Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Jun. 30, 2016 | Jul. 29, 2016 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | MODN | |
Entity Registrant Name | MODEL N, INC. | |
Entity Central Index Key | 1,118,417 | |
Current Fiscal Year End Date | --09-30 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 27,667,351 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2016 | Sep. 30, 2015 |
Current assets: | ||
Cash and cash equivalents | $ 70,125 | $ 91,019 |
Accounts receivable, net of allowance for doubtful accounts of $0 as of June 30, 2016 and September 30, 2015 | 19,782 | 16,106 |
Deferred cost of implementation services, current portion | 1,465 | 498 |
Prepaid expenses | 4,345 | 3,229 |
Other current assets | 331 | 109 |
Total current assets | 96,048 | 110,961 |
Property and equipment, net | 6,638 | 7,553 |
Goodwill | 6,939 | 1,509 |
Intangible assets, net | 6,067 | 317 |
Other assets | 1,409 | 1,630 |
Total assets | 117,101 | 121,970 |
Current liabilities: | ||
Accounts payable | 2,333 | 1,597 |
Accrued employee compensation | 8,372 | 9,047 |
Accrued liabilities | 5,309 | 3,464 |
Deferred revenue, current portion | 30,592 | 22,039 |
Total current liabilities | 46,606 | 36,147 |
Deferred revenue, net of current portion | 1,444 | 1,942 |
Other long-term liabilities | 644 | 819 |
Total liabilities | 48,694 | 38,908 |
Commitments and contingencies | ||
Stockholders' equity: | ||
Common Stock, $0.00015 par value; 200,000 shares authorized; 27,662 and 26,666 shares issued and outstanding at June 30, 2016 and September 30, 2015, respectively | 4 | 4 |
Preferred Stock, $0.00015 par value; 5,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Additional paid-in capital | 196,980 | 186,159 |
Accumulated other comprehensive loss | (587) | (466) |
Accumulated deficit | (127,990) | (102,635) |
Total stockholders' equity | 68,407 | 83,062 |
Total liabilities and stockholders' equity | $ 117,101 | $ 121,970 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2016 | Sep. 30, 2015 |
Statement Of Financial Position [Abstract] | ||
Accounts receivable, allowance for doubtful accounts | $ 0 | $ 0 |
Common Stock, par value | $ 0.00015 | $ 0.00015 |
Common Stock, shares authorized | 200,000,000 | 200,000,000 |
Common Stock, shares issued | 27,662,000 | 26,666,000 |
Common Stock, shares outstanding | 27,662,000 | 26,666,000 |
Preferred Stock, par value | $ 0.00015 | $ 0.00015 |
Preferred Stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred Stock, shares issued | 0 | 0 |
Preferred Stock, shares outstanding | 0 | 0 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Revenues: | ||||
License and implementation | $ 5,119 | $ 8,359 | $ 14,504 | $ 27,781 |
SaaS and maintenance | 22,798 | 15,251 | 63,959 | 40,606 |
Total revenues | 27,917 | 23,610 | 78,463 | 68,387 |
Cost of revenues: | ||||
License and implementation | 3,521 | 4,020 | 10,539 | 11,806 |
SaaS and maintenance | 10,330 | 6,928 | 29,580 | 18,228 |
Total cost of revenues | 13,851 | 10,948 | 40,119 | 30,034 |
Gross profit | 14,066 | 12,662 | 38,344 | 38,353 |
Operating expenses: | ||||
Research and development | 6,190 | 4,438 | 17,649 | 13,178 |
Sales and marketing | 7,982 | 7,657 | 23,996 | 22,254 |
General and administrative | 8,409 | 6,267 | 21,773 | 17,145 |
Total operating expenses | 22,581 | 18,362 | 63,418 | 52,577 |
Loss from operations | (8,515) | (5,700) | (25,074) | (14,224) |
Interest income, net | (14) | (28) | (6) | |
Other (income) expenses, net | (22) | 6 | 23 | 59 |
Loss before income taxes | (8,479) | (5,706) | (25,069) | (14,277) |
Provision for income taxes | 167 | 80 | 286 | 407 |
Net loss | $ (8,646) | $ (5,786) | $ (25,355) | $ (14,684) |
Net loss per share attributable to common stockholders: | ||||
Basic and diluted | $ (0.31) | $ (0.22) | $ (0.93) | $ (0.57) |
Weighted average number of shares used in computing net loss per share attributable to common stockholders: | ||||
Basic and diluted | 27,573 | 26,317 | 27,211 | 25,837 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net loss | $ (8,646) | $ (5,786) | $ (25,355) | $ (14,684) |
Other comprehensive (loss) income, net | ||||
Change in foreign currency translation adjustment, net of taxes | (96) | (6) | (121) | (74) |
Total comprehensive loss | $ (8,742) | $ (5,792) | $ (25,476) | $ (14,758) |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Cash flows from operating activities: | ||
Net loss | $ (25,355) | $ (14,684) |
Adjustments to reconcile net loss to net cash used in operating activities | ||
Depreciation and amortization | 4,402 | 2,996 |
Stock-based compensation | 8,787 | 7,412 |
Other non-cash charges | 65 | 187 |
Changes in assets and liabilities: | ||
Accounts receivable | (2,587) | (5,667) |
Prepaid expenses and other assets | (996) | (753) |
Deferred cost of implementation services | (914) | (436) |
Accounts payable | 517 | 2,174 |
Accrued employee compensation | (638) | (73) |
Other accrued and long-term liabilities | 1,862 | 1,278 |
Deferred revenue | 7,087 | 1,723 |
Net cash used in operating activities | (7,770) | (5,843) |
Cash flows from investing activities: | ||
Purchases of property and equipment | (1,629) | (1,748) |
Acquisition of business | (12,615) | |
Capitalization of software development costs | (880) | (1,883) |
Net cash used in investing activities | (15,124) | (3,631) |
Cash flows from financing activities: | ||
Proceeds from exercise of stock options and employee stock purchase plan | 2,035 | 2,300 |
Net cash provided by financing activities | 2,035 | 2,300 |
Effect of exchange rate changes on cash and cash equivalents | (35) | (21) |
Net decrease in cash and cash equivalents | (20,894) | (7,195) |
Cash and cash equivalents | ||
Beginning of period | 91,019 | 101,006 |
End of period | 70,125 | 93,811 |
Non-cash Investing and Financing Activities: | ||
Capitalized stock options in software development costs | $ 0 | $ 109 |
