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Stock‑Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding Options

 

 

    

 

    

 

    

 

    

Weighted-

    

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

Shares

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

Available for

 

Number of

 

Exercise

 

Contractual

 

Intrinsic

 

(in thousands, except for contractual life and exercise price)

 

Grant

 

Shares

 

Price

 

Life

 

Value

 

 

 

 

 

 

 

 

 

 

(In years)

 

 

 

Balance at December 31, 2014

 

294

 

8,463

 

$

2.28

 

8.83

 

$

43,659

 

Additional shares authorized

 

4,985

 

 —

 

 

 

 

 

 

 

 

 

Options granted

 

(2,181)

 

2,181

 

$

10.16

 

 

 

 

 

 

Options exercised

 

 —

 

(683)

 

$

1.72

 

 

 

 

 

 

Options forfeited

 

645

 

(645)

 

$

5.25

 

 

 

 

 

 

Balance at December 31, 2015

 

3,743

 

9,316

 

$

3.96

 

8.31

 

$

63,713

 

Exercisable at December 31, 2015

 

 

 

5,602

 

$

1.90

 

5.31

 

$

49,880

 

Vested and expected to vest at December 31, 2015

 

 

 

8,414

 

$

3.72

 

7.32

 

$

59,529

 

 

Summary of stock-based compensation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

 

2015

 

2014

 

2013

 

 

    

Employee

    

Non-Employee

    

Total  

    

Employee

    

Non-Employee

    

Total  

    

Employee

    

Non-Employee

    

Total  

 

 

 

(in thousands)

 

Cost of revenues

 

$

351

 

$

241

 

$

592

 

$

262

 

$

29

 

$

291

 

$

55

 

$

7

 

$

62

 

Research and development

 

 

1,566

 

 

9

 

 

1,575

 

 

1,563

 

 

30

 

 

1,593

 

 

612

 

 

4

 

 

616

 

Selling, general and administrative

 

 

4,993

 

 

166

 

 

5,159

 

 

3,180

 

 

93

 

 

3,273

 

 

970

 

 

9

 

 

979

 

Total

 

$

6,910

 

$

416

 

$

7,326

 

$

5,005

 

$

152

 

$

5,157

 

 

1,637

 

$

20

 

$

1,657

 

 

Employee stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions used in valuation of fair value of employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2015

    

    

2014

    

    

2013

 

Expected term

 

5.6

 

10.0

 

 

4.91

 

7.06

 

 

6.0

 

Expected volatility

 

69.7

%  

78.8

%

 

73.4

%  

87.0

%

 

63.7

%

85.7

%

Expected dividend rate

 

 

 

 

0

%

 

 

 

 

0

%

 

 

 

 

0

%

Risk-free interest rate

 

1.56

%  

2.32

%

 

1.65

%  

2.04

%

 

0.44

%

2.86

%

 

Non-employee stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions used in valuation of fair value of employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2015

    

    

2014

    

    

2013

 

Expected term

 

4.9

 

9.8

 

 

4.4

 

10.0

 

 

8.4

 

Expected volatility

 

70.2

%  

75.4

%

 

71.9

%  

80.2

%

 

75.6

%

81.5

%

Expected dividend rate

 

 

 

 

0

%

 

 

 

 

0

%

 

 

 

 

0

%

Risk-free interest rate

 

1.74

%  

2.24

%

 

1.41

%  

2.61

%

 

1.44

%

2.51

%