Sailpoint Technologies 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	SAIL
Entity Registrant Name	SailPoint Technologies Holdings, Inc.
Entity Central Index Key	0001627857
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		90,681,170
Entity File Number	001-38297
Entity Tax Identification Number	47-1628077
Entity Address, Address Line One	11120 Four Points Drive
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78726
City Area Code	512
Local Phone Number	346-2000
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Common stock, par value $0.0001 per share
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 470,602	$ 443,795
Restricted cash	6,333	6,325
Accounts receivable, net of allowance	94,899	106,428
Prepayments and other current assets	28,247	27,870
Total current assets	600,081	584,418
Property and equipment, net	19,730	21,300
Right-of-use assets, net	28,562	31,104
Other non-current assets, net of allowance	37,853	30,554
Goodwill	241,121	241,051
Intangible assets, net	75,226	81,651
Total assets	1,002,573	990,078
Current liabilities
Accounts payable	3,176	3,224
Accrued expenses and other liabilities	35,475	40,214
Income taxes payable	99	1,994
Deferred revenue	128,311	127,132
Total current liabilities	167,061	172,564
Deferred tax liability - non-current	8,787	8,900
Convertible senior notes, net	317,755	309,051
Long-term operating lease liabilities	35,174	38,035
Other long-term liabilities	1,000	2,500
Deferred revenue - non-current	25,025	24,901
Total liabilities	554,802	555,951
Commitments and contingencies (Note 7)
Stockholders’ equity
Common stock, $0.0001 par value, authorized 300,000 shares, issued and outstanding 90,607 shares as of June 30, 2020 and 89,676 shares as of December 31, 2019	9	9
Preferred stock, $0.0001 par value, authorized 10,000 shares, no shares issued and outstanding as of June 30, 2020 and December 31, 2019
Additional paid in capital	461,785	442,407
Accumulated deficit	(14,023)	(8,289)
Total stockholders' equity	447,771	434,127
Total liabilities and stockholders’ equity	$ 1,002,573	$ 990,078

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	90,607,000	89,676,000
Common stock, shares outstanding	90,607,000	89,676,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue
Total revenue	$ 92,458	$ 63,054	$ 167,900	$ 123,637
Cost of revenue
Total cost of revenue	18,432	15,709	36,994	30,578
Gross profit	74,026	47,345	130,906	93,059
Operating expenses
Research and development	17,653	13,398	33,461	26,170
General and administrative	9,371	8,490	18,885	17,627
Sales and marketing	38,934	35,536	75,794	66,024
Total operating expenses	65,958	57,424	128,140	109,821
Income (loss) from operations	8,068	(10,079)	2,766	(16,762)
Other expense, net:
Interest income	169	379	1,441	425
Interest expense	(4,586)	(118)	(9,118)	(153)
Other, net	(112)	(306)	(436)	(723)
Total other expense, net	(4,529)	(45)	(8,113)	(451)
Income (loss) before income taxes	3,539	(10,124)	(5,347)	(17,213)
Income tax (expense) benefit	(497)	927	(28)	(374)
Net income (loss)	3,042	(9,197)	(5,375)	(17,587)
Net income (loss) available to common stockholders	$ 3,042	$ (9,197)	$ (5,375)	$ (17,587)
Net income (loss) per share
Basic	$ 0.03	$ (0.10)	$ (0.06)	$ (0.20)
Diluted	$ 0.03	$ (0.10)	$ (0.06)	$ (0.20)
Weighted average shares outstanding
Basic	90,328	88,767	90,095	88,533
Diluted	91,599	88,767	90,095	88,533
Licenses
Revenue
Total revenue	$ 34,880	$ 19,333	$ 55,884	$ 38,002
Cost of revenue
Total cost of revenue	1,106	1,015	2,186	2,074
Subscription
Revenue
Total revenue	45,922	33,711	89,803	65,546
Cost of revenue
Total cost of revenue	8,657	6,315	17,133	12,128
Services and other
Revenue
Total revenue	11,656	10,010	22,213	20,089
Cost of revenue
Total cost of revenue	$ 8,669	$ 8,379	$ 17,675	$ 16,376

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Retained Earnings (Accumulated Deficit)Cumulative Effect, Period of Adoption, Adjustment
Stockholders' Equity Balance at Dec. 31, 2018	$ 377,693		$ 9	$ 377,473	$ 211
Stockholders' Equity Balance, shares at Dec. 31, 2018			87,512
Exercise of stock options	1,796			1,796
Exercise of stock options, shares			488
Restricted stock units vested, net of tax settlement, shares			124
Stock-based compensation expense	9,609			9,609
Incentive units vested	37			37
Incentive units vested, shares			724
Common stock issued under employee stock plan	2,926			2,926
Common stock issued under employee stock plan, shares			202
Net income (loss)	(17,587)				(17,587)
Stockholders' Equity Balance at Jun. 30, 2019	374,474		$ 9	391,841	(17,376)
Stockholders' Equity Balance, shares at Jun. 30, 2019			89,050
Stockholders' Equity Balance at Mar. 31, 2019	375,151		$ 9	383,321	(8,179)
Stockholders' Equity Balance, shares at Mar. 31, 2019			88,598
Exercise of stock options	624			624
Exercise of stock options, shares			217
Restricted stock units vested, net of tax settlement, shares			33
Stock-based compensation expense	4,970			4,970
Common stock issued under employee stock plan	2,926			2,926
Common stock issued under employee stock plan, shares			202
Net income (loss)	(9,197)				(9,197)
Stockholders' Equity Balance at Jun. 30, 2019	374,474		$ 9	391,841	(17,376)
Stockholders' Equity Balance, shares at Jun. 30, 2019			89,050
Stockholders' Equity Balance at Dec. 31, 2019	434,127		$ 9	442,407	(8,289)
Stockholders' Equity Balance, shares at Dec. 31, 2019			89,676
Exercise of stock options	2,807			2,807
Exercise of stock options, shares			423
Restricted stock units vested, net of tax settlement	(236)			(236)
Restricted stock units vested, net of tax settlement, shares			332
Stock-based compensation expense	13,341			13,341
Common stock issued under employee stock plan	3,466			3,466
Common stock issued under employee stock plan, shares			176
Net income (loss)	(5,375)				(5,375)
Stockholders' Equity Balance at Jun. 30, 2020	447,771		$ 9	461,785	(14,023)
Stockholders' Equity Balance, shares at Jun. 30, 2020			90,607
Stockholders' Equity Balance at Mar. 31, 2020	432,704		$ 9	449,760	(17,065)
Stockholders' Equity Balance, shares at Mar. 31, 2020			90,169
Exercise of stock options	1,490			1,490
Exercise of stock options, shares			195
Restricted stock units vested, net of tax settlement	(81)			(81)
Restricted stock units vested, net of tax settlement, shares			67
Stock-based compensation expense	7,150			7,150
Common stock issued under employee stock plan	3,466			3,466
Common stock issued under employee stock plan, shares			176
Net income (loss)	3,042				3,042
Stockholders' Equity Balance at Jun. 30, 2020	$ 447,771		$ 9	$ 461,785	$ (14,023)
Stockholders' Equity Balance, shares at Jun. 30, 2020			90,607
Stockholders' Equity Balance | ASC 326		$ (359)				$ (359)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities
Net loss	$ (5,375)	$ (17,587)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization expense	9,151	6,890
Amortization of debt discount and issuance costs	8,788	51
Amortization of contract acquisition costs	6,058	4,691
Gain on disposal of fixed assets	(5)	(21)
Provision for credit losses	805	89
Stock-based compensation expense	13,341	9,609
Operating leases, net	(222)	443
Deferred taxes	(113)
Net changes in operating assets and liabilities
Accounts receivable	10,365	30,767
Prepayments and other current assets	(6,380)	(6,131)
Other non-current assets	(7,382)	(1,820)
Accounts payable	(48)	(1,192)
Accrued expenses and other liabilities	(6,338)	(3,531)
Income taxes	(1,895)	(1,552)
Deferred revenue	1,303	1,123
Net cash provided by operating activities	22,053	21,829
Investing activities
Purchase of property and equipment	(1,286)	(3,623)
Proceeds from sale of property and equipment	11	17
Net cash used in investing activities	(1,275)	(3,606)
Financing activities
Payment of debt issuance costs		(829)
Taxes associated with net issuances of shares upon vesting of restricted stock units	(236)
Proceeds from employee stock purchase plan contributions	3,466	2,926
Exercise of stock options	2,807	1,796
Net cash provided by financing activities	6,037	3,893
Net increase in cash, cash equivalents and restricted cash	26,815	22,116
Cash, cash equivalents and restricted cash, beginning of period	450,120	77,236
Cash, cash equivalents and restricted cash, end of period	$ 476,935	$ 99,352

