Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Loss Before Provision for Income Taxes

The Company’s geographical breakdown of its loss before provision for income taxes is as follows (in thousands):

	Years Ended December 31,
	2014			2013			2012
Domestic	$	(55,330	)	$	(28,831	)	$	(9,373	)
Foreign		(2,665	)		3,277			2,026
Loss before provision for taxes	$	(57,995	)	$	(25,554	)	$	(7,347	)

Provision for Income Taxes

The components of the provision for income taxes are as follows (in thousands):

	Years Ended December 31,
	2014			2013			2012
Current
Federal	$	—		$	—		$	51
State		66			127			47
Foreign		1,523			700			889
Total current provision		1,589			827			987
Deferred
Federal		109			—			(386	)
State		6			—			(49	)
Foreign		(523	)		(50	)		(7	)
Total deferred provision		(408	)		(50	)		(442	)
Total	$	1,181		$	777		$	545

Reconciliation of Provision for Income Taxes at Statutory Rate

Reconciliation of the provision for income taxes at the statutory rate to the Company’s provision for income tax is as follows (in thousands):

	Years Ended December 31,
	2014			2013			2012
Tax benefit at federal statutory tax rate	$	(19,718	)	$	(8,688	)	$	(2,497	)
Tax benefit at state statutory tax rate		(1,169	)		(829	)		(282	)
Tax benefit resulting from “Beneficiary Enterprise”		—			—			(95	)
Foreign tax rate differential		(526	)		(705	)		(232	)
Foreign repatriation		—			—			179
Unbenefited loss of consolidated investment		2,366			2,402			1,193
Change in valuation allowance		12,407			7,400			1,373
Meals and entertainment		34			197			162
Stock-based compensation		7,160			810			497
Nondeductible expenses and other		627			190			247
Provision for income taxes	$	1,181		$	777		$	545

Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets are as follows (in thousands):

	As of December 31,
	2014			2013
Deferred tax assets:
Reserves and accruals	$	1,387		$	1,345
Deferred revenue		8,429			4,297
Stock-based compensation		5,776			7,042
Net operating loss carryforwards		25,519			20,361
Loss on OCI		380			—
Other		41			194
Gross deferred tax assets		41,532			33,239
Valuation allowance		(40,488	)		(32,656	)
Total deferred tax assets		1,044			583
Deferred tax liabilities:
Stock-based compensation		(53	)		(166	)
Depreciation and amortization		(1,757	)		(31	)
Gain on OCI		—			(3	)
Total deferred tax liabilities		(1,810	)		(200	)
Net deferred tax assets	$	(766	)	$	383

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

	2014			2013			2012
Balance at January 1	$	353		$	239		$	267
Additions based on tax positions taken during the current period		222			134			141
Reductions based on tax positions taken during the prior period		(47	)		(20	)		(169	)
Additions based on tax positions taken during a prior period		144			—			—
Balance at December 31	$	672		$	353		$	239