Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 31, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'ELLIE MAE INC | ' |
Entity Central Index Key | '0001122388 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 27,496,655 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets | ' | ' |
Cash and cash equivalents | $21,651 | $44,114 |
Available-for-sale Securities, Current | 43,480 | 16,243 |
Accounts receivable, net of allowances for doubtful accounts of $133 and $74 as of September 30, 2013 and December 31, 2012, respectively | 11,277 | 9,753 |
Prepaid expenses and other | 7,635 | 2,956 |
Deferred tax assets | 652 | 645 |
Note receivable | 1,000 | 1,000 |
Total current assets | 85,695 | 74,711 |
Property and equipment, net | 12,621 | 9,494 |
Long-term investments | 61,598 | 43,728 |
Other intangible assets, net | 5,450 | 6,531 |
Goodwill | 51,051 | 51,051 |
Deposits and other assets | 2,019 | 100 |
Total assets | 218,434 | 185,615 |
Current liabilities | ' | ' |
Accounts payable | 1,664 | 2,039 |
Accrued and other current liabilities | 9,461 | 6,044 |
Acquisition holdback, net of discounts | 1,952 | 2,948 |
Deferred revenue | 4,157 | 4,896 |
Total current liabilities | 17,234 | 15,927 |
Acquisition holdback, net of current portion and discount | 0 | 1,911 |
Other long-term liabilities | 955 | 915 |
Total liabilities | 18,189 | 18,753 |
Commitments and contingencies (Note 7) | ' | ' |
Stockholders' equity : | ' | ' |
Common stock, $0.0001 par value per share; 140,000,000 authorized shares, 27,463,969 and 26,058,533 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively | 3 | 3 |
Additional paid-in capital | 207,028 | 184,616 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -52 | -65 |
Accumulated deficit | -6,734 | -17,692 |
Total stockholders' equity | 200,245 | 166,862 |
Total liabilities and stockholders' equity | $218,434 | $185,615 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Accounts receivable, allowances for doubtful accounts | $133 | $74 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 140,000,000 | 140,000,000 |
Common stock, shares issued | 27,463,969 | 26,058,533 |
Common stock, shares outstanding | 27,463,969 | 26,058,533 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Other Comprehensive Income [Abstract] | ' | ' | ' | ' |
Revenues | $33,006 | $27,456 | $98,131 | $71,931 |
Cost of revenues | 8,332 | 6,049 | 24,550 | 16,589 |
Gross profit | 24,674 | 21,407 | 73,581 | 55,342 |
Operating expenses: | ' | ' | ' | ' |
Sales and marketing | 5,163 | 4,347 | 15,233 | 12,579 |
Research and development | 6,573 | 4,756 | 18,651 | 13,188 |
General and administrative | 7,547 | 6,023 | 23,108 | 14,195 |
Total operating expenses | 19,283 | 15,126 | 56,992 | 39,962 |
Income (loss) from operations | 5,391 | 6,281 | 16,589 | 15,380 |
Other income (expense), net | 83 | 23 | 355 | -15 |
Income (loss) before income taxes | 5,474 | 6,304 | 16,944 | 15,365 |
Income tax benefit | 2,114 | -525 | 5,986 | -105 |
Net income | 3,360 | 6,829 | 10,958 | 15,470 |
Net income per share of common stock: | ' | ' | ' | ' |
Basic | $0.13 | $0.27 | $0.41 | $0.68 |
Diluted | $0.12 | $0.25 | $0.39 | $0.63 |
Weighted average common shares used in computing net income per share of common stock: | ' | ' | ' | ' |
Basic | 26,681,974 | 25,201,404 | 26,407,572 | 22,747,911 |
Diluted | 28,623,092 | 27,408,711 | 28,330,521 | 24,483,578 |
Net income | 3,360 | 6,829 | 10,958 | 15,470 |
Unrealized Gain (Loss) on Investments | 137 | 0 | 13 | 0 |
Comprehensive income | $3,497 | $6,829 | $10,971 | $15,470 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $10,958 | $15,470 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 3,515 | 2,257 |
Provision for uncollectible accounts receivable | 81 | 52 |
Amortization of other intangible assets | 1,081 | 1,226 |
Amortization of discount related to holdback | 93 | 152 |
Stock-based compensation | 10,894 | 3,643 |
Gain (Loss) on Sale of Property Plant Equipment | 0 | -20 |
Excess tax benefit from exercise of stock options | -6,187 | -1,191 |
Deferred Income Tax Expense (Benefit) | -679 | -654 |
Amortization of Debt Discount (Premium) | 1,232 | 0 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | -1,605 | -3,731 |
Prepaid expenses and other | 1,800 | -2,933 |
Deposits and other assets | -1,195 | 0 |
Accounts payable | -849 | -805 |
Accrued and other liabilities | 2,564 | 3,364 |
Deferred revenue | -725 | -49 |
Net cash provided by operating activities | 20,978 | 16,821 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Acquisition of property and equipment | -5,034 | -5,744 |
Proceeds from Sale of Other Property, Plant, and Equipment | 0 | 10 |
Purchase of short-term investments | -91,297 | -5,406 |
Maturities of short-term investments | 44,971 | 3,781 |
Payment of holdback from acquisition | -3,000 | -2,907 |
Payments for (Proceeds from) Other Investing Activities | 0 | -3 |
Net cash used in investing activities | -54,360 | -10,263 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Proceeds from Issuance Initial Public Offering | 0 | 55,821 |
Payment of capital lease obligations | -509 | -5 |
Proceeds from Issuance of Common Stock | 5,342 | 3,009 |
Payments Related to Tax Withholding for Share-based Compensation | -101 | 0 |
Excess tax benefits from exercise of stock options | -6,187 | -1,191 |
Net cash provided by financing activities | 10,919 | 60,016 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | -22,463 | 66,574 |
CASH AND CASH EQUIVALENTS, Beginning of period | 44,114 | 23,732 |
CASH AND CASH EQUIVALENTS, End of period | 21,651 | 90,306 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Property and equipment purchases not yet paid | -522 | -151 |
Noncash or Part Noncash Acquisition, Fixed Assets Acquired | 1,336 | 0 |
Deferred Offering Costs Not Yet Paid | 0 | 290 |
Supplemental Cash Flow Information [Abstract] | ' | ' |
Interest Paid | 241 | 53 |
Income Taxes Paid | $3,324 | $175 |
Description_of_Business
Description of Business | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Description of Business | ' |
Description of Business | |
Ellie Mae, Inc. (“Ellie Mae,” “the Company,” “we,” “our” or “us”) is a leading provider of on-demand automation solutions for the residential mortgage industry in the United States. Our on-demand, technology-enabled software solutions help streamline and automate the process of originating and funding new mortgage loans, thereby increasing efficiency, facilitating regulatory compliance and reducing documentation errors. |
Basis_of_Presentation_and_Sign
Basis of Presentation and Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation and Significant Accounting Policies | ' |
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“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 financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2012, which was filed with the SEC on March 1, 2013 (“2012 Form 10-K”). | |
The condensed consolidated balance sheet as of December 31, 2012, included herein, was derived from the audited financial statements as of that date but does not include all disclosures, including notes required by GAAP. | |
In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial positions, results of operations and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full year 2013 or any future period. | |
Principles of Consolidation | |
The condensed consolidated financial statements include the accounts of Ellie Mae and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. | |
Use of Estimates | |
The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Significant Accounting Policies | |
Our significant accounting policies are described in Note 2 of the Notes to Consolidated Financial Statements in our 2012 Form 10-K. There have been no significant changes to these policies except as noted below. | |
Deferred Commission Expense | |
Deferred commission expenses are the incremental costs that are directly associated with non-cancelable subscription contracts with customers and consist of sales commissions paid to our direct sales force. Commissions are calculated based on a percentage of the revenues for the non-cancelable term of subscription contracts, which are typically one to five years. | |
Prior to 2013, commissions were paid and recognized as sales expense when customer payments for contracted services were received on a monthly basis because commissions were earned based on receipt of customer payments. In 2013, we amended our commission plans to provide for payment after the customer's contract is signed. As a result of the change in commission plans, beginning in 2013, commission expense is deferred and amortized to sales expense over the non-cancelable terms of the related subscription contracts. The deferred commission expense amounts are recoverable through the future revenue streams under the non-cancelable customer contracts. The new plans also include claw back provisions, which require repayment of a proportionate amount of commissions, should customers cancel their contracts prior to the end of the initial contractual term. | |
During nine months ended September 30, 2013, we deferred $1.4 million of commission expense, of which $1.2 million remained on our condensed consolidated balance sheets at September 30, 2013. No amounts were deferred as of December 31, 2012. | |
Comprehensive Income | |
Comprehensive income consists of net income and other comprehensive gain (loss). Other comprehensive gain (loss) includes certain changes in equity that are excluded from net income, specifically unrealized gains and losses on available-for-sale investments. There were no reclassifications out of accumulated other comprehensive income (“AOCI”) that affected net income during the three and nine months ended September 30, 2013 and 2012. | |
Recent Accounting Pronouncements | |
