|
Stock Plans (Tables)
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6 Months Ended |
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Jun. 30, 2012
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| Stock Plans [Abstract] |
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| Option activity under the Incapsula Plan |
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Shares
Available
for Grant |
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|
Number
of Stock Options
Outstanding |
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|
Weighted-
Average
Exercise
Price |
|
| |
|
|
|
|
Outstanding—January 1, 2012
|
|
|
2,921,833 |
|
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1,774,000 |
|
|
$ |
0.08 |
|
|
Granted
|
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|
(100,000 |
) |
|
|
100,000 |
|
|
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0.25 |
|
|
Exercised
|
|
|
— |
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(90,000 |
) |
|
|
0.15 |
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Forfeited
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— |
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— |
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— |
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Outstanding—June 30, 2012
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|
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2,821,833 |
|
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1,784,000 |
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$ |
0.09 |
|
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| Stock-based compensation expense |
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For the three months ended
June 30, |
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For the six months ended
June 30, |
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2012 |
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|
2011 |
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2012 |
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2011 |
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Cost of revenues
|
|
$ |
104 |
|
|
$ |
26 |
|
|
$ |
159 |
|
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$ |
44 |
|
|
Research and development
|
|
|
260 |
|
|
|
30 |
|
|
|
387 |
|
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|
48 |
|
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Sales and marketing
|
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|
439 |
|
|
|
85 |
|
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|
700 |
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|
143 |
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General and administrative
|
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|
363 |
|
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|
152 |
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|
588 |
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|
341 |
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Total stock-based compensation expense
|
|
$ |
1,166 |
|
|
$ |
293 |
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$ |
1,834 |
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$ |
576 |
|
| |
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| Weighted average assumptions for fair value of stock options granted to employees |
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For the three months ended
June 30, |
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For the six months ended
June 30, |
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2012 |
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2011 |
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|
2012 |
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2011 |
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Stock option grants:
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Dividend rate
|
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0 |
% |
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0 |
% |
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0 |
% |
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0 |
% |
|
Risk-free interest rate
|
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0.9 |
% |
|
|
1.9 |
% |
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|
1.1 |
% |
|
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2.5 |
% |
|
Expected term (in years)
|
|
|
5.8 |
|
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5.2 |
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6.0 |
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6.1 |
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Expected volatility
|
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|
47 |
% |
|
|
48 |
% |
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|
49 |
% |
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|
48 |
% |
| |
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ESPP grants:
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Dividend rate
|
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0 |
% |
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— |
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0 |
% |
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— |
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Risk-free interest rate
|
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0.2 |
% |
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— |
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0.2 |
% |
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— |
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Expected term (in years)
|
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0.5 |
|
|
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— |
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0.5 |
|
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— |
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Expected volatility
|
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|
38 |
% |
|
|
— |
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38 |
% |
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— |
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| Share-based award activity under the 2011 plan |
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Shares
Available
for
Grant |
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|
Number of
Stock
Options
Outstanding |
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|
Weighted
Average
Exercise Price |
|
|
Restricted
Stock Units
Outstanding |
|
|
Weighted
Average
Grant
Date
Fair Value |
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|
Balances—January 1, 2012
|
|
|
1,886,296 |
|
|
|
2,871,005 |
|
|
$ |
4.15 |
|
|
|
— |
|
|
|
|
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Additional shares added to the pool
|
|
|
919,127 |
|
|
|
— |
|
|
|
— |
|
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|
— |
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Granted
|
|
|
(608,478 |
) |
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|
437,981 |
|
|
|
32.65 |
|
|
|
170,497 |
|
|
$ |
33.19 |
|
|
Exercised or released
|
|
|
— |
|
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|
(581,457 |
) |
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|
1.84 |
|
|
|
— |
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— |
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Cancelled or forfeited
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128,374 |
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(126,924 |
) |
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|
7.11 |
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(1,450 |
) |
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|
32.79 |
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Balances—June 30, 2012
|
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2,325,319 |
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|
2,600,605 |
|
|
$ |
9.33 |
|
|
|
169,047 |
|
|
$ |
33.19 |
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| Supplemental disclosure of stock options outstanding |
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Shares |
|
|
Weighted
Average
Exercise Price |
|
|
Weighted
Average
Remaining
Contractual
Life (Years) |
|
|
Aggregate
Intrinsic
Value
(in
thousands) |
|
|
Options exercisable
|
|
|
947,351 |
|
|
$ |
2.18 |
|
|
|
6.59 |
|
|
$ |
25,235 |
|
| |
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Options outstanding
|
|
|
2,600,605 |
|
|
$ |
9.33 |
|
|
|
7.97 |
|
|
$ |
52,410 |
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