Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Oct. 31, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
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 | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 71,593,593 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $27,184 | $38,415 |
Short-term marketable securities | 70,992 | 69,809 |
Accounts receivable, net of allowances of $611 and $740 | 50,009 | 58,829 |
Prepaid expenses and other current assets | 15,210 | 9,425 |
Total current assets | 163,395 | 176,478 |
Marketable securities, noncurrent | 30,966 | 33,443 |
Property and equipment, net of accumulated depreciation of $27,417 and $20,334 | 13,696 | 21,379 |
Goodwill | 29,753 | 29,753 |
Intangible assets, net of accumulated amortization of $16,182 and $12,528 | 10,659 | 14,310 |
Other assets | 9,504 | 572 |
Total assets | 257,973 | 275,935 |
Current liabilities: | ' | ' |
Accounts payable | 6,768 | 6,412 |
Accrued payroll and related liabilities | 6,592 | 7,469 |
Other accrued liabilities | 9,266 | 8,478 |
Deferred revenue, current | 114,777 | 112,432 |
Term debt, current | 2,400 | 2,400 |
Total current liabilities | 139,803 | 137,191 |
Deferred revenue, less current portion | 32,390 | 34,905 |
Term debt, less current portion | 4,200 | 6,000 |
Other long-term liabilities | 1,162 | 1,605 |
Total liabilities | 177,555 | 179,701 |
Commitments and contingencies | ' | ' |
Stockholders' Equity: | ' | ' |
Common stock, $0.0001 par value. Authorized 290,000 shares; issued -78,002 shares at September 30, 2014 and 76,174 at December 31, 2013; outstanding-71,577 at September 30, 2014 and 69,653 at December 31, 2013 | 7 | 7 |
Less treasury stock at cost | -3,352 | -3,352 |
Additional paid-in capital | 355,190 | 326,834 |
Accumulated deficit | -271,594 | -227,531 |
Accumulated other comprehensive income | 167 | 276 |
Total stockholders' equity | 80,418 | 96,234 |
Total liabilities and stockholders' equity | $257,973 | $275,935 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Accounts receivable, allowances | $611 | $740 |
Property and equipment, accumulated depreciation | 27,417 | 20,334 |
Intangible assets, accumulated amortization | $16,182 | $12,528 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 290,000 | 290,000 |
Common stock, shares issued | 78,002 | 76,174 |
Common stock, shares outstanding | 71,577 | 69,653 |
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, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Revenues: | ' | ' | ' | ' |
Product | $42,162 | $33,456 | $118,576 | $95,678 |
Professional services | 4,438 | 3,903 | 12,428 | 10,775 |
Total revenues | 46,600 | 37,359 | 131,004 | 106,453 |
Cost of revenues: | ' | ' | ' | ' |
Product | 11,175 | 9,034 | 31,931 | 27,786 |
Professional services | 6,060 | 4,851 | 17,399 | 12,914 |
Total cost of revenues | 17,235 | 13,885 | 49,330 | 40,700 |
Gross profit | 29,365 | 23,474 | 81,674 | 65,753 |
Operating expenses: | ' | ' | ' | ' |
Research and development | 13,608 | 14,957 | 39,496 | 41,383 |
Sales and marketing | 21,696 | 20,804 | 66,855 | 60,148 |
General and administrative | 6,161 | 6,202 | 18,994 | 18,149 |
Total operating expenses | 41,465 | 41,963 | 125,345 | 119,680 |
Loss from operations | -12,100 | -18,489 | -43,671 | -53,927 |
Other income (expense), net: | ' | ' | ' | ' |
Interest income | 50 | 53 | 151 | 184 |
Interest expense | -55 | -54 | -202 | -234 |
Other, net | 160 | -186 | 9 | -295 |
Total other income (expense), net | 155 | -187 | -42 | -345 |
Loss before provision for (benefit from) income taxes | -11,945 | -18,676 | -43,713 | -54,272 |
Provision for (benefit from) income taxes | 164 | 29 | 350 | -1,186 |
Net loss | ($12,109) | ($18,705) | ($44,063) | ($53,086) |
Basic and diluted net loss per share | ($0.17) | ($0.27) | ($0.63) | ($0.79) |
Shares used in basic and diluted per share calculations | 71,026 | 68,167 | 70,202 | 66,913 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Loss (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net loss | ($12,109) | ($18,705) | ($44,063) | ($53,086) |
Other comprehensive income (loss): | ' | ' | ' | ' |
Foreign currency translation | -179 | 98 | -94 | 201 |
Cumulative unrealized gain (loss) on marketable securities | -17 | 98 | -15 | 10 |
Other comprehensive income (loss) | -196 | 196 | -109 | 211 |
Comprehensive loss | ($12,305) | ($18,509) | ($44,172) | ($52,875) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net loss | ($44,063) | ($53,086) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | ' | ' |
Depreciation and amortization | 11,650 | 11,802 |
Stock-based compensation | 26,820 | 24,508 |
Change in deferred taxes | 96 | -1,351 |
(Increase) decrease, net of acquisitions, in: | ' | ' |
Accounts receivable, net | 8,820 | 14,163 |
Prepaid expenses and other assets | -5,918 | -2,716 |
Increase (decrease), net of acquisitions, in: | ' | ' |
Accounts payable | 893 | -333 |
Accrued payroll and related liabilities | -899 | -1,979 |
Other accrued liabilities | 1,128 | -626 |
Deferred revenue | -170 | 10,697 |
Other long-term liabilities | 37 | 196 |
Net cash provided by (used in) operating activities | -1,606 | 1,275 |
Cash flows from investing activities: | ' | ' |
Payments for purchase of property and equipment | -7,891 | -8,789 |
Purchases of marketable securities | -80,036 | -85,685 |
Sales of marketable securities | 18,672 | 29,533 |
Maturities of marketable securities | 61,774 | 64,355 |
Acquisitions, net of cash acquired | ' | -11,047 |
Net cash used in investing activities | -7,481 | -11,633 |
Cash flows from financing activities: | ' | ' |
Proceeds from exercise of stock options | 1,747 | 6,591 |
Taxes paid related to net share settlement of equity awards | -1,571 | -754 |
Repayments of term loans | -1,800 | -1,800 |
Earnout payment for prior acquisition | -576 | ' |
Net cash provided by (used in) financing activities | -2,200 | 4,037 |
Net decrease in cash and cash equivalents | -11,287 | -6,321 |
Effect of exchange rate changes | 56 | -28 |
Cash and cash equivalents, beginning of period | 38,415 | 48,955 |
Cash and cash equivalents, end of period | $27,184 | $42,606 |
Nature_of_Business
Nature of Business | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Nature of Business | ' |
Note 1. Nature of Business | |
We provide an enterprise collaboration 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 primarily on a subscription basis, deployable in a private or public cloud and used for internal or external communities. We generate revenues from platform subscription license fees as well as from professional service fees for strategic consulting, configuration, implementation and training. |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended | |||
Sep. 30, 2014 | ||||
