Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Jan. 31, 2014 | Jun. 30, 2013 |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'SERVICENOW, INC. | ' | ' |
Trading Symbol | 'NOW | ' | ' |
Entity Central Index Key | '0001373715 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 141.1 | ' |
Entity Public Float | ' | ' | $2,758 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Available-for-sale Securities, Current | $268,251 | $195,702 |
Current assets: | ' | ' |
Cash and cash equivalents | 366,303 | 118,989 |
Accounts receivable, net | 108,339 | 78,163 |
Current portion of deferred commissions | 31,123 | 14,979 |
Prepaid expenses and other current assets | 23,733 | 14,256 |
Total current assets | 797,749 | 422,089 |
Deferred commissions, less current portion | 21,318 | 11,296 |
Long-term investments | 255,356 | 0 |
Property and equipment, net | 75,560 | 42,342 |
Intangible Assets, Net | 5,796 | 596 |
Goodwill | 8,724 | 0 |
Other assets | 3,973 | 1,791 |
Total assets | 1,168,476 | 478,114 |
Current liabilities: | ' | ' |
Accounts payable | 7,405 | 9,604 |
Accrued expenses and other current liabilities | 68,130 | 48,059 |
Current portion of deferred revenue | 252,553 | 153,964 |
Total current liabilities | 328,088 | 211,627 |
Deferred Revenue, Noncurrent | 14,169 | 16,397 |
Convertible senior notes, net | 414,777 | 0 |
Other long-term liabilities | 17,183 | 6,685 |
Total liabilities | 774,217 | 234,709 |
Commitments and contingencies | ' | ' |
Stockholders’ equity: | ' | ' |
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding | 0 | 0 |
Common stock $0.001 par value; 600,000,000 shares authorized; 140,354,605 and 126,367,700 shares issued and outstanding at December 31, 2013 and 2012, respectively | 140 | 126 |
Additional paid-in capital | 573,791 | 348,803 |
Accumulated other comprehensive loss | -476 | -36 |
Accumulated deficit | -179,196 | -105,488 |
Total stockholders’ equity | 394,259 | 243,405 |
Total liabilities and stockholders’ equity | $1,168,476 | $478,114 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Preferred Stock , Par Value | $0.00 | $0.00 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Issued | ' | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par Value | $0.00 | $0.00 |
Common Stock, Shares Authorized | 600,000,000 | 600,000,000 |
Common Stock, Shares Issued | 140,354,605 | 126,367,700 |
Common Stock, Shares, Outstanding | 140,354,605 | 126,367,700 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 6 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |||||
Revenues: | ' | ' | ' | ' | ' | |||||
Subscription | $64,886 | $33,191 | $349,804 | $204,526 | $79,191 | |||||
Professional services and other | 8,489 | 4,753 | 74,846 | 39,186 | 13,450 | |||||
Total revenues | 73,375 | 37,944 | 424,650 | 243,712 | 92,641 | |||||
Cost of revenues: | ' | ' | ' | ' | ' | |||||
Subscription | 15,073 | [1] | 6,096 | [1] | 87,928 | [1] | 63,258 | [1] | 15,311 | [1] |
Professional services and other | 12,850 | [1] | 6,778 | [1] | 67,331 | [1] | 40,751 | [1] | 16,264 | [1] |
Total cost of revenues | 27,923 | [1] | 12,874 | [1] | 155,259 | [1] | 104,009 | [1] | 31,575 | [1] |
Gross profit | 45,452 | [1] | 25,070 | [1] | 269,391 | [1] | 139,703 | [1] | 61,066 | [1] |
Operating expenses: | ' | ' | ' | ' | ' | |||||
Sales and Marketing | 32,501 | [1] | 13,728 | [1] | 195,190 | [1] | 103,837 | [1] | 34,123 | [1] |
Research and development | 7,030 | [1] | 2,758 | [1] | 78,678 | [1] | 39,333 | [1] | 7,004 | [1] |
General and administrative | 10,084 | [1] | 3,417 | [1] | 61,790 | [1] | 34,117 | [1] | 9,379 | [1] |
Total operating expenses | 49,615 | [1] | 19,903 | [1] | 335,658 | [1] | 177,287 | [1] | 50,506 | [1] |
Income (loss) from operations | -4,163 | [1] | 5,167 | [1] | -66,267 | [1] | -37,584 | [1] | 10,560 | [1] |
Interest and other income (expense), net | -1,446 | 289 | -4,930 | 1,604 | 606 | |||||
Income (loss) before provision for income taxes | -5,609 | 5,456 | -71,197 | -35,980 | 11,166 | |||||
Provision for income taxes | 1,075 | 653 | 2,511 | 1,368 | 1,336 | |||||
Net income (loss) | -6,684 | 4,803 | -73,708 | -37,348 | 9,830 | |||||
Net income (loss) available to common stockholders, Basic | -6,996 | 762 | -73,708 | -37,656 | 1,639 | |||||
Net income (loss) available to common stockholders, Diluted | -6,996 | 1,111 | -73,708 | -37,656 | 2,310 | |||||
Net income (loss) per share attributable to common stockholders: | ' | ' | ' | ' | ' | |||||
Basic | ($0.33) | $0.04 | ($0.54) | ($0.51) | $0.09 | |||||
Diluted | ($0.33) | $0.04 | ($0.54) | ($0.51) | $0.08 | |||||
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders: | ' | ' | ' | ' | ' | |||||
Basic | 21,104,219 | 17,156,445 | 135,415,809 | 73,908,631 | 18,163,977 | |||||
Diluted | 21,104,219 | 27,622,357 | 135,415,809 | 73,908,631 | 28,095,486 | |||||
Other comprehensive income (loss): | ' | ' | ' | ' | ' | |||||
Foreign currency translation adjustments | 807 | -49 | -303 | -830 | 167 | |||||
Unrealized loss on investments | 0 | 0 | -137 | -105 | 0 | |||||
Provision for (benefit from) income taxes | 26 | -14 | 0 | 0 | 57 | |||||
Other comprehensive income (loss), net | 781 | -35 | -440 | -935 | 110 | |||||
Comprehensive income (loss) | ($5,903) | $4,768 | ($74,148) | ($38,283) | $9,940 | |||||
[1] | Includes stock-based compensation as follows: Year Ended December 31, Six Months Ended December 31, Fiscal Year Ended June 30, 2013 2012 2011 2010 2011 (Unaudited) Cost of revenues: Subscription$8,434 $3,929 $674 $225 $548Professional services and other4,749 1,574 193 37 117Sales and marketing21,609 10,189 2,010 431 1,004Research and development16,223 6,496 704 207 468General and administrative14,566 5,749 2,056 221 817 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $) | 6 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 |
Share-based Compensation | $5,637 | $1,121 | $65,581 | $27,937 | $2,954 |
Cost Of Revenues Subscription [Member] | ' | ' | ' | ' | ' |
Share-based Compensation | 674 | 225 | 8,434 | 3,929 | 548 |
Cost Of Revenues Professional Services And Other [Member] | ' | ' | ' | ' | ' |
Share-based Compensation | 193 | 37 | 4,749 | 1,574 | 117 |
Sales And Marketing [Member] | ' | ' | ' | ' | ' |
Share-based Compensation | 2,010 | 431 | 21,609 | 10,189 | 1,004 |
Research And Development [Member] | ' | ' | ' | ' | ' |
Share-based Compensation | 704 | 207 | 16,223 | 6,496 | 468 |
General and administrative [Member] | ' | ' | ' | ' | ' |
Share-based Compensation | $2,056 | $221 | $14,566 | $5,749 | $817 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' Equity (Deficit) (USD $) | Total | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Income (Loss) | Series C redeemable convertible preferred stock | Series A redeemable convertible preferred stock | Series B redeemable convertible preferred stock | Series D convertible preferred stock |
In Thousands, except Share data | |||||||||
Beginning Balance at Jun. 30, 2010 | ($71,262) | $16 | $0 | ($71,286) | $8 | $5,930 | $3,504 | $6,548 | $51,245 |
Beginning Balance (in shares) at Jun. 30, 2010 | ' | 16,493,488 | ' | ' | ' | 983,606 | 2,500,000 | 3,988,636 | 2,990,635 |
Conversion of preferred stock to common stock upon initial public offering | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon follow-on offering, net of issuance costs | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans (in shares) | ' | 4,279,456 | ' | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans | 446 | 5 | 441 | ' | ' | ' | ' | ' | ' |
Tax benefit from employee stock plans | 138 | ' | 138 | ' | ' | ' | ' | ' | ' |
Vesting of early exercised stock options | 36 | ' | 36 | ' | ' | ' | ' | ' | ' |
Stock-based compensation | 2,954 | ' | 2,954 | ' | ' | ' | ' | ' | ' |
Accretion of preferred stock dividends and issuance costs | -633 | ' | -633 | ' | ' | 18 | 200 | 415 | ' |
Other comprehensive income (loss), net | 110 | ' | ' | ' | 110 | ' | ' | ' | ' |
Net income (loss) | 9,830 | ' | ' | 9,830 | ' | ' | ' | ' | ' |
Ending Balance at Jun. 30, 2011 | -58,381 | 21 | 2,936 | -61,456 | 118 | 5,948 | 3,704 | 6,963 | 51,245 |
Ending Balance (in shares) at Jun. 30, 2011 | ' | 20,772,944 | ' | ' | ' | 983,606 | 2,500,000 | 3,988,636 | 2,990,635 |
Conversion of preferred stock to common stock upon initial public offering | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon follow-on offering, net of issuance costs | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans (in shares) | ' | 1,469,118 | ' | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans | 1,284 | 1 | 1,283 | ' | ' | ' | ' | ' | ' |
Tax benefit from employee stock plans | 41 | ' | 41 | ' | ' | ' | ' | ' | ' |
Vesting of early exercised stock options | 208 | ' | 208 | ' | ' | ' | ' | ' | ' |
Buyback and retirement of common stock (shares) | ' | 12,084 | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation | 5,637 | ' | 5,637 | ' | ' | ' | ' | ' | ' |
Accretion of preferred stock dividends and issuance costs | -312 | ' | -312 | ' | ' | 9 | 101 | 202 | ' |
Other comprehensive income (loss), net | 781 | ' | ' | ' | 781 | ' | ' | ' | ' |
Net income (loss) | -6,684 | ' | ' | -6,684 | ' | ' | ' | ' | ' |
Ending Balance at Dec. 31, 2011 | -57,426 | 22 | 9,793 | -68,140 | 899 | 5,957 | 3,805 | 7,165 | 51,245 |
Ending Balance (in shares) at Dec. 31, 2011 | ' | 22,229,978 | ' | ' | ' | 983,606 | 2,500,000 | 3,988,636 | 2,990,635 |
Issuance of common stock upon initial public offering, net of offering costs (in shares) | ' | 10,350,000 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon initial public offering, net of offering costs | 169,784 | 10 | 169,774 | ' | ' | ' | ' | ' | ' |
Conversion of preferred stock to common stock upon initial public offering (in shares) | ' | -83,703,016 | ' | ' | ' | 983,606 | 2,500,000 | 3,988,636 | 2,990,635 |
Conversion of preferred stock to common stock upon initial public offering | 68,480 | 84 | 68,396 | ' | ' | -5,966 | -3,905 | -7,364 | -51,245 |
Issuance of common stock upon follow-on offering, net of issuance costs (in shares) | ' | 1,897,500 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon follow-on offering, net of issuance costs | -50,561 | 2 | 49,848 | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans (in shares) | 6,654,558 | 6,654,558 | ' | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans | 4,053 | 6 | 4,047 | ' | ' | ' | ' | ' | ' |
Issuance of common stock to third party investors, net of issuance costs (in shares) | ' | 1,750,980 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock to third party investors, net of issuance costs | 17,848 | 2 | 17,846 | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans | 49,850 | ' | ' | ' | ' | ' | ' | ' | ' |
Tax benefit from employee stock plans | 1,694 | ' | 1,694 | ' | ' | ' | ' | ' | ' |
Vesting of early exercised stock options | 1,606 | ' | 1,606 | ' | ' | ' | ' | ' | ' |
Buyback of restricted common stock (in shares) | ' | -34,168 | ' | ' | ' | ' | ' | ' | ' |
Buyback and retirement of common stock (shares) | ' | -184,164 | ' | ' | ' | ' | ' | ' | ' |
Buyback and retirement of common stock | -1,960 | ' | -1,960 | ' | ' | ' | ' | ' | ' |
Stock-based compensation | 28,067 | ' | 28,067 | ' | ' | ' | ' | ' | ' |
Accretion of preferred stock dividends and issuance costs | -308 | ' | -308 | ' | ' | 9 | 100 | 199 | ' |
Other comprehensive income (loss), net | -935 | ' | ' | ' | -935 | ' | ' | ' | ' |
Net income (loss) | -37,348 | ' | ' | -37,348 | ' | ' | ' | ' | ' |
Ending Balance at Dec. 31, 2012 | 243,405 | 126 | 348,803 | -105,488 | -36 | 0 | 0 | 0 | 0 |
Ending Balance (in shares) at Dec. 31, 2012 | ' | 126,367,700 | ' | ' | ' | 0 | 0 | 0 | 0 |
Conversion of preferred stock to common stock upon initial public offering | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon follow-on offering, net of issuance costs | 698 | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans (in shares) | 12,951,123 | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans (in shares) | ' | 13,986,905 | ' | ' | ' | ' | ' | ' | ' |
Common stock issued under employee stock plans | 56,498 | 14 | 56,484 | ' | ' | ' | ' | ' | ' |
Tax benefit from employee stock plans | 1,658 | ' | 1,658 | ' | ' | ' | ' | ' | ' |
Vesting of early exercised stock options | 381 | ' | 381 | ' | ' | ' | ' | ' | ' |
Stock-based compensation | 65,694 | ' | 65,694 | ' | ' | ' | ' | ' | ' |
Equity component of the convertible notes, net | 152,061 | ' | 152,061 | ' | ' | ' | ' | ' | ' |
Purchase of convertible note hedge | -135,815 | ' | -135,815 | ' | ' | ' | ' | ' | ' |
Sales of warrants | 84,525 | ' | 84,525 | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss), net | -440 | ' | ' | ' | -440 | ' | ' | ' | ' |
Net income (loss) | -73,708 | ' | ' | -73,708 | ' | ' | ' | ' | ' |
Ending Balance at Dec. 31, 2013 | $394,259 | $140 | $573,791 | ($179,196) | ($476) | $0 | $0 | $0 | $0 |
Ending Balance (in shares) at Dec. 31, 2013 | ' | 140,354,605 | ' | ' | ' | 0 | 0 | 0 | 0 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |
Cash flows from operating activities: | ' | ' | ' | ' | ' | |
Net income (loss) | ($6,684) | $4,803 | ($73,708) | ($37,348) | $9,830 | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' | ' | ' | ' | |
Depreciation and amortization | 2,045 | 502 | 24,152 | 13,506 | 1,472 | |
Amortization of premiums on investments | 0 | 0 | 4,758 | 1,337 | 0 | |
Amortization of deferred commissions | 3,492 | 1,642 | 29,364 | 13,710 | 4,023 | |
Amortization of debt discount and issuance costs | 0 | 0 | 3,498 | 0 | 0 | |
Share-based Compensation | 5,637 | 1,121 | 65,581 | 27,937 | 2,954 | |
Tax benefit from employee stock plans | -41 | -117 | -1,658 | -1,694 | -138 | |
Deferred income tax | 0 | 0 | -231 | -746 | 0 | |
Other | 72 | 0 | 558 | 2,850 | 60 | |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | |
Accounts receivable | -20,365 | -7,631 | -29,506 | -33,341 | -14,762 | |
Deferred commissions | -8,313 | -2,180 | -54,943 | -29,175 | -5,568 | |
Prepaid expenses and other assets | -1,445 | -648 | 3,471 | -2,904 | [1] | -3,180 |
Accounts payable | 1,490 | -845 | -252 | 4,887 | 254 | |
Deferred revenue | 29,990 | 12,557 | 94,405 | 64,845 | 33,915 | |
Accrued expenses and other liabilities | 7,342 | 1,507 | 16,257 | 24,902 | 8,608 | |
Net cash provided by operating activities | 13,220 | 10,711 | 81,746 | 48,766 | 37,468 | |
Cash flows from investing activities: | ' | ' | ' | ' | ' | |
Purchases of property and equipment | -7,959 | -2,057 | -55,321 | -42,066 | -8,733 | |
Acquisition, net of cash acquired | 0 | 0 | -13,330 | 0 | 0 | |
Purchases of investments | 0 | 0 | -570,679 | -240,626 | 0 | |
Sale of investments | 0 | 0 | -55,158 | -1,025 | 0 | |
Maturities of investments | 0 | 0 | 181,554 | 42,473 | 0 | |
Restricted cash | 0 | 200 | -177 | 45 | 350 | |
Net cash used in investing activities | -7,959 | -1,857 | -402,795 | -239,149 | -8,383 | |
Cash flows from financing activities: | ' | ' | ' | ' | ' | |
Net proceeds from initial public offering | 0 | 0 | 0 | 169,784 | 0 | |
Net proceeds from (offering costs paid in connection with) follow-on offering | 0 | 0 | -698 | 50,561 | 0 | |
Net proceeds from borrowings on convertible senior notes | 0 | 0 | 562,941 | 0 | 0 | |
Proceeds from issuance of warrants | 0 | 0 | 84,525 | 0 | 0 | |
Purchase of convertible note hedge | 0 | 0 | -135,815 | 0 | 0 | |
Proceeds from employee stock plans | ' | ' | 55,959 | ' | ' | |
Proceeds from employee stock plans | 2,128 | 105 | ' | 3,912 | 1,089 | |
Tax benefit from employee stock plans | 41 | 117 | 1,658 | 1,694 | 138 | |
Net proceeds from issuance of common stock | 0 | 0 | 0 | 17,848 | 0 | |
Purchases of common stock and restricted stock from stockholders | -15 | 0 | 0 | -1,960 | 0 | |
Net cash provided by financing activities | 2,154 | 222 | 568,570 | 241,839 | 1,227 | |
Foreign currency effect on cash and cash equivalents | 820 | -21 | -207 | -555 | 139 | |
Net increase in cash and cash equivalents | 8,235 | 9,055 | 247,314 | 50,901 | 30,451 | |
Cash and cash equivalents at beginning of period | 59,853 | 29,402 | 118,989 | 68,088 | 29,402 | |
Cash and cash equivalents at end of period | 68,088 | 38,457 | 366,303 | 118,989 | 59,853 | |
Supplemental disclosures of other cash flow information: | ' | ' | ' | ' | ' | |
Taxes paid | 360 | 0 | 920 | 1,524 | 1,403 | |
Non-cash investing and financing activities: | ' | ' | ' | ' | ' | |
Conversion of preferred stock to common stock | 0 | 0 | 0 | 68,480 | 0 | |
Property and equipment included in accounts payable and accrued expenses | 6,296 | 369 | 3,741 | 1,234 | 756 | |
Exercise of stock options included in prepaid and other assets | 0 | 0 | 10 | 1,089 | 0 | |
Offering costs not yet paid | $0 | $0 | $0 | $711 | $0 | |
[1] | Includes $5.3 million payment received from our founder during the year ended December 31, 2012. Refer to Note 16. |
Consolidated_Statements_of_Cas1
Consolidated Statements of Cash Flows (Parenthetical) (USD $) | 1 Months Ended | 6 Months Ended | 12 Months Ended | |||
In Millions, unless otherwise specified | Apr. 30, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 |
Statement of Cash Flows [Abstract] | ' | ' | ' | ' | ' | ' |
Payment of withholding taxes receivable included in prepaid and expenses and other assets | $5.30 | $0 | $0 | $0 | $5.30 | $0 |
Description_of_Business
Description of Business | 12 Months Ended |
Dec. 31, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Description of Business | ' |
Description of the Business | |
ServiceNow is a leading provider of cloud-based services to automate and manage IT service relationships across the global enterprise. Our services include a suite of IT service automation applications built on our proprietary platform that can be rapidly deployed and configured. Customers use our services to create a single system of record for enterprise IT, automate manual tasks, standardize processes and consolidate legacy systems. Using ServiceNow, enterprise IT departments can accelerate their shift from the management of IT infrastructure to the management of IT service relationships across the enterprise with greater transparency, accountability and auditability. Our proprietary platform enables our customers to create custom applications and evolve the IT service model to service domains inside and outside the enterprise. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||||||||
Summary of Significant Accounting Policies | |||||||||||||||||
Principles of Consolidation | |||||||||||||||||
The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles, or GAAP, and include our accounts and the accounts of our wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation. | |||||||||||||||||
Fiscal Year Change | |||||||||||||||||
On February 3, 2012, our board of directors approved a change to our fiscal year end from June 30 to December 31. Included in this report is the transition period for the six months ended December 31, 2011. Accordingly, we included the unaudited consolidated statements of comprehensive income (loss) and cash flows for the six months ended December 31, 2010 for comparative purposes. In the opinion of management, the unaudited consolidated financial information reflects all adjustments, consisting of normal and recurring adjustments, necessary for the fair statement of the results of our operations and our cash flows for the six months ended December 31, 2010. References to "fiscal 2011" refer to the fiscal year ended June 30, 2011. | |||||||||||||||||
Use of Estimates | |||||||||||||||||
The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well as reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |||||||||||||||||
Segments | |||||||||||||||||
We define the term “chief operating decision maker” to be our Chief Executive Officer. Our chief operating decision maker allocates resources and assesses financial performance based upon discrete financial information at the consolidated level. Accordingly, we have determined that we operate in a single reporting segment. | |||||||||||||||||
Foreign Currency Translation | |||||||||||||||||
The functional currencies for our foreign subsidiaries are primarily their local currencies. Assets and liabilities of the wholly-owned foreign subsidiaries are translated into U.S. dollars at exchange rates in effect at each period end. Amounts classified in stockholders’ equity are translated at historical exchange rates. Revenues and expenses are translated at the average exchange rates during the period. The resulting translation adjustments are recorded in accumulated other comprehensive income (loss) as a component of stockholders’ equity. Foreign currency transaction gains and losses are included in interest and other income (expense), net within the consolidated statements of comprehensive income (loss). | |||||||||||||||||
Allocation of Overhead Costs | |||||||||||||||||
Overhead costs associated with facilities, IT and certain depreciation related to non cloud-based infrastructure hardware equipment are allocated to cost of revenues and operating expenses based on headcount. Depreciation related to our cloud-based infrastructure hardware equipment is classified as cost of subscription revenues. | |||||||||||||||||
Revenue Recognition | |||||||||||||||||
We derive our revenues from two sources: (i) subscriptions and (ii) professional services and other. Subscription revenues are primarily comprised of subscription fees that give customers access to the ordered subscription service, related support and updates to the subscribed service during the subscription term. | |||||||||||||||||
Our contracts typically do not give the customer the right to take possession of the software supporting the services. Professional services and other revenues consist of fees associated with the implementation and configuration of our services. Professional services and other revenues also include customer training and attendance and sponsorship fees for Knowledge, our annual user conference. | |||||||||||||||||
We commence revenue recognition when all of the following conditions are met: | |||||||||||||||||
• | There is persuasive evidence of an arrangement; | ||||||||||||||||
• | The service has been provided to the customer; | ||||||||||||||||
• | The collection of related fees is reasonably assured; and | ||||||||||||||||
• | The amount of fees to be paid by the customer is fixed or determinable. | ||||||||||||||||
We use a signed contract together with a signed order form or a purchase order as evidence of an arrangement for a new customer. In subsequent transactions with an existing customer, including an upsell or a renewal, we consider the existing signed contract and either the new signed order form or new purchase order as evidence of an arrangement. | |||||||||||||||||
We recognize subscription revenues ratably over the contract term beginning on the commencement date of each contract, the date we make our services available to our customers. Once our services are available to customers, we record amounts due in accounts receivable and in deferred revenue. We price professional services primarily on a time-and-materials basis and recognize professional services revenues as the services are delivered using a proportional performance model. Such services are delivered over a short period of time. In instances where final acceptance of the services are required before revenues are recognized, we defer professional services revenues and the associated costs until all acceptance criteria have been met. | |||||||||||||||||
We assess collectibility based on a number of factors such as past collection history with the customer and creditworthiness of the customer. If we determine collectibility is not reasonably assured, we defer revenue recognition until collectibility becomes reasonably assured. We assess whether the fee is fixed or determinable based on the payment terms associated with the transaction and whether the sales price is subject to refund or adjustment. Our arrangements do not include general rights of return. | |||||||||||||||||
We have multiple element arrangements comprised of subscription fees and professional services. In October 2009, the Financial Accounting Standards Board, or FASB, ratified authoritative accounting guidance regarding revenue recognition for arrangements with multiple deliverables effective for fiscal periods beginning on or after June 15, 2010. As a result, this guidance was applied to all revenue arrangements entered into or materially modified since July 1, 2010. For fiscal 2011, total revenues increased $6.4 million and deferred revenue decreased $6.4 million due to adoption of the new guidance. | |||||||||||||||||