The Company and Significant Acc
The Company and Significant Accounting Policies and Estimates | 9 Months Ended |
Jun. 30, 2016 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
The Company and Significant Accounting Policies and Estimates | 1. The Company and Significant Accounting Policies and Estimates Model N, Inc. (Company) was incorporated in Delaware on December 14, 1999. The Company is a provider of revenue management solutions for the life science and technology industries. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process, which enables them to manage the strategy and execution of pricing, contracting, incentives and rebates. The Company’s corporate headquarters are located in Redwood City, California, with additional offices in the United States, India, the United Kingdom and Switzerland. Fiscal Year The Company’s fiscal year ends on September 30. References to fiscal year 2016, for example, refer to the fiscal year ending September 30, 2016. Basis for Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Annual Report on Form 10-K for the fiscal year ended , 2015. Annual Report on Form 10-K In the opinion of management, the unaudited interim consolidated financial statements include all the normal recurring adjustments necessary to present fairly the condensed consolidated financial statements. The results of operations for the three and nine months ended June 30, 2016 were not necessarily indicative of the operating results for the full fiscal year 2016 or any future periods. The Company’s condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates include revenue recognition, legal contingencies, income taxes, stock-based compensation, software development costs and valuation of intangibles. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors. However, actual results could differ significantly from these estimates. New Accounting Pronouncements In May 2014, the Financial Accounting Standard Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount to which an entity expects to be entitled when products and services are transferred to customers. ASU 2014-09 was originally to be effective for the Company on October 1, 2017. In July 2015, the FASB affirmed a one-year deferral of the effective date of the new revenue standard. The standard will be effective for the Company’s fiscal year beginning October 1, 2018, at which time we may adopt the new standard under either the full retrospective method or the modified retrospective method. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this standard on our consolidated financial statements and has not determined whether the effect will be material. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The new standard eliminates the requirement for an acquirer to retrospectively adjust provisional amounts recorded in a business combination to reflect new information about the facts and circumstances that existed as of the acquisition date and that, if known, would have affected measurement or recognition of amounts initially recognized. As an alternative, the standard requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. It requires that the acquirer record, in the financial statements of the period in which adjustments to provisional amounts are determined, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The new standard is effective prospectively for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of this ASU on the consolidated financial statements. In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance retains the current accounting for lessors and does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. Enhanced disclosures will also be required to give financial statement users the ability to assess the amount, timing and uncertainty of cash flows arising from leases. The guidance will require modified retrospective application at the beginning of the Company’s Company is In March 2016, the Financial Accounting Standards Board (“FASB”) issued guidance related to stock-based compensation, which changes the accounting for and classification of excess tax benefits and minimum tax withholdings on share-based awards. The guidance becomes effective for the Company Company is |
Business Combinations
Business Combinations | 9 Months Ended |
Jun. 30, 2016 | |
Business Combinations [Abstract] | |
Business Combinations | 2. Business Combinations On October 30, 2015, the Company acquired certain assets and liabilities of Channelinsight Inc. (CI), a privately held cloud-based channel data management solution provider. The Company paid a total purchase price of $12.6 million in cash. Pro forma results have not been presented as the Company does not consider the acquisition to be significant. The purchase consideration was allocated to tangible, identifiable intangible assets acquired and liabilities assumed based on their respective fair values as of the acquisition date. This allocation resulted in provisional fair value allocated to intangible assets of $6.8 million and goodwill of $5.4 million. The goodwill is deductible for tax purposes. Intangible assets acquired included developed technology, backlog, patents, trade names and customer relationships, and are being amortized on a straight-line basis over their estimated useful lives of 1 to 10 years. The key factors attributable to the creation of goodwill by the transaction are synergies in skill-sets, operations, customer base and organizational cultures. The results of operations and the provisional fair values of the assets acquired and liabilities assumed have been included in the accompanying unaudited condensed financial statements since the acquisition date. |
Consolidated Balance Sheet Comp
Consolidated Balance Sheet Components | 9 Months Ended |