In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to Accounting Standards Codification Topic 220, Comprehensive Income, in Accounting Standards Update (“ASU”) 2013-02. Under ASU 2013-02, an entity must make new disclosures for changes in AOCI balances by component as well as significant items reclassified out of AOCI. We adopted ASU 2013-02 on January 1, 2013 and this adoption did not have a material impact on our consolidated financial statements. | |
In July 2013, the FASB issued ASU No. 2013-11, Topic 740 - Income Taxes (“ASU 2013-11”) which provides guidance to improve the presentation of an unrecognized benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We intend to adopt this standard in the first fiscal quarter of 2014 and do not expect the adoption will have a material impact on our consolidated financial statements. |
Net_Income_Loss_Per_Share_of_C
Net Income (Loss) Per Share of Common Stock | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Net Income (Loss) Per Share of Common Stock | ' | |||||||||||||||
Net income per share of common stock is calculated by dividing net income by the weighted average shares of common stock outstanding during the period. Diluted net income per share of common stock is calculated by dividing net income by the weighted average shares of common stock outstanding and potential shares of common stock during the period. Potential shares of common stock include shares attributable to the assumed exercise of stock options, restricted stock unit awards (“RSUs”), performance share awards (“Performance Awards”) and Employee Stock Purchase Plan (“ESPP”) shares using the treasury stock method, if dilutive. | ||||||||||||||||
The components of net income per share of common stock were as follows: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(in thousands, except share and per share amounts) | ||||||||||||||||
Net income | $ | 3,360 | $ | 6,829 | $ | 10,958 | $ | 15,470 | ||||||||
Basic shares: | ||||||||||||||||
Weighted average common shares outstanding | 26,681,974 | 25,201,404 | 26,407,572 | 22,747,911 | ||||||||||||
Diluted shares: | ||||||||||||||||
Weighted average shares used to compute basic net income per share | 26,681,974 | 25,201,404 | 26,407,572 | 22,747,911 | ||||||||||||
Effect of potentially dilutive securities: | ||||||||||||||||
Employee stock options, RSUs, Performance Awards and ESPP shares | 1,941,118 | 2,207,307 | 1,922,949 | 1,735,667 | ||||||||||||
Weighted average shares used to compute diluted net income per share | 28,623,092 | 27,408,711 | 28,330,521 | 24,483,578 | ||||||||||||
Net income per share: | ||||||||||||||||
Basic | $ | 0.13 | $ | 0.27 | $ | 0.41 | $ | 0.68 | ||||||||
Diluted | $ | 0.12 | $ | 0.25 | $ | 0.39 | $ | 0.63 | ||||||||
The following potential common shares were excluded from the computation of diluted net income per share, as their effect would have been anti-dilutive: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Employee stock options and awards | 826,879 | 158,266 | 681,394 | 175,104 | ||||||||||||
Performance Awards are included in the diluted shares outstanding for each period if the established performance criteria have been met at the end of the respective periods. However, if none of the required performance criteria have been met for such awards, we include the number of shares that would be issuable if the end of the reporting period were the end of the contingency period. Accordingly, in addition to the employee stock options and awards noted above, 124,300 and 721,333 shares underlying Performance Awards have been excluded from the dilutive shares outstanding for each of the three and nine months ended September 30, 2013 and 2012, respectively. |
Financial_Instruments_and_Fair
Financial Instruments and Fair Value Measurements | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Financial Instruments and Fair Value Measurements [Abstract] | ' | |||||||||||||||
Financial Instruments and Fair Value Measurements | ' | |||||||||||||||
Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are classified and disclosed in one of the following three categories: | ||||||||||||||||
Level 1— Valuations based on quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||
Level 2— Valuations based on other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | ||||||||||||||||
Level 3— Valuations based on inputs that are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the assets or liabilities. | ||||||||||||||||
The following tables set forth by level within the fair value hierarchy our financial assets that were accounted for at fair value on a recurring basis, according to the valuation techniques we used to determine their values: | ||||||||||||||||
Fair value at | Fair value measurements | |||||||||||||||
using inputs considered as | ||||||||||||||||
September 30, 2013 | Level 1 | Level 2 | Level 3 | |||||||||||||
(in thousands) | ||||||||||||||||
Money market funds | $ | 13,917 | $ | 13,917 | $ | — | $ | — | ||||||||
Certificates of deposit | 13,677 | — | 13,677 | — | ||||||||||||
Corporate notes and obligations | 29,713 | — | 29,713 | — | ||||||||||||
Municipal obligations | 4,483 | — | 4,483 | — | ||||||||||||
U.S. government and government agency obligations | 60,092 | 13,211 | 46,881 | — | ||||||||||||
$ | 121,882 | $ | 27,128 | $ | 94,754 | $ | — | |||||||||
Fair value at | Fair value measurements | |||||||||||||||
using inputs considered as | ||||||||||||||||
December 31, 2012 | Level 1 | Level 2 | Level 3 | |||||||||||||
(in thousands) | ||||||||||||||||
Money market funds | $ | 36,453 | $ | 36,453 | $ | — | $ | — | ||||||||
Corporate notes and obligations | 39,148 | — | 39,148 | — | ||||||||||||
Municipal obligations | 6,230 | — | 6,230 | — | ||||||||||||
U.S. government and government agency obligations | 15,048 | 4,711 | 10,337 | — | ||||||||||||
$ | 96,879 | $ | 41,164 | $ | 55,715 | $ | — | |||||||||
Financial instruments include cash, cash equivalents and investments including investment-grade interest-bearing securities such as money market accounts, certificates of deposit, commercial paper, corporate bonds, municipal and government agency obligations and guaranteed obligations of the U.S. government. We classify our money market funds and U.S. government obligations as Level 1 instruments due to the use of observable market prices for identical securities that are traded in active markets. | ||||||||||||||||
When we use observable market prices for identical securities that are traded in less active markets, we classify our marketable financial instruments as Level 2. When observable market prices for identical securities are not available, we price our marketable financial instruments using non-binding market consensus prices that are corroborated with observable market data; quoted market prices for similar instruments; or pricing models with all significant inputs derived from or corroborated with observable market data. Non-binding market consensus prices are based on the proprietary valuation models of pricing providers. These valuation models incorporate a number of inputs, including non-binding and binding broker quotes; observable market prices for identical or similar securities; and the internal assumptions of pricing providers or brokers that use observable market inputs and, to a lesser degree, unobservable market inputs. We corroborate non-binding market consensus prices with observable market data as such data exists. | ||||||||||||||||
As of September 30, 2013 and December 31, 2012, we did not have any assets or liabilities that were valued using Level 3 inputs. For the three and nine months ended September 30, 2013 and 2012, there were no transfers of financial instruments among Level 1, Level 2 or Level 3 classifications. | ||||||||||||||||
The carrying amounts and estimated fair value of cash and cash equivalents and both short and long-term investments consisted of the following: | ||||||||||||||||
September 30, 2013 | ||||||||||||||||
Amortized | Unrealized | Carrying or | ||||||||||||||
cost | gains (losses) | fair value | ||||||||||||||
(in thousands) | ||||||||||||||||
Cash and cash equivalents: | ||||||||||||||||
Cash | $ | 4,848 | $ | — | $ | 4,848 | ||||||||||
Money market funds | 13,917 | — | 13,917 | |||||||||||||
U.S. government notes | 2,000 | — | 2,000 | |||||||||||||
U.S. government agency securities | 886 | — | 886 | |||||||||||||
$ | 21,651 | $ | — | $ | 21,651 | |||||||||||
Short-term investments: | ||||||||||||||||
Certificates of deposit | $ | 3,675 | $ | (4 | ) | $ | 3,671 | |||||||||
Corporate notes and obligations | 13,675 | 4 | 13,679 | |||||||||||||
Municipal obligations | 1,982 | 1 | 1,983 | |||||||||||||
U.S. government notes | 4,055 | 3 | 4,058 | |||||||||||||
U.S. government agency securities | 20,082 | 7 | 20,089 | |||||||||||||
$ | 43,469 | $ | 11 | $ | 43,480 | |||||||||||
Long-term investments: | ||||||||||||||||
Certificates of deposit | $ | 10,045 | $ | (39 | ) | $ | 10,006 | |||||||||
Corporate notes and obligations | 16,046 | (12 | ) | 16,034 | ||||||||||||
Municipal obligations | 2,499 | 1 | 2,500 | |||||||||||||
U.S. government notes | 7,154 | (1 | ) | 7,153 | ||||||||||||
U.S. government agency securities | 25,916 | (11 | ) | 25,905 | ||||||||||||
$ | 61,660 | $ | (62 | ) | $ | 61,598 | ||||||||||
December 31, 2012 | ||||||||||||||||
Amortized | Unrealized | Carrying or | ||||||||||||||
cost | gains (losses) | fair value | ||||||||||||||
(in thousands) | ||||||||||||||||
Cash and cash equivalents: | ||||||||||||||||
Cash | $ | 7,206 | $ | — | $ | 7,206 | ||||||||||
Money market funds | 36,453 | — | 36,453 | |||||||||||||
Corporate notes and obligations | 455 | — | 455 | |||||||||||||
$ | 44,114 | $ | — | $ | 44,114 | |||||||||||
Short-term investments: | ||||||||||||||||
Corporate notes and obligations | $ | 10,292 | $ | (5 | ) | $ | 10,287 | |||||||||
Municipal obligations | 2,829 | (6 | ) | 2,823 | ||||||||||||
U.S. government agency securities | 3,132 | 1 | 3,133 | |||||||||||||
$ | 16,253 | $ | (10 | ) | $ | 16,243 | ||||||||||
Long-term investments: | ||||||||||||||||
Corporate notes and obligations | $ | 28,462 | $ | (56 | ) | $ | 28,406 | |||||||||
Municipal obligations | 3,412 | (5 | ) | 3,407 | ||||||||||||
U.S. government notes | 4,710 | 1 | 4,711 | |||||||||||||
