Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Jul. 15, 2015 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | ZNGA | |
Entity Registrant Name | Zynga Inc. | |
Entity Central Index Key | 1,439,404 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Common Class A [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 789,734,170 | |
Common Class B [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 114,013,905 | |
Common Class C [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 20,517,472 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Current assets: | ||
Cash and cash equivalents | $ 475,428 | $ 131,303 |
Marketable securities | 583,387 | 785,221 |
Accounts receivable, net of allowance of $0 at June 30, 2015 and December 31, 2014 | 82,754 | 89,611 |
Income tax receivable | 4,833 | 3,304 |
Deferred tax assets | 948 | 2,765 |
Restricted cash | 207 | 48,047 |
Other current assets | 28,472 | 22,688 |
Total current assets | 1,176,029 | 1,082,939 |
Long-term marketable securities | 40,108 | 231,385 |
Goodwill | 657,131 | 650,778 |
Other intangible assets, net | 53,451 | 66,861 |
Property and equipment, net | 283,946 | 297,919 |
Other long-term assets | 17,976 | 18,911 |
Total assets | 2,228,641 | 2,348,793 |
Current liabilities: | ||
Accounts payable | 27,727 | 14,965 |
Other current liabilities | 69,402 | 164,150 |
Deferred revenue | 151,550 | 189,923 |
Total current liabilities | 248,679 | 369,038 |
Deferred revenue | 915 | 3,882 |
Deferred tax liabilities | 7,297 | 5,323 |
Other non-current liabilities | 70,581 | 74,858 |
Total liabilities | 327,472 | 453,101 |
Stockholders' equity: | ||
Common stock, $0.00000625 par value, and additional paid in capital - authorized shares: 2,020,517 shares outstanding: 924,106 shares (Class A, 789,556, Class B, 114,033, Class C, 20,517) as of June 30, 2015 and 905,860 (Class A, 770,658, Class B, 114,685, Class C, 20,517) as of December 31, 2014 | 3,173,560 | 3,096,982 |
Accumulated other comprehensive income (loss) | (24,685) | (29,175) |
Accumulated deficit | (1,247,706) | (1,172,115) |
Total stockholders' equity | 1,901,169 | 1,895,692 |
Total liabilities and stockholders' equity | $ 2,228,641 | $ 2,348,793 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Accounts receivable, allowance | $ 0 | $ 0 |
Common stock, par value | $ 0.00000625 | $ 0.00000625 |
Common stock, shares authorized | 2,020,517 | 2,020,517 |
Common stock, shares outstanding | 924,106 | 905,860 |
Common Class A [Member] | ||
Common stock, shares outstanding | 789,556 | 770,658 |
Common Class B [Member] | ||
Common stock, shares outstanding | 114,033 | 114,685 |
Common Class C [Member] | ||
Common stock, shares outstanding | 20,517 | 20,517 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Revenue: | ||||
Online game | $ 162,161 | $ 130,966 | $ 310,124 | $ 263,236 |
Advertising and other | 37,757 | 22,266 | 73,087 | 58,016 |
Total revenue | 199,918 | 153,232 | 383,211 | 321,252 |
Costs and expenses: | ||||
Cost of revenue | 57,779 | 51,288 | 115,401 | 104,792 |
Research and development | 90,896 | 93,722 | 198,416 | 191,306 |
Sales and marketing | 41,119 | 41,608 | 72,958 | 71,461 |
General and administrative | 37,805 | 32,831 | 78,186 | 90,167 |
Total costs and expenses | 227,599 | 219,449 | 464,961 | 457,726 |
Income (loss) from operations | (27,681) | (66,217) | (81,750) | (136,474) |
Interest income (expense), net | 605 | 776 | 1,399 | 1,646 |
Other income (expense), net | 1,199 | 896 | 9,558 | 2,021 |
Income (loss) before income taxes | (25,877) | (64,545) | (70,793) | (132,807) |
Provision for (benefit from) income taxes | 991 | (2,012) | 2,571 | (9,091) |
Net income (loss) | $ (26,868) | $ (62,533) | $ (73,364) | $ (123,716) |
Net income (loss) per share: | ||||
Basic | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
Diluted | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
Weighted average common shares used to compute net income (loss) per share: | ||||
Basic | 911,699 | 872,784 | 905,058 | 861,591 |
Diluted | 911,699 | 872,784 | 905,058 | 861,591 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Statement of Partners' Capital [Abstract] | ||||
Net income (loss) | $ (26,868) | $ (62,533) | $ (73,364) | $ (123,716) |
Other comprehensive income (loss): | ||||
Change in foreign currency translation adjustment | 26,725 | 13,060 | 4,112 | 18,313 |
Net change on unrealized gains (losses) on available-for-sale investments, net of tax | (60) | (10) | 378 | (137) |
Other comprehensive income (loss) | 26,665 | 13,050 | 4,490 | 18,176 |
Comprehensive income (loss) | $ (203) | $ (49,483) | $ (68,874) | $ (105,540) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Operating activities: | ||
Net income (loss) | $ (73,364) | $ (123,716) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 31,062 | 45,270 |
Stock-based expense | 69,367 | 57,173 |
(Gain) loss from sales of investments, assets and other, net | (5,650) | 1,278 |
Accretion and amortization on marketable securities | 3,884 | 5,398 |
Deferred income taxes | 1,241 | (9,075) |
Changes in operating assets and liabilities: | ||
Accounts receivable, net | 6,857 | (10,883) |
Income tax receivable | (1,529) | (1,278) |
Other assets | (8,792) | (7,892) |
Accounts payable | 12,762 | 1,584 |
Deferred revenue | (41,340) | 14,961 |
Other liabilities | (37,298) | 20,740 |
Net cash provided by (used in) operating activities | (42,800) | (6,440) |
Investing activities: | ||
Purchases of marketable securities | (101,091) | (470,174) |
Sales and maturities of marketable securities | 490,667 | 526,420 |
Acquisition of property and equipment | (5,239) | (4,649) |
Business acquisition, net of cash acquired | (390,993) | |
Proceeds from sale of property and equipment | 5,056 | |
Proceeds from sale of equity method investment | 10,507 | |
Other investing activities, net | 700 | |
Net cash provided by (used in) investing activities | 394,844 | (333,640) |
Financing activities: | ||
Taxes paid related to net share settlement of equity awards | (1,413) | (753) |
Proceeds from employee stock purchase plan and exercise of stock options | 4,335 | 10,923 |
Acquisition related contingent consideration payment | (10,790) | |
Net cash provided by (used in) financing activities | (7,868) | 10,170 |
Effect of exchange rate changes on cash and cash equivalents | (51) | 15 |
Net increase (decrease) in cash and cash equivalents | 344,125 | (329,895) |
Cash and cash equivalents, beginning of period | 131,303 | 465,523 |
Cash and cash equivalents, end of period | $ 475,428 | $ 135,628 |
Overview and Summary of Signifi
Overview and Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Overview and Summary of Significant Accounting Policies | 1. Overview and Summary of Significant Accounting Policies Organization and Description of Business Zynga Inc. (“Zynga,” “we” or “the Company”) develops, markets, and operates online social games as live services played over the Internet and on social networking sites and mobile platforms. We generate revenue through the in-game sale of virtual goods and through advertising. Our operations are headquartered in San Francisco, California, and we have several operating locations in the U.S., as well as various international office locations in Canada, Asia and Europe. We completed our initial public offering in December 2011 and our Class A common stock is listed on the NASDAQ Global Select Market under the symbol “ZNGA.” Basis of Presentation and Consolidation The accompanying consolidated financial statements are presented in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements include the operations of us and our wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in the consolidation. The accompanying interim consolidated financial statements and these related notes should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2014. Unaudited Interim Financial Information The accompanying interim consolidated balance sheet as of June 30, 2015, the interim consolidated statements of operations, the interim consolidated statements of comprehensive income (loss) for the three and six months ended June 30, 2015 and 2014, the interim consolidated statements of cash flows for the six months ended June 30, 2015 and 2014 and the related footnote disclosures are unaudited. These unaudited consolidated interim financial statements have been prepared in accordance with U.S. GAAP. In management’s opinion, the unaudited consolidated interim financial statements have been prepared on the same basis as the audited consolidated financial statements and include all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s statement of financial position and operating results for the periods presented. The results for the three and six months ended June 30, 2015 are not necessarily indicative of the results expected for the full fiscal year or any other future period. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and notes thereto. Significant estimates and assumptions reflected in the financial statements include, but are not limited to, the estimated lives of virtual goods that we use for revenue recognition, useful lives of property and equipment and intangible assets, accrued liabilities, income taxes, accounting for business combinations, stock-based expense and evaluation of goodwill, intangible assets, and long-lived assets for impairment. Actual results could differ materially from those estimates. Changes in our estimated average life of durable virtual goods during the three and six months ended June 30, 2015 for various games resulted in an increase in revenue and income from continuing operations of $6.1 million and $6.8 million, respectively, which is the result of adjusting the remaining recognition period of deferred revenue generated in prior periods at the time of a change in estimate. We also recorded $6.8 million and $9.9 million of revenue and income from continuing operations in the three and six months, respectively, ended June 30, 2015 due to changes in our estimated average life of durable goods for games that have been discontinued as there is no further service obligation after the closure of these games. These changes in estimates and discontinuance of games resulted in a $0.01 per share and $0.02 per share impact on our reported earnings per share for the three and six months ended June 30, 2015, respectively. Accounting Policy Updates In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “ Revenue from Contracts with Customers Revenue Recognition (Topic 605) |
Marketable Securities