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business and Summary of Significant Accounting Policies	1. Description of Business and Summary of Significant Accounting Policies SailPoint Technologies Holdings, Inc. (“we,” “our,” “the Company” or “SailPoint”) was incorporated in the state of Delaware on August 8, 2014, in preparation for the purchase of SailPoint Technologies, Inc. The purchase occurred on September 8, 2014 Basis of Presentation The accompanying unaudited condensed consolidated financial statements , which include the accounts of the Company and its wholly owned subsidiaries, The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the balance sheets, statements of operations, statements of stockholders’ equity These financial statements and accompanying notes should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, which was filed with the SEC on February Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Management periodically evaluates such estimates and assumptions for continued reasonableness. In particular, we make estimates with respect to the fair value allocation of multiple performance obligation in revenue recognition, the valuation allowance based on expected credit losses and the collectability of accounts receivable, valuation and estimated useful lives of long-lived assets, fair value of the liability and equity components of the Notes (as defined below), stock-based compensation expense and income taxes. Appropriate adjustments, if any, to the estimates used are made prospectively based upon periodic evaluation. Actual results could differ from those estimates. Concentration of Credit Risk and Other Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and accounts assets Significant Accounting Policies The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes in the Annual Report, most notably Note 2 “Summary of Significant Accounting Policies.” Except for the adoption of ASU 2016-13 described below, there have been no changes to our significant accounting policies described in our Annual Report that have had a material impact on our condensed consolidated financial statements and related notes. Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (ASU 2018-15), which clarifies the accounting for implementation costs in cloud computing arrangements (“CCAs”). ASU 2018-15 is effective for public entities for annual periods, including interim periods within those annual periods beginning after December 15, 2019 and earlier adoption is permitted. We adopted the standard effective January 1, 2020, using the prospective approach. This adoption did not have a material impact on the Company’s condensed consolidated financial statements. The Company evaluates if the CCA includes a license to internal-use software. If the CCA includes a software license, the Company accounts for the software license as an intangible asset. Acquired software licenses are recognized and measured at cost, which includes the present value of the license obligation if the license is to be paid for over time. If the CCA does not include a software license, the Company accounts for the arrangement as a service contract (or hosting arrangement) and hosting costs are generally expensed as incurred. With the adoption of ASU 2018-15, the Company evaluates upfront costs including implementation, set-up or other costs (collectively, implementation costs) for hosting arrangements under the internal-use software framework. Costs related to preliminary project activities and post implementation activities are expensed as incurred, whereas costs incurred in the development stage are generally capitalized. Capitalized implementation costs are recorded in prepayments and other current assets or other non-current assets and amortized over the expected term of the arrangement, which includes consideration of the non-cancellable contractual term and reasonably certain renewal options. During the six months ended June 30, 2020, the Company’s capitalized implementation costs related to hosting arrangements were not material. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses (Accounting Standards Codification or ASC On January 1, 2020, we adopted ASC 326 using the modified retrospective transition method, which requires a cumulative adjustment, if applicable, to be recorded to accumulated deficit. In addition, it is important to note that under the modified retrospective transition method, our prior period results were not recast to reflect this standard. We implemented internal controls and key system functionality to enable the preparation of financial information upon adoption. We recorded a cumulative adjustment in the amount of $0.4 million, net of tax impact, to accumulated deficit as of January 1, 2020. This adoption did not have a material impact on our condensed consolidated statement of operations or statement of cash flows. In December 2019, the FASB issued ASU 2019-12, “Income Taxes – Simplifying the Accounting for Income Taxes.” The guidance removes exceptions to the general principles in Topic 740 for allocating tax expense between financial statement components, accounting basis differences stemming from an ownership change in foreign investments and interim period income tax accounting for year-to-date losses that exceed projected losses. The guidance becomes effective for annual reporting periods beginning after December 15, 2020 and interim periods within those fiscal years with early adoption permitted in the first period of the year this guidance is adopted. We adopted the standard effective January 1, 2020, using the prospective approach except for hybrid tax regimes, which we adopted using the modified retrospective approach. This adoption did not have a material impact on the Company’s condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Revenue Recognition	2. Revenue Recognition Disaggregation of Revenue The Company’s revenue by geographic region based on the customer’s location is presented in Note 13 “Segment and Geographic Information.” The following table presents the Company’s revenue by timing of revenue recognition to understand the risks of timing of transfer of control and cash flows: Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 License Subscription Services and other License Subscription Services and other (In thousands) Timing of revenue recognition Revenue recognized at a point in time $ 34,880 $ — $ — $ 19,333 $ — $ — Revenue recognized over time — 45,922 11,656 — 33,711 10,010 Total revenue $ 34,880 $ 45,922 $ 11,656 $ 19,333 $ 33,711 $ 10,010 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 License Subscription Services and other License Subscription Services and other (in thousands) Timing of revenue recognition Revenue recognized at a point in time $ 55,884 $ — $ — $ 38,002 $ — $ — Revenue recognized over time — 89,803 22,213 — 65,546 20,089 Total revenue $ 55,884 $ 89,803 $ 22,213 $ 38,002 $ 65,546 $ 20,089 Contract Balances A summary of the activity impacting our contract balances during the reporting periods is presented below: Contract Acquisition Costs Six Months Ended June 30, 2020 June 30, 2019 (In thousands) Beginning Balance $ 35,152 $ 28,043 Additional deferred contract acquisition costs 10,360 5,283 Amortization of deferred contract acquisition costs (6,058 ) (4,691 ) Ending Balance $ 39,454 $ 28,635 As of June 30, 2020 and December 31, 2019, $12.1 million and $10.9 million, respectively, of our deferred contract acquisition costs are included in prepayments and other current assets as they are expected to be amortized within the next 12 months. The remaining amount of our deferred contract acquisition costs are included in other non-current assets. Deferred Revenue Six Months Ended June 30, 2020 June 30, 2019 (In thousands) Beginning Balance $ 152,033 $ 114,301 Increase, net 1,303 1,123 Ending Balance $ 153,336 $ 115,424 Deferred revenue, which is a contract liability, consists primarily of amounts invoiced in advance of revenue recognition under the Company’s contracts with customers and is recognized as the revenue recognition criteria are met. During the three and six months ended June 30, 2020, revenue recognized that was previously deferred was $49.9 million and $88.6 million, respectively, compared to revenue recognized that was previously deferred of approximately $39.0 million and $68.8 million during the three and six months ended June 30, 2019. The difference between the opening and closing balances of the Company’s contract assets and deferred revenue primarily results from the timing difference between the Company’s performance and the customer billings. Contract assets primarily relate to unbilled amounts, which are netted with deferred revenue at the contract level, and typically result from sales contracts where revenue recognized exceeds the amount billed to the customer, and the right to payment is subject to more than the passage of time. Contract assets are transferred to accounts receivable when the rights become unconditional and the customer is billed. Contract assets are included in prepayments and other current assets and other non-current assets in the condensed consolidated balance sheets. Remaining Performance Obligations Our contracts with customers include amounts allocated to performance obligations that will be satisfied at a later date. These remaining performance obligations represent contract revenue that has not yet been recognized and is included in deferred revenue, the balance of which includes both invoices that have been issued to customers but have not been recognized as revenue and amounts that will be invoiced and recognized as revenue in future periods. As of June 30, 2020, amounts allocated to these additional performance obligations are $244.4 million, of which we expect to recognize $156.9 million as revenue over the next 12 months with the remaining balance recognized thereafter.

Allowance for Expected Credit L

Allowance for Expected Credit Losses	6 Months Ended
	Jun. 30, 2020
Credit Loss [Abstract]
Allowance for Expected Credit Losses	3. Allowance for Expected Credit Losses The allowance for expected credit losses is a valuation account that is deducted from the financial asset’s amortized cost basis to present the net amount expected to be collected on contracts with customers. Accounts receivable and contract assets are written off when management believes non-collectability is confirmed. Recoveries of financial assets previously written off shall be recorded when received against the provision for credit losses. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions and reasonable and supportable forecasts over a financial asset’s contractual term. The Company’s historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made from qualitative and quantitative factors if economic conditions at the reporting date reflect stronger or weaker economic performance than the historical data implies based on management’s expectations of economic conditions on certain indicators of the Company, industry and economy. We review factors such as past collection experience, age of the accounts receivable balance, significant trends in current balances, internal operations and macroeconomic conditions. As of June 30, 2020, SailPoint evaluated these economic conditions and made adjustments to historical loss information for certain economic risk factors, such as COVID-19. In development of the expected credit loss model, we evaluated our financial assets with similar risk characteristics on a collective (pool) basis for their respective estimated and expected credit loss allowance. A financial asset will be measured individually only if it does not share similar risk characteristics with other financial assets. We believe that historical credit loss patterns by aging bucket and invoice type for accounts receivable are the most significant risk characteristics. We believe that invoice type historical loss patterns differ between renewals and new business. The Company notes expected credit loss is developed for the contractual life of the financial asset, which accounts receivable and contract assets can be viewed as one financial asset. However, a low percentage of our contract assets do not convert to accounts receivable. Therefore, we consider all contract assets as a single pool. The following table presents the changes in the allowance for expected credit losses for financial assets measured at amortized cost: Accounts Receivable Contract Assets Six Months Ended June 30, 2020 (In thousands) Beginning Balance $ — $ — Adoption of ASC 326 407 65 Provision for credit losses, net of recoveries 764 41 Write-offs (438 ) — Ending Balance $ 733 $ 106