Jun. 30, 2016 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Consolidated Balance Sheet Components | 3. Consolidated Balance Sheet Components Components of property and equipment, and intangible assets consisted of the following: Property and Equipment As of As of June 30, September 30, 2016 2015 (in thousands) Computer software and equipment $ 9,195 $ 8,383 Furniture and fixtures 962 673 Leasehold improvements 1,200 875 Software development costs 8,254 6,915 Total property and equipment 19,611 16,846 Less: Accumulated depreciation and amortization (13,575 ) (10,353 ) Property and equipment, net 6,036 6,493 Add: Construction in progress 602 1,060 Total property and equipment, net $ 6,638 $ 7,553 Computer equipment acquired under the capital leases is included in property and equipment and consisted of the following: As of As of June 30, September 30, 2016 2015 (in thousands) Computer software and equipment $ 777 $ 793 Less: Accumulated depreciation and amortization (777 ) (791 ) Total computer software and equipment, net $ — $ 2 Depreciation expense including depreciation of assets under capital leases totaled $1.2 million and $1.1 million for the three months ended June 30, 2016 and 2015, respectively, and $3.4 million and $2.8 million for the nine months ended June 30, 2016 and 2015, respectively. Intangible Assets Estimated As of As of Useful Life June 30, September 30, (in Years) 2016 2015 (in thousands) Intangible Assets: Developed technology 4 - 5 years $ 5,313 $ 2,213 Backlog 3- 5 years 280 100 Non-competition agreement 3 years 100 100 Customer relationships 3 -10 years 4,419 1,019 Trade name 1 years 110 — Total intangible assets 10,222 3,432 Less: Accumulated amortization (4,155 ) (3,115 ) Total intangible assets, net $ 6,067 $ 317 The Company recorded amortization expense related to the acquired intangible assets of $0.4 million and $0.1 million for the three months ended June 30, 2016 and 2015, respectively, and $1.0 million and $0.2 million for the nine months ended June 30, 2016 and 2015, respectively. Estimated future amortization expense for the intangible assets as of June 30, 2016 is as follows: 2016 (remaining 3 months) $ 382 2017 1,257 2018 1,175 2019 1,120 2020 and thereafter 2,133 Total future amortization $ 6,067 |
Goodwill
Goodwill | 9 Months Ended |
Jun. 30, 2016 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Goodwill | 4. Goodwill The goodwill balance as of June 30, 2016, was primarily the result of the business combination disclosed in Note 2 of these unaudited condensed consolidated financial statements. The activity for the nine months ended June 30, 2016 consisted of the following: Balance as at September 30, 2015 $ 1,509 Add: Goodwill from acquisition of business 5,430 Balance as at June 30, 2016 $ 6,939 |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 9 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | 5. Fair Value of Financial Instruments The financial instruments of the Company consist primarily of cash and cash equivalents, accounts receivable, accounts payable and certain accrued liabilities Fair value is defined as the exchange price that Level 1— Unadjusted in active markets for identical assets or liabilities; Level 2—Input other than quoted prices included in Level 1 that are observable, unadjusted quoted prices in markets that are not active, or other inputs for similar assets and liabilities that are observable or can be corroborated by observable market data; and Level 3—Unobservable inputs that are supported by little or no market activity, which requires the Company to develop its own models and involves some level of management estimation and judgment. The Company’s Level 1 assets consist of U.S. treasury bills and money market funds. These instruments are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The table below sets forth , 2016 Level 1 Level 2 Level 3 Total (in thousands) As of June 30, 2016: Assets: Cash equivalents: Money market fund deposits $ 59,947 $ — $ — $ 59,947 Total $ 59,947 $ — $ — $ 59,947 As of September 30, 2015: Assets: Cash equivalents: Money market fund deposits $ 45,516 $ — $ — $ 45,516 U.S. treasury bills 35,000 — — 35,000 Total $ 80,516 $ — $ — $ 80,516 The Company’s cash equivalents as of June 30 and September 30, 2015 consisted of money market funds and treasury bills with original maturity dates of less than three months from the date of their respective purchase. Cash equivalents are classified as Level 1. The fair value of the Company’s money market funds approximated amortized cost and, as such, there were no unrealized gains or losses on money market funds as of June 30 and September 30, 2015. As of June 30 and September 30, 2015, amounts of $10.2 million and $10.5 million, respectively, were held in bank deposits. |
Stock-Based Compensation
Stock-Based Compensation | 9 Months Ended |
Jun. 30, 2016 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Stock-Based Compensation | 6. Stock-based Compensation As of June 30, 2016, 3.7 million shares were available for future stock awards under the Company’s equity plans. There were no stock options granted during three months and nine months ended June 30, 2016 and 2015, respectively. The following table summarizes the stock option activity and related information under all equity plans: Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Shares Exercised Contract Value (thousands) Price Term (in Years) (thousands) Balance at September 30, 2015 1,119 $ 6.29 4.68 $ 4,904 Granted — — — Exercised (207 ) 4.08 — Forfeited (12 ) 13.70 — Expired (65 ) 12.70 — Balance at June 30, 2016 835 $ 6.25 3.71 $ 5,935 Options exercisable as of June 30, 2016 823 $ 6.15 3.67 $ 5,931 Options vested and expected to vest as of June 30, 2016 835 $ 6.25 3.71 $ 5,935 The following table summarizes the Company’s restricted stock units activity under all equity plans: Weighted Average Restricted Grant Date Units Fair Value (in thousands) Balance at September 30, 2015 2,302 $ 12.32 Granted 1,872 10.64 Vested (656 ) 10.45 Forfeited (485 ) 11.27 Balance at June 30, 2016 3,033 $ 11.85 Stock-based Compensation Stock-based compensation is as follows: Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 (in thousands) (in thousands) Cost of revenues: License and implementation $ 239 $ 189 $ 659 $ 493 SaaS and maintenance 261 208 745 584 Total stock-based compensation in cost of revenue 500 397 1,404 1,077 Operating expenses: Research and development 401 353 963 947 Sales and marketing 881 899 2,124 2,273 General and administrative 1,847 1,087 4,296 3,115 Total stock-based compensation in operating expense 3,129 2,339 7,383 6,335 Stock-based compensation in operating loss 3,629 2,736 8,787 7,412 Stock-based compensation capitalized as software development cost — — — 109 Total stock-based compensation $ 3,629 $ 2,736 $ 8,787 $ 7,521 |