Marketable Securities | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Marketable Securities | 2. Marketable Securities The following tables summarize our amortized cost, gross unrealized gains and losses and fair value of our available-for-sale investments in marketable securities (in thousands): June 30, 2015 Amortized Gross Gross Aggregate U.S. government and government agency debt securities $ 250,771 $ 83 $ (15 ) $ 250,839 Corporate debt securities 372,739 31 (114 ) 372,656 Total $ 623,510 $ 114 $ (129 ) $ 623,495 December 31, 2014 Amortized Gross Gross Aggregate U.S. government and government agency debt securities $ 405,049 $ 68 $ (135 ) $ 404,982 Corporate debt securities 611,950 39 (365 ) 611,624 Total $ 1,016,999 $ 107 $ (500 ) $ 1,016,606 For more detail on our method for determining the fair value of our assets, see Note 3 — “Fair Value Measurements” The estimated fair value of available-for-sale marketable securities, classified by their contractual maturities was as follows (in thousands): June 30, 2015 Due within one year $ 583,387 After one year through three years 40,108 Total $ 623,495 Changes in market interest rates and bond yields caused certain of our investments to fall below their cost basis, resulting in unrealized losses on marketable securities. As of June 30, 2015, we had unrealized losses of $0.1 million related to marketable securities that had a fair value of $271.6 million. As of December 31, 2014, we had unrealized losses of $0.5 million related to marketable securities that had a fair value of $621.5 million. None of these securities were in a material continuous unrealized loss position for more than 12 months. As of June 30, 2015 and December 31, 2014, we did not consider any of our marketable securities to be other-than-temporarily impaired. When evaluating our investments for other-than-temporary impairment, we review factors such as the length of time and extent to which fair value has been below its cost basis, the financial condition of the issuer, our ability and intent to hold the security to maturity and whether it is more likely than not that we will be required to sell the investment before recovery of its cost basis. |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 3. Fair Value Measurements Our financial instruments consist of cash equivalents, short-term and long-term marketable securities and accounts receivable. Accounts receivable, net is stated at its carrying value, which approximates fair value. Cash equivalents and short-term and long-term marketable securities, consisting of money market funds, U.S. government and government agency debt securities, municipal securities and corporate debt securities, are carried at fair value, which is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between knowledgeable and willing market participants. Our contingent consideration liability represents the estimated fair value of the additional consideration payable in connection with our acquisition of Spooky Cool Labs LLC (“Spooky Cool Labs”). The amount payable is contingent upon the achievement of certain performance milestones for each of Spooky Cool Labs’ fiscal years ended June 30, 2014 and June 30, 2015. In the first quarter of 2015, we executed an amended agreement with Spooky Cool Labs. Under the terms of the amended agreement, the maximum amount payable by us is $58.8 million, which includes $53.8 million of contingent consideration and $5.0 million related to bonuses. We recorded $9.4 million of expense within research and development in our consolidated statement of operations and paid $53.8 million in the first quarter of 2015 to fully settle the contingent consideration liability balance related to Spooky Cool Labs. The remaining $5.0 million for bonuses was paid on June 30, 2015. We initially estimated the acquisition date fair value of the contingent consideration payable using probability-weighted discounted cash flow models, and applied a discount rate that appropriately captured a market participant’s view of the risk associated with the obligations. The significant unobservable inputs used in the fair value measurement of the acquisition-related contingent consideration payable were forecasted future cash flows and the timing of those cash flows. Fair value is a market-based measurement that should be determined based on assumptions that knowledgeable and willing market participants would use in pricing an asset or liability. The valuation techniques used to measure the fair value of the Company’s debt instruments and all other financial instruments, all of which have counterparties with high credit ratings, were valued based on quoted market prices or model driven valuations using significant inputs derived from or corroborated by observable market data. We use a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Includes inputs, other than Level 1 inputs, that are directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs that are supported by little or no market activity. The composition of our financial instruments among the three Levels of the fair value hierarchy are as follows (in thousands): June 30, 2015 Level 1 Level 2 Level 3 Total Assets: Money market funds (1) $ 378,666 $ — $ — $ 378,666 U.S. government and government agency debt securities — 250,839 — 250,839 Corporate debt securities — 372,656 — 372,656 Total $ 378,666 $ 623,495 $ — $ 1,002,161 December 31, 2014 Level 1 Level 2 Level 3 Total Assets: Money market funds (1) $ 41,595 $ — $ — $ 41,595 U.S. government and government agency debt securities — 404,982 — 404,982 Corporate debt securities — 611,624 — 611,624 Total $ 41,595 $ 1,016,606 $ — $ 1,058,201 Liabilities: Contingent consideration $ — $ — $ 44,420 $ 44,420 (1) Includes amounts classified as cash and cash equivalents. |
Property and Equipment
Property and Equipment | 6 Months Ended |
Jun. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | 4. Property and Equipment Property and equipment consist of the following (in thousands): June 30, December 31, Computer equipment $ 121,053 $ 141,946 Software 31,707 31,778 Land 89,130 89,130 Building 195,307 194,574 Furniture and fixtures 10,704 10,616 Leasehold improvements 10,611 9,694 458,512 477,738 Less accumulated depreciation (174,566 ) (179,819 ) Total property and equipment, net $ 283,946 $ 297,919 |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 6 Months Ended |
Jun. 30, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | 5. Goodwill and Other Intangible Assets Changes in the carrying value of goodwill from December 31, 2014 to June 30, 2015 are as follows (in thousands): Goodwill – December 31, 2014 $ 650,778 Foreign currency translation adjustments (1) 3,695 Goodwill adjustments (2) 2,658 Goodwill – June 30, 2015 $ 657,131 (1) The increase is primarily related to translation gains on goodwill associated with the acquisition of NaturalMotion denominated in British pounds. (2) Includes the impact of adjustments to goodwill resulting from changes in net assets (liabilities) acquired (assumed) and other adjustments, pursuant to our business combinations policy. The details of our acquisition-related intangible assets as of June 30, 2015 are as follows (in thousands): June 30, 2015 Gross Carrying Accumulated Net Book Value Developed technology $ 152,050 $ (107,463 ) $ 44,587 Trademarks, branding and domain names 16,292 (8,666 ) 7,626 Acquired lease intangibles 5,708 (4,470 ) 1,238 Total $ 174,050 $ (120,599 ) $ 53,451 The details of our acquisition-related intangible assets as of December 31, 2014 are as follows (in thousands): December 31, 2014 Gross Carrying Accumulated Net Book Value Developed technology $ 151,376 $ (94,560 ) $ 56,816 Trademarks, branding and domain names 16,292 (7,861 ) 8,431 Acquired lease intangibles 5,708 (4,094 ) 1,614 Total $ 173,376 $ (106,515 ) $ 66,861 These assets were, and continue to be, amortized on a straight-line basis. As of June 30, 2015, future amortization expense related to the intangible assets is expected to be recognized as shown below (in thousands): Year ending December 31: 2015 $ 13,381 2016 24,918 2017 6,128 2018 and thereafter 2,901 Total $ 47,328 |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 6. Income Taxes The expense from income taxes increased by $3.0 million and $11.7 million in the three and six months ended June 30, 2015, respectively, as compared to the same periods of the prior year. The increase in the three months ended June 30, 2015 was primarily attributable to an increase in foreign tax expense of $1.8 million related to a partial valuation allowance established against certain non-US net operating losses for which no future benefit is expected to be realized and an increase of $1.2 million related to changes in our jurisdictional mix of earnings. The increase in the six months ended June 30, 2015 was primarily attributable to an increase in foreign tax expense of $3.2 million related to a partial valuation allowance established against certain non-US net operating losses for which no future benefit is expected to be realized, an increase of $0.7 million related to changes in our jurisdictional mix of earnings, and an increase of $7.8 million related to the release of the valuation allowance associated with the 2013 Federal research and development credit in the first quarter of 2014. Once the Company is profitable, we expect our global effective tax rate to be less than the U.S. statutory income tax rate. |
Other Current Liabilities
Other Current Liabilities | 6 Months Ended |
Jun. 30, 2015 | |
Other Liabilities Disclosure [Abstract] | |
Other Current Liabilities | 7. Other Current Liabilities Other current liabilities consist of the following (in thousands): June 30, December 31, Accrued compensation liability 17,178 26,113 Accrued restructuring liability 7,971 7,214 Accrued accounts payable 24,048 17,542 Other current liabilities 20,205 20,955 Accrued escrow for acquisitions — 47,906 Contingent consideration liability — 44,420 Total other current liabilities $ 69,402 $ 164,150 Other current liabilities include various expenses that we accrue for transaction taxes, customer deposits and revenue sharing arrangements. |
Restructuring
Restructuring | 6 Months Ended |
Jun. 30, 2015 | |
Restructuring and Related Activities [Abstract] | |
Restructuring | 8. Restructuring During the six months ended June 30, 2015, we recorded a total restructuring charge of $16.3 million which was classified within our consolidated statement of operations as follows: Cost of Revenue $0.7 million, Research and Development $9.5 million, Sales and Marketing $0.7 million, and General and Administrative $5.4 million. Q2 2015 Restructuring Plan During the three months ended June 30, 2015, our board of directors authorized, and we implemented a restructuring plan that included a reduction in work force as part of the overall plan to reduce the Company’s long term cost structure. As a result of this restructuring, we recorded a charge of $12.3 million in the three and six months ended June 30, 2015, which is included in operating expenses in our consolidated statement of operations. The $12.3 million restructuring charge is comprised of $10.4 million of employee severance costs and $1.9 million related to lease and contract termination costs. This restructuring charge does not include the impact of $0.7 million of net stock-based expense reversals associated with the net effect of forfeitures from employee terminations. The remaining liability related to our Q2 2015 restructuring plan as of June 30, 2015 was $1.9 million and is expected to be paid out over the next 0.5 years. The following table presents the activity for the three and six months ended June 30, 2015 related to the Q2 2015 restructuring plan (in thousands): Three and Six Months Ended June 30, 2015 Restructuring liability - beginning of period $ — Restructuring expense and adjustments 12,282 Cash payments (10,422 ) Restructuring liability (Q2 2015 Plan) - end of period $ 1,860 Q1 2015 Restructuring Plan During the three months ended March 31, 2015, our board of directors authorized, and we implemented a restructuring plan that included a reduction in work force and closure of the Beijing, China office as part of the overall plan to reduce the Company’s long term cost structure. As a result of this restructuring, we recorded a charge of $3.8 million in the six months ended June 