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	4. Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables present the Company’s financial assets that are measured at fair value on a recurring basis: As of June 30, 2020 Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash equivalents: Money market funds $ 5,125 — — $ 5,125 Total cash equivalents $ 5,125 — — $ 5,125 As of December 31, 2019 Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash equivalents: Money market funds $ 364,127 — — $ 364,127 Total cash equivalents $ 364,127 — — $ 364,127 The Company’s carrying amounts of financial instruments, including cash, accounts receivable, accounts payable, and accrued expenses are considered Level 1 and approximate their fair values due to their short maturities as of June 30, 2020 and December 31, 2019 and are excluded from the fair value tables above. See Note 9 “Convertible Senior Notes and Capped Call Transactions” for the carrying amount and estimated fair value of our Notes (as defined below) as of June 30, 2020.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Business Combinations	5. Business Combinations 2019 Acquisitions Orkus On October 15, 2019, the Company acquired 100% of the equity interest in Orkus, Inc. (“Orkus”), a Delaware corporation engaged in the development and license of software products to assist customers in monitoring and controlling access and authorization across hybrid cloud assets. Total consideration related to the acquisition was $16.5 million in cash, of which $2.0 million is to be paid upon the lapse of an indemnification period of 12 months and 24 months of the acquisition date. As of June 30, 2020 and December 31, 2019, $1.0 million of holdback amount is reflected within accrued expenses and other liabilities and $1.0 million is included in other long-term liabilities in the condensed The following table summarizes the final purchase price allocation as of the date of acquisition: As of October 15, 2019 (In thousands) Cash and cash equivalents $ — Prepayments and other current assets 34 Right-of-use assets 90 Goodwill 7,637 Intangible assets 9,760 Accounts payable (21 ) Accrued expenses and other liabilities (133 ) Deferred tax liability - non-current (861 ) Total fair value of assets acquired and liabilities assumed $ 16,506 The following table presents the estimated fair values and useful lives of the identifiable intangible assets acquired: Amount Estimated Useful Life (In thousands) (In years) Developed technology $ 9,760 5 Overwatch.ID On October 15, 2019, the Company acquired 100% of the equity interest in Overwatch.ID, Inc. (“Overwatch.ID”), a Delaware corporation engaged in the development and license of software products focused on access controls security for cloud applications, cloud computing, hybrid IT environments, and on-premises infrastructure. The consideration related to the acquisition was $20.9 million in cash, of which $3.0 million is to be paid upon the lapse of an indemnification period of 12 months and 18 months of the acquisition date. As of June 30, 2020 and December 31, 2019, $3.0 million and $1.5 million, respectively, of the holdback is included within accrued expenses and other current liabilities in the condensed condensed The following table summarizes the final purchase price allocation as of the date of acquisition: As of October 15, 2019 (In thousands) Cash and cash equivalents $ 45 Accounts receivable 66 Prepayments and other current assets 103 Deferred tax asset - non-current 687 Right-of-use assets 175 Goodwill 14,107 Intangible assets 6,610 Accounts payable (256 ) Accrued expenses and other liabilities (185 ) Deferred revenue (466 ) Total fair value of assets acquired and liabilities assumed $ 20,886 The following table presents the estimated fair values and useful lives of the identifiable intangible assets acquired: Amount Estimated Useful Life (In thousands) (In years) Developed technology $ 6,610 5 Additional Acquisition Related Information The operating results of the acquired companies are included in our condensed condensed These acquisitions have been accounted for as business combinations. Assets acquired and liabilities assumed have been recorded at their estimated fair values as of the respective acquisition date. The Company finalized the purchase price within the required one-year measurement period as of the dates of acquisition. The fair value of developed technology was estimated using the replacement cost method (Level 3), which utilized assumptions for the cost to replace, such as the workforce, timing and resources required, as well as a theoretical developer’s profit margin and entrepreneurial incentive and opportunity cost. The Company believes that for each acquisition, the acquired companies will provide opportunities for growth through investing in additional products and capabilities, among other factors. This contributed to a purchase price in excess of the estimated fair value of each acquired company’s net identifiable assets acquired and, as a result, goodwill was recorded in connection with each acquisition. The excess of the purchase price over the tangible assets, identifiable intangible assets and assumed liabilities was recorded as goodwill. Goodwill arising from these acquisitions are not deductible for tax purposes.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6. Goodwill and Intangible Assets Goodwill The following table reflects goodwill activity for the six months ended June 30, 2020: (In thousands) Balance, December 31, 2019 $ 241,051 Measurement period adjustments 70 Balance, June 30, 2020 $ 241,121 There were no impairments of goodwill during the periods ended June 30, 2020 or 2019. Total cost and amortization of intangible assets are comprised of the following: As of Weighted Average Useful Life June 30, 2020 December 31, 2019 Intangible assets, net (In years) (In thousands) Customer lists 15 $ 42,500 $ 42,500 Developed technology 8.9 58,370 58,440 Trade names and trademarks 17 24,500 24,500 Other intangible assets 4.8 3,689 3,689 Total intangible assets 129,059 129,129 Less: Accumulated amortization (53,833 ) (47,478 ) Total intangible assets, net $ 75,226 $ 81,651 Amortization expense for the following periods is as follows: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) Cost of revenue - licenses $ 1,008 $ 1,008 $ 2,016 $ 2,016 Cost of revenue - subscription 911 96 1,821 192 Research and development 190 159 381 318 Sales and marketing 1,069 1,068 2,137 2,136 Total amortization expense $ 3,178 $ 2,331 $ 6,355 $ 4,662 Periodically, the Company evaluates intangible assets for possible impairment. There were no impairments of intangible assets during the periods ended June 30, 2020 or 2019. The total estimated future amortization expense of these intangible assets as of June 30, 2020 is as follows: Year Ending December 31, (in thousands) 2020 (except the six months ended June 30) $ 6,312 2021 12,585 2022 12,247 2023 11,744 2024 9,412 Thereafter 22,926 Total amortization expense $ 75,226

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	7. Commitments and Contingencies Letters of Credit As of June 30, 2020 and December 31, 2019, the Company had an aggregate of $6.0 million of cash collateral for an unconditional standby letter of credit related to the Company’s corporate headquarters lease. The Company is also required to maintain a small amount of restricted cash to guarantee rent payments in a foreign subsidiary. Operating Leases As of June 30, 2020, our leases, which primarily consist of office leases, have remaining lease terms of less than one year to nine years. Certain leases include early termination and/or extension options; however, exercise of these options is at the Company’s sole discretion. As of June 30, 2020, the Company determined it is not reasonably certain it will exercise the options to extend its leases or terminate them early. As of June 30, 2020, we have no financing leases and our non-cancelable operating lease commitments excludes variable consideration. The undiscounted annual future minimum lease payments are summarized by year in the table below: Year Ending December 31, (in thousands) 2020 (except the six months ended June 30) $ 2,761 2021 5,773 2022 5,686 2023 5,238 2024 4,944 Thereafter 22,283 Total minimum lease payments 46,685 Less: interest (7,462 ) Total present value of operating lease liabilities $ 39,223 Current operating lease liabilities $ 4,049 Long-term operating lease liabilities 35,174 Total operating lease liabilities $ 39,223 Indemnification Arrangements In the ordinary course of business, the Company enters into contractual arrangements under which it agrees to provide indemnification of varying scope and terms to customers, business partners and other parties with respect to certain matters, including losses arising out of the breach of such agreements, intellectual property infringement claims made by third parties, and other liabilities with respect to our products and services and business. In these circumstances, payment may be conditional on the other party making a claim pursuant to the procedures specified in a particular contract. The Company includes service level commitments to customers of our cloud-based products warranting certain levels of uptime reliability and performance and permitting those customers to receive credits in the event that we fail to meet those levels. To date, the Company has not incurred any material costs as a result of these commitments, and we expect the time between any potential claims and issuance of the credits to be short. As a result, we have not accrued any liabilities related to these commitments in our condensed consolidated financial statements. Litigation Claims and Assessments The Company is subject to claims and suits that may arise from time to time in the ordinary course of business. In addition, some legal actions, claims and governmental inquiries may be instituted or asserted in the future against us and our subsidiaries. Although the outcome of our legal proceedings cannot be predicted with certainty and no assurances can be provided, based upon current information, we do not believe the liabilities, if any, which may ultimately result from the outcome of such matters, individually or in the aggregate, will have a material adverse impact on our condensed consolidated financial statements.

Credit Agreement

Credit Agreement	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Credit Agreement	8. Credit Agreement In 2019, SailPoint Technologies, Inc., as borrower, and certain of our other wholly owned subsidiaries entered into a credit agreement (as amended, restated, amended and restated, supplemented or otherwise modified from time to time through the date hereof, the “Credit Agreement”). The Credit Agreement is guaranteed by SailPoint Technologies Intermediate Holdings, LLC, a wholly owned subsidiary, and the Borrower’s material domestic subsidiaries (the “Guarantors” and, together with the Borrower, the “Loan Parties”) and is supported by a security interest in substantially all of the Loan Parties’ personal property and assets. Later in 2019, the Company amended the Credit Agreement in connection with the issuance and sale of the Notes (as defined below). Such amendment included a decrease in the commitments for revolving credit loans from $150.0 million to $75.0 million with a $15.0 million letter of credit sublimit, which amount can be increased or decreased under certain circumstances and is subject to certain financial covenants. In addition, the Credit Agreement provides for the ability to incur uncommitted term loan facilities if, among other things, the Senior Net Leverage Ratio (as defined in the Credit Agreement), calculated giving pro forma effect to the requested term loan facility, is no greater than 3.50 to 1.00. Borrowings pursuant to the Credit Agreement may be used for working capital and other general corporate purposes, including acquisitions permitted under the Credit Agreement. The agreement has established priority for the lenders party over all assets of the Company. The interest rates applicable to revolving credit loans under the Credit Agreement are at the Company’s option. The Company pays an unused commitment fee during the term of the Credit Agreement ranging from 0.20% to 0.30% per annum based on the Senior Secured Net Leverage Ratio. Borrowings under the Credit Agreement are scheduled to mature in March 2024 The Company had no The Company incurred total debt issuance costs of $0.8 million in connection with the Credit Agreement, which the net balance is included in other non-current assets in the accompanying condensed consolidated balance sheets. These costs are being amortized to interest expense over the life of the Credit Agreement on a straight-line basis. Amortization of debt issuance for the periods ended June 30, 2020 and 2019 was not material and recorded in interest expense in the accompanying condensed consolidated statements of operations.

