1,273

 

Vesting of restricted stock awards

 

 

 

 

 

15

 

 

 

 

 

 

61

 

Restricted stock units

 

 

1,194

 

 

 

 

 

 

1,675

 

 

 

 

Employee stock purchase plan

 

 

531

 

 

 

 

 

 

1,086

 

 

 

 

Employee sale of securities to investors

 

 

 

 

 

 

 

 

 

 

 

5,353

 

Total stock-based compensation

 

$

2,662

 

 

$

758

 

 

$

4,897

 

 

$

6,687

 

 

Summary of Stock-Based Compensation Expense Recorded in Consolidated Statement of Operations

the stock-based compensation expense was recorded in our consolidated statements of operations (in thousands)

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Subscription and support cost of revenue

 

$

137

 

 

$

33

 

 

$

231

 

 

$

57

 

Professional services and other cost of revenue

 

 

136

 

 

 

34

 

 

 

235

 

 

 

58

 

Sales and marketing

 

 

789

 

 

 

241

 

 

 

1,444

 

 

 

422

 

Research and development

 

 

935

 

 

 

287

 

 

 

1,720

 

 

 

527

 

General and administrative

 

 

665

 

 

 

163

 

 

 

1,267

 

 

 

5,623

 

Total stock-based compensation

 

$

2,662

 

 

$

758

 

 

$

4,897

 

 

$

6,687

 

 

Summary of Stock Option Activity

A summary of information related to stock option activity during the six months ended June 30, 2016 is as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

Average

 

 

 

 

 

 

 

Shares

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Underlying

 

 

Exercise

 

 

Life

 

 

Intrinsic

 

 

 

Options

 

 

Price

 

 

(in years)

 

 

Value

 

Outstanding at December 31, 2015

 

 

4,101

 

 

$

6.58

 

 

 

8.3

 

 

$

58,417

 

Granted

 

 

232

 

 

 

13.79

 

 

 

 

 

 

 

 

 

Exercised

 

 

(424

)

 

 

2.77

 

 

 

 

 

 

 

 

 

Forfeited or cancelled

 

 

(353

)

 

 

11.96

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2016

 

 

3,556

 

 

 

6.97

 

 

 

7.9

 

 

 

42,801

 

Vested and expected to vest—June 30, 2016

 

 

3,397

 

 

 

6.76

 

 

 

7.9

 

 

 

41,572

 

Exercisable at June 30, 2016

 

 

1,710

 

 

 

4.10

 

 

 

7.2

 

 

 

25,484

 

 

Summary of Restricted Stock Units Activity

A summary of information related to RSU activity during the six months ended June 30, 2016 is as follows (in thousands, except per share amounts):

 

 

RSUs Outstanding

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Grant Date Fair

 

 

 

Shares

 

 

Value Per Share

 

Unvested and outstanding at December 31, 2015

 

 

196

 

 

$

18.42

 

Granted

 

 

880

 

 

 

16.37

 

Vested

 

 

(73

)

 

 

16.41

 

Cancelled

 

 

(51

)

 

 

17.61

 

Unvested and outstanding at June 30, 2016

 

 

952

 

 

 

16.74