Upon adoption of this authoritative accounting guidance, we began to account for subscription and professional services revenues as separate units of accounting. To qualify as a separate unit of accounting, the delivered item must have value to the customer on a standalone basis. We have concluded that our subscription service has standalone value as it is routinely sold separately by us. In addition, the applications offered through this subscription service are fully functional without any additional development, modification or customization. We provide customers access to our subscription service at the beginning of the contract term. In determining whether professional services have standalone value, we considered the following factors for each professional services agreement: availability of the services from other vendors, the nature of the professional services, the timing of when the professional services contract was signed in comparison to the subscription service start date and the contractual dependence of the subscription service on the customer’s satisfaction with the professional services work. Our professional services, including implementation and configuration services, are not so unique and complex that other vendors cannot provide them. In some instances, customers independently contract with third-party vendors to do the implementation and we regularly outsource implementation services to contracted third-party vendors. As a result, we concluded professional services, including implementation and configuration services, have standalone value. | |||||||||||||||||
We determine the selling price of each deliverable in the arrangement using the selling price hierarchy. Under the selling price hierarchy, the selling price for each deliverable is determined using vendor-specific objective evidence, or VSOE, of selling price or third-party evidence, or TPE, of selling price if VSOE does not exist. If neither VSOE nor TPE of selling price exists for a deliverable, the selling price is determined using the best estimate of selling price, or BESP. The selling price for each unit of accounting is based on the BESP since VSOE and TPE are not available for our subscription service or professional services and other. The BESP for each deliverable is determined primarily by considering the historical selling price of these deliverables in similar transactions as well as other factors, including, but not limited to, market competition, review of stand-alone sales and current pricing practices. In determining the appropriate pricing structure, we consider the extent of competitive pricing of similar products and marketing analysis. The total arrangement fee for these multiple element arrangements is then allocated to the separate units of accounting based on the relative selling price. The BESP for our subscription service is based upon the historical selling price of these deliverables. | |||||||||||||||||
In limited circumstances, we grant certain customers the right to deploy our subscription service on the customers’ own servers without significant penalty. These arrangements are subject to software revenue recognition guidance since the customer deploys our software. We have analyzed all of the elements in these particular multiple element arrangements and determined that we do not have sufficient VSOE of fair value to allocate revenue to our subscription service and professional services. Consequently, we defer all revenue and related costs under the arrangement until the last element in the transaction has been delivered or started to be delivered. Once the subscription service and the professional services have commenced, we recognize the entire fee and related costs from the arrangement ratably over the remaining period of the arrangement. | |||||||||||||||||
Deferred Revenue | |||||||||||||||||
Deferred revenue consists primarily of payments received in advance of revenue recognition for our subscriptions and professional services and other revenues and is recognized as the revenue recognition criteria are met. We generally invoice our customers in annual installments for our subscription service. Accordingly, the deferred revenue balance does not represent the total contract value of annual or multi-year subscription license agreements. Deferred revenue that will be recognized during the succeeding 12-month period is recorded as current portion of deferred revenue and the remaining portion is recorded as long-term. | |||||||||||||||||
Deferred Commissions | |||||||||||||||||
Deferred commissions are the incremental selling costs that are directly associated with our non-cancelable subscription contracts with customers and consist of sales commissions paid to our direct sales force and referral fees paid to independent third-parties. The majority of commissions and referral fees are deferred and amortized on a straight-line basis over the non-cancelable terms of the related customer contracts. We include amortization of deferred commissions in sales and marketing expense in the consolidated statements of comprehensive income (loss). | |||||||||||||||||
Fair Value Measurements | |||||||||||||||||
We apply fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized in the financial statements on a non-recurring basis or disclosed at fair value in the financial statements on a recurring basis. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We use a fair value hierarchy that is based on three levels of inputs, of which the first two are considered observable and the last unobservable. The three levels of the fair value hierarchy are as follows: | |||||||||||||||||
Level 1—Quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access; | |||||||||||||||||
Level 2—Inputs other than Level 1 that are directly or indirectly observable, such as quoted prices for identical or similar assets and liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities, such as interest rates, yield curves and foreign currency spot rates; and | |||||||||||||||||
Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. | |||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||
Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less. Cash and cash equivalents are stated at cost, which approximates fair value. | |||||||||||||||||
Investments | |||||||||||||||||
Investments consist of commercial paper, corporate notes and bonds and U.S. government agency securities. We classify investments as available-for-sale at the time of purchase and reevaluate such classification as of each balance sheet date. All investments are recorded at estimated fair value. Unrealized gains and losses for available-for-sale securities are included in accumulated other comprehensive income (loss), a component of stockholders’ equity (deficit). We evaluate our investments to assess whether those with unrealized loss positions are other than temporarily impaired. We consider impairments to be other than temporary if they are related to deterioration in credit risk or if it is likely we will sell the securities before the recovery of their cost basis. Realized gains and losses and declines in value judged to be other than temporary are determined based on the specific identification method and are reported in interest and other income (expense), net in the consolidated statements of comprehensive income (loss). | |||||||||||||||||
Accounts Receivable | |||||||||||||||||
We record trade accounts receivable at the net invoice value and such receivables are non-interest bearing. We consider receivables past due based on the contractual payment terms. We review our exposure to accounts receivable and reserve for specific amounts if collectibility is no longer reasonably assured. | |||||||||||||||||
Property and Equipment | |||||||||||||||||
Property and equipment, net, are stated at cost, subject to review of impairment, and depreciated using the straight-line method over the estimated useful lives of the assets as follows: | |||||||||||||||||
Computer equipment and software | 3—5 years | ||||||||||||||||
Furniture and fixtures | 3—5 years | ||||||||||||||||
Leasehold improvements | shorter of the lease term or estimated useful life | ||||||||||||||||
When assets are sold, or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in operating expenses. Repairs and maintenance are charged to operations as incurred. | |||||||||||||||||
Capitalized Software Costs | |||||||||||||||||
Costs incurred to develop our internal administration, finance and accounting systems are capitalized during the application development stage and amortized over the software’s estimated useful life of three to five years. | |||||||||||||||||
Leases | |||||||||||||||||
Leases are reviewed and classified as capital or operating at their inception. For leases that contain rent escalations or periods during the lease term where rent is not required, we recognize rent expense based on allocating the total rent payable on a straight-line basis over the term of the lease excluding lease extension periods. The difference between rent payments and straight-line rent expense is recorded as deferred rent in the consolidated balance sheets. Deferred rent that will be recognized during the succeeding 12-month period is recorded as the current portion of deferred rent and the remainder is recorded as long-term deferred rent. | |||||||||||||||||
Goodwill, Intangible Assets and Other Long Lived Assets | |||||||||||||||||
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. We evaluate and test the recoverability of goodwill for impairment at least annually, or more frequently if circumstances indicate that goodwill may not be recoverable. | |||||||||||||||||
Intangible assets are amortized over their useful lives ranging from 18 months to six years. Each period we evaluate the estimated remaining useful life of purchased intangible assets to determine whether events or changes in circumstances warrant a revision to the remaining period of amortization. | |||||||||||||||||
We periodically review the carrying amounts of these assets for impairment whenever events or changes in circumstances indicate that the carrying value of these assets may not be recoverable. We measure the recoverability of these assets by comparing the carrying amount of each asset to the future undiscounted cash flows we expect the asset to generate. If we consider any of these assets to be impaired, the impairment to be recognized equals the amount by which the carrying value of the asset exceeds its fair market value. | |||||||||||||||||
Convertible Preferred Stock | |||||||||||||||||
Prior to the closing of the initial public offering, or IPO, we had four series of convertible preferred stock outstanding. We recorded the convertible preferred stock at fair value on the dates of issuance, net of issuance costs. We classified the convertible preferred stock outside of stockholders’ equity because the shares contained liquidation features that were not solely within our control. | |||||||||||||||||
Upon the closing of our IPO on July 5, 2012, all of the outstanding 10,462,877 shares of convertible preferred stock automatically converted into an aggregate of 83,703,016 shares of common stock. As of December 31, 2013 and 2012, we had no shares of preferred stock outstanding. | |||||||||||||||||
Stock-based Compensation | |||||||||||||||||
We recognize compensation expense related to stock options and restricted stock units, or RSUs, on a straight-line basis over the requisite service period, which is generally the vesting term of four years. We recognize compensation expense related to shares issued pursuant to the employee stock purchase plan, or ESPP, on a straight-line basis over the offering period. We recognize compensation expense net of estimated forfeiture activity. We estimate the fair value of options using the Black-Scholes options pricing model and fair value of RSUs using the fair value of our common stock on the date of grant. | |||||||||||||||||
Net Income (Loss) Per Share Attributable to Common Stockholders | |||||||||||||||||
We compute net income (loss) attributable to common stockholders using the two-class method required for participating securities. We consider our convertible preferred stock that was outstanding prior to the close of our IPO and shares of common stock subject to repurchase resulting from the early exercise of stock options to be participating securities since they contain non-forfeitable rights to dividends or dividend equivalents in the event we declare a dividend for common stock. In accordance with the two-class method, earnings allocated to these participating securities, are subtracted from net income after deducting preferred stock dividends and accretion to the redemption value of the Series A, Series B and Series C to determine total undistributed earnings to be allocated to common stockholders. The holders of our convertible preferred stock did not have a contractual obligation to share in our net losses and such shares were excluded from the computation of basic earnings per share in periods of net loss. | |||||||||||||||||
Basic net income (loss) per share attributable to common stockholders is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. All participating securities are excluded from basic weighted-average common shares outstanding. Diluted net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, adjusted for the effects of dilutive common shares, which are comprised of outstanding common stock options, convertible preferred stock, RSUs, common stock subject to repurchase, ESPP obligations, convertible senior notes and warrants. The dilutive potential common shares are computed using the treasury stock method or the as-if converted method, as applicable. In periods where the effect of the conversion of preferred stock is dilutive, net income (loss) attributable to common stockholders is adjusted by the associated preferred dividends and accretions. The effects of outstanding common stock options, convertible preferred stock, RSUs, common stock subject to repurchase, ESPP obligations, convertible senior notes and warrants are excluded from the computation of diluted net income (loss) per common share in periods in which the effect would be antidilutive. | |||||||||||||||||
Concentration of Credit Risk and Significant Customers | |||||||||||||||||
Financial instruments potentially exposing us to credit risk consist primarily of cash, cash equivalents, investments, accounts receivable. We maintain cash, cash equivalents and investments at financial institutions that management believes are high credit, quality financial institutions. We invest in securities with a minimum rating of A by Standard & Poor's and A-2 by Moody's. We are also exposed to credit risk under the convertible note hedge ("Note Hedge") transactions that may result from counterparties' non-performance. | |||||||||||||||||
Credit risk arising from accounts receivable is mitigated due to our large number of customers and their dispersion across various industries and geographies. As of December 31, 2013 and 2012, there were no customers that represented more than 10% of our accounts receivable balance. There were no customers that individually exceeded 10% of our revenues in any of the periods presented. | |||||||||||||||||
We review the composition of the accounts receivable balance, historical write-off experience and the potential risk of loss associated with delinquent accounts to determine if an allowance for doubtful accounts is necessary. Individual accounts receivable are written off when we become aware of a specific customer’s inability to meet its financial obligation, and all collection efforts are exhausted. The following table presents the changes in the allowance for doubtful accounts (in thousands): | |||||||||||||||||
Balance at Beginning of Year | Additions: Charged to Operations | Additions: Charged to Deferred Revenue | Less: | Balance at End of Year | |||||||||||||
Write-offs | |||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Allowance for doubtful accounts | $ | 742 | (43 | ) | 946 | 502 | $ | 1,143 | |||||||||
Year ended December 31, 2012 | |||||||||||||||||
Allowance for doubtful accounts | $ | — | 570 | 172 | — | $ | 742 | ||||||||||
Warranties and Indemnification | |||||||||||||||||
Our cloud-based service to automate enterprise IT operations is typically warranted to perform in material conformance with specifications. | |||||||||||||||||
We include service level commitments to our customers that permit those customers to receive credits in the event we fail to meet those levels. We establish an accrual based on historical credits paid and an evaluation of the performance of our services including an assessment of the impact, if any, of any known service disruptions. Service level credit accrual charges are recorded against revenue. The following table presents the changes in the service level credit accrual (in thousands): | |||||||||||||||||
Balance at Beginning of Year | Additions: Charged against revenue | Less: Usage | Balance at End of Year | ||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Service level credit accrual | $ | 1,196 | 430 | 978 | $ | 648 | |||||||||||
Year ended December 31, 2012 | |||||||||||||||||
Service level credit accrual | $ | 250 | 1,574 | 628 | $ | 1,196 | |||||||||||
We have also agreed to indemnify our directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by any of these persons in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by us, arising out of that person’s services as a director or officer of our company or that person’s services provided to any other company or enterprise at our request. We maintain director and officer insurance coverage that may enable us to recover a portion of any future amounts paid. The fair values of these obligations are not material as of each balance sheet date. | |||||||||||||||||
Our arrangements include provisions indemnifying customers against intellectual property and other third-party claims. We have not incurred any costs as a result of such indemnifications and have not recorded any liabilities related to such obligations in the consolidated financial statements. | |||||||||||||||||
Income Taxes | |||||||||||||||||
We use the asset and liability method of accounting for income taxes, in which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be reversed. We recognize the effect on deferred tax assets and liabilities of a change in tax rates as income and expense in the period that includes the enactment date. A valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized. | |||||||||||||||||
Our tax positions are subject to income tax audits by multiple tax jurisdictions throughout the world. We recognize the tax benefit of an uncertain tax position only if it is more likely than not the position is sustainable upon examination by the taxing authority, based on the technical merits. We measure the tax benefit recognized as the largest amount of benefit which is more likely than not to be realized upon settlement with the taxing authority. We recognize interest accrued and penalties related to unrecognized tax benefits in our tax provision. | |||||||||||||||||
We calculate the current and deferred income tax provision based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed in subsequent years and record adjustments based on filed income tax returns when identified. The amount of income taxes paid is subject to examination by U.S. federal, state and foreign tax authorities. The estimate of the potential outcome of any uncertain tax issue is subject to management’s assessment of relevant risks, facts and circumstances existing at that time. To the extent the assessment of such tax position changes, we record the change in estimate in the period in which we make the determination. | |||||||||||||||||
Recent Accounting Pronouncements | |||||||||||||||||
In July 2013, the FASB issued an accounting standard update that provides explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward or a tax credit carryforward exists. Under the new standard update, unrecognized tax benefit, or a portion of an unrecognized tax benefit, is to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward. The new guidance becomes effective for us on January 1, 2014 and it should be applied prospectively to unrecognized tax benefits that exist at the effective date with retrospective application permitted. We determined the impact of this new guidance is not material to the consolidated financial statements. |
Investments
Investments | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||
Investments | ' | |||||||||||||||
Investments | ||||||||||||||||
The following is a summary of our investments (in thousands): | ||||||||||||||||
31-Dec-13 | ||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||
Gains | Losses | |||||||||||||||
Available-for-sale securities: | ||||||||||||||||
Commercial paper | $ | 124,330 | $ | 10 | $ | (21 | ) | $ | 124,319 | |||||||
Corporate notes and bonds | 399,519 | 129 | (360 | ) | 399,288 | |||||||||||
Total available-for-sale securities | $ | 523,849 | $ | 139 | $ | (381 | ) | $ | 523,607 | |||||||
31-Dec-12 | ||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||
Gains | Losses | |||||||||||||||
Available-for-sale securities: | ||||||||||||||||
Commercial paper | $ | 72,850 | $ | — | $ | (15 | ) | $ | 72,835 | |||||||
Corporate notes and bonds | 158,038 | 8 | (98 | ) | 157,948 | |||||||||||
U.S. government agency securities | 1,001 | — | — | 1,001 | ||||||||||||
Total available-for-sale securities | $ | 231,889 | $ | 8 | $ | (113 | ) | $ | 231,784 | |||||||
As of December 31, 2013, the contractual maturities of our investments did not exceed 24 months. The fair values of available-for-sale investments, by contractual maturity, are as follows: | ||||||||||||||||
31-Dec-13 | ||||||||||||||||
Due in 1 year or less | $ | 268,251 | ||||||||||||||
Due in 1 year through 3 years | 255,356 | |||||||||||||||
Total | $ | 523,607 | ||||||||||||||
We had certain available-for-sale securities in a gross unrealized loss position, all of which had been in such position for less than twelve months. There were no impairments considered "other-than-temporary" as it is more likely than not we will hold the securities until maturity or a recovery of the cost basis. The following table shows the fair values and the gross unrealized losses of these available-for-sale securities aggregated by investment types (in thousands): | ||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||
Fair Value | Gross | Fair Value | Gross | |||||||||||||
Unrealized | Unrealized | |||||||||||||||
Losses | Losses | |||||||||||||||
Commercial paper | $ | 81,467 | $ | (21 | ) | $ | 36,753 | $ | (15 | ) | ||||||
Corporate notes and bonds | 293,642 | (360 | ) | 137,558 | (98 | ) | ||||||||||
Total | $ | 375,109 | $ | (381 | ) | $ | 174,311 | $ | (113 | ) | ||||||
As of December 31, 2013, we had a total of 122 available-for-sale securities in an unrealized loss position. |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Fair Value Measurements | ||||||||||||||||
The following table presents our fair value hierarchy for our assets and liabilities measured at fair value on a recurring basis at December 31, 2013 (in thousands): | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash and cash equivalents: | ||||||||||||||||
Cash | $ | 69,333 | $ | — | $ | — | $ | 69,333 | ||||||||
Money market funds | 35,248 | — | — | 35,248 | ||||||||||||
Commercial paper | — | 261,722 | — | 261,722 | ||||||||||||
Short-term investments: | ||||||||||||||||
Commercial paper | — | 124,319 | — | 124,319 | ||||||||||||
Corporate notes and bonds | — | 143,932 | — | 143,932 | ||||||||||||
Long-term investments: | ||||||||||||||||
Corporate notes and bonds | — | 255,356 | — | 255,356 | ||||||||||||
Total | $ | 104,581 | $ | 785,329 | $ | — | $ | 889,910 | ||||||||
The following table presents our fair value hierarchy for our assets and liabilities measured at fair value on a recurring basis at December 31, 2012 (in thousands): | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash and cash equivalents: | ||||||||||||||||
Cash | $ | 47,478 | $ | — | $ | — | $ | 47,478 | ||||||||
Money market funds | 35,429 | — | — | 35,429 | ||||||||||||
Commercial paper | — | 36,082 | — | 36,082 | ||||||||||||
Short-term investments: | ||||||||||||||||
Commercial paper | — | 36,753 | — | 36,753 | ||||||||||||
Corporate notes and bonds | — | 157,948 | — | 157,948 | ||||||||||||
U.S. government agency securities | — | 1,001 | — | 1,001 | ||||||||||||
Total | $ | 82,907 | $ | 231,784 | $ | — | $ | 314,691 | ||||||||
We determine the fair value of our security holdings based on pricing from our service provider and market prices from industry-standard independent data providers. Such market prices may be quoted prices in active markets for identical assets (Level 1 inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs), such as yield curve, volatility factors, credit spreads, default rates, loss severity, current market and contractual prices for the underlying instruments or debt, broker and dealer quotes, as well as other relevant economic measures. |