Convertible Senior Notes and Ca

Convertible Senior Notes and Capped Call Transactions	6 Months Ended
	Jun. 30, 2020
Convertible Senior Notes and Capped Call Transactions
Debt Instrument [Line Items]
Convertible Senior Notes and Capped Call Transactions	9. Convertible Senior Notes and Capped Call Transactions In September 2019, the Company issued and sold $400.0 million aggregate principal amount of 0.125% Convertible Senior Notes due 2024 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The net proceeds from the Offering were $391.2 million, after deducting discounts and commissions and other fees and expenses payable by the Company in connection with the Offering. The Company used $37.1 million of the net proceeds from the Offering to pay the cost of the Capped Call Transactions (as defined below). The Notes were issued pursuant to an indenture (the “Indenture”), by and between the Company and U.S. Bank National Association, as trustee. The Notes are senior unsecured obligations of the Company and will mature on September 15, 2024, unless earlier redeemed, repurchased or converted. The Notes bear interest at a fixed rate of 0.125% per year payable semiannually in arrears on March 15 and September 15 of each year. The Notes will be convertible at the option of the holders at any time prior to the close of business on the business day immediately preceding March 15, 2024, only under the following circumstances: • during any calendar quarter commencing after the calendar quarter ending on December 31, 2019 (and only during such calendar quarter), if the last reported sale price of the Company’s common stock, for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; • during the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price (as defined in the Indenture) per $1,000 principal amount of the Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of common stock and the conversion rate for the Notes on each such trading day; • if the Company calls any or all of the Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date; or • upon the occurrence of specified corporate events as set forth in the Indenture. On or after March 15, 2024 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their Notes, in multiples of $1,000 principal amount, at the option of the holder regardless of the foregoing circumstances. Upon conversion, the Company may satisfy its conversion obligation by paying and/or delivering, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election, in the manner and subject to the terms and conditions provided in the Indenture. It is the Company’s current intent to settle the principal amount of the Notes with cash. The Notes are convertible at an initial conversion rate of 35.1849 shares of common stock per $1,000 principal amount of the Notes, which is equivalent to an initial conversion price of $28.42 per share of common stock, subject to adjustment upon the occurrence of specified events. The conversion rate is subject to adjustment under certain circumstances in accordance with the terms of the Indenture. In addition, following certain corporate events that occur prior to the maturity date or if the Company delivers a notice of redemption, the Company will, in certain circumstances, increase the conversion rate for a holder who elects to convert its Notes in connection with such a corporate event or notice of redemption, as the case may be. For example, upon the occurrence of a make-whole fundamental change, as defined in the purchase agreement, the Company will, in certain circumstances, increase the conversion rate by a number of additional shares for a holder that elects to convert its Notes in connection with such make-whole fundamental change or during the relevant redemption period. The Company may not redeem the Notes prior to September 20, 2022. The Company may redeem for cash all or any portion of the Notes, at its option, on or after September 20, 2022, if the last reported sale price of common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the Notes, which means that the Company is not required to redeem or retire the Notes periodically. If the Company undergoes a fundamental change (as defined in the Indenture), holders may require the Company to repurchase for cash all or any portion of their Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date. The Indenture includes customary covenants and sets forth certain events of default after which the Notes may be declared immediately due and payable and sets forth certain types of bankruptcy or insolvency events of default involving the Company after which the Notes become automatically due and payable. The Company was in compliance with all applicable covenants as of June 30, 2020. As of June 30, 2020, the conditions allowing holders of the Notes to convert have not been met since issuance, and therefore, the Notes were classified as long-term debt on our condensed consolidated balance sheets. In accounting for the issuance of the Notes, we separated the Notes into liability and equity components. The carrying amounts of the liability components of the Notes were calculated by measuring the fair value of similar debt instruments that do not have an associated convertible feature. The carrying amounts of the equity components, representing the conversion option, were determined by deducting the fair value of the liability components from the par value of the Notes. This difference represents the debt discount that is amortized to interest expense over the terms of the Notes using the effective interest rate method. The carrying amount of the equity components representing the conversion options was $88.8 million for the Notes and is recorded in additional paid in capital and are not remeasured as long as they continue to meet the conditions for equity classification. The Company allocates transaction costs related to the issuance of the Notes to the liability and equity components using the same proportions as the initial carrying value of the Notes. Transaction costs attributable to the liability component were $6.8 million and are being amortized to interest expense at an effective interest method rate of 5.25% over the term of the Notes. Transaction costs attributable to the equity component were $2.0 million and are netted with the equity component of the Notes in additional paid in capital. As of June 30, 2020, the Notes have a remaining life of 51 months. The net carrying amount of the liability and equity components of the Notes for the periods presented is as follows: As of June 30, 2020 December 31, 2019 (In thousands) Liability component Principal $ 400,000 $ 400,000 Unamortized discount (76,512 ) (84,542 ) Unamortized issuance costs (5,733 ) (6,407 ) Net carrying amount $ 317,755 $ 309,051 Equity component, net of issuance costs $ 86,764 $ 86,764 The interest expense recognized related to the Notes for the periods presented is as follows: Three Months Ended Six Months Ended June 30, 2020 June 30, 2020 (In thousands) Contractual interest expense $ 125 $ 250 Amortization of debt discount 4,042 8,031 Amortization of debt issuance costs 337 674 Total $ 4,504 $ 8,955 As of June 30, 2020, the total estimated fair value of the Notes was $449.3 million. The fair value was determined based on the closing trading price per $100 of the Notes as of the last day of trading for the period. The fair value of the Notes is primarily affected by the trading price of our common stock and market interest rates. The fair value of the Notes is considered Level 2 within the fair value hierarchy and was determined based on inputs that are observable in the market or that could be derived from, or corroborated with, observable market data, and quoted prices of the Notes in an over-the-counter market. Capped Call Transactions In September 2019, in connection with the pricing of the Notes and in connection with the initial purchasers’ exercise in full of their option to purchase additional Notes, the Company entered into privately negotiated capped call transactions (the “Capped Call Transactions”) with the initial purchasers or their respective affiliates and another financial institution. The Capped Call Transactions cover, subject to anti-dilution adjustments substantially similar to those applicable to the Notes, 14.1 million shares of common stock. The Capped Call Transactions are generally expected to reduce potential dilution to common stock upon any conversion of the Notes and/or offset any potential cash payments the Company is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap. The Capped Call Transactions have an initial strike price of $28.42 per share, which corresponds to the initial conversion price of the Notes and is subject to certain adjustments. The cap price of the Capped Call Transactions is initially $41.34 per share, which is subject to certain adjustments. For accounting purposes, the Capped Calls Transactions are separate transactions and not part of the terms of the Notes. As the Capped Call Transactions are considered indexed to our own stock and are considered equity classified, they are recorded in stockholders’ equity and are not accounted for as derivatives. The cost of $37.1 million incurred in connection with the Capped Call Transactions was recorded as a reduction to additional paid in capital.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	10. Stock-Based Compensation 2015 Stock Option Plans In 2015, the Company adopted (i) the Amended and Restated 2015 Stock Option and Grant Plan and (ii) the 2015 Stock Incentive Plan (together the “2015 Stock Option Plans”) under which it may grant incentive stock options (“ISOs”), nonqualified stock options (“NSOs”) for the right to purchase shares of common stock and grant restricted stock units (“RSUs”). The 2015 Stock Option Plans reserve 5.0 million shares of common stock for issuance as ISOs, 0.5 million shares of RSUs and 0.25 million shares for issuance under the 2015 Stock Incentive Plan. Under the 2015 Stock Option Plans, ISOs may not be granted at less than fair market value on the date of the grant and generally vest over a four-year As of June 30, 2020, 0.6 million shares were available for issuance under the 2015 Stock Option Plans, including less than 0.1 million shares available for issuance under the 2015 Stock Incentive Plan. The Company currently uses authorized and unissued shares to satisfy share award exercises. 2017 Long Term Incentive Plan In November 2017, the Company’s Board of Directors adopted the 2017 Long Term Incentive Plan (the “2017 Plan”) under which it may grant stock options, NSOs to purchase shares of common stock and RSUs. As of June 30, 2020, the Company had reserved 17.7 million shares of common stock available for issuance under the 2017 Plan to employees, directors, officers and consultants of the Company and its subsidiaries. The number of shares of common stock available for issuance under the 2017 Plan is increased on each January 1 by 4.4 million shares of common stock. Options and RSUs granted to employees under the 2017 Plan generally vest over four years. Common stock subject to an award that expires or is canceled, forfeited, exchanged or otherwise terminated without delivery of shares, and shares withheld or surrendered to pay the exercise price of, or to satisfy the withholding obligations with respect to an award, will become available for future grants under the 2017 Plan. As of June 30, 2020, 11.3 million shares were available for issuance under the 2017 Plan. The Company currently uses authorized and unissued shares to satisfy share award exercises. The fair value for the Company’s stock options granted and Employee Stock Purchase Plan (the "ESPP") purchase rights, as discussed further below, during the periods presented were estimated at grant date using a Black Scholes option-pricing model using the following weighted average assumptions: Stock Options ESPP June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Expected dividend rate 0% 0% 0% 0% Expected volatility 50.8% - 56.2% 39.3% - 39.8% 48.1% - 56.2% 39.8% - 46.0% Risk-free interest rate 0.42% - 1.53% 1.84% - 2.59% 0.18% - 1.57% 2.29 - 2.44% Expected term (in years) 6.25 6.25 0.50 0.42 - 0.50 The following table summarizes stock option activity for the six months ended June 30, 2020: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (In thousands) (Per share) (Years) (In thousands) Balances at December 31, 2019 2,786 $ 13.67 7.7 $ 31,489 Granted 585 $ 24.68 Exercised (423 ) $ 6.64 Forfeited (224 ) $ 20.45 Balances at June 30, 2020 2,724 $ 16.57 7.9 $ 28,640 Options vested and expected to vest at June 30, 2020 2,724 $ 16.57 7.9 $ 28,640 Options vested and exercisable at June 30, 2020 1,124 $ 9.92 6.6 $ 19,183 The Company expects all outstanding stock options to fully vest. The weighted average grant date fair value per share for the six months ended June 30, 2020 and 2019 was $8.82 and $12.06, respectively. The total fair value of shares vested for the three and six months ended June 30, 2020 was $0.9 million and $3.7 million, respectively, compared to approximately $0.5 million and $2.9 million for the three and six months ended June 30, 2019, respectively. The total unrecognized compensation expense related to non-vested stock options granted is $15.0 million and is expected to be recognized over a weighted average period of 2.7 years as of June 30, 2020. Incentive Unit Plan In 2014 and 2015, the Company granted shares of the Company’s common stock (the “incentive units”) to certain members of management pursuant to restricted stock agreements (the “RSAs”). The incentive units were granted with an exercise price equal to the fair market value on the date of grant, are subject to vesting, and if exercised in advance of vesting were subject to the Company’s right to repurchase until vested. The Company did not grant any additional incentive units during the periods ended June 30, 2020. During the first quarter of 2019, all of the remaining 0.7 million incentive units were vested with a weighted average grant date fair value of $0.05 per share. Therefore, subsequent to the first quarter of 2019, we incurred no additional stock-based compensation expense and there is no further unrecognized compensation expense or intrinsic value related to non-vested incentive units. Restricted Stock Units The following table summarizes the RSU activity for the Company for the six months ended June 30, 2020: Number of Shares Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (In thousands) (Per share) (Years) (In thousands) Balances at December 31, 2019 1,881 $ 23.08 1.6 $ 44,386 Granted 1,875 $ 22.55 Vested (342 ) $ 26.02 Forfeited (179 ) $ 23.17 Balances at June 30, 2020 3,235 $ 22.46 1.7 $ 85,626 Units expected to vest at June 30, 2020 3,235 $ 22.46 1.7 $ 85,626 The Company expects all outstanding RSUs to fully vest. The total unrecognized compensation related to RSUs was Employee Stock Purchase Plan The Company initially reserved 1.8 million shares of common stock for issuance under the ESPP. The number of shares available for issuance under the ESPP increases each January 1 by 0.9 million shares of common stock. The ESPP will continue in effect unless terminated prior thereto by the Company’s board of directors or compensation committee, each of which has the right to terminate the ESPP at any time. As of June 30, 2020, 2.8 million shares were available for issuance under the ESPP Plan. During each of the six months ended June 30, 2020 and 2019, the Company issued and distributed approximately 0.2 million shares of common stock pursuant the ESPP offering periods spanning from December 3, 2019 to June 3, 2020 and January 2, 2019 to June 3, 2019, respectively. The current ESPP offering period is June 4, 2020 through December 2, 2020. Stock-based compensation expense associated with ESPP purchase rights are recognized on a straight-line basis over the offering period. A Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) Stock options $ 1,437 $ 1,392 $ 2,828 $ 2,636 Incentive units — — — 351 RSUs 5,261 3,029 9,459 5,357 ESPP 452 549 1,054 1,265 Total stock-based compensation expense $ 7,150 $ 4,970 $ 13,341 $ 9,609 A summary of the Company’s stock-based compensation expense as recognized on the condensed consolidated statements of operations is as follows: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) Cost of revenue - subscription $ 396 $ 284 $ 785 $ 544 Cost of revenue - services and other 391 380 818 729 Research and development 1,487 916 2,988 1,833 General and administrative 1,950 1,644 2,952 3,015 Sales and marketing 2,926 1,746 5,798 3,488 Total stock-based compensation expense $ 7,150 $ 4,970 $ 13,341 $ 9,609

