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Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

Stock option activity during the six months ended June 30, 2018 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, 2017

 

 

7,490

 

 

$

10.76

 

 

 

 

 

 

 

 

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(1,747

)

 

 

7.98

 

 

 

 

 

 

 

 

 

Options forfeited or canceled

 

 

(224

)

 

 

15.36

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2018

 

 

5,519

 

 

$

11.46

 

 

 

6.33

 

 

$

136,542

 

Vested and expected to vest at June 30, 2018

 

 

5,390

 

 

$

11.38

 

 

 

6.29

 

 

$

133,804

 

Exercisable at June 30, 2018

 

 

3,804

 

 

$

9.90

 

 

 

5.63

 

 

$

100,037

 

 

Summary of RSU Activity Under 2016 Plan

RSU activity under the 2016 Plan during the six months ended June 30, 2018 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, 2017

 

 

2,030

 

 

$

16.15

 

Granted

 

 

1,124

 

 

 

31.37

 

Vested

 

 

(400

)

 

 

14.84

 

Forfeited or canceled

 

 

(187

)

 

 

18.42

 

Non-Vested outstanding at June 30, 2018

 

 

2,567

 

 

$

22.85

 

 

 

 

 

 

 

 

 

 

 

Summary of Stock Based Compensation Expenses

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

 

 

 

 

 

 

 

 

 

Three Months Ended  June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Cost of revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscription

 

$

289

 

 

$

240

 

 

$

608

 

 

$

597

 

Professional services

 

 

479

 

 

 

230

 

 

 

807

 

 

 

548

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

1,399

 

 

 

1,112

 

 

 

2,792

 

 

 

2,153

 

Sales and marketing

 

 

1,706

 

 

 

1,077

 

 

 

3,136

 

 

 

2,077

 

General and administrative

 

 

1,706

 

 

 

1,026

 

 

 

3,188

 

 

 

1,935

 

Total stock-based compensation

 

$

5,579

 

 

$

3,685

 

 

$

10,531

 

 

$

7,310