Acquisition
Acquisition | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Acquisition [Abstract] | ' | |||||
Acquisition | ' | |||||
Acquisition | ||||||
On July 1, 2013, we acquired all the outstanding stock of Mirror42 Holding B.V., a cloud-based performance analytics company, for total cash consideration of $13.3 million. We believe this acquisition accelerates our ability to deliver on enterprise requirements for advanced business intelligence. | ||||||
The following table summarizes the allocation of the purchase price to the fair value of the tangible and intangible assets acquired and liabilities assumed as of the acquisition date: | ||||||
Purchase Price Allocation | Useful Life | |||||
(in thousands) | (in years) | |||||
Net tangible liabilities acquired | $ | (595 | ) | |||
Intangible assets: | ||||||
Developed technology | 5,530 | 4 | ||||
Contracts | 297 | 1.5 | ||||
Non-compete agreements | 31 | 1.5 | ||||
Goodwill | 8,218 | |||||
Net deferred tax liabilities | (139 | ) | ||||
Total purchase price | $ | 13,342 | ||||
The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. Management believes that the goodwill represents the synergies expected from expanded market opportunities when integrating the Mirror42 Holding B.V.’s technologies with our offerings. $8.1 million of the goodwill balance is deductible for income tax purposes. | ||||||
The results of operations of Mirror42 Holding B.V. described above have been included in our consolidated financial statements from the date of purchase. Our business combination did not have a material impact on our consolidated financial statements, and therefore pro forma disclosures have not been presented. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||
Goodwill and Intangible Assets | ' | |||||||||||
Goodwill and Intangible Assets | ||||||||||||
Goodwill balances are presented below (in thousands): | ||||||||||||
Carrying Amount | ||||||||||||
Balance as of December 31, 2012 | $ | — | ||||||||||
Goodwill acquired | 8,218 | |||||||||||
Foreign currency translation adjustments | 506 | |||||||||||
Balance as of December 31, 2013 | $ | 8,724 | ||||||||||
Intangible assets consisted of the following (in thousands): | ||||||||||||
December 31, 2013 | ||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||
Developed technology | $ | 5,783 | $ | (723 | ) | $ | 5,060 | |||||
Contracts | 315 | (104 | ) | 211 | ||||||||
Non-compete agreements | 33 | (11 | ) | 22 | ||||||||
Acquisition-related intangible assets | 6,131 | (838 | ) | 5,293 | ||||||||
Other intangible assets | 650 | (147 | ) | 503 | ||||||||
Total intangible assets | $ | 6,781 | $ | (985 | ) | $ | 5,796 | |||||
31-Dec-12 | ||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||
Other intangible assets | $ | 650 | $ | (54 | ) | $ | 596 | |||||
Total intangible assets | $ | 650 | $ | (54 | ) | $ | 596 | |||||
Amortization expense for intangible assets was approximately $925,000 and $54,000, respectively, for the years ended December 31, 2013 and 2012. There were no amortization expense prior to the year ended December 31, 2012. | ||||||||||||
The following table presents the estimated future amortization expense related to intangible assets held at December 31, 2013(in thousands): | ||||||||||||
Acquisition-related intangible assets | Other intangible assets | Total | ||||||||||
Years Ending December 31, | ||||||||||||
2014 | $ | 1,678 | $ | 93 | $ | 1,771 | ||||||
2015 | 1,446 | 93 | 1,539 | |||||||||
2016 | 1,446 | 93 | 1,539 | |||||||||
2017 | 723 | 93 | 816 | |||||||||
2018 | — | 93 | 93 | |||||||||
Thereafter | — | 38 | 38 | |||||||||
Total future amortization expense | $ | 5,293 | $ | 503 | $ | 5,796 | ||||||
Property_and_Equipment
Property and Equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property and Equipment | ' | |||||||
Property and Equipment | ||||||||
Property and equipment, net consists of the following (in thousands): | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Computer equipment and software | $ | 90,617 | $ | 46,541 | ||||
Furniture and fixtures | 13,751 | 4,691 | ||||||
Leasehold improvements | 8,371 | 2,649 | ||||||
Construction in progress | 928 | 4,855 | ||||||
113,667 | 58,736 | |||||||
Less: Accumulated depreciation | (38,107 | ) | (16,394 | ) | ||||
Total property and equipment, net | $ | 75,560 | $ | 42,342 | ||||
Construction in progress consists primarily of in-process software development costs. Depreciation expense for the years ended December 31, 2013 and 2012 was $22.6 million and $13.5 million, respectively, the six months ended December 31, 2011 and December 31, 2010 (unaudited) was $2.0 million and $0.5 million, respectively, and fiscal 2011 was $1.5 million. |
Accrued_Expenses_and_Other_Cur
Accrued Expenses and Other Current Liabilities | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Accrued Liabilities, Current [Abstract] | ' | |||||||
Accrued Expenses and Other Current Liabilities | ' | |||||||
Accrued Expenses and Other Current Liabilities | ||||||||
Accrued expenses and other current liabilities consist of the following (in thousands): | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Taxes payable | $ | 4,187 | $ | 1,941 | ||||
Bonuses and commissions | 22,322 | 10,999 | ||||||
Accrued compensation | 16,610 | 18,392 | ||||||
Other employee expenses | 11,926 | 7,796 | ||||||
Current portion of facility exit obligation | 1,042 | 1,515 | ||||||
Other | 12,043 | 7,416 | ||||||
Total accrued expenses and other current liabilities | $ | 68,130 | $ | 48,059 | ||||
Notes_Payable
Notes Payable | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Convertible Notes Payable [Abstract] | ' | |||
Notes Payable | ' | |||
Convertible Senior Notes | ||||
In November 2013, we issued 0% convertible senior notes due November 1, 2018 with aggregate principal amount of $575 million (the "Notes"). The Notes will not bear interest. The Notes mature on November 1, 2018 unless converted or repurchased in accordance with their terms prior to such date. We cannot redeem the Notes prior to maturity. | ||||
The Notes are unsecured obligations and do not contain any financial covenants or restrictions on the payments of dividends, the incurrence of indebtedness or the issuance or repurchase of securities by us or any of our subsidiaries. | ||||
Upon conversion, we may choose to pay or deliver, as the case may be, cash, shares of our common stock or a combination of cash and shares of our common stock. We intend to settle the principal amount of the Notes with cash. | ||||
The Notes are convertible up to 7.8 million shares of our common stock at an initial conversion rate of approximately 13.54 shares of common stock per $1,000 principal amount, which is equal to an initial conversion price of approximately $73.88 per share of common stock, subject to adjustment. Holders of the Notes may convert their Notes at their option at any time prior to the close of business on the business day immediately preceding July 1, 2018, only under the following circumstances: | ||||
• | during any calendar quarter commencing after the calendar quarter ending on March 31, 2014 (and only during such calendar quarter), if the last reported sale price of the common stock for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; | |||
• | during the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate on each such trading day; or | |||
• | upon the occurrence of specified corporate events. | |||
On or after July 1, 2018, a holder may convert all or any portion of its notes at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date regardless of the foregoing conditions. Upon conversion, we will pay or deliver, as the case may be, cash, shares of our common stock or a combination of cash and shares of our common stock, at our election | ||||
The conversion price will be subject to adjustment in some events. Holders of the Notes who convert their notes in connection with certain corporate events that constitute a “make-whole fundamental change” are, under certain circumstances, entitled to an increase in the conversion rate. Additionally, in the event of a corporate event that constitutes a “fundamental change,” holders of the Notes may require us to purchase with cash all or a portion of the Notes upon the occurrence of a fundamental change, at a purchase price equal to 100% of the principal amount of the Notes plus any accrued and unpaid interest. | ||||
In accounting for the issuance of the notes, we separated the Notes into liability and equity components. The carrying cost of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated convertible feature. The carrying amount of the equity component representing the conversion option was determined by deducting the fair value of the liability component from the par value of the Notes. The difference between the principal amount of the Notes and the proceeds allocated to the liability component (“debt discount”) is amortized to interest expense using the effective interest method over the term of the Note. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. | ||||
In accounting for the transaction costs related to the issuance of the Notes, we allocated the total amount incurred to the liability and equity components based on their relative values. Transaction costs attributable to the liability component are being amortized to interest expense over the term of the Notes, and transaction costs attributable to the equity component were netted with the equity component of the Notes in stockholders’ equity. Additionally, we recorded a net deferred tax liability of $6.6 million in connection with the Notes and convertible notes hedge transactions described below. The Notes consisted of the following (in thousands): | ||||
31-Dec-13 | ||||
Liability: | ||||
Principal | $ | 575,000 | ||
Less: debt discount, net of amortization | (160,223 | ) | ||
Net carrying amount | $ | 414,777 | ||
Equity(1): | $ | 152,061 | ||
-1 | Included in the consolidated balance sheets within additional paid-in capital. | |||
We consider the fair value of the Notes at December 31, 2013 to be a Level 2 measurement. The fair value of the Notes is primarily affected by the trading price of our common stock and interest rate. Based on the closing price of our common stock of $56.01 on December 31, 2013, the if-converted value of the Notes was less than its principal amount. | ||||
As of December 31, 2013, the remaining life of the Notes is 58 months. The following table sets forth total interest expense recognized related to the Notes (in thousands): | ||||
Year ended December 31, 2013 | ||||
Amortization of debt issuance cost | $ | 188 | ||
Amortization of debt discount | 3,310 | |||
Total | $ | 3,498 | ||
Effective interest rate of the liability component | 6.5 | % | ||
Note Hedge | ||||
To minimize the impact of potential economic dilution upon conversion of the Notes, we entered into convertible note hedge transactions with respect to our common stock concurrent with the issuance of the Notes. The Note Hedge covers approximately 7.8 million shares of our common stock at a strike price per share that corresponds to the initial conversion price of the Notes, are also subject to adjustment, and are exercisable upon conversion of the Notes. We paid an aggregate amount of $135.8 million for the Note Hedge. The Note Hedge will expire upon maturity of the Notes. The Note Hedge is intended to reduce the potential economic dilution upon conversion of the Notes in the event that the fair value per share of our common stock at the time of exercise is greater than the conversion price of the Notes. The Note Hedge is a separate transaction and is not part of the terms of the Notes. The Note Hedge does not impact earnings per share, as it was entered into to offset any dilution from the Notes. | ||||
Warrants | ||||
Separately, we entered into warrant transactions (the “Warrants”) whereby we sold warrants to acquire up to 7.8 million shares of our common stock, at a strike price of $107.46 per share, subject to adjustments. We received aggregate proceeds of $84.5 million from the sale of the Warrants. If the average market value per share of our common stock for the reporting period, as measured under the Warrants, exceeds the strike price of the Warrants, the Warrants will have a dilutive effect on our earnings per share. The Warrants are separate transactions and are not remeasured through earnings each reporting period. The Warrants are not part of the Notes or the Note Hedge, and have been accounted for as part of additional paid-in capital. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Loss, Net | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Statement of Comprehensive Income [Abstract] | ' | |||||||
Accumulated Other Comprehensive Income (Loss) | ' | |||||||
Accumulated Other Comprehensive Loss, Net | ||||||||
The components of accumulated other comprehensive loss, net of tax, consist of the following (in thousands): | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Foreign currency translation adjustment | $ | (234 | ) | $ | 69 | |||
Net unrealized loss on investments | (242 | ) | (105 | ) | ||||
Accumulated other comprehensive income (loss) | $ | (476 | ) | $ | (36 | ) |
Stockholders_Equity
Stockholders' Equity | 12 Months Ended | ||
Dec. 31, 2013 | |||
Stockholders' Equity Note [Abstract] | ' | ||
Common Stock | ' | ||
Stockholders' Equity | |||
Common Stock | |||
In February 2012, we issued and sold 1,750,980 shares of common stock at a price of $10.20 per share for gross proceeds of $17.9 million in a private placement with a new stockholder. As part of this private placement, our founder sold 700,000 shares of common stock at the same price per share to this new stockholder. | |||
In July 2012, we closed our IPO of 13,397,500 shares of common stock at an offering price of $18.00 per share. The offering included 10,350,000 shares sold and issued by us and 3,047,500 shares sold by our founder. The 13,397,500 shares sold in the offering included the overallotment option exercised in full by the underwriters to purchase 1,350,000 shares and 397,500 shares from us and our founder, respectively. The net proceeds to us from the offering were $173.3 million after deducting underwriting discounts and commissions, and before deducting total expenses in connection with the offering of $3.5 million. | |||
In November 2012, we and the selling shareholders sold 16,100,000 shares of common stock at an offering price of $28.00 per share. The offering included 1,897,500 shares sold and issued by us and 14,202,500 shares sold by the selling stockholders. The 16,100,000 shares sold included the overallotment option exercised in full by the underwriters to purchase 247,500 shares and 1,852,500 shares from us and the selling stockholders, respectively. The net proceeds to us from the offering were $51.0 million after deducting underwriting discounts and commissions, and before deducting total expenses in connection with the offering of $1.2 million. | |||
During the year ended December 31, 2012, we repurchased and subsequently canceled 100,000 shares, 77,498 shares and 6,666 shares of common stock at a price of $10.00, $11.50 and $12.00 per share, respectively. | |||
During the years ended December 31, 2013 and 2012, we issued a total of 13,986,905 shares and 6,654,558 shares, respectively, from stock option exercises, vesting of RSUs and ESPP. | |||
We were authorized to issue 600,000,000 shares of common stock as of December 31, 2013. Holders of our common stock are not entitled to receive dividends unless declared by our board of directors. As of December 31, 2013, we had 140,354,605 shares of common stock outstanding and had reserved shares of common stock for future issuance as follows: | |||
31-Dec-13 | |||
Stock option plan: | |||
Options outstanding | 23,399,374 | ||
RSUs | 5,427,509 | ||
Stock awards available for future grants: | |||
2005 Stock Option Plan(1) | — | ||
2012 Equity Incentive Plan(1) | 13,169,316 | ||
2012 Employee Stock Purchase Plan(1) | 5,549,918 | ||
Total reserved shares of common stock for future issuance | 47,546,117 | ||
-1 | Refer to Note 12 for a description of these plans. | ||
Preferred Stock | |||
Our board of directors has the authority, without further action by stockholders, to issue up to 10,000,000 shares of preferred stock in one or more series. Our board of directors may designate the rights, preferences, privileges and restrictions of the preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preference and number of shares constituting any series or the designation of any series. The issuance of preferred stock could have the effect of restricting dividends on our common stock, diluting the voting power of our common stock, impairing the liquidation rights of our common stock, or delaying or preventing a change in control. At December 31, 2013 and 2012, no shares of preferred stock were outstanding. |
Stock_Awards
Stock Awards | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||
Stock Awards | ' | ||||||||||||
Stock Awards | |||||||||||||
We have a 2005 Stock Option Plan, or 2005 Plan, which provides for grants of stock awards, including options to purchase shares of common stock, stock purchase rights and RSUs to certain employees, officers, directors and consultants. As of December 31, 2013, there were 53,731,033 total shares of common stock authorized for issuance under the 2005 Plan, which includes shares already issued under such plan and shares reserved for issuance pursuant to outstanding options and RSUs. | |||||||||||||
On April 27, 2012, the board of directors approved the 2012 Equity Incentive Plan, or 2012 Plan and the 2012 Employee Stock Purchase Plan, or the 2012 ESPP, which became effective on June 27, 2012 and June 28, 2012, respectively. | |||||||||||||
Our 2012 Plan provides for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, RSUs, performance-based stock awards and other forms of equity compensation, or collectively, stock awards. In addition, the 2012 Plan provides for the grant of performance cash awards. Incentive stock options may be granted only to employees. All other awards may be granted to employees, including officers, as well as directors and consultants. The share reserve may increase to the extent that outstanding stock options under the 2005 Plan expire or terminate unexercised. The share reserve also automatically increases on January 1 of each year until January 1, 2022, by up to 5% of the total number of shares of the common stock outstanding on December 31 of the preceding year as determined by the board of directors. As of December 31, 2013, there were 21,767,792 total shares of common stock authorized for issuance under the 2012 Plan, excluding 7,017,730 shares of common stock automatically added to the 2012 Plan on January 1, 2014 pursuant to the provision described in the preceding sentence. | |||||||||||||
Our 2012 ESPP authorizes the issuance of shares of common stock pursuant to purchase rights granted to our employees. The number of shares of common stock reserved for issuance automatically increases on January 1 of each year, from January 1, 2013 through January 1, 2022, by up to 1% of the total number of shares of the common stock outstanding on December 31 of the preceding year. The price at which common stock is purchased under the 2012 ESPP is equal to 85% of the fair market value of the common stock on the first or last day of the offering period, whichever is lower. Offering periods are six months long and begin on February 1 and August 1 of each year. As of December 31, 2013, we had 6,263,677 total shares of common stock reserved for issuance under the 2012 ESPP, excluding 1,403,546 shares of common stock automatically added to the 2012 Plan on January 1, 2014. | |||||||||||||
Stock Options | |||||||||||||
The stock options are exercisable at a price equal to the market value of the underlying shares of common stock on the date of the grant as determined by our board of directors or, for those stock options issued subsequent to our IPO, the closing price of our common stock as reported on the New York Stock Exchange on the date of grant. Stock options granted under our 2005 Plan and the 2012 Plan to new employees generally vest 25% one year from the date the requisite service period begins and continue to vest monthly for each month of continued employment over the remaining three years. Options granted generally are exercisable for a period of up to 10 years. Option holders under the 2005 Plan can exercise unvested options to acquire restricted stock. Upon termination of service, we have the right to repurchase at the original purchase price any unvested (but issued) shares of common stock. | |||||||||||||
A summary of the stock option activity for the year ended December 31, 2013 is as follows: | |||||||||||||
Number of | Weighted- | Weighted- | Aggregate | ||||||||||
Shares | Average | Average | Intrinsic Value | ||||||||||
Exercise | Remaining | (in thousands) | |||||||||||
Price | Contractual | ||||||||||||
Term (Years) | |||||||||||||
Outstanding at December 31, 2011 | 39,601,640 | $ | 2.2 | ||||||||||
Granted | 7,695,730 | 15.03 | |||||||||||
Exercised | (6,654,558 | ) | 0.76 | $ | 84,215 | ||||||||
Canceled/forfeited | (4,527,352 | ) | 3.35 | ||||||||||
Outstanding at December 31, 2012 | 36,115,460 | 5.05 | |||||||||||
Granted | 2,339,523 | 38.07 | |||||||||||
Exercised | (12,951,123 | ) | 3.34 | $ | 446,054 | ||||||||
Canceled/forfeited | (2,104,486 | ) | 7.66 | ||||||||||
Outstanding at December 31, 2013 | 23,399,374 | $ | 9.07 | 7.7 | $ | 1,097,746 | |||||||
Vested and expected to vest as of December 31, 2013 | 22,304,397 | $ | 8.71 | 7.73 | $ | 1,054,997 | |||||||
Vested and exercisable as of December 31, 2013 | 9,333,628 | $ | 4.43 | 7.3 | $ | 481,448 | |||||||
Aggregate intrinsic value represents the difference between the estimated fair value of our common stock and the exercise price of outstanding, in-the-money options. The total intrinsic value of the options exercised was $2.4 million and $7.5 million for the six months ended December 31, 2011 and fiscal 2011, respectively. The weighted-average grant date per share fair value of options granted was $18.70, $7.68, $2.52 and $1.16 for the years ended December 31, 2013 and 2012, the six months ended December 31, 2011 and fiscal 2011, respectively. The total fair value of shares vested was $33.1 million, $19.2 million, $2.6 million and $2.0 million for the years ended December 31, 2013 and 2012, the six months ended December 31, 2011 and fiscal 2011, respectively. | |||||||||||||
As of December 31, 2013, total unrecognized compensation cost, adjusted for estimated forfeitures, related to unvested stock options was approximately $75.3 million. The weighted-average remaining vesting period of unvested stock options at December 31, 2013 was 2.62 years. | |||||||||||||
RSUs | |||||||||||||
Activity with respect to outstanding RSUs in the year ended December 31, 2013 was as follows: | |||||||||||||
Number of | Weighted Average Grant Date Fair Value | Aggregate | |||||||||||
Shares | (Per Share) | Fair Value | |||||||||||
(in thousands) | |||||||||||||
Outstanding at December 31, 2011 | — | $ | — | ||||||||||
Granted | 1,470,072 | 17.02 | |||||||||||
Vested | — | — | $ | — | |||||||||
Forfeited | (12,202 | ) | 31.97 | ||||||||||
Outstanding at December 31, 2012 | 1,457,870 | 16.89 | |||||||||||
Granted | 4,558,929 | 38.15 | |||||||||||
Vested | (322,623 | ) | 15.15 | $ | 13,510 | ||||||||
Forfeited | (266,667 | ) | 30.65 | ||||||||||
Outstanding at December 31, 2013 | 5,427,509 | $ | 34.02 | $ | 303,995 | ||||||||
Expected to vest as of December 31, 2013 | 5,018,553 | $ | 281,089 | ||||||||||
RSUs granted under the 2005 Plan and the 2012 Plan to employees generally vest annually over a four-year period. As of December 31, 2013, total unrecognized compensation cost, adjusted for estimated forfeitures, related to unvested RSUs was approximately $145.7 million and the weighted-average remaining vesting period was 3.51 years. |
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | |||||||||
Stock-Based Compensation | ' | |||||||||
Stock-Based Compensation | ||||||||||
We use the Black-Scholes options pricing model to estimate the fair value of our stock option grants. This model incorporates various assumptions including expected volatility, expected term, risk-free interest rates and expected dividend yields. The following assumptions were used for each respective period to calculate our stock-based compensation for each stock option grant on the date of the grant: | ||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||
(Unaudited) | ||||||||||
Stock Options: | ||||||||||
Expected volatility | 50% - 52% | 53% - 57% | 56% - 69% | 57% - 67% | 50% - 69% | |||||