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 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, 2014 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, 2013, which was filed with the Securities and Exchange Commission (the “SEC”) on March 3, 2014. | ||||
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 the estimates relating to: | ||||
• | revenue recognition; | |||
• | the useful lives of fixed assets; | |||
• | stock-based compensation; | |||
• | contingent liabilities; | |||
• | assumptions used in testing for impairment of goodwill and other long-lived assets, including the incurred software development costs; and | |||
• | the recoverability of deferred income tax assets and liabilities. | |||
Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements. |
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||||||||
Note 3. Stock-Based Compensation | |||||||||||||||||||||
Stock Plan and Option Activity | |||||||||||||||||||||
Certain information regarding stock option activity for the nine-month period ended September 30, 2014 and stock options outstanding as of September 30, 2014 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, 2013 | 2,030,319 | 9,480,138 | $ | 5.54 | |||||||||||||||||
Additional shares reserved | 2,720,200 | ||||||||||||||||||||
Stock options granted | (1,014,500 | ) | 1,014,500 | 7.87 | |||||||||||||||||
Restricted stock units (“RSUs”) granted | (2,491,763 | ) | — | — | |||||||||||||||||
Performance stock units (“PSUs”) granted | (430,000 | ) | — | — | |||||||||||||||||
Forfeited – Stock options | 664,716 | (664,716 | ) | 13.4 | |||||||||||||||||
Forfeited – Restricted stock units | 1,292,688 | — | — | ||||||||||||||||||
Vested RSUs adjusted for taxes | 192,737 | ||||||||||||||||||||
Exercised | — | (796,498 | ) | 2.16 | |||||||||||||||||
Balances, September 30, 2014 | 2,964,397 | 9,033,424 | $ | 5.52 | 5.75 | $ | 23,239 | ||||||||||||||
Exercisable at September 30, 2014 | 7,204,879 | $ | 4.22 | 5.05 | $ | 23,150 | |||||||||||||||
Vested and expected to vest | 8,910,233 | $ | 5.45 | 5.71 | $ | 23,238 | |||||||||||||||
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, 2013 | 4,796,112 | $ | 15.24 | ||||||||||||||||||
Granted RSUs | 2,491,763 | 8.34 | |||||||||||||||||||
Granted PSUs | 430,000 | 8.13 | |||||||||||||||||||
Vested | (1,320,167 | ) | 14.42 | ||||||||||||||||||
Forfeited | (1,292,688 | ) | 14.12 | ||||||||||||||||||
Balances, September 30, 2014 | 5,105,020 | 11.74 | |||||||||||||||||||
All shares to be issued upon the exercise of stock options and the vesting of RSUs and PSUs will come from newly issued shares. | |||||||||||||||||||||
Stock-Based Compensation | |||||||||||||||||||||
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, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||
Cost of revenues | $ | 1,014 | $ | 991 | $ | 3,125 | $ | 2,289 | |||||||||||||
Research and development | 2,723 | 4,263 | 8,695 | 9,890 | |||||||||||||||||
Sales and marketing | 2,526 | 2,910 | 9,153 | 7,539 | |||||||||||||||||
General and administrative | 1,932 | 1,955 | 5,847 | 4,790 | |||||||||||||||||
$ | 8,195 | $ | 10,119 | $ | 26,820 | $ | 24,508 | ||||||||||||||
Stock-based compensation capitalized related to capitalized software development costs | $ | 211 | $ | — | $ | 1,370 | $ | — | |||||||||||||
As of September 30, 2014, unrecognized stock-based compensation related to all stock-based awards was $57.4 million, which will be recognized over the weighted average remaining vesting period of 2.2 years. |
Net_Loss_Per_Share
Net Loss Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Net Loss Per Share | ' | ||||||||||||||||
Note 4. Net Loss 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, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Numerator: | |||||||||||||||||
Net loss | $ | (12,109 | ) | $ | (18,705 | ) | $ | (44,063 | ) | $ | (53,086 | ) | |||||
Denominator: | |||||||||||||||||
Weighted-average common shares outstanding | 71,426 | 69,020 | 70,752 | 67,452 | |||||||||||||
Less: Weighted-average unvested common | (400 | ) | (853 | ) | (550 | ) | (539 | ) | |||||||||
shares subject to repurchase or forfeiture | |||||||||||||||||
Weighted-average shares used to compute | 71,026 | 68,167 | 70,202 | 66,913 | |||||||||||||
net loss per share, basic and diluted | |||||||||||||||||
Net loss per share, basic and diluted | $ | (0.17 | ) | $ | (0.27 | ) | $ | (0.63 | ) | $ | (0.79 | ) | |||||
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, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Shares subject to outstanding common stock options | 9,033,424 | 10,169,823 | |||||||||||||||
Unvested restricted common stock | 5,105,020 | 4,045,063 | |||||||||||||||
Common stock subject to repurchase | 396,368 | 718,616 | |||||||||||||||
14,534,812 | 14,933,502 | ||||||||||||||||
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Goodwill and Other Intangible Assets | ' | ||||||||||||
Note 5. 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, | 2013 | ||||||||||||
2014 | |||||||||||||
Balance, beginning of period | $ | 29,753 | $ | 23,435 | |||||||||
Acquisition of Clara Ehf. | — | 3,161 | |||||||||||
Acquisition of StreamOnce, Inc. | — | 3,157 | |||||||||||
Balance, end of period | $ | 29,753 | $ | 29,753 | |||||||||
Other Intangible Assets | |||||||||||||
The following table presents our intangible assets and their related useful lives (dollars in thousands): | |||||||||||||
Useful | September 30, | December 31, | |||||||||||
Life | 2014 | 2013 | |||||||||||
Acquired technology | 5-7 years | $ | 20,441 | $ | 20,441 | ||||||||
Accumulated amortization | (11,078 | ) | (8,167 | ) | |||||||||
9,363 | 12,274 | ||||||||||||
Perpetual software licenses | 2 years | 2,430 | 2,430 | ||||||||||
Accumulated amortization | (2,430 | ) | (2,430 | ) | |||||||||
— | — | ||||||||||||
Covenant not to compete | 1-4 years | 2,028 | 2,028 | ||||||||||
Accumulated amortization | (1,524 | ) | (1,172 | ) | |||||||||
504 | 856 | ||||||||||||
Other | 2-7 years | 1,939 | 1,939 | ||||||||||
Accumulated amortization | (1,147 | ) | (759 | ) | |||||||||
792 | 1,180 | ||||||||||||
Total intangible assets, net | $ | 10,659 | $ | 14,310 | |||||||||
Amortization expense related to intangible assets was as follows (in thousands): | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
September 30, | September 30, | ||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||
$1,210 | $ | 1,228 | $ | 3,651 | $ | 3,764 | |||||||
Expected future amortization expense as of September 30, 2014 is as follows (in thousands): | |||||||||||||
Remainder of 2014 | $ | 1,211 | |||||||||||
2015 | 4,622 | ||||||||||||
2016 | 2,732 | ||||||||||||
2017 | 1,715 | ||||||||||||
2018 | 379 | ||||||||||||
Thereafter | — | ||||||||||||
$ | 10,659 | ||||||||||||
Cash_Cash_Equivalents_and_Mark
Cash, Cash Equivalents and Marketable Securities | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Cash and Cash Equivalents [Abstract] | ' | ||||||||||||||||