Income Taxes
Income Taxes | 9 Months Ended |
Jun. 30, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 7. Income Taxes The Company recorded an income tax expense of $167,000 and $80,000, representing effective income tax rates of 2% and 1%, for the three months ended June 30, 2016 and 2015, respectively; and $286,000 and $407,000, representing income rates of 1% and 3%, for the nine months ended June 30, 2016 and 2015, respectively. The Company’s effective income-tax rates during these periods differ from the Company’s federal statutory rate of 34% primarily due to permanent differences for stock-based compensation and the impact of state income taxes and foreign tax rate differences, and the Company realized no benefit for current period losses due to maintaining a full valuation allowance against the U.S. and foreign net deferred tax assets. |
Net Loss Per Share
Net Loss Per Share | 9 Months Ended |
Jun. 30, 2016 | |
Earnings Per Share [Abstract] | |
Net Loss Per Share | 8. Net Loss per Share The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders during the periods presented: Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 (in thousands, except per share data) (in thousands, except per share data) Numerator: Basic and diluted: Net loss attributable to common stockholders $ (8,646 ) $ (5,786 ) $ (25,355 ) $ (14,684 ) Denominator: Basic and diluted: Weighted Average Shares Used in Computing Net Loss per Share Attributable to Common Stockholders 27,573 26,317 27,211 25,837 Net Loss per Share Attributable to Common Stockholders: Basic and diluted $ (0.31 ) $ (0.22 ) $ (0.93 ) $ (0.57 ) The following shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders as the effect would have been anti-dilutive: Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 (in thousands) (in thousands) Stock options 609 1,165 757 1,339 Performance-based restricted stock units and restricted stock units 778 763 627 949 |
Litigation and Contingencies
Litigation and Contingencies | 9 Months Ended |
Jun. 30, 2016 | |
Commitments And Contingencies Disclosure [Abstract] | |
Litigation and Contingencies | 9. Litigation and Contingencies Legal Proceedings On September 5, 2014 and January 22, 2015, purported securities class action lawsuits were filed in the Superior Court of the State of California, County of San Mateo, against the Company, certain of the Company’s current and former directors and executive officers and underwriters of the initial public offering (IPO). The lawsuits were brought by purported stockholders of the Company seeking to represent a class consisting of all those who purchased the Company’s stock pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the IPO. The lawsuits assert claims under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and seek unspecified damages and other relief. On March 2, 2015, the Court entered an order consolidating the two class action lawsuits. On November 4, 2015, all parties reached a mutually acceptable resolution by way of a mediated settlement. The Company does not believe that its portion of the settlement amount will be material to its results of operations. On April 4, 2016, the Superior Court of the State of California, County of San Mateo approved the settlement. |
Geographic Information
Geographic Information | 9 Months Ended |
Jun. 30, 2016 | |
Segment Reporting [Abstract] | |
Geographic Information | 10. Geographic Information The Company has Revenues from External Customers Revenues from customers outside of the United States were 12% and 6% of total revenues for the three months ended June 30, 2016 and 2015, respectively, and 9% and 7% of total revenues for the nine months ended June 30, 2016 and 2015, respectively. Long-Lived Assets The following table sets forth the Company’s property and equipment, net by geographic region: As of As of June 30, September 30, 2016 2015 (in thousands) United States $ 5,232 $ 6,080 India 1,406 1,473 Total property and equipment, net $ 6,638 $ 7,553 |
The Company and Significant A17
The Company and Significant Accounting Policies and Estimates (Policies) | 9 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Basis for Presentation | Basis for Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Annual Report on Form 10-K for the fiscal year ended , 2015. Annual Report on Form 10-K In the opinion of management, the unaudited interim consolidated financial statements include all the normal recurring adjustments necessary to present fairly the condensed consolidated financial statements. The results of operations for the three and nine months ended June 30, 2016 were not necessarily indicative of the operating results for the full fiscal year 2016 or any future periods. The Company’s condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation. |
Use of Estimates | Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates include revenue recognition, legal contingencies, income taxes, stock-based compensation, software development costs and valuation of intangibles. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors. However, actual results could differ significantly from these estimates. |
