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

Stock option activity during the nine months ended September 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

 

 

(1,877

)

 

 

4.79

 

 

 

 

 

 

 

 

 

Options forfeited or canceled

 

 

(684

)

 

 

13.85

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2017

 

 

8,933

 

 

$

10.29

 

 

 

6.55

 

 

$

73,081

 

Vested and expected to vest at September 30, 2017

 

 

8,826

 

 

$

10.24

 

 

 

6.50

 

 

$

72,672

 

Exercisable at September 30, 2017

 

 

6,051

 

 

$

8.47

 

 

 

5.66

 

 

$

60,489

 

 

Summary of RSU Activity Under 2016 Plan

RSU activity under the 2016 Plan during the nine months ended September 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

 

 

1,397

 

 

 

14.39

 

Vested

 

 

 

 

 

 

Forfeited or canceled

 

 

(148

)

 

 

15.55

 

Non-Vested outstanding at September 30, 2017

 

 

1,877

 

 

$

14.98

 

 

 

 

 

 

 

 

 

 

 

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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Cost of revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscription

 

$

330

 

 

$

232

 

 

 

927

 

 

$

564

 

Professional services

 

 

294

 

 

 

190

 

 

 

842

 

 

 

557

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

1,179

 

 

 

698

 

 

 

3,332

 

 

 

1,965

 

Sales and marketing

 

 

1,239

 

 

 

735

 

 

 

3,316

 

 

 

2,176

 

General and administrative

 

 

1,315

 

 

 

632

 

 

 

3,250

 

 

 

1,640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total stock-based compensation

 

$

4,357

 

 

$

2,487

 

 

$

11,667

 

 

$

6,902