Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 29, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'JIVE | ' |
Entity Registrant Name | 'Jive Software, Inc. | ' |
Entity Central Index Key | '0001462633 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 69,239,915 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $42,606 | $48,955 |
Short-term marketable securities | 73,444 | 96,492 |
Accounts receivable, net of allowances of $332 and $218 | 40,037 | 54,200 |
Prepaid expenses and other current assets | 10,670 | 7,864 |
Total current assets | 166,757 | 207,511 |
Marketable securities, noncurrent | 35,990 | 22,607 |
Property and equipment, net of accumulated depreciation of $18,416 and $11,670 | 19,978 | 16,803 |
Goodwill | 29,753 | 23,435 |
Intangible assets, net of accumulated amortization of $11,302 and $7,538 | 15,536 | 11,710 |
Other assets | 589 | 214 |
Total assets | 268,603 | 282,280 |
Current Liabilities: | ' | ' |
Accounts payable | 10,438 | 9,557 |
Accrued payroll and related liabilities | 5,271 | 7,357 |
Other accrued liabilities | 6,635 | 7,123 |
Deferred revenue, current | 98,602 | 87,698 |
Term debt, current | 2,400 | 2,400 |
Total current liabilities | 123,346 | 114,135 |
Deferred revenue, less current portion | 29,142 | 29,349 |
Term debt, less current portion | 6,600 | 8,400 |
Other long-term liabilities | 1,310 | 538 |
Total liabilities | 160,398 | 152,422 |
Commitments and contingencies | ' | ' |
Stockholders' Equity: | ' | ' |
Common stock, $0.0001 par value. Authorized 290,000 shares; issued - 75,718 shares at September 30, 2013 and 72,312 at December 31, 2012; outstanding - 69,191 at September 30, 2013 and 65,399 at December 31, 2012 | 7 | 7 |
Less treasury stock at cost | -3,352 | -3,352 |
Additional paid-in capital | 316,554 | 285,332 |
Accumulated deficit | -205,246 | -152,160 |
Accumulated other comprehensive income | 242 | 31 |
Total stockholders' equity | 108,205 | 129,858 |
Total liabilities and stockholders' equity | $268,603 | $282,280 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Per Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Accounts receivable, allowances | $332 | $218 |
Property and equipment, accumulated depreciation | 18,416 | 11,670 |
Intangible assets, accumulated amortization | $11,302 | $7,538 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 290,000 | 290,000 |
Common stock, shares issued | 75,718 | 72,312 |
Common stock, shares outstanding | 69,191 | 65,399 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Revenues: | ' | ' | ' | ' |
Product | $33,456 | $25,861 | $95,678 | $71,436 |
Professional services | 3,903 | 3,012 | 10,775 | 9,705 |
Total revenues | 37,359 | 28,873 | 106,453 | 81,141 |
Cost of revenues: | ' | ' | ' | ' |
Product | 9,034 | 7,788 | 27,786 | 21,745 |
Professional services | 4,851 | 3,474 | 12,914 | 11,055 |
Total cost of revenues | 13,885 | 11,262 | 40,700 | 32,800 |
Gross profit | 23,474 | 17,611 | 65,753 | 48,341 |
Operating expenses: | ' | ' | ' | ' |
Research and development | 14,957 | 9,845 | 41,383 | 27,327 |
Sales and marketing | 20,804 | 14,800 | 60,148 | 40,737 |
General and administrative | 6,202 | 4,127 | 18,149 | 11,680 |
Total operating expenses | 41,963 | 28,772 | 119,680 | 79,744 |
Loss from operations | -18,489 | -11,161 | -53,927 | -31,403 |
Other income (expense), net: | ' | ' | ' | ' |
Interest income | 53 | 56 | 184 | 116 |
Interest expense | -54 | -93 | -234 | -325 |
Other, net | -186 | 42 | -295 | -4 |
Total other income (expense), net | -187 | 5 | -345 | -213 |
Loss before provision for (benefit from) income taxes | -18,676 | -11,156 | -54,272 | -31,616 |
Provision for (benefit from) income taxes | 29 | 132 | -1,186 | 246 |
Net loss | ($18,705) | ($11,288) | ($53,086) | ($31,862) |
Basic and diluted net loss per share | ($0.27) | ($0.18) | ($0.79) | ($0.51) |
Shares used in basic and diluted per share calculations | 68,167 | 62,921 | 66,913 | 62,100 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Loss (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net loss | ($18,705) | ($11,288) | ($53,086) | ($31,862) |
Other comprehensive income (loss): | ' | ' | ' | ' |
Foreign currency translation | 98 | -28 | 201 | -11 |
Cumulative unrealized gain on marketable securities | 98 | 39 | 10 | 30 |
Other comprehensive income | 196 | 11 | 211 | 19 |
Comprehensive loss | ($18,509) | ($11,277) | ($52,875) | ($31,843) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' |
Net loss | ($53,086) | ($31,862) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 11,802 | 7,170 |
Stock-based compensation | 24,508 | 12,277 |
Change in deferred taxes | -1,351 | ' |
(Increase) decrease, net of acquisitions, in: | ' | ' |
Accounts receivable, net | 14,163 | -3,876 |
Prepaid expenses and other assets | -2,716 | -2,292 |
Increase (decrease), net of acquisitions, in: | ' | ' |
Accounts payable | -333 | 4,122 |
Accrued payroll and related liabilities | -1,979 | -976 |
Other accrued liabilities | -626 | 56 |
Deferred revenue | 10,697 | 19,728 |
Other long-term liabilities | 196 | 405 |
Net cash provided by operating activities | 1,275 | 4,752 |
Cash flows from investing activities: | ' | ' |
Payments for purchase of property and equipment | -8,789 | -9,389 |
Purchases of marketable securities | -85,685 | -119,399 |
Sales of marketable securities | 29,533 | ' |
Maturities of marketable securities | 64,355 | ' |
Acquisitions, net of cash acquired | -11,047 | ' |
Net cash used in investing activities | -11,633 | -128,788 |
Cash flows from financing activities: | ' | ' |
Proceeds from exercise of stock options | 6,591 | 3,724 |
Taxes paid related to net share settlement of equity awards | -754 | ' |
Payments of initial public offering expenses | ' | -1,014 |
Repayments of term loans | -1,800 | -1,850 |
Net cash provided by financing activities | 4,037 | 860 |
Net decrease in cash and cash equivalents | -6,321 | -123,176 |
Effect of exchange rate changes | -28 | -1 |
Cash and cash equivalents, beginning of period | 48,955 | 180,649 |
Cash and cash equivalents, end of period | $42,606 | $57,472 |
Nature_of_Business
Nature of Business | 9 Months Ended | |
Sep. 30, 2013 | ||
Accounting Policies [Abstract] | ' | |
Nature of Business | ' | |
Note 1. | Nature of Business | |
Jive Software, Inc. and its subsidiaries provide a social business platform that improves business results by enabling a more productive and effective workforce through enhanced communications and collaboration both inside and outside the enterprise. Organizations deploy our platform to improve employee productivity, enhance revenue opportunities, lower operational costs, increase customer retention and improve strategic decision making. Our platform is offered on a subscription basis, deployable in a private or public cloud and used for internal or external communities. We generate revenues from platform license fees as well as from professional service fees for configuration, implementation and training. |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Basis of Presentation | ' | |||
Note 2. | Basis of Presentation | |||
The consolidated financial statements include the accounts of Jive Software, Inc. and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. | ||||
The accompanying consolidated financial statements and condensed footnotes have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. In the opinion of management, all adjustments considered necessary for fair presentation have been included. The results of operations for the three and nine-month periods ended September 30, 2013 are not necessarily indicative of the results to be expected for the full year. For further information, refer to the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012, which was filed with the Securities and Exchange Commission (“SEC”) on February 25, 2013. | ||||
The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities in the financial statements and the accompanying notes. Significant estimates include: | ||||
• | stock-based compensation; | |||
• | assumptions used in testing for impairment of goodwill and other long-lived assets; | |||
• | the useful lives of fixed assets; | |||
• | the recoverability of deferred income tax assets and liabilities; | |||
• | the allowance for doubtful accounts; | |||
• | research and development expenses related to the development of internal-use software; | |||
• | valuation of acquired intangibles; | |||
• | the fair value of contingent consideration; and | |||
• | estimates related to revenue recognition. | |||
Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements. |
Acquisitions
Acquisitions | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Business Combinations [Abstract] | ' | ||||||||
Acquisitions | ' | ||||||||
Note 3. | Acquisitions | ||||||||
Clara Ehf. (“Clara”) | |||||||||
On April 18, 2013, we acquired substantially all of the assets and certain related liabilities of Clara, a private limited company founded in Iceland that provides a cloud-based analytics tool that allows businesses to understand, monitor and actively engage with community members within online platforms. The total purchase consideration of approximately $6.5 million was comprised entirely of cash. | |||||||||