30, 2015, which is included in operating expenses in our consolidated statement of operations. The $3.8 million restructuring charge in the six months ended June 30, 2015 is comprised of $2.5 million of employee severance costs and $1.3 million related to lease and contract termination costs. This restructuring charge does not include the impact of $0.1 million of net stock-based expense reversals associated with the net effect of forfeitures from employee terminations. The following table presents the activity for the three months ended March 31, 2015 and the three and six months ended June 30, 2015 related to the Q1 2015 restructuring plan (in thousands): Three Months Ended Six Months Ended March 31, 2015 June 30, 2015 June 30, 2015 Restructuring liability - beginning of period $ — $ 330 $ — Restructuring expense and adjustments 3,241 542 3,783 Cash payments (2,911 ) (872 ) (3,783 ) Restructuring liability (Q1 2015 Plan) - end of period $ 330 $ — $ — Q1 2014 Restructuring Plan The following table presents the activity for the three months ended March 31, 2015 and the three and six months ended June 30, 2015 related to the Q1 2014 restructuring plan (in thousands): Three Months Ended Six Months Ended March 31, 2015 June 30, 2015 June 30, 2015 Restructuring liability - beginning of period $ 10,009 $ 8,082 $ 10,009 Restructuring expense and adjustments 189 30 219 Cash payments (2,116 ) (1,449 ) (3,565 ) Restructuring liability (Q1 2014 Plan) - end of period $ 8,082 $ 6,663 $ 6,663 The remaining liability of $6.7 million is expected to be paid out over the next 1.5 years. Other Plans The following table presents the activity for the three months ended March 31, 2015 and the three and six months ended June 30, 2015 related to all other remaining historical restructuring plans from prior years (in thousands): Three Months Ended Six Months Ended March 31, 2015 June 30, 2015 June 30, 2015 Restructuring liability - beginning of period $ 2,857 $ 1,957 $ 2,857 Restructuring expense and adjustments 31 — 31 Cash payments (931 ) (24 ) (955 ) Restructuring liability (2013 Plan) - end of period $ 1,957 $ 1,933 $ 1,933 The remaining liability of $1.9 million is expected to be paid out over the next 2.3 years. |
Stockholders' Equity
Stockholders' Equity | 6 Months Ended |
Jun. 30, 2015 | |
Equity [Abstract] | |
Stockholders' Equity | 9. Stockholders’ Equity We recorded stock-based expense related to grants of employee and consultant stock options, warrants, restricted stock and restricted stock units (“ZSUs”) in our consolidated statements of operations as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Cost of revenue $ 772 $ 1,002 $ 1,844 $ 2,281 Research and development 19,860 17,596 48,177 36,012 Sales and marketing 1,617 1,860 3,136 3,318 General and administrative 5,656 8,389 16,210 15,562 Total stock-based expense $ 27,905 $ 28,847 $ 69,367 $ 57,173 The following table shows stock option activity for the six months ended June 30, 2015 (in thousands, except weighted-average exercise price and weighted-average contractual term): Outstanding Options Stock Options Weighted- Aggregate Weighted- Balance as of December 31, 2014 39,460 $ 2.22 $ 47,347 6.74 Granted 305 2.99 Forfeited and cancelled (10,879 ) 3.38 Exercised (1,780 ) 0.62 Balance as of June 30, 2015 27,106 $ 1.87 $ 45,174 5.92 The following table shows a summary of ZSU activity for the six months ended June 30, 2015 (in thousands, except weighted-average grant date fair value): Outstanding ZSUs Shares Weighted- Aggregate Unvested as of December 31, 2014 69,883 $ 3.64 $ 185,889 Granted 32,502 2.80 Vested (15,467 ) 4.26 Forfeited and cancelled (16,975 ) 3.28 Unvested as of June 30, 2015 69,943 $ 3.20 $ 200,037 The following table shows a summary of changes in accumulated other comprehensive income by component for the three and six months ended June 30, 2015 (in thousands): Foreign Currency Unrealized Gains Total Balance as of March 31, 2015 $ (51,394 ) $ 44 $ (51,350 ) Other comprehensive income (loss) before reclassifications 26,725 (43 ) 26,682 Amounts reclassified from accumulated other comprehensive income — (17 ) (17 ) Net current-period other comprehensive income (loss) 26,725 (60 ) 26,665 Balance as of June 30, 2015 $ (24,669 ) $ (16 ) $ (24,685 ) Foreign Currency Unrealized Gains Total Balance as of December 31, 2014 $ (28,781 ) $ (394 ) $ (29,175 ) Other comprehensive income (loss) before reclassifications 4,112 410 4,522 Amounts reclassified from accumulated other comprehensive income — (32 ) (32 ) Net current-period other comprehensive income (loss) 4,112 378 4,490 Balance as of June 30, 2015 $ (24,669 ) $ (16 ) $ (24,685 ) |
Net Income (Loss) Per Share of
Net Income (Loss) Per Share of Common Stock | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Net Income (Loss) Per Share of Common Stock | 10. Net Income (Loss) Per Share of Common Stock Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. In computing diluted net income (loss) per share, net income (loss) is re-allocated to reflect the potential impact of dilutive securities, including stock options, warrants, unvested restricted stock and unvested ZSUs. Diluted net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding, including potential dilutive securities. For periods in which we have generated a net loss, we do not include stock options, warrants, unvested restricted stock and unvested ZSUs in our computation of diluted net income (loss) per share, as the impact of these awards is anti-dilutive. The net per share amounts are the same for Class A, Class B and Class C common stock because the holders of each class are legally entitled to equal per share distributions whether through dividend or distribution. Further, as we assume the conversion of Class B and Class C common shares into Class A common shares for the Class A diluted net income (loss) per share computation, the net income (loss) is equal to total net income (loss) for that computation. The following table sets forth the computation of basic and diluted net income (loss) per share of common stock (in thousands, except per share data): Three Months Ended June 30, 2015 2014 Class A Class B Class C Class A Class B Class C (unaudited) BASIC: Net income (loss) attributable to common stockholders $ (22,901 ) (3,362 ) (605 ) $ (52,332 ) $ (8,731 ) $ (1,470 ) Weighted-average common shares outstanding 777,099 114,083 20,517 730,411 121,856 20,517 Basic net income (loss) per share $ (0.03 ) $ (0.03 ) $ (0.03 ) $ (0.07 ) $ (0.07 ) $ (0.07 ) DILUTED: Net income (loss) attributable to common stockholders $ (22,901 ) (3,362 ) (605 ) $ (52,332 ) $ (8,731 ) $ (1,470 ) Reallocation of net income (loss) as a result of conversion of Class C shares to Class A shares (605 ) — — (1,470 ) — — Reallocation of net income (loss) as a result of conversion of Class B shares to Class A shares (3,362 ) — — (8,731 ) — — Net income (loss) attributable to common stockholders-diluted $ (26,868 ) $ (3,362 ) $ (605 ) $ (62,533 ) $ (8,731 ) $ (1,470 ) Weighted-average common shares outstanding-basic 777,099 114,083 20,517 730,411 121,856 20,517 Conversion of Class C to Class A common shares 20,517 — — 20,517 — — Conversion of Class B to Class A common shares 114,083 — — 121,856 — — Weighted-average common shares outstanding-diluted 911,699 114,083 20,517 872,784 121,856 20,517 Diluted net income (loss) per share $ (0.03 ) $ (0.03 ) $ (0.03 ) $ (0.07 ) $ (0.07 ) $ (0.07 ) Six Months Ended June 30, 2015 2014 Class A Class B Class C Class A Class B Class C (unaudited) BASIC: Net income (loss) attributable to common stockholders $ (62,450 ) $ (9,251 ) $ (1,663 ) $ (103,120 ) $ (17,650 ) $ (2,946 ) Weighted-average common shares outstanding 770,415 114,126 20,517 718,156 122,918 20,517 Basic net income per share $ (0.08 ) $ (0.08 ) $ (0.08 ) $ (0.14 ) $ (0.14 ) $ (0.14 ) DILUTED: Net income (loss) attributable to common stockholders $ (62,450 ) $ (9,251 ) $ (1,663 ) $ (103,120 ) $ (17,650 ) $ (2,946 ) Reallocation of net income (loss) as a result of conversion of Class C shares to Class A shares (1,663 ) — — (2,946 ) — — Reallocation of net income (loss) as a result of conversion of Class B shares to Class A shares (9,251 ) — — (17,650 ) — — Net income (loss) attributable to common stockholders-diluted $ (73,364 ) $ (9,251 ) $ (1,663 ) $ (123,716 ) $ (17,650 ) $ (2,946 ) Weighted-average common shares outstanding-basic 770,415 114,126 20,517 718,156 122,918 20,517 Conversion of Class C to Class A common shares outstanding 20,517 — — 20,517 — — Conversion of Class B to Class A common shares outstanding 114,126 — — 122,918 — — Number of shares used in diluted net income (loss) per share 905,058 114,126 20,517 861,591 122,918 20,517 Diluted net income (loss) per share $ (0.08 ) $ (0.08 ) $ (0.08 ) $ (0.14 ) $ (0.14 ) $ (0.14 ) The following weighted-average equity awards were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Stock options and employee stock purchase plan 28,912 44,982 33,498 43,513 Restricted shares 8,459 14,069 9,787 11,603 ZSUs 59,812 59,042 63,952 58,993 Total 97,183 118,093 107,237 114,109 |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 11. Commitments and Contingencies Lease Commitments We have entered into operating leases for facilities, including data center space. As of June 30, 2015, future minimum lease payments related to these leases are as follows (in thousands): Year ending December 31: 2015 $ 11,292 2016 23,575 2017 14,290 2018 13,150 2019 13,302 2020 and thereafter 21,919 $ 97,528 Other Purchase Commitments We have entered into several contracts for hosting of data systems and licensed intellectual property. Future minimum purchase commitments that have initial or remaining non-cancelable terms as of June 30, 2015, are as follows (in thousands): Year ending December 31: 2015 $ 5,131 2016 5,137 2017 2,850 2018 1,351 2019 270 $ 14,739 Credit Facility In June 2013, we amended our existing revolving credit agreement which we originally executed in July 2011, reducing our maximum available credit from $1.0 billion to $200 million, and extending the term through June 2018. Per the terms of our amended agreement, we paid additional up-front fees of $0.3 million to be amortized over the remaining extended term of the loan. The interest rate for the amended credit facility is determined based on a formula using certain market rates, as described in the amended credit agreement. Additionally, our minimum quarterly commitment fee was reduced from $0.6 million per quarter to $0.1 million per quarter based on the portion of the credit facility that is not drawn down. The agreement requires us to comply with certain covenants, including maintaining a minimum capitalization ratio, and maintaining a minimum cash balance. As of June 30, 2015, we had not drawn down any amounts under the credit facility and were in compliance with these covenants. Legal Matters On July 30, 2012, a purported securities class action captioned DeStefano v. Zynga Inc. et al., Case No. 3:12-cv-04007-JSW, was filed in the United States District Court for the Northern District of California against the Company, and certain of our current and former directors, officers, and executives. Additional purported securities class actions containing similar allegations were filed in the Northern District. On September 26, 2012, the court consolidated various of the class actions as In re Zynga Inc. Securities Litigation, Lead Case No. 12-cv-04007-JSW. On January 23, 2013, the court