Expected term (in years) | 6.02 | 6.05 | 5.75 | 6.04 | 6.05 | |||||
Risk-free interest rate | 0.91% - 2.05% | 0.83% - 1.18% | 0% - 1.92% | 1.43% - 2.06% | 1.43% - 2.96% | |||||
Dividend yield | — | — | — | — | — | |||||
The following assumptions were used to calculate our stock-based compensation for each stock purchase right granted under the 2012 ESPP: | ||||||||||
Year Ended December 31, | ||||||||||
2013 | 2012 | |||||||||
ESPP: | ||||||||||
Expected volatility | 35% - 42% | 42 | % | |||||||
Expected term (in years) | 0.5 | 0.58 | ||||||||
Risk-free interest rate | 0.08% - 0.16% | 0.16 | % | |||||||
Dividend yield | — | — | ||||||||
Expected volatility. We use the historic volatility of publicly traded peer companies as an estimate for expected volatility. In considering peer companies, characteristics such as industry, stage of development, size and financial leverage are considered. We intend to continue to consistently apply this process using the same or similar public companies until a sufficient amount of historical information regarding the volatility of our own common stock share price becomes available. | ||||||||||
Expected term. We estimate the expected term for stock options using the simplified method due to the lack of historical exercise activity for our company. The simplified method calculates the expected term as the mid-point between the vesting date and the contractual expiration date of the award. We estimate the expected term for ESPP using the purchase period. | ||||||||||
Risk-free interest rate. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for the expected term of the stock-based award. | ||||||||||
Expected dividend yield. Our expected dividend yield is zero, as we have not and do not currently intend to declare dividends in the foreseeable future. | ||||||||||
Fair value of common stock. Prior to our IPO in June 2012, the fair value of our common stock was determined by our board of directors, which intended all options granted to be exercisable at a price per share not less than the per share fair value of the common stock underlying those options on the date of grant. The valuations of our common stock were determined in accordance with the guidelines outlined in the American Institute of Certified Public Accountants Practice Aid, Valuation of Privately-Held-Company Equity Securities Issued as Compensation. The assumptions used in the valuation model are based on future expectations combined with management judgment. | ||||||||||
From March 2010 until our IPO in June 2012, we utilized the probability weighted expected return method, or PWERM, approach to allocate value to our common shares. The PWERM approach employs various market approach and income approach calculations depending upon the likelihood of various liquidation scenarios. For each of the various scenarios, an equity value is estimated and the rights and preferences for each stockholder class are considered to allocate the equity value to common shares. The common share value is then multiplied by a discount factor reflecting the calculated discount rate and the timing of the event. Lastly, the common share value is multiplied by an estimated probability for each scenario. The probability and timing of each scenario was based upon discussions between our board of directors and our management team. Under the PWERM, the value of our common stock was based upon four possible future events for our company: an IPO; a strategic merger or sale; remaining a private company; and dissolution. | ||||||||||
For stock options granted subsequent to our IPO, the fair value is based on the closing price of our common stock as reported on the New York Stock Exchange on the date of grant. |
Net_Income_Loss_Per_Share_Attr
Net Income (Loss) Per Share Attributable to Common Stockholders | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||||||
Net Income (Loss) Per Share Attributable to Common Stockholders | ' | |||||||||||||||||||
Net Income (Loss) Per Share Attributable to Common Stockholders | ||||||||||||||||||||
The following tables present the calculation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except share and per share data): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Numerator: | ||||||||||||||||||||
Net income (loss) | $ | (73,708 | ) | $ | (37,348 | ) | $ | (6,684 | ) | $ | 4,803 | $ | 9,830 | |||||||
Accretion of redeemable convertible preferred stock | — | (308 | ) | (312 | ) | (320 | ) | (633 | ) | |||||||||||
Net income attributable to participating securities | — | — | — | (3,721 | ) | (7,558 | ) | |||||||||||||
Net income (loss) attributable to common stockholders—basic | $ | (73,708 | ) | $ | (37,656 | ) | $ | (6,996 | ) | $ | 762 | $ | 1,639 | |||||||
Undistributed earnings reallocated to participating securities | $ | — | $ | — | $ | — | $ | 349 | $ | 671 | ||||||||||
Net income (loss) attributable to common stockholders— diluted | $ | (73,708 | ) | $ | (37,656 | ) | $ | (6,996 | ) | $ | 1,111 | $ | 2,310 | |||||||
Denominator: | ||||||||||||||||||||
Weighted-average shares outstanding Basic | 135,415,809 | 73,908,631 | 21,104,219 | 17,156,445 | 18,163,977 | |||||||||||||||
Effect of potentially dilutive securities: | ||||||||||||||||||||
Common stock options | — | — | — | 10,465,912 | 9,931,509 | |||||||||||||||
Weighted-average shares outstanding Diluted | 135,415,809 | 73,908,631 | 21,104,219 | 27,622,357 | 28,095,486 | |||||||||||||||
Net income (loss) per share attributable to common stockholders: | ||||||||||||||||||||
Basic | $ | (0.54 | ) | $ | (0.51 | ) | $ | (0.33 | ) | $ | 0.04 | $ | 0.09 | |||||||
Diluted | $ | (0.54 | ) | $ | (0.51 | ) | $ | (0.33 | ) | $ | 0.04 | $ | 0.08 | |||||||
Potentially dilutive securities that are not included in the calculation of diluted net income (loss) per share because doing so would be antidilutive are as follows: | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Common stock options | 23,399,374 | 36,115,460 | 39,601,640 | 7,890,844 | 7,635,190 | |||||||||||||||
Convertible preferred stock | — | — | 83,703,016 | 83,703,016 | 83,703,016 | |||||||||||||||
Restricted stock units | 5,427,509 | 1,457,870 | — | — | — | |||||||||||||||
Common stock subject to repurchase | 91,504 | 235,066 | 578,616 | — | 83,551 | |||||||||||||||
ESPP obligations | 226,093 | 435,945 | — | — | — | |||||||||||||||
Convertible senior notes | 7,783,023 | — | — | — | — | |||||||||||||||
Warrants related to the issuance of convertible senior notes | 7,783,023 | — | — | — | — | |||||||||||||||
Total potentially dilutive securities | 44,710,526 | 38,244,341 | 123,883,272 | 91,593,860 | 91,421,757 | |||||||||||||||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||||||||||
Income Taxes | ' | |||||||||||||||||||
Income Taxes | ||||||||||||||||||||
The provision for income taxes consists of the following (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Current provision: | ||||||||||||||||||||
Federal | $ | 2 | $ | 187 | $ | 325 | $ | 111 | $ | 62 | ||||||||||
State | 287 | 200 | 396 | 449 | 988 | |||||||||||||||
Foreign | 2,454 | 1,787 | 329 | 93 | 286 | |||||||||||||||
2,743 | 2,174 | 1,050 | 653 | 1,336 | ||||||||||||||||
Deferred provision: | ||||||||||||||||||||
Federal | — | (55 | ) | 22 | — | — | ||||||||||||||
State | — | (5 | ) | 3 | — | — | ||||||||||||||
Foreign | (232 | ) | (746 | ) | — | — | — | |||||||||||||
(232 | ) | (806 | ) | 25 | — | — | ||||||||||||||
Provision for income taxes | $ | 2,511 | $ | 1,368 | $ | 1,075 | $ | 653 | $ | 1,336 | ||||||||||
The components of income (loss) from continuing operations before income taxes by U.S. and foreign jurisdictions were as follows (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
United States | $ | (35,901 | ) | $ | (7,903 | ) | $ | (1,375 | ) | $ | 5,368 | $ | 10,585 | |||||||
Foreign | (35,296 | ) | (28,077 | ) | (4,234 | ) | 88 | 581 | ||||||||||||
Total | $ | (71,197 | ) | $ | (35,980 | ) | $ | (5,609 | ) | $ | 5,456 | $ | 11,166 | |||||||
The effective income tax rate differs from the federal statutory income tax rate applied to the income (loss) before provision for income taxes due to the following (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Tax computed at U.S. federal statutory rate | $ | (24,207 | ) | $ | (12,234 | ) | $ | (1,907 | ) | $ | 1,857 | $ | 3,799 | |||||||
State taxes, net of federal benefit | 148 | 329 | 82 | 122 | 250 | |||||||||||||||
Tax rate differential for international subsidiaries | 14,542 | 10,743 | 1,589 | (23 | ) | (47 | ) | |||||||||||||
Stock-based compensation | 3,447 | 3,926 | 978 | 244 | 727 | |||||||||||||||
Tax credits | (12,529 | ) | (1,056 | ) | (378 | ) | (150 | ) | (409 | ) | ||||||||||
Tax contingencies | 76 | 452 | 178 | 74 | 171 | |||||||||||||||
Non-deductible expenses | 550 | 532 | 244 | 120 | 305 | |||||||||||||||
Change in state rate | 14 | (68 | ) | 8 | 295 | 662 | ||||||||||||||
Other | 242 | (697 | ) | 146 | 379 | 344 | ||||||||||||||
Valuation allowance | 20,228 | (559 | ) | 135 | (2,265 | ) | (4,466 | ) | ||||||||||||
Provision for income taxes | $ | 2,511 | $ | 1,368 | $ | 1,075 | $ | 653 | $ | 1,336 | ||||||||||
Significant components of our deferred tax assets are shown below (in thousands). A valuation allowance has been recognized to offset our deferred tax assets, as necessary, by the amount of any tax benefits that, based on evidence, are not expected to be realized. | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Deferred tax assets: | ||||||||||||||||||||
Net operating loss carryforwards | $ | 4,306 | $ | 2,647 | ||||||||||||||||
Deferred revenue | 3,739 | 2,421 | ||||||||||||||||||
Accrued expenses | 2,549 | 1,357 | ||||||||||||||||||
Deferred rent | 1,119 | 322 | ||||||||||||||||||
Credit carryforwards | 14,871 | 2,342 | ||||||||||||||||||
Facility exit obligation | 698 | 1,102 | ||||||||||||||||||
Stock-based compensation | 15,464 | 7,474 | ||||||||||||||||||
Note Hedge and others | 48,241 | — | ||||||||||||||||||
Other | 1,448 | 1,367 | ||||||||||||||||||
Total deferred tax assets | 92,435 | 19,032 | ||||||||||||||||||
Less valuation allowance | (25,795 | ) | (13,270 | ) | ||||||||||||||||
66,640 | 5,762 | |||||||||||||||||||
Deferred tax liabilities: | ||||||||||||||||||||
Depreciation | (9,608 | ) | (5,016 | ) | ||||||||||||||||
Convertible notes | (54,817 | ) | — | |||||||||||||||||
Purchased intangibles | (1,239 | ) | — | |||||||||||||||||
Net deferred tax assets | $ | 976 | $ | 746 | ||||||||||||||||
As of December 31, 2013, we had U.S. federal net operating loss and federal tax credit carryforwards of approximately $364.9 million and $10.7 million, respectively. The federal net operating loss carryforwards and federal tax credits will begin to expire in 2024 if not utilized. In addition, we had state net operating loss and state tax credit carryforwards of approximately | ||||||||||||||||||||
$192.6 million and $7.3 million, respectively. The state net operating loss and tax credit carryforwards will begin to expire in | ||||||||||||||||||||
2018 if not utilized. Utilization of our net operating loss and credit carryforwards may be subject to annual limitation due to the ownership change limitations provided by the Internal Revenue Code and similar state provisions. Such an annual limitation could result in the expiration of the net operating loss and tax credit carry forwards before utilization. | ||||||||||||||||||||
Approximately $356.9 million of federal net operating losses and $164.8 million of state net operating losses relate to stock-based compensation deductions in excess of book expense, the tax effect of which would be to credit additional paid-in capital, if realized. | ||||||||||||||||||||
We maintain a full valuation allowance against our U.S. deferred tax assets as of December 31, 2013. We regularly assess the need for a valuation allowance against our deferred tax assets. In making that assessment, we consider both positive and negative evidence related to the likelihood of realization of the deferred tax assets to determine, based on the weight of available evidence, whether it is more likely than not that some or all of the deferred tax assets will not be realized. Due to cumulative losses over recent years and based on all available evidence, we have determined that it is more likely than not that net deferred tax assets in the U.S. will not be realized. We have determined that $1.0 million related to foreign deferred tax assets will be realized. The valuation allowance increased $12.5 million for the year ended December 31, 2013, decreased $0.6 million for the year ended December 31, 2012, increased $0.1 million and decreased $2.2 million for the six months ended December 31, 2011 and 2010 (unaudited), respectively, and decreased $4.5 million for fiscal 2011. The change in valuation allowance between the years ended December 31, 2013 and 2012 is primarily attributable to an increase of deferred tax liabilities related to purchased intangibles, the Notes and depreciation of fixed assets, and an increase of deferred tax assets resulting primarily from stock-based compensation, the extension of the federal research and development tax credit for the year ended December 31, 2013 and the Note Hedge. We will continue to assess the likelihood of realization of the deferred tax assets in each of the applicable jurisdictions in future periods and will adjust the valuation allowance accordingly. | ||||||||||||||||||||
We have not recorded a provision for deferred U.S. tax expense that could result from the remittance of foreign undistributed earnings since we intend to reinvest the earnings of these foreign subsidiaries indefinitely. | ||||||||||||||||||||
Our share of the undistributed earnings of foreign corporations not included in our consolidated federal income tax returns that could be subject to additional U.S. income tax if remitted was approximately $0.5 million and $0.3 million as of December 31, 2013 and 2012, respectively. The determination of the amount of unrecognized U.S federal deferred income tax liability for undistributed earnings is not practicable. | ||||||||||||||||||||
A reconciliation of the beginning and ending balance of total unrecognized tax benefits is as follows (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Balance, beginning period | $ | 1,725 | $ | 710 | $ | 519 | $ | 374 | $ | 374 | ||||||||||
Tax positions taken in prior period: | ||||||||||||||||||||
Gross increases | 333 | 827 | — | — | — | |||||||||||||||
Gross decreases | (14 | ) | (65 | ) | — | — | — | |||||||||||||
Tax positions taken in current period: | ||||||||||||||||||||
Gross increases | 2,784 | 264 | 191 | 73 | 145 | |||||||||||||||
Gross decreases | — | — | — | — | — | |||||||||||||||
Lapse of statute of limitations | (18 | ) | (11 | ) | — | — | — | |||||||||||||
Balance, end of period | $ | 4,810 | $ | 1,725 | $ | 710 | $ | 447 | $ | 519 | ||||||||||
As of December 31, 2013, we had gross unrecognized tax benefits of approximately $4.8 million, of which $0.9 million would impact the effective tax rate, if recognized. We recognize accrued interest and penalties related to unrecognized tax benefits as income tax expense. Accrued interest and penalties included in our liability related to unrecognized tax benefits were $0.4 million at December 31, 2013 and 2012. The amount of unrecognized tax benefits could be reduced upon expiration of the applicable statutes of limitations. The potential reduction in unrecognized tax benefits during the next 12 months is not expected to be material. Interest and penalties accrued on these uncertain tax positions will be released upon the expiration of the statutes of limitations and these amounts are also not material. | ||||||||||||||||||||
We are subject to taxation in the United States and foreign jurisdictions. As of December 31, 2013, our tax years of 2005 to 2013 remain subject to examination in most jurisdictions. We are currently under examination by the U.S. Internal Revenue Service for the June 30, 2011 and December 31, 2011 tax years. | ||||||||||||||||||||
There are differing interpretations of tax laws and regulations, and as a result, disputes may arise with tax authorities involving issues of the timing and amount of deductions and allocations of income among various tax jurisdictions. We periodically evaluate our exposures associated with our tax filing positions. We believe that adequate amounts have been reserved for any adjustments that may ultimately result from these examinations, and we do not anticipate a significant impact to our gross unrecognized tax benefits within the next twelve months related to these years. Although the timing of the resolution, settlement, and closure of any audit is highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits could significantly change in the next twelve months. However, given the number of years that remain subject to examination, we are unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax benefits. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Related Party Transactions | |
As part of our sale of Series C and Series D preferred stock, we recorded a liability of $5.3 million for withholding taxes associated with the repurchase of our founder’s shares plus potential interest and penalties that may be imposed by the tax authorities. We recorded an offsetting receivable of $5.3 million in prepaid expenses and other current assets at June 30, 2010, representing the total amount that was subsequently paid to us by our founder in February 2012 for these withholding taxes. In April 2012, we paid $5.3 million to the tax authorities for these withholding taxes. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Commitments and Contingencies | ' | |||||||||||
Commitments and Contingencies | ||||||||||||
Leases | ||||||||||||
We lease facilities for data center capacity and office space under non-cancelable operating lease agreements with various expiration dates. Rent expense associated with data center leases, included in cost of revenues, was $9.5 million and $13.3 million for the years ended December 31, 2013 and 2012, respectively, $3.7 million and $2.1 million for the six months ended December 31, 2011 and 2010 (unaudited), respectively and $4.8 million for fiscal 2011. Rent expense associated with office space leases was $8.1 million and $4.5 million for the years ended December 31, 2013 and 2012, respectively, $1.2 million and $0.5 million for the six months ended December 31, 2011 and 2010 (unaudited), respectively and $2.3 million for fiscal 2011. | ||||||||||||
Annual future minimum payments under these operating leases as of December 31, 2013 (in thousands) are presented in the table below. | ||||||||||||
Data Centers | Office Leases | Total | ||||||||||
Fiscal Period: | ||||||||||||
2014 | $ | 9,797 | $ | 10,314 | $ | 20,111 | ||||||
2015 | 6,989 | 13,629 | 20,618 | |||||||||
2016 | 2,831 | 14,222 | 17,053 | |||||||||
2017 | 670 | 14,754 | 15,424 | |||||||||
2018 | 636 | 13,776 | 14,412 | |||||||||
Thereafter | 680 | 51,270 | 51,950 | |||||||||
Total minimum lease payments | $ | 21,603 | $ | 117,965 | $ | 139,568 | ||||||
Future minimum lease payments under non-cancelable sublease of $3.7 million are included in the table above. | ||||||||||||
In February 2012, we signed a lease for our new San Diego office that was subsequently amended in December 2013. The lease is for approximately 155,443 square feet of office space with total minimum lease commitments of approximately $27.8 million. The lease commenced in August 2012 and will expire in September 2022. | ||||||||||||
During the year ended December 31, 2012, we relocated our San Diego office to another facility in San Diego. As part of this move, we incurred $2.5 million in lease abandonment costs, which primarily consists of a loss on disposal of assets recorded upon vacating our prior facility in August 2012. The lease on our prior San Diego facility does not expire until 2019. The cease-use loss was calculated as the present value of the remaining lease obligation offset by estimated sublease rental receipts during the remaining lease period, adjusted for deferred items and estimated lease incentives. As of December 31, 2013 and 2012, our facility exit obligation balance was $1.4 million and $2.3 million, respectively. The lease abandonment costs are included in general and administrative expense on our consolidated statement of comprehensive income (loss). | ||||||||||||
In September 2012, we signed a lease for a total of 43,590 square feet of office space located in Amsterdam. The square-footage for the first year is approximately 17,857 and increases incrementally over the term of the lease, with total minimum lease commitments of approximately $10.5 million. The lease commenced in October 2012 and has a term of 10.5 years. | ||||||||||||
In November, 2012, we entered into a lease agreement for 148,704 square feet of office space located in San Jose. The lease commenced in April 2013 and has a term of approximately 11 years. Rent is paid on a monthly basis and will increase incrementally over the term of the lease for total minimum lease payments of approximately $48.8 million. | ||||||||||||
Legal Proceedings | ||||||||||||
From time to time, we are party to litigation and other legal proceedings in the ordinary course of business. While the results of any litigation or other legal proceedings are uncertain, management does not believe the ultimate resolution of any pending legal matters is likely to have a material adverse effect on our financial position, results of operations or cash flows, except as discussed below and for those matters for which we have recorded a loss contingency. We accrue for loss contingencies when it is both probable that we will incur the loss and when we can reasonably estimate the amount of the loss. | ||||||||||||
Generally, our subscription agreements require us to indemnify our customers for third-party intellectual property infringement and other claims. Any adverse determination related to intellectual property claims or other litigation could prevent us from offering our services and adversely affect our financial condition and results of operations. | ||||||||||||
On February 6, 2014, Hewlett-Packard Company filed a lawsuit against us in the U.S. District Court for the Northern District of California that alleges that some of our services infringe the claims of eight of Hewlett-Packard's patents. Hewlett-Packard is seeking unspecified damages and an injunction. We intend to vigorously defend this lawsuit. We cannot make a reasonable estimate of the potential loss or range of loss, if any, arising from this matter. |
Information_about_Geographic_A
Information about Geographic Areas | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Segments, Geographical Areas [Abstract] | ' | |||||||||||||||||||
Information About Geographic Areas | ' | |||||||||||||||||||
Information about Geographic Areas | ||||||||||||||||||||
Revenues by geographic area, based on the billing location of the customer, were as follows for the periods presented (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Revenues by geography | ||||||||||||||||||||
North America (1) | $ | 295,400 | $ | 173,001 | $ | 51,901 | $ | 27,919 | $ | 69,333 | ||||||||||
EMEA (2) | 105,177 | 60,579 | 18,842 | 8,693 | 20,093 | |||||||||||||||
Asia Pacific and other | 24,073 | 10,132 | 2,632 | 1,332 | 3,215 | |||||||||||||||
Total revenues | $ | 424,650 | $ | 243,712 | $ | 73,375 | $ | 37,944 | $ | 92,641 | ||||||||||
(1) Revenues attributed to the United States were approximately 94% of North America revenues for each of the years ended December 31, 2013 and 2012, 92% and 97% for the six months ended December 31, 2011 and 2010 (unaudited), respectively, and 96% for fiscal 2011. | ||||||||||||||||||||
(2) Europe, the Middle East and Africa, or EMEA | ||||||||||||||||||||
Long-lived assets by geographic area were as follows (in thousands): | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Long-lived assets: | ||||||||||||||||||||
North America | $ | 52,937 | $ | 30,209 | ||||||||||||||||
EMEA (1) | 18,017 | 10,513 | ||||||||||||||||||
Asia Pacific and other | 4,606 | 1,620 | ||||||||||||||||||
Total long-lived assets | $ | 75,560 | $ | 42,342 | ||||||||||||||||
(1) Europe, the Middle East and Africa, or EMEA |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||
Principles of Consolidation | ' | |||||||||||||
Principles of Consolidation | ||||||||||||||
The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles, or GAAP, and include our accounts and the accounts of our wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation. | ||||||||||||||
Fiscal Year Change | ' | |||||||||||||
Fiscal Year Change | ||||||||||||||
On February 3, 2012, our board of directors approved a change to our fiscal year end from June 30 to December 31. Included in this report is the transition period for the six months ended December 31, 2011. | ||||||||||||||