U.S. government agency securities | 7,199 | 5 | 7,204 | |||||||||||||
$ | 43,783 | $ | (55 | ) | $ | 43,728 | ||||||||||
The following table summarizes the maturities of our investments at September 30, 2013: | ||||||||||||||||
Carrying or | ||||||||||||||||
fair value | ||||||||||||||||
(in thousands) | ||||||||||||||||
Remainder of 2013 | $ | 7,170 | ||||||||||||||
2014 | 47,354 | |||||||||||||||
2015 | 40,656 | |||||||||||||||
2016 | 9,898 | |||||||||||||||
Total | $ | 105,078 | ||||||||||||||
Actual maturities may differ from the contractual maturities because borrowers may have the right to call or prepay certain obligations. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||
There were no changes in the carrying value of goodwill during the three and nine months ended September 30, 2013. | ||||||||||||||
Other intangible assets, net, consisted of the following: | ||||||||||||||
September 30, 2013 | ||||||||||||||
Gross carrying | Accumulated | Net intangibles | Weighted Average Remaining Useful Life | |||||||||||
amount | amortization | |||||||||||||
(in thousands) | (in years) | |||||||||||||
Developed technology | $ | 1,874 | $ | (1,417 | ) | $ | 457 | 1.5 | ||||||
Trade names | 260 | (175 | ) | 85 | 1.3 | |||||||||
Customer lists and contracts | 7,300 | (2,392 | ) | 4,908 | 5.3 | |||||||||
$ | 9,434 | $ | (3,984 | ) | $ | 5,450 | 5 | |||||||
December 31, 2012 | ||||||||||||||
Gross carrying | Accumulated | Net intangibles | Weighted Average Remaining Useful Life | |||||||||||
amount | amortization | |||||||||||||
(in thousands) | (in years) | |||||||||||||
Developed technology | $ | 1,874 | $ | (1,170 | ) | $ | 704 | 2.2 | ||||||
Trade names | 260 | (124 | ) | 136 | 2 | |||||||||
Customer lists and contracts | 7,300 | (1,609 | ) | 5,691 | 6 | |||||||||
$ | 9,434 | $ | (2,903 | ) | $ | 6,531 | 5.5 | |||||||
Amortization expense associated with other intangible assets was $0.4 million and $1.1 million for the three and nine months ended September 30, 2013, respectively, and $0.4 million and $1.2 million for the three and nine months ended September 30, 2012, respectively. There was no impairment of intangible assets during the three and nine months ended September 30, 2013 and 2012. | ||||||||||||||
Minimum future amortization expense for other intangible assets at September 30, 2013 was as follows: | ||||||||||||||
Amortization | ||||||||||||||
(in thousands) | ||||||||||||||
Remainder of fiscal 2013 | $ | 360 | ||||||||||||
2014 | 1,405 | |||||||||||||
2015 | 1,032 | |||||||||||||
2016 | 928 | |||||||||||||
2017 | 928 | |||||||||||||
2018 | 266 | |||||||||||||
Thereafter | 531 | |||||||||||||
$ | 5,450 | |||||||||||||
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
We compute our interim provision for income taxes by applying the estimated annual effective tax rate to the year-to-date income from recurring operations and adjust the provision for discrete tax items recorded in the period. We evaluate our effective income tax rate on a quarterly basis and update our estimated annual effective income tax rate as necessary. The estimated annual effective tax rate for the nine months ended September 30, 2013 and 2012 was 35.3% and (0.7)%, respectively. | |
The difference between the federal statutory rate of 35% and our estimated annual effective tax rate for the nine months ended September 30, 2013 was primarily due to our blended state income tax rate, disqualifying dispositions of stock acquired through the exercise of incentive stock options or through our ESPP and the Section 162(m) limitation on the tax deduction for the annual compensation paid to our chief executive officer and the three other most highly paid executive officers, not including the chief financial officer (collectively the “Covered Employees”). The tax provision for the nine months ended September 30, 2013 included a discrete benefit item of $0.5 million related to 2012 federal research and development tax credit (net of uncertain tax benefit) that were retroactively reinstated by Congress in 2013. | |
Our tax positions are subject to income tax audits by multiple tax jurisdictions. We account for uncertain tax positions and have a policy to classify accrued interest and penalties associated with uncertain tax positions together with the related liability in the balance sheet, and to include the expenses incurred related to such accruals in the provision for income taxes. We believe that we have provided adequate reserves for our unrecognized tax benefits and associated penalties and interest, if applicable, for all tax years still open for assessment. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Leases | |
In January 2013, we entered into an agreement to lease additional office space at our corporate headquarters. The lease expires in April 2015 with payments of $20,000 per month over the term of the lease agreement. In April 2013, we entered into an agreement to finance the purchase of computer equipment with payments of $59,000 per month over the 23 month term of the agreement. In August 2013, we entered into an agreement to lease office space in Omaha, Nebraska that we are using as a product support center. The lease expires in December 2018 with payments ranging from $13,000 per month to $15,000 per month over the term of the lease agreement. | |
Legal Proceedings | |
On March 25, 2011, Industry Access Incorporated (“Industry Access”) filed a patent infringement lawsuit against us and another defendant in the U.S. District Court for the Central District of California. The complaint alleges, among other things, that certain aspects of our Encompass loan management software system and related operations infringe a single patent, and seeks declaratory relief and unspecified damages from the defendants, including enhanced damages for willful infringement and reasonable attorneys’ fees. On June 24, 2011, the Court issued an order requiring plaintiff to serve the complaint on all defendants within three days of the order. On June 28, 2011, plaintiff served us with the complaint and we filed its answer on August 5, 2011 denying all material allegations of the complaint. On November 18, 2011 the other defendant filed with the United States Patent and Trademark Office (the “PTO”) a request for ex parte reexamination of Industry Access’ US Patent No 7,769,681, which the PTO granted on February 14, 2012. On December 15, 2011, we filed a motion to stay the litigation pending the reexamination, which the Court granted on February 28, 2012. On October 9, 2012, the PTO issued the reexamination certificate. The Court granted a motion to dismiss the other defendant from this action on April 7, 2013 and lifted the stay on April 11, 2013. The parties are in the claims construction phase of the litigation with a claim construction hearing scheduled for December 2, 2013. Discovery is ongoing and the trial has been rescheduled for December 2014 as further discussed below. | |
On March 19, 2013, Industry Access filed a second patent infringement lawsuit against us in the U.S. District Court for the Central District of California. The complaint alleges, among other things, that our Encompass loan management software system, including the Encompass software, the Ellie Mae Network, Encompass Originator, Encompass Compliance Service, Encompass CenterWise, Encompass Electronic Document Management, Encompass Docs Solution and Encompass Product and Pricing Service, infringes U.S. Patent Nos. 8,117,120 and 8,145,563, which are continuations of U.S. Patent No. 7,769,681, asserted in the lawsuit described above. Plaintiff is seeking unspecified damages. On June 12, 2013, we filed a motion to dismiss or, in the alternative, to transfer this case to the Northern District of California, which the Court denied on September 18, 2013. Trial is set for December 2014. | |
On September 12, 2013, we filed a motion to relate and consolidate the two Industry Access lawsuits so that all of Industry Access’ related patent infringement claims would be heard before the same judge on the same schedule. Industry Access responded to this motion on October 11, 2013. The Court granted our motion to consolidate on October 31, 2013. Trial is set for December 2014. | |
We believe that we have substantial and meritorious defenses in the newly consolidated case and, if similar claims are pursued, we intend to defend these and similar claims vigorously. | |
We are also subject to various other legal proceedings and claims arising in the ordinary course of business. With respect to these matters and the litigations described above, we cannot predict the ultimate outcome of these legal proceedings and the amounts and ranges of potential damages associated with such proceedings cannot be estimated or assessed. An unfavorable outcome of these or the litigation could materially adversely affect our business, financial condition and results of operations. |
Stock_Incentive_Plans
Stock Incentive Plans | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||
Stock Incentive Plans | ' | |||||||||||||||
We recognize stock-based compensation related to awards granted under our 2009 Stock Option and Incentive Plan (the “2009 Plan”), 2011 Equity Incentive Award Plan (the “2011 Plan”) and ESPP. | ||||||||||||||||
Total stock-based compensation expense recognized consisted of: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(in thousands) | ||||||||||||||||
Cost of revenues | $ | 215 | $ | 80 | $ | 485 | $ | 170 | ||||||||
Sales and marketing | 322 | 85 | 709 | 256 | ||||||||||||
Research and development | 948 | 532 | 2,575 | 915 | ||||||||||||
General and administrative | 1,902 | 1,551 | 7,125 | 2,302 | ||||||||||||
$ | 3,387 | $ | 2,248 | $ | 10,894 | $ | 3,643 | |||||||||
Capitalized stock-based compensation for the three and nine months ended September 30, 2013 and 2012 was not significant. | ||||||||||||||||
2009 Stock Option and Incentive Plan and 2011 Equity Incentive Award Plan | ||||||||||||||||
Stock Options | ||||||||||||||||