entered an order appointing a lead plaintiff and approving lead plaintiff’s selection of lead counsel. On April 3, 2013, the lead plaintiff and another named plaintiff filed a consolidated complaint. On February 25, 2014, the court granted the defendants’ motion to dismiss the consolidated complaint and provided plaintiffs leave to file an amended complaint. The lead plaintiff filed a First Amended Complaint on March 31, 2014. The First Amended Complaint alleges that the defendants violated the federal securities laws by issuing false or misleading statements regarding the Company’s business and financial projections. The plaintiffs seek to represent a class of persons who purchased or otherwise acquired the Company’s securities between February 14, 2012 and July 25, 2012. The First Amended Complaint asserts claims for unspecified damages, and an award of costs and expenses to the putative class, including attorneys’ fees. On March 25, 2015, the Court issued an order denying the defendants’ motion to dismiss the First Amended Complaint. On April 28, 2015, the Court denied the defendants’ motion for leave to seek reconsideration of that order. On June 12, 2015, the Court entered a scheduling order setting certain pretrial deadlines leading up to a hearing on any dispositive motions scheduled for May 12, 2017. On June 24, 2015, pursuant to a stipulation among the parties, the consolidated class actions were reassigned to Magistrate Judge Jacqueline Scott Corley for all further proceedings. On June 26, 2015, Magistrate Judge Corley issued an order scheduling a case management conference for August 20, 2015. Pursuant to court order, a mediation session was conducted before the Honorable Edward Infante (Ret.) on August 4, 2015. The parties reached an agreement in principle to settle In re Zynga Inc. Securities Litigation as to all defendants for $23.0 million. The settlement, which is subject to negotiation and execution of a final settlement document, notice to the class and court approval, would be funded entirely by insurance and lead to the dismissal of all claims against the defendants. Accordingly there would be no impact to Zynga’s financial statements if the final settlement is consistent with the current agreement. Given its preliminary nature, it remains possible that the settlement in principle could not result in a final settlement, and that the assessment of the possibility of loss or adverse effect on our financial condition, if any, could therefore change in the near term. In addition, a purported securities class action captioned Reyes v. Zynga Inc., et al. was filed on August 1, 2012, in San Francisco County Superior Court. The action was removed to federal court, and was later remanded to San Francisco County Superior Court. The complaint alleged that the defendants violated the federal securities laws by issuing false or misleading statements in connection with an April 2012 secondary offering of Class A common stock. The plaintiff sought to represent a class of persons who acquired the Company’s common stock pursuant or traceable to the secondary offering. On June 10, 2013, the defendants filed a motion to stay the action and a demurrer arguing that the complaint should be dismissed because the court lacks jurisdiction over the claims. On August 26, 2013, the court issued orders overruling the demurrer and granting the motion to stay all deadlines in the action pending a ruling on the motion to dismiss in the federal securities class action described above. On September 29, 2014, the court issued orders denying a motion to continue the stay of the action and overruling a demurrer arguing that the complaint failed to state a cause of action. On October 15, 2014, the defendants filed a petition in the California Court of Appeal seeking review of the denial of the motion to stay and of the trial court’s ruling that it had jurisdiction to hear the claims. On January 29, 2015, the Court of Appeal denied defendants’ petition. On February 11, 2015, the court granted plaintiff’s request for voluntary dismissal of the action with prejudice as to the named plaintiff’s claims and without prejudice as to the claims of any other members of the proposed class. On April 4, 2013, a purported class action captioned Lee v. Pincus, et al. was filed in the Court of Chancery of the State of Delaware against the Company, and certain of our current and former directors, officers, and executives. The complaint alleges that the defendants breached fiduciary duties in connection with the release of certain lock-up agreements entered into in connection with the Company’s initial public offering. The plaintiff seeks to represent a class of certain of the Company’s shareholders who were subject to the lock-up agreements and who were not permitted to sell shares in an April 2012 secondary offering. On January 17, 2014, the plaintiff filed an amended complaint. On March 6, 2014, the defendants filed motions to dismiss the amended complaint and a motion to stay discovery while the motions to dismiss were pending. On November 14, 2014, the court denied the motion to dismiss brought by Zynga and the directors and granted the motion to dismiss brought by the underwriters who had been named as defendants. The Court endorsed a stipulation setting a briefing schedule for plaintiff’s motion for class certification. Plaintiff’s motion was filed on July 13, 2015. Defendants’ opposition is to be filed on or before September 4, 2015, and plaintiff’s reply is to be filed on or before October 5, 2015. On June 24, 2015, certain of the defendants filed a motion for relief from the court’s November 14, 2014 decision denying the defendants’ motion to dismiss the complaint. An opposition to the motion was filed on July 24, 2015. A hearing date has not been set. Although it is reasonably possible that our assessment of the possibility of loss could change in the near term due to one or more confirming events, the Company believes it has meritorious defenses in the Lee v. Pincus class action and will vigorously defend this action. Furthermore, given that we are in the early stages of the litigation process, we are unable to estimate the range of potential loss, if any. Since August 3, 2012, nine stockholder derivative lawsuits have been filed in State or Federal courts in California and Delaware purportedly on behalf of the Company against certain current and former directors and executive officers of the Company. The derivative plaintiffs allege that the defendants breached their fiduciary duties and violated California Corporations Code section 25402 in connection with our initial public offering in December 2011, secondary offering in April 2012, and allegedly made false or misleading statements regarding the Company’s business and financial projections. Beginning on August 3, 2012, three of the actions were filed in San Francisco County Superior Court. On October 2, 2012, the court consolidated those three actions as In re Zynga Shareholder Derivative Litigation, Lead Case CGC-12-522934. On March 14, 2013, the plaintiffs filed a First Amended Complaint in that consolidated California state action. On March 21, 2013, the court endorsed a stipulation among the parties staying the action pending the ruling on the motion to dismiss in the federal securities class action described above. On March 24, 2014, the court endorsed a stipulation among the parties staying the action pending a ruling on a motion to dismiss the First Amended Complaint in the federal securities class action. April 24, 2015, the court endorsed a stipulation among the parties staying the action until the Delaware Chancery Court rules on the defendants’ motion to stay or dismiss (discussed below). Beginning on August 16, 2012, four stockholder derivative actions were filed in the United States District Court for the Northern District of California. On December 3, 2012, the court consolidated these four actions as In re Zynga Inc. Derivative Litigation, Lead Case No. 12-CV-4327-JSW. On March 11, 2013, the court endorsed a stipulation among the parties staying the action pending the ruling on the motion to dismiss in the federal securities class action described above. On March 21, 2014, the court issued an order continuing the stay pending a ruling on a motion to dismiss the First Amended Complaint in the federal securities class action. On April 27, 2015, the court endorsed a stipulation among the parties staying the action until the Delaware Chancery Court rules on the defendants’ motion to stay or dismiss (discussed below). A derivative action was also filed in the United States District Court for the District of Delaware. The plaintiff in the District of Delaware action voluntarily dismissed the action on November 19, 2012. On April 2, 2014, a derivative action was filed in the Court of Chancery of the State of Delaware entitled Sandys v. Pincus, et al. Case No. 9512-CB. On December 9, 2014, the defendants filed a motion to stay or dismiss the action. Briefing on the motion to stay or dismiss is complete and a hearing on the motion is scheduled for August 10, 2015. The derivative actions include claims for, among other things, unspecified damages in favor of the Company, certain corporate actions to purportedly improve the Company’s corporate governance, and an award of costs and expenses to the derivative plaintiffs, including attorneys’ fees. We believe that the plaintiffs in the derivative actions lack standing to pursue litigation on behalf of Zynga. Because the derivative actions are in the early stages of the litigation process, we are not in a position to assess whether any loss or adverse effect on our financial condition is probable or remote or to estimate the range of potential loss, if any. The Company is also party to various other legal proceedings and claims which arise in the ordinary course of business. In addition, we may receive notifications alleging infringement of patent or other intellectual property rights. Adverse results in any such litigation, legal proceedings or claims may include awards of substantial monetary damages, costly royalty or licensing agreements, or orders preventing us from offering certain games, features, or services, and may also result in changes in our business practices, which could result in additional costs or a loss of revenue for us and could otherwise harm our business. Although the results of such litigation cannot be predicted with certainty, we believe that the amount or range of reasonably possible losses related to such pending or threatened litigation will not have a material adverse effect on our business, operating results, cash flows, or financial condition should such litigation be resolved unfavorably. We recognize legal expenses as incurred. |
Geographical Information
Geographical Information | 6 Months Ended |
Jun. 30, 2015 | |
Segment Reporting [Abstract] | |
