v3.6.0.2
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Effects of Changes in Accounting Principle
The following tables present the effects of the retrospective application of the voluntary change in accounting principle for sales commissions related to non-cancellable product, PCS, and SaaS contracts for the current periods and the corresponding preceding periods presented (in thousands, except per share data):
Consolidated Balance Sheet (in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
December 31, 2015
 
Computed
under Prior
Method
 
Impact of
Commission
Adjustment
 
As Reported
 
As
Previously
Reported
 
Impact of
Commission
Adjustment
 
As Adjusted
Prepaid expenses and other current assets
$
3,038

 
$
2,932

 
$
5,970

 
$
4,129

 
$
3,484

 
$
7,613

Total current assets
$
118,930

 
$
2,932

 
$
121,862

 
$
130,819

 
$
3,484

 
$
134,303

Other assets
$
1,985

 
$
3,115

 
$
5,100

 
$
426

 
$
3,254

 
$
3,680

Total assets
$
130,436

 
$
6,047

 
$
136,483

 
$
140,914

 
$
6,738

 
$
147,652

Accumulated deficit
$
(233,304
)
 
$
6,047

 
$
(227,257
)
 
$
(197,084
)
 
$
6,738

 
$
(190,346
)
Total stockholders' equity
$
22,641

 
$
6,047

 
$
28,688

 
$
34,193

 
$
6,738

 
$
40,931

Total liabilities and stockholders' equity
$
130,436

 
$
6,047

 
$
136,483

 
$
140,914

 
$
6,738

 
$
147,652



Consolidated Statements of Operations (in thousands, except share and per share amounts)
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
Computed under Prior Method
 
Impact of
Commission
Adjustment
 
As Reported
Sales and marketing
 
$
80,307

 
$
691

 
$
80,998

Operating loss
 
$
(36,122
)
 
$
(691
)
 
$
(36,813
)
Net loss
 
$
(36,220
)
 
$
(691
)
 
$
(36,911
)
Net loss per share allocable to common stockholders, basic and diluted
 
$
(0.72
)
 
$
(0.01
)
 
$
(0.73
)
Weighted-average shares used in computing net loss per share allocable to common stockholders, basic and diluted
 
50,332,872

 

 
50,332,872


 
 
Year Ended December 31, 2015
 
 
As
Previously
Reported
 
Impact of
Commission
Adjustment
 
As Adjusted
Sales and marketing
 
$
83,066

 
$
(1,977
)
 
$
81,089

Operating loss
 
$
(45,027
)
 
$
1,977

 
$
(43,050
)
Net loss
 
$
(46,195
)
 
$
1,977

 
$
(44,218
)
Net loss per share allocable to common stockholders, basic and diluted
 
$
(0.98
)
 
$
0.05

 
$
(0.93
)
Weighted-average shares used in computing net loss per share allocable to common stockholders, basic and diluted
 
47,323,253

 

 
47,323,253


 
 
Year Ended December 31, 2014
 
 
As
Previously
Reported
 
Impact of
Commission
Adjustment
 
As Adjusted
Sales and marketing
 
$
72,364

 
$
(1,518
)
 
$
70,846

Operating loss
 
$
(28,563
)
 
$
1,518

 
$
(27,045
)
Net loss
 
$
(30,555
)
 
$
1,518

 
$
(29,037
)
Net loss per share allocable to common stockholders, basic and diluted
 
$
(0.85
)
 
$
0.05

 
$
(0.80
)
Weighted-average shares used in computing net loss per share allocable to common stockholders, basic and diluted
 
36,097,405

 

 
36,097,405


Consolidated Statements of Comprehensive Loss (in thousands)
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
Computed
under Prior
Method
 
Impact of
Commission
Adjustment
 
As Reported
Net loss
 
$
(36,220
)
 
$
(691
)
 
$
(36,911
)
Comprehensive loss
 
$
(36,190
)
 
$
(691
)
 
$
(36,881
)
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2015
 
 
As
Previously
Reported
 
Impact of
Commission
Adjustment
 
As Adjusted
Net loss
 
$
(46,195
)
 
$
1,977

 
$
(44,218
)
Comprehensive loss
 
$
(46,256
)
 
$
1,977

 
$
(44,279
)
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2014
 
 
As
Previously
Reported
 
Impact of
Commission
Adjustment
 
As Adjusted
Net loss
 
$
(30,555
)
 
$
1,518

 
$
(29,037
)
Comprehensive loss
 
$
(30,555
)
 
$
1,518

 
$
(29,037
)

Consolidated Statements of Cash Flows (in thousands)
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
Computed
under Prior
Method
 
Impact of
Commission
Adjustment
 
As Reported
Net loss
 
$
(36,220
)
 
$
(691
)
 
$
(36,911
)
Prepaid expenses and other current assets
 
$
1,529

 
$
552

 
$
2,081

Other assets
 
$
(59
)
 
$
139

 
$
80

Net cash used in operating activities
 
$
(14,554
)
 
$

 
$
(14,554
)


 
 
Year Ended December 31, 2015
 
 
As
Previously
Reported
 
Impact of
Commission
Adjustment
 
As Adjusted
Net loss
 
$
(46,195
)
 
$
1,977

 
$
(44,218
)
Prepaid expenses and other current assets
 
$
(1,275
)
 
$
(1,210
)
 
$
(2,485
)
Other assets
 
$
(257
)
 
$
(767
)
 
$
(1,024
)
Net cash used in operating activities
 
$
(4,957
)
 
$

 
$
(4,957
)

 
 
Year Ended December 31, 2014
 
 
As
Previously
Reported
 
Impact of
Commission
Adjustment
 
As Adjusted
Net loss
 
$
(30,555
)
 
$
1,518

 
$
(29,037
)
Prepaid expenses and other current assets
 
$
(733
)
 
$
(522
)
 
$
(1,255
)
Other assets
 
$
(98
)
 
$
(996
)
 
$
(1,094
)
Net cash used in operating activities
 
$
(8,748
)
 
$

 
$
(8,748
)
Percentage of Revenue from Individual Customers
The percentages of revenue from a consolidated group of entities (VAD A) and from an individual entity (VAD B) greater than 10% of total consolidated revenue were as follows:
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
VAD A
 
14.9
%
 
13.8
%
 
13.6
%
VAD B
 
12.2
%
 
*

 
*

 
 
 
 
 
 
 
* Less than 10%
 
 
 
 
 
 
The percentages of receivables from VAD A and individual entities (VAD B, VAD C and VAD D) greater than 10% of total consolidated accounts receivable were as follows:
 
 
As of December 31,
 
 
2016
 
2015
VAD A
 
22.4
%
 
18.5
%
VAD B
 
14.4
%
 
*

VAD C
 
*

 
11.2
%
VAD D
 
15.3
%
 
*

 
 
 
 
 
* Less than 10%