XML 23 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1

Stock-Based Compensation

9 Months Ended

Sep. 30, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

Note 8—Stock-Based Compensation

Stock-Based Compensation Expense

Stock-based compensation expense included in the condensed consolidated statements of operations was as follows (in thousands):

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2017				2016				2017				2016
Platform operations		$	818			$	75			$	1,543			$	114
Sales and marketing			1,500				200				3,277				318
Technology and development			1,990				216				3,981				330
General and administrative			1,585				165				3,605				286
Total		$	5,893			$	656			$	12,406			$	1,048

Stock Options

Stock option activity for the nine months ended September 30, 2017 was as follows:

		Shares Under Option (in thousands)				Weighted- Average Exercise Price
Outstanding as of December 31, 2016 (1)			5,429			$	4.94
Granted			966				40.55
Exercised			(1,758	)			1.01
Cancelled			(192	)			17.17
Outstanding as of September 30, 2017 (2)			4,445			$	13.71
Exercisable as of September 30, 2017			2,163			$	3.63

(1) Includes options to purchase 389 and 5,040 shares of Class A and Class B common stock, respectively.

(2) Includes options to purchase 1,296 and 3,149 shares of Class A and Class B common stock, respectively.

On January 1, 2017, the number of shares authorized for grant under the Company’s 2016 Incentive Award Plan was increased by 1.6 million shares in accordance with plan provisions.

Restricted Stock and Restricted Stock Units (“Restricted Stock”)

Restricted Stock activity for the nine months ended September 30, 2017 was as follows:

		Shares (in thousands)				Weighted- Average Grant Date Fair Value
Unvested as of December 31, 2016			193			$	29.65
Granted			123				35.25
Vested			(1	)			22.90
Forfeited			(28	)			29.92
Unvested as of September 30, 2017			287			$	32.07

Employee Stock Purchase Plan

On January 1, 2017, the number of shares available for issuance under the Company’s Employee Stock Purchase Plan was increased by 0.4 million shares in accordance with plan provisions. In May 2017, employees purchased 0.1 million shares for $2.3 million under this plan.

X

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-URI http://asc.fasb.org/subtopic&trid=2208855

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration