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Stock-based Compensation Plans and Awards (Tables)
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11 Months Ended |
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Dec. 31, 2013
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| Stock-based Compensation Plans and Awards |
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| Schedule of assumptions used for estimating the per-share fair value of stock options |
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Twelve months ended
January 31, |
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Eleven months ended
December 31, |
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2012 |
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2013 |
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2013 |
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Expected life (in years)
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5.72 - 7.02 |
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6.02 - 6.67 |
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5.99 - 6.32 |
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Risk-free interest rate
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1.10% - 2.77% |
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0.99% - 1.52% |
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1.00% - 2.04% |
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Expected volatility
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54% - 57% |
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56% - 57% |
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58% - 59% |
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Expected dividend yield
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0% |
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0% |
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0% |
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| Schedule of stock option activity |
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Options Outstanding |
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Shares
Available
for Grant |
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Outstanding
Stock Options |
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Weighted-
Average
Exercise
Price |
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Weighted-
Average
Remaining
Contractual
Term
(in years) |
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Aggregate(1)
Intrinsic
Value |
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(in thousands, except share and per share data)
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Balance as of January 31, 2013
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17,791,314 |
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26,102,949 |
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$ |
3.22 |
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6.40 |
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$ |
224,736 |
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Additional shares authorized
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— |
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Granted
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(2,915,000 |
) |
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2,915,000 |
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16.67 |
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Restricted stock units
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(6,374,319 |
) |
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Exercised
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— |
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(5,763,544 |
) |
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3.14 |
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Cancelled/Forfeited
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546,205 |
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(546,205 |
) |
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8.11 |
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Balance as of December 31, 2013
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9,048,200 |
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22,708,200 |
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4.85 |
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5.76 |
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$ |
493,866 |
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Exercisable as of December 31, 2013
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15,432,372 |
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1.50 |
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4.56 |
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$ |
387,296 |
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Vested as of December 31, 2013 and expected to vest thereafter(2)
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21,914,709 |
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4.58 |
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5.67 |
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$ |
482,571 |
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- (1)
- Amounts represent the difference between the exercise price and the fair value of common stock at each period end for all in the money options outstanding based on the fair value per share of common stock of $11.52 and $26.60 as of January 31, 2013 and December 31, 2013, respectively.
- (2)
- Options expected to vest reflect an estimated forfeiture rate.
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| Schedule of activities for RSUs |
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Number of
RSUs |
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Weighted-Average
Grant-Date
Fair Value |
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Unvested at January 31, 2013
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5,511,709 |
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$ |
10.57 |
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Granted
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7,129,868 |
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16.16 |
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Vested
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(1,520,516 |
) |
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10.77 |
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Canceled
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(755,549 |
) |
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11.68 |
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Unvested at December 31, 2013
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10,365,512 |
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$ |
14.31 |
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Vested as of December 31, 2013 and expected to vest thereafter(1)
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11,075,193 |
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$ |
13.73 |
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- (1)
- Options expected to vest reflect an estimated forfeiture rate.
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| Schedule of stock-based compensation expenses related to all employee and non-employee stock-based awards |
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Twelve months
ended
January 31, |
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Eleven months
ended
December 31, |
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2012 |
|
2013 |
|
2013 |
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(in thousands)
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Stock-based compensation expenses:
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Cost of revenue—Other
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$ |
582 |
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$ |
1,214 |
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$ |
1,946 |
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Product development
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1,638 |
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4,530 |
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8,802 |
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Sales and marketing
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4,866 |
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12,294 |
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20,222 |
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General and administrative
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2,101 |
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7,462 |
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9,071 |
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Total stock-based compensation, recorded in costs and expenses
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$ |
9,187 |
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$ |
25,500 |
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$ |
40,041 |
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