The following table summarizes our stock option activity under the 2009 Plan and 2011 Plan: | ||||||||||||||||
Number of | Weighted | Weighted | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Term | ||||||||||||||||
(in years) | (in thousands) | |||||||||||||||
Outstanding at January 1, 2013 | 3,461,255 | $ | 7.19 | |||||||||||||
Granted | 790,330 | $ | 23.34 | |||||||||||||
Exercised | (698,800 | ) | $ | 4.89 | ||||||||||||
Forfeited or expired | (92,046 | ) | $ | 17.1 | ||||||||||||
Outstanding at September 30, 2013 | 3,460,739 | $ | 11.08 | 7.46 | $ | 72,442 | ||||||||||
Ending vested and expected to vest at September 30, 2013 | 3,363,041 | $ | 10.89 | 7.42 | $ | 71,013 | ||||||||||
Exercisable at September 30, 2013 | 1,709,944 | $ | 6.39 | 6.15 | $ | 43,804 | ||||||||||
Stock options granted during the nine months ended September 30, 2013 were made under the 2011 Plan. There were no grants under the 2009 Plan during the nine months ended September 30, 2013. | ||||||||||||||||
Intrinsic value of an option is the difference between the fair value of our common stock at the time of exercise and the exercise price to be paid. The aggregate intrinsic value for options outstanding at September 30, 2013 in the table above represents the total intrinsic value, based on our closing stock price of $32.01 as of September 30, 2013, which would have been received by option holders had all option holders exercised their in-the-money options as of that date. Options outstanding that are expected to vest are net of estimated future option forfeitures. | ||||||||||||||||
Following is additional information pertaining to our stock option activity: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(in thousands, except | ||||||||||||||||
per option amounts) | ||||||||||||||||
Weighted average fair value per option granted | $ | 14.15 | $ | 12.18 | $ | 11.5 | $ | 7.29 | ||||||||
Grant-date fair value of options vested | $ | 1,290 | $ | 1,155 | $ | 3,328 | $ | 1,851 | ||||||||
Intrinsic value of options exercised | $ | 8,471 | $ | 7,458 | $ | 14,867 | $ | 10,016 | ||||||||
Proceeds received from options exercised | $ | 2,378 | $ | 927 | $ | 3,420 | $ | 2,266 | ||||||||
As of September 30, 2013, total unrecognized stock-based compensation expense related to unvested stock options, adjusted for estimated forfeitures, was $12.2 million and is expected to be recognized over a weighted average period of 2.6 years. | ||||||||||||||||
Restricted Stock Units and Performance Awards | ||||||||||||||||
In August 2012, we granted 147,000 Performance Awards (“2012 Performance Awards”) to designated participants under the 2011 Plan. The 2012 Performance Awards represented the right to receive up to 4 shares of our common stock per award upon achievement of certain performance goals during the performance period of July 1, 2012 through June 30, 2013. 588,000 shares of common stock earned under the 2012 Performance Awards were issued during the quarter ended September 30, 2013 after the Compensation Committee of the Board of Directors (“Compensation Committee”) determined our level of achievement of the performance goals (the “Determination Date”). Of the issued shares, 25% were vested upon issuance and the remaining shares will vest 25% on each of the first three anniversaries of the Determination Date, subject to the continuous employment of the participant through such dates. | ||||||||||||||||
In February 2013, we granted 113,000 Performance Awards (“2013 Performance Awards”) to designated participants under the 2011 Plan. The 2013 Performance Awards represent the right to receive up to 2.5 shares of our common stock per award upon achievement of certain performance goals during the performance period of January 1, 2013 through December 31, 2013. Shares of common stock earned, if any, under the 2013 Performance Awards will be issued during the first quarter of 2014 after the Compensation Committee determines the level of achievement of the performance goals (the “2013 Award Determination Date”), with 25% of the shares to vest upon issuance and the remaining shares to vest 25% on each of the first three anniversaries of the 2013 Award Determination Date, subject to the continuous employment of each participant through such dates. As of September 30, 2013, we expect the performance goals will be achieved so that each award will convert to 1.1 shares of our common stock on the 2013 Award Determination Date. No forfeitures are expected. | ||||||||||||||||
The following table summarizes our RSU and Performance Award activity: | ||||||||||||||||
RSUs | Performance Awards | |||||||||||||||
Number of | Weighted | Number of | Weighted | |||||||||||||
Shares | Average | Shares | Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||||
Fair Value | Fair Value | |||||||||||||||
Per Share | Per Share | |||||||||||||||
Outstanding at January 1, 2013 | 40,625 | $ | 8.9 | 588,000 | $ | 25.79 | ||||||||||
Granted | 273,669 | 24.9 | 124,300 | 19.6 | ||||||||||||
Released | (13,125 | ) | 13.33 | (147,000 | ) | 25.79 | ||||||||||
Forfeited or expired | (5,697 | ) | 24.87 | — | — | |||||||||||
Outstanding at September 30, 2013 | 295,472 | $ | 23.22 | 565,300 | $ | 24.43 | ||||||||||
Ending vested and expected to vest at September 30, 2013 | 269,939 | 565,300 | ||||||||||||||
RSUs and Performance Awards that are expected to vest are net of estimated future forfeitures. RSUs released during the nine months ended September 30, 2013 had an aggregate intrinsic value of $0.3 million and an aggregate grant-date fair value of $0.2 million. Performance Awards released during the nine months ended September 30, 2013 had an aggregate intrinsic value of $4.5 million and an aggregate grant-date fair value of $3.8 million. There were no RSUs or Performance Awards released during the nine months ended September 30, 2012. The number of RSUs released includes shares that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. | ||||||||||||||||
As of September 30, 2013, total unrecognized compensation expense related to unvested RSUs and Performance Awards was $14.0 million and is expected to be recognized over a weighted average period of 2.5 years. | ||||||||||||||||
Employee Stock Purchase Plan | ||||||||||||||||
For the nine months ended September 30, 2013 and 2012, employees purchased 109,270 shares and 126,242 shares, respectively, under the ESPP for a total of $1.9 million and $0.7 million, respectively. As of September 30, 2013, unrecognized compensation expense related to the current ESPP period which ends on February 28, 2014 was $0.3 million and is expected to be recognized over five months. | ||||||||||||||||
Valuation Information | ||||||||||||||||
The fair value of stock options and stock purchase rights granted under the 2009 Plan, the 2011 Plan and the ESPP were estimated at the date of grant using the Black-Scholes option valuation model with the following weighted average assumptions: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Stock option plans: | ||||||||||||||||
Risk-free interest rate | 1.72 | % | 0.87 | % | 1.08 | % | 0.87 | % | ||||||||
Expected life of options (in years) | 6.08 | 6.08 | 6.08 | 6.08 | ||||||||||||
Expected dividend yield | — | % | — | % | — | % | — | % | ||||||||
Volatility | 52 | % | 52 | % | 52 | % | 55 | % | ||||||||
Employee Stock Purchase Plan: | ||||||||||||||||
Risk-free interest rate | 0.13 | % | 0.14 | % | 0.13 | % | 0.15 | % | ||||||||
Expected life of options (in years) | 0.5 | 0.5 | 0.5 | 0.5 | ||||||||||||
Expected dividend yield | — | % | — | % | — | % | — | % | ||||||||
Volatility | 36 | % | 37 | % | 37 | % | 43 | % | ||||||||
Stock-based compensation expense during the three and nine months ended September 30, 2013 and 2012 was recorded net of estimated forfeiture rates of 4.4% and 4.1%, respectively. | ||||||||||||||||
Common Stock | ||||||||||||||||
The following numbers of shares of common stock were reserved and available for future issuance at September 30, 2013: | ||||||||||||||||
Reserved | ||||||||||||||||
Shares | ||||||||||||||||
Options and awards outstanding under stock incentive plans | 4,321,511 | |||||||||||||||
Shares available for future grant under the stock incentive plan | 2,080,132 | |||||||||||||||
Shares available under the Employee Stock Purchase Plan | 852,392 | |||||||||||||||
Total | 7,254,035 | |||||||||||||||
In January 2013, 260,585 additional shares were reserved under the ESPP and 1,302,926 additional shares were reserved under the 2011 Plan, pursuant to the automatic increase provisions in each plan. |
Segment_Information
Segment Information | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Segment Information | ' | |||||||||||||||
We operate in one industry—mortgage-related software and services. Our chief operating decision makers are our chief executive officer and president and chief operating officer, who make decisions about resource allocation and review financial information presented on a consolidated basis. Accordingly, we have determined that we have a single reporting segment and operating unit structure, specifically technology-enabled solutions to help streamline and automate the residential mortgage origination process for our network participants. | ||||||||||||||||
We are organized primarily on the basis of service lines. Supplemental disclosure of revenues by type is as follows: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(in thousands) | ||||||||||||||||
On-demand revenues | $ | 30,186 | $ | 24,040 | $ | 88,907 | $ | 62,195 | ||||||||
On-premise revenues | 2,820 | 3,416 | 9,224 | 9,736 | ||||||||||||
$ | 33,006 | $ | 27,456 | $ | 98,131 | $ | 71,931 | |||||||||
Subsequent_Events_Notes
Subsequent Events (Notes) | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
In October 2013, we entered into an agreement to acquire substantially all the assets of ARG Interactive, LLC (dba MortgageCEO), a SaaS company specializing in customer relationship management and marketing solutions for the residential mortgage industry. The acquisition is expected to close by the end of 2013 and is subject to customary closing conditions. |