The allocation of the purchase price was as follows (dollars in thousands): | |||||||||
Useful Life | |||||||||
Current assets | $ | 81 | — | ||||||
Goodwill | 3,161 | — | |||||||
Other intangible assets: | |||||||||
Core technology | 2,315 | 5 years | |||||||
Covenant not to compete | 227 | 2 years | |||||||
Customer relationships | 570 | 3 years | |||||||
Trade names | 230 | 3 years | |||||||
3,342 | |||||||||
Current liabilities | (96 | ) | — | ||||||
Net assets acquired | $ | 6,488 | |||||||
The key factor attributable to the creation of goodwill by the transaction is the synergies created by the integration of the Clara analytics technology with our social platform, for both internal and external communities. All of the goodwill is expected to be deductible for income tax purposes. | |||||||||
The weighted average amortization period for all intangible assets acquired is 4.3 years. | |||||||||
Transaction costs of $0.2 million associated with the acquisition of Clara were expensed as incurred as a component of general and administrative expenses on our Consolidated Statements of Operations. | |||||||||
Clara’s results of operations have been included in our consolidated financial statements subsequent to the date of acquisition. Pro forma results of operations have not been presented because the effect of the acquisition was not material to prior period financial statements. Revenue and earnings information since the date of acquisition was not material to the current period financial statements. | |||||||||
StreamOnce, Inc. (“StreamOnce”) | |||||||||
On April 29, 2013, we acquired all of the outstanding shares of StreamOnce, whose product offers a platform that connects third-party information streams directly into our Jive Social Business Platform, integrating disparate information systems for increased productivity. The total initial purchase consideration was comprised of $4.7 million in cash and 532,952 shares of our common stock with a fair value on April 29, 2013 of $7.3 million. Of the 532,952 shares of common stock, 470,552 shares of common stock issued to certain StreamOnce employees vest over a two-year period contingent upon the continued employment of the recipients. The fair value of these shares on the grant date was $6.4 million, which is being recognized as stock-based compensation over the two-year vesting period. Additionally, certain StreamOnce employees may receive additional consideration, not to exceed $0.7 million, if our sales and customer count relating to the acquired business exceed certain thresholds over an 18-month period commencing as of the acquisition date (the “Earnout”). | |||||||||
We recorded a contingent consideration liability of approximately $0.6 million within other accrued liabilities in our Consolidated Balance Sheets as of the acquisition date related to the Earnout. The fair value of the liability was estimated using internal forecasts with inputs that are not observable in the market, and thus represents a Level 3 fair value measurement as defined within Note 8 of this Quarterly Report. The inputs in the Level 3 measurement are not supported by market activity, as they are probability assessments of expected future sales and customer count related to our acquisition of StreamOnce during the Earnout period. The Earnout is remeasured quarterly, with the change being reflected as a component of research and development in our Consolidated Statements of Operations. See Note 8 for additional information. | |||||||||
The allocation of the purchase price was as follows (dollars in thousands): | |||||||||
Cash paid | $ | 4,667 | |||||||
Value of common stock issued | 852 | ||||||||
Contingent consideration | 576 | ||||||||
Total transaction consideration: | $ | 6,095 | |||||||
Useful Life | |||||||||
Current assets | $ | 108 | — | ||||||
Goodwill | 3,157 | — | |||||||
Other intangible assets: | |||||||||
Core technology | 3,671 | 5 years | |||||||
Covenant not to compete | 459 | 3 years | |||||||
Trade names | 118 | 3 years | |||||||
4,248 | |||||||||
Current liabilities | (67 | ) | — | ||||||
Deferred tax liability | (1,351 | ) | — | ||||||
Net assets acquired | $ | 6,095 | |||||||
The goodwill recorded in connection with the acquisition of StreamOnce is primarily related to the ability of StreamOnce to increase viral adoption of the Jive platform within our customers by integrating their existing third-party business applications with our platform and from the expected synergies to be achieved in connection with the acquisition. None of the goodwill is expected to be deductible for income tax purposes. | |||||||||
The weighted average amortization period for all intangible assets acquired is 4.7 years. | |||||||||
In connection with the StreamOnce acquisition, a deferred tax liability of $1.4 million was established for the book and tax basis differences related to specifically identified non-goodwill intangibles. The net liability from the acquisition created an additional source of income to utilize our deferred tax assets and, therefore, a corresponding amount of the valuation allowance was released and recorded as a benefit from income taxes in the unaudited Consolidated Statement of Operations for the nine months ended September 30, 2013. | |||||||||
Transaction costs of $0.2 million associated with the acquisition of StreamOnce were expensed as incurred as a component of general and administrative expenses on our Consolidated Statements of Operations. | |||||||||
StreamOnce’s results of operations have been included in our Consolidated Financial Statements subsequent to the date of acquisition. Pro forma results of operations have not been presented because the effect of the acquisition was not material to prior period financial statements. Revenue and earnings information since the date of acquisition was not material to the current period financial statements. |
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||||||||
Note 4. | Stock-Based Compensation | ||||||||||||||||||||
Stock Plan and Option Activity | |||||||||||||||||||||
Certain information regarding stock option activity for the nine-month period ended September 30, 2013 and stock options outstanding as of September 30, 2013 was as follows: | |||||||||||||||||||||
Shares | Outstanding | Weighted | Weighted | Aggregate | |||||||||||||||||
Available | Stock | average | average | intrinsic | |||||||||||||||||
for Grant | Options | exercise | remaining | value | |||||||||||||||||
price | life | (in | |||||||||||||||||||
(in years) | thousands) | ||||||||||||||||||||
Balances, December 31, 2012 | 2,066,341 | 12,814,724 | $ | 4.93 | |||||||||||||||||
Additional shares reserved | 2,605,337 | ||||||||||||||||||||
Stock options granted | (632,376 | ) | 632,376 | 15.37 | |||||||||||||||||
Restricted stock units (“RSUs”) granted | (2,443,291 | ) | — | — | |||||||||||||||||
Performance stock units (“PSUs”) granted | (35,000 | ) | — | — | |||||||||||||||||
Forfeited – Stock options | 671,555 | (671,555 | ) | 10.2 | |||||||||||||||||
Forfeited – Restricted stock units | 321,863 | — | — | ||||||||||||||||||
Exercised | — | (2,605,722 | ) | 2.5 | |||||||||||||||||
Balances, September 30, 2013 | 2,554,429 | 10,169,823 | $ | 5.87 | 6.51 | $ | 73,378 | ||||||||||||||
Exercisable at September 30, 2013 | 6,436,869 | $ | 3.79 | 5.96 | $ | 57,935 | |||||||||||||||
Vested and expected to vest | 9,963,389 | $ | 5.76 | 6.5 | $ | 72,991 | |||||||||||||||
Restricted Stock Activity | |||||||||||||||||||||
Restricted stock results from the exercise of unvested restricted stock purchases (“RSPs”) and non-qualified stock options (“NSOs”) with reverse vesting provisions, and the grant of restricted stock awards (“RSAs”), PSUs, and RSUs. The shares of restricted stock vest over the period specified in the related RSP, NSO, RSA, PSU and RSU agreements. Restricted stock activity was as follows: | |||||||||||||||||||||
Number | Weighted average | ||||||||||||||||||||
of shares | grant date | ||||||||||||||||||||
fair value | |||||||||||||||||||||
Balances, December 31, 2012 | 2,681,944 | $ | 16.36 | ||||||||||||||||||
Granted RSUs | 2,443,291 | 15.25 | |||||||||||||||||||
Granted PSUs | 35,000 | 16.41 | |||||||||||||||||||
Vested | (707,312 | ) | 14.3 | ||||||||||||||||||
Forfeited - RSUs | (321,863 | ) | 18.08 | ||||||||||||||||||
Forfeited - RSAs | (85,997 | ) | 4.32 | ||||||||||||||||||
Balances, September 30, 2013 | 4,045,063 | $ | 16.22 | ||||||||||||||||||
All shares to be issued upon the exercise of stock options and the vesting of RSUs and PSUs will come from newly issued shares. | |||||||||||||||||||||
Our stock-based compensation expense was included in our Consolidated Statements of Operations as follows (in thousands): | |||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Cost of revenues | $ | 991 | $ | 627 | $ | 2,289 | $ | 1,413 | |||||||||||||
Research and development | 4,263 | 1,705 | 9,890 | 4,185 | |||||||||||||||||
Sales and marketing | 2,910 | 1,436 | 7,539 | 2,890 | |||||||||||||||||
General and administrative | 1,955 | 1,260 | 4,790 | 3,789 | |||||||||||||||||
$ | 10,119 | $ | 5,028 | $ | 24,508 | $ | 12,277 | ||||||||||||||