Cash, Cash Equivalents and Marketable Securities | ' | ||||||||||||||||
Note 6. Cash, Cash Equivalents and Marketable Securities | |||||||||||||||||
Cash, cash equivalents and marketable securities consisted of the following (in thousands): | |||||||||||||||||
September 30, 2014 | |||||||||||||||||
Description | Cost | Unrealized | Unrealized | Estimated | |||||||||||||
Gains | Losses | Fair Value | |||||||||||||||
Cash | $ | 27,010 | $ | — | $ | — | $ | 27,010 | |||||||||
Cash equivalents: | |||||||||||||||||
Money market mutual funds | 174 | — | — | 174 | |||||||||||||
Total cash equivalents | 174 | — | — | 174 | |||||||||||||
Total cash and cash equivalents | 27,184 | — | — | 27,184 | |||||||||||||
Short-term marketable securities: | |||||||||||||||||
Commercial paper | 2,497 | — | — | 2,497 | |||||||||||||
Corporate notes and bonds | 46,305 | — | (18 | ) | 46,287 | ||||||||||||
U.S. agency obligations | 22,200 | 8 | — | 22,208 | |||||||||||||
Total short-term marketable securities | 71,002 | 8 | (18 | ) | 70,992 | ||||||||||||
Marketable securities, noncurrent: | |||||||||||||||||
Corporate notes and bonds | 10,825 | — | (20 | ) | 10,805 | ||||||||||||
Government obligations | 1,995 | 1 | — | 1,996 | |||||||||||||
U.S. agency obligations | 18,169 | — | (4 | ) | 18,165 | ||||||||||||
Total marketable securities, noncurrent | 30,989 | 1 | (24 | ) | 30,966 | ||||||||||||
Cash, cash equivalents, short-term marketable securities and marketable securities, noncurrent | $ | 129,175 | $ | 9 | $ | (42 | ) | $ | 129,142 | ||||||||
December 31, 2013 | |||||||||||||||||
Description | Cost | Unrealized | Unrealized | Estimated | |||||||||||||
Gains | Losses | Fair Value | |||||||||||||||
Cash | $ | 31,704 | $ | — | $ | — | $ | 31,704 | |||||||||
Cash equivalents: | |||||||||||||||||
Money market mutual funds | 6,711 | — | — | 6,711 | |||||||||||||
Total cash equivalents | 6,711 | — | — | 6,711 | |||||||||||||
Total cash and cash equivalents | 38,415 | — | — | 38,415 | |||||||||||||
Short-term marketable securities: | |||||||||||||||||
Commercial paper | 5,497 | — | — | 5,497 | |||||||||||||
Corporate notes and bonds | 38,645 | 6 | — | 38,651 | |||||||||||||
Government obligations | 2,701 | — | — | 2,701 | |||||||||||||
U.S. agency obligations | 22,963 | — | (3 | ) | 22,960 | ||||||||||||
Total short-term marketable securities | 69,806 | 6 | (3 | ) | 69,809 | ||||||||||||
Marketable securities, noncurrent: | |||||||||||||||||
Corporate notes and bonds | 14,302 | — | (29 | ) | 14,273 | ||||||||||||
U.S. agency obligations | 19,162 | 8 | — | 19,170 | |||||||||||||
Total marketable securities, noncurrent | 33,464 | 8 | (29 | ) | 33,443 | ||||||||||||
Cash, cash equivalents, short-term marketable securities and marketable securities, noncurrent | $ | 141,685 | $ | 14 | $ | (32 | ) | $ | 141,667 | ||||||||
As of September 30, 2014 and December 31, 2013, we did not consider any of our investments to be other-than-temporarily impaired. | |||||||||||||||||
As of September 30, 2014, 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 | $ | 70,992 | |||||||||||||||
Due within 1 year through 3 years | 30,966 | ||||||||||||||||
Total marketable securities | $ | 101,958 | |||||||||||||||
See also Note 7. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
Note 7. 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 and liabilities that are measured at fair value on a recurring basis (in thousands): | |||||||||||||||||
September 30, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | |||||||||||||||||
Money market mutual funds | $ | 174 | $ | — | $ | — | $ | 174 | |||||||||
Marketable securities | |||||||||||||||||
Commercial paper | — | 2,497 | — | 2,497 | |||||||||||||
Corporate notes and bonds | — | 57,092 | — | 57,092 | |||||||||||||
Government obligations | — | 1,996 | — | 1,996 | |||||||||||||
U.S. government and agency | — | 40,373 | — | 40,373 | |||||||||||||
— | 101,958 | — | 101,958 | ||||||||||||||
Total | $ | 174 | $ | 101,958 | $ | — | $ | 102,132 | |||||||||
December 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | |||||||||||||||||
Money market mutual funds | $ | 6,711 | $ | — | $ | — | $ | 6,711 | |||||||||
Marketable securities | |||||||||||||||||
Commercial paper | — | 5,497 | — | 5,497 | |||||||||||||
Corporate notes and bonds | — | 52,924 | — | 52,924 | |||||||||||||
Government obligations | — | 2,701 | — | 2,701 | |||||||||||||
U.S. government and agency | — | 42,130 | — | 42,130 | |||||||||||||
— | 103,252 | — | 103,252 | ||||||||||||||
Total | $ | 6,711 | $ | 103,252 | $ | — | $ | 109,963 | |||||||||
Liabilities: | |||||||||||||||||
Contingent consideration | |||||||||||||||||
Earnout liability | $ | — | $ | — | $ | 726 | $ | 726 | |||||||||
The following table summarizes our Level 3 activity for our contingent consideration liability (in thousands): | |||||||||||||||||
Level 3 | |||||||||||||||||
Balance at December 31, 2013 | $ | 726 | |||||||||||||||
Decrease in earnout liability due to payment | (726 | ) | |||||||||||||||
Balance at September 30, 2014 | $ | — | |||||||||||||||
We classify our marketable securities as available-for-sale and, accordingly, record them at fair value based on quoted market prices for similar securities. 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. | |||||||||||||||||
There were no changes to our valuation techniques during the first nine months of 2014. | |||||||||||||||||
During the three and nine-month periods ended September 30, 2014 and 2013, we did not record any other-than-temporary impairments. | |||||||||||||||||
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. |
LongTerm_Debt
Long-Term Debt | 9 Months Ended |
Sep. 30, 2014 | |
Debt Disclosure [Abstract] | ' |
Long-Term Debt | ' |
Note 8. Long-Term Debt | |
We have a secured revolving loan facility and term loan facility of up to $30.0 million under a loan agreement (the “Loan Agreement”) with Silicon Valley Bank (“SVB”). The revolving loan facility expires on May 23, 2015. | |
On February 18, 2014, we entered into a Second Loan Modification Agreement with SVB to modify the minimum adjusted EBITDA financial covenant for periods occurring after December 31, 2013 and remove the fixed charge coverage ratio and maximum leverage ratio financial covenants, which were set to begin in periods occurring after December 31, 2013. | |
At September 30, 2014, we had $0.9 million of outstanding letters of credit, no revolving loans outstanding under the Loan Agreement and $6.6 million of term loans outstanding at an interest rate of 1.98%. We were in compliance with all covenants as of September 30, 2014. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Note 9. Commitments and Contingencies | |
