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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Stock-Based Compensation Expense Related to Grants of Employee and Consultant Stock Options, Restricted Stock and Restricted Stock Units (ZSUs)

We recorded stock-based compensation 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Cost of revenue

 

$

371

 

 

$

1,127

 

 

$

990

 

 

$

1,776

 

Research and development

 

 

10,483

 

 

 

20,213

 

 

 

22,196

 

 

 

44,416

 

Sales and marketing

 

 

1,751

 

 

 

2,206

 

 

 

3,538

 

 

 

4,197

 

General and administrative

 

 

3,627

 

 

 

3,353

 

 

 

7,034

 

 

 

6,118

 

Total stock-based compensation expense

 

$

16,232

 

 

$

26,899

 

 

$

33,758

 

 

$

56,507

 

 

Schedule of Share Based Compensation Stock Option Activity

The following table shows stock option activity for the six months ended June 30, 2017 (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, 2016

 

 

36,858

 

 

$

2.08

 

 

$

26,411

 

 

 

6.81

 

Granted

 

 

848

 

 

 

3.62

 

 

 

 

 

 

 

 

 

Forfeited and cancelled

 

 

(2,514

)

 

 

3.58

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1,633

)

 

 

0.91

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2017

 

 

33,559

 

 

$

2.06

 

 

$

54,062

 

 

 

6.67

 

 

Schedule of Share Based Compensation Restricted Stock Units Award Activity

The following table shows a summary of ZSU activity for the six months ended June 30, 2017 (in thousands, except weighted-average grant date fair value):

 

 

 

Outstanding ZSUs

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

Average Grant Date

 

 

Aggregate

 

 

 

 

 

 

 

Fair Value

 

 

Intrinsic Value of

 

 

 

Shares

 

 

(per share)

 

 

Unvested ZSUs

 

Unvested as of December 31, 2016

 

 

59,452

 

 

$

2.66

 

 

$

152,792

 

Granted

 

 

15,177

 

 

 

3.34

 

 

 

 

 

Vested

 

 

(12,430

)

 

 

2.85

 

 

 

 

 

Forfeited and cancelled

 

 

(10,919

)

 

 

2.51

 

 

 

 

 

Unvested as of June 30, 2017

 

 

51,280

 

 

$

2.85

 

 

$

186,659

 

 

Schedule of Accumulated Other Comprehensive Income Loss

The following table shows a summary of changes in accumulated other comprehensive income by component for the six months ended June 30, 2017 (in thousands):

 

 

 

Foreign Currency Translation

 

 

Unrealized Gains (Losses) on

Available-for-Sale

Securities

 

 

Total

 

Balance as of December 31, 2016

 

$

(128,671

)

 

$

(23

)

 

$

(128,694

)

Other comprehensive income (loss) before

   reclassifications

 

 

16,989

 

 

 

19

 

 

 

17,008

 

Amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

 

 

 

 

 

 

 

Net current-period other comprehensive income (loss)

 

 

16,989

 

 

 

19

 

 

 

17,008

 

Balance as of June 30, 2017

 

$

(111,682

)

 

$

(4

)

 

$

(111,686

)