Geographical Information | 12. Geographical Information The following represents our revenue based on the geographic location of our players (in thousands): Revenue Three Months Ended Six Months Ended 2015 2014 2015 2014 United States $ 130,021 $ 91,755 $ 247,561 $ 190,860 All other countries (1) 69,897 61,477 135,650 130,392 Total revenue $ 199,918 $ 153,232 $ 383,211 $ 321,252 (1) No country exceeded 10% of our total revenue for any periods presented. The following represents our property and equipment, net by location (in thousands): Property and equipment, net June 30, December 31, United States $ 280,225 $ 294,708 All other countries 3,721 3,211 Total property and equipment, net $ 283,946 $ 297,919 |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Jun. 30, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 13. Related Party Transactions On June 15, 2015, Zynga acquired substantially all of the assets and liabilities of SF Incubator, LLC and super.io, Inc., entities wholly owned by Mark Pincus, pursuant to an asset purchase agreement. The purchase price paid by Zynga pursuant to the asset purchase agreement was $1 plus assumed liabilities of approximately $0.4 million. As of June 30, 2015 the Company recorded a net $0.1 million in stockholder’s equity and $0.1 million in other current liabilities related to this transaction. |
Overview and Summary of Signi20
Overview and Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation and Consolidation | Basis of Presentation and Consolidation The accompanying consolidated financial statements are presented in accordance with United States generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements include the operations of us and our wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in the consolidation. The accompanying interim consolidated financial statements and these related notes should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2014. |
Unaudited Interim Financial Information | Unaudited Interim Financial Information The accompanying interim consolidated balance sheet as of June 30, 2015, the interim consolidated statements of operations, the interim consolidated statements of comprehensive income (loss) for the three and six months ended June 30, 2015 and 2014, the interim consolidated statements of cash flows for the six months ended June 30, 2015 and 2014 and the related footnote disclosures are unaudited. These unaudited consolidated interim financial statements have been prepared in accordance with U.S. GAAP. In management’s opinion, the unaudited consolidated interim financial statements have been prepared on the same basis as the audited consolidated financial statements and include all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s statement of financial position and operating results for the periods presented. The results for the three and six months ended June 30, 2015 are not necessarily indicative of the results expected for the full fiscal year or any other future period. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and notes thereto. Significant estimates and assumptions reflected in the financial statements include, but are not limited to, the estimated lives of virtual goods that we use for revenue recognition, useful lives of property and equipment and intangible assets, accrued liabilities, income taxes, accounting for business combinations, stock-based expense and evaluation of goodwill, intangible assets, and long-lived assets for impairment. Actual results could differ materially from those estimates. Changes in our estimated average life of durable virtual goods during the three and six months ended June 30, 2015 for various games resulted in an increase in revenue and income from continuing operations of $6.1 million and $6.8 million, respectively, which is the result of adjusting the remaining recognition period of deferred revenue generated in prior periods at the time of a change in estimate. We also recorded $6.8 million and $9.9 million of revenue and income from continuing operations in the three and six months, respectively, ended June 30, 2015 due to changes in our estimated average life of durable goods for games that have been discontinued as there is no further service obligation after the closure of these games. These changes in estimates and discontinuance of games resulted in a $0.01 per share and $0.02 per share impact on our reported earnings per share for the three and six months ended June 30, 2015, respectively. |
Accounting Policy Updates | Accounting Policy Updates In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “ Revenue from Contracts with Customers Revenue Recognition (Topic 605) |
Fair Value of Financial Instruments | Our financial instruments consist of cash equivalents, short-term and long-term marketable securities and accounts receivable. Accounts receivable, net is stated at its carrying value, which approximates fair value. Cash equivalents and short-term and long-term marketable securities, consisting of money market funds, U.S. government and government agency debt securities, municipal securities and corporate debt securities, are carried at fair value, which is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between knowledgeable and willing market participants. Our contingent consideration liability represents the estimated fair value of the additional consideration payable in connection with our acquisition of Spooky Cool Labs LLC (“Spooky Cool Labs”). The amount payable is contingent upon the achievement of certain performance milestones for each of Spooky Cool Labs’ fiscal years ended June 30, 2014 and June 30, 2015. In the first quarter of 2015, we executed an amended agreement with Spooky Cool Labs. Under the terms of the amended agreement, the maximum amount payable by us is $58.8 million, which includes $53.8 million of contingent consideration and $5.0 million related to bonuses. We recorded $9.4 million of expense within research and development in our consolidated statement of operations and paid $53.8 million in the first quarter of 2015 to fully settle the contingent consideration liability balance related to Spooky Cool Labs. The remaining $5.0 million for bonuses was paid on June 30, 2015. |
Fair Value Measurement | Fair value is a market-based measurement that should be determined based on assumptions that knowledgeable and willing market participants would use in pricing an asset or liability. The valuation techniques used to measure the fair value of the Company’s debt instruments and all other financial instruments, all of which have counterparties with high credit ratings, were valued based on quoted market prices or model driven valuations using significant inputs derived from or corroborated by observable market data. We use a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Includes inputs, other than Level 1 inputs, that are directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs that are supported by little or no market activity. |
Marketable Securities (Tables)
Marketable Securities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Summary of Available-for-Sale Investments | The following tables summarize our amortized cost, gross unrealized gains and losses and fair value of our available-for-sale investments in marketable securities (in thousands): June 30, 2015 Amortized Gross Gross Aggregate U.S. government and government agency debt securities $ 250,771 $ 83 $ (15 ) $ 250,839 Corporate debt securities 372,739 31 (114 ) 372,656 Total $ 623,510 $ 114 $ (129 ) $ 623,495 December 31, 2014 Amortized Gross Gross Aggregate U.S. government and government agency debt securities $ 405,049 $ 68 $ (135 ) $ 404,982 Corporate debt securities 611,950 39 (365 ) 611,624 Total $ 1,016,999 $ 107 $ (500 ) $ 1,016,606 |
Fair Value of Available-for-Sale Marketable Securities by Contractual Maturities | The estimated fair value of available-for-sale marketable securities, classified by their contractual maturities was as follows (in thousands): June 30, 2015 Due within one year $ 583,387 After one year through three years 40,108 Total $ 623,495 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Assets Measured on Recurring Basis | The composition of our financial instruments among the three Levels of the fair value hierarchy are as follows (in thousands): June 30, 2015 Level 1 Level 2 Level 3 Total Assets: Money market funds (1) $ 378,666 $ — $ — $ 378,666 U.S. government and government agency debt securities — 250,839 — 250,839 Corporate debt securities — 372,656 — 372,656 Total $ 378,666 $ 623,495 $ — $ 1,002,161 December 31, 2014 Level 1 Level 2 Level 3 Total Assets: Money market funds (1) $ 41,595 $ — $ — $ 41,595 U.S. government and government agency debt securities — 404,982 — 404,982 Corporate debt securities — 611,624 — 611,624 Total $ 41,595 $ 1,016,606 $ — $ 1,058,201 Liabilities: Contingent consideration $ — $ — $ 44,420 $ 44,420 (1) Includes amounts classified as cash and cash equivalents. |
Property and Equipment (Tables)
Property and Equipment (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Components of Property and Equipment | Property and equipment consist of the following (in thousands): June 30, December 31, Computer equipment $ 121,053 $ 141,946 Software 31,707 31,778 Land 89,130 89,130 Building 195,307 194,574 Furniture and fixtures 10,704 10,616 Leasehold improvements 10,611 9,694 458,512 477,738 Less accumulated depreciation (174,566 ) (179,819 ) Total property and equipment, net $ 283,946 $ 297,919 |
Goodwill and Other Intangible24
Goodwill and Other Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill | Changes in the carrying value of goodwill from December 31, 2014 to June 30, 2015 are as follows (in thousands): Goodwill – December 31, 2014 $ 650,778 Foreign currency translation adjustments (1) 3,695 Goodwill adjustments (2) 2,658 Goodwill – June 30, 2015 $ 657,131 (1) The increase is primarily related to translation gains on goodwill associated with the acquisition of NaturalMotion denominated in British pounds. (2) Includes the impact of adjustments to goodwill resulting from changes in net assets (liabilities) acquired (assumed) and other adjustments, pursuant to our business combinations policy. |
Acquisition-Related Intangible Assets | The details of our acquisition-related intangible assets as of June 30, 2015 are as follows (in thousands): June 30, 2015 Gross Carrying Accumulated Net Book Value Developed technology $ 152,050 $ (107,463 ) $ 44,587 Trademarks, branding and domain names 16,292 (8,666 ) 7,626 Acquired lease intangibles 5,708 (4,470 ) 1,238 Total $ 174,050 $ (120,599 ) $ 53,451 The details of our acquisition-related intangible assets as of December 31, 2014 are as follows (in thousands): December 31, 2014 Gross Carrying Accumulated Net Book Value Developed technology $ 151,376 $ (94,560 ) $ 56,816 Trademarks, branding and domain names 16,292 (7,861 ) 8,431 Acquired lease intangibles 5,708 (4,094 ) 1,614 Total $ 173,376 $ (106,515 ) $ 66,861 |
Schedule of Finite Lived Intangible Assets Future Amortization Expense | As of June 30, 2015, future amortization expense related to the intangible assets is expected to be recognized as shown below (in thousands): Year ending December 31: 2015 $ 13,381 2016 24,918 2017 6,128 2018 and thereafter 2,901 Total $ 47,328 |
Other Current Liabilities (Tabl
Other Current Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Other Liabilities Disclosure [Abstract] | |
Schedule of Other Current Liabilities | Other current liabilities consist of the following (in thousands): June 30, December 31, Accrued compensation liability 17,178 26,113 Accrued restructuring liability 7,971 7,214 Accrued accounts payable 24,048 17,542 Other current liabilities 20,205 20,955 Accrued escrow for acquisitions — 47,906 Contingent consideration liability — 44,420 Total other current liabilities $ 69,402 $ 164,150 |
Restructuring (Tables)
Restructuring (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Restructuring and Related Activities [Abstract] | |