In addition to $22.8 million in future payments under our operating leases, we have $5.7 million of commitments under non-cancelable purchase orders at September 30, 2014. The non-cancelable purchase order commitments will be filled at various times through the third quarter of 2016; and our longest operating lease expires in March 2020. |
Statements_of_Cash_Flows
Statements of Cash Flows | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||||||
Statements of Cash Flows | ' | ||||||||||||||||
Note 10. 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, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Supplemental Cash Flow Information | |||||||||||||||||
Cash paid for interest | $ | 39 | $ | 62 | $ | 145 | $ | 186 | |||||||||
Cash paid for income taxes | 96 | 171 | 193 | 224 | |||||||||||||
Supplemental Non-Cash Information | |||||||||||||||||
Common stock issued in connection with acquisition of StreamOnce | $ | — | $ | — | $ | — | $ | 852 |
RelatedParty_Transactions
Related-Party Transactions | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Related Party Transactions [Abstract] | ' | ||||||||||||||||
Related-Party Transactions | ' | ||||||||||||||||
Note 11. 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, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Accounts receivable | $ | 55 | $ | 804 | |||||||||||||
Current deferred revenue | 508 | 1,504 | |||||||||||||||
Non-current deferred revenue | 158 | 1,034 | |||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Revenues | $ | 278 | $ | 474 | $ | 737 | $ | 1,262 |
Capitalized_Software_Developme
Capitalized Software Development Costs and Internal-Use Software Development Costs | 9 Months Ended |
Sep. 30, 2014 | |
Research and Development [Abstract] | ' |
Capitalized Software Development Costs and Internal-Use Software Development Costs | ' |
Note 12. Capitalized Software Development Costs and Internal-Use Software Development Costs | |
Through the third quarter of 2014, we capitalized costs to develop internal-use software during the application development stage. These costs related to application development activities. In the third quarter of 2014, management developed a substantive plan to repurpose the in-process development into our existing software platform and new software products. As a result of this decision, the associated capitalized internal-use software costs became governed by the accounting standards related to capitalized software development costs in the third quarter of 2014. As such, subsequent to July 2014, we did not, and will no longer, capitalize costs related to internal-use software and, going forward, we will account for our current capitalized costs as capitalized software development costs. | |
Material software development costs incurred subsequent to establishing technological feasibility through the general release of the software products are capitalized. Technological feasibility is demonstrated by the completion of a detailed program design or working model, if no program design is completed. Historically, technological feasibility has occurred concurrently with the commercial release of our products and as a result we have not capitalized software development costs. We do not anticipate capitalizing material software development costs in future periods. | |
GAAP requires that annual amortization expense of the capitalized software development costs be the greater of the amounts computed using the ratio of gross revenue to a products’ total current and anticipated revenues or the straight-line method over the products’ remaining estimated economic life. | |
As of September 30, 2014, we had $9.0 million of capitalized software development costs which are included in other assets. Amortization of these capitalized costs has not started as the related projects are still in development. Once complete, these software development costs will be amortized on a straight-line basis over their estimated useful life and recorded as a component of cost of product revenues. | |
We make ongoing evaluations of the recoverability of our capitalized software by comparing the amount capitalized for each product to the estimated net realizable value of the product. If such evaluations indicate that the unamortized software development costs exceed the net realizable value, we write off the amount by which the unamortized software development costs exceed net realizable value. There was no impairment charge related to capitalized software development costs during the nine-month periods ended September 30, 2014 and 2013. |
New_Accounting_Pronouncements
New Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Changes and Error Corrections [Abstract] | ' |
New Accounting Pronouncements | ' |
Note 13. New Accounting Pronouncements | |
Recently Adopted Accounting Pronouncements | |
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, the adoption of ASU 2013-11 in January 2014 did not have a material effect on our financial position, results of operations or cash flows. | |
Accounting Pronouncements Not Yet Adopted | |
In May, 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers,” which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for us on January 1, 2017 and early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting. | |
In June 2014, the FASB issued ASU 2014-12, “Compensation – Stock Compensation (Topic 718).” ASU 2014-12 addresses accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. ASU 2014-12 indicates that, in such situations, the performance target should be treated as a performance condition and, accordingly, the performance target should not be reflected in estimating the grant-date fair value of the award. Instead, compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. We do not expect the adoption of ASU 2014-12 to have a material effect on our financial position, results of operations or cash flows. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Note 14. Subsequent Events | |
On November 3, 2014, we entered into a Transition Agreement with Anthony Zingale, our Chief Executive Officer, pursuant to which Mr. Zingale will resign as our Chief Executive Officer effective November 10, 2014 and will continue his employment on an at-will basis with us as Executive Chairman during a transition period extending through November 10, 2015. Mr. Zingale also will remain as our Chairman of the Board of Directors of the Company (the “Board”). | |
The Board has established an interim Office of the CEO. Effective November 10, 2014, the Office of the CEO will carry out the functions of a chief executive officer and will consist of Elisa Steele (our current Executive Vice-President of Marketing and Products), who will assume the role of our President, and William A. Lanfri (a member of the Board). Mr. Lanfri will continue to serve on the Board while carrying out his additional responsibilities as a member of the Office of the CEO. The Office of the CEO will report directly to the Board. |
