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Stock compensation (Tables)
9 Months Ended
Sep. 30, 2016
Stock compensation  
Schedule of valuation assumptions used for valuation of fair value of stock compensation granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee Stock Options

 

Employee Stock Purchase Plan

 

 

 

 

For the Three Months Ended

For the Nine Months Ended

 

For the Three Months Ended

For the Nine Months Ended

 

 

 

 

September 30,

 

September 30,

 

 

 

      

2016

       

2015

      

2016

      

2015

      

 

2016

      

2015

      

2016

      

2015

      

 

Average risk-free interest rates

 

 

1.05

%  

1.22

%  

1.31

%  

1.35

%  

 

0.77

%  

0.64

%  

0.77

%  

0.64

%  

 

Average expected life (in years)

 

 

4.96

 

4.44

 

4.99

 

5.04

 

 

0.50

 

0.50

 

0.50

 

0.50

 

 

Volatility

 

 

50

%  

47

%  

50

%  

50

%  

 

38

%  

51

%  

48

%  

51

%  

 

Weighted-average fair value (in dollars)

 

 

36.66

 

46.08

 

39.29

 

34.29

 

 

18.33

 

13.45

 

18.94

 

13.45

 

 

 

Schedule of option activity under the 2010 Stock Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares Subject to

 

 

 

 

 

Outstanding Options

 

 

 

Shares Available

 

 

 

Weighted Average

 

 

    

for Grant

    

Shares

    

Exercise Price

 

Balance at December 31, 2015

 

3,846,717

 

11,052,279

 

$

33.55

 

Additional authorization

 

5,000,000

 

 —

 

 

 —

 

Options granted

 

(2,606,079)

 

2,606,079

 

$

89.53

 

Options exercised

 

 —

 

(1,524,934)

 

$

19.16

 

Options cancelled

 

164,542

 

(156,555)

 

$

77.13

 

Options expired

 

(1,834)

 

(7,987)

 

$

39.67

 

Balance at September 30, 2016

 

6,403,346

 

11,968,882

 

$

46.99

 

 

Schedule of RSU and PSU award activity under the 2010 Stock Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares Subject to

 

 

 

Shares Available

 

Outstanding Awards

 

 

    

for Grant

    

Shares

    

Grant Date Value

 

Balance at December 31, 2015

    

834,433

    

565,567

 

 

 —

 

Additional authorization

 

1,000,000

 

 —

 

 

 —

 

RSUs granted

 

(708,426)

 

708,426

 

$

85.28

 

RSUs cancelled

 

32,880

 

(32,880)

 

$

73.38

 

PSUs cancelled

 

1,948

 

(1,948)

 

$

64.55

 

RSUs released

 

 —

 

(7,278)

 

$

78.49

 

Balance at September 30, 2016

 

1,160,835

 

1,231,887

 

 

 —