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Stock-Based Compensation Expense (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock-Based Compensation Expense

Stock-based compensation expense for restricted stock, restricted stock units, stock options and issuances of common stock pursuant to our employee stock purchase plan was classified in the accompanying consolidated statements of operations as follows:

 

     Three Months Ended March 31,  
     2016      2015  
     (in thousands)  

Stock-based compensation expense:

     

Cost of revenue

   $ 137       $ 49   

Research and development

     1,493         144   

Sales and marketing

     2,901         115   

General and administrative

     988         267   
  

 

 

    

 

 

 

Total stock-based compensation expense

   $ 5,519       $ 575   
  

 

 

    

 

 

 
Summary of Restricted Stock and Restricted Stock Unit Activity

Restricted stock and restricted stock unit activity during the three months ended March 31, 2016 was as follows:

 

     Restricted Stock      Weighted
Average
Grant Date
Fair Value
 

Outstanding as of December 31, 2015

     1,149,257       $ 19.34   

Granted

     528,550         12.97   

Vested

     (84,649      19.14   

Forfeited

     (32,290      13.61   
  

 

 

    

Outstanding as of March 31, 2016

     1,560,868       $ 17.31   
  

 

 

    
Summary of Stock Option Activity

Stock option activity during the three months ended March 31, 2016 was as follows:

 

     Shares      Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual Life
(in years)
     Aggregate
Intrinsic
Value
(in thousands)
 

Outstanding as of December 31, 2015

     4,246,525       $ 5.99         

Granted

     916,558         12.96         

Exercised

     (122,284      4.13         

Forfeited/cancelled

     (159,444      10.11         
  

 

 

          

Outstanding as of March 31, 2016

     4,881,355         7.21         7.6       $ 29,337   
  

 

 

          

Vested and exercisable as of March 31, 2016

     2,793,056         4.53         6.6       $ 23,891   

Vested and expected to vest as of March 31, 2016

     4,460,388         6.78         7.4       $ 28,639