New_Accounting_Pronouncements_
New Accounting Pronouncements (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Changes and Error Corrections [Abstract] | ' |
Recently Adopted Accounting Pronouncements | ' |
Recently Adopted Accounting Pronouncements | |
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, the adoption of ASU 2013-11 in January 2014 did not have a material effect on our financial position, results of operations or cash flows. |
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Stock Option Activity and Stock Options Outstanding | ' | ||||||||||||||||||||
Certain information regarding stock option activity for the nine-month period ended September 30, 2014 and stock options outstanding as of September 30, 2014 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, 2013 | 2,030,319 | 9,480,138 | $ | 5.54 | |||||||||||||||||
Additional shares reserved | 2,720,200 | ||||||||||||||||||||
Stock options granted | (1,014,500 | ) | 1,014,500 | 7.87 | |||||||||||||||||
Restricted stock units (“RSUs”) granted | (2,491,763 | ) | — | — | |||||||||||||||||
Performance stock units (“PSUs”) granted | (430,000 | ) | — | — | |||||||||||||||||
Forfeited – Stock options | 664,716 | (664,716 | ) | 13.4 | |||||||||||||||||
Forfeited – Restricted stock units | 1,292,688 | — | — | ||||||||||||||||||
Vested RSUs adjusted for taxes | 192,737 | ||||||||||||||||||||
Exercised | — | (796,498 | ) | 2.16 | |||||||||||||||||
Balances, September 30, 2014 | 2,964,397 | 9,033,424 | $ | 5.52 | 5.75 | $ | 23,239 | ||||||||||||||
Exercisable at September 30, 2014 | 7,204,879 | $ | 4.22 | 5.05 | $ | 23,150 | |||||||||||||||
Vested and expected to vest | 8,910,233 | $ | 5.45 | 5.71 | $ | 23,238 | |||||||||||||||
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, 2013 | 4,796,112 | $ | 15.24 | ||||||||||||||||||
Granted RSUs | 2,491,763 | 8.34 | |||||||||||||||||||
Granted PSUs | 430,000 | 8.13 | |||||||||||||||||||
Vested | (1,320,167 | ) | 14.42 | ||||||||||||||||||
Forfeited | (1,292,688 | ) | 14.12 | ||||||||||||||||||
Balances, September 30, 2014 | 5,105,020 | 11.74 | |||||||||||||||||||
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, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||
Cost of revenues | $ | 1,014 | $ | 991 | $ | 3,125 | $ | 2,289 | |||||||||||||
Research and development | 2,723 | 4,263 | 8,695 | 9,890 | |||||||||||||||||
Sales and marketing | 2,526 | 2,910 | 9,153 | 7,539 | |||||||||||||||||
General and administrative | 1,932 | 1,955 | 5,847 | 4,790 | |||||||||||||||||
$ | 8,195 | $ | 10,119 | $ | 26,820 | $ | 24,508 | ||||||||||||||
Stock-based compensation capitalized related to capitalized software development costs | $ | 211 | $ | — | $ | 1,370 | $ | — | |||||||||||||
Net_Loss_Per_Share_Tables
Net Loss Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
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, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Numerator: | |||||||||||||||||
Net loss | $ | (12,109 | ) | $ | (18,705 | ) | $ | (44,063 | ) | $ | (53,086 | ) | |||||
Denominator: | |||||||||||||||||
Weighted-average common shares outstanding | 71,426 | 69,020 | 70,752 | 67,452 | |||||||||||||
Less: Weighted-average unvested common | (400 | ) | (853 | ) | (550 | ) | (539 | ) | |||||||||
shares subject to repurchase or forfeiture | |||||||||||||||||
Weighted-average shares used to compute | 71,026 | 68,167 | 70,202 | 66,913 | |||||||||||||
net loss per share, basic and diluted | |||||||||||||||||
Net loss per share, basic and diluted | $ | (0.17 | ) | $ | (0.27 | ) | $ | (0.63 | ) | $ | (0.79 | ) | |||||
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, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Shares subject to outstanding common stock options | 9,033,424 | 10,169,823 | |||||||||||||||
Unvested restricted common stock | 5,105,020 | 4,045,063 | |||||||||||||||
Common stock subject to repurchase | 396,368 | 718,616 | |||||||||||||||
14,534,812 | 14,933,502 | ||||||||||||||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
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, | 2013 | ||||||||||||
2014 | |||||||||||||
Balance, beginning of period | $ | 29,753 | $ | 23,435 | |||||||||
Acquisition of Clara Ehf. | — | 3,161 | |||||||||||
Acquisition of StreamOnce, Inc. | — | 3,157 | |||||||||||
Balance, end of period | $ | 29,753 | $ | 29,753 | |||||||||
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 | 2014 | 2013 | |||||||||||
Acquired technology | 5-7 years | $ | 20,441 | $ | 20,441 | ||||||||
Accumulated amortization | (11,078 | ) | (8,167 | ) | |||||||||
9,363 | 12,274 | ||||||||||||
Perpetual software licenses | 2 years | 2,430 | 2,430 | ||||||||||
Accumulated amortization | (2,430 | ) | (2,430 | ) | |||||||||
— | — | ||||||||||||
Covenant not to compete | 1-4 years | 2,028 | 2,028 | ||||||||||
Accumulated amortization | (1,524 | ) | (1,172 | ) | |||||||||
504 | 856 | ||||||||||||
Other | 2-7 years | 1,939 | 1,939 | ||||||||||
Accumulated amortization | (1,147 | ) | (759 | ) | |||||||||
792 | 1,180 | ||||||||||||
Total intangible assets, net | $ | 10,659 | $ | 14,310 | |||||||||
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, | ||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||
$1,210 | $ | 1,228 | $ | 3,651 | $ | 3,764 | |||||||
Expected Future Amortization Expense | ' | ||||||||||||
Expected future amortization expense as of September 30, 2014 is as follows (in thousands): | |||||||||||||
Remainder of 2014 | $ | 1,211 | |||||||||||
2015 | 4,622 | ||||||||||||
2016 | 2,732 | ||||||||||||
2017 | 1,715 | ||||||||||||
2018 | 379 | ||||||||||||
Thereafter | — | ||||||||||||
$ | 10,659 | ||||||||||||
Cash_Cash_Equivalents_and_Mark1
Cash, Cash Equivalents and Marketable Securities (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Cash and Cash Equivalents [Abstract] | ' | ||||||||||||||||
Cash and Cash Equivalents and Marketable Securities | ' | ||||||||||||||||
Cash, cash equivalents and marketable securities consisted of the following (in thousands): | |||||||||||||||||
September 30, 2014 | |||||||||||||||||
Description | Cost | Unrealized | Unrealized | Estimated | |||||||||||||
Gains | Losses | Fair Value | |||||||||||||||
Cash | $ | 27,010 | $ | — | $ | — | $ | 27,010 | |||||||||
Cash equivalents: | |||||||||||||||||
Money market mutual funds | 174 | — | — | 174 | |||||||||||||
Total cash equivalents | 174 | — | — | 174 | |||||||||||||
Total cash and cash equivalents | 27,184 | — | — | 27,184 | |||||||||||||
Short-term marketable securities: | |||||||||||||||||
Commercial paper | 2,497 | — | — | 2,497 | |||||||||||||
Corporate notes and bonds | 46,305 | — | (18 | ) | 46,287 | ||||||||||||
U.S. agency obligations | 22,200 | 8 | — | 22,208 | |||||||||||||
Total short-term marketable securities | 71,002 | 8 | (18 | ) | 70,992 | ||||||||||||