New Accounting Pronouncements | New Accounting Pronouncements In May 2014, the Financial Accounting Standard Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount to which an entity expects to be entitled when products and services are transferred to customers. ASU 2014-09 was originally to be effective for the Company on October 1, 2017. In July 2015, the FASB affirmed a one-year deferral of the effective date of the new revenue standard. The standard will be effective for the Company’s fiscal year beginning October 1, 2018, at which time we may adopt the new standard under either the full retrospective method or the modified retrospective method. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this standard on our consolidated financial statements and has not determined whether the effect will be material. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The new standard eliminates the requirement for an acquirer to retrospectively adjust provisional amounts recorded in a business combination to reflect new information about the facts and circumstances that existed as of the acquisition date and that, if known, would have affected measurement or recognition of amounts initially recognized. As an alternative, the standard requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. It requires that the acquirer record, in the financial statements of the period in which adjustments to provisional amounts are determined, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The new standard is effective prospectively for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of this ASU on the consolidated financial statements. In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance retains the current accounting for lessors and does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. Enhanced disclosures will also be required to give financial statement users the ability to assess the amount, timing and uncertainty of cash flows arising from leases. The guidance will require modified retrospective application at the beginning of the Company’s Company is In March 2016, the Financial Accounting Standards Board (“FASB”) issued guidance related to stock-based compensation, which changes the accounting for and classification of excess tax benefits and minimum tax withholdings on share-based awards. The guidance becomes effective for the Company Company is |
Fair Value of Financial Instruments | The financial instruments of the Company consist primarily of cash and cash equivalents, accounts receivable, accounts payable and certain accrued liabilities Fair value is defined as the exchange price that Level 1— Unadjusted in active markets for identical assets or liabilities; Level 2—Input other than quoted prices included in Level 1 that are observable, unadjusted quoted prices in markets that are not active, or other inputs for similar assets and liabilities that are observable or can be corroborated by observable market data; and Level 3—Unobservable inputs that are supported by little or no market activity, which requires the Company to develop its own models and involves some level of management estimation and judgment. The Company’s Level 1 assets consist of U.S. treasury bills and money market funds. These instruments are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. |
Consolidated Balance Sheet Co18
Consolidated Balance Sheet Components (Tables) | 9 Months Ended |
Jun. 30, 2016 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Schedule of Property and Equipment | Property and Equipment As of As of June 30, September 30, 2016 2015 (in thousands) Computer software and equipment $ 9,195 $ 8,383 Furniture and fixtures 962 673 Leasehold improvements 1,200 875 Software development costs 8,254 6,915 Total property and equipment 19,611 16,846 Less: Accumulated depreciation and amortization (13,575 ) (10,353 ) Property and equipment, net 6,036 6,493 Add: Construction in progress 602 1,060 Total property and equipment, net $ 6,638 $ 7,553 |
Schedule of Asset Acquired under Capital Leases | Computer equipment acquired under the capital leases is included in property and equipment and consisted of the following: As of As of June 30, September 30, 2016 2015 (in thousands) Computer software and equipment $ 777 $ 793 Less: Accumulated depreciation and amortization (777 ) (791 ) Total computer software and equipment, net $ — $ 2 |
Schedule of Goodwill and Intangible Assets | Intangible Assets Estimated As of As of Useful Life June 30, September 30, (in Years) 2016 2015 (in thousands) Intangible Assets: Developed technology 4 - 5 years $ 5,313 $ 2,213 Backlog 3- 5 years 280 100 Non-competition agreement 3 years 100 100 Customer relationships 3 -10 years 4,419 1,019 Trade name 1 years 110 — Total intangible assets 10,222 3,432 Less: Accumulated amortization (4,155 ) (3,115 ) Total intangible assets, net $ 6,067 $ 317 |
Schedule of Estimated Future Amortization Expenses | Estimated future amortization expense for the intangible assets as of June 30, 2016 is as follows: 2016 (remaining 3 months) $ 382 2017 1,257 2018 1,175 2019 1,120 2020 and thereafter 2,133 Total future amortization $ 6,067 |
Goodwill (Tables)
Goodwill (Tables) | 9 Months Ended |
Jun. 30, 2016 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill | The activity for the nine months ended June 30, 2016 consisted of the following: Balance as at September 30, 2015 $ 1,509 Add: Goodwill from acquisition of business 5,430 Balance as at June 30, 2016 $ 6,939 |
Fair Value of Financial Instr20
Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value Measured on Recurring Basis | The table below sets forth , 2016 Level 1 Level 2 Level 3 Total (in thousands) As of June 30, 2016: Assets: Cash equivalents: Money market fund deposits $ 59,947 $ — $ — $ 59,947 Total $ 59,947 $ — $ — $ 59,947 As of September 30, 2015: Assets: Cash equivalents: Money market fund deposits $ 45,516 $ — $ — $ 45,516 U.S. treasury bills 35,000 — — 35,000 Total $ 80,516 $ — $ — $ 80,516 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 9 Months Ended |