Basis_of_Presentation_and_Sign1
Basis of Presentation and Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Principles of Consolidation [Policy Text Block] | ' |
Principles of Consolidation | |
The condensed consolidated financial statements include the accounts of Ellie Mae and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. | |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates | |
The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Deferred Commission Expense, Policy [Policy Text Block] | ' |
Deferred Commission Expense | |
Deferred commission expenses are the incremental costs that are directly associated with non-cancelable subscription contracts with customers and consist of sales commissions paid to our direct sales force. Commissions are calculated based on a percentage of the revenues for the non-cancelable term of subscription contracts, which are typically one to five years. | |
Prior to 2013, commissions were paid and recognized as sales expense when customer payments for contracted services were received on a monthly basis because commissions were earned based on receipt of customer payments. In 2013, we amended our commission plans to provide for payment after the customer's contract is signed. As a result of the change in commission plans, beginning in 2013, commission expense is deferred and amortized to sales expense over the non-cancelable terms of the related subscription contracts. The deferred commission expense amounts are recoverable through the future revenue streams under the non-cancelable customer contracts. The new plans also include claw back provisions, which require repayment of a proportionate amount of commissions, should customers cancel their contracts prior to the end of the initial contractual term. | |
During nine months ended September 30, 2013, we deferred $1.4 million of commission expense, of which $1.2 million remained on our condensed consolidated balance sheets at September 30, 2013. | |
Comprehensive Income [Policy Text Block] | ' |
Comprehensive Income | |
Comprehensive income consists of net income and other comprehensive gain (loss). Other comprehensive gain (loss) includes certain changes in equity that are excluded from net income, specifically unrealized gains and losses on available-for-sale investments. There were no reclassifications out of accumulated other comprehensive income (“AOCI”) that affected net income during the three and nine months ended September 30, 2013 and 2012. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recent Accounting Pronouncements | |
In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to Accounting Standards Codification Topic 220, Comprehensive Income, in Accounting Standards Update (“ASU”) 2013-02. Under ASU 2013-02, an entity must make new disclosures for changes in AOCI balances by component as well as significant items reclassified out of AOCI. We adopted ASU 2013-02 on January 1, 2013 and this adoption did not have a material impact on our consolidated financial statements. | |
In July 2013, the FASB issued ASU No. 2013-11, Topic 740 - Income Taxes (“ASU 2013-11”) which provides guidance to improve the presentation of an unrecognized benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We intend to adopt this standard in the first fiscal quarter of 2014 and do not expect the adoption will have a material impact on our consolidated financial statements. |
Net_Income_Loss_Per_Share_of_C1
Net Income (Loss) Per Share of Common Stock (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Components of net income (loss) per share of common stock | ' | |||||||||||||||
The components of net income per share of common stock were as follows: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(in thousands, except share and per share amounts) | ||||||||||||||||
Net income | $ | 3,360 | $ | 6,829 | $ | 10,958 | $ | 15,470 | ||||||||
Basic shares: | ||||||||||||||||
Weighted average common shares outstanding | 26,681,974 | 25,201,404 | 26,407,572 | 22,747,911 | ||||||||||||
Diluted shares: | ||||||||||||||||
Weighted average shares used to compute basic net income per share | 26,681,974 | 25,201,404 | 26,407,572 | 22,747,911 | ||||||||||||
Effect of potentially dilutive securities: | ||||||||||||||||
Employee stock options, RSUs, Performance Awards and ESPP shares | 1,941,118 | 2,207,307 | 1,922,949 | 1,735,667 | ||||||||||||
Weighted average shares used to compute diluted net income per share | 28,623,092 | 27,408,711 | 28,330,521 | 24,483,578 | ||||||||||||
Net income per share: | ||||||||||||||||
Basic | $ | 0.13 | $ | 0.27 | $ | 0.41 | $ | 0.68 | ||||||||
Diluted | $ | 0.12 | $ | 0.25 | $ | 0.39 | $ | 0.63 | ||||||||
Common shares excluded from computation of diluted net income (loss) per share | ' | |||||||||||||||
The following potential common shares were excluded from the computation of diluted net income per share, as their effect would have been anti-dilutive: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Employee stock options and awards | 826,879 | 158,266 | 681,394 | 175,104 | ||||||||||||
Financial_Instruments_and_Fair1
Financial Instruments and Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Financial Instruments and Fair Value Measurements [Abstract] | ' | |||||||||||||||
Fair value hierarchy of Company's financial assets on recurring basis | ' | |||||||||||||||
The following tables set forth by level within the fair value hierarchy our financial assets that were accounted for at fair value on a recurring basis, according to the valuation techniques we used to determine their values: | ||||||||||||||||
Fair value at | Fair value measurements | |||||||||||||||
using inputs considered as | ||||||||||||||||
September 30, 2013 | Level 1 | Level 2 | Level 3 | |||||||||||||
(in thousands) | ||||||||||||||||
Money market funds | $ | 13,917 | $ | 13,917 | $ | — | $ | — | ||||||||
Certificates of deposit | 13,677 | — | 13,677 | — | ||||||||||||
Corporate notes and obligations | 29,713 | — | 29,713 | — | ||||||||||||
Municipal obligations | 4,483 | — | 4,483 | — | ||||||||||||
U.S. government and government agency obligations | 60,092 | 13,211 | 46,881 | — | ||||||||||||
$ | 121,882 | $ | 27,128 | $ | 94,754 | $ | — | |||||||||
Fair value at | Fair value measurements | |||||||||||||||
using inputs considered as | ||||||||||||||||
December 31, 2012 | Level 1 | Level 2 | Level 3 | |||||||||||||
(in thousands) | ||||||||||||||||
Money market funds | $ | 36,453 | $ | 36,453 | $ | — | $ | — | ||||||||
Corporate notes and obligations | 39,148 | — | 39,148 | — | ||||||||||||
Municipal obligations | 6,230 | — | 6,230 | — | ||||||||||||
U.S. government and government agency obligations | 15,048 | 4,711 | 10,337 | — | ||||||||||||
$ | 96,879 | $ | 41,164 | $ | 55,715 | $ | — | |||||||||
Carrying amounts and estimated fair value of cash and cash equivalents and short-term investments | ' | |||||||||||||||
The carrying amounts and estimated fair value of cash and cash equivalents and both short and long-term investments consisted of the following: | ||||||||||||||||
September 30, 2013 | ||||||||||||||||
Amortized | Unrealized | Carrying or | ||||||||||||||
cost | gains (losses) | fair value | ||||||||||||||
(in thousands) | ||||||||||||||||
Cash and cash equivalents: | ||||||||||||||||
Cash | $ | 4,848 | $ | — | $ | 4,848 | ||||||||||
Money market funds | 13,917 | — | 13,917 | |||||||||||||
U.S. government notes | 2,000 | — | 2,000 | |||||||||||||
U.S. government agency securities | 886 | — | 886 | |||||||||||||
$ | 21,651 | $ | — | $ | 21,651 | |||||||||||
Short-term investments: | ||||||||||||||||
Certificates of deposit | $ | 3,675 | $ | (4 | ) | $ | 3,671 | |||||||||
Corporate notes and obligations | 13,675 | 4 | 13,679 | |||||||||||||
Municipal obligations | 1,982 | 1 | 1,983 | |||||||||||||
U.S. government notes | 4,055 | 3 | 4,058 | |||||||||||||
U.S. government agency securities | 20,082 | 7 | 20,089 | |||||||||||||
$ | 43,469 | $ | 11 | $ | 43,480 | |||||||||||
Long-term investments: | ||||||||||||||||
Certificates of deposit | $ | 10,045 | $ | (39 | ) | $ | 10,006 | |||||||||
Corporate notes and obligations | 16,046 | (12 | ) | 16,034 | ||||||||||||
Municipal obligations | 2,499 | 1 | 2,500 | |||||||||||||
U.S. government notes | 7,154 | (1 | ) | 7,153 | ||||||||||||
U.S. government agency securities | 25,916 | (11 | ) | 25,905 | ||||||||||||
$ | 61,660 | $ | (62 | ) | $ | 61,598 | ||||||||||
December 31, 2012 | ||||||||||||||||
Amortized | Unrealized | Carrying or | ||||||||||||||
cost | gains (losses) | fair value | ||||||||||||||
(in thousands) | ||||||||||||||||
Cash and cash equivalents: | ||||||||||||||||
Cash | $ | 7,206 | $ | — | $ | 7,206 | ||||||||||
Money market funds | 36,453 | — | 36,453 | |||||||||||||
Corporate notes and obligations | 455 | — | 455 | |||||||||||||
$ | 44,114 | $ | — | $ | 44,114 | |||||||||||
Short-term investments: | ||||||||||||||||
Corporate notes and obligations | $ | 10,292 | $ | (5 | ) | $ | 10,287 | |||||||||
Municipal obligations | 2,829 | (6 | ) | 2,823 | ||||||||||||
U.S. government agency securities | 3,132 | 1 | 3,133 | |||||||||||||
$ | 16,253 | $ | (10 | ) | $ | 16,243 | ||||||||||
Long-term investments: | ||||||||||||||||
Corporate notes and obligations | $ | 28,462 | $ | (56 | ) | $ | 28,406 | |||||||||
Municipal obligations | 3,412 | (5 | ) | 3,407 | ||||||||||||
U.S. government notes | 4,710 | 1 | 4,711 | |||||||||||||
U.S. government agency securities | 7,199 | 5 | 7,204 | |||||||||||||
$ | 43,783 | $ | (55 | ) | $ | 43,728 | ||||||||||
Summary of the maturities of the Company's investments | ' | |||||||||||||||
The following table summarizes the maturities of our investments at September 30, 2013: | ||||||||||||||||
Carrying or | ||||||||||||||||
fair value | ||||||||||||||||
(in thousands) | ||||||||||||||||
Remainder of 2013 | $ | 7,170 | ||||||||||||||
2014 | 47,354 | |||||||||||||||
2015 | 40,656 | |||||||||||||||
2016 | 9,898 | |||||||||||||||
Total | $ | 105,078 | ||||||||||||||