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes Income Taxes The effective tax rate for the three and six months ended June 30, 2020 is 14.0% and (0.5)%, respectively, compared to 9.2% and (2.2)% for the three and six months ended June 30, 2019, respectively. The primary drivers for the differences in the rates from the prior-year period to the current-year period are related to differences in forecasted pre-tax book income, the impact of stock compensation, an increase in foreign tax liabilities and the impact of valuation allowance build. Provision for income taxes consists of U.S. and state income taxes and income taxes in certain foreign jurisdictions in which the Company conducts business. While the Company is expected to be in an overall deferred tax liability position for the period ended December 31, 2020 based on the full-year forecast, the Company is still in a three-year cumulative book loss. Based on an analysis of the utilization of its federal and state deferred tax assets, the Company has included in its FIN18 forecasted effective tax rate a valuation allowance build for the portion of deferred tax assets for which there is not sufficient offsetting future deferred tax liabilities. The Company still maintains a full valuation allowance for its Israel tax position due to the lack of taxable earnings for the foreseeable future. The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. During the periods ended June 30, 2020 and 2019, the Company did not record any material interest or penalties. The Company files tax returns in the U.S. federal jurisdiction, in several state jurisdictions, and in several foreign jurisdictions. The Company is no longer subject to U.S. federal income tax examinations for years before 2015 and is no longer subject to state, local and foreign income tax examinations by tax authorities for years before 2014. The Company is currently under audit for income tax in a single foreign jurisdiction. The audit is ongoing and is not expected to materially impact the consolidated financial statements. The Company has an Uncertain Tax Position reserve related to this foreign jurisdiction filing that should sufficiently cover any related assessment.

Net Income (Loss) Per Share Att

Net Income (Loss) Per Share Attributable to Common Stockholders	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Net Income (Loss) Per Share Attributable to Common Stockholders	12. Net Income (Loss) Per Share Attributable to Common Stockholders Basic and diluted net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated using our weighted average outstanding common shares including the dilutive effect of stock awards. In periods when the Company recognizes a net loss, the Company excludes the impact of outstanding stock awards from the diluted loss per share calculation as their inclusion would have an anti-dilutive effect. The following table sets forth the calculation of basic and diluted net income (loss) per share for the periods presented: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands, except per share data) Numerator Net income (loss) $ 3,042 $ (9,197 ) $ (5,375 ) $ (17,587 ) Net income (loss) attributable to common stockholders $ 3,042 $ (9,197 ) $ (5,375 ) $ (17,587 ) Denominator Weighted average shares outstanding Basic 90,328 88,767 90,095 88,533 Diluted 91,599 88,767 90,095 88,533 Net income (loss) attributable to common stockholders per share Basic $ 0.03 $ (0.10 ) $ (0.06 ) $ (0.20 ) Diluted $ 0.03 $ (0.10 ) $ (0.06 ) $ (0.20 ) The following weighted average outstanding shares of common stock equivalents were excluded from the computation of the diluted net income (loss) per share attributable to common stockholders for the periods presented because their effect would have been anti-dilutive: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (in thousands) Stock options to purchase common stock 1,491 1,458 2,943 3,108 RSUs issued and outstanding 1,805 1,941 1,212 1,791 ESPP — 57 182 28 Total 3,296 3,456 4,337 4,927 As we expect to settle the principal amount of the Notes in cash and any excess in shares of the Company’s common stock, the Company uses the treasury stock method for calculating any potential dilutive effect of the conversion spread on diluted net income per share, if applicable. The conversion spread of 14.1 million shares will have a dilutive impact on diluted net income per share of common stock when the average market price of our common stock for a given period exceeds the conversion price of $28.42 per share.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment and Geographic Information	13. Segment and Geographic Information ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision makers in deciding how to allocate resources and in assessing performance. The Company manages its business on the basis of one reportable segment and derives revenues from licensing of software, sale of our maintenance, SaaS subscription offerings, The following are a summary of consolidated revenues within geographic areas: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) United States $ 69,197 $ 44,399 $ 123,696 $ 85,959 EMEA (1) 13,047 12,332 26,775 26,269 Rest of the World (1) 10,214 6,323 17,429 11,409 Total revenue $ 92,458 $ 63,054 $ 167,900 $ 123,637 (1) No single

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements , which include the accounts of the Company and its wholly owned subsidiaries, The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the balance sheets, statements of operations, statements of stockholders’ equity These financial statements and accompanying notes should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, which was filed with the SEC on February
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Management periodically evaluates such estimates and assumptions for continued reasonableness. In particular, we make estimates with respect to the fair value allocation of multiple performance obligation in revenue recognition, the valuation allowance based on expected credit losses and the collectability of accounts receivable, valuation and estimated useful lives of long-lived assets, fair value of the liability and equity components of the Notes (as defined below), stock-based compensation expense and income taxes. Appropriate adjustments, if any, to the estimates used are made prospectively based upon periodic evaluation. Actual results could differ from those estimates.
Concentration of Credit and Other Risks	Concentration of Credit Risk and Other Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and accounts assets
Significant Accounting Policies	Significant Accounting Policies The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes in the Annual Report, most notably Note 2 “Summary of Significant Accounting Policies.” Except for the adoption of ASU 2016-13 described below, there have been no changes to our significant accounting policies described in our Annual Report that have had a material impact on our condensed consolidated financial statements and related notes.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (ASU 2018-15), which clarifies the accounting for implementation costs in cloud computing arrangements (“CCAs”). ASU 2018-15 is effective for public entities for annual periods, including interim periods within those annual periods beginning after December 15, 2019 and earlier adoption is permitted. We adopted the standard effective January 1, 2020, using the prospective approach. This adoption did not have a material impact on the Company’s condensed consolidated financial statements. The Company evaluates if the CCA includes a license to internal-use software. If the CCA includes a software license, the Company accounts for the software license as an intangible asset. Acquired software licenses are recognized and measured at cost, which includes the present value of the license obligation if the license is to be paid for over time. If the CCA does not include a software license, the Company accounts for the arrangement as a service contract (or hosting arrangement) and hosting costs are generally expensed as incurred. With the adoption of ASU 2018-15, the Company evaluates upfront costs including implementation, set-up or other costs (collectively, implementation costs) for hosting arrangements under the internal-use software framework. Costs related to preliminary project activities and post implementation activities are expensed as incurred, whereas costs incurred in the development stage are generally capitalized. Capitalized implementation costs are recorded in prepayments and other current assets or other non-current assets and amortized over the expected term of the arrangement, which includes consideration of the non-cancellable contractual term and reasonably certain renewal options. During the six months ended June 30, 2020, the Company’s capitalized implementation costs related to hosting arrangements were not material. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses (Accounting Standards Codification or ASC On January 1, 2020, we adopted ASC 326 using the modified retrospective transition method, which requires a cumulative adjustment, if applicable, to be recorded to accumulated deficit. In addition, it is important to note that under the modified retrospective transition method, our prior period results were not recast to reflect this standard. We implemented internal controls and key system functionality to enable the preparation of financial information upon adoption. We recorded a cumulative adjustment in the amount of $0.4 million, net of tax impact, to accumulated deficit as of January 1, 2020. This adoption did not have a material impact on our condensed consolidated statement of operations or statement of cash flows. In December 2019, the FASB issued ASU 2019-12, “Income Taxes – Simplifying the Accounting for Income Taxes.” The guidance removes exceptions to the general principles in Topic 740 for allocating tax expense between financial statement components, accounting basis differences stemming from an ownership change in foreign investments and interim period income tax accounting for year-to-date losses that exceed projected losses. The guidance becomes effective for annual reporting periods beginning after December 15, 2020 and interim periods within those fiscal years with early adoption permitted in the first period of the year this guidance is adopted. We adopted the standard effective January 1, 2020, using the prospective approach except for hybrid tax regimes, which we adopted using the modified retrospective approach. This adoption did not have a material impact on the Company’s condensed consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Schedule of Timing of Transfer of Control and Cash Flows	The following table presents the Company’s revenue by timing of revenue recognition to understand the risks of timing of transfer of control and cash flows: Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 License Subscription Services and other License Subscription Services and other (In thousands) Timing of revenue recognition Revenue recognized at a point in time $ 34,880 $ — $ — $ 19,333 $ — $ — Revenue recognized over time — 45,922 11,656 — 33,711 10,010 Total revenue $ 34,880 $ 45,922 $ 11,656 $ 19,333 $ 33,711 $ 10,010 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 License Subscription Services and other License Subscription Services and other (in thousands) Timing of revenue recognition Revenue recognized at a point in time $ 55,884 $ — $ — $ 38,002 $ — $ — Revenue recognized over time — 89,803 22,213 — 65,546 20,089 Total revenue $ 55,884 $ 89,803 $ 22,213 $ 38,002 $ 65,546 $ 20,089
Summary of Contract Balances	A summary of the activity impacting our contract balances during the reporting periods is presented below: Contract Acquisition Costs Six Months Ended June 30, 2020 June 30, 2019 (In thousands) Beginning Balance $ 35,152 $ 28,043 Additional deferred contract acquisition costs 10,360 5,283 Amortization of deferred contract acquisition costs (6,058 ) (4,691 ) Ending Balance $ 39,454 $ 28,635 Deferred Revenue Six Months Ended June 30, 2020 June 30, 2019 (In thousands) Beginning Balance $ 152,033 $ 114,301 Increase, net 1,303 1,123 Ending Balance $ 153,336 $ 115,424

Allowance for Expected Credit_2

Allowance for Expected Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2020
Credit Loss [Abstract]
Schedule of Changes in Allowance for Expected Credit Losses for Financial Assets Measured at Amortized Cost	The following table presents the changes in the allowance for expected credit losses for financial assets measured at amortized cost: Accounts Receivable Contract Assets Six Months Ended June 30, 2020 (In thousands) Beginning Balance $ — $ — Adoption of ASC 326 407 65 Provision for credit losses, net of recoveries 764 41 Write-offs (438 ) — Ending Balance $ 733 $ 106

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Summary of Financial Assets that are Measured at Fair Value on a Recurring Basis	The following tables present the Company’s financial assets that are measured at fair value on a recurring basis: As of June 30, 2020 Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash equivalents: Money market funds $ 5,125 — — $ 5,125 Total cash equivalents $ 5,125 — — $ 5,125 As of December 31, 2019 Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash equivalents: Money market funds $ 364,127 — — $ 364,127 Total cash equivalents $ 364,127 — — $ 364,127

