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Fair Value Measurement at March 31, 2017 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 131,527 | $ | 131,527 | |||||
U.S. treasury securities | 30,564 | 30,564 | |||||||||
Asset-backed securities | — | 30,399 | 30,399 | ||||||||
Agency securities | 8,485 | 8,485 | |||||||||
Commercial paper | — | 5,785 | 5,785 | ||||||||
Money market funds | 3,825 | — | 3,825 | ||||||||
Total | $ | 3,825 | $ | 206,760 | $ | 210,585 | |||||
Included in cash and cash equivalents | $ | 3,825 | |||||||||
Included in marketable securities | $ | 206,760 |
Fair Value Measurement at December 31, 2016 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 124,930 | $ | 124,930 | |||||
Asset-backed securities | 32,567 | 32,567 | |||||||||
U.S. treasury securities | 30,585 | 30,585 | |||||||||
Commercial paper | 9,787 | 9,787 | |||||||||
Agency securities | 8,489 | 8,489 | |||||||||
Money market funds | 3,545 | $ | — | $ | 3,545 | ||||||
Total | $ | 3,545 | $ | 206,358 | $ | 209,903 | |||||
Included in cash and cash equivalents | $ | 3,545 | |||||||||
Included in marketable securities | $ | 206,358 |
March 31, 2017 | December 31, 2016 | ||||||
Due in one year or less | $ | 138,440 | $ | 131,190 | |||
Due after one year | 68,320 | 75,168 | |||||
Total | $ | 206,760 | $ | 206,358 |
March 31, 2017 | |||||||||||
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 | $ | 729 | Accrued liabilities | $ | 2,740 | |||||
Total | $ | 729 | $ | 2,740 |
December 31, 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 | $ | 868 | Accrued liabilities | $ | 4,280 | |||||
Total | $ | 868 | $ | 4,280 |
Three Months Ended March 31, 2017 | Three Months Ended March 31, 2016 | ||||||||||||||||
Hedging Instrument | Location of Loss Reclassified into Earnings | Gain Recognized in AOCI | Loss Reclassified from AOCI into Earnings | Gain Recognized in AOCI | Loss Reclassified from AOCI into Earnings | ||||||||||||
Foreign currency forward contracts | Revenue, cost of revenue, operating expenses | $ | 993 | $ | (533 | ) | $ | 2,348 | $ | (262 | ) | ||||||
Total | $ | 993 | $ | (533 | ) | $ | 2,348 | $ | (262 | ) |
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March 31, 2017 | December 31, 2016 | ||||||
Hosting equipment | $ | 36,410 | $ | 35,018 | |||
Leasehold improvements | 26,727 | 25,396 | |||||
Capitalized internal-use software | 26,553 | 25,773 | |||||
Computer equipment and software | 12,766 | 11,879 | |||||
Furniture and fixtures | 8,752 | 8,014 | |||||
Construction in progress | 7,168 | 7,993 | |||||
Total | 118,376 | 114,073 | |||||
Less: accumulated depreciation and amortization | (57,534 | ) | (51,342 | ) | |||
Property and equipment, net | $ | 60,842 | $ | 62,731 |
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Balance as of December 31, 2016 | $ | 45,347 | |
Foreign currency translation adjustments | 297 | ||
Balance as of March 31, 2017 | $ | 45,644 |
As of March 31, 2017 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (7,433 | ) | $ | (122 | ) | $ | 6,445 | 2.8 | ||||||
Customer relationships | 1,800 | (1,151 | ) | (39 | ) | 610 | 2.1 | ||||||||||
$ | 15,800 | $ | (8,584 | ) | $ | (161 | ) | $ | 7,055 |
As of December 31, 2016 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (6,584 | ) | $ | (169 | ) | $ | 7,247 | 2.9 | ||||||
