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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Stock-based compensation  
Schedule of the stock-based compensation

 

 

Year Ended December 31,

 

 

 

2014

 

2015

 

2016

 

 

 

(In thousands)

 

Cost of revenues

 

$

755

 

$

1,196

 

$

2,616

 

Sales and marketing

 

1,583

 

3,209

 

5,357

 

Product development

 

4,392

 

10,210

 

15,076

 

General and administrative

 

7,049

 

11,784

 

13,853

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

13,779

 

$

26,399

 

$

36,902

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of the number of shares available for issuance

 

 

Shares Available

 

 

 

(In thousands)

 

December 31, 2013

 

4,648

 

Addition

 

1,000

 

Granted*

 

(2,951

)

Cancelled/expired/forfeited

 

41

 

 

 

 

 

 

 

 

 

December 31, 2014

 

2,738

 

Addition

 

21,684

 

Granted*

 

(4,851

)

Cancelled/expired/forfeited

 

646

 

 

 

 

 

 

 

 

 

December 31, 2015

 

20,217

 

Addition

 

 

Granted*

 

(1,917

)

Cancelled/expired/forfeited

 

578

 

 

 

 

 

 

 

 

 

December 31, 2016

 

18,878

 

 

 

 

 

 

*             In 2014, 3.0 million restricted share units and no options were granted under the 2014 Plan. In 2015, 4.9 million restricted share units and no options were granted under the 2014 Plan. In 2016, 1.9 million restricted share units and no options were granted under the 2014 Plan.

 

Summary of option activities under the Company' stock option program

 

 

Options
Outstanding

 

Weighted Average
Exercise Price

 

Weighted Average
Remaining
Contractual Life

 

Aggregate
Intrinsic Value

 

 

 

(In thousands)

 

 

 

(In years)

 

(In thousands)

 

December 31, 2013

 

18,561

 

$

1.17

 

4.3

 

$

239,975

 

Granted

 

 

$

 

 

 

 

 

Exercise

 

(3,697

)

$

0.52

 

 

 

 

 

Cancelled/expired/forfeited

 

(534

)

$

2.84

 

 

 

 

 

Repurchased

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

14,330

 

$

1.28

 

3.2

 

$

185,684

 

Granted

 

 

$

 

 

 

 

 

Exercise

 

(7,309

)

$

1.11

 

 

 

 

 

Cancelled/expired/forfeited

 

(718

)

$

3.22

 

 

 

 

 

Repurchased

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

6,303

 

$

1.26

 

2.4

 

$

114,975

 

Granted

 

 

$

 

 

 

 

 

Exercise

 

(3,625

)

$

1.10

 

 

 

 

 

Cancelled/expired/forfeited

 

(91

)

$

3.37

 

 

 

 

 

Repurchased

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

2,587

 

$

1.41

 

1.6

 

$

101,403

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest as of December 31, 2015

 

6,237

 

$

1.24

 

2.4

 

$

113,909

 

Exercisable as of December 31, 2015

 

5,649

 

$

1.01

 

2.2

 

$

104,473

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest as of December 31, 2016

 

2,572

 

$

1.40

 

1.6

 

$

100,819

 

Exercisable as of December 31, 2016

 

2,433

 

$

1.28

 

1.4

 

$

95,678

 

 

Schedule of stock options outstanding

Range of Exercise Prices

 

Options
Outstanding

 

Weighted
Average
Exercise Price

 

Options
Exercisable

 

Weighted
Average
Exercise Price

 

Weighted Average
Remaining
Contractual Life

 

 

 

(In thousands)

 

 

 

(In thousands)

 

 

 

(In years)

 

As of December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

$0.36 - $0.41

 

4,167

 

$

0.36

 

4,167

 

$

0.36

 

1.7

 

$0.96 - $1.80

 

406

 

$

1.24

 

406

 

$

1.24

 

2.3

 

$3.25 - $3.36

 

682

 

$

3.32

 

519

 

$

3.33

 

3.5

 

$3.43 - $3.50

 

1,048

 

$

3.48

 

557

 

$

3.48

 

4.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,303

 

$

1.26

 

5,649

 

$

1.01

 

2.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

$0.36 - $0.41

 

1,639

 

$

0.36

 

1,639

 

$

0.36

 

0.7

 

$0.96 - $1.80

 

79

 

$

0.97

 

79

 

$

0.97

 

1.2

 

$3.25 - $3.36

 

341

 

$

3.33

 

338

 

$

3.33

 

2.5

 

$3.43 - $3.50

 

528

 

$

3.48

 

377

 

$

3.48

 

3.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,587

 

$

1.41

 

2,433

 

$

1.28

 

1.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance-based restricted share units  
Stock-based compensation  
Summary of restricted share unit activities

 

 

Shares Granted

 

Weighted-Average
Grant Date
Fair Value

 

 

 

(In thousands)

 

 

 

December 31, 2015

 

 

$

 

Awarded

 

111

 

$

27.00

 

Cancelled

 

(3

)

$

27.00

 

 

 

 

 

 

 

 

December 31, 2016

 

108

 

$

27.00

 

 

 

 

 

 

 

 

 

Service-based restricted share units  
Stock-based compensation  
Summary of restricted share unit activities

 

 

Shares
Granted

 

Weighted-
Average
Grant Date
Fair Value

 

 

 

(In
thousands)

 

 

 

December 31, 2013

 

800

 

$

13.19

 

Awarded

 

2,951

 

$

17.11

 

Vested

 

(203

)

$

13.19

 

Cancelled

 

(41

)

$

17.23

 

 

 

 

 

 

 

 

December 31, 2014

 

3,507

 

$

16.44

 

Awarded

 

4,851

 

$

12.41

 

Vested

 

(1,211

)

$

14.69

 

Cancelled

 

(646

)

$

14.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

6,501

 

$

13.98

 

Awarded

 

1,806

 

$

24.94

 

Vested

 

(2,274

)

$

14.73

 

Cancelled

 

(575

)

$

14.58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

5,458

 

$

17.23