As of September 30, 2013, unrecognized stock-based compensation related to all stock-based awards was $89.4 million, which will be recognized over the weighted average remaining vesting period of 2.41 years. |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share | ' | ||||||||||||||||
Note 5. | Earnings Per Share | ||||||||||||||||
Since we were in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods. | |||||||||||||||||
The following table sets forth the computation of historical basic and diluted net loss per share (in thousands, except per share data): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | |||||||||||||||||
Net loss | $ | (18,705 | ) | $ | (11,288 | ) | $ | (53,086 | ) | $ | (31,862 | ) | |||||
Denominator: | |||||||||||||||||
Weighted-average common shares outstanding | 69,020 | 63,439 | 67,452 | 62,754 | |||||||||||||
Less: Weighted-average unvested common shares subject to repurchase or forfeiture | (853 | ) | (518 | ) | (539 | ) | (654 | ) | |||||||||
Weighted-average shares used to compute net loss per share, basic and diluted | 68,167 | 62,921 | 66,913 | 62,100 | |||||||||||||
Net loss per share, basic and diluted | $ | (0.27 | ) | $ | (0.18 | ) | $ | (0.79 | ) | $ | (0.51 | ) | |||||
Potentially dilutive securities that are not included in the diluted per share calculations because they would be anti-dilutive were as follows: | |||||||||||||||||
As of September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Shares subject to outstanding common stock options | 10,169,823 | 14,226,710 | |||||||||||||||
Unvested restricted common stock | 4,045,063 | 2,512,178 | |||||||||||||||
Common stock subject to repurchase | 718,616 | — | |||||||||||||||
14,933,502 | 16,738,888 | ||||||||||||||||
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||
Goodwill and Other Intangible Assets | ' | ||||||||||||||
Note 6. | Goodwill and Other Intangible Assets | ||||||||||||||
Goodwill | |||||||||||||||
The roll-forward of our activity related to goodwill was as follows (in thousands): | |||||||||||||||
Nine Months | Year Ended | ||||||||||||||
Ended | December 31, | ||||||||||||||
September 30, | 2012 | ||||||||||||||
2013 | |||||||||||||||
Balance, beginning of period | $ | 23,435 | $ | 17,265 | |||||||||||
Acquisition of Producteev | — | 4,186 | |||||||||||||
Acquisition of Bitplay (“Meetings.io”) | — | 1,984 | |||||||||||||
Acquisition of Clara | 3,161 | — | |||||||||||||
Acquisition of StreamOnce | 3,157 | — | |||||||||||||
Balance, end of period | $ | 29,753 | $ | 23,435 | |||||||||||
Other Intangible Assets | |||||||||||||||
The following table presents our intangible assets and their related useful lives (dollars in thousands): | |||||||||||||||
Useful | September 30, | December 31, | |||||||||||||
Life | 2013 | 2012 | |||||||||||||
Acquired technology | 5-7 years | $ | 20,441 | $ | 14,455 | ||||||||||
Accumulated amortization | (7,196 | ) | (4,650 | ) | |||||||||||
13,245 | 9,805 | ||||||||||||||
Perpetual software licenses | 2 years | 2,430 | 2,430 | ||||||||||||
Accumulated amortization | (2,430 | ) | (1,930 | ) | |||||||||||
— | 500 | ||||||||||||||
Covenant not to compete | 1-4 years | 2,028 | 1,342 | ||||||||||||
Accumulated amortization | (1,045 | ) | (677 | ) | |||||||||||
983 | 665 | ||||||||||||||
Other | 2-7 years | 1,939 | 1,021 | ||||||||||||
Accumulated amortization | (631 | ) | (281 | ) | |||||||||||
1,308 | 740 | ||||||||||||||
Total intangible assets, net | $ | 15,536 | $ | 11,710 | |||||||||||
Amortization expense related to intangible assets was as follows (in thousands): | |||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||
September 30, | September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
$1,228 | $ | 864 | $ | 3,764 | $ | 2,623 | |||||||||
Expected future amortization expense as of September 30, 2013 is as follows (in thousands): | |||||||||||||||
Remainder of 2013 | $ | 1,228 | |||||||||||||
2014 | 4,863 | ||||||||||||||
2015 | 4,622 | ||||||||||||||
2016 | 2,732 | ||||||||||||||
2017 | 1,715 | ||||||||||||||
Thereafter | 376 | ||||||||||||||
$ | 15,536 | ||||||||||||||
Cash_Cash_Equivalents_and_Mark
Cash, Cash Equivalents and Marketable Securities | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Cash And Cash Equivalents [Abstract] | ' | ||||||||||||||||
Cash, Cash Equivalents and Marketable Securities | ' | ||||||||||||||||
Note 7. | Cash, Cash Equivalents and Marketable Securities | ||||||||||||||||
Cash and cash equivalents and marketable securities consisted of the following (in thousands): | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Description | Cost | Unrealized | Unrealized | Estimated | |||||||||||||
Gains | Losses | Fair Value | |||||||||||||||
Cash | $ | 40,827 | $ | — | $ | — | $ | 40,827 | |||||||||
Cash equivalents: | |||||||||||||||||
Money market mutual funds | 1,779 | — | — | 1,779 | |||||||||||||
Total cash equivalents | 1,779 | — | — | 1,779 | |||||||||||||
Total cash and cash equivalents | 42,606 | — | — | 42,606 | |||||||||||||
Short-term marketable securities: | |||||||||||||||||
Commercial paper | 4,497 | — | — | 4,497 | |||||||||||||
Corporate notes and bonds | 44,409 | 6 | — | 44,415 | |||||||||||||
Government obligations | 2,706 | 1 | — | 2,707 | |||||||||||||
U.S. agency obligations | 21,824 | 1 | — | 21,825 | |||||||||||||
Total short-term marketable securities | 73,436 | 8 | — | 73,444 | |||||||||||||
Marketable securities, noncurrent: | |||||||||||||||||
Corporate notes and bonds | 8,308 | 3 | — | 8,311 | |||||||||||||
U.S. agency obligations | 27,654 | 25 | — | 27,679 | |||||||||||||
Total marketable securities, noncurrent | 35,962 | 28 | — | 35,990 | |||||||||||||
Cash, cash equivalents, short-term marketable securities and marketable securities, noncurrent | $ | 152,004 | $ | 36 | $ | — | $ | 152,040 | |||||||||
December 31, 2012 | |||||||||||||||||
Description | Cost | Unrealized | Unrealized | Estimated | |||||||||||||
Gains | Losses | Fair Value | |||||||||||||||
Cash | $ | 48,447 | $ | — | $ | — | $ | 48,447 | |||||||||
Cash equivalents: | |||||||||||||||||
Money market mutual funds | 452 | — | — | 452 | |||||||||||||
Corporate notes and bonds | 56 | — | — | 56 | |||||||||||||
Total cash equivalents | 508 | — | — | 508 | |||||||||||||
Total cash and cash equivalents | 48,955 | — | — | 48,955 | |||||||||||||
Short-term marketable securities: | |||||||||||||||||
Commercial paper | 8,493 | — | — | 8,493 | |||||||||||||
Corporate notes and bonds | 34,637 | 1 | — | 34,638 | |||||||||||||
Government obligations | 10,104 | 2 | — | 10,106 | |||||||||||||
U.S. agency obligations | 43,231 | 24 | — | 43,255 | |||||||||||||
Total short-term marketable securities | 96,465 | 27 | — | 96,492 | |||||||||||||
Marketable securities, noncurrent: | |||||||||||||||||
Corporate notes and bonds | 14,386 | — | 2 | 14,384 | |||||||||||||
Government obligations | 2,721 | 1 | — | 2,722 | |||||||||||||
U.S. agency obligations | 5,499 | 2 | — | 5,501 | |||||||||||||
Total marketable securities, noncurrent | 22,606 | 3 | 2 | 22,607 | |||||||||||||
Cash, cash equivalents, short-term marketable securities and marketable securities, noncurrent | $ | 168,026 | $ | 30 | $ | 2 | $ | 168,054 | |||||||||
As of September 30, 2013 and December 31, 2012, we did not consider any of our investments to be other-than-temporarily impaired. | |||||||||||||||||
As of September 30, 2013, the following table summarizes the estimated fair value of our investments in marketable securities, all of which are considered available-for-sale, classified by the contractual maturity date (in thousands): | |||||||||||||||||
Due within 1 year | $ | 73,444 | |||||||||||||||
Due within 1 year through 2 years | 35,990 | ||||||||||||||||
Total marketable securities | $ | 109,434 | |||||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
Note 8. | Fair Value Measurements | ||||||||||||||||
Factors used in determining the fair value of financial assets and liabilities are summarized into three broad categories: | |||||||||||||||||
• | Level 1 – quoted prices in active markets for identical securities as of the reporting date; | ||||||||||||||||
• | Level 2 – other significant directly or indirectly observable inputs, including quoted prices for similar securities, interest rates, prepayment speeds and credit risk; and | ||||||||||||||||
• | Level 3 – significant inputs that are generally less observable than objective sources, including our own assumptions in determining fair value. | ||||||||||||||||
The factors or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. | |||||||||||||||||
The following tables present our financial assets that are measured at fair value on a recurring basis (in thousands): | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | |||||||||||||||||
Money market mutual funds | $ | 1,779 | $ | — | $ | — | $ | 1,779 | |||||||||
Marketable securities | |||||||||||||||||
Commercial paper | — | 4,497 | — | 4,497 | |||||||||||||
Corporate notes and bonds | — | 52,726 | — | 52,726 | |||||||||||||
Government obligations | — | 2,707 | — | 2,707 | |||||||||||||
U.S. government and agency | — | 49,504 | — | 49,504 | |||||||||||||
— | 109,434 | — | 109,434 | ||||||||||||||
Total | $ | 1,779 | $ | 109,434 | $ | — | $ | 111,213 | |||||||||
Liabilities: | |||||||||||||||||
Contingent consideration | |||||||||||||||||
