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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 53,019 $ 55,580
Short-term investments 54,633 48,972
Accounts receivable — net of allowance for doubtful accounts of $409 and $371 at March 31, 2016 and December 31, 2015, respectively 25,072 25,142
Deferred commission expense 8,453 8,114
Prepaid hosting costs 2,531 3,047
Prepaid expenses and other current assets 8,030 4,899
Total current assets 151,738 145,754
Long-term investments 35,113 40,566
Property and equipment, net 26,897 18,161
Capitalized software development costs, net 5,086 4,655
Restricted cash 381 363
Other assets 928 1,007
Intangible assets, net 76 100
Goodwill 9,773 9,773
Total assets 229,992 220,379
Current liabilities:    
Accounts payable 2,674 2,588
Accrued compensation costs 8,920 11,371
Other accrued expenses 14,993 12,313
Capital lease obligations 649 542
Deferred rent 174 86
Deferred revenue 73,262 64,407
Total current liabilities 100,672 91,307
Capital lease obligations, net of current portion 285 277
Deferred rent, net of current portion 7,378 6,345
Deferred revenue, net of current portion 692 732
Other long-term liabilities 13 10
Total liabilities $ 109,040 $ 98,671
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Common stock $ 35 $ 34
Additional paid-in capital 331,730 322,833
Accumulated other comprehensive loss (305) (805)
Accumulated deficit (210,508) (200,354)
Total stockholders’ equity 120,952 121,708
Total liabilities and stockholders’ equity $ 229,992 $ 220,379