Actual maturities may differ from the contractual maturities because borrowers may have the right to call or prepay certain obligations. |
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||
Other intangible assets, net | ' | |||||||||||||
Other intangible assets, net, consisted of the following: | ||||||||||||||
September 30, 2013 | ||||||||||||||
Gross carrying | Accumulated | Net intangibles | Weighted Average Remaining Useful Life | |||||||||||
amount | amortization | |||||||||||||
(in thousands) | (in years) | |||||||||||||
Developed technology | $ | 1,874 | $ | (1,417 | ) | $ | 457 | 1.5 | ||||||
Trade names | 260 | (175 | ) | 85 | 1.3 | |||||||||
Customer lists and contracts | 7,300 | (2,392 | ) | 4,908 | 5.3 | |||||||||
$ | 9,434 | $ | (3,984 | ) | $ | 5,450 | 5 | |||||||
December 31, 2012 | ||||||||||||||
Gross carrying | Accumulated | Net intangibles | Weighted Average Remaining Useful Life | |||||||||||
amount | amortization | |||||||||||||
(in thousands) | (in years) | |||||||||||||
Developed technology | $ | 1,874 | $ | (1,170 | ) | $ | 704 | 2.2 | ||||||
Trade names | 260 | (124 | ) | 136 | 2 | |||||||||
Customer lists and contracts | 7,300 | (1,609 | ) | 5,691 | 6 | |||||||||
$ | 9,434 | $ | (2,903 | ) | $ | 6,531 | 5.5 | |||||||
Minimum future amortization expense for intangible assets | ' | |||||||||||||
Minimum future amortization expense for other intangible assets at September 30, 2013 was as follows: | ||||||||||||||
Amortization | ||||||||||||||
(in thousands) | ||||||||||||||
Remainder of fiscal 2013 | $ | 360 | ||||||||||||
2014 | 1,405 | |||||||||||||
2015 | 1,032 | |||||||||||||
2016 | 928 | |||||||||||||
2017 | 928 | |||||||||||||
2018 | 266 | |||||||||||||
Thereafter | 531 | |||||||||||||
$ | 5,450 | |||||||||||||
Stock_Incentive_Plans_Tables
Stock Incentive Plans (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||
Stock-based compensation expense | ' | |||||||||||||||
Total stock-based compensation expense recognized consisted of: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(in thousands) | ||||||||||||||||
Cost of revenues | $ | 215 | $ | 80 | $ | 485 | $ | 170 | ||||||||
Sales and marketing | 322 | 85 | 709 | 256 | ||||||||||||
Research and development | 948 | 532 | 2,575 | 915 | ||||||||||||
General and administrative | 1,902 | 1,551 | 7,125 | 2,302 | ||||||||||||
$ | 3,387 | $ | 2,248 | $ | 10,894 | $ | 3,643 | |||||||||
Summary of Company's stock option activities | ' | |||||||||||||||
The following table summarizes our stock option activity under the 2009 Plan and 2011 Plan: | ||||||||||||||||
Number of | Weighted | Weighted | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Term | ||||||||||||||||
(in years) | (in thousands) | |||||||||||||||
Outstanding at January 1, 2013 | 3,461,255 | $ | 7.19 | |||||||||||||
Granted | 790,330 | $ | 23.34 | |||||||||||||
Exercised | (698,800 | ) | $ | 4.89 | ||||||||||||
Forfeited or expired | (92,046 | ) | $ | 17.1 | ||||||||||||
Outstanding at September 30, 2013 | 3,460,739 | $ | 11.08 | 7.46 | $ | 72,442 | ||||||||||
Ending vested and expected to vest at September 30, 2013 | 3,363,041 | $ | 10.89 | 7.42 | $ | 71,013 | ||||||||||
Exercisable at September 30, 2013 | 1,709,944 | $ | 6.39 | 6.15 | $ | 43,804 | ||||||||||
Stock options granted during the nine months ended September 30, 2013 were made under the 2011 Plan. There were no grants under the 2009 Plan during the nine months ended September 30, 2013. | ||||||||||||||||
Stock options activity, additional information | ' | |||||||||||||||
Following is additional information pertaining to our stock option activity: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(in thousands, except | ||||||||||||||||
per option amounts) | ||||||||||||||||
Weighted average fair value per option granted | $ | 14.15 | $ | 12.18 | $ | 11.5 | $ | 7.29 | ||||||||
Grant-date fair value of options vested | $ | 1,290 | $ | 1,155 | $ | 3,328 | $ | 1,851 | ||||||||
Intrinsic value of options exercised | $ | 8,471 | $ | 7,458 | $ | 14,867 | $ | 10,016 | ||||||||
Proceeds received from options exercised | $ | 2,378 | $ | 927 | $ | 3,420 | $ | 2,266 | ||||||||
Summary of RSU activities | ' | |||||||||||||||
RSUs | Performance Awards | |||||||||||||||
Number of | Weighted | Number of | Weighted | |||||||||||||
Shares | Average | Shares | Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||||
Fair Value | Fair Value | |||||||||||||||
Per Share | Per Share | |||||||||||||||
Outstanding at January 1, 2013 | 40,625 | $ | 8.9 | 588,000 | $ | 25.79 | ||||||||||
Granted | 273,669 | 24.9 | 124,300 | 19.6 | ||||||||||||
Released | (13,125 | ) | 13.33 | (147,000 | ) | 25.79 | ||||||||||
Forfeited or expired | (5,697 | ) | 24.87 | — | — | |||||||||||
Outstanding at September 30, 2013 | 295,472 | $ | 23.22 | 565,300 | $ | 24.43 | ||||||||||
Ending vested and expected to vest at September 30, 2013 | 269,939 | 565,300 | ||||||||||||||
Schedule of Stock Options and Employee Stock Purchase Plan Valuation Assumptions | ' | |||||||||||||||
The fair value of stock options and stock purchase rights granted under the 2009 Plan, the 2011 Plan and the ESPP were estimated at the date of grant using the Black-Scholes option valuation model with the following weighted average assumptions: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Stock option plans: | ||||||||||||||||
Risk-free interest rate | 1.72 | % | 0.87 | % | 1.08 | % | 0.87 | % | ||||||||
Expected life of options (in years) | 6.08 | 6.08 | 6.08 | 6.08 | ||||||||||||
Expected dividend yield | — | % | — | % | — | % | — | % | ||||||||
Volatility | 52 | % | 52 | % | 52 | % | 55 | % | ||||||||
Employee Stock Purchase Plan: | ||||||||||||||||
Risk-free interest rate | 0.13 | % | 0.14 | % | 0.13 | % | 0.15 | % | ||||||||
Expected life of options (in years) | 0.5 | 0.5 | 0.5 | 0.5 | ||||||||||||
Expected dividend yield | — | % | — | % | — | % | — | % | ||||||||
Volatility | 36 | % | 37 | % | 37 | % | 43 | % | ||||||||
ScheduleOfSharesOfCommonStockAvailableForFutureIssuanceUnderStockOptionPlansTextBlock [Table Text Block] | ' | |||||||||||||||
The following numbers of shares of common stock were reserved and available for future issuance at September 30, 2013: | ||||||||||||||||
Reserved | ||||||||||||||||
Shares | ||||||||||||||||
Options and awards outstanding under stock incentive plans | 4,321,511 | |||||||||||||||
Shares available for future grant under the stock incentive plan | 2,080,132 | |||||||||||||||
Shares available under the Employee Stock Purchase Plan | 852,392 | |||||||||||||||
Total | 7,254,035 | |||||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Supplemental disclosure of revenue by service type | ' | |||||||||||||||
Supplemental disclosure of revenues by type is as follows: | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(in thousands) | ||||||||||||||||
On-demand revenues | $ | 30,186 | $ | 24,040 | $ | 88,907 | $ | 62,195 | ||||||||
On-premise revenues | 2,820 | 3,416 | 9,224 | 9,736 | ||||||||||||
$ | 33,006 | $ | 27,456 | $ | 98,131 | $ | 71,931 | |||||||||
Basis_of_Presentation_and_Sign2
Basis of Presentation and Significant Accounting Policies (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Basis of Presentation and Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | $0 | $0 | $0 | $0 | ' |
Increase (Decrease) in Deferred Charges | ' | ' | 1,400,000 | ' | ' |
Deferred Commission Balance | $1,200,000 | ' | $1,200,000 | ' | $0 |
Minimum [Member] | ' | ' | ' | ' | ' |
Basis of Presentation and Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' |
Contract agreements maturity period | ' | ' | '1 year | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' |
Basis of Presentation and Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' |
Contract agreements maturity period | ' | ' | '5 years | ' | ' |
Net_Income_Loss_Per_Share_of_C2
Net Income (Loss) Per Share of Common Stock (Details Table) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Components of net income (loss) per share | ' | ' | ' | ' |
Net income | $3,360 | $6,829 | $10,958 | $15,470 |
Basic shares: | ' | ' | ' | ' |
Weighted average common shares outstanding | 26,681,974 | 25,201,404 | 26,407,572 | 22,747,911 |
Diluted shares: | ' | ' | ' | ' |
Weighted average common shares outstanding | 26,681,974 | 25,201,404 | 26,407,572 | 22,747,911 |
Effect of potentially dilutive securities: | ' | ' | ' | ' |
Weighted Average Number Diluted Shares Outstanding Adjustment | 1,941,118 | 2,207,307 | 1,922,949 | 1,735,667 |
Weighted average shares used to compute diluted net loss per share | 28,623,092 | 27,408,711 | 28,330,521 | 24,483,578 |
Net income (loss) per share: | ' | ' | ' | ' |
Basic | $0.13 | $0.27 | $0.41 | $0.68 |
Diluted | $0.12 | $0.25 | $0.39 | $0.63 |
Net_Income_Loss_Per_Share_of_C3
Net Income (Loss) Per Share of Common Stock (Details Table 1) (Employee Stock Options and Awards [Member]) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Employee Stock Options and Awards [Member] | ' | ' | ' | ' |
Antidilutive securities excluded from computation of earning per share | ' | ' | ' | ' |
Anti-dilutive securities excluded from computation of earnings per share amount | 826,879 | 158,266 | 681,394 | 175,104 |
Net_Income_Loss_Per_Share_of_C4
Net Income (Loss) Per Share of Common Stock (Details Textual) (Performance-Based Awards [Member]) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Performance-Based Awards [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Anti-dilutive securities excluded from computation of earnings per share amount | 124,300 | 721,333 | 121,541 | 721,333 |
Financial_Instruments_and_Fair2
Financial Instruments and Fair Value Measurements (Fair Value Hierarchy) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Estimate of Fair Value [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | $121,882 | $96,879 |
Level 1 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 27,128 | 41,164 |
Level 2 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 94,754 | 55,715 |
Level 3 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 0 | 0 |