Summary of Historical Restructuring Liability | The following table presents the activity for the three and six months ended June 30, 2015 related to the Q2 2015 restructuring plan (in thousands): Three and Six Months Ended June 30, 2015 Restructuring liability - beginning of period $ — Restructuring expense and adjustments 12,282 Cash payments (10,422 ) Restructuring liability (Q2 2015 Plan) - end of period $ 1,860 The following table presents the activity for the three months ended March 31, 2015 and the three and six months ended June 30, 2015 related to the Q1 2015 restructuring plan (in thousands): Three Months Ended Six Months Ended March 31, 2015 June 30, 2015 June 30, 2015 Restructuring liability - beginning of period $ — $ 330 $ — Restructuring expense and adjustments 3,241 542 3,783 Cash payments (2,911 ) (872 ) (3,783 ) Restructuring liability (Q1 2015 Plan) - end of period $ 330 $ — $ — Q1 2014 Restructuring Plan The following table presents the activity for the three months ended March 31, 2015 and the three and six months ended June 30, 2015 related to the Q1 2014 restructuring plan (in thousands): Three Months Ended Six Months Ended March 31, 2015 June 30, 2015 June 30, 2015 Restructuring liability - beginning of period $ 10,009 $ 8,082 $ 10,009 Restructuring expense and adjustments 189 30 219 Cash payments (2,116 ) (1,449 ) (3,565 ) Restructuring liability (Q1 2014 Plan) - end of period $ 8,082 $ 6,663 $ 6,663 Other Plans The following table presents the activity for the three months ended March 31, 2015 and the three and six months ended June 30, 2015 related to all other remaining historical restructuring plans from prior years (in thousands): Three Months Ended Six Months Ended March 31, 2015 June 30, 2015 June 30, 2015 Restructuring liability - beginning of period $ 2,857 $ 1,957 $ 2,857 Restructuring expense and adjustments 31 — 31 Cash payments (931 ) (24 ) (955 ) Restructuring liability (2013 Plan) - end of period $ 1,957 $ 1,933 $ 1,933 |
Stockholders' Equity (Tables)
Stockholders' Equity (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Equity [Abstract] | |
Stock-Based Expense Related to Grants of Employee and Consultant Stock Options, Warrants, Restricted Stock and Restricted Stock Units (ZSUs) | We recorded stock-based expense related to grants of employee and consultant stock options, warrants, restricted stock and restricted stock units (“ZSUs”) in our consolidated statements of operations as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Cost of revenue $ 772 $ 1,002 $ 1,844 $ 2,281 Research and development 19,860 17,596 48,177 36,012 Sales and marketing 1,617 1,860 3,136 3,318 General and administrative 5,656 8,389 16,210 15,562 Total stock-based expense $ 27,905 $ 28,847 $ 69,367 $ 57,173 |
Schedule of Share Based Compensation Stock Option Activity | The following table shows stock option activity for the six months ended June 30, 2015 (in thousands, except weighted-average exercise price and weighted-average contractual term): Outstanding Options Stock Options Weighted- Aggregate Weighted- Balance as of December 31, 2014 39,460 $ 2.22 $ 47,347 6.74 Granted 305 2.99 Forfeited and cancelled (10,879 ) 3.38 Exercised (1,780 ) 0.62 Balance as of June 30, 2015 27,106 $ 1.87 $ 45,174 5.92 |
Schedule of Share Based Compensation Restricted Stock Units Award Activity | The following table shows a summary of ZSU activity for the six months ended June 30, 2015 (in thousands, except weighted-average grant date fair value): Outstanding ZSUs Shares Weighted- Aggregate Unvested as of December 31, 2014 69,883 $ 3.64 $ 185,889 Granted 32,502 2.80 Vested (15,467 ) 4.26 Forfeited and cancelled (16,975 ) 3.28 Unvested as of June 30, 2015 69,943 $ 3.20 $ 200,037 |
Schedule of Accumulated Other Comprehensive Income Loss | The following table shows a summary of changes in accumulated other comprehensive income by component for the three and six months ended June 30, 2015 (in thousands): Foreign Currency Unrealized Gains Total Balance as of March 31, 2015 $ (51,394 ) $ 44 $ (51,350 ) Other comprehensive income (loss) before reclassifications 26,725 (43 ) 26,682 Amounts reclassified from accumulated other comprehensive income — (17 ) (17 ) Net current-period other comprehensive income (loss) 26,725 (60 ) 26,665 Balance as of June 30, 2015 $ (24,669 ) $ (16 ) $ (24,685 ) Foreign Currency Unrealized Gains Total Balance as of December 31, 2014 $ (28,781 ) $ (394 ) $ (29,175 ) Other comprehensive income (loss) before reclassifications 4,112 410 4,522 Amounts reclassified from accumulated other comprehensive income — (32 ) (32 ) Net current-period other comprehensive income (loss) 4,112 378 4,490 Balance as of June 30, 2015 $ (24,669 ) $ (16 ) $ (24,685 ) |
Net Income (Loss) Per Share o28
Net Income (Loss) Per Share of Common Stock (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share of Common Stock | The following table sets forth the computation of basic and diluted net income (loss) per share of common stock (in thousands, except per share data): Three Months Ended June 30, 2015 2014 Class A Class B Class C Class A Class B Class C (unaudited) BASIC: Net income (loss) attributable to common stockholders $ (22,901 ) (3,362 ) (605 ) $ (52,332 ) $ (8,731 ) $ (1,470 ) Weighted-average common shares outstanding 777,099 114,083 20,517 730,411 121,856 20,517 Basic net income (loss) per share $ (0.03 ) $ (0.03 ) $ (0.03 ) $ (0.07 ) $ (0.07 ) $ (0.07 ) DILUTED: Net income (loss) attributable to common stockholders $ (22,901 ) (3,362 ) (605 ) $ (52,332 ) $ (8,731 ) $ (1,470 ) Reallocation of net income (loss) as a result of conversion of Class C shares to Class A shares (605 ) — — (1,470 ) — — Reallocation of net income (loss) as a result of conversion of Class B shares to Class A shares (3,362 ) — — (8,731 ) — — Net income (loss) attributable to common stockholders-diluted $ (26,868 ) $ (3,362 ) $ (605 ) $ (62,533 ) $ (8,731 ) $ (1,470 ) Weighted-average common shares outstanding-basic 777,099 114,083 20,517 730,411 121,856 20,517 Conversion of Class C to Class A common shares 20,517 — — 20,517 — — Conversion of Class B to Class A common shares 114,083 — — 121,856 — — Weighted-average common shares outstanding-diluted 911,699 114,083 20,517 872,784 121,856 20,517 Diluted net income (loss) per share $ (0.03 ) $ (0.03 ) $ (0.03 ) $ (0.07 ) $ (0.07 ) $ (0.07 ) Six Months Ended June 30, 2015 2014 Class A Class B Class C Class A Class B Class C (unaudited) BASIC: Net income (loss) attributable to common stockholders $ (62,450 ) $ (9,251 ) $ (1,663 ) $ (103,120 ) $ (17,650 ) $ (2,946 ) Weighted-average common shares outstanding 770,415 114,126 20,517 718,156 122,918 20,517 Basic net income per share $ (0.08 ) $ (0.08 ) $ (0.08 ) $ (0.14 ) $ (0.14 ) $ (0.14 ) DILUTED: Net income (loss) attributable to common stockholders $ (62,450 ) $ (9,251 ) $ (1,663 ) $ (103,120 ) $ (17,650 ) $ (2,946 ) Reallocation of net income (loss) as a result of conversion of Class C shares to Class A shares (1,663 ) — — (2,946 ) — — Reallocation of net income (loss) as a result of conversion of Class B shares to Class A shares (9,251 ) — — (17,650 ) — — Net income (loss) attributable to common stockholders-diluted $ (73,364 ) $ (9,251 ) $ (1,663 ) $ (123,716 ) $ (17,650 ) $ (2,946 ) Weighted-average common shares outstanding-basic 770,415 114,126 20,517 718,156 122,918 20,517 Conversion of Class C to Class A common shares outstanding 20,517 — — 20,517 — — Conversion of Class B to Class A common shares outstanding 114,126 — — 122,918 — — Number of shares used in diluted net income (loss) per share 905,058 114,126 20,517 861,591 122,918 20,517 Diluted net income (loss) per share $ (0.08 ) $ (0.08 ) $ (0.08 ) $ (0.14 ) $ (0.14 ) $ (0.14 ) |
Weighted Average Employee Equity Awards | The following weighted-average equity awards were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Stock options and employee stock purchase plan 28,912 44,982 33,498 43,513 Restricted shares 8,459 14,069 9,787 11,603 ZSUs 59,812 59,042 63,952 58,993 Total 97,183 118,093 107,237 114,109 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Lease Payments for Operating Leases | As of June 30, 2015, future minimum lease payments related to these leases are as follows (in thousands): Year ending December 31: 2015 $ 11,292 2016 23,575 2017 14,290 2018 13,150 2019 13,302 2020 and thereafter 21,919 $ 97,528 |
Schedule of Future Minimum Purchase Commitments | We have entered into several contracts for hosting of data systems and licensed intellectual property. Future minimum purchase commitments that have initial or remaining non-cancelable terms as of June 30, 2015, are as follows (in thousands): Year ending December 31: 2015 $ 5,131 2016 5,137 2017 2,850 2018 1,351 2019 270 $ 14,739 |
Geographical Information (Table
Geographical Information (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Segment Reporting [Abstract] | |
Revenue by Geographical Area | The following represents our revenue based on the geographic location of our players (in thousands): Revenue Three Months Ended Six Months Ended 2015 2014 2015 2014 United States $ 130,021 $ 91,755 $ 247,561 $ 190,860 All other countries (1) 69,897 61,477 135,650 130,392 Total revenue $ 199,918 $ 153,232 $ 383,211 $ 321,252 (1) No country exceeded 10% of our total revenue for any periods presented. |
Property and Equipment, Net | The following represents our property and equipment, net by location (in thousands): Property and equipment, net June 30, December 31, United States $ 280,225 $ 294,708 All other countries 3,721 3,211 Total property and equipment, net $ 283,946 $ 297,919 |
Overview and Summary of Signi31
Overview and Summary of Significant Accounting Policies - Additional Information (Detail) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Millions | Total | Total |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Initial offering period | December 2,011 | |
Increase in revenue and income from continuing operations | $ 6.1 | $ 6.8 |
Revenue and income from continuing operations | $ 6.8 | $ 9.9 |
Impact on reported earnings per share | $ 0.01 | $ 0.02 |
Marketable Securities - Summary
Marketable Securities - Summary of Available-for-Sale Investments (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 623,510 | $ 1,016,999 |
Gross Unrealized Gains | 114 | 107 |
Gross Unrealized Losses | (129) | (500) |
Aggregate Fair Value | 623,495 | 1,016,606 |
U.S. government and government agency debt securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 250,771 | 405,049 |
Gross Unrealized Gains | 83 | 68 |
Gross Unrealized Losses | (15) | (135) |
Aggregate Fair Value | 250,839 | 404,982 |
Corporate debt securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 372,739 | 611,950 |
Gross Unrealized Gains | 31 | 39 |
Gross Unrealized Losses | (114) | (365) |
Aggregate Fair Value | $ 372,656 | $ 611,624 |
Marketable Securities - Fair Va
Marketable Securities - Fair Value of Available-for-Sale Marketable Securities by Contractual Maturities (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Marketable Securities [Abstract] | ||
Due within one year | $ 583,387 | |
After one year through three years | 40,108 | $ 231,385 |
Aggregate Fair Value | $ 623,495 | $ 1,016,606 |
Marketable Securities - Additio
Marketable Securities - Additional Information (Detail) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Marketable Securities [Abstract] | ||
Unrealized losses | $ 100,000 | $ 500,000 |
