XML 30 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock-based Compensation Expense

Stock-based compensation expense was recorded in the following cost and expense categories consistent with the respective employee or service provider’s related cash compensation (in thousands):

			Three months ended September 30,												Nine months ended September 30,
			2017						2016						2017						2016
Cost of revenue
Subscription and support			$	204					$	122					$	522					$	365
Professional services			129						100						329						315
Operating expenses
Research and development			601						594						1,566						1,787
Sales and marketing			788						567						2,141						1,471
General and administrative			2,942						2,287						8,642						6,624
Total			$	4,664					$	3,670					$	13,200					$	10,562

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of our stock options and ESPP purchase rights was estimated assuming no expected dividends and the following weighted-average assumptions:

			Three months ended September 30,												Nine months ended September 30,
			2017						2016						2017						2016
Stock Options
Expected term (in years)			6.1						6.1						6.0 - 6.1						6.0 - 6.1
Risk-free interest rate			1.9% - 2.1%						1.2% - 1.3%						1.9% - 2.1%						1.2% - 1.9%
Expected volatility			38.9% - 39.1%						44.4% - 44.6%						38.9% - 43.8%						44.4% - 45.3%
ESPP
Expected term (in years)			0.5						—						0.5						—
Risk-free interest rate			1.2%						—%						1.2%						—		%
Expected volatility			28.5%						—%						28.5%						—		%

Schedule of Share-based Payment Award, ESPP, Valuation Assumptions

The fair value of our stock options and ESPP purchase rights was estimated assuming no expected dividends and the following weighted-average assumptions:

			Three months ended September 30,												Nine months ended September 30,
			2017						2016						2017						2016
Stock Options
Expected term (in years)			6.1						6.1						6.0 - 6.1						6.0 - 6.1
Risk-free interest rate			1.9% - 2.1%						1.2% - 1.3%						1.9% - 2.1%						1.2% - 1.9%
Expected volatility			38.9% - 39.1%						44.4% - 44.6%						38.9% - 43.8%						44.4% - 45.3%
ESPP
Expected term (in years)			0.5						—						0.5						—
Risk-free interest rate			1.2%						—%						1.2%						—		%
Expected volatility			28.5%						—%						28.5%						—		%

Schedule of Stock-Option Activity

The following table summarizes the option activity under the Plans for the nine months ended September 30, 2017:

			Options						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value
																					(in thousands)
Outstanding at December 31, 2016			7,532,455						$	12.22					7.2						$	19,988
Granted			1,772,353						14.99
Forfeited			(279,651)						14.55
Exercised			(688,661)						9.68
Outstanding at September 30, 2017			8,336,496						$	12.95					7.1						$	65,845
Exercisable at September 30, 2017			4,727,976						$	11.31					5.9						$	45,104

Schedule of Restricted Stock Awards

The following table summarizes the restricted stock award activity under the Plan for the nine months ended September 30, 2017:

			Number of Shares						Weighted-Average Grant Date Fair Value
Unvested at December 31, 2016			353,335						$	13.40
Granted			—						—
Forfeited			—						—
Vested			(176,670)						13.40
Unvested at September 30, 2017			176,665						$	13.40

Schedule of Restricted Stock Units

The following table summarizes the restricted stock unit activity under the Plan for the nine months ended September 30, 2017:

			Number of Shares						Weighted-Average Grant Date Fair Value
Unvested at December 31, 2016			381,952						$	15.11
Granted			413,792						13.95
Forfeited			—						—
Vested(1)			(174,211)						14.58
Unvested at September 30, 2017			621,533						$	14.48

(1) As of September 30, 2017, recipients of 146,075 shares had elected to defer settlement of the vested restricted stock units in accordance with our Nonqualified Deferred Compensation Plan.

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

+ Details

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

X

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5047-113901

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809

+ Details

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

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

+ Details

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

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

+ Details

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

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

+ Details

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

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

+ Details

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