Earnout liability | $ | — | $ | — | $ | 626 | $ | 626 | |||||||||
December 31, 2012 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | |||||||||||||||||
Money market mutual funds | $ | 56 | $ | — | $ | — | $ | 56 | |||||||||
Corporate notes and bonds | — | 452 | — | 452 | |||||||||||||
56 | 452 | — | 508 | ||||||||||||||
Marketable securities | |||||||||||||||||
Commercial paper | — | 8,493 | — | 8,493 | |||||||||||||
Corporate notes and bonds | — | 49,022 | — | 49,022 | |||||||||||||
Government obligations | — | 12,828 | — | 12,828 | |||||||||||||
U.S. government and agency | — | 48,756 | — | 48,756 | |||||||||||||
— | 119,099 | — | 119,099 | ||||||||||||||
Total | $ | 56 | $ | 119,551 | $ | — | $ | 119,607 | |||||||||
The following table summarizes our Level 3 activity for our contingent consideration liability (in thousands): | |||||||||||||||||
Level 3 | |||||||||||||||||
Balance at December 31, 2012 and March 31, 2013 | $ | — | |||||||||||||||
Addition related to Earnout for StreamOnce acquisition | 576 | ||||||||||||||||
Increase in Earnout due to re-measurement | 19 | ||||||||||||||||
Balance at June 30, 2013 | 595 | ||||||||||||||||
Increase in Earnout due to re-measurement | 31 | ||||||||||||||||
Balance at September 30, 2013 | $ | 626 | |||||||||||||||
We classify our marketable securities as available-for-sale and, accordingly, record them at fair value based on quoted market prices. Unrealized holding gains and losses are excluded from earnings and are reported as a separate component of stockholders’ equity until realized. See the Consolidated Statements of Comprehensive Loss. | |||||||||||||||||
During the three and nine-month periods ended September 30, 2013 and 2012, we did not record any other-than-temporary impairments on those financial assets required to be measured at fair value on a nonrecurring basis. | |||||||||||||||||
We recognize or disclose the fair value of certain assets such as non-financial assets, primarily long-lived assets, goodwill, intangible assets and certain other assets in connection with impairment evaluations. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy. | |||||||||||||||||
The carrying value of our term loan approximates its fair value and falls under Level 2 of the fair value hierarchy, as the interest rate is variable and based on current market rates. | |||||||||||||||||
Our contingent consideration was re-measured at fair value as of September 30, 2013 and falls under Level 3 of the fair value hierarchy, as the forecasted bookings and customer count are based on internal forecasts, and are not directly observable. | |||||||||||||||||
We did not have any financial liabilities that were measured at fair value on a recurring basis at December 31, 2012. | |||||||||||||||||
There were no changes to our valuation techniques during the first nine months of 2013. |
LongTerm_Debt
Long-Term Debt | 9 Months Ended | |
Sep. 30, 2013 | ||
Debt Disclosure [Abstract] | ' | |
Long-Term Debt | ' | |
Note 9. | Long-Term Debt | |
At September 30, 2013, we had $1 million of outstanding letters of credit, no revolving loans outstanding and $9.0 million of term loans outstanding at an interest rate of 2.26%. We were in compliance with all covenants as of September 30, 2013. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | |
Sep. 30, 2013 | ||
Commitments And Contingencies Disclosure [Abstract] | ' | |
Commitments and Contingencies | ' | |
Note 10. | Commitments and Contingencies | |
In addition to $23 million in future payments under our operating leases, we have commitments under non-cancelable purchase orders or vendor agreements, primarily relating to our annual user conference and service partner contractual minimums, of $2.7 million at September 30, 2013. The non-cancelable purchase order and vendor agreement commitments will be filled at various times through the second quarter of 2017, and our longest operating lease expires in September 2018. | ||
Legal Matters | ||
In October 2012, Bascom Research, LLC filed a complaint for patent infringement against us, among others, in the United States District Court for the Eastern District of Virginia, captioned Bascom Research, LLC v. Jive Software, Inc., Civil Case No. 1:12CV1114. In May 2013, we entered into a settlement and license agreement with Bascom. The cost of such settlement was consistent with amounts accrued for settlement and was not material to our business, financial condition, or results of operations. |
Statements_of_Cash_Flows
Statements of Cash Flows | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||||||
Statements of Cash Flows | ' | ||||||||||||||||
Note 11. | Statements of Cash Flows | ||||||||||||||||
The summary of supplemental cash flows information is as follows (in thousands): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Supplemental Cash Flow Information | |||||||||||||||||
Cash paid for interest | $ | 62 | $ | 89 | $ | 186 | $ | 397 | |||||||||
Cash paid for income taxes | 171 | 26 | 224 | 141 | |||||||||||||
Supplemental Non-Cash Information | |||||||||||||||||
Common stock issued in connection with acquisition of StreamOnce | $ | — | $ | — | $ | 852 | $ | — |
RelatedParty_Transactions
Related-Party Transactions | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Related Party Transactions [Abstract] | ' | ||||||||||||||||
Related-Party Transactions | ' | ||||||||||||||||
Note 12. | Related-Party Transactions | ||||||||||||||||
Certain members of our board of directors also serve on the board of directors of certain of our customers and in some cases are also investors of these customers. We believe the transactions between these customers and us were carried out on an arm’s-length basis and that the pricing is consistent with similar transactions with other of our comparable customers. Certain information regarding these customers was as follows (in thousands): | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Accounts receivable | $ | 1,349 | $ | 308 | |||||||||||||
Current deferred revenue | 1,131 | 1,043 | |||||||||||||||
Non-current deferred revenue | 1,084 | 598 | |||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Revenues | $ | 474 | $ | 152 | $ | 1,262 | $ | 390 |
New_Accounting_Pronouncements
New Accounting Pronouncements | 9 Months Ended | |
Sep. 30, 2013 | ||
Accounting Changes And Error Corrections [Abstract] | ' | |
New Accounting Pronouncements | ' | |
Note 13. | New Accounting Pronouncements | |
Accounting Pronouncements Not Yet Adopted | ||
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 amends the guidance related to the presentation of unrecognized tax benefits and allows for the reduction of a deferred tax asset for a net operating loss (“NOL”) carryforward whenever the NOL or tax credit carryforward would be available to reduce the additional taxable income or tax due if the tax position is disallowed. ASU 2013-11 is effective for annual and interim periods for fiscal years beginning after December 15, 2013, and early adoption is permitted. Since ASU 2013-11 relates only to the presentation of unrecognized tax benefits, we do not expect our adoption of ASU 2013-11 in January 2014 will have a material effect on our financial position, results of operations or cash flows. | ||
Recently Adopted Accounting Pronouncements | ||
In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” Under ASU 2013-02, an entity is required to provide information about the amounts reclassified out of Accumulated Other Comprehensive Income (“AOCI”) by component. In addition, an entity is required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income, but only if the amount reclassified is required to be reclassified in its entirety in the same reporting period. For | ||
amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. ASU 2013-02 does not change the current requirements for reporting net income or other comprehensive income in the financial statements. We adopted ASU 2013-02 effective January 1, 2013. However, we did not have any reclassifications during the first nine months of 2013 that would require additional disclosure under this pronouncement. | ||
In July 2012, the FASB issued ASU 2012-02, “Intangibles – Goodwill and Other: Testing Indefinite-Lived Intangible Assets for Impairment,” which permits an entity to make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset, other than goodwill, is impaired. Entities are required to test indefinite-lived intangible assets for impairment at least annually and more frequently if indicators of impairment exist. If an entity concludes, based on an evaluation of all relevant qualitative factors, that it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, it is not required to perform the quantitative impairment test for that asset. Because the qualitative assessment is optional, an entity is permitted to bypass it for any indefinite-lived intangible asset in any period and apply the quantitative test. ASU 2012-02 also permits the entity to resume performing the qualitative assessment in any subsequent period. ASU 2012-02 is effective for impairment tests performed for fiscal years beginning after September 15, 2012 and early adoption is permitted. The adoption of ASU 2012-02 effective January 1, 2013 did not have any effect on our financial position, results of operations or cash flows. |