Marketable securities, noncurrent: | |||||||||||||||||
Corporate notes and bonds | 10,825 | — | (20 | ) | 10,805 | ||||||||||||
Government obligations | 1,995 | 1 | — | 1,996 | |||||||||||||
U.S. agency obligations | 18,169 | — | (4 | ) | 18,165 | ||||||||||||
Total marketable securities, noncurrent | 30,989 | 1 | (24 | ) | 30,966 | ||||||||||||
Cash, cash equivalents, short-term marketable securities and marketable securities, noncurrent | $ | 129,175 | $ | 9 | $ | (42 | ) | $ | 129,142 | ||||||||
December 31, 2013 | |||||||||||||||||
Description | Cost | Unrealized | Unrealized | Estimated | |||||||||||||
Gains | Losses | Fair Value | |||||||||||||||
Cash | $ | 31,704 | $ | — | $ | — | $ | 31,704 | |||||||||
Cash equivalents: | |||||||||||||||||
Money market mutual funds | 6,711 | — | — | 6,711 | |||||||||||||
Total cash equivalents | 6,711 | — | — | 6,711 | |||||||||||||
Total cash and cash equivalents | 38,415 | — | — | 38,415 | |||||||||||||
Short-term marketable securities: | |||||||||||||||||
Commercial paper | 5,497 | — | — | 5,497 | |||||||||||||
Corporate notes and bonds | 38,645 | 6 | — | 38,651 | |||||||||||||
Government obligations | 2,701 | — | — | 2,701 | |||||||||||||
U.S. agency obligations | 22,963 | — | (3 | ) | 22,960 | ||||||||||||
Total short-term marketable securities | 69,806 | 6 | (3 | ) | 69,809 | ||||||||||||
Marketable securities, noncurrent: | |||||||||||||||||
Corporate notes and bonds | 14,302 | — | (29 | ) | 14,273 | ||||||||||||
U.S. agency obligations | 19,162 | 8 | — | 19,170 | |||||||||||||
Total marketable securities, noncurrent | 33,464 | 8 | (29 | ) | 33,443 | ||||||||||||
Cash, cash equivalents, short-term marketable securities and marketable securities, noncurrent | $ | 141,685 | $ | 14 | $ | (32 | ) | $ | 141,667 | ||||||||
Estimated Fair Value of Investments in Marketable Securities, Available-for-Sale, Classified by Contractual Maturity Date | ' | ||||||||||||||||
As of September 30, 2014, 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 | $ | 70,992 | |||||||||||||||
Due within 1 year through 3 years | 30,966 | ||||||||||||||||
Total marketable securities | $ | 101,958 | |||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
The following tables present our financial assets and liabilities that are measured at fair value on a recurring basis (in thousands): | |||||||||||||||||
September 30, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | |||||||||||||||||
Money market mutual funds | $ | 174 | $ | — | $ | — | $ | 174 | |||||||||
Marketable securities | |||||||||||||||||
Commercial paper | — | 2,497 | — | 2,497 | |||||||||||||
Corporate notes and bonds | — | 57,092 | — | 57,092 | |||||||||||||
Government obligations | — | 1,996 | — | 1,996 | |||||||||||||
U.S. government and agency | — | 40,373 | — | 40,373 | |||||||||||||
— | 101,958 | — | 101,958 | ||||||||||||||
Total | $ | 174 | $ | 101,958 | $ | — | $ | 102,132 | |||||||||
December 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | |||||||||||||||||
Money market mutual funds | $ | 6,711 | $ | — | $ | — | $ | 6,711 | |||||||||
Marketable securities | |||||||||||||||||
Commercial paper | — | 5,497 | — | 5,497 | |||||||||||||
Corporate notes and bonds | — | 52,924 | — | 52,924 | |||||||||||||
Government obligations | — | 2,701 | — | 2,701 | |||||||||||||
U.S. government and agency | — | 42,130 | — | 42,130 | |||||||||||||
— | 103,252 | — | 103,252 | ||||||||||||||
Total | $ | 6,711 | $ | 103,252 | $ | — | $ | 109,963 | |||||||||
Liabilities: | |||||||||||||||||
Contingent consideration | |||||||||||||||||
Earnout liability | $ | — | $ | — | $ | 726 | $ | 726 | |||||||||
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, 2013 | $ | 726 | |||||||||||||||
Decrease in earnout liability due to payment | (726 | ) | |||||||||||||||
Balance at September 30, 2014 | $ | — | |||||||||||||||
Statements_of_Cash_Flows_Table
Statements of Cash Flows (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
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, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Supplemental Cash Flow Information | |||||||||||||||||
Cash paid for interest | $ | 39 | $ | 62 | $ | 145 | $ | 186 | |||||||||
Cash paid for income taxes | 96 | 171 | 193 | 224 | |||||||||||||
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, 2014 | |||||||||||||||||
Related Party Transactions [Abstract] | ' | ||||||||||||||||
Schedule of Information Regarding 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, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Accounts receivable | $ | 55 | $ | 804 | |||||||||||||
Current deferred revenue | 508 | 1,504 | |||||||||||||||
Non-current deferred revenue | 158 | 1,034 | |||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Revenues | $ | 278 | $ | 474 | $ | 737 | $ | 1,262 |
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, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Beginning balance, Shares Available for Grant | 2,030,319 |
Additional shares reserved, Shares Available for Grant | 2,720,200 |
Stock options granted, Shares Available for Grant | -1,014,500 |
Forfeited, Shares Available for Grant | 664,716 |
Exercised, Shares Available for Grant | 0 |
Ending balance, Shares Available for Grant | 2,964,397 |
Beginning balance, Outstanding Stock Options | 9,480,138 |
Stock options granted, Outstanding Stock Options | 1,014,500 |
Forfeited, Outstanding Stock Options | -664,716 |
Exercised, Outstanding Stock Options | -796,498 |
Ending balance, Outstanding Stock Options | 9,033,424 |
Exercisable at September 30, 2014, Outstanding Stock Options | 7,204,879 |
Vested and expected to vest, Outstanding Stock Options | 8,910,233 |
Beginning balance, Weighted average exercise price | $5.54 |
Stock options granted, Weighted average exercise price | $7.87 |
Forfeited, Weighted average exercise price | $13.40 |
Exercised, Weighted average exercise price | $2.16 |
Ending balance, Weighted average exercise price | $5.52 |
Exercisable at September 30, 2014, Weighted average exercise price | $4.22 |
Vested and expected to vest, Weighted average exercise price | $5.45 |
Balances, September 30, 2014, Weighted average remaining life (in years) | '5 years 9 months |
Exercisable at September 30, 2014, Weighted average remaining life (in years) | '5 years 18 days |
Vested and expected to vest, Weighted average remaining life (in years) | '5 years 8 months 16 days |
Aggregate intrinsic value, Balances, September 30, 2014 | $23,239 |
Aggregate intrinsic value, Exercisable at September 30, 2014 | 23,150 |
Aggregate intrinsic value, Vested and expected to vest | $23,238 |
Restricted stock units [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Stock units granted, Shares Available for Grant | -2,491,763 |
Forfeited, Shares Available for Grant | 1,292,688 |
Vested RSUs adjusted for taxes, Shares Available for Grant | 192,737 |
