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Net tangible assets acquired | $ | 2,140 | |
Net deferred tax liability recognized | (1,979 | ) | |
Identifiable intangible assets: | |||
Developed technology | 8,800 | ||
Customer relationships | 500 | ||
Goodwill | 36,896 | ||
Total purchase price | $ | 46,357 |
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Fair Value Measurement at June 30, 2016 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 88,441 | $ | 88,441 | |||||
Commercial paper | — | 36,732 | 36,732 | ||||||||
Agency securities | — | 20,397 | 20,397 | ||||||||
Asset-backed securities | — | 19,032 | 19,032 | ||||||||
U.S. treasury securities | — | 14,748 | 14,748 | ||||||||
Money market funds | $ | 14,025 | — | 14,025 | |||||||
Total | $ | 14,025 | $ | 179,350 | $ | 193,375 | |||||
Included in cash and cash equivalents | $ | 35,620 | |||||||||
Included in marketable securities | $ | 157,755 |
Fair Value Measurement at December 31, 2015 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 31,761 | $ | 31,761 | |||||
Money market funds | 21,338 | — | 21,338 | ||||||||
Asset-backed securities | — | 7,998 | 7,998 | ||||||||
Commercial paper | — | 5,992 | 5,992 | ||||||||
U.S. treasury securities | — | 4,001 | 4,001 | ||||||||
Agency securities | — | 1,998 | 1,998 | ||||||||
Total | $ | 21,338 | $ | 51,750 | $ | 73,088 | |||||
Included in cash and cash equivalents | $ | 21,338 | |||||||||
Included in marketable securities | $ | 51,750 |
June 30, 2016 | December 31, 2015 | ||||||
Due in one year or less | $ | 106,130 | $ | 29,414 | |||
Due after one year | 51,625 | 22,336 | |||||
Total | $ | 157,755 | $ | 51,750 |
June 30, 2016 | |||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||
Derivative Instrument | Balance Sheet Location | Fair Value (Level 2) | Balance Sheet Location | Fair Value (Level 2) | |||||||
Foreign currency forward contracts | Other current assets | $ | 963 | Accrued liabilities | $ | 1,624 | |||||
Foreign currency forward contracts | Other assets | 34 | Other liabilities | 505 | |||||||
Total | $ | 997 | $ | 2,129 |
December 31, 2015 | |||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||
Derivative Instrument | Balance Sheet Location | Fair Value (Level 2) | Balance Sheet Location | Fair Value (Level 2) | |||||||
Foreign currency forward contracts | Other current assets | $ | 408 | Accrued liabilities | $ | 1,081 | |||||
Total | $ | 408 | $ | 1,081 |
Three Months Ended June 30, 2016 | Six Months Ended June 30, 2016 | ||||||||||||||||
Hedging Instrument | Location of Gain (Loss) Reclassified into Earnings | Loss Recognized in AOCI | Gain Reclassified from AOCI into Earnings | Loss Recognized in AOCI | Loss Reclassified from AOCI into Earnings | ||||||||||||
Foreign currency forward contracts | Revenue, cost of revenue, operating expenses | $ | (2,772 | ) | $ | 114 | $ | (425 | ) | $ | (148 | ) | |||||
Total | $ | (2,772 | ) | $ | 114 | $ | (425 | ) | $ | (148 | ) |
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June 30, 2016 | December 31, 2015 | ||||||
Hosting equipment | $ | 30,763 | $ | 26,920 | |||
Capitalized internal-use software | 24,391 | 22,418 | |||||
Leasehold improvements | 21,123 | 19,577 | |||||
Computer equipment and software | 9,529 | 7,682 | |||||
Furniture and fixtures | 6,249 | 5,739 | |||||
Construction in progress | 4,358 | 4,157 | |||||
Total | 96,413 | 86,493 | |||||
Less: accumulated depreciation and amortization | (40,679 | ) | (29,953 | ) | |||
Property and equipment, net | $ | 55,734 | $ | 56,540 |
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Balance as of December 31, 2015 | $ | 45,346 | |
Goodwill adjustments | 166 | ||
Foreign currency translation adjustments | 481 | ||
Balance as of June 30, 2016 | $ | 45,993 |
As of June 30, 2016 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (4,849 | ) | $ | (136 | ) | $ | 9,015 | 3.3 | ||||||
Customer relationships | 1,800 | (824 | ) | (36 | ) | 940 | 2.6 | ||||||||||
