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Stockholders' Equity and Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Options

 

$

994

 

 

$

1,012

 

 

$

3,130

 

 

$

2,285

 

Vesting of restricted stock awards

 

 

 

 

 

 

 

 

 

 

 

61

 

Restricted stock units

 

 

1,273

 

 

 

 

 

 

2,948

 

 

 

 

Employee stock purchase plan

 

 

537

 

 

 

 

 

 

1,623

 

 

 

 

Employee sale of securities to investors

 

 

 

 

 

 

 

 

 

 

 

5,353

 

Total stock-based compensation

 

$

2,804

 

 

$

1,012

 

 

$

7,701

 

 

$

7,699

 

 

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

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Subscription and support cost of revenue

 

$

129

 

 

$

49

 

 

$

360

 

 

$

106

 

Professional services and other cost of revenue

 

 

127

 

 

 

45

 

 

 

362

 

 

 

103

 

Sales and marketing

 

 

775

 

 

 

346

 

 

 

2,219

 

 

 

768

 

Research and development

 

 

1,022

 

 

 

344

 

 

 

2,742

 

 

 

871

 

General and administrative

 

 

751

 

 

 

228

 

 

 

2,018

 

 

 

5,851

 

Total stock-based compensation

 

$

2,804

 

 

$

1,012

 

 

$

7,701

 

 

$

7,699

 

 

Summary of Stock Option Activity

A summary of information related to stock option activity during the nine months ended September 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

 

 

(632

)

 

 

3.73

 

 

 

 

 

 

 

 

 

Forfeited or cancelled

 

 

(440

)

 

 

11.24

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2016

 

 

3,261

 

 

 

7.02

 

 

 

7.7

 

 

 

59,868

 

Vested and expected to vest—September 30, 2016

 

 

3,147

 

 

 

6.85

 

 

 

7.6

 

 

 

58,291

 

Exercisable at September 30, 2016

 

 

1,747

 

 

 

4.51

 

 

 

7.0

 

 

 

36,451

 

 

Summary of Restricted Stock Units Activity

A summary of information related to RSU activity during the nine months ended September 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

 

 

1,024

 

 

 

17.14

 

Vested

 

 

(118

)

 

 

16.27

 

Cancelled

 

 

(102

)

 

 

17.46

 

Unvested and outstanding at September 30, 2016

 

 

1,000

 

 

 

17.46