Acquisitions_Tables
Acquisitions (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Clara Ehf. ("Clara") [Member] | ' | ||||||||
Allocation of Purchase Price | ' | ||||||||
The allocation of the purchase price was as follows (dollars in thousands): | |||||||||
Useful Life | |||||||||
Current assets | $ | 81 | — | ||||||
Goodwill | 3,161 | — | |||||||
Other intangible assets: | |||||||||
Core technology | 2,315 | 5 years | |||||||
Covenant not to compete | 227 | 2 years | |||||||
Customer relationships | 570 | 3 years | |||||||
Trade names | 230 | 3 years | |||||||
3,342 | |||||||||
Current liabilities | (96 | ) | — | ||||||
Net assets acquired | $ | 6,488 | |||||||
StreamOnce, Inc. [Member] | ' | ||||||||
Allocation of Purchase Price | ' | ||||||||
The allocation of the purchase price was as follows (dollars in thousands): | |||||||||
Cash paid | $ | 4,667 | |||||||
Value of common stock issued | 852 | ||||||||
Contingent consideration | 576 | ||||||||
Total transaction consideration: | $ | 6,095 | |||||||
Useful Life | |||||||||
Current assets | $ | 108 | — | ||||||
Goodwill | 3,157 | — | |||||||
Other intangible assets: | |||||||||
Core technology | 3,671 | 5 years | |||||||
Covenant not to compete | 459 | 3 years | |||||||
Trade names | 118 | 3 years | |||||||
4,248 | |||||||||
Current liabilities | (67 | ) | — | ||||||
Deferred tax liability | (1,351 | ) | — | ||||||
Net assets acquired | $ | 6,095 | |||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||
Stock Option Activity and Stock Options Outstanding | ' | ||||||||||||||||||||
Certain information regarding stock option activity for the nine-month period ended September 30, 2013 and stock options outstanding as of September 30, 2013 was as follows: | |||||||||||||||||||||
Shares | Outstanding | Weighted | Weighted | Aggregate | |||||||||||||||||
Available | Stock | average | average | intrinsic | |||||||||||||||||
for Grant | Options | exercise | remaining | value | |||||||||||||||||
price | life | (in | |||||||||||||||||||
(in years) | thousands) | ||||||||||||||||||||
Balances, December 31, 2012 | 2,066,341 | 12,814,724 | $ | 4.93 | |||||||||||||||||
Additional shares reserved | 2,605,337 | ||||||||||||||||||||
Stock options granted | (632,376 | ) | 632,376 | 15.37 | |||||||||||||||||
Restricted stock units (“RSUs”) granted | (2,443,291 | ) | — | — | |||||||||||||||||
Performance stock units (“PSUs”) granted | (35,000 | ) | — | — | |||||||||||||||||
Forfeited – Stock options | 671,555 | (671,555 | ) | 10.2 | |||||||||||||||||
Forfeited – Restricted stock units | 321,863 | — | — | ||||||||||||||||||
Exercised | — | (2,605,722 | ) | 2.5 | |||||||||||||||||
Balances, September 30, 2013 | 2,554,429 | 10,169,823 | $ | 5.87 | 6.51 | $ | 73,378 | ||||||||||||||
Exercisable at September 30, 2013 | 6,436,869 | $ | 3.79 | 5.96 | $ | 57,935 | |||||||||||||||
Vested and expected to vest | 9,963,389 | $ | 5.76 | 6.5 | $ | 72,991 | |||||||||||||||
Schedule of Restricted Stock Activity | ' | ||||||||||||||||||||
The shares of restricted stock vest over the period specified in the related RSP, NSO, RSA, PSU and RSU agreements. Restricted stock activity was as follows: | |||||||||||||||||||||
Number | Weighted average | ||||||||||||||||||||
of shares | grant date | ||||||||||||||||||||
fair value | |||||||||||||||||||||
Balances, December 31, 2012 | 2,681,944 | $ | 16.36 | ||||||||||||||||||
Granted RSUs | 2,443,291 | 15.25 | |||||||||||||||||||
Granted PSUs | 35,000 | 16.41 | |||||||||||||||||||
Vested | (707,312 | ) | 14.3 | ||||||||||||||||||
Forfeited - RSUs | (321,863 | ) | 18.08 | ||||||||||||||||||
Forfeited - RSAs | (85,997 | ) | 4.32 | ||||||||||||||||||
Balances, September 30, 2013 | 4,045,063 | $ | 16.22 | ||||||||||||||||||
Stock-Based Compensation Expense Included in Consolidated Statements of Operations | ' | ||||||||||||||||||||
Our stock-based compensation expense was included in our Consolidated Statements of Operations as follows (in thousands): | |||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Cost of revenues | $ | 991 | $ | 627 | $ | 2,289 | $ | 1,413 | |||||||||||||
Research and development | 4,263 | 1,705 | 9,890 | 4,185 | |||||||||||||||||
Sales and marketing | 2,910 | 1,436 | 7,539 | 2,890 | |||||||||||||||||
General and administrative | 1,955 | 1,260 | 4,790 | 3,789 | |||||||||||||||||
$ | 10,119 | $ | 5,028 | $ | 24,508 | $ | 12,277 | ||||||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Historical Basic and Diluted Net Loss Per Share | ' | ||||||||||||||||
The following table sets forth the computation of historical basic and diluted net loss per share (in thousands, except per share data): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | |||||||||||||||||
Net loss | $ | (18,705 | ) | $ | (11,288 | ) | $ | (53,086 | ) | $ | (31,862 | ) | |||||
Denominator: | |||||||||||||||||
Weighted-average common shares outstanding | 69,020 | 63,439 | 67,452 | 62,754 | |||||||||||||
Less: Weighted-average unvested common shares subject to repurchase or forfeiture | (853 | ) | (518 | ) | (539 | ) | (654 | ) | |||||||||
Weighted-average shares used to compute net loss per share, basic and diluted | 68,167 | 62,921 | 66,913 | 62,100 | |||||||||||||
Net loss per share, basic and diluted | $ | (0.27 | ) | $ | (0.18 | ) | $ | (0.79 | ) | $ | (0.51 | ) | |||||
Summary of Potentially Dilutive Securities that are Not Included in Diluted per Share | ' | ||||||||||||||||
Potentially dilutive securities that are not included in the diluted per share calculations because they would be anti-dilutive were as follows: | |||||||||||||||||
As of September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Shares subject to outstanding common stock options | 10,169,823 | 14,226,710 | |||||||||||||||
Unvested restricted common stock | 4,045,063 | 2,512,178 | |||||||||||||||
Common stock subject to repurchase | 718,616 | — | |||||||||||||||
14,933,502 | 16,738,888 | ||||||||||||||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||
Goodwill | ' | ||||||||||||||
The roll-forward of our activity related to goodwill was as follows (in thousands): | |||||||||||||||
Nine Months | Year Ended | ||||||||||||||
Ended | December 31, | ||||||||||||||
September 30, | 2012 | ||||||||||||||
2013 | |||||||||||||||
Balance, beginning of period | $ | 23,435 | $ | 17,265 | |||||||||||
Acquisition of Producteev | — | 4,186 | |||||||||||||
Acquisition of Bitplay (“Meetings.io”) | — | 1,984 | |||||||||||||
Acquisition of Clara | 3,161 | — | |||||||||||||
Acquisition of StreamOnce | 3,157 | — | |||||||||||||
Balance, end of period | $ | 29,753 | $ | 23,435 | |||||||||||
Intangible Assets and their Related Useful Lives | ' | ||||||||||||||
The following table presents our intangible assets and their related useful lives (dollars in thousands): | |||||||||||||||
Useful | September 30, | December 31, | |||||||||||||
Life | 2013 | 2012 | |||||||||||||
Acquired technology | 5-7 years | $ | 20,441 | $ | 14,455 | ||||||||||
Accumulated amortization | (7,196 | ) | (4,650 | ) | |||||||||||
13,245 | 9,805 | ||||||||||||||
Perpetual software licenses | 2 years | 2,430 | 2,430 | ||||||||||||
Accumulated amortization | (2,430 | ) | (1,930 | ) | |||||||||||
— | 500 | ||||||||||||||
Covenant not to compete | 1-4 years | 2,028 | 1,342 | ||||||||||||
Accumulated amortization | (1,045 | ) | (677 | ) | |||||||||||
983 | 665 | ||||||||||||||
Other | 2-7 years | 1,939 | 1,021 | ||||||||||||
Accumulated amortization | (631 | ) | (281 | ) | |||||||||||
1,308 | 740 | ||||||||||||||
Total intangible assets, net | $ | 15,536 | $ | 11,710 | |||||||||||
Amortization Expense Related to Intangible Assets | ' | ||||||||||||||
Amortization expense related to intangible assets was as follows (in thousands): | |||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||
September 30, | September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
$1,228 | $ | 864 | $ | 3,764 | $ | 2,623 | |||||||||
Expected Future Amortization Expense | ' | ||||||||||||||
Expected future amortization expense as of September 30, 2013 is as follows (in thousands): | |||||||||||||||
Remainder of 2013 | $ | 1,228 | |||||||||||||
2014 | 4,863 | ||||||||||||||
2015 | 4,622 | ||||||||||||||
2016 | 2,732 | ||||||||||||||
2017 | 1,715 | ||||||||||||||
Thereafter | 376 | ||||||||||||||
$ | 15,536 | ||||||||||||||
Cash_Cash_Equivalents_and_Mark1
Cash, Cash Equivalents and Marketable Securities (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Cash And Cash Equivalents [Abstract] | ' | ||||||||||||||||
Cash and Cash Equivalents and Marketable Securities | ' | ||||||||||||||||
Cash and cash equivalents and marketable securities consisted of the following (in thousands): | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Description | Cost | Unrealized | Unrealized | Estimated | |||||||||||||
Gains | Losses | Fair Value | |||||||||||||||
Cash | $ | 40,827 | $ | — | $ | — | $ | 40,827 | |||||||||
Cash equivalents: | |||||||||||||||||
Money market mutual funds | 1,779 | — | — | 1,779 | |||||||||||||
Total cash equivalents | 1,779 | — | — | 1,779 | |||||||||||||
Total cash and cash equivalents | 42,606 | — | — | 42,606 | |||||||||||||