$ | 15,800 | $ | (5,673 | ) | $ | (172 | ) | $ | 9,955 |
As of December 31, 2015 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (3,133 | ) | $ | (279 | ) | $ | 10,587 | 3.7 | ||||||
Customer relationships | 1,800 | (606 | ) | (78 | ) | 1,117 | 3.1 | ||||||||||
$ | 15,800 | $ | (3,739 | ) | $ | (357 | ) | $ | 11,704 |
Remainder of 2016 | $ | 1,889 | |
2017 | 3,357 | ||
2018 | 2,131 | ||
2019 | 2,066 | ||
2020 | 512 | ||
$ | 9,955 |
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Options Outstanding | RSUs Outstanding | |||||||||||||||||||||
Shares Available for Grant | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value | Outstanding RSUs | Weighted Average Grant Date Fair Value | ||||||||||||||||
(In years) | ||||||||||||||||||||||
Outstanding — January 1, 2016 | 4,323 | 10,778 | $ | 11.94 | 7.96 | $ | 156,262 | 6,417 | $ | 19.54 | ||||||||||||
Increase in authorized shares | 5,716 | |||||||||||||||||||||
Stock options granted | (1,158 | ) | 1,158 | 22.97 | ||||||||||||||||||
RSUs granted | (3,388 | ) | 3,388 | 19.51 | ||||||||||||||||||
Stock options exercised | (1,339 | ) | 7.01 | |||||||||||||||||||
RSUs vested | (1,472 | ) | 17.91 | |||||||||||||||||||
Stock options forfeited or canceled | 148 | (148 | ) | 18.74 | ||||||||||||||||||
RSUs forfeited or cancelled | 281 | (281 | ) | 20.37 | ||||||||||||||||||
Outstanding — June 30, 2016 | 5,922 | 10,449 | $ | 13.70 | 7.84 | $ | 132,494 | 8,052 | $ | 19.80 |
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Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
United States | $ | 40,068 | $ | 26,854 | $ | 77,635 | $ | 49,706 | |||||||
EMEA | 20,776 | 13,461 | 39,607 | 26,037 | |||||||||||
Other | 13,356 | 7,912 | 25,417 | 14,718 | |||||||||||
Total | $ | 74,200 | $ | 48,227 | $ | 142,659 | $ | 90,461 |
As of June 30, 2016 | As of December 31, 2015 | ||||||
United States | $ | 24,827 | $ | 26,696 | |||
EMEA | 10,591 | 10,351 | |||||
APAC | 5,880 | 5,332 | |||||
Total | $ | 41,298 | $ | 42,379 |
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Net tangible assets acquired | $ | 2,140 | |
Net deferred tax liability recognized | (1,979 | ) | |
Identifiable intangible assets: | |||
Developed technology | 8,800 | ||
Customer relationships | 500 | ||
Goodwill | 36,896 | ||
Total purchase price | $ | 46,357 |
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Fair Value Measurement at June 30, 2016 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 88,441 | $ | 88,441 | |||||
Commercial paper | — | 36,732 | 36,732 | ||||||||
Agency securities | — | 20,397 | 20,397 | ||||||||
Asset-backed securities | — | 19,032 | 19,032 | ||||||||
U.S. treasury securities | — | 14,748 | 14,748 | ||||||||
Money market funds | $ | 14,025 | — | 14,025 | |||||||
Total | $ | 14,025 | $ | 179,350 | $ | 193,375 | |||||
Included in cash and cash equivalents | $ | 35,620 | |||||||||
Included in marketable securities | $ | 157,755 |
Fair Value Measurement at December 31, 2015 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 31,761 | $ | 31,761 | |||||
Money market funds | 21,338 | — | 21,338 | ||||||||
Asset-backed securities | — | 7,998 | 7,998 | ||||||||
Commercial paper | — | 5,992 | 5,992 | ||||||||
U.S. treasury securities | — | 4,001 | 4,001 | ||||||||
Agency securities | — | 1,998 | 1,998 | ||||||||
Total | $ | 21,338 | $ | 51,750 | $ | 73,088 | |||||
Included in cash and cash equivalents | $ | 21,338 | |||||||||
Included in marketable securities | $ | 51,750 |
June 30, 2016 | December 31, 2015 | ||||||
Due in one year or less | $ | 106,130 | $ | 29,414 | |||
Due after one year | 51,625 | 22,336 | |||||
Total | $ | 157,755 | $ | 51,750 |
June 30, 2016 | |||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||
Derivative Instrument | Balance Sheet Location | Fair Value (Level 2) | Balance Sheet Location | Fair Value (Level 2) | |||||||
Foreign currency forward contracts | Other current assets | $ | 963 | Accrued liabilities | $ | 1,624 | |||||
Foreign currency forward contracts | Other assets | 34 | Other liabilities | 505 | |||||||