Customer relationships | 1,800 | (1,044 | ) | (53 | ) | 703 | 2.3 | ||||||||||
$ | 15,800 | $ | (7,628 | ) | $ | (222 | ) | $ | 7,950 |
Remainder of 2017 | $ | 2,349 | |
2018 | 2,128 | ||
2019 | 2,066 | ||
2020 | 512 | ||
$ | 7,055 |
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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, 2017 | 6,039 | 8,479 | $ | 14.52 | 7.49 | $ | 66,449 | 6,936 | $ | 20.81 | ||||||||||||
Increase in authorized shares | 4,833 | |||||||||||||||||||||
Stock options granted | (170 | ) | 170 | 24.51 | ||||||||||||||||||
RSUs granted | (892 | ) | 892 | 24.64 | ||||||||||||||||||
Stock options exercised | (1,114 | ) | 10.49 | |||||||||||||||||||
RSUs vested | (930 | ) | 17.34 | |||||||||||||||||||
Stock options forfeited or canceled | 156 | (156 | ) | 23.33 | ||||||||||||||||||
RSUs forfeited or canceled | 381 | (381 | ) | 22.29 | ||||||||||||||||||
Outstanding — March 31, 2017 | 10,347 | 7,379 | $ | 15.17 | 7.39 | $ | 95,123 | 6,517 | $ | 21.74 |
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Three Months Ended March 31, | |||||||
2017 | 2016 | ||||||
United States | $ | 50,224 | $ | 37,567 | |||
EMEA | 26,042 | 18,831 | |||||
Other | 16,741 | 12,061 | |||||
Total | $ | 93,007 | $ | 68,459 |
As of March 31, 2017 | As of December 31, 2016 | ||||||
United States | $ | 24,964 | $ | 26,372 | |||
EMEA: | |||||||
Republic of Ireland | 5,317 | 5,703 | |||||
Other EMEA | 6,375 | 6,834 | |||||
Total EMEA | 11,692 | 12,537 | |||||
APAC | 8,449 | 8,357 | |||||
Total | $ | 45,105 | $ | 47,266 |
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Fair Value Measurement at March 31, 2017 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 131,527 | $ | 131,527 | |||||
U.S. treasury securities | 30,564 | 30,564 | |||||||||
Asset-backed securities | — | 30,399 | 30,399 | ||||||||
Agency securities | 8,485 | 8,485 | |||||||||
Commercial paper | — | 5,785 | 5,785 | ||||||||
Money market funds | 3,825 | — | 3,825 | ||||||||
Total | $ | 3,825 | $ | 206,760 | $ | 210,585 | |||||
Included in cash and cash equivalents | $ | 3,825 | |||||||||
Included in marketable securities | $ | 206,760 |
Fair Value Measurement at December 31, 2016 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 124,930 | $ | 124,930 | |||||
Asset-backed securities | 32,567 | 32,567 | |||||||||
U.S. treasury securities | 30,585 | 30,585 | |||||||||
Commercial paper | 9,787 | 9,787 | |||||||||
Agency securities | 8,489 | 8,489 | |||||||||
Money market funds | 3,545 | $ | — | $ | 3,545 | ||||||
Total | $ | 3,545 | $ | 206,358 | $ | 209,903 | |||||
Included in cash and cash equivalents | $ | 3,545 | |||||||||
Included in marketable securities | $ | 206,358 |
March 31, 2017 | December 31, 2016 | ||||||
Due in one year or less | $ | 138,440 | $ | 131,190 | |||
Due after one year | 68,320 | 75,168 | |||||
Total | $ | 206,760 | $ | 206,358 |
March 31, 2017 | |||||||||||
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 | $ | 729 | Accrued liabilities | $ | 2,740 | |||||
Total | $ | 729 | $ | 2,740 |
December 31, 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 | $ | 868 | Accrued liabilities | $ | 4,280 | |||||
Total | $ | 868 | $ | 4,280 |
