Rendering

Component: (Network and Table)
Network
2327301 - Disclosure - Stock-based Compensation (Tables)
(http://www.etsy.com/role/StockBasedCompensationTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of options granted in each year using the Black-Scholes pricing model has been based on the following assumptions:
 
Year Ended 
 December 31,
 
2014
 
2015
 
2016
Volatility
43.0% - 49.0%
 
40.4% - 45.0%
 
38.6% - 44.6%
Risk-free interest rate
1.7% - 2.1%
 
1.3% - 1.9%
 
1.1% - 2.1%
Expected term (in years)
5.5 - 6.1
 
5.5 - 6.1
 
5.5 - 6.3
Dividend rate
—%
 
—%
 
—%
 
 
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes the activity for the Company’s options (in thousands except share and per share amounts):
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining Contract
Term (in years)
 
Aggregate
Intrinsic Value
Outstanding at December 31, 2013
13,190,420

 
$
3.10

 
 
 
 
Granted
3,206,717

 
10.28

 
 
 
 
Exercised
(4,215,628
)
 
1.89

 
 
 
 
Forfeited/Canceled
(656,230
)
 
6.58

 
 
 
 
Outstanding at December 31, 2014
11,525,279

 
5.34

 
 
 
 
Granted
1,660,170

 
16.19

 
 
 
 
Exercised
(1,315,735
)
 
2.76

 
 
 
 
Forfeited/Canceled
(800,855
)
 
9.94

 
 
 
 
Outstanding at December 31, 2015
11,068,859

 
6.94

 
 
 
 
Granted
1,700,234

 
9.35

 
 
 
 
Exercised
(2,535,620
)
 
4.17

 
 
 
 
Forfeited/Canceled
(893,906
)
 
9.51

 
 
 
 
Outstanding at December 31, 2016
9,339,567

 
7.89

 
6.64
 
$
43,613

Total exercisable at December 31, 2016
6,352,071

 
6.29

 
5.76
 
38,257

Total vested and expected to vest at December 31, 2016
9,166,097

 
7.82

 
6.60
 
43,364

 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
The following table summarizes the weighted average grant date fair value of options granted, intrinsic value of options exercised and fair value of awards vested in the year ended December 31, 2014, 2015 and 2016 (in thousands except per share amounts):

 
Year Ended December 31,
 
2014
 
2015
 
2016
Weighted average grant date fair value of options granted
$
4.86

 
$
6.89

 
$
4.03

Intrinsic value of options exercised
24,788

 
15,148

 
19,130

Fair value of awards vested
4,691

 
8,337

 
9,533

 
 
Summary of the Activity of Unvested RSUs
The following table summarizes the activity for the Company’s unvested RSUs:
 
Shares
 
Weighted-Average
Fair Value
Unvested at December 31, 2014

 
$

Granted
407,368

 
13.78

Vested

 

Forfeited/Canceled
(11,522
)
 
16.76

Unvested at December 31, 2015
395,846

 
13.70

Granted
3,200,297

 
10.29

Vested
(255,868
)
 
10.64

Forfeited/Canceled
(205,094
)
 
10.15

Unvested at December 31, 2016
3,135,181

 
10.70

Total vested and expected to vest at December 31, 2016
2,843,448

 
10.68

 
 
Schedule of Share-based Compensation, Allocation of Recognized Period Costs
Total stock-based compensation expense included in the consolidated statements of operations is as follows (in thousands):
 
Year Ended 
 December 31,
 
2014
 
2015
 
2016
Cost of revenue
$
1,113

 
$
871

 
$
1,057

Marketing
216

 
560

 
971

Product development
1,461

 
2,860

 
5,079

General and administrative
7,260

 
6,550

 
8,794

Total stock-based compensation expense
$
10,050

 
$
10,841

 
$
15,901