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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Stock-Based Expense Related to Grants of Employee and Consultant Stock Options, Restricted Stock and Restricted Stock Units (ZSUs)

We recorded stock-based expense related to grants of employee and consultant stock options, restricted stock and restricted stock units (“ZSUs”) in our consolidated statements of operations as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Cost of revenue

 

$

1,049

 

 

$

991

 

 

$

2,825

 

 

$

2,835

 

Research and development

 

 

18,662

 

 

 

22,308

 

 

 

63,078

 

 

 

70,485

 

Sales and marketing

 

 

1,541

 

 

 

2,045

 

 

 

5,738

 

 

 

5,181

 

General and administrative

 

 

3,223

 

 

 

5,092

 

 

 

9,341

 

 

 

21,302

 

Total stock-based expense

 

$

24,475

 

 

$

30,436

 

 

$

80,982

 

 

$

99,803

 

 

Schedule of Share Based Compensation Stock Option Activity

The following table shows stock option activity for the nine months ended September 30, 2016 (in thousands, except weighted-average exercise price and weighted-average contractual term):

 

 

 

Outstanding Options

 

 

 

 

 

 

 

Weighted-

 

 

Aggregate

 

 

Weighted-

 

 

 

 

 

 

 

Average

 

 

Intrinsic Value of

 

 

Average

 

 

 

 

 

 

 

Exercise

 

 

Stock Options

 

 

Contractual Term

 

 

 

Stock Options

 

 

Price

 

 

Outstanding

 

 

(in years)

 

Balance as of December 31, 2015

 

 

23,215

 

 

$

1.93

 

 

$

35,949

 

 

 

5.36

 

Granted

 

 

15,000

 

 

 

2.54

 

 

 

 

 

 

 

 

 

Forfeited and cancelled

 

 

(2,857

)

 

 

3.01

 

 

 

 

 

 

 

 

 

Exercised

 

 

(3,693

)

 

 

0.27

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2016

 

 

31,665

 

 

$

2.32

 

 

$

34,718

 

 

 

6.58

 

 

Schedule of Share Based Compensation Restricted Stock Units Award Activity

The following table shows a summary of ZSU activity for the nine months ended September 30, 2016 (in thousands, except weighted-average grant date fair value):

 

 

 

Outstanding ZSUs

 

 

 

 

 

 

 

Weighted-

 

 

Aggregate

 

 

 

 

 

 

 

Average Grant Date

 

 

Intrinsic Value of

 

 

 

Shares

 

 

Fair Value

 

 

Unvested ZSUs

 

Unvested as of December 31, 2015

 

 

62,436

 

 

$

3.06

 

 

$

167,328

 

Granted

 

 

31,596

 

 

 

2.27

 

 

 

 

 

Vested

 

 

(22,386

)

 

 

2.82

 

 

 

 

 

Forfeited and cancelled

 

 

(9,289

)

 

 

2.86

 

 

 

 

 

Unvested as of September 30, 2016

 

 

62,357

 

 

$

2.78

 

 

$

181,459

 

 

Schedule of Accumulated Other Comprehensive Income Loss

The following table shows a summary of changes in accumulated other comprehensive income by component for the three and nine months ended September 30, 2016 (in thousands):

 

 

 

Foreign Currency Translation

 

 

Unrealized Gains (Losses) on

Available-for-Sale

Securities

 

 

Total

 

Balance as of June 30, 2016

 

$

(100,521

)

 

$

3

 

 

$

(100,518

)

Other comprehensive income (loss) before

   reclassifications

 

 

(6,030

)

 

 

(7

)

 

 

(6,037

)

Amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

 

 

 

 

 

 

 

Net current-period other comprehensive income

   (loss)

 

 

(6,030

)

 

 

(7

)

 

 

(6,037

)

Balance as of September 30, 2016

 

$

(106,551

)

 

$

(4

)

 

$

(106,555

)

 

 

 

Foreign Currency Translation

 

 

Unrealized Gains (Losses) on

Available-for-Sale

Securities

 

 

Total

 

Balance as of December 31, 2015

 

$

(52,261

)

 

$

(127

)

 

$

(52,388

)

Other comprehensive income (loss) before

   reclassifications

 

 

(54,290

)

 

 

124

 

 

 

(54,166

)

Amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

 

 

 

(1

)

 

 

(1

)

Net current-period other comprehensive income

   (loss)

 

 

(54,290

)

 

 

123

 

 

 

(54,167

)

Balance as of September 30, 2016

 

$

(106,551

)

 

$

(4

)

 

$

(106,555

)