Short-term marketable securities: | |||||||||||||||||
Commercial paper | 4,497 | — | — | 4,497 | |||||||||||||
Corporate notes and bonds | 44,409 | 6 | — | 44,415 | |||||||||||||
Government obligations | 2,706 | 1 | — | 2,707 | |||||||||||||
U.S. agency obligations | 21,824 | 1 | — | 21,825 | |||||||||||||
Total short-term marketable securities | 73,436 | 8 | — | 73,444 | |||||||||||||
Marketable securities, noncurrent: | |||||||||||||||||
Corporate notes and bonds | 8,308 | 3 | — | 8,311 | |||||||||||||
U.S. agency obligations | 27,654 | 25 | — | 27,679 | |||||||||||||
Total marketable securities, noncurrent | 35,962 | 28 | — | 35,990 | |||||||||||||
Cash, cash equivalents, short-term marketable securities and marketable securities, noncurrent | $ | 152,004 | $ | 36 | $ | — | $ | 152,040 | |||||||||
December 31, 2012 | |||||||||||||||||
Description | Cost | Unrealized | Unrealized | Estimated | |||||||||||||
Gains | Losses | Fair Value | |||||||||||||||
Cash | $ | 48,447 | $ | — | $ | — | $ | 48,447 | |||||||||
Cash equivalents: | |||||||||||||||||
Money market mutual funds | 452 | — | — | 452 | |||||||||||||
Corporate notes and bonds | 56 | — | — | 56 | |||||||||||||
Total cash equivalents | 508 | — | — | 508 | |||||||||||||
Total cash and cash equivalents | 48,955 | — | — | 48,955 | |||||||||||||
Short-term marketable securities: | |||||||||||||||||
Commercial paper | 8,493 | — | — | 8,493 | |||||||||||||
Corporate notes and bonds | 34,637 | 1 | — | 34,638 | |||||||||||||
Government obligations | 10,104 | 2 | — | 10,106 | |||||||||||||
U.S. agency obligations | 43,231 | 24 | — | 43,255 | |||||||||||||
Total short-term marketable securities | 96,465 | 27 | — | 96,492 | |||||||||||||
Marketable securities, noncurrent: | |||||||||||||||||
Corporate notes and bonds | 14,386 | — | 2 | 14,384 | |||||||||||||
Government obligations | 2,721 | 1 | — | 2,722 | |||||||||||||
U.S. agency obligations | 5,499 | 2 | — | 5,501 | |||||||||||||
Total marketable securities, noncurrent | 22,606 | 3 | 2 | 22,607 | |||||||||||||
Cash, cash equivalents, short-term marketable securities and marketable securities, noncurrent | $ | 168,026 | $ | 30 | $ | 2 | $ | 168,054 | |||||||||
Estimated Fair Value of Investments in Marketable Securities, Available-for-Sale, Classified by Contractual Maturity Date | ' | ||||||||||||||||
As of September 30, 2013, the following table summarizes the estimated fair value of our investments in marketable securities, all of which are considered available-for-sale, classified by the contractual maturity date (in thousands): | |||||||||||||||||
Due within 1 year | $ | 73,444 | |||||||||||||||
Due within 1 year through 2 years | 35,990 | ||||||||||||||||
Total marketable securities | $ | 109,434 | |||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Financial Assets Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
The following tables present our financial assets that are measured at fair value on a recurring basis (in thousands): | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | |||||||||||||||||
Money market mutual funds | $ | 1,779 | $ | — | $ | — | $ | 1,779 | |||||||||
Marketable securities | |||||||||||||||||
Commercial paper | — | 4,497 | — | 4,497 | |||||||||||||
Corporate notes and bonds | — | 52,726 | — | 52,726 | |||||||||||||
Government obligations | — | 2,707 | — | 2,707 | |||||||||||||
U.S. government and agency | — | 49,504 | — | 49,504 | |||||||||||||
— | 109,434 | — | 109,434 | ||||||||||||||
Total | $ | 1,779 | $ | 109,434 | $ | — | $ | 111,213 | |||||||||
Liabilities: | |||||||||||||||||
Contingent consideration | |||||||||||||||||
Earnout liability | $ | — | $ | — | $ | 626 | $ | 626 | |||||||||
December 31, 2012 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | |||||||||||||||||
Money market mutual funds | $ | 56 | $ | — | $ | — | $ | 56 | |||||||||
Corporate notes and bonds | — | 452 | — | 452 | |||||||||||||
56 | 452 | — | 508 | ||||||||||||||
Marketable securities | |||||||||||||||||
Commercial paper | — | 8,493 | — | 8,493 | |||||||||||||
Corporate notes and bonds | — | 49,022 | — | 49,022 | |||||||||||||
Government obligations | — | 12,828 | — | 12,828 | |||||||||||||
U.S. government and agency | — | 48,756 | — | 48,756 | |||||||||||||
— | 119,099 | — | 119,099 | ||||||||||||||
Total | $ | 56 | $ | 119,551 | $ | — | $ | 119,607 | |||||||||
Summary of Contingent Consideration Liability | ' | ||||||||||||||||
The following table summarizes our Level 3 activity for our contingent consideration liability (in thousands): | |||||||||||||||||
Level 3 | |||||||||||||||||
Balance at December 31, 2012 and March 31, 2013 | $ | — | |||||||||||||||
Addition related to Earnout for StreamOnce acquisition | 576 | ||||||||||||||||
Increase in Earnout due to re-measurement | 19 | ||||||||||||||||
Balance at June 30, 2013 | 595 | ||||||||||||||||
Increase in Earnout due to re-measurement | 31 | ||||||||||||||||
Balance at September 30, 2013 | $ | 626 | |||||||||||||||
Statements_of_Cash_Flows_Table
Statements of Cash Flows (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||||||
Summary of Supplemental Cash Flows Information | ' | ||||||||||||||||
The summary of supplemental cash flows information is as follows (in thousands): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Supplemental Cash Flow Information | |||||||||||||||||
Cash paid for interest | $ | 62 | $ | 89 | $ | 186 | $ | 397 | |||||||||
Cash paid for income taxes | 171 | 26 | 224 | 141 | |||||||||||||
Supplemental Non-Cash Information | |||||||||||||||||
Common stock issued in connection with acquisition of StreamOnce | $ | — | $ | — | $ | 852 | $ | — |
RelatedParty_Transactions_Tabl
Related-Party Transactions (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Related Party Transactions [Abstract] | ' | ||||||||||||||||
Schedule of Information Regarding Related Parties | ' | ||||||||||||||||
Certain information regarding these customers was as follows (in thousands): | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Accounts receivable | $ | 1,349 | $ | 308 | |||||||||||||
Current deferred revenue | 1,131 | 1,043 | |||||||||||||||
Non-current deferred revenue | 1,084 | 598 | |||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Revenues | $ | 474 | $ | 152 | $ | 1,262 | $ | 390 |
Acquisitions_Additional_Inform
Acquisitions - Additional Information (Detail) (USD $) | 9 Months Ended | 1 Months Ended | 9 Months Ended | |
Sep. 30, 2013 | Apr. 18, 2013 | Apr. 29, 2013 | Sep. 30, 2013 | |
Clara Ehf. ("Clara") [Member] | Clara Ehf. ("Clara") [Member] | StreamOnce, Inc. [Member] | StreamOnce, Inc. [Member] | |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Total purchase consideration | $6,488,000 | $6,500,000 | ' | $6,095,000 |
Weighted average amortization period for intangible assets acquired | '4 years 3 months 18 days | ' | ' | '4 years 8 months 12 days |
Transaction costs related to acquisition | 200,000 | ' | ' | 200,000 |
Purchase price consideration paid in cash | ' | ' | 4,667,000 | ' |
Common stock issued in connection with acquisition | ' | ' | 532,952 | ' |
Purchase consideration paid in common stock | ' | ' | 7,300,000 | ' |
Number of restricted common stock issued | ' | ' | 470,552 | ' |
Vesting period of restricted common stock | ' | ' | '2 years | ' |
Fair value of restricted common stock on grant date | ' | ' | 6,400,000 | ' |
Vesting period to recognize expense | ' | ' | '2 years | ' |
Additional consideration for employees | ' | ' | ' | 700,000 |
Contingent consideration | ' | ' | 576,000 | ' |
Deferred tax liability | ' | ' | ' | $1,351,000 |
Acquisitions_Allocation_of_Pur
Acquisitions - Allocation of Purchase Price (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||
In Thousands, unless otherwise specified | Apr. 29, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 18, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
StreamOnce, Inc. [Member] | StreamOnce, Inc. [Member] | StreamOnce, Inc. [Member] | StreamOnce, Inc. [Member] | StreamOnce, Inc. [Member] | Clara Ehf. ("Clara") [Member] | Clara Ehf. ("Clara") [Member] | Clara Ehf. ("Clara") [Member] | Clara Ehf. ("Clara") [Member] | Clara Ehf. ("Clara") [Member] | Clara Ehf. ("Clara") [Member] | |
Core technology [Member] | Covenant not to compete [Member] | Trade names [Member] | Core technology [Member] | Covenant not to compete [Member] | Customer relationships [Member] | Trade names [Member] | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current assets | ' | $108 | ' | ' | ' | $81 | ' | ' | ' | ' | ' |
Goodwill | ' | 3,157 | ' | ' | ' | 3,161 | ' | ' | ' | ' | ' |
Other intangible assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other intangible assets | ' | 4,248 | 3,671 | 459 | 118 | 3,342 | ' | 2,315 | 227 | 570 | 230 |
Current liabilities | ' | -67 | ' | ' | ' | -96 | ' | ' | ' | ' | ' |
Deferred tax liability | ' | -1,351 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net assets acquired | ' | 6,095 | ' | ' | ' | 6,488 | 6,500 | ' | ' | ' | ' |
Intangible assets, Useful Life | ' | ' | '5 years | '3 years | '3 years | ' | ' | '5 years | '2 years | '3 years | '3 years |
