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Balance Sheet Components
6 Months Ended
Jun. 30, 2014
Balance Sheet Components  
Balance Sheet Components

4. Balance Sheet Components

 

Cash and Cash Equivalents

 

Cash and cash equivalents consist of the following:

 

 

 

June 30,

 

December 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Cash

 

$

12,690

 

$

3,614

 

Cash equivalents:

 

 

 

 

 

Money market funds

 

106,999

 

121,466

 

Certificate of deposit

 

25

 

3,219

 

 

 

107,024

 

124,685

 

Cash and cash equivalents

 

$

119,714

 

$

128,299

 

 

Accounts Receivable

 

Accounts receivable consist of the following:

 

 

 

June 30,

 

December 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Accounts receivable

 

$

29,943

 

$

27,275

 

Allowance for doubtful accounts

 

(295

)

(329

)

Accounts receivable, net

 

$

29,648

 

$

26,946

 

 

Property and Equipment, Net

 

Property and equipment, net consists of the following:

 

 

 

June 30,

 

December 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Computer equipment

 

$

16,035

 

$

12,919

 

Software

 

2,360

 

2,314

 

Office furniture

 

1,576

 

1,318

 

Leasehold improvements

 

3,130

 

2,993

 

Construction in progress

 

1,446

 

51

 

Total property and equipment

 

24,547

 

19,595

 

Less accumulated depreciation

 

(9,058

)

(5,739

)

Property and equipment, net

 

$

15,489

 

$

13,856

 

 

Accrued Expenses and Other Current Liabilities

 

Accrued expenses and other current liabilities are as follows:

 

 

 

June 30,

 

December 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Accrued bonuses, commissions and wages

 

$

7,640

 

$

12,321

 

Accrued ESPP

 

2,207

 

3,278

 

Accrued vacation

 

2,758

 

2,202

 

Accrued marketing expenses

 

1,662

 

1,062

 

Accrued legal, consulting and audit fees

 

317

 

672

 

Accrued employee expense reimbursements

 

497

 

643

 

Accrued sales taxes and other taxes

 

351

 

638

 

Liability payable for unvested stock options exercises

 

347

 

552

 

Accrued sales awards

 

428

 

320

 

Accrued other

 

1,632

 

1,367

 

Total

 

$

17,839

 

$

23,055

 

 

Changes in Accumulated Other Comprehensive Income

 

Changes in accumulated other comprehensive income are as follows:

 

 

 

Foreign Currency
Translation
Adjustments

 

Total

 

 

 

(in thousands)

 

Balance at December 31, 2013

 

$

198

 

$

198

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 

65

 

65

 

Amounts reclassified from accumulated other comprehensive income

 

 

 

Other comprehensive income attributable to redeemable non-controlling interests

 

(18

)

(18

)

 

 

 

 

 

 

Balance at June 30, 2014

 

$

245

 

$

245