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Common Stock, Preferred Stock and Equity Plans (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of stock and stock equity plans
The following table contains information about the Company’s equity plans:
 
 
 
 
 
 
As of December 31, 2016
Title of Plan
 
Group Eligible
 
Type of Award
Granted
 
Awards
Outstanding
 
Additional Awards
Authorized for
Grant
2013 Stock and Option Plan
 
Employees, Non-employee Directors and Consultants
 
NSO,
RS and RSU
 
9,832,269

 
9,180,002

2006 Stock and Option Plan
 
Employees, Non-employee Directors and Consultants
 
NSO,
RS and RSU
 
6,355,357

 

 
 
 
 
Total
 
16,187,626

 
9,180,002

Outstanding and vested options
The following table summarizes information related to the outstanding and exercisable options during the year ended December 31, 2016:
 
Stock Options
 
Weighted-average
Exercise Price
 
Weighted-average
Remaining
Contractual Life
 
Aggregate Intrinsic
Value
 
(in thousands)
 
(per share)
 
(in years)
 
(in thousands)
Outstanding at December 31, 2015
11,145

 
$
75.99

 
 
 
 
Granted
3,183

 
$
91.36

 
 
 
 
Exercised
(1,064
)
 
$
45.61

 
 
 
 
Forfeited
(544
)
 
$
94.62

 
 
 
 
Expired
(78
)
 
$
107.51

 
 
 
 
Outstanding at December 31, 2016
12,642

 
$
81.41

 
7.06
 
$
124,939

Exercisable at December 31, 2016
7,323

 
$
68.92

 
6.00
 
$
121,671

Exercisable and Expected to Vest at December 31, 2016
12,200

 
$
80.76

 
7.00
 
$
124,892

Stock options outstanding and exercisable
The following table summarizes information about stock options outstanding and exercisable at December 31, 2016:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number
Outstanding
 
Weighted-average
Remaining
Contractual Life
 
Weighted-average
Exercise Price
 
Number
Exercisable
 
Weighted-average
Exercise Price
 
 
(in thousands)
 
(in years)
 
(per share)
 
(in thousands)
 
(per share)
$18.93–$20.00
 
137

 
1.10
 
$
18.93

 
137

 
$
18.93

$20.01–$40.00
 
1,696

 
3.19
 
$
33.94

 
1,696

 
$
33.94

$40.01–$60.00
 
1,867

 
5.59
 
$
48.26

 
1,762

 
$
48.44

$60.01–$80.00
 
1,345

 
7.11
 
$
75.90

 
891

 
$
75.60

$80.01–$100.00
 
4,529

 
8.45
 
$
90.60

 
1,548

 
$
89.61

$100.01–$120.00
 
1,604

 
8.05
 
$
109.33

 
702

 
$
109.29

$120.01–$134.69
 
1,464

 
8.53
 
$
130.58

 
587

 
$
130.17

Total
 
12,642

 
7.06
 
$
81.41

 
7,323

 
$
68.92

Restricted stock and restricted stock units activity
The following table summarizes the restricted stock and restricted stock unit activity of the Company during the year ended December 31, 2016:
 
Restricted Stock
 
Restricted Stock Units
 
Number of Units
 
Weighted-average
Grant-date
Fair Value
 
Number of Shares
 
Weighted-average
Grant-date
Fair Value
 
(in thousands)
 
(per share)
 
(in thousands)
 
(per share)
Unvested at December 31, 2015
2,831

 
$
98.80

 
193

 
$
98.36

Granted
857

 
$
91.49

 
847

 
$
90.46

Vested
(817
)
 
$
79.28

 
(59
)
 
$
83.13

Cancelled
(258
)
 
$
98.56

 
(48
)
 
$
94.54

Unvested at December 31, 2016
2,613

 
$
102.54

 
933

 
$
92.35

Shares issued under Employee Stock Purchase Plan
In 2016, the following shares were issued to employees under the ESPP:
 
Year Ended December 31, 2016
 
(in thousands,
except per share amount)
Number of shares
272

Average price paid per share
$
70.70