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2020
Orkus
Business Acquisition [Line Items]
Summary of Final Purchase Price Allocation	The following table summarizes the final purchase price allocation as of the date of acquisition: As of October 15, 2019 (In thousands) Cash and cash equivalents $ — Prepayments and other current assets 34 Right-of-use assets 90 Goodwill 7,637 Intangible assets 9,760 Accounts payable (21 ) Accrued expenses and other liabilities (133 ) Deferred tax liability - non-current (861 ) Total fair value of assets acquired and liabilities assumed $ 16,506
Summary of Estimated Fair Values and Useful Lives of Identifiable Intangible Assets Acquired	The following table presents the estimated fair values and useful lives of the identifiable intangible assets acquired: Amount Estimated Useful Life (In thousands) (In years) Developed technology $ 9,760 5
Overwatch.ID
Business Acquisition [Line Items]
Summary of Final Purchase Price Allocation	The following table summarizes the final purchase price allocation as of the date of acquisition: As of October 15, 2019 (In thousands) Cash and cash equivalents $ 45 Accounts receivable 66 Prepayments and other current assets 103 Deferred tax asset - non-current 687 Right-of-use assets 175 Goodwill 14,107 Intangible assets 6,610 Accounts payable (256 ) Accrued expenses and other liabilities (185 ) Deferred revenue (466 ) Total fair value of assets acquired and liabilities assumed $ 20,886
Summary of Estimated Fair Values and Useful Lives of Identifiable Intangible Assets Acquired	The following table presents the estimated fair values and useful lives of the identifiable intangible assets acquired: Amount Estimated Useful Life (In thousands) (In years) Developed technology $ 6,610 5

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Activity	The following table reflects goodwill activity for the six months ended June 30, 2020: (In thousands) Balance, December 31, 2019 $ 241,051 Measurement period adjustments 70 Balance, June 30, 2020 $ 241,121
Schedule of Cost and Amortization of Intangible Assets	Total cost and amortization of intangible assets are comprised of the following: As of Weighted Average Useful Life June 30, 2020 December 31, 2019 Intangible assets, net (In years) (In thousands) Customer lists 15 $ 42,500 $ 42,500 Developed technology 8.9 58,370 58,440 Trade names and trademarks 17 24,500 24,500 Other intangible assets 4.8 3,689 3,689 Total intangible assets 129,059 129,129 Less: Accumulated amortization (53,833 ) (47,478 ) Total intangible assets, net $ 75,226 $ 81,651
Summary of Amortization Expense	Amortization expense for the following periods is as follows: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) Cost of revenue - licenses $ 1,008 $ 1,008 $ 2,016 $ 2,016 Cost of revenue - subscription 911 96 1,821 192 Research and development 190 159 381 318 Sales and marketing 1,069 1,068 2,137 2,136 Total amortization expense $ 3,178 $ 2,331 $ 6,355 $ 4,662
Schedule of Estimated Future Amortization Expense of Intangible Assets	The total estimated future amortization expense of these intangible assets as of June 30, 2020 is as follows: Year Ending December 31, (in thousands) 2020 (except the six months ended June 30) $ 6,312 2021 12,585 2022 12,247 2023 11,744 2024 9,412 Thereafter 22,926 Total amortization expense $ 75,226

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Summary of Future Minimum Lease Payments	The undiscounted annual future minimum lease payments are summarized by year in the table below: Year Ending December 31, (in thousands) 2020 (except the six months ended June 30) $ 2,761 2021 5,773 2022 5,686 2023 5,238 2024 4,944 Thereafter 22,283 Total minimum lease payments 46,685 Less: interest (7,462 ) Total present value of operating lease liabilities $ 39,223 Current operating lease liabilities $ 4,049 Long-term operating lease liabilities 35,174 Total operating lease liabilities $ 39,223

Convertible Senior Notes and _2

Convertible Senior Notes and Capped Call Transactions (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Summary of Net Carrying Amount of Liability and Equity Components of Notes	The net carrying amount of the liability and equity components of the Notes for the periods presented is as follows: As of June 30, 2020 December 31, 2019 (In thousands) Liability component Principal $ 400,000 $ 400,000 Unamortized discount (76,512 ) (84,542 ) Unamortized issuance costs (5,733 ) (6,407 ) Net carrying amount $ 317,755 $ 309,051 Equity component, net of issuance costs $ 86,764 $ 86,764
Summary of Interest Expense Recognized Related to Notes	The interest expense recognized related to the Notes for the periods presented is as follows: Three Months Ended Six Months Ended June 30, 2020 June 30, 2020 (In thousands) Contractual interest expense $ 125 $ 250 Amortization of debt discount 4,042 8,031 Amortization of debt issuance costs 337 674 Total $ 4,504 $ 8,955

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Fair Value of Stock Options Estimated by Using Assumptions	The fair value for the Company’s stock options granted and Employee Stock Purchase Plan (the "ESPP") purchase rights, as discussed further below, during the periods presented were estimated at grant date using a Black Scholes option-pricing model using the following weighted average assumptions: Stock Options ESPP June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Expected dividend rate 0% 0% 0% 0% Expected volatility 50.8% - 56.2% 39.3% - 39.8% 48.1% - 56.2% 39.8% - 46.0% Risk-free interest rate 0.42% - 1.53% 1.84% - 2.59% 0.18% - 1.57% 2.29 - 2.44% Expected term (in years) 6.25 6.25 0.50 0.42 - 0.50
Summary of Stock Option Activity	The following table summarizes stock option activity for the six months ended June 30, 2020: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (In thousands) (Per share) (Years) (In thousands) Balances at December 31, 2019 2,786 $ 13.67 7.7 $ 31,489 Granted 585 $ 24.68 Exercised (423 ) $ 6.64 Forfeited (224 ) $ 20.45 Balances at June 30, 2020 2,724 $ 16.57 7.9 $ 28,640 Options vested and expected to vest at June 30, 2020 2,724 $ 16.57 7.9 $ 28,640 Options vested and exercisable at June 30, 2020 1,124 $ 9.92 6.6 $ 19,183
Summary of Restricted Stock Unit Activity	The following table summarizes the RSU activity for the Company for the six months ended June 30, 2020: Number of Shares Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (In thousands) (Per share) (Years) (In thousands) Balances at December 31, 2019 1,881 $ 23.08 1.6 $ 44,386 Granted 1,875 $ 22.55 Vested (342 ) $ 26.02 Forfeited (179 ) $ 23.17 Balances at June 30, 2020 3,235 $ 22.46 1.7 $ 85,626 Units expected to vest at June 30, 2020 3,235 $ 22.46 1.7 $ 85,626
Summary of Stock-Based Compensation Expense By Underlying Equity Instrument	A Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) Stock options $ 1,437 $ 1,392 $ 2,828 $ 2,636 Incentive units — — — 351 RSUs 5,261 3,029 9,459 5,357 ESPP 452 549 1,054 1,265 Total stock-based compensation expense $ 7,150 $ 4,970 $ 13,341 $ 9,609
Summary of Stock-Based Compensation Expense	A summary of the Company’s stock-based compensation expense as recognized on the condensed consolidated statements of operations is as follows: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) Cost of revenue - subscription $ 396 $ 284 $ 785 $ 544 Cost of revenue - services and other 391 380 818 729 Research and development 1,487 916 2,988 1,833 General and administrative 1,950 1,644 2,952 3,015 Sales and marketing 2,926 1,746 5,798 3,488 Total stock-based compensation expense $ 7,150 $ 4,970 $ 13,341 $ 9,609

Net Income (Loss) Per Share A_2

Net Income (Loss) Per Share Attributable to Common Stockholders (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Net Loss Per Share	The following table sets forth the calculation of basic and diluted net income (loss) per share for the periods presented: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands, except per share data) Numerator Net income (loss) $ 3,042 $ (9,197 ) $ (5,375 ) $ (17,587 ) Net income (loss) attributable to common stockholders $ 3,042 $ (9,197 ) $ (5,375 ) $ (17,587 ) Denominator Weighted average shares outstanding Basic 90,328 88,767 90,095 88,533 Diluted 91,599 88,767 90,095 88,533 Net income (loss) attributable to common stockholders per share Basic $ 0.03 $ (0.10 ) $ (0.06 ) $ (0.20 ) Diluted $ 0.03 $ (0.10 ) $ (0.06 ) $ (0.20 )
Schedule​ of Antidilutive ​Securities ​Excluded ​From ​Computation of Earnings ​Per ​Share	The following weighted average outstanding shares of common stock equivalents were excluded from the computation of the diluted net income (loss) per share attributable to common stockholders for the periods presented because their effect would have been anti-dilutive: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (in thousands) Stock options to purchase common stock 1,491 1,458 2,943 3,108 RSUs issued and outstanding 1,805 1,941 1,212 1,791 ESPP — 57 182 28 Total 3,296 3,456 4,337 4,927

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Summary of Consolidated Total Revenue by Geography	The following are a summary of consolidated revenues within geographic areas: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) United States $ 69,197 $ 44,399 $ 123,696 $ 85,959 EMEA (1) 13,047 12,332 26,775 26,269 Rest of the World (1) 10,214 6,323 17,429 11,409 Total revenue $ 92,458 $ 63,054 $ 167,900 $ 123,637 (1) No single

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Mar. 31, 2020	Jan. 01, 2020	Mar. 31, 2019	Dec. 31, 2018
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Date of incorporation			Aug. 8, 2014
Entity Incorporation, State or Country Code			DE
Accumulated deficit	$ 447,771	$ 374,474	$ 447,771	$ 374,474	$ 434,127	$ 432,704		$ 375,151	$ 377,693
ASC 326 | Cumulative Effect, Period of Adoption, Adjustment
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Accumulated deficit							$ 400
Credit Concentration Risk | Accounts Receivable
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage			10.00%		10.00%
Credit Concentration Risk | Revenue
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	10.00%	10.00%	10.00%	10.00%
Credit Concentration Risk | Net Assets
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage			10.00%	10.00%

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Timing of Transfer of Control and Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation Of Revenue [Line Items]
Total revenue	$ 92,458	$ 63,054	$ 167,900	$ 123,637
Subscription
Disaggregation Of Revenue [Line Items]
Total revenue	45,922	33,711	89,803	65,546
Licenses
Disaggregation Of Revenue [Line Items]
Total revenue	34,880	19,333	55,884	38,002
Services and other
Disaggregation Of Revenue [Line Items]
Total revenue	11,656	10,010	22,213	20,089
Revenue Recognized At a Point in Time | Licenses
Disaggregation Of Revenue [Line Items]
Total revenue	34,880	19,333	55,884	38,002
Revenue Recognized Over Time | Subscription
Disaggregation Of Revenue [Line Items]
Total revenue	45,922	33,711	89,803	65,546
Revenue Recognized Over Time | Services and other
Disaggregation Of Revenue [Line Items]
Total revenue	$ 11,656	$ 10,010	$ 22,213	$ 20,089

