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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Stock-Based Compensation  
Schedule of weighted average assumptions for employee grants

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31, 

 

Valuation assumptions:

    

2016

    

    

2015

 

 

2014

     

Expected volatility

 

61.00

%  

 

55.21

%

 

59.37

%

Expected life (years)

 

5.69

 

 

6.05

 

 

6.00

 

Risk-free interest rate

 

1.37

%  

 

1.75

%

 

1.98

%

Dividend yield

 

 —

 

 

 —

 

 

 —

 

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

average

 

 

 

 

 

 

 

average

 

remaining

 

Aggregate

 

 

Number

 

exercise

 

contractual

 

intrinsic

 

    

of shares

    

price

    

term

    

value

Outstanding at January 1, 2014

 

2,635,827

 

$

2.20

 

 

 

 

 

Granted

 

259,928

 

 

6.01

 

 

 

 

 

Exercised

 

(41,151)

 

 

1.42

 

 

 

 

 

Forfeited

 

(9,378)

 

 

4.17

 

 

 

 

 

Outstanding at December 31, 2014

 

2,845,226

 

$

2.56

 

 

 

 

 

Granted

 

365,098

 

 

6.42

 

 

 

 

 

Exercised

 

(406,683)

 

 

1.04

 

 

 

 

 

Forfeited

 

(11,887)

 

 

6.24

 

 

 

 

 

Outstanding at December 31, 2015

 

2,791,754

 

$

3.27

 

 

  

 

 

Granted

 

479,010

 

 

14.56

 

 

 

 

 

Exercised

 

(203,991)

 

 

1.32

 

 

 

 

 

Forfeited

 

(7,083)

 

 

9.02

 

 

 

 

 

Outstanding at December 31, 2016

 

3,059,690

 

$

5.14

 

6.2

 

$

30,178

Options vested and expected to vest at December 31, 2016

 

3,059,690

 

$

5.14

 

6.2

 

$

30,178

Exercisable at December 31, 2016

 

2,214,358

 

$

3.10

 

5.4

 

$

26,314

 

Schedule of recorded stock-based compensation expense related to stock options

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

December 31, 

 

 

2016

    

2015

 

2014

Cost of revenue - product

 

$

191

 

$

102

 

$

57

Cost of revenue - service

 

 

46

 

 

23

 

 

3

Research and development

 

 

62

 

 

25

 

 

9

Sales and marketing

 

 

138

 

 

91

 

 

57

General and administrative

 

 

3,813

 

 

324

 

 

128

 

 

$

4,250

 

$

565

 

$

254