Rendering

Component: (Network and Table)
Network
2310301 - Disclosure - Stockholders' Equity (Tables)
(http://www.calix.com/role/StockholdersEquityTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Stockholders' Equity Note [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Stockholders' Equity Note [Abstract]
 
Schedule of Stock Options Activity
The following table summarizes the activity of stock options under the Company's equity incentive plans (in thousands, except per share data):
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
Weighted-
 
Remaining
 
 
 
 
 
 
Average
 
Contractual
 
Aggregate
 
 
Number of
 
Exercise Price
 
Life
 
Intrinsic
Stock Options
 
Shares
 
Per Share
 
(in years)
 
   Value (1)
Outstanding as of December 31, 2015
 
2,655

 
$
11.81

 
 
 
 
Granted
 
680

 
6.96

 
 
 
 
Exercised
 
(3
)
 
5.77

 
 
 
 
Forfeited
 
(3
)
 
7.97

 
 
 
 
Expired
 
(120
)
 
29.31

 
 
 
 
Outstanding as of December 31, 2016
 
3,209

 
$
10.14

 
6.3
 
$
703

Vested and expected to vest as of December 31, 2016
 
3,113

 
$
10.23

 
6.1
 
$
652

Options exercisable as of December 31, 2016
 
2,125

 
$
11.47

 
4.9
 
$
201

                                                                                  
 
 
 
 
 
 
 
 
(1) Amounts represent the difference between the exercise price and the fair market value of common stock at December 31, 2016 for all in the money options outstanding.
 
 
Schedule of Restricted Stock and Restricted Stock Units Activity
The following table summarizes the activities of the Company's RSUs and PRSUs under the Company's equity incentive plans (in thousands, except per share data):
 
 
RSUs
 
PRSUs
 
 
 
 
Weighted-
 
 
 
Weighted-
 
 
 
 
Average
 
 
 
Average
 
 
 
 
Grant Date
 
 
 
Grant Date
 
 
Number of
 
Fair Value
 
Number of
 
Fair Value
 
 
Shares
 
Per Share
 
Shares
 
Per Share
Outstanding at December 31, 2015
 
2,469

 
$
8.64

 
184

 
$
9.21

Granted
 
1,287

 
6.91

 
550

 
7.42

Vested
 
(919
)
 
8.46

 
(45
)
 
11.71

Canceled
 
(239
)
 
8.45

 
(124
)
 
8.09

Outstanding at December 31, 2016
 
2,598

 
$
7.86

 
565

 
$
7.51

 
 
Schedule of Grant Date Fair Values
The following table summarizes the weighted-average grant date fair values of the Company's stock-based awards granted in the periods indicated:
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Stock options
 
$
3.58

 
$
4.56

 
$
4.79

RSUs
 
$
6.91

 
$
8.59

 
$
8.72

PRSUs
 
$
7.42

 
N/A

 
$
9.16

ESPP
 
$
1.92

 
$
2.03

 
$
2.46

 
 
Valuation Assumptions, Stock Options
The following table summarizes the weighted-average assumptions used in estimating the grant-date fair value of stock options and of each employee's purchase right under the ESPP in the periods indicated:
 
 
Years Ended December 31,
Stock Options
 
2016
 
2015
 
2014
Expected volatility
 
53
%
 
52
%
 
52
%
Expected life (years)
 
6.25

 
6.25

 
6.21

Expected dividend yield
 

 

 

Risk-free interest rate
 
1.60
%
 
1.56
%
 
1.87
%
 
 
Valuation Assumptions, ESPP
 
 
Years Ended December 31,
ESPP
 
2016
 
2015
 
2014
Expected volatility
 
46
%
 
46
%
 
45
%
Expected life (years)
 
0.52

 
0.46

 
0.50

Expected dividend yield
 

 

 

Risk-free interest rate
 
0.47
%
 
0.18
%
 
0.07
%
 
 
Schedule of Unrecognized Compensation Cost
As of December 31, 2016, unrecognized stock-based compensation expenses by award type, net of estimated forfeitures, and their expected weighted-average recognition periods are summarized in the following table (in thousands).
 
 
As of December 31, 2016
 
 
Stock Option
 
RSU
 
PRSU
 
ESPP
Unrecognized stock-based compensation expense
 
$
3,661

 
$
13,380

 
$
1,328

 
$
721

Weighted-average amortization period (in years)
 
2.9

 
2.5

 
0.9

 
0.4

 
 
Schedule of Warrants
As of December 31, 2016, the following warrants to purchase common stock were outstanding (in thousands, except per share data):
Expiration Date
  
Exercise Price
Per Share
  
Number of Warrants Outstanding
September 4, 2017
  
$
19.56

 
15
 
 
Shares Reserved For Future Issuance
The Company had common shares reserved for future issuance as follows (in thousands):
 
 
As of December 31,
 
 
2016
 
2015
 
2014
Stock options outstanding
 
3,209

 
2,655

 
3,701

Restricted stock units outstanding
 
2,598

 
2,469

 
1,734

Performance restricted stock units outstanding
 
565

 
184

 
362

Shares available for future grant under 2010 Plan
 
1,603

 
2,749

 
2,283

Shares available for future issuance under ESPP
 
119

 
1,129

 
1,891

Common stock warrants
 
15

 
15

 
15

Total
 
8,109

 
9,201

 
9,986