Use of Estimates | ' | |||||||||||||
Use of Estimates | ||||||||||||||
The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well as reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||||||||||||||
Segments | ' | |||||||||||||
Segments | ||||||||||||||
We define the term “chief operating decision maker” to be our Chief Executive Officer. Our chief operating decision maker allocates resources and assesses financial performance based upon discrete financial information at the consolidated level. Accordingly, we have determined that we operate in a single reporting segment. | ||||||||||||||
Foreign Currency Translation | ' | |||||||||||||
Foreign Currency Translation | ||||||||||||||
The functional currencies for our foreign subsidiaries are primarily their local currencies. Assets and liabilities of the wholly-owned foreign subsidiaries are translated into U.S. dollars at exchange rates in effect at each period end. Amounts classified in stockholders’ equity are translated at historical exchange rates. Revenues and expenses are translated at the average exchange rates during the period. The resulting translation adjustments are recorded in accumulated other comprehensive income (loss) as a component of stockholders’ equity. Foreign currency transaction gains and losses are included in interest and other income (expense), net within the consolidated statements of comprehensive income (loss). | ||||||||||||||
Allocation of Overhead Costs | ' | |||||||||||||
Allocation of Overhead Costs | ||||||||||||||
Overhead costs associated with facilities, IT and certain depreciation related to non cloud-based infrastructure hardware equipment are allocated to cost of revenues and operating expenses based on headcount. Depreciation related to our cloud-based infrastructure hardware equipment is classified as cost of subscription revenues. | ||||||||||||||
Revenue Recognition | ' | |||||||||||||
Revenue Recognition | ||||||||||||||
We derive our revenues from two sources: (i) subscriptions and (ii) professional services and other. Subscription revenues are primarily comprised of subscription fees that give customers access to the ordered subscription service, related support and updates to the subscribed service during the subscription term. | ||||||||||||||
Our contracts typically do not give the customer the right to take possession of the software supporting the services. Professional services and other revenues consist of fees associated with the implementation and configuration of our services. Professional services and other revenues also include customer training and attendance and sponsorship fees for Knowledge, our annual user conference. | ||||||||||||||
We commence revenue recognition when all of the following conditions are met: | ||||||||||||||
• | There is persuasive evidence of an arrangement; | |||||||||||||
• | The service has been provided to the customer; | |||||||||||||
• | The collection of related fees is reasonably assured; and | |||||||||||||
• | The amount of fees to be paid by the customer is fixed or determinable. | |||||||||||||
We use a signed contract together with a signed order form or a purchase order as evidence of an arrangement for a new customer. In subsequent transactions with an existing customer, including an upsell or a renewal, we consider the existing signed contract and either the new signed order form or new purchase order as evidence of an arrangement. | ||||||||||||||
We recognize subscription revenues ratably over the contract term beginning on the commencement date of each contract, the date we make our services available to our customers. Once our services are available to customers, we record amounts due in accounts receivable and in deferred revenue. We price professional services primarily on a time-and-materials basis and recognize professional services revenues as the services are delivered using a proportional performance model. Such services are delivered over a short period of time. In instances where final acceptance of the services are required before revenues are recognized, we defer professional services revenues and the associated costs until all acceptance criteria have been met. | ||||||||||||||
We assess collectibility based on a number of factors such as past collection history with the customer and creditworthiness of the customer. If we determine collectibility is not reasonably assured, we defer revenue recognition until collectibility becomes reasonably assured. We assess whether the fee is fixed or determinable based on the payment terms associated with the transaction and whether the sales price is subject to refund or adjustment. Our arrangements do not include general rights of return. | ||||||||||||||
We have multiple element arrangements comprised of subscription fees and professional services. In October 2009, the Financial Accounting Standards Board, or FASB, ratified authoritative accounting guidance regarding revenue recognition for arrangements with multiple deliverables effective for fiscal periods beginning on or after June 15, 2010. As a result, this guidance was applied to all revenue arrangements entered into or materially modified since July 1, 2010. For fiscal 2011, total revenues increased $6.4 million and deferred revenue decreased $6.4 million due to adoption of the new guidance. | ||||||||||||||
Upon adoption of this authoritative accounting guidance, we began to account for subscription and professional services revenues as separate units of accounting. To qualify as a separate unit of accounting, the delivered item must have value to the customer on a standalone basis. We have concluded that our subscription service has standalone value as it is routinely sold separately by us. In addition, the applications offered through this subscription service are fully functional without any additional development, modification or customization. We provide customers access to our subscription service at the beginning of the contract term. In determining whether professional services have standalone value, we considered the following factors for each professional services agreement: availability of the services from other vendors, the nature of the professional services, the timing of when the professional services contract was signed in comparison to the subscription service start date and the contractual dependence of the subscription service on the customer’s satisfaction with the professional services work. Our professional services, including implementation and configuration services, are not so unique and complex that other vendors cannot provide them. In some instances, customers independently contract with third-party vendors to do the implementation and we regularly outsource implementation services to contracted third-party vendors. As a result, we concluded professional services, including implementation and configuration services, have standalone value. | ||||||||||||||
We determine the selling price of each deliverable in the arrangement using the selling price hierarchy. Under the selling price hierarchy, the selling price for each deliverable is determined using vendor-specific objective evidence, or VSOE, of selling price or third-party evidence, or TPE, of selling price if VSOE does not exist. If neither VSOE nor TPE of selling price exists for a deliverable, the selling price is determined using the best estimate of selling price, or BESP. The selling price for each unit of accounting is based on the BESP since VSOE and TPE are not available for our subscription service or professional services and other. The BESP for each deliverable is determined primarily by considering the historical selling price of these deliverables in similar transactions as well as other factors, including, but not limited to, market competition, review of stand-alone sales and current pricing practices. In determining the appropriate pricing structure, we consider the extent of competitive pricing of similar products and marketing analysis. The total arrangement fee for these multiple element arrangements is then allocated to the separate units of accounting based on the relative selling price. The BESP for our subscription service is based upon the historical selling price of these deliverables. | ||||||||||||||
In limited circumstances, we grant certain customers the right to deploy our subscription service on the customers’ own servers without significant penalty. These arrangements are subject to software revenue recognition guidance since the customer deploys our software. We have analyzed all of the elements in these particular multiple element arrangements and determined that we do not have sufficient VSOE of fair value to allocate revenue to our subscription service and professional services. Consequently, we defer all revenue and related costs under the arrangement until the last element in the transaction has been delivered or started to be delivered. Once the subscription service and the professional services have commenced, we recognize the entire fee and related costs from the arrangement ratably over the remaining period of the arrangement. | ||||||||||||||
Deferred Revenue | ' | |||||||||||||
Deferred Revenue | ||||||||||||||
Deferred revenue consists primarily of payments received in advance of revenue recognition for our subscriptions and professional services and other revenues and is recognized as the revenue recognition criteria are met. We generally invoice our customers in annual installments for our subscription service. Accordingly, the deferred revenue balance does not represent the total contract value of annual or multi-year subscription license agreements. Deferred revenue that will be recognized during the succeeding 12-month period is recorded as current portion of deferred revenue and the remaining portion is recorded as long-term. | ||||||||||||||
Deferred Commissions | ' | |||||||||||||
Deferred Commissions | ||||||||||||||
Deferred commissions are the incremental selling costs that are directly associated with our non-cancelable subscription contracts with customers and consist of sales commissions paid to our direct sales force and referral fees paid to independent third-parties. The majority of commissions and referral fees are deferred and amortized on a straight-line basis over the non-cancelable terms of the related customer contracts. We include amortization of deferred commissions in sales and marketing expense in the consolidated statements of comprehensive income (loss). | ||||||||||||||
Fair Value Measurements | ' | |||||||||||||
Fair Value Measurements | ||||||||||||||
We apply fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized in the financial statements on a non-recurring basis or disclosed at fair value in the financial statements on a recurring basis. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We use a fair value hierarchy that is based on three levels of inputs, of which the first two are considered observable and the last unobservable. The three levels of the fair value hierarchy are as follows: | ||||||||||||||
Level 1—Quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access; | ||||||||||||||
Level 2—Inputs other than Level 1 that are directly or indirectly observable, such as quoted prices for identical or similar assets and liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities, such as interest rates, yield curves and foreign currency spot rates; and | ||||||||||||||
Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. | ||||||||||||||
Cash and Cash Equivalents | ' | |||||||||||||
Cash and Cash Equivalents | ||||||||||||||
Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less. Cash and cash equivalents are stated at cost, which approximates fair value. | ||||||||||||||
Investments | ' | |||||||||||||
Investments | ||||||||||||||
Investments consist of commercial paper, corporate notes and bonds and U.S. government agency securities. We classify investments as available-for-sale at the time of purchase and reevaluate such classification as of each balance sheet date. All investments are recorded at estimated fair value. Unrealized gains and losses for available-for-sale securities are included in accumulated other comprehensive income (loss), a component of stockholders’ equity (deficit). We evaluate our investments to assess whether those with unrealized loss positions are other than temporarily impaired. We consider impairments to be other than temporary if they are related to deterioration in credit risk or if it is likely we will sell the securities before the recovery of their cost basis. Realized gains and losses and declines in value judged to be other than temporary are determined based on the specific identification method and are reported in interest and other income (expense), net in the consolidated statements of comprehensive income (loss). | ||||||||||||||
Accounts Receivable | ' | |||||||||||||
Accounts Receivable | ||||||||||||||
We record trade accounts receivable at the net invoice value and such receivables are non-interest bearing. We consider receivables past due based on the contractual payment terms. We review our exposure to accounts receivable and reserve for specific amounts if collectibility is no longer reasonably assured. | ||||||||||||||
Property and Equipment | ' | |||||||||||||
Property and Equipment | ||||||||||||||
Property and equipment, net, are stated at cost, subject to review of impairment, and depreciated using the straight-line method over the estimated useful lives of the assets as follows: | ||||||||||||||
Computer equipment and software | 3—5 years | |||||||||||||
Furniture and fixtures | 3—5 years | |||||||||||||
Leasehold improvements | shorter of the lease term or estimated useful life | |||||||||||||
When assets are sold, or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in operating expenses. Repairs and maintenance are charged to operations as incurred. | ||||||||||||||
Capitalized Software Costs | ' | |||||||||||||
Capitalized Software Costs | ||||||||||||||
Costs incurred to develop our internal administration, finance and accounting systems are capitalized during the application development stage and amortized over the software’s estimated useful life of three to five years. | ||||||||||||||
Leases | ' | |||||||||||||
Leases | ||||||||||||||
Leases are reviewed and classified as capital or operating at their inception. For leases that contain rent escalations or periods during the lease term where rent is not required, we recognize rent expense based on allocating the total rent payable on a straight-line basis over the term of the lease excluding lease extension periods. The difference between rent payments and straight-line rent expense is recorded as deferred rent in the consolidated balance sheets. Deferred rent that will be recognized during the succeeding 12-month period is recorded as the current portion of deferred rent and the remainder is recorded as long-term deferred rent. | ||||||||||||||
Goodwill, Intangible Assets and Other Long Lived Assets | ' | |||||||||||||
Goodwill, Intangible Assets and Other Long Lived Assets | ||||||||||||||
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. We evaluate and test the recoverability of goodwill for impairment at least annually, or more frequently if circumstances indicate that goodwill may not be recoverable. | ||||||||||||||
Intangible assets are amortized over their useful lives ranging from 18 months to six years. Each period we evaluate the estimated remaining useful life of purchased intangible assets to determine whether events or changes in circumstances warrant a revision to the remaining period of amortization. | ||||||||||||||
We periodically review the carrying amounts of these assets for impairment whenever events or changes in circumstances indicate that the carrying value of these assets may not be recoverable. We measure the recoverability of these assets by comparing the carrying amount of each asset to the future undiscounted cash flows we expect the asset to generate. If we consider any of these assets to be impaired, the impairment to be recognized equals the amount by which the carrying value of the asset exceeds its fair market value. | ||||||||||||||
Convertible Preferred Stock | ' | |||||||||||||
Convertible Preferred Stock | ||||||||||||||
Prior to the closing of the initial public offering, or IPO, we had four series of convertible preferred stock outstanding. We recorded the convertible preferred stock at fair value on the dates of issuance, net of issuance costs. We classified the convertible preferred stock outside of stockholders’ equity because the shares contained liquidation features that were not solely within our control. | ||||||||||||||
Upon the closing of our IPO on July 5, 2012, all of the outstanding 10,462,877 shares of convertible preferred stock automatically converted into an aggregate of 83,703,016 shares of common stock. As of December 31, 2013 and 2012, we had no shares of preferred stock outstanding. | ||||||||||||||
Stock-based Compensation | ' | |||||||||||||
Stock-based Compensation | ||||||||||||||
We recognize compensation expense related to stock options and restricted stock units, or RSUs, on a straight-line basis over the requisite service period, which is generally the vesting term of four years. We recognize compensation expense related to shares issued pursuant to the employee stock purchase plan, or ESPP, on a straight-line basis over the offering period. We recognize compensation expense net of estimated forfeiture activity. We estimate the fair value of options using the Black-Scholes options pricing model and fair value of RSUs using the fair value of our common stock on the date of grant. | ||||||||||||||
Net Income (Loss) Per Share Attributable to Common Stockholders | ' | |||||||||||||
Net Income (Loss) Per Share Attributable to Common Stockholders | ||||||||||||||
We compute net income (loss) attributable to common stockholders using the two-class method required for participating securities. We consider our convertible preferred stock that was outstanding prior to the close of our IPO and shares of common stock subject to repurchase resulting from the early exercise of stock options to be participating securities since they contain non-forfeitable rights to dividends or dividend equivalents in the event we declare a dividend for common stock. In accordance with the two-class method, earnings allocated to these participating securities, are subtracted from net income after deducting preferred stock dividends and accretion to the redemption value of the Series A, Series B and Series C to determine total undistributed earnings to be allocated to common stockholders. The holders of our convertible preferred stock did not have a contractual obligation to share in our net losses and such shares were excluded from the computation of basic earnings per share in periods of net loss. | ||||||||||||||
Basic net income (loss) per share attributable to common stockholders is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. All participating securities are excluded from basic weighted-average common shares outstanding. Diluted net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, adjusted for the effects of dilutive common shares, which are comprised of outstanding common stock options, convertible preferred stock, RSUs, common stock subject to repurchase, ESPP obligations, convertible senior notes and warrants. The dilutive potential common shares are computed using the treasury stock method or the as-if converted method, as applicable. In periods where the effect of the conversion of preferred stock is dilutive, net income (loss) attributable to common stockholders is adjusted by the associated preferred dividends and accretions. The effects of outstanding common stock options, convertible preferred stock, RSUs, common stock subject to repurchase, ESPP obligations, convertible senior notes and warrants are excluded from the computation of diluted net income (loss) per common share in periods in which the effect would be antidilutive. | ||||||||||||||
Concentration of Credit Risk and Significant Customers | ' | |||||||||||||
Concentration of Credit Risk and Significant Customers | ||||||||||||||
Financial instruments potentially exposing us to credit risk consist primarily of cash, cash equivalents, investments, accounts receivable. We maintain cash, cash equivalents and investments at financial institutions that management believes are high credit, quality financial institutions. We invest in securities with a minimum rating of A by Standard & Poor's and A-2 by Moody's. We are also exposed to credit risk under the convertible note hedge ("Note Hedge") transactions that may result from counterparties' non-performance. | ||||||||||||||
Credit risk arising from accounts receivable is mitigated due to our large number of customers and their dispersion across various industries and geographies. As of December 31, 2013 and 2012, there were no customers that represented more than 10% of our accounts receivable balance. There were no customers that individually exceeded 10% of our revenues in any of the periods presented. | ||||||||||||||
We review the composition of the accounts receivable balance, historical write-off experience and the potential risk of loss associated with delinquent accounts to determine if an allowance for doubtful accounts is necessary. Individual accounts receivable are written off when we become aware of a specific customer’s inability to meet its financial obligation, and all collection efforts are exhausted. | ||||||||||||||
Warranties and Indemnification | ' | |||||||||||||
Warranties and Indemnification | ||||||||||||||
Our cloud-based service to automate enterprise IT operations is typically warranted to perform in material conformance with specifications. | ||||||||||||||
We include service level commitments to our customers that permit those customers to receive credits in the event we fail to meet those levels. We establish an accrual based on historical credits paid and an evaluation of the performance of our services including an assessment of the impact, if any, of any known service disruptions. Service level credit accrual charges are recorded against revenue. The following table presents the changes in the service level credit accrual (in thousands): | ||||||||||||||
Balance at Beginning of Year | Additions: Charged against revenue | Less: Usage | Balance at End of Year | |||||||||||
Year ended December 31, 2013 | ||||||||||||||
Service level credit accrual | $ | 1,196 | 430 | 978 | $ | 648 | ||||||||
Year ended December 31, 2012 | ||||||||||||||
Service level credit accrual | $ | 250 | 1,574 | 628 | $ | 1,196 | ||||||||
We have also agreed to indemnify our directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by any of these persons in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by us, arising out of that person’s services as a director or officer of our company or that person’s services provided to any other company or enterprise at our request. We maintain director and officer insurance coverage that may enable us to recover a portion of any future amounts paid. The fair values of these obligations are not material as of each balance sheet date. | ||||||||||||||
Our arrangements include provisions indemnifying customers against intellectual property and other third-party claims. We have not incurred any costs as a result of such indemnifications and have not recorded any liabilities related to such obligations in the consolidated financial statements. | ||||||||||||||
Income Taxes | ' | |||||||||||||
Income Taxes | ||||||||||||||
We use the asset and liability method of accounting for income taxes, in which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be reversed. We recognize the effect on deferred tax assets and liabilities of a change in tax rates as income and expense in the period that includes the enactment date. A valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized. | ||||||||||||||
Our tax positions are subject to income tax audits by multiple tax jurisdictions throughout the world. We recognize the tax benefit of an uncertain tax position only if it is more likely than not the position is sustainable upon examination by the taxing authority, based on the technical merits. We measure the tax benefit recognized as the largest amount of benefit which is more likely than not to be realized upon settlement with the taxing authority. We recognize interest accrued and penalties related to unrecognized tax benefits in our tax provision. | ||||||||||||||
