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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 September 30, 2016 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 118,443 | $ | 118,443 | |||||
Asset-backed securities | — | 28,458 | 28,458 | ||||||||
U.S. treasury securities | — | 28,256 | 28,256 | ||||||||
Commercial paper | — | 19,239 | 19,239 | ||||||||
Agency securities | — | 10,501 | 10,501 | ||||||||
Money market funds | 4,841 | — | 4,841 | ||||||||
Total | $ | 4,841 | $ | 204,897 | $ | 209,738 | |||||
Included in cash and cash equivalents | $ | 4,841 | |||||||||
Included in marketable securities | $ | 204,897 |
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 |
September 30, 2016 | December 31, 2015 | ||||||
Due in one year or less | $ | 133,758 | $ | 29,414 | |||
Due after one year | 71,139 | 22,336 | |||||
Total | $ | 204,897 | $ | 51,750 |
September 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 | $ | 1,215 | Accrued liabilities | $ | 1,688 | |||||
Foreign currency forward contracts | Other assets | 79 | Other liabilities | 330 | |||||||
Total | $ | 1,294 | $ | 2,018 |
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 September 30, 2016 | Nine Months Ended September 30, 2016 | ||||||||||||||||
Hedging Instrument | Location of Loss Reclassified into Earnings | Gain Recognized in AOCI | Loss 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 | $ | 207 | $ | (209 | ) | $ | (218 | ) | $ | (357 | ) | |||||
Total | $ | 207 | $ | (209 | ) | $ | (218 | ) | $ | (357 | ) |
Three Months Ended September 30, 2015 | Nine Months Ended September 30, 2015 | ||||||||||||||||
Hedging Instrument | Location of Gain (Loss) Reclassified into Earnings | Loss Recognized in AOCI | Gain (Loss) Reclassified from AOCI into Earnings | Loss Recognized in AOCI | Gain(Loss) Reclassified from AOCI into Earnings | ||||||||||||
Foreign currency forward contracts | Revenue, cost of revenue, operating expenses | $ | (101 | ) | $ | — | $ | (101 | ) | $ | — | ||||||
Total | $ | (101 | ) | $ | — | $ | (101 | ) | $ | — |
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September 30, 2016 | December 31, 2015 | ||||||
Hosting equipment | $ | 31,514 | $ | 26,920 | |||
Capitalized internal-use software | 25,277 | 22,418 | |||||
Leasehold improvements | 23,167 | 19,577 | |||||
Computer equipment and software | 10,735 | 7,682 | |||||
Furniture and fixtures | 6,988 | 5,739 | |||||
Construction in progress | 5,937 | 4,157 | |||||
Total | 103,618 | 86,493 | |||||
Less: accumulated depreciation and amortization | (46,111 | ) | (29,953 | ) | |||
Property and equipment, net | $ | 57,507 | $ | 56,540 |
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Balance as of December 31, 2015 | $ | 45,346 | |
Goodwill adjustments | 166 | ||
Foreign currency translation adjustments | 359 | ||
Balance as of September 30, 2016 | $ | 45,871 |
As of September 30, 2016 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (5,717 | ) | $ | (135 | ) | $ | 8,148 | 3.1 | ||||||
Customer relationships | 1,800 | (934 | ) | (38 | ) | 828 | 2.4 | ||||||||||
$ | 15,800 | $ | (6,651 | ) | $ | (173 | ) | $ | 8,976 |
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 | $ | 936 | |
2017 | 3,330 | ||
2018 | 2,131 | ||
2019 | 2,067 | ||
2020 | 512 | ||
$ | 8,976 |
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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 | (1,363 | ) | 1,363 | 23.82 | ||||||||||||||||||
RSUs granted | (3,719 | ) | 3,719 | 20.41 | ||||||||||||||||||
Stock options exercised | (2,275 | ) | 8.75 | |||||||||||||||||||
RSUs vested | (2,080 | ) | 18.42 | |||||||||||||||||||
Unvested shares repurchased | 38 | |||||||||||||||||||||
Stock options forfeited or canceled | 334 | (334 | ) | 16.70 | ||||||||||||||||||
RSUs forfeited or cancelled | 491 | (491 | ) | 20.42 | ||||||||||||||||||
Outstanding — September 30, 2016 | 5,820 | 9,532 | $ | 14.23 | 7.69 | $ | 157,057 | 7,565 | $ | 20.22 |
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Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
United States | $ | 43,587 | $ | 31,388 | $ | 121,222 | $ | 81,094 | |||||||
EMEA | 22,601 | 15,397 | 62,208 | 41,434 | |||||||||||
Other | 14,529 | 8,876 | 39,946 | 23,594 | |||||||||||
Total | $ | 80,717 | $ | 55,661 | $ | 223,376 | $ | 146,122 |
As of September 30, 2016 | As of December 31, 2015 | ||||||
United States | $ | 24,637 | $ | 26,696 | |||
EMEA | 10,420 | 10,351 | |||||
APAC | 7,460 | 5,332 | |||||