Fair value | 271,600,000 | 621,500,000 |
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value | $ 0 | $ 0 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
Mar. 31, 2015 | Jun. 30, 2015 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Maximum amount payable | $ 58.8 | |
Contingent consideration payable | 53.8 | |
Business combination related to bonuses | 5 | |
Business combination bonuses to be paid | 5 | |
Contingent consideration liability settled | $ 53.8 | |
Research and development [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Change in fair value of contingent consideration liability | $ 9.4 |
Fair Value Measurements - Fair
Fair Value Measurements - Fair Value Assets Measured on Recurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets Fair Value Disclosure Recurring | $ 1,002,161 | $ 1,058,201 |
Contingent consideration [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liabilities Fair Value Disclosure Recurring | 44,420 | |
Money market funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets Fair Value Disclosure Recurring | 378,666 | 41,595 |
U.S. government and government agency debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets Fair Value Disclosure Recurring | 250,839 | 404,982 |
Corporate debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets Fair Value Disclosure Recurring | 372,656 | 611,624 |
Fair value, inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets Fair Value Disclosure Recurring | 378,666 | 41,595 |
Fair value, inputs, Level 1 [Member] | Money market funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets Fair Value Disclosure Recurring | 378,666 | 41,595 |
Fair value, inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets Fair Value Disclosure Recurring | 623,495 | 1,016,606 |
Fair value, inputs, Level 2 [Member] | U.S. government and government agency debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets Fair Value Disclosure Recurring | 250,839 | 404,982 |
Fair value, inputs, Level 2 [Member] | Corporate debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets Fair Value Disclosure Recurring | $ 372,656 | 611,624 |
Fair value, inputs, Level 3 [Member] | Contingent consideration [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liabilities Fair Value Disclosure Recurring | $ 44,420 |
Property and Equipment - Compon
Property and Equipment - Components of Property and Equipment (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 458,512 | $ 477,738 |
Less accumulated depreciation | (174,566) | (179,819) |
Total property and equipment, net | 283,946 | 297,919 |
Computer equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 121,053 | 141,946 |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 89,130 | 89,130 |
Building [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 195,307 | 194,574 |
Furniture and fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 10,704 | 10,616 |
Leasehold improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 10,611 | 9,694 |
Software [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 31,707 | $ 31,778 |
Goodwill and Other Intangible38
Goodwill and Other Intangible Assets - Schedule of Goodwill (Detail) $ in Thousands | 6 Months Ended |
Jun. 30, 2015USD ($) | |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | $ 650,778 |
Foreign currency translation adjustments | 3,695 |
Goodwill adjustments | 2,658 |
Goodwill, ending balance | $ 657,131 |
Goodwill and Other Intangible39
Goodwill and Other Intangible Assets - Acquisition-Related Intangible Assets (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Value | $ 174,050 | $ 173,376 |
Accumulated Amortization | (120,599) | (106,515) |
Net Book Value | 53,451 | 66,861 |
Developed technology [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Value | 152,050 | 151,376 |
Accumulated Amortization | (107,463) | (94,560) |
Net Book Value | 44,587 | 56,816 |
Trademarks, branding and domain names [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Value | 16,292 | 16,292 |
Accumulated Amortization | (8,666) | (7,861) |
Net Book Value | 7,626 | 8,431 |
Acquired lease intangibles [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Value | 5,708 | 5,708 |
Accumulated Amortization | (4,470) | (4,094) |
Net Book Value | $ 1,238 | $ 1,614 |
Goodwill and Other Intangible40
Goodwill and Other Intangible Assets - Schedule of Finite Lived Intangible Assets Future Amortization Expense (Detail) $ in Thousands | Jun. 30, 2015USD ($) |
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | |
2,015 | $ 13,381 |
2,016 | 24,918 |
2,017 | 6,128 |
2018 and thereafter | 2,901 |
Total | $ 47,328 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2015 | Mar. 31, 2014 | Jun. 30, 2015 | |
Schedule Of Allocation Of Income Tax Expense Benefit [Line Items] | |||
Increase in income tax expense benefit | $ 3 | $ 11.7 | |
Increase in foreign tax expense related to partial valuation allowance established against non-US net operating losses | 1.8 | 3.2 | |
Changes in estimated jurisdictional mix of earnings | $ 1.2 | $ 0.7 | |
Federal research and development tax credit [Member] | |||
Schedule Of Allocation Of Income Tax Expense Benefit [Line Items] | |||
Incremental benefit | $ 7.8 |
Other Current Liabilities - Sch
Other Current Liabilities - Schedule of Other Current Liabilities (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Other Liabilities Disclosure [Abstract] | ||
Accrued compensation liability | $ 17,178 | $ 26,113 |
Accrued restructuring liability | 7,971 | 7,214 |
Accrued accounts payable | 24,048 | 17,542 |
Other current liabilities | 20,205 | 20,955 |
Accrued escrow for acquisitions | 47,906 | |
Contingent consideration liability | 44,420 | |
Total other current liabilities | $ 69,402 | $ 164,150 |
Restructuring - Additional Info
Restructuring - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | |
Restructuring Cost and Reserve [Line Items] | ||||
Total restructuring charge | $ 16,300 | |||
Restructuring liability | $ 1,900 | $ 1,900 | ||
Restructuring liability, expected paid out period | 2 years 3 months 18 days | |||
Cost of revenue [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Total restructuring charge | $ 700 | |||
Research and development [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Total restructuring charge | 9,500 | |||
Sales and marketing [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Total restructuring charge | 700 | |||
General and administrative [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Total restructuring charge | 5,400 | |||
Q2 2015 Restructuring Plan [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Total restructuring charge | 12,300 | 12,300 | ||
Employee severance costs pay and related costs | 10,400 | |||
Lease and contract termination costs | 1,900 | |||
Stock-based expense reversals | 700 | |||
Restructuring liability | 1,860 | $ 1,860 | $ 0 | $ 0 |
Restructuring liability, expected paid out period | 6 months | |||
Q1 2015 Restructuring Plan [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Total restructuring charge | $ 3,800 | |||
Employee severance costs pay and related costs | 2,500 | |||
Lease and contract termination costs | 1,300 | |||
Stock-based expense reversals | 100 | |||
Restructuring liability | 330 | |||
Q1 2014 Restructuring Plan [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring liability | $ 6,663 | $ 6,663 | $ 8,082 | $ 10,009 |
Restructuring liability, expected paid out period | 1 year 6 months |
Restructuring - Summary of Hist
Restructuring - Summary of Historical Restructuring Liability (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2015 | Mar. 31, 2015 | Jun. 30, 2015 | |
Restructuring Cost and Reserve [Line Items] | |||
Restructuring liability, Ending balance | $ 1,900 | $ 1,900 | |
Q1 2015 Restructuring Plan [Member] | |||
Restructuring Cost and Reserve [Line Items] | |||
Restructuring liability, Beginning balance | 330 | ||
Restructuring expense and adjustments | 542 | $ 3,241 | 3,783 |
Cash payments | (872) | (2,911) | (3,783) |
Restructuring liability, Ending balance | 330 | ||
Q2 2015 Restructuring Plan [Member] | |||
Restructuring Cost and Reserve [Line Items] | |||
Restructuring liability, Beginning balance | 0 | 0 | 0 |
Restructuring expense and adjustments | 12,282 | 12,282 | |
Cash payments | (10,422) | (10,422) | |
Restructuring liability, Ending balance | 1,860 | 0 | 1,860 |
Q1 2014 Restructuring Plan [Member] | |||
Restructuring Cost and Reserve [Line Items] | |||
Restructuring liability, Beginning balance | 8,082 | 10,009 | 10,009 |
Restructuring expense and adjustments | 30 | 189 | 219 |
Cash payments | (1,449) | (2,116) | (3,565) |
Restructuring liability, Ending balance | 6,663 | 8,082 | 6,663 |
Other Restructuring Plans [Member] | |||
Restructuring Cost and Reserve [Line Items] | |||
Restructuring liability, Beginning balance | 1,957 | 2,857 | 2,857 |
Restructuring expense and adjustments | 31 | 31 | |
Cash payments | (24) | (931) | (955) |
Restructuring liability, Ending balance | $ 1,933 | $ 1,957 | $ 1,933 |
Stockholders' Equity - Stock-Ba
Stockholders' Equity - Stock-Based Expense Related to Grants of Employee and Consultant Stock Options, Warrants, Restricted Stock and Restricted Stock Units (ZSUs) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||||
Total stock-based expense | $ 27,905 | $ 28,847 | $ 69,367 | $ 57,173 |
Cost of revenue [Member] | ||||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||||
Total stock-based expense | 772 | 1,002 | 1,844 | 2,281 |
Research and development [Member] | ||||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||||
Total stock-based expense | 19,860 | 17,596 | 48,177 | 36,012 |
Sales and marketing [Member] | ||||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||||
Total stock-based expense | 1,617 | 1,860 | 3,136 | 3,318 |
General and administrative [Member] | ||||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||||
Total stock-based expense | $ 5,656 | $ 8,389 | $ 16,210 | $ 15,562 |
Stockholders' Equity - Schedule
Stockholders' Equity - Schedule of Share Based Compensation Stock Option Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Stock Options Outstanding, Beginning balance | 39,460 | |
Stock Options, Granted | 305 | |
Stock Options, Forfeited and cancelled | (10,879) | |
Stock Options, Exercised | (1,780) | |
Stock Options Outstanding, Ending balance | 27,106 | 39,460 |
Outstanding Options, Weighted Average Exercise Price, Beginning Balance | $ 2.22 | |
Weighted Average Exercise Price, Granted | 2.99 | |
Weighted Average Exercise Price, Forfeited and cancelled | 3.38 | |
Weighted Average Exercise Price, Exercised | 0.62 | |
Outstanding Options, Weighted Average Exercise Price, Ending Balance | $ 1.87 | $ 2.22 |
Outstanding Options, Aggregate Intrinsic Value of Stock Options Outstanding | $ 45,174 | $ 47,347 |
Weighted Average Contractual Term (in years) | 5 years 11 months 1 day | 6 years 8 months 27 days |
Stockholders' Equity - Schedu47
Stockholders' Equity - Schedule of Share Based Compensation Restricted Stock Units Award Activity (Detail) - 6 months ended Jun. 30, 2015 - Restricted Stock Units (ZSUs) [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | Total |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Nonvested Outstanding Shares, Beginning balance | 69,883 |
Nonvested Shares, Granted | 32,502 |
Nonvested Shares, Vested | (15,467) |
Nonvested Shares, Forfeited and cancelled | (16,975) |
Nonvested Outstanding Shares, Ending balance | 69,943 |