We calculate the current and deferred income tax provision based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed in subsequent years and record adjustments based on filed income tax returns when identified. The amount of income taxes paid is subject to examination by U.S. federal, state and foreign tax authorities. The estimate of the potential outcome of any uncertain tax issue is subject to management’s assessment of relevant risks, facts and circumstances existing at that time. To the extent the assessment of such tax position changes, we record the change in estimate in the period in which we make the determination. | ||||||||||||||
Recent Accounting Pronouncements | ' | |||||||||||||
Recent Accounting Pronouncements | ||||||||||||||
In July 2013, the FASB issued an accounting standard update that provides explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward or a tax credit carryforward exists. Under the new standard update, unrecognized tax benefit, or a portion of an unrecognized tax benefit, is to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward. The new guidance becomes effective for us on January 1, 2014 and it should be applied prospectively to unrecognized tax benefits that exist at the effective date with retrospective application permitted. We determined the impact of this new guidance is not material to the consolidated financial statements. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Summary of Property and Equipment Useful Life | ' | ||||||||||||||||
Property and equipment, net, are stated at cost, subject to review of impairment, and depreciated using the straight-line method over the estimated useful lives of the assets as follows: | |||||||||||||||||
Computer equipment and software | 3—5 years | ||||||||||||||||
Furniture and fixtures | 3—5 years | ||||||||||||||||
Leasehold improvements | shorter of the lease term or estimated useful life | ||||||||||||||||
When assets are sold, or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in operating expenses. Repairs and maintenance are charged to operations as incurred. | |||||||||||||||||
Property and equipment, net consists of the following (in thousands): | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Computer equipment and software | $ | 90,617 | $ | 46,541 | |||||||||||||
Furniture and fixtures | 13,751 | 4,691 | |||||||||||||||
Leasehold improvements | 8,371 | 2,649 | |||||||||||||||
Construction in progress | 928 | 4,855 | |||||||||||||||
113,667 | 58,736 | ||||||||||||||||
Less: Accumulated depreciation | (38,107 | ) | (16,394 | ) | |||||||||||||
Total property and equipment, net | $ | 75,560 | $ | 42,342 | |||||||||||||
Changes in Allowance for Doubtful Accounts | ' | ||||||||||||||||
The following table presents the changes in the allowance for doubtful accounts (in thousands): | |||||||||||||||||
Balance at Beginning of Year | Additions: Charged to Operations | Additions: Charged to Deferred Revenue | Less: | Balance at End of Year | |||||||||||||
Write-offs | |||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Allowance for doubtful accounts | $ | 742 | (43 | ) | 946 | 502 | $ | 1,143 | |||||||||
Year ended December 31, 2012 | |||||||||||||||||
Allowance for doubtful accounts | $ | — | 570 | 172 | — | $ | 742 | ||||||||||
Service Level Credits | ' | ||||||||||||||||
The following table presents the changes in the service level credit accrual (in thousands): | |||||||||||||||||
Balance at Beginning of Year | Additions: Charged against revenue | Less: Usage | Balance at End of Year | ||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||
Service level credit accrual | $ | 1,196 | 430 | 978 | $ | 648 | |||||||||||
Year ended December 31, 2012 | |||||||||||||||||
Service level credit accrual | $ | 250 | 1,574 | 628 | $ | 1,196 | |||||||||||
Investments_Tables
Investments (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||
Summary of Investments | ' | |||||||||||||||
The following is a summary of our investments (in thousands): | ||||||||||||||||
31-Dec-13 | ||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||
Gains | Losses | |||||||||||||||
Available-for-sale securities: | ||||||||||||||||
Commercial paper | $ | 124,330 | $ | 10 | $ | (21 | ) | $ | 124,319 | |||||||
Corporate notes and bonds | 399,519 | 129 | (360 | ) | 399,288 | |||||||||||
Total available-for-sale securities | $ | 523,849 | $ | 139 | $ | (381 | ) | $ | 523,607 | |||||||
31-Dec-12 | ||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||
Gains | Losses | |||||||||||||||
Available-for-sale securities: | ||||||||||||||||
Commercial paper | $ | 72,850 | $ | — | $ | (15 | ) | $ | 72,835 | |||||||
Corporate notes and bonds | 158,038 | 8 | (98 | ) | 157,948 | |||||||||||
U.S. government agency securities | 1,001 | — | — | 1,001 | ||||||||||||
Total available-for-sale securities | $ | 231,889 | $ | 8 | $ | (113 | ) | $ | 231,784 | |||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||
The fair values of available-for-sale investments, by contractual maturity, are as follows: | ||||||||||||||||
31-Dec-13 | ||||||||||||||||
Due in 1 year or less | $ | 268,251 | ||||||||||||||
Due in 1 year through 3 years | 255,356 | |||||||||||||||
Total | $ | 523,607 | ||||||||||||||
Fair Values and Gross Unrealized Losses of Available-for-Sale Securities Aggregated by Investment Category | ' | |||||||||||||||
The following table shows the fair values and the gross unrealized losses of these available-for-sale securities aggregated by investment types (in thousands): | ||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||
Fair Value | Gross | Fair Value | Gross | |||||||||||||
Unrealized | Unrealized | |||||||||||||||
Losses | Losses | |||||||||||||||
Commercial paper | $ | 81,467 | $ | (21 | ) | $ | 36,753 | $ | (15 | ) | ||||||
Corporate notes and bonds | 293,642 | (360 | ) | 137,558 | (98 | ) | ||||||||||
Total | $ | 375,109 | $ | (381 | ) | $ | 174,311 | $ | (113 | ) | ||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ' | |||||||||||||||
Assets and Liabilities Measured at Fair Value on Recurring Basis | ' | |||||||||||||||
The following table presents our fair value hierarchy for our assets and liabilities measured at fair value on a recurring basis at December 31, 2013 (in thousands): | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash and cash equivalents: | ||||||||||||||||
Cash | $ | 69,333 | $ | — | $ | — | $ | 69,333 | ||||||||
Money market funds | 35,248 | — | — | 35,248 | ||||||||||||
Commercial paper | — | 261,722 | — | 261,722 | ||||||||||||
Short-term investments: | ||||||||||||||||
Commercial paper | — | 124,319 | — | 124,319 | ||||||||||||
Corporate notes and bonds | — | 143,932 | — | 143,932 | ||||||||||||
Long-term investments: | ||||||||||||||||
Corporate notes and bonds | — | 255,356 | — | 255,356 | ||||||||||||
Total | $ | 104,581 | $ | 785,329 | $ | — | $ | 889,910 | ||||||||
The following table presents our fair value hierarchy for our assets and liabilities measured at fair value on a recurring basis at December 31, 2012 (in thousands): | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash and cash equivalents: | ||||||||||||||||
Cash | $ | 47,478 | $ | — | $ | — | $ | 47,478 | ||||||||
Money market funds | 35,429 | — | — | 35,429 | ||||||||||||
Commercial paper | — | 36,082 | — | 36,082 | ||||||||||||
Short-term investments: | ||||||||||||||||
Commercial paper | — | 36,753 | — | 36,753 | ||||||||||||
Corporate notes and bonds | — | 157,948 | — | 157,948 | ||||||||||||
U.S. government agency securities | — | 1,001 | — | 1,001 | ||||||||||||
Total | $ | 82,907 | $ | 231,784 | $ | — | $ | 314,691 | ||||||||
Acquisition_Tables
Acquisition (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Acquisition [Abstract] | ' | |||||
Schedule of Purchase Price Allocation | ' | |||||
The following table summarizes the allocation of the purchase price to the fair value of the tangible and intangible assets acquired and liabilities assumed as of the acquisition date: | ||||||
Purchase Price Allocation | Useful Life | |||||
(in thousands) | (in years) | |||||
Net tangible liabilities acquired | $ | (595 | ) | |||
Intangible assets: | ||||||
Developed technology | 5,530 | 4 | ||||
Contracts | 297 | 1.5 | ||||
Non-compete agreements | 31 | 1.5 | ||||
Goodwill | 8,218 | |||||
Net deferred tax liabilities | (139 | ) | ||||
Total purchase price | $ | 13,342 | ||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||
Schedule of Goodwill | ' | |||||||||||
Goodwill balances are presented below (in thousands): | ||||||||||||
Carrying Amount | ||||||||||||
Balance as of December 31, 2012 | $ | — | ||||||||||
Goodwill acquired | 8,218 | |||||||||||
Foreign currency translation adjustments | 506 | |||||||||||
Balance as of December 31, 2013 | $ | 8,724 | ||||||||||
Schedule of Intangible Assets | ' | |||||||||||
Intangible assets consisted of the following (in thousands): | ||||||||||||
December 31, 2013 | ||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||
Developed technology | $ | 5,783 | $ | (723 | ) | $ | 5,060 | |||||
Contracts | 315 | (104 | ) | 211 | ||||||||
Non-compete agreements | 33 | (11 | ) | 22 | ||||||||
Acquisition-related intangible assets | 6,131 | (838 | ) | 5,293 | ||||||||
Other intangible assets | 650 | (147 | ) | 503 | ||||||||
Total intangible assets | $ | 6,781 | $ | (985 | ) | $ | 5,796 | |||||
31-Dec-12 | ||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||
Other intangible assets | $ | 650 | $ | (54 | ) | $ | 596 | |||||
Total intangible assets | $ | 650 | $ | (54 | ) | $ | 596 | |||||
Expected Future Amortization Expense Related to Intangible Assets | ' | |||||||||||
Acquisition-related intangible assets | Other intangible assets | Total | ||||||||||
Years Ending December 31, | ||||||||||||
2014 | $ | 1,678 | $ | 93 | $ | 1,771 | ||||||
2015 | 1,446 | 93 | 1,539 | |||||||||
2016 | 1,446 | 93 | 1,539 | |||||||||
2017 | 723 | 93 | 816 | |||||||||
2018 | — | 93 | 93 | |||||||||
Thereafter | — | 38 | 38 | |||||||||
Total future amortization expense | $ | 5,293 | $ | 503 | $ | 5,796 | ||||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Summary of Property and Equipment, Net | ' | |||||||
Property and equipment, net, are stated at cost, subject to review of impairment, and depreciated using the straight-line method over the estimated useful lives of the assets as follows: | ||||||||
Computer equipment and software | 3—5 years | |||||||
Furniture and fixtures | 3—5 years | |||||||
Leasehold improvements | shorter of the lease term or estimated useful life | |||||||
When assets are sold, or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in operating expenses. Repairs and maintenance are charged to operations as incurred. | ||||||||
Property and equipment, net consists of the following (in thousands): | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Computer equipment and software | $ | 90,617 | $ | 46,541 | ||||
Furniture and fixtures | 13,751 | 4,691 | ||||||
Leasehold improvements | 8,371 | 2,649 | ||||||
Construction in progress | 928 | 4,855 | ||||||
113,667 | 58,736 | |||||||
Less: Accumulated depreciation | (38,107 | ) | (16,394 | ) | ||||
Total property and equipment, net | $ | 75,560 | $ | 42,342 | ||||
Accrued_Expenses_and_Other_Cur1
Accrued Expenses and Other Current Liabilities (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Accrued Liabilities, Current [Abstract] | ' | |||||||
Summary of Accrued Expenses and Other Current Liabilities | ' | |||||||
Accrued expenses and other current liabilities consist of the following (in thousands): | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Taxes payable | $ | 4,187 | $ | 1,941 | ||||
Bonuses and commissions | 22,322 | 10,999 | ||||||
Accrued compensation | 16,610 | 18,392 | ||||||
Other employee expenses | 11,926 | 7,796 | ||||||
Current portion of facility exit obligation | 1,042 | 1,515 | ||||||
Other | 12,043 | 7,416 | ||||||
Total accrued expenses and other current liabilities | $ | 68,130 | $ | 48,059 | ||||
Notes_Payable_Tables
Notes Payable (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Convertible Notes Payable [Abstract] | ' | |||
Schedule of Convertible Notes | ' | |||
The Notes consisted of the following (in thousands): | ||||
31-Dec-13 | ||||
Liability: | ||||
Principal | $ | 575,000 | ||
Less: debt discount, net of amortization | (160,223 | ) | ||
Net carrying amount | $ | 414,777 | ||
Equity(1): | $ | 152,061 | ||
Interest Expense Recognized Related to the Notes | ' | |||
Year ended December 31, 2013 | ||||
Amortization of debt issuance cost | $ | 188 | ||
Amortization of debt discount | 3,310 | |||
Total | $ | 3,498 | ||
Effective interest rate of the liability component | 6.5 | % |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Statement of Comprehensive Income [Abstract] | ' | |||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | ' | |||||||
The components of accumulated other comprehensive loss, net of tax, consist of the following (in thousands): | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Foreign currency translation adjustment | $ | (234 | ) | $ | 69 | |||
Net unrealized loss on investments | (242 | ) | (105 | ) | ||||
Accumulated other comprehensive income (loss) | $ | (476 | ) | $ | (36 | ) |
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Stockholders' Equity Note [Abstract] | ' | ||
Common Stock Outstanding and Reserved Shares of Common Stock for Future Issuance | ' | ||
As of December 31, 2013, we had 140,354,605 shares of common stock outstanding and had reserved shares of common stock for future issuance as follows: | |||
31-Dec-13 | |||
Stock option plan: | |||
Options outstanding | 23,399,374 | ||
RSUs | 5,427,509 | ||
Stock awards available for future grants: | |||
2005 Stock Option Plan(1) | — | ||
2012 Equity Incentive Plan(1) | 13,169,316 | ||
2012 Employee Stock Purchase Plan(1) | 5,549,918 | ||
Total reserved shares of common stock for future issuance | 47,546,117 | ||
-1 | Refer to Note 12 for a description of these plans. |
Stock_Awards_Tables
Stock Awards (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||
Information About Outstanding And Vested Stock Options | ' | ||||||||||||
A summary of the stock option activity for the year ended December 31, 2013 is as follows: | |||||||||||||
Number of | Weighted- | Weighted- | Aggregate | ||||||||||
Shares | Average | Average | Intrinsic Value | ||||||||||
Exercise | Remaining | (in thousands) | |||||||||||
Price | Contractual | ||||||||||||
Term (Years) | |||||||||||||
Outstanding at December 31, 2011 | 39,601,640 | $ | 2.2 | ||||||||||
Granted | 7,695,730 | 15.03 | |||||||||||
Exercised | (6,654,558 | ) | 0.76 | $ | 84,215 | ||||||||
Canceled/forfeited | (4,527,352 | ) | 3.35 | ||||||||||
Outstanding at December 31, 2012 | 36,115,460 | 5.05 | |||||||||||
Granted | 2,339,523 | 38.07 | |||||||||||
Exercised | (12,951,123 | ) | 3.34 | $ | 446,054 | ||||||||
Canceled/forfeited | (2,104,486 | ) | 7.66 | ||||||||||
Outstanding at December 31, 2013 | 23,399,374 | $ | 9.07 | 7.7 | $ | 1,097,746 | |||||||
Vested and expected to vest as of December 31, 2013 | 22,304,397 | $ | 8.71 | 7.73 | $ | 1,054,997 | |||||||
Vested and exercisable as of December 31, 2013 | 9,333,628 | $ | 4.43 | 7.3 | $ | 481,448 | |||||||
Restricted Stock Unit Table | ' | ||||||||||||
RSUs | |||||||||||||
Activity with respect to outstanding RSUs in the year ended December 31, 2013 was as follows: | |||||||||||||
Number of | Weighted Average Grant Date Fair Value | Aggregate | |||||||||||
Shares | (Per Share) | Fair Value | |||||||||||
(in thousands) | |||||||||||||
Outstanding at December 31, 2011 | — | $ | — | ||||||||||
Granted | 1,470,072 | 17.02 | |||||||||||
Vested | — | — | $ | — | |||||||||
Forfeited | (12,202 | ) | 31.97 | ||||||||||
Outstanding at December 31, 2012 | 1,457,870 | 16.89 | |||||||||||
Granted | 4,558,929 | 38.15 | |||||||||||
Vested | (322,623 | ) | 15.15 | $ | 13,510 | ||||||||
Forfeited | (266,667 | ) | 30.65 | ||||||||||
Outstanding at December 31, 2013 | 5,427,509 | $ | 34.02 | $ | 303,995 | ||||||||
Expected to vest as of December 31, 2013 | 5,018,553 | $ | 281,089 | ||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | |||||||||
Estimates Weighted-average Fair Value Per Share of Options Granted | ' | |||||||||
The following assumptions were used for each respective period to calculate our stock-based compensation for each stock option grant on the date of the grant: | ||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||
(Unaudited) | ||||||||||
Stock Options: | ||||||||||
Expected volatility | 50% - 52% | 53% - 57% | 56% - 69% | 57% - 67% | 50% - 69% | |||||
Expected term (in years) | 6.02 | 6.05 | 5.75 | 6.04 | 6.05 | |||||
Risk-free interest rate | 0.91% - 2.05% | 0.83% - 1.18% | 0% - 1.92% | 1.43% - 2.06% | 1.43% - 2.96% | |||||
Dividend yield | — | — | — | — | — | |||||
The following assumptions were used to calculate our stock-based compensation for each stock purchase right granted under the 2012 ESPP: | ||||||||||
Year Ended December 31, | ||||||||||
2013 | 2012 | |||||||||
ESPP: | ||||||||||
Expected volatility | 35% - 42% | 42 | % | |||||||
Expected term (in years) | 0.5 | 0.58 | ||||||||
Risk-free interest rate | 0.08% - 0.16% | 0.16 | % | |||||||
Dividend yield | — | — | ||||||||
Net_Income_Loss_Per_Share_Attr1
Net Income (Loss) Per Share Attributable to Common Stockholders (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||||||
Calculation of Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders | ' | |||||||||||||||||||
The following tables present the calculation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except share and per share data): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Numerator: | ||||||||||||||||||||
Net income (loss) | $ | (73,708 | ) | $ | (37,348 | ) | $ | (6,684 | ) | $ | 4,803 | $ | 9,830 | |||||||
Accretion of redeemable convertible preferred stock | — | (308 | ) | (312 | ) | (320 | ) | (633 | ) | |||||||||||
Net income attributable to participating securities | — | — | — | (3,721 | ) | (7,558 | ) | |||||||||||||
Net income (loss) attributable to common stockholders—basic | $ | (73,708 | ) | $ | (37,656 | ) | $ | (6,996 | ) | $ | 762 | $ | 1,639 | |||||||
Undistributed earnings reallocated to participating securities | $ | — | $ | — | $ | — | $ | 349 | $ | 671 | ||||||||||
Net income (loss) attributable to common stockholders— diluted | $ | (73,708 | ) | $ | (37,656 | ) | $ | (6,996 | ) | $ | 1,111 | $ | 2,310 | |||||||
Denominator: | ||||||||||||||||||||
Weighted-average shares outstanding Basic | 135,415,809 | 73,908,631 | 21,104,219 | 17,156,445 | 18,163,977 | |||||||||||||||
Effect of potentially dilutive securities: | ||||||||||||||||||||
Common stock options | — | — | — | 10,465,912 | 9,931,509 | |||||||||||||||
Weighted-average shares outstanding Diluted | 135,415,809 | 73,908,631 | 21,104,219 | 27,622,357 | 28,095,486 | |||||||||||||||
Net income (loss) per share attributable to common stockholders: | ||||||||||||||||||||
Basic | $ | (0.54 | ) | $ | (0.51 | ) | $ | (0.33 | ) | $ | 0.04 | $ | 0.09 | |||||||
Diluted | $ | (0.54 | ) | $ | (0.51 | ) | $ | (0.33 | ) | $ | 0.04 | $ | 0.08 | |||||||
Summary of Potentially Dilutive Securities | ' | |||||||||||||||||||
Potentially dilutive securities that are not included in the calculation of diluted net income (loss) per share because doing so would be antidilutive are as follows: | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Common stock options | 23,399,374 | 36,115,460 | 39,601,640 | 7,890,844 | 7,635,190 | |||||||||||||||
Convertible preferred stock | — | — | 83,703,016 | 83,703,016 | 83,703,016 | |||||||||||||||
Restricted stock units | 5,427,509 | 1,457,870 | — | — | — | |||||||||||||||
Common stock subject to repurchase | 91,504 | 235,066 | 578,616 | — | 83,551 | |||||||||||||||
ESPP obligations | 226,093 | 435,945 | — | — | — | |||||||||||||||
Convertible senior notes | 7,783,023 | — | — | — | — | |||||||||||||||
Warrants related to the issuance of convertible senior notes | 7,783,023 | — | — | — | — | |||||||||||||||
Total potentially dilutive securities | 44,710,526 | 38,244,341 | 123,883,272 | 91,593,860 | 91,421,757 | |||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||||||||||
Components of Provision for Income Taxes | ' | |||||||||||||||||||
The provision for income taxes consists of the following (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Current provision: | ||||||||||||||||||||
Federal | $ | 2 | $ | 187 | $ | 325 | $ | 111 | $ | 62 | ||||||||||
State | 287 | 200 | 396 | 449 | 988 | |||||||||||||||
Foreign | 2,454 | 1,787 | 329 | 93 | 286 | |||||||||||||||
2,743 | 2,174 | 1,050 | 653 | 1,336 | ||||||||||||||||
Deferred provision: | ||||||||||||||||||||
Federal | — | (55 | ) | 22 | — | — | ||||||||||||||
State | — | (5 | ) | 3 | — | — | ||||||||||||||
Foreign | (232 | ) | (746 | ) | — | — | — | |||||||||||||
(232 | ) | (806 | ) | 25 | — | — | ||||||||||||||
Provision for income taxes | $ | 2,511 | $ | 1,368 | $ | 1,075 | $ | 653 | $ | 1,336 | ||||||||||
Components of Income (Loss) From Continuing Operations Before Income Taxes | ' | |||||||||||||||||||
The components of income (loss) from continuing operations before income taxes by U.S. and foreign jurisdictions were as follows (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
United States | $ | (35,901 | ) | $ | (7,903 | ) | $ | (1,375 | ) | $ | 5,368 | $ | 10,585 | |||||||
Foreign | (35,296 | ) | (28,077 | ) | (4,234 | ) | 88 | 581 | ||||||||||||
Total | $ | (71,197 | ) | $ | (35,980 | ) | $ | (5,609 | ) | $ | 5,456 | $ | 11,166 | |||||||
Reconciliation of Federal Income Tax Rate | ' | |||||||||||||||||||
The effective income tax rate differs from the federal statutory income tax rate applied to the income (loss) before provision for income taxes due to the following (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Tax computed at U.S. federal statutory rate | $ | (24,207 | ) | $ | (12,234 | ) | $ | (1,907 | ) | $ | 1,857 | $ | 3,799 | |||||||
State taxes, net of federal benefit | 148 | 329 | 82 | 122 | 250 | |||||||||||||||
Tax rate differential for international subsidiaries | 14,542 | 10,743 | 1,589 | (23 | ) | (47 | ) | |||||||||||||
Stock-based compensation | 3,447 | 3,926 | 978 | 244 | 727 | |||||||||||||||
Tax credits | (12,529 | ) | (1,056 | ) | (378 | ) | (150 | ) | (409 | ) | ||||||||||
Tax contingencies | 76 | 452 | 178 | 74 | 171 | |||||||||||||||
Non-deductible expenses | 550 | 532 | 244 | 120 | 305 | |||||||||||||||
Change in state rate | 14 | (68 | ) | 8 | 295 | 662 | ||||||||||||||
Other | 242 | (697 | ) | 146 | 379 | 344 | ||||||||||||||
Valuation allowance | 20,228 | (559 | ) | 135 | (2,265 | ) | (4,466 | ) | ||||||||||||
Provision for income taxes | $ | 2,511 | $ | 1,368 | $ | 1,075 | $ | 653 | $ | 1,336 | ||||||||||
Reconciliation of Deferred Tax Assets and Liabilities | ' | |||||||||||||||||||
Significant components of our deferred tax assets are shown below (in thousands). A valuation allowance has been recognized to offset our deferred tax assets, as necessary, by the amount of any tax benefits that, based on evidence, are not expected to be realized. | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Deferred tax assets: | ||||||||||||||||||||
Net operating loss carryforwards | $ | 4,306 | $ | 2,647 | ||||||||||||||||
Deferred revenue | 3,739 | 2,421 | ||||||||||||||||||
Accrued expenses | 2,549 | 1,357 | ||||||||||||||||||
Deferred rent | 1,119 | 322 | ||||||||||||||||||
Credit carryforwards | 14,871 | 2,342 | ||||||||||||||||||
Facility exit obligation | 698 | 1,102 | ||||||||||||||||||
Stock-based compensation | 15,464 | 7,474 | ||||||||||||||||||
Note Hedge and others | 48,241 | — | ||||||||||||||||||
Other | 1,448 | 1,367 | ||||||||||||||||||
Total deferred tax assets | 92,435 | 19,032 | ||||||||||||||||||
Less valuation allowance | (25,795 | ) | (13,270 | ) | ||||||||||||||||
66,640 | 5,762 | |||||||||||||||||||
Deferred tax liabilities: | ||||||||||||||||||||
Depreciation | (9,608 | ) | (5,016 | ) | ||||||||||||||||
Convertible notes | (54,817 | ) | — | |||||||||||||||||
Purchased intangibles | (1,239 | ) | — | |||||||||||||||||
Net deferred tax assets | $ | 976 | $ | 746 | ||||||||||||||||
Reconciliation of Beginning and Ending Balance of Total Unrecognized Tax Benefits | ' | |||||||||||||||||||
A reconciliation of the beginning and ending balance of total unrecognized tax benefits is as follows (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Balance, beginning period | $ | 1,725 | $ | 710 | $ | 519 | $ | 374 | $ | 374 | ||||||||||
Tax positions taken in prior period: | ||||||||||||||||||||
Gross increases | 333 | 827 | — | — | — | |||||||||||||||
Gross decreases | (14 | ) | (65 | ) | — | — | — | |||||||||||||
Tax positions taken in current period: | ||||||||||||||||||||
Gross increases | 2,784 | 264 | 191 | 73 | 145 | |||||||||||||||
Gross decreases | — | — | — | — | — | |||||||||||||||
Lapse of statute of limitations | (18 | ) | (11 | ) | — | — | — | |||||||||||||