Cash paid | 4,667 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Value of common stock issued | 852 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contingent consideration | 576 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total transaction consideration: | $6,095 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
StockBased_Compensation_Stock_
Stock-Based Compensation - Stock Option Activity and Stock Options Outstanding (Detail) (USD $) | 9 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Beginning balance, Shares Available for Grant | 2,066,341 |
Additional shares reserved, Shares Available for Grant | 2,605,337 |
Stock options granted, Shares Available for Grant | -632,376 |
Exercised, Shares Available for Grant | ' |
Ending balance, Shares Available for Grant | 2,554,429 |
Beginning balance, Outstanding Stock Options | 12,814,724 |
Stock options granted, Outstanding Stock Options | 632,376 |
Exercised, Outstanding Stock Options | -2,605,722 |
Ending balance, Outstanding Stock Options | 10,169,823 |
Exercisable at September 30, 2013, Outstanding Stock Options | 6,436,869 |
Vested and expected to vest, Outstanding Stock Options | 9,963,389 |
Beginning balance, Weighted average exercise price | $4.93 |
Stock options granted, Weighted average exercise price | $15.37 |
Exercised, Weighted average exercise price | $2.50 |
Ending balance, Weighted average exercise price | $5.87 |
Exercisable at September 30, 2013, Weighted average exercise price | $3.79 |
Vested and expected to vest, Weighted average exercise price | $5.76 |
Balances, September 30, 2013, Weighted average remaining life (in years) | '6 years 6 months 4 days |
Exercisable at September 30, 2013, Weighted average remaining life (in years) | '5 years 11 months 16 days |
Vested and expected to vest, Weighted average remaining life (in years) | '6 years 6 months |
Aggregate intrinsic value, Balances, September 30, 2013 | $73,378 |
Aggregate intrinsic value, Exercisable at September 30, 2013 | 57,935 |
Aggregate intrinsic value, Vested and expected to vest | $72,991 |
Stock options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Forfeited, Shares Available for Grant | 671,555 |
Forfeited, Outstanding Stock Options | -671,555 |
Forfeited, Weighted average exercise price | $10.20 |
Restricted Stock Activity [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Stock units granted, Shares Available for Grant | -2,443,291 |
Forfeited, Shares Available for Grant | 321,863 |
Performance stock units [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Stock units granted, Shares Available for Grant | -35,000 |
Restricted Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Forfeited, Shares Available for Grant | 321,863 |
StockBased_Compensation_Schedu
Stock-Based Compensation - Schedule of Restricted Stock Activity (Detail) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Restricted Stock Activity [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Beginning balances, Number of shares | 2,681,944 |
Granted, Number of shares | 2,443,291 |
Vested, Number of shares | -707,312 |
Forfeited, Number of shares | -321,863 |
Ending balances, Number of shares | 4,045,063 |
Beginning balances, Weighted average grant date fair value | $16.36 |
Granted, Weighted average grant date fair value | $15.25 |
Vested, Weighted average grant date fair value | $14.30 |
Forfeited, Weighted average grant date fair value | $18.08 |
Ending balances, Weighted average grant date fair value | $16.22 |
Performance stock units [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Granted, Number of shares | 35,000 |
Granted, Weighted average grant date fair value | $16.41 |
Restricted Stock Award [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Forfeited, Number of shares | -85,997 |
Forfeited, Weighted average grant date fair value | $4.32 |
StockBased_Compensation_StockB
Stock-Based Compensation - Stock-Based Compensation Expense Included in Consolidated Statements of Operations (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | $10,119 | $5,028 | $24,508 | $12,277 |
Cost of revenues [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | 991 | 627 | 2,289 | 1,413 |
Research and development [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | 4,263 | 1,705 | 9,890 | 4,185 |
Sales and marketing [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | 2,910 | 1,436 | 7,539 | 2,890 |
General and administrative [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | $1,955 | $1,260 | $4,790 | $3,789 |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' |
Unrecognized stock-based compensation | $89.40 |
Weighted average remaining vesting period | '2 years 4 months 28 days |
Earnings_Per_Share_Schedule_of
Earnings Per Share - Schedule of Historical Basic and Diluted Net Loss Per Share (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Numerator: | ' | ' | ' | ' |
Net loss | ($18,705) | ($11,288) | ($53,086) | ($31,862) |
Denominator: | ' | ' | ' | ' |
Weighted-average common shares outstanding | 69,020 | 63,439 | 67,452 | 62,754 |
Less: Weighted-average unvested common shares subject to repurchase or forfeiture | -853 | -518 | -539 | -654 |
Weighted-average shares used to compute net loss per share, basic and diluted | 68,167 | 62,921 | 66,913 | 62,100 |
Net loss per share, basic and diluted | ($0.27) | ($0.18) | ($0.79) | ($0.51) |
Earnings_Per_Share_Summary_of_
Earnings Per Share - Summary of Potentially Dilutive Securities that are Not Included in Diluted per Share (Detail) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share amount | 14,933,502 | 16,738,888 |
Stock options [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share amount | 10,169,823 | 14,226,710 |
Restricted Stock [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share amount | 4,045,063 | 2,512,178 |
Common stock subject to repurchase [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share amount | 718,616 | ' |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets - Goodwill (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Producteev [Member] | Acquisition of Bitplay ("Meetings.io") [Member] | Clara Ehf. ("Clara") [Member] | StreamOnce, Inc. [Member] | |||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Balance, beginning of period | $29,753 | $23,435 | $17,265 | ' | ' | ' | ' |
Acquisition | ' | ' | ' | 4,186 | 1,984 | 3,161 | 3,157 |
Balance, end of period | $29,753 | $23,435 | $17,265 | ' | ' | ' | ' |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets - Intangible Assets and their Related Useful Lives (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Accumulated amortization | ($11,302) | ($7,538) |
Intangible assets, net | 15,536 | ' |
Total intangible assets, net | 15,536 | 11,710 |
Acquired technology [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, gross | 20,441 | 14,455 |
Intangible assets, Accumulated amortization | -7,196 | -4,650 |
Intangible assets, net | 13,245 | 9,805 |
Acquired technology [Member] | Minimum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Useful Life | '5 years | ' |
Acquired technology [Member] | Maximum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Useful Life | '7 years | ' |
Perpetual software licenses [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Useful Life | '2 years | ' |
Intangible assets, gross | 2,430 | 2,430 |
Intangible assets, Accumulated amortization | -2,430 | -1,930 |
Intangible assets, net | ' | 500 |
Covenant not to compete [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, gross | 2,028 | 1,342 |
Intangible assets, Accumulated amortization | -1,045 | -677 |
Intangible assets, net | 983 | 665 |
Covenant not to compete [Member] | Minimum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Useful Life | '1 year | ' |
Covenant not to compete [Member] | Maximum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Useful Life | '4 years | ' |
Other [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, gross | 1,939 | 1,021 |
Intangible assets, Accumulated amortization | -631 | -281 |
Intangible assets, net | $1,308 | $740 |
Other [Member] | Minimum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Useful Life | '2 years | ' |
Other [Member] | Maximum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Useful Life | '7 years | ' |
Goodwill_and_Other_Intangible_4
Goodwill and Other Intangible Assets - Amortization Expense Related to Intangible Assets (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' |
Amortization expense related to intangible assets | $1,228 | $864 | $3,764 | $2,623 |
Goodwill_and_Other_Intangible_5
Goodwill and Other Intangible Assets - Expected Future Amortization Expense (Detail) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Finite Lived Intangible Assets Future Amortization Expense [Abstract] | ' |
Remainder of 2013 | $1,228 |
2014 | 4,863 |
2015 | 4,622 |
2016 | 2,732 |
2017 | 1,715 |
Thereafter | 376 |
Intangible assets, net | $15,536 |
Cash_Cash_Equivalents_and_Mark2
Cash, Cash Equivalents and Marketable Securities - Cash and Cash Equivalents and Marketable Securities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Cash and Cash Equivalents [Line Items] | ' | ' |
Cash, Cost | $42,606 | $48,955 |
Cash, Estimated Fair Value | 42,606 | 48,955 |
Cost | 152,004 | 168,026 |
Unrealized Gains | 36 | 30 |