Performance stock units [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Stock units granted, Shares Available for Grant | -430,000 |
StockBased_Compensation_Schedu
Stock-Based Compensation - Schedule of Restricted Stock Activity (Detail) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Restricted stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Beginning balances, Number of shares | 4,796,112 |
Vested, Number of shares | -1,320,167 |
Forfeited, Number of shares | -1,292,688 |
Ending balances, Number of shares | 5,105,020 |
Beginning balances, Weighted average grant date fair value | $15.24 |
Vested, Weighted average grant date fair value | $14.42 |
Forfeited, Weighted average grant date fair value | $14.12 |
Ending balances, Weighted average grant date fair value | $11.74 |
Restricted stock units [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Granted, Number of shares | 2,491,763 |
Vested, Number of shares | -192,737 |
Forfeited, Number of shares | -1,292,688 |
Granted, Weighted average grant date fair value | $8.34 |
Performance stock units [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Granted, Number of shares | 430,000 |
Granted, Weighted average grant date fair value | $8.13 |
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, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | $8,195 | $10,119 | $26,820 | $24,508 |
Software development [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation capitalized related to capitalized software development costs | 211 | ' | 1,370 | ' |
Cost of revenues [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | 1,014 | 991 | 3,125 | 2,289 |
Research and development [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | 2,723 | 4,263 | 8,695 | 9,890 |
Sales and marketing [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | 2,526 | 2,910 | 9,153 | 7,539 |
General and administrative [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Allocated stock-based compensation expense | $1,932 | $1,955 | $5,847 | $4,790 |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' |
Unrecognized stock-based compensation | $57.40 |
Weighted average remaining vesting period | '2 years 2 months 12 days |
Net_Loss_Per_Share_Schedule_of
Net Loss 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, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Numerator: | ' | ' | ' | ' |
Net loss | ($12,109) | ($18,705) | ($44,063) | ($53,086) |
Denominator: | ' | ' | ' | ' |
Weighted-average common shares outstanding | 71,426 | 69,020 | 70,752 | 67,452 |
Less: Weighted-average unvested common shares subject to repurchase or forfeiture | -400 | -853 | -550 | -539 |
Weighted-average shares used to compute net loss per share, basic and diluted | 71,026 | 68,167 | 70,202 | 66,913 |
Net loss per share, basic and diluted | ($0.17) | ($0.27) | ($0.63) | ($0.79) |
Net_Loss_Per_Share_Summary_of_
Net Loss Per Share - Summary of Potentially Dilutive Securities that are not Included in Diluted Per Share (Detail) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share amount | 14,534,812 | 14,933,502 |
Stock options [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share amount | 9,033,424 | 10,169,823 |
Restricted stock [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share amount | 5,105,020 | 4,045,063 |
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 | 396,368 | 718,616 |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets - Goodwill (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Clara Ehf. [Member] | StreamOnce, Inc. [Member] | |||
Goodwill [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | $29,753 | $29,753 | $23,435 | ' | ' |
Acquisition | ' | ' | ' | 3,161 | 3,157 |
Balance, end of period | $29,753 | $29,753 | $23,435 | ' | ' |
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, 2014 | Dec. 31, 2013 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Accumulated amortization | ($16,182) | ($12,528) |
Intangible assets, net | 10,659 | 14,310 |
Acquired technology [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, gross | 20,441 | 20,441 |
Intangible assets, Accumulated amortization | -11,078 | -8,167 |
Intangible assets, net | 9,363 | 12,274 |
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 | -2,430 |
Intangible assets, net | 0 | 0 |
Covenant not to compete [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, gross | 2,028 | 2,028 |
Intangible assets, Accumulated amortization | -1,524 | -1,172 |
Intangible assets, net | 504 | 856 |
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 | 1,939 |
Intangible assets, Accumulated amortization | -1,147 | -759 |
Intangible assets, net | $792 | $1,180 |
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, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' |
Amortization expense related to intangible assets | $1,210 | $1,228 | $3,651 | $3,764 |
Goodwill_and_Other_Intangible_5
Goodwill and Other Intangible Assets - Expected Future Amortization Expense (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ' | ' |
Remainder of 2014 | $1,211 | ' |
2015 | 4,622 | ' |
2016 | 2,732 | ' |
2017 | 1,715 | ' |
2018 | 379 | ' |
Thereafter | 0 | ' |
Intangible assets, net | $10,659 | $14,310 |
Cash_Cash_Equivalents_and_Mark2
Cash, Cash Equivalents and Marketable Securities - Cash and Cash Equivalents and Marketable Securities (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Investment Holdings [Line Items] | ' | ' | ' | ' |
Unrealized Gains | $9 | $14 | ' | ' |
Unrealized Losses | -42 | -32 | ' | ' |
Estimated Fair Value | 101,958 | ' | ' | ' |
Cash equivalents, cost and estimated fair value | 174 | 6,711 | ' | ' |
Cash and cash equivalents, cost and estimated fair value | 27,184 | 38,415 | 42,606 | 48,955 |
Cash, cost and estimated fair value | 27,010 | 31,704 | ' | ' |
Cost | 129,175 | 141,685 | ' | ' |
Estimated Fair Value | 129,142 | 141,667 | ' | ' |
Money market mutual funds [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cash equivalents, cost and estimated fair value | 174 | 6,711 | ' | ' |
Short-term marketable securities [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cost | 71,002 | 69,806 | ' | ' |
Unrealized Gains | 8 | 6 | ' | ' |
Unrealized Losses | -18 | -3 | ' | ' |
Estimated Fair Value | 70,992 | 69,809 | ' | ' |
Short-term marketable securities [Member] | Commercial paper [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cost | 2,497 | 5,497 | ' | ' |
Estimated Fair Value | 2,497 | 5,497 | ' | ' |
Short-term marketable securities [Member] | Corporate notes and bonds [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cost | 46,305 | 38,645 | ' | ' |
Unrealized Gains | ' | 6 | ' | ' |
Unrealized Losses | -18 | ' | ' | ' |
Estimated Fair Value | 46,287 | 38,651 | ' | ' |
Short-term marketable securities [Member] | U.S. agency obligations [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cost | 22,200 | 22,963 | ' | ' |