Balance, end of period | $ | 4,810 | $ | 1,725 | $ | 710 | $ | 447 | $ | 519 | ||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Annual Future Minimum Payments Under Operating Leases | ' | |||||||||||
Annual future minimum payments under these operating leases as of December 31, 2013 (in thousands) are presented in the table below. | ||||||||||||
Data Centers | Office Leases | Total | ||||||||||
Fiscal Period: | ||||||||||||
2014 | $ | 9,797 | $ | 10,314 | $ | 20,111 | ||||||
2015 | 6,989 | 13,629 | 20,618 | |||||||||
2016 | 2,831 | 14,222 | 17,053 | |||||||||
2017 | 670 | 14,754 | 15,424 | |||||||||
2018 | 636 | 13,776 | 14,412 | |||||||||
Thereafter | 680 | 51,270 | 51,950 | |||||||||
Total minimum lease payments | $ | 21,603 | $ | 117,965 | $ | 139,568 | ||||||
Information_about_Geographic_A1
Information about Geographic Areas (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Segments, Geographical Areas [Abstract] | ' | |||||||||||||||||||
Revenues by Geographic Area, Based on Billing Location of Customer | ' | |||||||||||||||||||
Revenues by geographic area, based on the billing location of the customer, were as follows for the periods presented (in thousands): | ||||||||||||||||||||
Year Ended December 31, | Six Months Ended December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2011 | ||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Revenues by geography | ||||||||||||||||||||
North America (1) | $ | 295,400 | $ | 173,001 | $ | 51,901 | $ | 27,919 | $ | 69,333 | ||||||||||
EMEA (2) | 105,177 | 60,579 | 18,842 | 8,693 | 20,093 | |||||||||||||||
Asia Pacific and other | 24,073 | 10,132 | 2,632 | 1,332 | 3,215 | |||||||||||||||
Total revenues | $ | 424,650 | $ | 243,712 | $ | 73,375 | $ | 37,944 | $ | 92,641 | ||||||||||
(1) Revenues attributed to the United States were approximately 94% of North America revenues for each of the years ended December 31, 2013 and 2012, 92% and 97% for the six months ended December 31, 2011 and 2010 (unaudited), respectively, and 96% for fiscal 2011. | ||||||||||||||||||||
(2) Europe, the Middle East and Africa, or EMEA | ||||||||||||||||||||
Schedule of Long Lived Assets by Geographic Area | ' | |||||||||||||||||||
Long-lived assets by geographic area were as follows (in thousands): | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Long-lived assets: | ||||||||||||||||||||
North America | $ | 52,937 | $ | 30,209 | ||||||||||||||||
EMEA (1) | 18,017 | 10,513 | ||||||||||||||||||
Asia Pacific and other | 4,606 | 1,620 | ||||||||||||||||||
Total long-lived assets | $ | 75,560 | $ | 42,342 | ||||||||||||||||
(1) Europe, the Middle East and Africa, or EMEA |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | |||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 05, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Maximum [Member] | Minimum [Member] | Computer Software, Intangible Asset [Member] | Computer Software, Intangible Asset [Member] | Common Stock | |||||
Maximum [Member] | Minimum [Member] | ||||||||
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred revenue recognized period | '12 months | ' | ' | ' | ' | ' | ' | ' | ' |
Original maturities of cash and cash equivalents | 'Three months or less | ' | ' | ' | ' | ' | ' | ' | ' |
Property and Equipment useful lives | ' | ' | ' | ' | ' | ' | '5 years | '3 years | ' |
Current portion of deferred rent recognized period | '12 months | ' | ' | ' | ' | ' | ' | ' | ' |
Intangible Assets Useful Life | ' | ' | ' | ' | '6 years | '18 months | ' | ' | ' |
Preferred Stock, Shares Outstanding | 0 | 0 | 10,462,877 | ' | ' | ' | ' | ' | ' |
Conversion of preferred stock to common stock upon initial public offering (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 83,703,016 |
Stock options vesting period | '4 years | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for Doubtful Accounts Receivable | $1,143 | $742 | ' | $0 | ' | ' | ' | ' | ' |
Valuation Allowances and Reserves, Balance | $648 | $1,196 | ' | $250 | ' | ' | ' | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies - Summary of Effects of New Guidance on Consolidated Balance Sheets and Statements of Comprehensive Income (Loss) (Detail) (USD $) | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' | ' |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Revenue | ' | ' | ' | ' | $6,400,000 |
Revenues: | ' | ' | ' | ' | ' |
Subscription | 64,886,000 | 33,191,000 | 349,804,000 | 204,526,000 | 79,191,000 |
Professional services and other | 8,489,000 | 4,753,000 | 74,846,000 | 39,186,000 | 13,450,000 |
Total revenues | 73,375,000 | 37,944,000 | 424,650,000 | 243,712,000 | 92,641,000 |
New Accounting Pronouncement or Change in Accounting Principle, Current Period Disclosures, Deferred Revenue, Amount | ' | ' | ' | ' | $6,400,000 |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies - Property and Equipment, Net Estimated Useful Lives (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Computer Equipment And Software [Member] | Minimum [Member] | ' |
Property and equipment estimated useful lives | ' |
Property and Equipment useful lives | '3 years |
Computer Equipment And Software [Member] | Maximum [Member] | ' |
Property and equipment estimated useful lives | ' |
Property and Equipment useful lives | '5 years |
Furniture and Fixtures [Member] | Minimum [Member] | ' |
Property and equipment estimated useful lives | ' |
Property and Equipment useful lives | '3 years |
Furniture and Fixtures [Member] | Maximum [Member] | ' |
Property and equipment estimated useful lives | ' |
Property and Equipment useful lives | '5 years |
Leasehold Improvements [Member] | ' |
Property and equipment estimated useful lives | ' |
Property and Equipment useful lives | 'shorter of the lease term or estimated useful life |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies - Changes in Allowance for Doubtful Accounts (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Changes in the allowance for doubtful accounts | ' | ' |
Balance at beginning of period | $742 | $0 |
Additions: Charged to operations | -43 | -570 |
Additions: Charged to Deferred Revenue | 946 | 172 |
Less: Write-offs | -502 | 0 |
Balance at end of period | $1,143 | $742 |
Summary_of_Significant_Account7
Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Concentration (Details) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jun. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jun. 30, 2011 | Dec. 31, 2010 |
Customer | Customer | Customer | Customer | Customer | Customer One [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | |
Customer | Customer | Customer | Customer | Customer | |||||||
Concentration Risk [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of customers represented more than ten percent of the accounts receivable balance | 0 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' |
Percentage of Revenues, Customers Exceeded Individually | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' |
Number Of Significant Revenue Customers | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Percentage Of Revenue | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' |
Summary_of_Significant_Account8
Summary of Significant Accounting Policies Summary of Accounting Policies - Service Level Credits (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Accounting Policies [Abstract] | ' | ' |
Service level credit accrual, Balance at beginning of period | $1,196 | $250 |
Additions: Charged against revenue | 430 | 1,574 |
Less: Usage | 978 | 628 |
Service level credit accrual, Balance at end of period | $648 | $1,196 |
Investments_Summary_of_Investm
Investments - Summary of Investments (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $523,849 | $231,889 |
Gross Unrealized Gains | 139 | 8 |
Gross Unrealized Losses | -381 | -113 |
Estimated Fair Value | 523,607 | 231,784 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 268,251 | ' |
Available-for-sale Securities, Debt Maturities, Year Two Through Three, Fair Value | 255,356 | ' |
Commercial paper | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 124,330 | 72,850 |
Gross Unrealized Gains | 10 | 0 |
Gross Unrealized Losses | -21 | -15 |
Estimated Fair Value | 124,319 | 72,835 |
Corporate notes and bonds securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 399,519 | 158,038 |
Gross Unrealized Gains | 129 | 8 |
Gross Unrealized Losses | -360 | -98 |
Estimated Fair Value | 399,288 | 157,948 |
US government agencies securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | ' | 1,001 |
Gross Unrealized Gains | ' | 0 |
Gross Unrealized Losses | ' | 0 |
Estimated Fair Value | ' | $1,001 |
Investments_Additional_Informa
Investments - Additional Information (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Available-for-sale Securities [Abstract] | ' |
Available For Sale Securities Maturities Term Maximum | '24 months |
Available for sale, gross unrealized term held | '12 months |
Other-than-temporary impairments considered | $0 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 122 |
Investments_Fair_Values_and_Gr
Investments - Fair Values and Gross Unrealized Losses of Available-for-Sale Securities Aggregated by Investment Category (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value | ($375,109) | ($174,311) |
Gross Unrealized Losses | -381 | -113 |
Commercial paper | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value | -81,467 | -36,753 |
Gross Unrealized Losses | -21 | -15 |
Corporate notes and bonds securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value | -293,642 | -137,558 |
Gross Unrealized Losses | ($360) | ($98) |
Fair_Value_Measurements_Assets
Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | $523,607 | $231,784 |
Commercial paper | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 124,319 | 72,835 |
Corporate notes and bonds securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 399,288 | 157,948 |
US government agencies securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | ' | 1,001 |
Level 1 | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Total | 104,581 | 82,907 |
Level 2 | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Total | 785,329 | 231,784 |
Level 3 | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Total | 0 | 0 |
Total | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Total | 889,910 | 314,691 |
Cash [Member] | Level 1 | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 69,333 | 47,478 |
Cash [Member] | Level 2 | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Cash [Member] | Level 3 | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Cash [Member] | Total | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 69,333 | 47,478 |
Cash Equivalents [Member] | Level 1 | Money market funds | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 35,248 | 35,429 |
Cash Equivalents [Member] | Level 1 | Commercial paper | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Cash Equivalents [Member] | Level 2 | Money market funds | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Cash Equivalents [Member] | Level 2 | Commercial paper | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 261,722 | 36,082 |
Cash Equivalents [Member] | Level 3 | Money market funds | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Cash Equivalents [Member] | Level 3 | Commercial paper | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Cash Equivalents [Member] | Total | Money market funds | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 35,248 | 35,429 |
Cash Equivalents [Member] | Total | Commercial paper | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Cash and cash equivalents | 261,722 | 36,082 |
Short-term Investments [Member] | Level 1 | Commercial paper | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 0 | 0 |
Short-term Investments [Member] | Level 1 | Corporate notes and bonds securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 0 | 0 |
Short-term Investments [Member] | Level 1 | US government agencies securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | ' | 0 |
Short-term Investments [Member] | Level 2 | Commercial paper | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 124,319 | 36,753 |
Short-term Investments [Member] | Level 2 | Corporate notes and bonds securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 143,932 | 157,948 |
Short-term Investments [Member] | Level 2 | US government agencies securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | ' | 1,001 |
Short-term Investments [Member] | Level 3 | Commercial paper | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 0 | 0 |
Short-term Investments [Member] | Level 3 | Corporate notes and bonds securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 0 | 0 |
Short-term Investments [Member] | Level 3 | US government agencies securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | ' | 0 |
Short-term Investments [Member] | Total | Commercial paper | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 124,319 | 36,753 |
Short-term Investments [Member] | Total | Corporate notes and bonds securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 143,932 | 157,948 |
Short-term Investments [Member] | Total | US government agencies securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | ' | 1,001 |
Other Long-term Investments [Member] | Level 1 | Corporate notes and bonds securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 0 | ' |
Other Long-term Investments [Member] | Level 2 | Corporate notes and bonds securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 255,356 | ' |
Other Long-term Investments [Member] | Level 3 | Corporate notes and bonds securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | 0 | ' |
Other Long-term Investments [Member] | Total | Corporate notes and bonds securities | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' |
Investments | $255,356 | ' |
Acquisition_Details
Acquisition (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Jul. 02, 2013 | Jul. 02, 2013 | Dec. 31, 2013 | Jul. 02, 2013 | Dec. 31, 2013 | Jul. 02, 2013 |
Developed Technology Rights [Member] | Mirror42 Holding B.V. [Member] | Mirror42 Holding B.V. [Member] | Mirror42 Holding B.V. [Member] | Mirror42 Holding B.V. [Member] | Mirror42 Holding B.V. [Member] | Mirror42 Holding B.V. [Member] | |||
Developed Technology Rights [Member] | Contract-Based Intangible Assets [Member] | Contract-Based Intangible Assets [Member] | Noncompete Agreements [Member] | Noncompete Agreements [Member] | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments to Acquire Businesses, Net of Cash Acquired | ' | ' | ' | $13,300,000 | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | ' | ' | ' | -595,000 | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | ' | ' | ' | ' | 5,530,000 | ' | 297,000 | ' | 31,000 |
Intangible Assets Useful Life | ' | ' | '4 years | ' | ' | '1 year 6 months | ' | '1 year 6 months | ' |
Goodwill | 8,724,000 | 0 | ' | 8,218,000 | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent | ' | ' | ' | -139,000 | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net | ' | ' | ' | 13,342,000 | ' | ' | ' | ' | ' |
Business Acquisition, Goodwill, Expected Tax Deductible Amount | $8,100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule_of_Goodwill_Details
Schedule of Goodwill (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill [Roll Forward] | ' | ' |
Goodwill | $8,724 | $0 |
Goodwill acquired | 8,218 | ' |
Foreign currency translation adjustment | $506 | ' |
Schedule_of_Intangible_Assets_
Schedule of Intangible Assets (Details) (USD $) | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross Carrying Amount | ' | ' | $6,781,000 | $650,000 | ' |
Accumulated Amortization | ' | ' | -985,000 | -54,000 | ' |
Total future amortization expense | ' | ' | 5,796,000 | 596,000 | ' |
Amortization of Intangible Assets | 0 | 0 | 925,000 | 54,000 | 0 |
Developed Technology Rights [Member] | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross Carrying Amount | ' | ' | 5,783,000 | ' | ' |
Accumulated Amortization | ' | ' | -723,000 | ' | ' |
Total future amortization expense | ' | ' | 5,060,000 | ' | ' |
Contract-Based Intangible Assets [Member] | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross Carrying Amount | ' | ' | 315,000 | ' | ' |
Accumulated Amortization | ' | ' | -104,000 | ' | ' |
Total future amortization expense | ' | ' | 211,000 | ' | ' |
Noncompete Agreements [Member] | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross Carrying Amount | ' | ' | 33,000 | ' | ' |
Accumulated Amortization | ' | ' | -11,000 | ' | ' |
Total future amortization expense | ' | ' | 22,000 | ' | ' |
Acquisition related intangible asset [Domain] | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross Carrying Amount | ' | ' | 6,131,000 | ' | ' |
Accumulated Amortization | ' | ' | -838,000 | ' | ' |
Total future amortization expense | ' | ' | 5,293,000 | ' | ' |
Other Intangible Assets [Member] | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross Carrying Amount | ' | ' | 650,000 | 650,000 | ' |
Accumulated Amortization | ' | ' | -147,000 | -54,000 | ' |
Total future amortization expense | ' | ' | $503,000 | $596,000 | ' |
Schedule_of_Estimated_Future_A
Schedule of Estimated Future Amortization of Intangible Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
2014 | $1,771 | ' |
2015 | 1,539 | ' |
2016 | 1,539 | ' |
2017 | 816 | ' |
2018 | 93 | ' |
Thereafter | 38 | ' |
Total future amortization expense | 5,796 | 596 |
Acquisition related intangible asset [Domain] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
2014 | 1,678 | ' |
2015 | 1,446 | ' |
2016 | 1,446 | ' |
2017 | 723 | ' |
2018 | 0 | ' |
Thereafter | 0 | ' |
Total future amortization expense | 5,293 | ' |
Other Intangible Assets [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
2014 | 93 | ' |
2015 | 93 | ' |
2016 | 93 | ' |
2017 | 93 | ' |
2018 | 93 | ' |
Thereafter | 38 | ' |
Total future amortization expense | 503 | 596 |
Acquisition-related Costs [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total future amortization expense | $5,293 | ' |
Property_and_Equipment_Net_Det
Property and Equipment - Net (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | $113,667 | $58,736 |
Less: accumulated depreciation | -38,107 | -16,394 |
Total property and equipment, net | 75,560 | 42,342 |
Computer Equipment And Software [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | 90,617 | 46,541 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | 13,751 | 4,691 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | 8,371 | 2,649 |
Construction in Progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, Gross | $928 | $4,855 |
Property_and_Equipment_Additio
Property and Equipment - Additional Information (Detail) (USD $) | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' |
Depreciation | $2,000,000 | $500,000 | $22,592,000 | $13,500,000 | $1,500,000 |
Accrued_Expenses_and_Other_Cur2
Accrued Expenses and Other Current Liabilities - (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Liabilities, Current [Abstract] | ' | ' |
Taxes payable | $4,187 | $1,941 |
Bonuses and commissions | 22,322 | 10,999 |
Accrued compensation | 16,610 | 18,392 |
Other employee expenses | 11,926 | 7,796 |
Current portion of facility exit obligation | 1,042 | 1,515 |
Other | 12,043 | 7,416 |
Total accrued expenses and other current liabilities | $68,130 | $48,059 |
Notes_Payable_Details
Notes Payable (Details) (USD $) | 6 Months Ended | 12 Months Ended | ||||
Share data in Millions, except Per Share data, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | Nov. 06, 2013 |
Convertible Notes Payable [Abstract] | ' | ' | ' | ' | ' | ' |
Contractual interest rate - Notes | ' | ' | ' | ' | ' | 0.00% |
Notes Maturity Date | ' | ' | 1-Nov-18 | ' | ' | ' |
Notes, par value | ' | ' | $575,000,000 | ' | ' | ' |
Converted number of shares | ' | ' | 7.8 | ' | ' | ' |
Conversion rate | ' | ' | 13.54 | ' | ' | ' |
Notes face amount | ' | ' | 1,000 | ' | ' | ' |
Initial conversion price, per share | ' | ' | ' | ' | ' | $73.88 |
Terms of conversion feature | ' | ' | 'July 1, 2018 | ' | ' | ' |
Earliest date of conversion | ' | ' | 31-Mar-14 | ' | ' | ' |
Number of days out of 30 that common stock price exceeded conversion price, days | ' | ' | 20 | ' | ' | ' |
Number of consecutive trading days in a period | ' | ' | '30 days | ' | ' | ' |
Threshold percentage of stock price trigger | ' | ' | 100.00% | ' | ' | ' |
Percentage of purchase price of Notes which should be paid upon fundamental change | ' | ' | 100.00% | ' | ' | ' |
Deferred tax liability | ' | ' | 6,600,000 | ' | ' | ' |
Price per share (usd per share) | ' | ' | $56.01 | ' | ' | ' |
Remaining life of the Notes | ' | ' | '58 months | ' | ' | ' |
Note Hedged shares of common stock covered | ' | ' | 7.8 | ' | ' | ' |
Purchase of convertible note hedge | 0 | 0 | 135,815,000 | 0 | 0 | ' |
Issuance of warrants (in shares) | ' | ' | 7.8 | ' | ' | ' |
Exercise price of warrants issued (usd per share) | ' | ' | ' | ' | ' | 107.46 |
Proceeds from issuance of warrants | $0 | $0 | $84,525,000 | $0 | $0 | ' |
Notes_Payable_Schedule_of_Note
Notes Payable - Schedule of Notes Payable (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||
Convertible Notes Payable [Abstract] | ' | ' | |
Notes, par value | $575,000 | ' | |
Less: debt discount, net of amortization | -160,223 | ' | |
Convertible senior notes, net | 414,777 | 0 | |
Equity | $152,061 | [1] | ' |
[1] | Included in the consolidated balance sheets within additional paid-in capital. |
Notes_Payable_Notes_Payable_Sc
Notes Payable Notes Payable - Schedule of Interest Expense Recognized (Details) (USD $) | 6 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 |
Convertible Notes Payable [Abstract] | ' | ' | ' | ' | ' |
Amortization of debt issuance cost | ' | ' | $188 | ' | ' |
Amortization of debt discount | ' | ' | 3,310 | ' | ' |
Amortization of debt discount and issuance costs | $0 | $0 | $3,498 | $0 | $0 |
Effective interest rate of the liability component | ' | ' | 6.50% | ' | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) - (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Statement of Comprehensive Income [Abstract] | ' | ' |
Foreign currency translation adjustment | ($234) | $69 |
Net unrealized loss on investments | -242 | -105 |
Accumulated other comprehensive income (loss) | ($476) | ($36) |
Stockholders_Equity_Additional
Stockholders' Equity - Additional Information (Detail) (USD $) | 0 Months Ended | 6 Months Ended | 12 Months Ended | |||||||
Nov. 20, 2012 | Nov. 20, 2012 | Jul. 05, 2012 | Jul. 05, 2012 | Feb. 21, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares of common stock, authorized (shares) | ' | ' | ' | ' | ' | ' | ' | 600,000,000 | 600,000,000 | ' |
Shares of common stock, issued and sold (shares) | ' | ' | ' | ' | ' | ' | ' | 140,354,605 | 126,367,700 | ' |
Gross proceeds in a private placement | ' | ' | ' | ' | $17,900,000 | $0 | $0 | $0 | $17,848,000 | $0 |
Shares sold in private placement by founder (shares) | ' | ' | ' | ' | 700,000 | ' | ' | ' | ' | ' |
Shares Issued Under Initial Public Offer Offering Price Per Share | $28 | $28 | $18 | $18 | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon follow-on offering, net of issuance costs (in shares) | 16,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon initial public offering, net of offering costs (in shares) | ' | ' | 13,397,500 | ' | ' | ' | ' | ' | ' | ' |
Net proceeds from initial public offering | ' | ' | 173,300,000 | ' | ' | 0 | 0 | 0 | 169,784,000 | 0 |
Issuance costs | ' | 1,200,000 | ' | 3,500,000 | ' | ' | ' | ' | ' | ' |
Net proceeds from (offering costs paid in connection with) follow-on offering | 51,000,000 | ' | ' | ' | ' | ' | ' | 56,498,000 | 49,850,000 | ' |
Price per share (usd per share) | ' | ' | ' | ' | ' | ' | ' | $56.01 | ' | ' |
Common stock issued under employee stock plans (in shares) | ' | ' | ' | ' | ' | ' | ' | 12,951,123 | 6,654,558 | ' |
Common Stock, Shares, Outstanding | ' | ' | ' | ' | ' | ' | ' | 140,354,605 | 126,367,700 | ' |
Preferred Stock, Shares Authorized | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | 10,000,000 | ' |
Preferred Stock, Shares Outstanding | ' | ' | 10,462,877 | 10,462,877 | ' | ' | ' | 0 | 0 | ' |
Private Placement [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares of common stock, issued and sold (shares) | ' | ' | ' | ' | 1,750,980 | ' | ' | ' | ' | ' |
Common stock issued and sold, (usd per share) | ' | ' | ' | ' | $10.20 | ' | ' | ' | ' | ' |
10 Dollar per share [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repurchase and cancellation of common shares (shares) | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' |
11 Dollar per share [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repurchase and cancellation of common shares (shares) | ' | ' | ' | ' | ' | ' | ' | ' | 77,498 | ' |