Revenue Recognition - Summary o

Revenue Recognition - Summary of Activity Impacting Contract Balances (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Contract Acquisition Costs, Balances	$ 35,152	$ 28,043
Additional deferred contract acquisition costs	10,360	5,283
Amortization of deferred contract acquisition costs	(6,058)	(4,691)
Contract Acquisition Costs, Balances	$ 39,454	$ 28,635

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Disaggregation Of Revenue [Line Items]
Impairment losses recognized on contract assets			$ 0	$ 0
Revenue recognized that was previously deferred	$ 49,900,000	$ 39,000,000	88,600,000	68,800,000
Contract asset, reclassified to receivable			2,700,000	$ 1,800,000
Remaining performance obligation	244,400,000		244,400,000
Deferred Contract Costs Expected To Be Amortized Within Next 12 Months
Disaggregation Of Revenue [Line Items]
Deferred contract or customer acquisition costs	$ 12,100,000		$ 12,100,000		$ 10,900,000

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Contract Balances With Deferred Revenue Current and NonCurrent (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Deferred revenue, Balances	$ 152,033	$ 114,301
Increase, net	1,303	1,123
Deferred revenue, Balances	$ 153,336	$ 115,424

Revenue Recognition - Additio_2

Revenue Recognition - Additional Information (Details1) $ in Millions	Jun. 30, 2020USD ($)
Disaggregation Of Revenue [Line Items]
Revenue expected to recognize	$ 244.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-07-01
Disaggregation Of Revenue [Line Items]
Revenue expected to recognize	$ 156.9
Remaining performance obligations, expected timing of Satisfaction, period	12 months

Allowance for Expected Credit_3

Allowance for Expected Credit Losses - Summary of Changes in Allowance for Expected Credit Losses for Financial Assets Measured at Amortized Cost (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Stockholders' Equity Balance	$ 447,771	$ 374,474
Provision for credit losses	805	$ 89
Accounts Receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Provision for credit losses	764
Write-offs	(438)
Ending Balance	733
Contract Assets [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Provision for credit losses, net of recoveries	41
Ending Balance	106
Cumulative Effect, Period of Adoption, Adjustment | Accounts Receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Stockholders' Equity Balance	407
Cumulative Effect, Period of Adoption, Adjustment | Contract Assets [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Stockholders' Equity Balance	$ 65

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Assets that are Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets:
Total cash equivalents	$ 5,125	$ 364,127
Level 1
Assets:
Total cash equivalents	5,125	364,127
Money Market Funds
Assets:
Total cash equivalents	5,125	364,127
Money Market Funds | Level 1
Assets:
Total cash equivalents	$ 5,125	$ 364,127

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Millions	Oct. 15, 2019	Jun. 30, 2020	Dec. 31, 2019
Orkus
Business Acquisition [Line Items]
Percentage of equity interest acquired	100.00%
Acquisition date	Oct. 15, 2019
Business combination, consideration paid	$ 16.5
Business combination, holdback amount	$ 2
Business combination, indemnification period	12 months and 24 months
Orkus | Accrued Expenses and Other Liabilities
Business Acquisition [Line Items]
Business combination, contingent consideration, liability, current		$ 1	$ 1
Orkus | Other Long-term Liabilities
Business Acquisition [Line Items]
Business combination, contingent consideration, liability, noncurrent		1	1
Overwatch.ID
Business Acquisition [Line Items]
Percentage of equity interest acquired	100.00%
Acquisition date	Oct. 15, 2019
Business combination, consideration paid	$ 20.9
Business combination, holdback amount	$ 3
Business combination, indemnification period	12 months and 18 months
Overwatch.ID | Accrued Expenses and Other Liabilities
Business Acquisition [Line Items]
Business combination, contingent consideration, liability, current		$ 3	1.5
Overwatch.ID | Other Long-term Liabilities
Business Acquisition [Line Items]
Business combination, contingent consideration, liability, noncurrent			$ 1.5

Business Combinations - Summary

Business Combinations - Summary of Final Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Oct. 15, 2019
Business Acquisition [Line Items]
Goodwill	$ 241,121	$ 241,051
Orkus
Business Acquisition [Line Items]
Prepayments and other current assets			$ 34
Right-of-use assets			90
Goodwill			7,637
Intangible assets			9,760
Accounts payable			(21)
Accrued expenses and other liabilities			(133)
Deferred tax liability - non-current			(861)
Total fair value of assets acquired and liabilities assumed			16,506
Overwatch.ID
Business Acquisition [Line Items]
Cash and cash equivalents			45
Accounts receivable			66
Prepayments and other current assets			103
Deferred tax asset - non-current			687
Right-of-use assets			175
Goodwill			14,107
Intangible assets			6,610
Accounts payable			(256)
Accrued expenses and other liabilities			(185)
Deferred revenue			(466)
Total fair value of assets acquired and liabilities assumed			$ 20,886

Business Combinations - Summa_2

Business Combinations - Summary of Estimated Fair Values and Useful Lives of Identifiable Intangible Assets Acquired (Details) $ in Thousands	Oct. 15, 2019USD ($)
Orkus
Acquired Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 9,760
Overwatch.ID
Acquired Finite Lived Intangible Assets [Line Items]
Intangible assets	6,610
Developed Technology | Orkus
Acquired Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 9,760
Estimated Useful Life	5 years
Developed Technology | Overwatch.ID
Acquired Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 6,610
Estimated Useful Life	5 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill Activity (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Balance, December 31, 2019	$ 241,051
Measurement period adjustments	70
Balance, June 30, 2020	$ 241,121

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Impairment of goodwill	$ 0	$ 0
Impairment of intangible assets	$ 0	$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Cost and Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 129,059	$ 129,129
Less: Accumulated amortization	(53,833)	(47,478)
Total intangible assets, net	$ 75,226	81,651
Customer Lists
Finite Lived Intangible Assets [Line Items]
Weighted Average Useful Life	15 years
Intangible assets, gross	$ 42,500	42,500
Developed Technology
Finite Lived Intangible Assets [Line Items]
Weighted Average Useful Life	8 years 10 months 24 days
Intangible assets, gross	$ 58,370	58,440
Trade Names and Trademarks
Finite Lived Intangible Assets [Line Items]
Weighted Average Useful Life	17 years
Intangible assets, gross	$ 24,500	24,500
Other Intangible Assets
Finite Lived Intangible Assets [Line Items]
Weighted Average Useful Life	4 years 9 months 18 days
Intangible assets, gross	$ 3,689	$ 3,689

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Summary of Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 3,178	$ 2,331	$ 6,355	$ 4,662
License
Finite Lived Intangible Assets [Line Items]
Total amortization expense	1,008	1,008	2,016	2,016
Cost of Revenue - Subscription
Finite Lived Intangible Assets [Line Items]
Total amortization expense	911	96	1,821	192
Research and Development
Finite Lived Intangible Assets [Line Items]
Total amortization expense	190	159	381	318
Sales and Marketing
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 1,069	$ 1,068	$ 2,137	$ 2,136

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
2020 (except the six months ended June 30)	$ 6,312
2021	12,585
2022	12,247
2023	11,744
2024	9,412
Thereafter	22,926
Total intangible assets, net	$ 75,226	$ 81,651

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Commitments And Contingencies Disclosure [Line Items]
Financing leases	$ 0
Standby Letter of Credit
Commitments And Contingencies Disclosure [Line Items]
Cash collateral	$ 6,000,000	$ 6,000,000
Minimum
Commitments And Contingencies Disclosure [Line Items]
Remaining lease terms	1 year
Maximum
Commitments And Contingencies Disclosure [Line Items]
Remaining lease terms	9 years

Commitments and Contingencies_2

Commitments and Contingencies - Summary of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2020 (except the six months ended June 30)	$ 2,761
2021	5,773
2022	5,686
2023	5,238
2024	4,944
Thereafter	22,283
Total minimum lease payments	46,685
Less: interest	(7,462)
Total present value of operating lease liabilities	39,223
Current operating lease liabilities	4,049
Long-term operating lease liabilities	$ 35,174	$ 38,035

Credit Agreement - Additional I

Credit Agreement - Additional Information (Details) - Current Credit Agreement - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Mar. 11, 2019
Line Of Credit Facility [Line Items]
Credit agreement mature date	Mar. 31, 2024
Total debt issuance costs	$ 800,000
Minimum
Line Of Credit Facility [Line Items]
Payment of unused commitment fee under credit agreement based on senior secured net leverage ratio	0.20%
Maximum
Line Of Credit Facility [Line Items]
Senior secured net leverage ratio	3.50%
Payment of unused commitment fee under credit agreement based on senior secured net leverage ratio	0.30%
Letter of Credit
Line Of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	$ 75,000,000		$ 150,000,000
Letter of credit sublimit	15,000,000
Revolving Credit Facility
Line Of Credit Facility [Line Items]
Line of credit outstanding balance	$ 0	$ 0

Convertible Senior Notes and _3

Convertible Senior Notes and Capped Call Transactions - Additional Information (Details) $ / shares in Units, $ in Thousands, shares in Millions	1 Months Ended	6 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2020USD ($)Day$ / shares	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Debt Instrument, conversion price per share | $ / shares		$ 28.42
Capped Call Transactions
Debt Instrument [Line Items]
Payments for purchase of capped calls	$ 37,100
Estimated fair values of debt instrument | shares	14.1
Debt Instrument, conversion price per share | $ / shares	$ 28.42
Cap price per share | $ / shares	$ 41.34
Convertible Senior Notes due 2024
Debt Instrument [Line Items]
Debt instrument principal amount	$ 400,000	$ 400,000	$ 400,000
Debt instrument interest rate	0.125%	0.125%
Proceeds from offering after deducting the Initial Purchaser's discounts and commissions and other fees and expenses	$ 391,200
Payments for purchase of capped calls	$ 37,100
Debt instrument maturity date		Sep. 15, 2024
Number of trading days for convertible debt | Day		20
Number of consecutive trading days for convertible debt | Day		30
Percentage of stock price trigger for convertible debt		130.00%
Number of business days for convertible debt | Day		5
Measurement period for convertible debt | Day		5
Percentage of stock price trigger in measurement period		98.00%
Debt instrument, redemption price, percentage		100.00%
Carrying amount of equity components in debt conversion		$ 88,800
Debt instrument remaining life		51 months
Estimated fair values of debt instrument		$ 449,300
Convertible Senior Notes due 2024 | Liability Component
Debt Instrument [Line Items]
Debt issuance costs		$ 6,800
Effective interest rate percentage		5.25%
Convertible Senior Notes due 2024 | Equity Component
Debt Instrument [Line Items]
Debt issuance costs		$ 2,000
Convertible Senior Notes due 2024 | Common Stock
Debt Instrument [Line Items]
Initial conversion ratio		35.1849
Debt Instrument, conversion price per share | $ / shares		$ 28.42