Jun. 30, 2016 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Summary of Stock Option Activity and Related Information Under All Equity Plans | The following table summarizes the stock option activity and related information under all equity plans: Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Shares Exercised Contract Value (thousands) Price Term (in Years) (thousands) Balance at September 30, 2015 1,119 $ 6.29 4.68 $ 4,904 Granted — — — Exercised (207 ) 4.08 — Forfeited (12 ) 13.70 — Expired (65 ) 12.70 — Balance at June 30, 2016 835 $ 6.25 3.71 $ 5,935 Options exercisable as of June 30, 2016 823 $ 6.15 3.67 $ 5,931 Options vested and expected to vest as of June 30, 2016 835 $ 6.25 3.71 $ 5,935 |
Summary of Restricted Stock Units Activity Under All Equity Plans | The following table summarizes the Company’s restricted stock units activity under all equity plans: Weighted Average Restricted Grant Date Units Fair Value (in thousands) Balance at September 30, 2015 2,302 $ 12.32 Granted 1,872 10.64 Vested (656 ) 10.45 Forfeited (485 ) 11.27 Balance at June 30, 2016 3,033 $ 11.85 |
Stock-based Compensation | Stock-based compensation is as follows: Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 (in thousands) (in thousands) Cost of revenues: License and implementation $ 239 $ 189 $ 659 $ 493 SaaS and maintenance 261 208 745 584 Total stock-based compensation in cost of revenue 500 397 1,404 1,077 Operating expenses: Research and development 401 353 963 947 Sales and marketing 881 899 2,124 2,273 General and administrative 1,847 1,087 4,296 3,115 Total stock-based compensation in operating expense 3,129 2,339 7,383 6,335 Stock-based compensation in operating loss 3,629 2,736 8,787 7,412 Stock-based compensation capitalized as software development cost — — — 109 Total stock-based compensation $ 3,629 $ 2,736 $ 8,787 $ 7,521 |
Net Loss Per Share (Tables)
Net Loss Per Share (Tables) | 9 Months Ended |
Jun. 30, 2016 | |
Earnings Per Share [Abstract] | |
Computation of Basic and Diluted Net Loss per Share | The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders during the periods presented: Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 (in thousands, except per share data) (in thousands, except per share data) Numerator: Basic and diluted: Net loss attributable to common stockholders $ (8,646 ) $ (5,786 ) $ (25,355 ) $ (14,684 ) Denominator: Basic and diluted: Weighted Average Shares Used in Computing Net Loss per Share Attributable to Common Stockholders 27,573 26,317 27,211 25,837 Net Loss per Share Attributable to Common Stockholders: Basic and diluted $ (0.31 ) $ (0.22 ) $ (0.93 ) $ (0.57 ) |
Summary of Weighted Average Shares of Common Stock Equivalents Excluded from Computation of Diluted Net Loss per Share Attributable to Common Stockholders | The following shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders as the effect would have been anti-dilutive: Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 (in thousands) (in thousands) Stock options 609 1,165 757 1,339 Performance-based restricted stock units and restricted stock units 778 763 627 949 |
Geographic Information (Tables)
Geographic Information (Tables) | 9 Months Ended |
Jun. 30, 2016 | |
Segment Reporting [Abstract] | |
Company's Property and Equipment, Net by Geographic Region | The following table sets forth the Company’s property and equipment, net by geographic region: As of As of June 30, September 30, 2016 2015 (in thousands) United States $ 5,232 $ 6,080 India 1,406 1,473 Total property and equipment, net $ 6,638 $ 7,553 |
The Company and Significant A24
The Company and Significant Accounting Policies and Estimates - Additional Information (Detail) | 9 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Date of incorporation | Dec. 14, 1999 |
State of incorporation | Delaware |
Business Combinations - Additio
Business Combinations - Additional Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Jun. 30, 2016 | Sep. 30, 2015 | |
Business Acquisition [Line Items] | ||
Provisional fair value allocated to goodwill | $ 6,939 | $ 1,509 |
Channelinsight Inc. [Member] | ||
Business Acquisition [Line Items] | ||
Cash purchase consideration | 12,600 | |
Provisional fair value allocated to intangible assets | 6,800 | |
Provisional fair value allocated to goodwill | $ 5,400 | |
Channelinsight Inc. [Member] | Minimum [Member] | ||
Business Acquisition [Line Items] | ||
Estimated useful lives of intangible assets | 1 year | |
Channelinsight Inc. [Member] | Maximum [Member] | ||
Business Acquisition [Line Items] | ||
Estimated useful lives of intangible assets | 10 years |
Consolidated Balance Sheet Co26
Consolidated Balance Sheet Components - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Sep. 30, 2015 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment, Gross | $ 19,611 | $ 16,846 |
Less: Accumulated depreciation and amortization | (13,575) | (10,353) |
Property and equipment excluding construction in progress, net | 6,036 | 6,493 |
Property and equipment, net | 6,638 | 7,553 |
Computer software and equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, Gross | 9,195 | 8,383 |
Furniture and fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, Gross | 962 | 673 |
Leasehold improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, Gross | 1,200 | 875 |
Software development costs [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, Gross | 8,254 | 6,915 |
Construction in progress [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, net | $ 602 | $ 1,060 |
Consolidated Balance Sheet Co27