12 Dollar Per Share [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repurchase and cancellation of common shares (shares) | ' | ' | ' | ' | ' | ' | ' | ' | 6,666 | ' |
One Lac Shares [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share (usd per share) | ' | ' | ' | ' | ' | ' | ' | ' | $10 | ' |
77498 Shares [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share (usd per share) | ' | ' | ' | ' | ' | ' | ' | ' | $11.50 | ' |
6666 Shares [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share (usd per share) | ' | ' | ' | ' | ' | ' | ' | ' | $12 | ' |
Parent [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon follow-on offering, net of issuance costs (in shares) | 1,897,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon initial public offering, net of offering costs (in shares) | ' | ' | 10,350,000 | ' | ' | ' | ' | ' | ' | ' |
Stock issued under underwriters exercise of over allotment option (shares) | 247,500 | ' | 1,350,000 | ' | ' | ' | ' | ' | ' | ' |
Founder [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon initial public offering, net of offering costs (in shares) | ' | ' | 3,047,500 | ' | ' | ' | ' | ' | ' | ' |
Stock issued under underwriters exercise of over allotment option (shares) | ' | ' | 397,500 | ' | ' | ' | ' | ' | ' | ' |
Investor [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock upon follow-on offering, net of issuance costs (in shares) | 14,202,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock issued under underwriters exercise of over allotment option (shares) | 1,852,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion of preferred stock to common stock upon initial public offering (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 83,703,016 | ' |
Issuance of common stock upon follow-on offering, net of issuance costs (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 1,897,500 | ' |
Issuance of common stock upon initial public offering, net of offering costs (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 10,350,000 | ' |
Net proceeds from (offering costs paid in connection with) follow-on offering | ' | ' | ' | ' | ' | ' | ' | $14,000 | ' | ' |
Repurchase and cancellation of common shares (shares) | ' | ' | ' | ' | ' | -12,084 | ' | ' | 184,164 | ' |
Common stock issued under employee stock plans (in shares) | ' | ' | ' | ' | ' | ' | ' | 13,986,905 | ' | ' |
Common stock issued under employee stock plans (in shares) | ' | ' | ' | ' | ' | 1,469,118 | ' | ' | 6,654,558 | 4,279,456 |
Stockholders_Equity_Outstandin
Stockholders' Equity - Outstanding and Reserved Shares of Common Stock for Future Issuance (Detail) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Common stock outstanding and reserved shares of common stock for future issuance | ' | ' | ' | |
Options outstanding | 23,399,374 | 36,115,460 | 39,601,640 | |
Total reserved shares of common stock for future issuance | 47,546,117 | ' | ' | |
2005 Stock Option Plan [Member] | ' | ' | ' | |
Common stock outstanding and reserved shares of common stock for future issuance | ' | ' | ' | |
Total reserved shares of common stock for future issuance | 0 | [1] | ' | ' |
2012 Equity Incentive Plan [Member] | ' | ' | ' | |
Common stock outstanding and reserved shares of common stock for future issuance | ' | ' | ' | |
Total reserved shares of common stock for future issuance | 13,169,316 | [1] | ' | ' |
2012 Employee Stock Purchase Plan [Member] | ' | ' | ' | |
Common stock outstanding and reserved shares of common stock for future issuance | ' | ' | ' | |
Total reserved shares of common stock for future issuance | 5,549,918 | [1] | ' | ' |
Stock Options [Member] | ' | ' | ' | |
Common stock outstanding and reserved shares of common stock for future issuance | ' | ' | ' | |
Options outstanding | 23,399,374 | ' | ' | |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | |
Common stock outstanding and reserved shares of common stock for future issuance | ' | ' | ' | |
RSUs | 5,427,509 | 1,457,870 | 0 | |
[1] | )Refer to Note 12 for a description of these plan |
Stock_Awards_Additional_Inform
Stock Awards - Additional Information (Detail) (USD $) | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | Jun. 30, 2010 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | |
Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | 2005 Stock Option Plan [Member] | 2012 Equity Incentive Plan [Member] | 2012 Equity Incentive Plan [Member] | 2012 Employee Stock Purchase Plan [Member] | 2012 Employee Stock Purchase Plan [Member] | 2005 Stock Plan and 2012 Plan [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Shares, Vested | ' | ' | ' | ' | ' | ' | 0 | 0 | 322,623 | 0 | 0 | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | $2,400,000 | ' | $446,054,000 | $84,215,000 | $7,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares of common stock, authorized (shares) | ' | ' | 600,000,000 | 600,000,000 | ' | ' | ' | ' | ' | ' | ' | 53,731,033 | ' | 21,767,792 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,017,730 | ' | 1,403,546 | ' | ' |
Number of shares of common stock outstanding, increase, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | 1.00% | ' |
Shares of common stock reserved for issuance | ' | ' | 47,546,117 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,263,677 | ' |
Stock options granted to new employees vest, percentage per annum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% |
Requisite service period to vest employment continuation period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years |
Compensation expense recognized, vesting term | ' | ' | '48 months | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options vesting period | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Options granted, exercisable period | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation expense | 5,637,000 | 1,121,000 | 65,581,000 | 27,937,000 | 2,954,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average grant date fair value of options granted (usd per share) | $7.68 | ' | $18.70 | ' | $2.52 | $1.16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of vested shares | 19,200,000 | ' | 33,100,000 | ' | 2,600,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total unrecognized compensation cost, adjusted for estimated forfeitures, related to unvested stock options | ' | ' | 75,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average remaining vesting period for unvested stock options | ' | ' | '2 years 7 months 13 days | ' | ' | ' | ' | ' | '3 years 6 months 4 days | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized compensation expense expected to be recognized | ' | ' | ' | ' | ' | ' | ' | ' | $145,700,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price of common stock, percent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85.00% | ' |
ShareBasedCompensationArrangementByShareBasedPaymentAwardPurchaseOfferingPeriod | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 months | ' |
Stock_Awards_Summary_of_stock_
Stock Awards - Summary of stock option activity (Detail) (USD $) | 6 Months Ended | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 |
Summary of stock option activity | ' | ' | ' | ' |
Number of Shares, Outstanding, Beginning Balance | ' | 36,115,460 | 39,601,640 | ' |
Number of Shares, Granted | ' | 2,339,523 | 7,695,730 | ' |
Number of Shares, Exercised | ' | -12,951,123 | -6,654,558 | ' |
Number of Shares, Forfeited | ' | -2,104,486 | -4,527,352 | ' |
Number of Shares, Outstanding, Ending Balance | 39,601,640 | 23,399,374 | 36,115,460 | ' |
Number of Shares, Vested and expected to vest | ' | 22,304,397 | ' | ' |
Number of Shares, Vested and exercisable | ' | 9,333,628 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ' | ' | ' | ' |
Weighted-Average Exercise Price, Outstanding, Beginning Balance, usd per share | ' | $5.05 | $2.20 | ' |
Weighted-Average Exercise Price, Granted, usd per share | ' | $38.07 | $15.03 | ' |
Weighted-Average Exercise Price, Exercised, usd per share | ' | $3.34 | $0.76 | ' |
Weighted-Average Exercise Price, Forfeited, usd per share | ' | $7.66 | $3.35 | ' |
Weighted-Average Exercise Price, Outstanding, Ending Balance, usd per share | $2.20 | $9.07 | $5.05 | ' |
Weighted-Average Exercise Price, Vested and expected to vest, usd per share | ' | $8.71 | ' | ' |
Weighted-Average Exercise Price, Vested and exercisable, usd per share | ' | $4.43 | ' | ' |
Weighted-Average Remaining Contractual Life | ' | '7 years 8 months 12 days | ' | ' |
Weighted-Average Remaining Contractual Term, Vested and expected to vest | ' | '7 years 8 months 23 days | ' | ' |
Weighted-Average Remaining Contractual Term, Vested and exercisable | ' | '7 years 3 months 19 days | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | $2,400 | $446,054 | $84,215 | $7,500 |
Aggregate Intrinsic Value, Outstanding | ' | 1,097,746 | ' | ' |
Aggregate Intrinsic Value, Vested and expected to vest | ' | 1,054,997 | ' | ' |
Aggregate Intrinsic Value, Vested and exercisable | ' | $481,448 | ' | ' |
Stock_Awards_Stock_Awards_Rest
Stock Awards Stock Awards - Restricted Stock Unit Table (Details) (Restricted Stock Units (RSUs) [Member], USD $) | 6 Months Ended | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' | ' |
Shares Outstanding | ' | ' | ' | ' | ' |
Non-vested shares units beginning balance | ' | ' | 1,457,870 | 0 | ' |
Granted | ' | ' | 4,558,929 | 1,470,072 | ' |
Number of Shares, Vested | 0 | 0 | 322,623 | 0 | 0 |
Forfeited | ' | ' | -266,667 | -12,202 | ' |
Non-vested shares units ending balance | 0 | ' | 5,427,509 | 1,457,870 | ' |
Expected to vest | ' | ' | 5,018,553 | ' | ' |
Weighted-Average Grant Date Fair Value | ' | ' | ' | ' | ' |
Weighted-Average Grant Date Fair Value, Outstanding, Beginning Balance, usd per share | ' | ' | $16.89 | $0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | ' | ' | $38.15 | $17.02 | ' |
Weighted-Average Grant Date Fair Value, Vested, usd per share | ' | ' | $15.15 | $0 | ' |
Weighted-Average Grant Date Fair Value, Repurchased, usd per share | ' | ' | $30.65 | $31.97 | ' |
Weighted-Average Grant Date Fair Value, Outstanding, Ending Balance, usd per share | $0 | ' | $34.02 | $16.89 | ' |
Aggregate Intrinsic Value, vested | ' | ' | $13,510,000 | $0 | ' |
Aggregate Intrinsic Value, Non-vested | ' | ' | $303,995 | ' | ' |
Aggregated Intrinsic Value, Expected to vest | ' | ' | $281,089 | ' | ' |
StockBased_Compensation_Estima
Stock-Based Compensation - Estimates Weighted-average Fair Value Per Share of Options Granted (Detail) | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |
Share Based Compensation [Line Items] | ' | ' | ' | ' | ' |
Expected volatility, minimum | 56.00% | 57.00% | 50.00% | 53.00% | 50.00% |
Expected volatility, maximum | 69.00% | 67.00% | 52.00% | 57.00% | 69.00% |
Expected term | '5 years 9 months | '6 years 15 days | '6 years 7 days | '6 years 18 days | '6 years 18 days |
Risk-free interest rate, minimum | 0.00% | 1.43% | 0.91% | 0.83% | 1.43% |
Risk-free interest rate, maximum | 1.92% | 2.06% | 2.05% | 1.18% | 2.96% |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Employee Stock Purchase Plan [Member] | ' | ' | ' | ' | ' |
Share Based Compensation [Line Items] | ' | ' | ' | ' | ' |
Expected volatility, minimum | ' | ' | 35.00% | 42.00% | ' |
Expected volatility, maximum | ' | ' | 42.00% | 42.00% | ' |
Expected volatility | ' | ' | ' | 42.00% | ' |
Expected term | ' | ' | '6 months | '6 months 29 days | ' |
Risk-free interest rate, minimum | ' | ' | 0.08% | 0.16% | ' |
Risk-free interest rate | ' | ' | ' | 0.16% | ' |
Risk-free interest rate, maximum | ' | ' | 0.16% | 0.16% | ' |
Dividend yield | ' | ' | 0.00% | 0.00% | ' |
Net_Income_Loss_Per_Share_Attr2
Net Income (Loss) Per Share Attributable to Common Stockholders - Calculation of Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders (Detail) (USD $) | 6 Months Ended | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 |
Numerator: | ' | ' | ' | ' | ' |
Net income (loss) | ($6,684) | $4,803 | ($73,708) | ($37,348) | $9,830 |
Accretion of redeemable convertible preferred stock | -312 | -320 | 0 | -308 | -633 |
Net income attributable to participating securities | 0 | -3,721 | 0 | 0 | -7,558 |
Net income (loss) attributable to common stockholders - basic | -6,996 | 762 | -73,708 | -37,656 | 1,639 |
Undistributed earnings reallocated to participating securities | 0 | 349 | 0 | 0 | 671 |
Net income (loss) attributable to common stockholders - diluted | ($6,996) | $1,111 | ($73,708) | ($37,656) | $2,310 |
Denominator: | ' | ' | ' | ' | ' |
Weighted-average shares outstanding - Basic, shares | 21,104,219 | 17,156,445 | 135,415,809 | 73,908,631 | 18,163,977 |
Effect of potentially dilutive securities: | ' | ' | ' | ' | ' |
Common stock options, shares | 0 | 10,465,912 | 0 | 0 | 9,931,509 |
Weighted-average shares outstanding - Diluted, shares | 21,104,219 | 27,622,357 | 135,415,809 | 73,908,631 | 28,095,486 |
Net income (loss) per share attributable to common stockholders: | ' | ' | ' | ' | ' |
Earnings Per Share, Basic (usd per share) | ($0.33) | $0.04 | ($0.54) | ($0.51) | $0.09 |
Earnings Per Share, Diluted (usd per share) | ($0.33) | $0.04 | ($0.54) | ($0.51) | $0.08 |
Net_Income_Loss_Per_Share_Attr3
Net Income (Loss) Per Share Attributable to Common Stockholders - Summary of Potentially Dilutive Securities (Detail) | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' |
Total potentially dilutive securities | 123,883,272 | 91,593,860 | 44,710,526 | 38,244,341 | 91,421,757 |
Common stock options [Member] | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' |
Total potentially dilutive securities | 39,601,640 | 7,890,844 | 23,399,374 | 36,115,460 | 7,635,190 |
Convertible Preferred Stock [Member] | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' |
Total potentially dilutive securities | 83,703,016 | 83,703,016 | 0 | 0 | 83,703,016 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' |
Total potentially dilutive securities | 0 | 0 | 5,427,509 | 1,457,870 | 0 |
Common stock subject to repurchase [Member] | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' |
Total potentially dilutive securities | 578,616 | 0 | 91,504 | 235,066 | 83,551 |
Convertible Notes Payable [Member] | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' |
Total potentially dilutive securities | 0 | 0 | 7,783,023 | 0 | 0 |
Warrant [Member] | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' |
Total potentially dilutive securities | 0 | 0 | 7,783,023 | 0 | 0 |
Income_Taxes_Components_of_Pro
Income Taxes - Components of Provision for Income Taxes (Detail) (USD $) | 6 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 |
Current provision: | ' | ' | ' | ' | ' |
Federal | $325 | $111 | $2 | $187 | $62 |
State | 396 | 449 | 287 | 200 | 988 |
Foreign | 329 | 93 | 2,454 | 1,787 | 286 |
Total Current provision | 1,050 | 653 | 2,743 | 2,174 | 1,336 |
Deferred provision: | ' | ' | ' | ' | ' |
Federal | 22 | 0 | 0 | -55 | 0 |
State | 3 | 0 | 0 | -5 | 0 |
Foreign | 0 | 0 | -232 | -746 | 0 |
Total Deferred provision | 25 | 0 | -232 | -806 | 0 |
Provision for income taxes | $1,075 | $653 | $2,511 | $1,368 | $1,336 |
Income_Taxes_Components_of_Inc
Income Taxes - Components of Income (Loss) From Continuing Operations Before Income Taxes (Detail) (USD $) | 6 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' |
United States | ($1,375) | $5,368 | ($35,901) | ($7,903) | $10,585 |
Foreign | -4,234 | 88 | -35,296 | -28,077 | 581 |
Income (loss) before provision for income taxes | ($5,609) | $5,456 | ($71,197) | ($35,980) | $11,166 |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of Federal Income Tax Rate (Detail) (USD $) | 6 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |||||
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | |||||
Tax computed at the federal statutory rate | ($1,907) | $1,857 | ($24,207) | ($12,234) | $3,799 | |||||
State taxes, net of federal benefit | 82 | 122 | 148 | 329 | 250 | |||||
Tax rate differential for international subsidiaries | 1,589 | [1] | -23 | [1] | 14,542 | [1] | 10,743 | [1] | -47 | [1] |
Stock-based compensation | 978 | 244 | 3,447 | 3,926 | 727 | |||||
Tax credits | -378 | -150 | -12,529 | -1,056 | -409 | |||||
Tax contingencies | 178 | 74 | 76 | 452 | 171 | |||||
Permanent differences | 244 | 120 | 550 | 532 | 305 | |||||
Change in state rate | 8 | 295 | 14 | -68 | 662 | |||||
Other | 146 | 379 | 242 | -697 | 344 | |||||
Valuation allowance | 135 | -2,265 | 20,228 | -559 | -4,466 | |||||
Provision for income taxes | $1,075 | $653 | $2,511 | $1,368 | $1,336 | |||||
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Income_Taxes_Reconciliation_of1
Income Taxes - Reconciliation of Deferred Tax Assets and Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Net operating loss carryforwards | $4,306 | $2,647 |
Deferred revenue | 3,739 | 2,421 |
Accrued expenses | 2,549 | 1,357 |
Deferred rent | 1,119 | 322 |
Credit carryforwards | 14,871 | 2,342 |
Facility exit obligation | 698 | 1,102 |
Stock-based compensation | 15,464 | 7,474 |
Note Hedge and other | 48,241 | 0 |
Other | 1,448 | 1,367 |
Total deferred tax assets | 92,435 | 19,032 |
Less valuation allowance | -25,795 | -13,270 |
Deferred tax assets net | 66,640 | 5,762 |
Deferred tax liabilities: | ' | ' |
Depreciation | -9,608 | -5,016 |
Deferred Tax Liabilities, Financing Arrangements | -54,817 | 0 |
Deferred Tax Liabilities, Goodwill and Intangible Assets | -1,239 | 0 |
Net deferred tax assets | $976 | $746 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 6 Months Ended | 12 Months Ended | ||||
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | Jun. 30, 2010 | |
Income Taxes [Line Items] | ' | ' | ' | ' | ' | ' |
Net operating losses, Federal | ' | ' | $364,900,000 | ' | ' | ' |
Tax credit carryforwards | ' | ' | 14,871,000 | 2,342,000 | ' | ' |
Net operating losses, State | ' | ' | 192,600,000 | ' | ' | ' |
Deferred tax assets, gross | ' | ' | 92,435,000 | 19,032,000 | ' | ' |
Valuation allowance comparison | -100,000 | -2,200,000 | -12,500,000 | 600,000 | 4,500,000 | ' |
Undistributed earnings of foreign corporations not included in consolidated federal income tax returns | ' | ' | 500,000 | 300,000 | ' | ' |
Total unrecognized tax benefit | 710,000 | 447,000 | 4,810,000 | 1,725,000 | 519,000 | 374,000 |
Unrecognized tax benefits that would impact effective tax rate | ' | ' | 900,000 | ' | ' | ' |
Unrecognized tax benefits, income tax penalties accrued | ' | ' | 400,000 | ' | ' | ' |
Federal [Member] | ' | ' | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' | ' | ' |
Tax credit carryforwards | ' | ' | 10,700,000 | ' | ' | ' |
Net operating losses, Expiration | ' | ' | 31-Dec-24 | ' | ' | ' |
Net operating losses related to stock based compensation | ' | ' | 356,900,000 | ' | ' | ' |
State [Member] | ' | ' | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' | ' | ' |
Tax credit carryforwards | ' | ' | 7,300,000 | ' | ' | ' |
Net operating losses, Expiration | ' | ' | 31-Dec-18 | ' | ' | ' |
Net operating losses related to stock based compensation | ' | ' | 164,800,000 | ' | ' | ' |
Foreign Tax Authority [Member] | ' | ' | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred tax assets, gross | ' | ' | $1,000,000 | ' | ' | ' |
Income_Taxes_Reconciliation_of2
Income Taxes - Reconciliation of Beginning and Ending Balance of Total Unrecognized Tax Benefits (Detail) (USD $) | 6 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 |
Reconciliation of beginning and ending balance of total unrecognized tax benefits | ' | ' | ' | ' | ' |
Beginning balance | $519 | $374 | $1,725 | $710 | $374 |
Gross increases - tax positions in prior year | 0 | 0 | 333 | 827 | 0 |
Gross decreases - tax positions in prior period | 0 | 0 | -14 | -65 | 0 |
Gross increases - tax positions in current period | 191 | 73 | 2,784 | 264 | 145 |
Lapse of statue of limitations | 0 | 0 | -18 | -11 | 0 |
Ending balance | $710 | $447 | $4,810 | $1,725 | $519 |
Related_Party_Transactions_Add
Related Party Transactions - Additional Information (Detail) (USD $) | 1 Months Ended | 6 Months Ended | 12 Months Ended | ||||
In Millions, unless otherwise specified | Apr. 30, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | Jun. 30, 2010 |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Offsetting liability withholding taxes plus potential interest and penalties | ' | ' | ' | ' | ' | ' | $5.30 |
Prepaid expenses and other current assets representing withholding taxes | ' | ' | ' | ' | ' | ' | 5.3 |
Payment of withholding taxes receivable included in prepaid and expenses and other assets | $5.30 | $0 | $0 | $0 | $5.30 | $0 | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies - Additional Information (Detail) (USD $) | 6 Months Ended | 12 Months Ended | 1 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Nov. 08, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Jun. 30, 2011 | Jun. 30, 2010 |
San Diego Office Lease [Member] | Amsterdam Office Lease [Member] | Amsterdam Office Lease [Member] | San Jose Office Lease [Member] | Cost Of Revenues [Member] | Cost Of Revenues [Member] | Cost Of Revenues [Member] | Cost Of Revenues [Member] | Cost Of Revenues [Member] | ||||||
sqft | sqft | sqft | sqft | |||||||||||
Operating Leased Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rent expense | $1.20 | $0.50 | $8.10 | $4.50 | $2.30 | ' | ' | ' | ' | $13.30 | $3.70 | $9.50 | $2.10 | $4.80 |
Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals | ' | ' | 3.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Leases, Rent Expense | ' | ' | ' | ' | ' | 0 | 10.5 | ' | 48.8 | ' | ' | ' | ' | ' |
Area of building under lease | ' | ' | ' | ' | ' | 155,443 | ' | 43,590 | 148,704 | ' | ' | ' | ' | ' |
Lease Abandonment Costs | ' | ' | ' | 2.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Facility Exit Obligation | ' | ' | $1.40 | $2.30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Office space leased area for first year | ' | ' | ' | ' | ' | ' | 17,857 | ' | ' | ' | ' | ' | ' | ' |
Operating lease period | ' | ' | ' | ' | ' | ' | '10 years 6 months | ' | '11 years | ' | ' | ' | ' | ' |
Commitments_and_Contingencies_2
Commitments and Contingencies - Annual Future Minimum Payments Under Operating Leases / Facility Exit Obligation (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Annual future minimum payments under these operating leases | ' |
2013 | $20,111 |
2014 | 20,618 |
2015 | 17,053 |
2016 | 15,424 |
2017 | 14,412 |
Thereafter | 51,950 |
Total minimum lease payments | 139,568 |
Data Centers [Member] | ' |
Annual future minimum payments under these operating leases | ' |
2013 | 9,797 |
2014 | 6,989 |
2015 | 2,831 |
2016 | 670 |
2017 | 636 |
Thereafter | 680 |
Total minimum lease payments | 21,603 |
Leasehold Improvements [Member] | ' |
Annual future minimum payments under these operating leases | ' |
2013 | 10,314 |
2014 | 13,629 |
2015 | 14,222 |
2016 | 14,754 |
2017 | 13,776 |
Thereafter | 51,270 |
Total minimum lease payments | $117,965 |
Information_about_Geographic_A2
Information about Geographic Areas - Revenues by Geographic Area, Based on Billing Location of Customer (Detail) (USD $) | 6 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | |||||
Percentage of North America Revenues | 92.00% | 97.00% | 94.00% | 94.00% | 96.00% | |||||
Revenues by geography | ' | ' | ' | ' | ' | |||||
Revenues | $73,375 | $37,944 | $424,650 | $243,712 | $92,641 | |||||
North America | ' | ' | ' | ' | ' | |||||
Revenues by geography | ' | ' | ' | ' | ' | |||||
Revenues | 51,901 | [1] | 27,919 | [1] | 295,400 | [1] | 173,001 | [1] | 69,333 | [1] |
EMEA | ' | ' | ' | ' | ' | |||||
Revenues by geography | ' | ' | ' | ' | ' | |||||
Revenues | 18,842 | [2] | 8,693 | [2] | 105,177 | [2] | 60,579 | [2] | 20,093 | [2] |
Asia Pacific and other | ' | ' | ' | ' | ' | |||||
Revenues by geography | ' | ' | ' | ' | ' | |||||
Revenues | $2,632 | $1,332 | $24,073 | $10,132 | $3,215 | |||||
[1] | Revenues attributed to the United States were approximately 94% of North America revenues for each of the years ended December 31, 2013 and 2012, 92% and 97% for the six months ended December 31, 2011 and 2010 (unaudited), respectively, and 96% for fiscal 2011. | |||||||||
[2] | Europe, the Middle East and Africa, or EMEA |
Information_about_Geographic_A3
Information about Geographic Areas - Long-lived Assets by Geographic Area (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Segment Reporting Information [Line Items] | ' | ' | ||
Long-lived assets | $75,560 | $42,342 | ||
North America | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ||
Long-lived assets | 52,937 | 30,209 | ||
EMEA | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ||
Long-lived assets | 18,017 | [1] | 10,513 | [1] |
Asia Pacific and other | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ||
Long-lived assets | $4,606 | $1,620 | ||
[1] | Europe, the Middle East and Africa, or EMEA |