Money market funds [Member] | Estimate of Fair Value [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 13,917 | 36,453 |
Money market funds [Member] | Level 1 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 13,917 | 36,453 |
Money market funds [Member] | Level 2 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 0 | 0 |
Money market funds [Member] | Level 3 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 0 | 0 |
Certificates of Deposit [Member] | Estimate of Fair Value [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 13,677 | ' |
Certificates of Deposit [Member] | Level 1 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 0 | ' |
Certificates of Deposit [Member] | Level 2 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 13,677 | ' |
Certificates of Deposit [Member] | Level 3 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 0 | ' |
Corporate Debt Securities [Member] | Estimate of Fair Value [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 29,713 | 39,148 |
Corporate Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 0 | 0 |
Corporate Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 29,713 | 39,148 |
Corporate Debt Securities [Member] | Level 3 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 0 | 0 |
Municipal Bonds [Member] | Estimate of Fair Value [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 4,483 | 6,230 |
Municipal Bonds [Member] | Level 1 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 0 | 0 |
Municipal Bonds [Member] | Level 2 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 4,483 | 6,230 |
Municipal Bonds [Member] | Level 3 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 0 | 0 |
US Government and Governmental agency obligations [Member] | Estimate of Fair Value [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 60,092 | 15,048 |
US Government and Governmental agency obligations [Member] | Level 1 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 13,211 | 4,711 |
US Government and Governmental agency obligations [Member] | Level 2 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | 46,881 | 10,337 |
US Government and Governmental agency obligations [Member] | Level 3 [Member] | ' | ' |
Fair value hierarchy of Company's financial assets on recurring basis | ' | ' |
Assets, Fair Value | $0 | $0 |
Financial_Instruments_and_Fair3
Financial Instruments and Fair Value Measurements (Carrying Amounts and Fair Value) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash | $4,848 | $7,206 | ' | ' |
Money market funds | 13,917 | 36,453 | ' | ' |
US Government Securities, at Carrying Value | 2,000 | ' | ' | ' |
US Government Agencies Securities, at Carrying Value | 886 | ' | ' | ' |
Corporate notes and obligations | ' | 455 | ' | ' |
Cash and cash equivalents | 21,651 | 44,114 | 90,306 | 23,732 |
Short-term investments, Amortized cost | 43,469 | 16,253 | ' | ' |
Short-term investments, Unrealized gains (losses) | 11 | -10 | ' | ' |
Available-for-sale Securities, Current | 43,480 | 16,243 | ' | ' |
Long-term investments, Amortized cost | 61,660 | 43,783 | ' | ' |
Long-term investments, Unrealized gains (losses) | -62 | -55 | ' | ' |
Long-term investments, Carrying or fair value | 61,598 | 43,728 | ' | ' |
Certificates of Deposit [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Short-term investments, Amortized cost | 3,675 | ' | ' | ' |
Short-term investments, Unrealized gains (losses) | -4 | ' | ' | ' |
Available-for-sale Securities, Current | 3,671 | ' | ' | ' |
Long-term investments, Amortized cost | 10,045 | ' | ' | ' |
Long-term investments, Unrealized gains (losses) | -39 | ' | ' | ' |
Long-term investments, Carrying or fair value | 10,006 | ' | ' | ' |
Corporate Note Securities | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Short-term investments, Amortized cost | 13,675 | 10,292 | ' | ' |
Short-term investments, Unrealized gains (losses) | 4 | -5 | ' | ' |
Available-for-sale Securities, Current | 13,679 | 10,287 | ' | ' |
Long-term investments, Amortized cost | 16,046 | 28,462 | ' | ' |
Long-term investments, Unrealized gains (losses) | -12 | -56 | ' | ' |
Long-term investments, Carrying or fair value | 16,034 | 28,406 | ' | ' |
Municipal Bonds [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Short-term investments, Amortized cost | 1,982 | 2,829 | ' | ' |
Short-term investments, Unrealized gains (losses) | 1 | -6 | ' | ' |
Available-for-sale Securities, Current | 1,983 | 2,823 | ' | ' |
Long-term investments, Amortized cost | 2,499 | 3,412 | ' | ' |
Long-term investments, Unrealized gains (losses) | 1 | -5 | ' | ' |
Long-term investments, Carrying or fair value | 2,500 | 3,407 | ' | ' |
US government notes [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Short-term investments, Amortized cost | 4,055 | ' | ' | ' |
Short-term investments, Unrealized gains (losses) | 3 | ' | ' | ' |
Available-for-sale Securities, Current | 4,058 | ' | ' | ' |
Long-term investments, Amortized cost | 7,154 | 4,710 | ' | ' |
Long-term investments, Unrealized gains (losses) | -1 | 1 | ' | ' |
Long-term investments, Carrying or fair value | 7,153 | 4,711 | ' | ' |
US Government Agencies Debt Securities [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Short-term investments, Amortized cost | 20,082 | 3,132 | ' | ' |
Short-term investments, Unrealized gains (losses) | 7 | 1 | ' | ' |
Available-for-sale Securities, Current | 20,089 | 3,133 | ' | ' |
Long-term investments, Amortized cost | 25,916 | 7,199 | ' | ' |
Long-term investments, Unrealized gains (losses) | -11 | 5 | ' | ' |
Long-term investments, Carrying or fair value | $25,905 | $7,204 | ' | ' |
Financial_Instruments_and_Fair4
Financial Instruments and Fair Value Measurements (Summary of Investment Maturities) (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Maturities of the Company's investments | ' |
Available-for-sale Securities, Debt Maturities, Remainder of Fiscal Year, Fair Value | $7,170 |
Available For Sale Securities, Debt Maturities, Next Fiscal Year, Fair Value | 47,354 |
Available For Sale Securities, Debt Maturities, In Two Years, Fair Value | 40,656 |
Available For Sale Securities, Debt Maturities, In Three Years, Fair Value | 9,898 |
Total | $105,078 |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets (Details Table) (Gross and Net Balances) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other Intangible Net | ' | ' |
Gross Carrying Amount | $9,434 | $9,434 |
Accumulated Amortization | -3,984 | -2,903 |
Net Intangibles | 5,450 | 6,531 |
Finite-Lived Intangible Assets, Remaining Amortization Period | '59 months 16 days | '5 years 6 months 10 days |
Developed technology [Member] | ' | ' |
Other Intangible Net | ' | ' |
Gross Carrying Amount | 1,874 | 1,874 |
Accumulated Amortization | -1,417 | -1,170 |
Net Intangibles | 457 | 704 |
Finite-Lived Intangible Assets, Remaining Amortization Period | '17 months 20 days | '2 years 2 months 10 days |
Trade Names [Member] | ' | ' |
Other Intangible Net | ' | ' |
Gross Carrying Amount | 260 | 260 |
Accumulated Amortization | -175 | -124 |
Net Intangibles | 85 | 136 |
Finite-Lived Intangible Assets, Remaining Amortization Period | '15 months | '2 years |
Customer Relationships and Contracts [Member] | ' | ' |
Other Intangible Net | ' | ' |
Gross Carrying Amount | 7,300 | 7,300 |
Accumulated Amortization | -2,392 | -1,609 |
Net Intangibles | $4,908 | $5,691 |
Finite-Lived Intangible Assets, Remaining Amortization Period | '64 months 6 days | '6 years |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets (Details Table 1) (Future Amortization) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Minimum future amortization expense for intangible assets | ' |
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year | $360 |
Finite-Lived Intangible Assets, Amortization Expense, Next Fiscal Year | 1,405 |
Finite-Lived Intangible Assets, Amortization Expense, in Two Years | 1,032 |
Finite-Lived Intangible Assets, Amortization Expense, in Three Years | 928 |
Finite-Lived Intangible Assets, Amortization Expense, in Four Years | 928 |
Finite-Lived Intangible Assets, Amortization Expense, in Five Years | 266 |
Thereafter | 531 |
Minimum future amortization expense of other intangible assets | $5,450 |
Goodwill_and_Other_Intangible_4
Goodwill and Other Intangible Assets (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' |
Goodwill, Period Increase (Decrease) | $0 | ' | $0 | ' |
Impairment of Intangible Assets, Finite-lived | 0 | 0 | 0 | 0 |
Goodwill and Other Intangible Assets (Textual) [Abstract] | ' | ' | ' | ' |
Amortization of other intangible assets | $400,000 | $400,000 | $1,081,000 | $1,226,000 |
Income_Taxes_Details_Textual
Income Taxes (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Annual effective tax rate | ' | 35.30% | -0.70% |
Federal statutory tax rate | ' | 35.00% | ' |
Research and development tax credits | $0.50 | ' | ' |
Commitments_and_Contingencies_
Commitments and Contingencies (Details Textual1) (USD $) | 3 Months Ended | 9 Months Ended |
Sep. 30, 2013 | Sep. 30, 2013 | |
Operating Leased Assets [Line Items] | ' | ' |
Lease Expiration Date | ' | 29-Apr-15 |
Operating Leases, Rent Expense, Minimum Rentals | $20,000 | ' |
Minimum [Member] | ' | ' |
Operating Leased Assets [Line Items] | ' | ' |
Operating Leases, Future Minimum Payments Due | 13,000 | 13,000 |
Maximum [Member] | ' | ' |
Operating Leased Assets [Line Items] | ' | ' |
Operating Leases, Future Minimum Payments Due | $15,000 | 15,000 |
Commitments_and_Contingencies_1
Commitments and Contingencies Commitments and Contingencies (Details Textual2) (Computer Equipment [Member], USD $) | Sep. 30, 2013 |
Computer Equipment [Member] | ' |
Capital Leased Assets [Line Items] | ' |
Capital Leases, Future Minimum Monthly Payments Due | $59,000 |
Capital Lease Term in Months | '23 months |
Stock_Incentive_Plans_Details_
Stock Incentive Plans (Details Table 3) (Stock-based compensation allocation) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Stock-based compensation expense | ' | ' | ' | ' |
Stock-based compensation by financial statement line item | $3,387 | $2,248 | $10,894 | $3,643 |