Unrealized Gains | 8 | ' | ' | ' |
Unrealized Losses | ' | -3 | ' | ' |
Estimated Fair Value | 22,208 | 22,960 | ' | ' |
Short-term marketable securities [Member] | Government obligations [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cost | ' | 2,701 | ' | ' |
Estimated Fair Value | ' | 2,701 | ' | ' |
Marketable securities, noncurrent [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cost | 30,989 | 33,464 | ' | ' |
Unrealized Gains | 1 | 8 | ' | ' |
Unrealized Losses | -24 | -29 | ' | ' |
Estimated Fair Value | 30,966 | 33,443 | ' | ' |
Marketable securities, noncurrent [Member] | Corporate notes and bonds [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cost | 10,825 | 14,302 | ' | ' |
Unrealized Losses | -20 | -29 | ' | ' |
Estimated Fair Value | 10,805 | 14,273 | ' | ' |
Marketable securities, noncurrent [Member] | U.S. agency obligations [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cost | 18,169 | 19,162 | ' | ' |
Unrealized Gains | ' | 8 | ' | ' |
Unrealized Losses | -4 | ' | ' | ' |
Estimated Fair Value | 18,165 | 19,170 | ' | ' |
Marketable securities, noncurrent [Member] | Government obligations [Member] | ' | ' | ' | ' |
Investment Holdings [Line Items] | ' | ' | ' | ' |
Cost | 1,995 | ' | ' | ' |
Unrealized Gains | 1 | ' | ' | ' |
Estimated Fair Value | $1,996 | ' | ' | ' |
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, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ' | ' |
Due within 1 year | $70,992 | $69,809 |
Due within 1 year through 3 years | 30,966 | 33,443 |
Total marketable securities | $101,958 | ' |
Fair_Value_Measurements_Financ
Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Marketable securities | $101,958 | ' |
Level 3 [Member] | ' | ' |
Liabilities | ' | ' |
Contingent consideration, Earnout liability | 0 | 726 |
Fair value measurements, recurring [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 101,958 | 103,252 |
Total | 102,132 | 109,963 |
Liabilities | ' | ' |
Contingent consideration, Earnout liability | ' | 726 |
Fair value measurements, recurring [Member] | Money market mutual funds [Member] | ' | ' |
Assets | ' | ' |
Cash equivalents | 174 | 6,711 |
Fair value measurements, recurring [Member] | Commercial paper [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 2,497 | 5,497 |
Fair value measurements, recurring [Member] | Corporate notes and bonds [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 57,092 | 52,924 |
Fair value measurements, recurring [Member] | Government obligations [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 1,996 | 2,701 |
Fair value measurements, recurring [Member] | U.S. government and agency [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 40,373 | 42,130 |
Fair value measurements, recurring [Member] | Level 1 [Member] | ' | ' |
Assets | ' | ' |
Total | 174 | 6,711 |
Fair value measurements, recurring [Member] | Level 1 [Member] | Money market mutual funds [Member] | ' | ' |
Assets | ' | ' |
Cash equivalents | 174 | 6,711 |
Fair value measurements, recurring [Member] | Level 2 [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 101,958 | 103,252 |
Total | 101,958 | 103,252 |
Fair value measurements, recurring [Member] | Level 2 [Member] | Commercial paper [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 2,497 | 5,497 |
Fair value measurements, recurring [Member] | Level 2 [Member] | Corporate notes and bonds [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 57,092 | 52,924 |
Fair value measurements, recurring [Member] | Level 2 [Member] | Government obligations [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 1,996 | 2,701 |
Fair value measurements, recurring [Member] | Level 2 [Member] | U.S. government and agency [Member] | ' | ' |
Assets | ' | ' |
Marketable securities | 40,373 | 42,130 |
Fair value measurements, recurring [Member] | Level 3 [Member] | ' | ' |
Liabilities | ' | ' |
Contingent consideration, Earnout liability | ' | $726 |
Fair_Value_Measurements_Summar
Fair Value Measurements - Summary of Contingent Consideration Liability (Detail) (Level 3 [Member], USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Level 3 [Member] | ' |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' |
Beginning balance | $726 |
Decrease in earnout liability due to payment | -726 |
Ending balance | $0 |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | ' | ' | ' | ' |
Valuation techniques, description | ' | ' | 'There were no changes to our valuation techniques during the first nine months of 2014. | ' |
Other-than-temporary impairments | $0 | $0 | $0 | $0 |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Debt Instrument [Line Items] | ' |
Term loan facility | $30,000,000 |
Expiration of term loan | 23-May-15 |
Second loan modification agreement date with SVB | 18-Feb-14 |
Secured Debt [Member] | ' |
Debt Instrument [Line Items] | ' |
Letters of credit outstanding | 900,000 |
Line of credit outstanding | 0 |
Term loans outstanding | $6,600,000 |
Term loans, interest rate | 1.98% |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Commitments and Contingencies Disclosure [Abstract] | ' |
Operating leases future payments due | $22.80 |
Commitments under non-cancelable purchase orders | $5.70 |
Longest operating lease expiration period | '2020-03 |
Non-cancelable purchase order commitments period | 'The non-cancelable purchase order commitments will be filled at various times through the third quarter of 2016; and our longest operating lease expires in March 2020. |
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, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Supplemental Cash Flow Information | ' | ' | ' | ' |
Cash paid for interest | $39 | $62 | $145 | $186 |
Cash paid for income taxes | 96 | 171 | 193 | 224 |
StreamOnce, Inc. [Member] | ' | ' | ' | ' |
Supplemental Non-Cash Information | ' | ' | ' | ' |
Common stock issued in connection with acquisition of StreamOnce | ' | ' | ' | $852 |
RelatedParty_Transactions_Sche
Related-Party Transactions - Schedule of Information Regarding Related Party Transactions (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Related Party Transactions [Abstract] | ' | ' | ' | ' | ' |
Accounts receivable | $55 | ' | $55 | ' | $804 |
Current deferred revenue | 508 | ' | 508 | ' | 1,504 |
Non-current deferred revenue | 158 | ' | 158 | ' | 1,034 |
Revenues | $278 | $474 | $737 | $1,262 | ' |
Capitalized_Software_Developme1
Capitalized Software Development Costs and Internal-Use Software Development Costs - Additional Information (Detail) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Research and Development [Abstract] | ' | ' |
Capitalized software development costs included in other assets | $9,000,000 | ' |
Impairment charge related to capitalized software development costs | $0 | $0 |