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Share Based Awards (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure Of Compensation Related Costs Share based Payments [Abstract]  
Schedule of Restricted Stock Unit Activity

 

 

 

 

 

 

 

 

 

Restricted Stock Units

 

 

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

Number of

 

Grant Date

 

 

    

Shares

    

Fair Value

 

Unvested, December 31, 2016

 

10,474,975

 

$

4.45

 

Granted

 

9,669,478

 

 

5.20

 

Vested

 

(4,948,583)

 

 

4.67

 

Forfeitures

 

(1,954,759)

 

 

5.12

 

Unvested, September 30, 2017

 

13,241,111

 

$

4.82

 

 

Schedule of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Options Outstanding

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Number of

 

 

 

 

 

 

Average

 

Aggregate

 

 

 

Shares

 

 

 

Weighted-

 

Remaining

 

Intrinsic

 

 

 

Available

 

Number of

 

Average

Contractual

 

Value

 

 

 

for Issuance

 

Shares

    

Exercise Price

    

Term (Years)

    

(In thousands)

  

Balance—December 31, 2016

 

4,199,415

 

9,835,992

 

$

4.39

 

6.23

 

$

5,734

 

Authorized

 

4,453,425

 

 —

 

 

 

 

 

 

 

 

 

Stock options granted

 

(100,000)

 

100,000

 

 

4.90

 

 

 

 

 

 

Issuance of shares under 2016 Bonus Plans

 

(1,688,077)

 

 —

 

 

 

 

 

 

 

 

 

Shares withheld from net settlement of restricted stock units

 

677,547

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units granted

 

(7,981,401)

 

 —

 

 

 

 

 

 

 

 

 

Exercised

 

 —

 

(1,033,121)

 

 

2.99

 

 

 

 

 

 

Stock options canceled

 

1,006,137

 

(1,006,137)

 

 

6.31

 

 

 

 

 

 

Restricted stock units canceled

 

1,954,759

 

 —

 

 

 

 

 

 

 

 

 

Balance—September 30, 2017

 

2,521,805

 

7,896,734

 

$

4.34

 

4.84

 

$

4,387

 

Vested and exercisable—September 30, 2017

 

 

 

6,593,808

 

$

4.26

 

 

 

$

4,147

 

Vested and expected to vest(1)—September 30, 2017

 

 

 

7,752,157

 

$

4.34

 

 

 

$

4,354

 

 

(1)

Options expected to vest reflect an estimated forfeiture rate.

Schedule of Stock-based Compensation Expense Recognized (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

    

Nine Months Ended

 

 

September 30, 

 

September 30, 

 

    

2017

    

2016

    

2017

    

2016

Cost of revenue

 

$

932

 

$

747

 

$

2,859

 

$

2,192

Research and development

 

 

3,914

 

 

2,709

 

 

11,046

 

 

9,122

Sales and marketing

 

 

2,258

 

 

2,307

 

 

6,612

 

 

8,418

General and administrative

 

 

 1,974

 

 

2,109

 

 

5,732

 

 

6,934

Total

 

$

9,078

 

$

7,872

 

$

26,249

 

$

26,666

 

Schedule of Assumptions Used for Calculating the Fair Value of Employee Option Grants

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

    

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

 

2017

    

2016

 

2017

    

2016

 

Expected dividend yield

 

n/a

 

 

 

 

Risk-free interest rate

 

n/a

 

1.5%

  

2.1%

 

1.4  -1.5%

 

Expected volatility

 

n/a

 

42%

 

41%

  

42%

 

Expected life (in years)

 

n/a

 

6.1

 

6.1

 

6.1

 

 

Schedule of Assumptions Used for Calculating the Fair Value of Employee stock purchase plans

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

    

Nine Months Ended

 

 

September 30, 

 

September 30, 

 

 

2017

    

2016

 

2017

    

2016

Expected dividend yield

 

 

 

 

Risk-free interest rate

 

1.3%

 

0.6%

  

0.9 - 1.3%

 

0.6%

Expected volatility

 

54%

 

34-38%

 

34%  -54%

 

34 - 41%

Expected life (in years)

 

1.3

 

1.3

 

1.3

 

1.3

 

Schedule of Unrecognized Stock-Based Compensation Expense and Its Remaining Weighted-Average Recognition Period

 

 

 

 

 

 

 

 

Unrecognized

 

Remaining

 

 

Stock-based

 

Weighted-Average

 

 

Compensation

 

Recognition

 

 

Expense

 

Period

 

   

(in millions)

   

(in years)

Stock options

 

$

2.1

 

1.8

Restricted stock units

 

 

52.7

 

2.9

ESPP

 

 

1.7

 

0.6

Total

 

$

56.5