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Net tangible assets acquired | $ | 96 | |
Net deferred tax liability recognized | (492 | ) | |
Identifiable intangible assets: | |||
Developed technology | 3,200 | ||
Customer relationships | 410 | ||
Goodwill | 13,350 | ||
Total purchase price | $ | 16,564 |
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Fair Value Measurement at September 30, 2017 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 152,888 | 152,888 | ||||||
U.S. treasury securities | — | 28,434 | 28,434 | ||||||||
Asset-backed securities | — | 24,471 | 24,471 | ||||||||
Commercial paper | — | 15,397 | 15,397 | ||||||||
Money market funds | 12,354 | — | 12,354 | ||||||||
Agency securities | — | 8,532 | 8,532 | ||||||||
Total | $ | 12,354 | $ | 229,722 | $ | 242,076 | |||||
Included in cash and cash equivalents | $ | 17,854 | |||||||||
Included in marketable securities | $ | 224,222 |
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 |
September 30, 2017 | December 31, 2016 | ||||||
Due in one year or less | $ | 133,959 | $ | 131,190 | |||
Due after one year | 90,263 | 75,168 | |||||
Total | $ | 224,222 | $ | 206,358 |
September 30, 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 | $ | 2,459 | Accrued liabilities | $ | 1,873 | |||||
Total | $ | 2,459 | $ | 1,873 |
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 September 30, 2017 | Nine Months Ended September 30, 2017 | ||||||||||||||||
Hedging Instrument | Location of Gain (Loss) Reclassified into Earnings | Gain Recognized in AOCI | Gain 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 | $ | 629 | $ | 285 | $ | 3,117 | $ | (575 | ) | |||||||
Total | $ | 629 | $ | 285 | $ | 3,117 | $ | (575 | ) |
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 | ) |
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September 30, 2017 | December 31, 2016 | ||||||
Hosting equipment | $ | 37,423 | $ | 35,018 | |||
Capitalized internal-use software | 30,449 | 25,773 | |||||
Leasehold improvements | 28,117 | 25,396 | |||||
Computer equipment and licensed software and patents | 15,122 | 11,879 | |||||
Furniture and fixtures | 9,496 | 8,014 | |||||
Construction in progress | 7,070 | 7,993 | |||||
Total | 127,677 | 114,073 | |||||
Less: accumulated depreciation and amortization | (68,077 | ) | (51,342 | ) | |||
Property and equipment, net | $ | 59,600 | $ | 62,731 |
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Balance as of December 31, 2016 | $ | 45,347 | |
Goodwill acquired | 13,350 | ||
Foreign currency translation adjustments | 434 | ||
Balance as of September 30, 2017 | $ | 59,131 |
As of September 30, 2017 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Weighted Average Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 17,200 | $ | (9,225 | ) | $ | (93 | ) | $ | 7,882 | 3.9 | ||||||
Customer relationships | 2,210 | (1,414 | ) | (30 | ) | 766 | 2.4 | ||||||||||
$ | 19,410 | $ | (10,639 | ) | $ | (123 | ) | $ | 8,648 |
As of December 31, 2016 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Weighted Average 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 | $ | 741 | |
2018 | 2,735 | ||
2019 | 2,676 | ||
2020 | 1,102 | ||
2021 | 492 | ||
Thereafter | 902 | ||
$ | 8,648 |
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Total | Less than 1 Year | 1 to 3 Years | 3 to 5 Years | More than 5 Years | |||||||||||||||
Operating lease obligations | $ | 76,909 | $ | 1,477 | $ | 18,131 | $ | 19,409 | $ | 37,892 | |||||||||
Purchase obligations | $ | 15,559 | 8,392 | 7,167 | — | — |
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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 | (998 | ) | 998 | 27.03 | ||||||||||||||||||
RSUs granted | (3,068 | ) | 3,068 | 27.69 | ||||||||||||||||||
Stock options exercised | (1,771 | ) | 10.47 | |||||||||||||||||||
RSUs vested | (2,343 | ) | 20.11 | |||||||||||||||||||
Stock options forfeited or canceled | 288 | (288 | ) | 23.81 | ||||||||||||||||||
RSUs forfeited or canceled | 995 | (995 | ) | 22.11 | ||||||||||||||||||
RSUs forfeited or canceled and unavailable for grant | (202 | ) | 23.44 | |||||||||||||||||||
Stock options forfeited or canceled and unavailable for grant | (200 | ) | 23.44 | |||||||||||||||||||
Outstanding — September 30, 2017 | 8,089 | 7,218 | $ | 16.63 | 7.21 | $ | 90,199 | 6,464 | $ | 24.05 |
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Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||
United States | $ | 59,455 | $ | 43,587 | $ | 163,971 | $ | 121,222 | |||||||
EMEA | 32,447 | 22,601 | 87,338 | 62,208 | |||||||||||
Other | 20,884 | 14,529 | 55,757 | 39,946 | |||||||||||
Total | $ | 112,786 | $ | 80,717 | $ | 307,066 | $ | 223,376 |
As of September 30, 2017 | As of December 31, 2016 | ||||||
United States | $ | 25,395 | $ | 26,372 | |||
EMEA: | |||||||
Republic of Ireland | 4,788 | 5,703 | |||||
Other EMEA | 5,423 | 6,834 | |||||
Total EMEA | 10,211 | 12,537 | |||||
APAC | 7,486 | 8,357 | |||||
Total | $ | 43,092 | $ | 47,266 |
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Net tangible assets acquired | $ | 96 | |