Weighted Average Grant Date Fair Value, Beginning balance | $ 3.64 |
Weighted Average Grant Date Fair Value, Granted | 2.80 |
Weighted Average Grant Date Fair Value, Vested | 4.26 |
Weighted Average Grant Date Fair Value, Forfeited and cancelled | 3.28 |
Weighted Average Grant Date Fair Value, Ending balance | $ 3.20 |
Nonvested Aggregated Intrinsic Value, Beginning balance | $ 185,889 |
Nonvested Aggregated Intrinsic Value, Ending balance | $ 200,037 |
Stockholders' Equity - Schedu48
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income Loss (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated other comprehensive income, net of tax, Beginning balance | $ (51,350) | $ (29,175) | ||
Other comprehensive income (loss) before reclassifications, net of tax | 26,682 | 4,522 | ||
Amounts reclassified from accumulated other comprehensive income, net of tax | (17) | (32) | ||
Other comprehensive income (loss) | 26,665 | $ 13,050 | 4,490 | $ 18,176 |
Accumulated other comprehensive income, net of tax, Ending balance | (24,685) | (24,685) | ||
Foreign Currency Translation [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated other comprehensive income, net of tax, Beginning balance | (51,394) | (28,781) | ||
Other comprehensive income (loss) before reclassifications, net of tax | 26,725 | 4,112 | ||
Other comprehensive income (loss) | 26,725 | 4,112 | ||
Accumulated other comprehensive income, net of tax, Ending balance | (24,669) | (24,669) | ||
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated other comprehensive income, net of tax, Beginning balance | 44 | (394) | ||
Other comprehensive income (loss) before reclassifications, net of tax | (43) | 410 | ||
Amounts reclassified from accumulated other comprehensive income, net of tax | (17) | (32) | ||
Other comprehensive income (loss) | (60) | 378 | ||
Accumulated other comprehensive income, net of tax, Ending balance | $ (16) | $ (16) |
Net Income (Loss) Per Share o49
Net Income (Loss) Per Share of Common Stock - Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share of Common Stock (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
BASIC: | ||||
Net income (loss) attributable to common stockholders | $ (26,868) | $ (62,533) | $ (73,364) | $ (123,716) |
Weighted-average common shares outstanding | 911,699 | 872,784 | 905,058 | 861,591 |
Basic net income (loss) per share | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
DILUTED: | ||||
Weighted-average common shares outstanding-basic | 911,699 | 872,784 | 905,058 | 861,591 |
Weighted-average common shares outstanding-diluted | 911,699 | 872,784 | 905,058 | 861,591 |
Diluted net income (loss) per share | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
Common Class A [Member] | ||||
BASIC: | ||||
Net income (loss) attributable to common stockholders | $ (22,901) | $ (52,332) | $ (62,450) | $ (103,120) |
Weighted-average common shares outstanding | 777,099 | 730,411 | 770,415 | 718,156 |
Basic net income (loss) per share | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
DILUTED: | ||||
Net income (loss) attributable to common stockholders | $ (22,901) | $ (52,332) | $ (62,450) | $ (103,120) |
Net income (loss) attributable to common stockholders-diluted | $ (26,868) | $ (62,533) | $ (73,364) | $ (123,716) |
Weighted-average common shares outstanding-basic | 777,099 | 730,411 | 770,415 | 718,156 |
Weighted-average common shares outstanding-diluted | 911,699 | 872,784 | 905,058 | 861,591 |
Diluted net income (loss) per share | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
Common Class A [Member] | Class C Convert To Class A [Member] | ||||
DILUTED: | ||||
Reallocation of net income (loss) as a result of common stock class conversion | $ (605) | $ (1,470) | $ (1,663) | $ (2,946) |
Conversion of common stock class | 20,517 | 20,517 | 20,517 | 20,517 |
Common Class A [Member] | Class B convert to Class A [Member] | ||||
DILUTED: | ||||
Reallocation of net income (loss) as a result of common stock class conversion | $ (3,362) | $ (8,731) | $ (9,251) | $ (17,650) |
Conversion of common stock class | 114,083 | 121,856 | 114,126 | 122,918 |
Common Class B [Member] | ||||
BASIC: | ||||
Net income (loss) attributable to common stockholders | $ (3,362) | $ (8,731) | $ (9,251) | $ (17,650) |
Weighted-average common shares outstanding | 114,083 | 121,856 | 114,126 | 122,918 |
Basic net income (loss) per share | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
DILUTED: | ||||
Net income (loss) attributable to common stockholders | $ (3,362) | $ (8,731) | $ (9,251) | $ (17,650) |
Net income (loss) attributable to common stockholders-diluted | $ (3,362) | $ (8,731) | $ (9,251) | $ (17,650) |
Weighted-average common shares outstanding-basic | 114,083 | 121,856 | 114,126 | 122,918 |
Weighted-average common shares outstanding-diluted | 114,083 | 121,856 | 114,126 | 122,918 |
Diluted net income (loss) per share | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
Common Class C [Member] | ||||
BASIC: | ||||
Net income (loss) attributable to common stockholders | $ (605) | $ (1,470) | $ (1,663) | $ (2,946) |
Weighted-average common shares outstanding | 20,517 | 20,517 | 20,517 | 20,517 |
Basic net income (loss) per share | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
DILUTED: | ||||
Net income (loss) attributable to common stockholders | $ (605) | $ (1,470) | $ (1,663) | $ (2,946) |
Net income (loss) attributable to common stockholders-diluted | $ (605) | $ (1,470) | $ (1,663) | $ (2,946) |
Weighted-average common shares outstanding-basic | 20,517 | 20,517 | 20,517 | 20,517 |
Weighted-average common shares outstanding-diluted | 20,517 | 20,517 | 20,517 | 20,517 |
Diluted net income (loss) per share | $ (0.03) | $ (0.07) | $ (0.08) | $ (0.14) |
Net Income (Loss) Per Share o50
Net Income (Loss) Per Share of Common Stock - Weighted Average Employee Equity Awards (Detail) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Anti-dilutive securities excluded from computation of earnings per share amount | 97,183 | 118,093 | 107,237 | 114,109 |
Stock options and employee stock purchase plan [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Anti-dilutive securities excluded from computation of earnings per share amount | 28,912 | 44,982 | 33,498 | 43,513 |
Restricted shares [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Anti-dilutive securities excluded from computation of earnings per share amount | 8,459 | 14,069 | 9,787 | 11,603 |
Restricted Stock Units (ZSUs) [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Anti-dilutive securities excluded from computation of earnings per share amount | 59,812 | 59,042 | 63,952 | 58,993 |
Commitments and Contingencies -
Commitments and Contingencies - Schedule of Future Minimum Lease Payments for Operating Leases (Detail) $ in Thousands | Jun. 30, 2015USD ($) |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | |
2,015 | $ 11,292 |
2,016 | 23,575 |
2,017 | 14,290 |
2,018 | 13,150 |
2,019 | 13,302 |
2020 and thereafter | 21,919 |
Total operating leases, future minimum payments | $ 97,528 |
Commitments and Contingencies52
Commitments and Contingencies - Schedule of Future Minimum Purchase Commitments (Detail) $ in Thousands | Jun. 30, 2015USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2,015 | $ 5,131 |
2,016 | 5,137 |
2,017 | 2,850 |
2,018 | 1,351 |
2,019 | 270 |
Total future minimum purchase commitments | $ 14,739 |
Commitments and Contingencies53
Commitments and Contingencies - Additional Information (Detail) | Aug. 04, 2015USD ($) | Apr. 02, 2014Cases | Apr. 04, 2013Cases | Mar. 11, 2013Cases | Nov. 19, 2012Cases | Aug. 16, 2012Cases | Aug. 03, 2012Cases | Aug. 01, 2012Cases | Jun. 30, 2012Cases | Jun. 30, 2013USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2015USD ($)Cases |
Loss Contingencies [Line Items] | ||||||||||||
Line of credit facility, initiation date | Jul. 31, 2011 | |||||||||||
Debt instrument issuance date | 2018-06 | |||||||||||
Line of credit facility maximum borrowing capacity | $ | $ 1,000,000,000 | |||||||||||
Line of credit facility commitment fee amount | $ | 600,000 | |||||||||||
Amount drawn down under credit facility | $ | $ 0 | $ 0 | ||||||||||
Delaware [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims filed | 1 | |||||||||||
Claims settled | 1 | |||||||||||
Subsequent Event [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Litigation settlement | $ | $ 23,000,000 | |||||||||||
Case one [Member] | California [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims filed | 1 | |||||||||||
Lee v. Pincus [Member] | Delaware [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims filed | 1 | |||||||||||
Reyes v. Zynga Inc. [Member] | San Francisco [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims filed | 1 | |||||||||||
Stockholder Derivative Lawsuits [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims filed | 9 | |||||||||||
Zynga Shareholder Derivative Litigation [Member] | San Francisco [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims filed | 3 | |||||||||||
Zynga Inc. Derivative Litigation [Member] | Northern California [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims filed | 4 | |||||||||||
Sandys v. Pincus [Member] | Delaware [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Claims filed | 1 | |||||||||||
Amended Credit Facility [Member] | ||||||||||||
Loss Contingencies [Line Items] | ||||||||||||
Line of credit facility maximum borrowing capacity | $ | 200,000,000 | |||||||||||
Line of credit facility additional up-front fees | $ | 300,000 | |||||||||||
Line of credit facility frequency of commitment fee payment | Quarterly | |||||||||||
Line of credit facility commitment fee amount | $ | $ 100,000 | |||||||||||
Line of credit facility, interest rate description | The interest rate for the amended credit facility is determined based on a formula using certain market rates, as described in the amended credit agreement. |
Geographical Information - Reve
Geographical Information - Revenue by Geographical Area (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenues | $ 199,918 | $ 153,232 | $ 383,211 | $ 321,252 |
United States [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenues | 130,021 | 91,755 | 247,561 | 190,860 |
All other countries [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenues | $ 69,897 | $ 61,477 | $ 135,650 | $ 130,392 |
Geographical Information - Re55
Geographical Information - Revenue by Geographical Area (Parenthetical) (Detail) | 6 Months Ended |
Jun. 30, 2015 | |
Segment Reporting [Abstract] | |
Percentage of total revenue | 10.00% |
Geographical Information - Prop
Geographical Information - Property and Equipment, Net (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Property plant and equipment, net | $ 283,946 | $ 297,919 |
United States [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Property plant and equipment, net | 280,225 | 294,708 |
All other countries [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Property plant and equipment, net | $ 3,721 | $ 3,211 |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) - SF Incubator, LLC and super.io, Inc., [Member] - USD ($) $ in Millions | Jun. 30, 2015 | Jun. 15, 2015 |
Related Party Transaction [Line Items] | ||
Business acquisition, assets assumed | $ 1 | |
Business acquisition, liabilities assumed | $ 0.4 | |
Business acquisition, stockholder's equity | $ 0.1 | |
Business acquisition, other current liabilities | $ 0.1 |