Total | $ | 997 | $ | 2,129 |
December 31, 2015 | |||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||
Derivative Instrument | Balance Sheet Location | Fair Value (Level 2) | Balance Sheet Location | Fair Value (Level 2) | |||||||
Foreign currency forward contracts | Other current assets | $ | 408 | Accrued liabilities | $ | 1,081 | |||||
Total | $ | 408 | $ | 1,081 |
Three Months Ended June 30, 2016 | Six Months Ended June 30, 2016 | ||||||||||||||||
Hedging Instrument | Location of Gain (Loss) Reclassified into Earnings | Loss Recognized in AOCI | Gain Reclassified from AOCI into Earnings | Loss Recognized in AOCI | Loss Reclassified from AOCI into Earnings | ||||||||||||
Foreign currency forward contracts | Revenue, cost of revenue, operating expenses | $ | (2,772 | ) | $ | 114 | $ | (425 | ) | $ | (148 | ) | |||||
Total | $ | (2,772 | ) | $ | 114 | $ | (425 | ) | $ | (148 | ) |
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June 30, 2016 | December 31, 2015 | ||||||
Hosting equipment | $ | 30,763 | $ | 26,920 | |||
Capitalized internal-use software | 24,391 | 22,418 | |||||
Leasehold improvements | 21,123 | 19,577 | |||||
Computer equipment and software | 9,529 | 7,682 | |||||
Furniture and fixtures | 6,249 | 5,739 | |||||
Construction in progress | 4,358 | 4,157 | |||||
Total | 96,413 | 86,493 | |||||
Less: accumulated depreciation and amortization | (40,679 | ) | (29,953 | ) | |||
Property and equipment, net | $ | 55,734 | $ | 56,540 |
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Balance as of December 31, 2015 | $ | 45,346 | |
Goodwill adjustments | 166 | ||
Foreign currency translation adjustments | 481 | ||
Balance as of June 30, 2016 | $ | 45,993 |
As of June 30, 2016 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (4,849 | ) | $ | (136 | ) | $ | 9,015 | 3.3 | ||||||
Customer relationships | 1,800 | (824 | ) | (36 | ) | 940 | 2.6 | ||||||||||
$ | 15,800 | $ | (5,673 | ) | $ | (172 | ) | $ | 9,955 |
As of December 31, 2015 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (3,133 | ) | $ | (279 | ) | $ | 10,587 | 3.7 | ||||||
Customer relationships | 1,800 | (606 | ) | (78 | ) | 1,117 | 3.1 | ||||||||||
$ | 15,800 | $ | (3,739 | ) | $ | (357 | ) | $ | 11,704 |
Remainder of 2016 | $ | 1,889 | |
2017 | 3,357 | ||
2018 | 2,131 | ||
2019 | 2,066 | ||
2020 | 512 | ||
$ | 9,955 |
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Options Outstanding | RSUs Outstanding | |||||||||||||||||||||
Shares Available for Grant | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value | Outstanding RSUs | Weighted Average Grant Date Fair Value | ||||||||||||||||
(In years) | ||||||||||||||||||||||
Outstanding — January 1, 2016 | 4,323 | 10,778 | $ | 11.94 | 7.96 | $ | 156,262 | 6,417 | $ | 19.54 | ||||||||||||
Increase in authorized shares | 5,716 | |||||||||||||||||||||
Stock options granted | (1,158 | ) | 1,158 | 22.97 | ||||||||||||||||||
RSUs granted | (3,388 | ) | 3,388 | 19.51 | ||||||||||||||||||
Stock options exercised | (1,339 | ) | 7.01 | |||||||||||||||||||
RSUs vested | (1,472 | ) | 17.91 | |||||||||||||||||||
Stock options forfeited or canceled | 148 | (148 | ) | 18.74 | ||||||||||||||||||
RSUs forfeited or cancelled | 281 | (281 | ) | 20.37 | ||||||||||||||||||
Outstanding — June 30, 2016 | 5,922 | 10,449 | $ | 13.70 | 7.84 | $ | 132,494 | 8,052 | $ | 19.80 |
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Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
United States | $ | 40,068 | $ | 26,854 | $ | 77,635 | $ | 49,706 | |||||||
EMEA | 20,776 | 13,461 | 39,607 | 26,037 | |||||||||||
Other | 13,356 | 7,912 | 25,417 | 14,718 | |||||||||||
Total | $ | 74,200 | $ | 48,227 | $ | 142,659 | $ | 90,461 |
As of June 30, 2016 | As of December 31, 2015 | ||||||
United States | $ | 24,827 | $ | 26,696 | |||
EMEA | 10,591 | 10,351 | |||||
APAC | 5,880 | 5,332 | |||||
Total | $ | 41,298 | $ | 42,379 |
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