Convertible Senior Notes and _4

Convertible Senior Notes and Capped Call Transactions - Summary of Net Carrying Amount of Liability and Equity Components of Notes (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Debt Instrument [Line Items]
Net carrying amount	$ 317,755	$ 309,051
Convertible Senior Notes due 2024
Debt Instrument [Line Items]
Debt instrument principal amount	400,000	400,000	$ 400,000
Unamortized discount	(76,512)	(84,542)
Unamortized issuance costs	(5,733)	(6,407)
Net carrying amount	317,755	309,051
Equity component, net of issuance costs	$ 86,764	$ 86,764

Convertible Senior Notes and _5

Convertible Senior Notes and Capped Call Transactions - Summary of Interest Expense Recognized Related to Notes (Details) - Convertible Senior Notes due 2024 - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Interest Expense Debt [Line Items]
Contractual interest expense	$ 125	$ 250
Amortization of debt discount	4,042	8,031
Amortization of debt issuance costs	337	674
Total	$ 4,504	$ 8,955

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value per share				$ 8.82	$ 12.06
Total fair value of shares vested	$ 900	$ 500		$ 3,700	$ 2,900
Total unrecognized compensation expense related to non-vested stock options granted	15,000			$ 15,000
Unrecognized compensation expense, weighted-average period of recognition				2 years 8 months 12 days
Stock-based compensation expense	$ 7,150	4,970		$ 13,341	$ 9,609
Shares of common stock issued and distributed				200,000	200,000
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock reserve for issuance	1,800,000			1,800,000
Stock-based compensation expense	$ 452	$ 549		$ 1,054	$ 1,265
Increase in common stock reserved				900,000
Shares available for issuance under ESPP Plan	2,800,000			2,800,000
2015 Stock Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock reserve for issuance						250,000
2015 Stock Option and Grant Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for issuance	600,000			600,000
2017 Long Term Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock reserve for issuance	17,700,000			17,700,000
Vesting period				4 years
Shares available for issuance	11,300,000			11,300,000
Shares of common stock options granted				4,400,000
Incentive Unit Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Vested			700,000
Weighted-average exercise price (per share), Vested			$ 0.05
Number of Shares, Granted				0
Stock-based compensation expense				$ 0	$ 351
Maximum | 2015 Stock Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for issuance	100,000			100,000
Incentive Stock Options and Nonqualified Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock reserve for issuance						5,000,000
Expiration period						10 years
Incentive Stock Options and Nonqualified Stock Options | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period						4 years
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock reserve for issuance						500,000
Total unrecognized compensation expense related to non-vested stock options granted	$ 63,900			$ 63,900
Unrecognized compensation expense, weighted-average period of recognition				3 years 1 month 6 days
Number of Shares, Vested				342,000
Number of Shares, Granted				1,875,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Fair Value of Stock Options Estimated by Using Assumptions (Details)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected dividend rate	0.00%	0.00%
Expected volatility, Minimum	50.80%	39.30%
Expected volatility, Maximum	56.20%	39.80%
Risk-free interest rate, Minimum	0.42%	1.84%
Risk-free interest rate, Maximum	1.53%	2.59%
Expected term (in years)	6 years 3 months	6 years 3 months
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected dividend rate	0.00%	0.00%
Expected volatility, Minimum	48.10%	39.80%
Expected volatility, Maximum	56.20%	46.00%
Risk-free interest rate, Minimum	0.18%	2.29%
Risk-free interest rate, Maximum	1.57%	2.44%
Expected term (in years)	6 months
Employee Stock Purchase Plan | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term (in years)		5 months 1 day
Employee Stock Purchase Plan | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term (in years)		6 months

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Stock Options Activity (Details) - Stock Options $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Options, Beginning balances | shares	2,786
Number of Options, Granted | shares	585
Number of Options, Exercised | shares	(423)
Number of Options, Forfeited | shares	(224)
Number of Options, Ending balances | shares	2,724	2,786
Number of Options, Options vested and expected to vest | shares	2,724
Number of Options, Options vested and exercisable | shares	1,124
Weighted Average Exercise Price (per share), Beginning balances | $ / shares	$ 13.67
Weighted Average Exercise Price (per share), Granted | $ / shares	24.68
Weighted Average Exercise Price (per share), Exercised | $ / shares	6.64
Weighted Average Exercise Price (per share), Forfeited | $ / shares	20.45
Weighted Average Exercise Price (per share), Ending balances | $ / shares	16.57	$ 13.67
Weighted Average Exercise Price (per share), Options vested and expected to vest | $ / shares	16.57
Weighted Average Exercise Price (Per share), Options vested and exercisable | $ / shares	$ 9.92
Weighted Average Remaining Contractual Term (years)	7 years 10 months 24 days	7 years 8 months 12 days
Weighted Average Remaining Contractual Term (years), Options vested and expected to vest	7 years 10 months 24 days
Weighted Average Remaining Contractual Term (years), Options vested and exercisable	6 years 7 months 6 days
Aggregate Intrinsic Value, Balances | $	$ 28,640	$ 31,489
Aggregate Intrinsic Value, Options vested and expected to vest | $	28,640
Aggregate Intrinsic Value, Options vested and exercisable | $	$ 19,183

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock Units - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Number of Shares
Number of Shares, Beginning Balance	1,881
Number of Shares, Granted	1,875
Number of Shares, Vested	(342)
Number of Shares, Forfeited	(179)
Non-vested number of shares, Ending Balance	3,235	1,881
Units expected to vest at June 30, 2020	3,235
Weighted average grant date Fair Value
Weighted average grant date fair value, Beginning balance	$ 23.08
Weighted average grant date fair value, Granted	22.55
Weighted average grant date fair value, Vested	26.02
Weighted average grant date fair value, Forfeited	23.17
Weighted average grant date fair value, Ending balance	22.46	$ 23.08
Weighted average grant date fair value, Units expected to vest	$ 22.46
Weighted-Average Remaining Contractual Term (In years)
Weighted-Average Remaining Contractual Term, Balances	1 year 8 months 12 days	1 year 7 months 6 days
Weighted Average Remaining Contractual Term (years), Options vested and expected to vest	1 year 8 months 12 days
Aggregate intrinsic value
Aggregate intrinsic value, Balances	$ 85,626	$ 44,386
Aggregate intrinsic value, Units expected to vest	$ 85,626

Stock-Based Compensation - Su_4

Stock-Based Compensation - Summary of Stock-Based Compensation Expense By Underlying Equity Instrument (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	$ 7,150	$ 4,970	$ 13,341	$ 9,609
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	452	549	1,054	1,265
Incentive Unit Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense			0	351
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	1,437	1,392	2,828	2,636
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	$ 5,261	$ 3,029	$ 9,459	$ 5,357

Stock-Based Compensation - Su_5

Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	$ 7,150	$ 4,970	$ 13,341	$ 9,609
Subscription
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	396	284	785	544
Services and other
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	391	380	818	729
Research and Development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	1,487	916	2,988	1,833
General and Administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	1,950	1,644	2,952	3,015
Sales and Marketing
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation expense	$ 2,926	$ 1,746	$ 5,798	$ 3,488

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Examination [Line Items]
Effective income tax rate	14.00%	9.20%	(0.50%)	(2.20%)
Interest or penalties expense			$ 0	$ 0
U.S. Federal
Income Tax Examination [Line Items]
Income tax examination description			no longer subject to U.S. federal income tax examinations for years before 2015
Foreign Tax Authority
Income Tax Examination [Line Items]
Income tax examination description			no longer subject to state, local and foreign income tax examinations by tax authorities for years before 2014

Net Income (Loss) Per Share A_3

Net Income (Loss) Per Share Attributable to Common Stockholders - Schedule of Calculation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator
Net income (loss)	$ 3,042	$ (9,197)	$ (5,375)	$ (17,587)
Net income (loss) attributable to common stockholders	$ 3,042	$ (9,197)	$ (5,375)	$ (17,587)
Denominator
Basic	90,328	88,767	90,095	88,533
Diluted	91,599	88,767	90,095	88,533
Net income (loss) attributable to common stockholders per share
Basic	$ 0.03	$ (0.10)	$ (0.06)	$ (0.20)
Diluted	$ 0.03	$ (0.10)	$ (0.06)	$ (0.20)

Net Income (Loss) Per Share A_4

Net Income (Loss) Per Share Attributable to Common Stockholders - Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average outstanding shares of common stock equivalents excluded from the computation of diluted net income (loss) per share	3,296	3,456	4,337	4,927
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average outstanding shares of common stock equivalents excluded from the computation of diluted net income (loss) per share	1,491	1,458	2,943	3,108
Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average outstanding shares of common stock equivalents excluded from the computation of diluted net income (loss) per share	1,805	1,941	1,212	1,791
ESPP
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average outstanding shares of common stock equivalents excluded from the computation of diluted net income (loss) per share		57	182	28

Net Income (Loss) Per Share A_5

Net Income (Loss) Per Share Attributable to Common Stockholders - Additional Information (Details) shares in Millions	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Earnings Per Share [Abstract]
Conversion spread | shares	14.1
Debt Instrument, conversion price per share | $ / shares	$ 28.42

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details)	6 Months Ended
	Jun. 30, 2020Segment
Segment Reporting [Abstract]
Number of reportable segments	1

Segment and Geographic Inform_4

Segment and Geographic Information - Summary of Consolidated Total Revenue by Geography (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	$ 92,458	$ 63,054	$ 167,900	$ 123,637
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	69,197	44,399	123,696	85,959
EMEA
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	13,047	12,332	26,775	26,269
Rest of the World
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	$ 10,214	$ 6,323	$ 17,429	$ 11,409

Segment and Geographic Inform_5

Segment and Geographic Information - Summary of Consolidated Total Revenue by Geography (Parenthetical) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Credit Concentration Risk | Revenue
Revenues From External Customers And Long Lived Assets [Line Items]
Concentration risk, percentage	10.00%	10.00%	10.00%	10.00%