Unrealized Losses | 0 | 2 |
Estimated Fair Value | 152,040 | 168,054 |
Estimated Fair Value | 109,434 | ' |
Cash equivalents [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cash, Cost | 1,779 | 508 |
Unrealized Gains | ' | ' |
Unrealized Losses | ' | ' |
Cash, Estimated Fair Value | 1,779 | 508 |
Cash equivalents [Member] | Money market mutual funds [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | 1,779 | 452 |
Estimated Fair Value | 1,779 | 452 |
Cash equivalents [Member] | Corporate notes and bonds [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | ' | 56 |
Estimated Fair Value | ' | 56 |
Short-term marketable securities [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | 73,436 | 96,465 |
Unrealized Gains | 8 | 27 |
Estimated Fair Value | 73,444 | 96,492 |
Short-term marketable securities [Member] | Commercial paper [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | 4,497 | 8,493 |
Unrealized Gains | 0 | ' |
Estimated Fair Value | 4,497 | 8,493 |
Short-term marketable securities [Member] | Corporate notes and bonds [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | 44,409 | 34,637 |
Unrealized Gains | 6 | 1 |
Estimated Fair Value | 44,415 | 34,638 |
Short-term marketable securities [Member] | Government obligations [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | 2,706 | 10,104 |
Unrealized Gains | 1 | 2 |
Estimated Fair Value | 2,707 | 10,106 |
Short-term marketable securities [Member] | U.S. agency obligations [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | 21,824 | 43,231 |
Unrealized Gains | 1 | 24 |
Estimated Fair Value | 21,825 | 43,255 |
Marketable securities, noncurrent [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | 35,962 | 22,606 |
Unrealized Gains | 28 | 3 |
Unrealized Losses | ' | 2 |
Estimated Fair Value | 35,990 | 22,607 |
Marketable securities, noncurrent [Member] | Corporate notes and bonds [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | 8,308 | 14,386 |
Unrealized Gains | 3 | ' |
Unrealized Losses | ' | 2 |
Estimated Fair Value | 8,311 | 14,384 |
Marketable securities, noncurrent [Member] | Government obligations [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | ' | 2,721 |
Unrealized Gains | ' | 1 |
Estimated Fair Value | ' | 2,722 |
Marketable securities, noncurrent [Member] | U.S. agency obligations [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cost | 27,654 | 5,499 |
Unrealized Gains | 25 | 2 |
Estimated Fair Value | 27,679 | 5,501 |
Cash [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Cash, Cost | 40,827 | 48,447 |
Cash, Estimated Fair Value | $40,827 | $48,447 |
Cash_Cash_Equivalents_and_Mark3
Cash, Cash Equivalents and Marketable Securities - Estimated Fair Value of Investments in Marketable Securities, Available-for-Sale, Classified by Contractual Maturity Date (Detail) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Fair Value Disclosures [Abstract] | ' |
Due within 1 year | $73,444 |
Due within 1 year through 2 years | 35,990 |
Total marketable securities | $109,434 |
Fair_Value_Measurements_Financ
Fair Value Measurements - Financial Assets Measured at Fair Value on Recurring Basis (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Assets | ' | ' | ' |
Cash equivalents | $42,606 | ' | $48,955 |
Marketable securities | 109,434 | ' | ' |
Level 3 [Member] | ' | ' | ' |
Liabilities | ' | ' | ' |
Contingent consideration, Earnout liability | 626 | 595 | ' |
Fair value measurements, recurring [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | 508 |
Marketable securities | 109,434 | ' | 119,099 |
Total | 111,213 | ' | 119,607 |
Liabilities | ' | ' | ' |
Contingent consideration, Earnout liability | 626 | ' | ' |
Fair value measurements, recurring [Member] | Money market mutual funds [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | 1,779 | ' | 56 |
Fair value measurements, recurring [Member] | Commercial paper [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | 4,497 | ' | 8,493 |
Fair value measurements, recurring [Member] | Corporate notes and bonds [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | 452 |
Marketable securities | 52,726 | ' | 49,022 |
Fair value measurements, recurring [Member] | Government obligations [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | 2,707 | ' | 12,828 |
Fair value measurements, recurring [Member] | U.S. government and agency [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | 49,504 | ' | 48,756 |
Fair value measurements, recurring [Member] | Level 1 [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | 56 |
Marketable securities | ' | ' | ' |
Total | 1,779 | ' | 56 |
Liabilities | ' | ' | ' |
Contingent consideration, Earnout liability | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 1 [Member] | Money market mutual funds [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | 1,779 | ' | 56 |
Fair value measurements, recurring [Member] | Level 1 [Member] | Commercial paper [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 1 [Member] | Corporate notes and bonds [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | ' |
Marketable securities | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 1 [Member] | Government obligations [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 1 [Member] | U.S. government and agency [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 2 [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | 452 |
Marketable securities | 109,434 | ' | 119,099 |
Total | 109,434 | ' | 119,551 |
Liabilities | ' | ' | ' |
Contingent consideration, Earnout liability | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 2 [Member] | Money market mutual funds [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 2 [Member] | Commercial paper [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | 4,497 | ' | 8,493 |
Fair value measurements, recurring [Member] | Level 2 [Member] | Corporate notes and bonds [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | 452 |
Marketable securities | 52,726 | ' | 49,022 |
Fair value measurements, recurring [Member] | Level 2 [Member] | Government obligations [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | 2,707 | ' | 12,828 |
Fair value measurements, recurring [Member] | Level 2 [Member] | U.S. government and agency [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | 49,504 | ' | 48,756 |
Fair value measurements, recurring [Member] | Level 3 [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | ' |
Marketable securities | ' | ' | ' |
Total | ' | ' | ' |
Liabilities | ' | ' | ' |
Contingent consideration, Earnout liability | 626 | ' | ' |
Fair value measurements, recurring [Member] | Level 3 [Member] | Money market mutual funds [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 3 [Member] | Commercial paper [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 3 [Member] | Corporate notes and bonds [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash equivalents | ' | ' | ' |
Marketable securities | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 3 [Member] | Government obligations [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | ' | ' | ' |
Fair value measurements, recurring [Member] | Level 3 [Member] | U.S. government and agency [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Marketable securities | ' | ' | ' |
Fair_Value_Measurements_Summar
Fair Value Measurements - Summary of Contingent Consideration Liability (Detail) (Level 3 [Member], USD $) | 3 Months Ended | 6 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 |
Level 3 [Member] | ' | ' |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Beginning balance | $595 | ' |
Addition related to Earnout for StreamOnce acquisition | ' | 576 |
Increase in Earnout due to re-measurement | 31 | 19 |
Ending balance | $626 | $595 |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Debt Disclosure [Abstract] | ' |
Letters of credit outstanding | $1 |
Term loans outstanding | $9 |
Term loans, interest rate | 2.26% |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Commitments And Contingencies Disclosure [Abstract] | ' |
Operating leases future payments due | $23 |
Commitments under non-cancelable purchase order | $2.70 |
Operating lease expiration date | 'September 2018 |
Non-cancelable purchase order commitments period | 'The second quarter of 2017 |
Statements_of_Cash_Flows_Summa
Statements of Cash Flows - Summary of Supplemental Cash Flows Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Supplemental Cash Flow Information | ' | ' | ' | ' |
Cash paid for interest | $62 | $89 | $186 | $397 |
Cash paid for income taxes | 171 | 26 | 224 | 141 |
StreamOnce, Inc. [Member] | ' | ' | ' | ' |
Supplemental Non-Cash Information | ' | ' | ' | ' |
Common stock issued in connection with acquisition | ' | ' | $852 | ' |
RelatedParty_Transactions_Sche
Related-Party Transactions - Schedule of Information Regarding Comparable Customers (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Related Party Transactions [Abstract] | ' | ' | ' | ' | ' |
Accounts receivable | $1,349 | ' | $1,349 | ' | $308 |
Current deferred revenue | 1,131 | ' | 1,131 | ' | 1,043 |
Non-current deferred revenue | 1,084 | ' | 1,084 | ' | 598 |
Revenues | $474 | $152 | $1,262 | $390 | ' |