Cost of Sales [Member] | ' | ' | ' | ' |
Stock-based compensation expense | ' | ' | ' | ' |
Stock-based compensation by financial statement line item | 215 | 80 | 485 | 170 |
Selling and Marketing Expense [Member] | ' | ' | ' | ' |
Stock-based compensation expense | ' | ' | ' | ' |
Stock-based compensation by financial statement line item | 322 | 85 | 709 | 256 |
Research and Development Expense [Member] | ' | ' | ' | ' |
Stock-based compensation expense | ' | ' | ' | ' |
Stock-based compensation by financial statement line item | 948 | 532 | 2,575 | 915 |
General and Administrative Expense [Member] | ' | ' | ' | ' |
Stock-based compensation expense | ' | ' | ' | ' |
Stock-based compensation by financial statement line item | $1,902 | $1,551 | $7,125 | $2,302 |
Stock_Incentive_Plans_Details_1
Stock Incentive Plans (Details Table) (Stock Option Activity) (USD $) | 9 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Outstanding at December 31, 2012, Shares | 3,461,255 |
Options granted, Shares | 790,330 |
Options exercised, Shares | -698,800 |
Options forfeited or expired, Shares | -92,046 |
Outstanding at March 31, 2013, Shares | 3,460,739 |
Ending vested and expected to vest, Number of Shares at End of Period | 3,363,041 |
Stock option exercisable at End of Period, Shares, Ending Balance | 1,709,944 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ' |
Outstanding at December 31, 2012, weighted average exercise price, Beginning Balance | $7.19 |
Options granted, weighted average exercise price | $23.34 |
Options exercised, weighted average exercise price | $4.89 |
Options forfeited or expired, weighted average exercise price | $17.10 |
Outstanding at End of Period, weighted average exercise price, Ending Balance | $11.08 |
Ending vested and expected to vest, Weighted Average Exercise Price at End of Period | $10.89 |
Stock option exercisable at End of Period, weighted average exercise price, Ending Balance | $6.39 |
Weighted average remaining contractual term at End of Period | '7 years 5 months 17 days |
Ending vested and expected to vest, Weighted Average Remaining Contractual Term at End of Period | '7 years 5 months 2 days |
Stock option exercisable, weighted average remaining Contractual term, Ending balance | '6 years 1 month 24 days |
Aggregate Intrinsic value at End of Period | $72,442 |
Ending vested and expected to vest, Aggregate Intrinsic Value at End of Period | 71,013 |
Exercisable aggregate Intrinsic Value | $43,804 |
Stock_Incentive_Plans_Details_2
Stock Incentive Plans (Details Table 1) (Stock Option Additional Information) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Stock options activity, additional information | ' | ' | ' | ' |
Weighted average fair value per option granted | $14.15 | $12.18 | $11.50 | $7.29 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | $1,290 | $1,155 | $3,328 | $1,851 |
Intrinsic value of options exercised | 8,471 | 7,458 | 14,867 | 10,016 |
Proceeds received from options exercised | $2,378 | $927 | $3,420 | $2,266 |
Stock_Incentive_Plans_Details_3
Stock Incentive Plans (Details Table 2) (RSU and Performance Award activity) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
RSUs [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward] | ' |
Outstanding at December 31, 2012 | 40,625 |
Granted | 273,669 |
Released | -13,125 |
Forfeited or expired | 5,697 |
Outstanding at March 31, 2013 | 295,472 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments other than Options, Vested and Expected to Vest, Outstanding, Number | 269,939 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $8.90 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $24.90 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $13.33 |
Weighted Average Grant Date Fair Value Forfeited | $24.87 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $23.22 |
Performance Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward] | ' |
Outstanding at December 31, 2012 | 588,000 |
Granted | 124,300 |
Released | -147,000 |
Forfeited or expired | 0 |
Outstanding at March 31, 2013 | 565,300 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments other than Options, Vested and Expected to Vest, Outstanding, Number | 565,300 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $25.79 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $19.60 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $25.79 |
Weighted Average Grant Date Fair Value Forfeited | $0 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $24.43 |
Stock_Incentive_Plans_Details_4
Stock Incentive Plans (Details Table 4) (Fair Value Assumptions) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Stock Option [Member] | ' | ' | ' | ' |
Schedule of Stock Options and Employee Stock Purchase Plan Valuation Assumptions | ' | ' | ' | ' |
Risk-free interest rate | 1.72% | 0.87% | 1.08% | 0.87% |
Expected Life of options (in years) | '6 years 0 months 29 days | '6 years 0 months 29 days | '6 years 0 months 29 days | '6 years 0 months 29 days |
Expected dividend yield | 0.00% | 0.00% | 0.00% | 0.00% |
Volatility | 52.00% | 52.00% | 52.00% | 55.00% |
Employee Stock Purchase Plan [Member] | ' | ' | ' | ' |
Schedule of Stock Options and Employee Stock Purchase Plan Valuation Assumptions | ' | ' | ' | ' |
Risk-free interest rate | 0.13% | 0.14% | 0.13% | 0.15% |
Expected Life of options (in years) | '6 months | '6 months | '6 months | '6 months |
Expected dividend yield | 0.00% | 0.00% | 0.00% | 0.00% |
Volatility | 36.00% | 37.00% | 37.00% | 43.00% |
Stock_Incentive_Plans_Details_5
Stock Incentive Plans (Details Table 5) (Reserved Shares) | Sep. 30, 2013 |
Class of Stock [Line Items] | ' |
Reserved Shares | 7,254,035 |
Options and Awards Outstanding [Member] | ' |
Class of Stock [Line Items] | ' |
Reserved Shares | 4,321,511 |
Shares Available for Future Grant [Member] | ' |
Class of Stock [Line Items] | ' |
Reserved Shares | 2,080,132 |
Shares Available Under Employee Stock Purchase Plan [Member] | ' |
Class of Stock [Line Items] | ' |
Reserved Shares | 852,392 |
Stock_Incentive_Plans_Details_6
Stock Incentive Plans (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 0 Months Ended | 1 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 1 Months Ended | 9 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | ||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 31, 2013 | Sep. 30, 2013 | Jan. 31, 2013 | Sep. 30, 2013 | Aug. 09, 2012 | Feb. 28, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Aug. 09, 2012 | Feb. 28, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Aug. 09, 2012 | Feb. 28, 2013 | Aug. 09, 2012 | Feb. 28, 2013 | Aug. 09, 2012 | Feb. 28, 2013 | Aug. 09, 2012 | Feb. 28, 2013 | |
Employee Stock Purchase Plan [Member] | Stock Option Plans [Member] | Stock Option Plans [Member] | RSUs [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Restricted Stock [Member] | Restricted Stock Units and Performance Awards [Member] | 2009 Plan [Member] | 2011 Equity Incentive Award Plan [Member] | 2011 Equity Incentive Award Plan [Member] | Employee Stock Purchase Plan [Member] | Employee Stock Purchase Plan [Member] | Upon Issuance [Domain] | Upon Issuance [Domain] | First Anniversary [Member] | First Anniversary [Member] | Second Anniversary [Member] | Second Anniversary [Member] | Third Anniversary [Member] | Third Anniversary [Member] | |||||
Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested | ' | ' | ' | ' | ' | ' | ' | $300,000 | ' | ' | $4,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | ' | ' | 790,330 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Price | ' | ' | ' | ' | ' | $32.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Forfeiture Rate | 4.40% | 4.10% | 4.40% | 4.10% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Compensation Cost Related to unvested Stock option | ' | ' | ' | ' | ' | 12,200,000 | ' | ' | ' | ' | ' | ' | 14,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected to be recognized over a weighted average period | ' | ' | ' | ' | ' | '2 years 7 months 4 days | ' | ' | ' | ' | ' | ' | '2 years 6 months 13 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | 3,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | ' | ' | ' | ' | ' | ' | ' | ' | 147,000 | 113,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Shares of Common Stock Issuable Per Award | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 2.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 588,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | ' | ' | ' | ' | ' | ' | ' | 13,125 | ' | ' | 147,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares purchased under ESPP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 109,270 | 126,242 | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price of ESPP shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,900,000 | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized compensation cost related to employee stock purchase plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected recognized period under employee stock purchase plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 months | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum Performance Share Conversion Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '0.25 | '0.25 | '0.25 | '0.25 | '0.25 | '0.25 | '0.25 | '0.25 |
Estimated Performance Share Conversion Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual Automatic Increase in Shares Reserved for Issuance, Shares | ' | ' | ' | ' | 260,585 | ' | 1,302,926 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment_Information_Details_Ta
Segment Information (Details Table) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting Information Revenue | ' | ' | ' | ' |
Revenues | $33,006 | $27,456 | $98,131 | $71,931 |
On-demand revenues [Member] | ' | ' | ' | ' |
Segment Reporting Information Revenue | ' | ' | ' | ' |
Revenues | 30,186 | 24,040 | 88,907 | 62,195 |
On-premise revenues [Member] | ' | ' | ' | ' |
Segment Reporting Information Revenue | ' | ' | ' | ' |
Revenues | $2,820 | $3,416 | $9,224 | $9,736 |