Consolidated Balance Sheet Components - Schedule of Asset Acquired under Capital Leases (Detail) - Computer software and equipment [Member] - USD ($) $ in Thousands | Jun. 30, 2016 | Sep. 30, 2015 |
Property, Plant and Equipment [Line Items] | ||
Computer software and equipment | $ 777 | $ 793 |
Less: Accumulated depreciation and amortization | $ (777) | (791) |
Total computer software and equipment, net | $ 2 |
Consolidated Balance Sheet Co28
Consolidated Balance Sheet Components - Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Goodwill And Intangible Assets Disclosure [Abstract] | ||||
Depreciation of property and equipment | $ 1.2 | $ 1.1 | $ 3.4 | $ 2.8 |
Amortization expense of intangible assets | $ 0.4 | $ 0.1 | $ 1 | $ 0.2 |
Consolidated Balance Sheet Co29
Consolidated Balance Sheet Components - Schedule of Goodwill and Intangible Assets (Detail) - USD ($) $ in Thousands | 9 Months Ended | |
Jun. 30, 2016 | Sep. 30, 2015 | |
Intangible Assets: | ||
Intangible assets, Gross | $ 10,222 | $ 3,432 |
Less: Accumulated amortization | (4,155) | (3,115) |
Total future amortization | 6,067 | 317 |
Developed technology [Member] | ||
Intangible Assets: | ||
Intangible assets, Gross | $ 5,313 | 2,213 |
Developed technology [Member] | Minimum [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Estimated Useful Life (in Years) | 4 years | |
Developed technology [Member] | Maximum [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Estimated Useful Life (in Years) | 5 years | |
Backlog [Member] | ||
Intangible Assets: | ||
Intangible assets, Gross | $ 280 | 100 |
Backlog [Member] | Minimum [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Estimated Useful Life (in Years) | 3 years | |
Backlog [Member] | Maximum [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Estimated Useful Life (in Years) | 5 years | |
Non-competition agreement [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Estimated Useful Life (in Years) | 3 years | |
Intangible Assets: | ||
Intangible assets, Gross | $ 100 | 100 |
Customer relationships [Member] | ||
Intangible Assets: | ||
Intangible assets, Gross | $ 4,419 | $ 1,019 |
Customer relationships [Member] | Minimum [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Estimated Useful Life (in Years) | 3 years | |
Customer relationships [Member] | Maximum [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Estimated Useful Life (in Years) | 10 years | |
Trade name [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Estimated Useful Life (in Years) | 1 year | |
Intangible Assets: | ||
Intangible assets, Gross | $ 110 |
Consolidated Balance Sheet Co30
Consolidated Balance Sheet Components - Schedule of Estimated Future Amortization Expenses (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Sep. 30, 2015 |
Goodwill And Intangible Assets Disclosure [Abstract] | ||
2016 (remaining 3 months) | $ 382 | |
2,017 | 1,257 | |
2,018 | 1,175 | |
2,019 | 1,120 | |
2020 and thereafter | 2,133 | |
Total future amortization | $ 6,067 | $ 317 |
Goodwill - Schedule of Goodwill
Goodwill - Schedule of Goodwill (Detail) $ in Thousands | 9 Months Ended |
Jun. 30, 2016USD ($) | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Beginning balance | $ 1,509 |
Add: Goodwill from acquisition of business | 5,430 |
Ending balance | $ 6,939 |
Fair Value of Financial Instr32
Fair Value of Financial Instruments - Schedule of Fair Value Measured on Recurring Basis (Detail) - Cash equivalents [Member] - USD ($) $ in Thousands | Jun. 30, 2016 | Sep. 30, 2015 |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | $ 59,947 | $ 80,516 |
Money market fund deposits [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | 59,947 | 45,516 |
U.S. treasury bills [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | 35,000 | |
Level 1 [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | 59,947 | 80,516 |
Level 1 [Member] | Money market fund deposits [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | 59,947 | 45,516 |
Level 1 [Member] | U.S. treasury bills [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | 35,000 | |
Level 2 [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | 0 | 0 |
Level 2 [Member] | Money market fund deposits [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | 0 | 0 |
Level 2 [Member] | U.S. treasury bills [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | 0 | |
Level 3 [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | 0 | 0 |
Level 3 [Member] | Money market fund deposits [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | $ 0 | 0 |
Level 3 [Member] | U.S. treasury bills [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair value assets on recurring basis | $ 0 |
Fair Value of Financial Instr33
Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) | Jun. 30, 2016 | Sep. 30, 2015 |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Cash at bank | $ 10,200,000 | $ 10,500,000 |
Money market fund deposits [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Unrealized gains | 0 | 0 |
Unrealized losses | $ 0 | $ 0 |
Stock-Based Compensation - Addi
Stock-Based Compensation - Additional Information (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ||||
Number of shares available for future stock awards | 3,700,000 | 3,700,000 | ||
Number of stock options, Granted | 0 | 0 | 0 | 0 |
Stock-Based Compensation - Summ
Stock-Based Compensation - Summary of Stock Option Activity and Related Information Under All Equity Plans (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Jun. 30, 2016 | Sep. 30, 2015 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |||||
Number of Shares, Beginning balance | 1,119,000 | ||||
Number of Shares, Granted | 0 | 0 | 0 | 0 | |
Number of Shares, Exercised | (207,000) | ||||
Number of Shares, Forfeited | (12,000) | ||||
Number of Shares, Expired | (65,000) | ||||
Number of Shares, Ending balance | 835,000 | 1,119,000 | 835,000 | ||
Number of Shares, Options exercisable | 823,000 | 823,000 | |||