Three Months Ended March 31, 2017 | Three Months Ended March 31, 2016 | ||||||||||||||||
Hedging Instrument | Location of Loss Reclassified into Earnings | Gain Recognized in AOCI | Loss Reclassified from AOCI into Earnings | Gain Recognized in AOCI | Loss Reclassified from AOCI into Earnings | ||||||||||||
Foreign currency forward contracts | Revenue, cost of revenue, operating expenses | $ | 993 | $ | (533 | ) | $ | 2,348 | $ | (262 | ) | ||||||
Total | $ | 993 | $ | (533 | ) | $ | 2,348 | $ | (262 | ) |
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March 31, 2017 | December 31, 2016 | ||||||
Hosting equipment | $ | 36,410 | $ | 35,018 | |||
Leasehold improvements | 26,727 | 25,396 | |||||
Capitalized internal-use software | 26,553 | 25,773 | |||||
Computer equipment and software | 12,766 | 11,879 | |||||
Furniture and fixtures | 8,752 | 8,014 | |||||
Construction in progress | 7,168 | 7,993 | |||||
Total | 118,376 | 114,073 | |||||
Less: accumulated depreciation and amortization | (57,534 | ) | (51,342 | ) | |||
Property and equipment, net | $ | 60,842 | $ | 62,731 |
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Balance as of December 31, 2016 | $ | 45,347 | |
Foreign currency translation adjustments | 297 | ||
Balance as of March 31, 2017 | $ | 45,644 |
As of March 31, 2017 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (7,433 | ) | $ | (122 | ) | $ | 6,445 | 2.8 | ||||||
Customer relationships | 1,800 | (1,151 | ) | (39 | ) | 610 | 2.1 | ||||||||||
$ | 15,800 | $ | (8,584 | ) | $ | (161 | ) | $ | 7,055 |
As of December 31, 2016 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (6,584 | ) | $ | (169 | ) | $ | 7,247 | 2.9 | ||||||
Customer relationships | 1,800 | (1,044 | ) | (53 | ) | 703 | 2.3 | ||||||||||
$ | 15,800 | $ | (7,628 | ) | $ | (222 | ) | $ | 7,950 |
Remainder of 2017 | $ | 2,349 | |
2018 | 2,128 | ||
2019 | 2,066 | ||
2020 | 512 | ||
$ | 7,055 |
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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, 2017 | 6,039 | 8,479 | $ | 14.52 | 7.49 | $ | 66,449 | 6,936 | $ | 20.81 | ||||||||||||
Increase in authorized shares | 4,833 | |||||||||||||||||||||
Stock options granted | (170 | ) | 170 | 24.51 | ||||||||||||||||||
RSUs granted | (892 | ) | 892 | 24.64 | ||||||||||||||||||
Stock options exercised | (1,114 | ) | 10.49 | |||||||||||||||||||
RSUs vested | (930 | ) | 17.34 | |||||||||||||||||||
Stock options forfeited or canceled | 156 | (156 | ) | 23.33 | ||||||||||||||||||
RSUs forfeited or canceled | 381 | (381 | ) | 22.29 | ||||||||||||||||||
Outstanding — March 31, 2017 | 10,347 | 7,379 | $ | 15.17 | 7.39 | $ | 95,123 | 6,517 | $ | 21.74 |
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Three Months Ended March 31, | |||||||
2017 | 2016 | ||||||
United States | $ | 50,224 | $ | 37,567 | |||
EMEA | 26,042 | 18,831 | |||||
Other | 16,741 | 12,061 | |||||
Total | $ | 93,007 | $ | 68,459 |
As of March 31, 2017 | As of December 31, 2016 | ||||||
United States | $ | 24,964 | $ | 26,372 | |||
EMEA: | |||||||
Republic of Ireland | 5,317 | 5,703 | |||||
Other EMEA | 6,375 | 6,834 | |||||
Total EMEA | 11,692 | 12,537 | |||||
APAC | 8,449 | 8,357 | |||||
Total | $ | 45,105 | $ | 47,266 |
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