Total | $ | 42,517 | $ | 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 September 30, 2016 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 118,443 | $ | 118,443 | |||||
Asset-backed securities | — | 28,458 | 28,458 | ||||||||
U.S. treasury securities | — | 28,256 | 28,256 | ||||||||
Commercial paper | — | 19,239 | 19,239 | ||||||||
Agency securities | — | 10,501 | 10,501 | ||||||||
Money market funds | 4,841 | — | 4,841 | ||||||||
Total | $ | 4,841 | $ | 204,897 | $ | 209,738 | |||||
Included in cash and cash equivalents | $ | 4,841 | |||||||||
Included in marketable securities | $ | 204,897 |
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 |
September 30, 2016 | December 31, 2015 | ||||||
Due in one year or less | $ | 133,758 | $ | 29,414 | |||
Due after one year | 71,139 | 22,336 | |||||
Total | $ | 204,897 | $ | 51,750 |
September 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 | $ | 1,215 | Accrued liabilities | $ | 1,688 | |||||
Foreign currency forward contracts | Other assets | 79 | Other liabilities | 330 | |||||||
Total | $ | 1,294 | $ | 2,018 |
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 September 30, 2016 | Nine Months Ended September 30, 2016 | ||||||||||||||||
Hedging Instrument | Location of Loss Reclassified into Earnings | Gain Recognized in AOCI | Loss 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 | $ | 207 | $ | (209 | ) | $ | (218 | ) | $ | (357 | ) | |||||
Total | $ | 207 | $ | (209 | ) | $ | (218 | ) | $ | (357 | ) |
Three Months Ended September 30, 2015 | Nine Months Ended September 30, 2015 | ||||||||||||||||
Hedging Instrument | Location of Gain (Loss) Reclassified into Earnings | Loss Recognized in AOCI | Gain (Loss) Reclassified from AOCI into Earnings | Loss Recognized in AOCI | Gain(Loss) Reclassified from AOCI into Earnings | ||||||||||||
Foreign currency forward contracts | Revenue, cost of revenue, operating expenses | $ | (101 | ) | $ | — | $ | (101 | ) | $ | — | ||||||
Total | $ | (101 | ) | $ | — | $ | (101 | ) | $ | — |
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September 30, 2016 | December 31, 2015 | ||||||
Hosting equipment | $ | 31,514 | $ | 26,920 | |||
Capitalized internal-use software | 25,277 | 22,418 | |||||
Leasehold improvements | 23,167 | 19,577 | |||||
Computer equipment and software | 10,735 | 7,682 | |||||
Furniture and fixtures | 6,988 | 5,739 | |||||
Construction in progress | 5,937 | 4,157 | |||||
Total | 103,618 | 86,493 | |||||
Less: accumulated depreciation and amortization | (46,111 | ) | (29,953 | ) | |||
Property and equipment, net | $ | 57,507 | $ | 56,540 |
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Balance as of December 31, 2015 | $ | 45,346 | |
Goodwill adjustments | 166 | ||
Foreign currency translation adjustments | 359 | ||
Balance as of September 30, 2016 | $ | 45,871 |
As of September 30, 2016 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 14,000 | $ | (5,717 | ) | $ | (135 | ) | $ | 8,148 | 3.1 | ||||||
Customer relationships | 1,800 | (934 | ) | (38 | ) | 828 | 2.4 | ||||||||||
$ | 15,800 | $ | (6,651 | ) | $ | (173 | ) | $ | 8,976 |
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 | $ | 936 | |
2017 | 3,330 | ||
2018 | 2,131 | ||
2019 | 2,067 | ||
2020 | 512 | ||
$ | 8,976 |
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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 | (1,363 | ) | 1,363 | 23.82 | ||||||||||||||||||
RSUs granted | (3,719 | ) | 3,719 | 20.41 | ||||||||||||||||||
Stock options exercised | (2,275 | ) | 8.75 | |||||||||||||||||||
RSUs vested | (2,080 | ) | 18.42 | |||||||||||||||||||
Unvested shares repurchased | 38 | |||||||||||||||||||||
Stock options forfeited or canceled | 334 | (334 | ) | 16.70 | ||||||||||||||||||
RSUs forfeited or cancelled | 491 | (491 | ) | 20.42 | ||||||||||||||||||
Outstanding — September 30, 2016 | 5,820 | 9,532 | $ | 14.23 | 7.69 | $ | 157,057 | 7,565 | $ | 20.22 |
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Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
United States | $ | 43,587 | $ | 31,388 | $ | 121,222 | $ | 81,094 | |||||||
EMEA | 22,601 | 15,397 | 62,208 | 41,434 | |||||||||||
Other | 14,529 | 8,876 | 39,946 | 23,594 | |||||||||||
Total | $ | 80,717 | $ | 55,661 | $ | 223,376 | $ | 146,122 |
As of September 30, 2016 | As of December 31, 2015 | ||||||
United States | $ | 24,637 | $ | 26,696 | |||
EMEA | 10,420 | 10,351 | |||||
APAC | 7,460 | 5,332 | |||||
Total | $ | 42,517 | $ | 42,379 |
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