Number of Shares, Options vested and expected to vest | 835,000 | 835,000 | |||
Weighted Average Exercised Price | $ 6.29 | ||||
Weighted Average Exercised Price, Exercised | 4.08 | ||||
Weighted Average Exercised Price, Forfeited | 13.70 | ||||
Weighted Average Exercise Price, Expired | 12.70 | ||||
Weighted Average Exercise Price | $ 6.25 | $ 6.29 | 6.25 | ||
Weighted Average Exercised Price, Options exercisable | 6.15 | 6.15 | |||
Weighted Average Exercised Price, Options vested and expected to vest | $ 6.25 | $ 6.25 | |||
Weighted Average Remaining Contract Term (in Years). Shares outstanding | 4 years 8 months 5 days | 3 years 8 months 16 days | |||
Weighted Average Remaining Contract Term (in Years), Options exercisable | 3 years 8 months 1 day | ||||
Weighted Average Remaining Contract Term (in Years), Options vested and expected to vest | 3 years 8 months 16 days | ||||
Aggregate Intrinsic Value | $ 4,904 | ||||
Aggregate Intrinsic Value | $ 5,935 | $ 4,904 | 5,935 | ||
Aggregate Intrinsic Value, Exercisable | 5,931 | 5,931 | |||
Aggregate Intrinsic Value, Vested and expected to vest | $ 5,935 | $ 5,935 |
Stock-Based Compensation - Su36
Stock-Based Compensation - Summary of Restricted Stock Units Activity Under All Equity Plans (Detail) - Restricted Stock Units [Member] shares in Thousands | 9 Months Ended |
Jun. 30, 2016$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Number of Restricted Stock, Beginning balance | shares | 2,302 |
Number of Restricted Stock, Granted | shares | 1,872 |
Number of Restricted Stock, Vested | shares | (656) |
Number of Restricted Stock, Forfeited | shares | (485) |
Number of Restricted Stock, Ending balance | shares | 3,033 |
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares | $ 12.32 |
Weighted Average Grant Date Fair Value, Granted | $ / shares | 10.64 |
Weighted Average Grant Date Fair Value, Vested | $ / shares | 10.45 |
Weighted Average Grant Date Fair Value, Forfeited | $ / shares | 11.27 |
Weighted Average Grant Date Fair Value, Ending balance | $ / shares | $ 11.85 |
Stock-Based Compensation - Stoc
Stock-Based Compensation - Stock-based Compensation (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation | $ 3,629 | $ 2,736 | $ 8,787 | $ 7,412 |
Stock-based compensation capitalized as software development cost | 0 | 0 | 0 | 109 |
Total stock-based compensation | 3,629 | 2,736 | 8,787 | 7,521 |
Cost of revenues, License and implementation [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation | 239 | 189 | 659 | 493 |
Cost of Revenues, SaaS and Maintenance [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation | 261 | 208 | 745 | 584 |
Cost of revenue [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation | 500 | 397 | 1,404 | 1,077 |
Operating expenses, Research and development [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation | 401 | 353 | 963 | 947 |
Operating expenses, Sales and marketing [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation | 881 | 899 | 2,124 | 2,273 |
Operating expenses, General and administrative [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation | 1,847 | 1,087 | 4,296 | 3,115 |
Operating expense [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation | $ 3,129 | $ 2,339 | $ 7,383 | $ 6,335 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | ||||
Provision for income taxes | $ 167 | $ 80 | $ 286 | $ 407 |
Effective income tax expense (benefit), rate | 2.00% | 1.00% | 1.00% | 3.00% |
Effective income tax federal statutory rate | 34.00% | 34.00% | 34.00% | 34.00% |
Net Loss Per Share - Computatio
Net Loss Per Share - Computation of Basic and Diluted Net Loss per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Net loss per share attributable to common stockholders: | ||||
Net loss | $ (8,646) | $ (5,786) | $ (25,355) | $ (14,684) |
Weighted average number of shares used in computing net loss per share attributable to common stockholders: | ||||
Basic and diluted | 27,573 | 26,317 | 27,211 | 25,837 |
Basic and diluted: | ||||
Net Loss per Share Attributable to Common Stockholders: Basic and diluted | $ (0.31) | $ (0.22) | $ (0.93) | $ (0.57) |
Net Loss Per Share - Summary of
Net Loss Per Share - Summary of Weighted Average Shares of Common Stock Equivalents Excluded from Computation of Diluted Net Loss per Share Attributable to Common Stockholders (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Stock options [Member] | ||||
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | ||||
Antidilutive securities excluded from computation of earnings per share amount | 609 | 1,165 | 757 | 1,339 |
Performance-based restricted stock units and restricted stock units [Member] | ||||
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | ||||
Antidilutive securities excluded from computation of earnings per share amount | 778 | 763 | 627 | 949 |
Litigation And Contingencies -
Litigation And Contingencies - Additional Information (Details) | Mar. 02, 2015Lawsuit |
Class Action Lawsuit | |
Loss Contingencies [Line Items] | |
Number of class action Lawsuits | 2 |
Geographic Information - Additi
Geographic Information - Additional Information (Detail) - Segment | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Segment Reporting Information [Line Items] | ||||
Number of operating segment | 1 | |||
Other [Member] | Geographic concentration risk [Member] | Revenue [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues from customers outside United States | 12.00% | 6.00% | 9.00% | 7.00% |
Geographic Information - Compan
Geographic Information - Company's Property and Equipment, Net by Geographic Region (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Sep. 30, 2015 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment, net | $ 6,638 | $ 7,553 |
United States [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, net | 5,232 | 6,080 |
India [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, net | $ 1,406 | $ 1,473 |