Net deferred tax liability recognized | (492 | ) | |
Identifiable intangible assets: | |||
Developed technology | 3,200 | ||
Customer relationships | 410 | ||
Goodwill | 13,350 | ||
Total purchase price | $ | 16,564 |
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Fair Value Measurement at September 30, 2017 | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Description | |||||||||||
Corporate bonds | $ | — | $ | 152,888 | 152,888 | ||||||
U.S. treasury securities | — | 28,434 | 28,434 | ||||||||
Asset-backed securities | — | 24,471 | 24,471 | ||||||||
Commercial paper | — | 15,397 | 15,397 | ||||||||
Money market funds | 12,354 | — | 12,354 | ||||||||
Agency securities | — | 8,532 | 8,532 | ||||||||
Total | $ | 12,354 | $ | 229,722 | $ | 242,076 | |||||
Included in cash and cash equivalents | $ | 17,854 | |||||||||
Included in marketable securities | $ | 224,222 |
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 |
September 30, 2017 | December 31, 2016 | ||||||
Due in one year or less | $ | 133,959 | $ | 131,190 | |||
Due after one year | 90,263 | 75,168 | |||||
Total | $ | 224,222 | $ | 206,358 |
September 30, 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 | $ | 2,459 | Accrued liabilities | $ | 1,873 | |||||
Total | $ | 2,459 | $ | 1,873 |
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 September 30, 2017 | Nine Months Ended September 30, 2017 | ||||||||||||||||
Hedging Instrument | Location of Gain (Loss) Reclassified into Earnings | Gain Recognized in AOCI | Gain 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 | $ | 629 | $ | 285 | $ | 3,117 | $ | (575 | ) | |||||||
Total | $ | 629 | $ | 285 | $ | 3,117 | $ | (575 | ) |
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 | ) |
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September 30, 2017 | December 31, 2016 | ||||||
Hosting equipment | $ | 37,423 | $ | 35,018 | |||
Capitalized internal-use software | 30,449 | 25,773 | |||||
Leasehold improvements | 28,117 | 25,396 | |||||
Computer equipment and licensed software and patents | 15,122 | 11,879 | |||||
Furniture and fixtures | 9,496 | 8,014 | |||||
Construction in progress | 7,070 | 7,993 | |||||
Total | 127,677 | 114,073 | |||||
Less: accumulated depreciation and amortization | (68,077 | ) | (51,342 | ) | |||
Property and equipment, net | $ | 59,600 | $ | 62,731 |
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Balance as of December 31, 2016 | $ | 45,347 | |
Goodwill acquired | 13,350 | ||
Foreign currency translation adjustments | 434 | ||
Balance as of September 30, 2017 | $ | 59,131 |
As of September 30, 2017 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Weighted Average Remaining Useful Life | |||||||||||||
(In years) | |||||||||||||||||
Developed technology | $ | 17,200 | $ | (9,225 | ) | $ | (93 | ) | $ | 7,882 | 3.9 | ||||||
Customer relationships | 2,210 | (1,414 | ) | (30 | ) | 766 | 2.4 | ||||||||||
$ | 19,410 | $ | (10,639 | ) | $ | (123 | ) | $ | 8,648 |
As of December 31, 2016 | |||||||||||||||||
Cost | Accumulated Amortization | Foreign Currency Translation Adjustments | Net | Weighted Average 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 | $ | 741 | |
2018 | 2,735 | ||
2019 | 2,676 | ||
2020 | 1,102 | ||
2021 | 492 | ||
Thereafter | 902 | ||
$ | 8,648 |
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Total | Less than 1 Year | 1 to 3 Years | 3 to 5 Years | More than 5 Years | |||||||||||||||
Operating lease obligations | $ | 76,909 | $ | 1,477 | $ | 18,131 | $ | 19,409 | $ | 37,892 | |||||||||
Purchase obligations | $ | 15,559 | 8,392 | 7,167 | — | — |
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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 | (998 | ) | 998 | 27.03 | ||||||||||||||||||
RSUs granted | (3,068 | ) | 3,068 | 27.69 | ||||||||||||||||||
Stock options exercised | (1,771 | ) | 10.47 | |||||||||||||||||||
RSUs vested | (2,343 | ) | 20.11 | |||||||||||||||||||
Stock options forfeited or canceled | 288 | (288 | ) | 23.81 | ||||||||||||||||||
RSUs forfeited or canceled | 995 | (995 | ) | 22.11 | ||||||||||||||||||
RSUs forfeited or canceled and unavailable for grant | (202 | ) | 23.44 | |||||||||||||||||||
Stock options forfeited or canceled and unavailable for grant | (200 | ) | 23.44 | |||||||||||||||||||
Outstanding — September 30, 2017 | 8,089 | 7,218 | $ | 16.63 | 7.21 | $ | 90,199 | 6,464 | $ | 24.05 |
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Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||
United States | $ | 59,455 | $ | 43,587 | $ | 163,971 | $ | 121,222 | |||||||
EMEA | 32,447 | 22,601 | 87,338 | 62,208 | |||||||||||
Other | 20,884 | 14,529 | 55,757 | 39,946 | |||||||||||
Total | $ | 112,786 | $ | 80,717 | $ | 307,066 | $ | 223,376 |
As of September 30, 2017 | As of December 31, 2016 | ||||||
United States | $ | 25,395 | $ | 26,372 | |||
EMEA: | |||||||
Republic of Ireland | 4,788 | 5,703 | |||||
Other EMEA | 5,423 | 6,834 | |||||
Total EMEA | 10,211 | 12,537 | |||||
APAC | 7,486 | 8,357 | |||||
Total | $ | 43,092 | $ | 47,266 |
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