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Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

Stock option activity during the six months ended June 30, 2017 was as follows (in thousands, except per share and contractual life data):

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Total

 

 

 

Options

 

 

Exercise Price

 

 

Contractual

 

 

Intrinsic

 

 

 

Outstanding

 

 

per Share

 

 

Life (years)

 

 

Value

 

Outstanding at December 31, 2016

 

 

11,203

 

 

$

9.49

 

 

 

 

 

 

 

 

 

Options granted

 

 

291

 

 

 

14.08

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(1,402

)

 

 

3.95

 

 

 

 

 

 

 

 

 

Options forfeited or canceled

 

 

(616

)

 

 

13.86

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2017

 

 

9,476

 

 

$

10.16

 

 

 

6.72

 

 

$

68,169

 

Vested and expected to vest at June 30, 2017

 

 

9,393

 

 

$

10.12

 

 

 

6.66

 

 

$

67,963

 

Exercisable at June 30, 2017

 

 

6,061

 

 

$

8.01

 

 

 

5.64

 

 

$

56,624

 

 

Summary of RSU Activity Under 2016 Plan

RSU activity under the 2016 Plan during the six months ended June 30, 2017 was as follows (in thousands, except per share data):

 

 

 

 

 

 

Weighted-Average

 

 

 

RSUs

 

 

Grant Date Fair Value

 

 

 

Outstanding

 

 

per Share

 

Non-Vested outstanding at December 31, 2016

 

 

628

 

 

$

16.43

 

Granted

 

 

1,237

 

 

 

14.04

 

Vested

 

 

 

 

 

 

Forfeited or canceled

 

 

(95

)

 

 

15.61

 

Non-Vested outstanding at June 30, 2017

 

 

1,770

 

 

$

14.80

 

 

 

 

 

 

 

 

 

 

 

Summary of Stock Based Compensation Expenses

Stock-based compensation expense recognized in the Company’s statement of comprehensive loss was as follows (in thousands):

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Cost of revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscription

 

$

240

 

 

$

191

 

 

 

597

 

 

$

332

 

Professional services

 

 

230

 

 

 

213

 

 

 

548

 

 

 

367

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

1,112

 

 

 

714

 

 

 

2,153

 

 

 

1,267

 

Sales and marketing

 

 

1,077

 

 

 

806

 

 

 

2,077

 

 

 

1,441

 

General and administrative

 

 

1,026

 

 

 

586

 

 

 

1,935

 

 

 

1,008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total stock-based compensation

 

$

3,685

 

 

$

2,510

 

 

$

7,310

 

 

$

4,415