Rendering

Component: (Network and Table)
Network
2312301 - Disclosure - Stock Incentive Plan (Tables)
(http://www.apigee.com/role/StockIncentivePlanTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001324772 (http://www.sec.gov/CIK)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]Period [Axis]
2015-08-01 - 2016-07-31
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
 
Summary of Stock-Based Compensation Expense
The total stock-based compensation expense recognized for stock-based awards under the Company’s equity plans in the consolidated statements of comprehensive loss was as follows:

 
 
Year Ended July 31,
 
 
2016
 
2015
 
2014
 
 
(in thousands)
Cost of subscription and support revenue
 
$
147

 
$
44

 
$
24

Cost of professional services and other revenue
 
520

 
223

 
133

Research and development
 
3,592

 
1,195

 
490

Sales and marketing
 
1,808

 
777

 
1,090

General and administrative
 
2,321

 
1,212

 
989

Total stock-based compensation expense
 
$
8,388

 
$
3,451

 
$
2,726

  
Summary of Stock Options Activity under Company's Equity Plans and Related Information
A summary of activity under the Company’s equity plans and related information was as follows:

 
 
Options Outstanding
 
 
Number of
Shares
Underlying
Outstanding
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value (In
thousands)
Balances at July 31, 2013
 
3,262,518

 
$
1.10

 
7.82
 
$
9,807

Options granted
 
1,664,158

 
4.79

 
 
 
 
Options exercised
 
(545,370
)
 
0.84

 
 
 
 
Options canceled
 
(372,581
)
 
2.86

 
 
 
 
Balances at July 31, 2014
 
4,008,725

 
2.51

 
7.65
 
31,716

Options granted
 
1,213,344

 
14.39

 
 
 
 
Options exercised
 
(465,385
)
 
2.07

 
 
 
 
Options canceled
 
(481,233
)
 
4.04

 
 
 
 
Balances at July 31, 2015
 
4,275,451

 
5.75

 
7.29
 
17,468

Options granted
 
1,449,350

 
9.50

 
 
 
 
Options exercised
 
(625,496
)
 
1.86

 
 
 
 
Options canceled
 
(460,213
)
 
7.87

 
 
 
 
Balances at July 31, 2016
 
4,639,092

 
$
7.24

 
7.15
 
$
24,146

Exercisable at July 31, 2016
 
2,372,431

 
$
4.27

 
5.55
 
$
19,375

Vested and expected to vest at July 31, 2016
 
4,207,727

 
$
6.93

 
7.00
 
$
23,169

  
Summary of Stock Options Outstanding under Company's Equity Plans
The following table summarizes information about stock options outstanding under the Company’s equity plans as of July 31, 2016:

 
 
Options Outstanding
 
Options Exercisable
Exercise Price
 
Number of
Options
Outstanding
 
Weighted-
Average
Remaining
Contractual
Life
(Years)
 
Weighted-
Average
Exercise
Price per
Share
 
Number of
Options
Exercisable
 
Weighted-
Average
Exercise
Price
Per Share
$
0.46

 
216,420

 
4.82
 
$
0.46

 
216,420

 
$
0.46

$
0.61

 
21,707

 
2.50
 
0.61

 
21,707

 
0.61

$
0.68

 
490,335

 
5.67
 
0.68

 
455,795

 
0.68

$
1.06

 
436,699

 
0.45
 
1.06

 
436,699

 
1.06

$
1.52

 
89,895

 
6.13
 
1.52

 
86,859

 
1.52

$
1.75

 
105,131

 
6.65
 
1.75

 
89,002

 
1.75

$
3.65

 
84,238

 
6.90
 
3.65

 
61,775

 
3.65

$
4.10

 
633,700

 
7.17
 
4.10

 
471,529

 
4.10

$
4.26

 
38,948

 
7.38
 
4.26

 
25,050

 
4.26

$
7.37

 
98,380

 
7.60
 
7.37

 
59,751

 
7.37

$
7.41

 
527,050

 
9.08
 
7.41

 
—

 
—

$
7.70

 
54,450

 
9.63
 
7.70

 
—

 
—

$
8.05

 
62,000

 
9.38
 
8.05

 
—

 
—

$
8.20

 
57,000

 
9.46
 
8.20

 
—

 
—

$
8.32

 
37,000

 
9.13
 
8.32

 
—

 
—

$
8.37

 
42,100

 
9.48
 
8.37

 
—

 
—

$
9.12

 
64,568

 
7.84
 
9.12

 
36,452

 
9.12

$
9.60

 
18,000

 
9.72
 
9.60

 
—

 
—

$
10.41

 
100,100

 
8.05
 
10.41

 
51,795

 
10.41

$
10.78

 
62,250

 
9.23
 
10.78

 
—

 
—

$
10.86

 
16,700

 
8.90
 
10.86

 
5,300

 
10.86

$
11.96

 
25,000

 
9.97
 
11.96

 
—

 
—

$
12.69

 
307,701

 
8.24
 
12.69

 
127,500

 
12.69

$
12.96

 
447,100

 
9.89
 
12.96

 
625

 
12.96

$
13.68

 
102,338

 
8.30
 
13.68

 
44,394

 
13.68

$
15.88

 
153,172

 
8.40
 
15.88

 
66,913

 
15.88

$
17.56

 
347,110

 
8.64
 
17.56

 
114,865

 
17.56

 
 
4,639,092

 
7.15
 
$
7.24

 
2,372,431

 
$
4.27

  
Assumptions Used to Estimate Fair Value of Options Granted
The following assumptions were used to estimate the fair value of options granted:

 
 
Year Ended July 31,
 
 
2016
 
2015
 
2014
Expected term (in years)
 
5.5 – 6.2

 
5.8 – 6.4

 
5.5 – 6.9

Risk-free interest rate
 
1.3 –1.9

 
1.5 –1.9

 
1.7 – 2.3

Expected volatility
 
43 – 45

 
39 – 44

 
48 – 50

Dividend yield
 
—
%
 
—
%
 
—
%
Fair value of common stock
 
$7.41 – $12.96

 
$10.41 – $17.56

 
$4.11 – $9.12

  
Assumptions Used to Estimate Fair Value of ESPP Shares
The following assumptions were used to estimate the fair value of ESPP shares:

 
 
Year Ended July 31,
 
 
2016
 
2015
Expected term (in years)
 
0.5

 
0.7

Risk-free interest rate
 
0.4% – 0.5%

 
0.1
%
Expected volatility
 
36% – 40%

 
30
%
Dividend yield
 
—
%
 
—
%
Fair value of common stock
 
$8.27 – $12.81

 
$
17.00

  
Summary of RSUs under Company's Equity Plans and Related Information
A summary of RSUs under the Company’s equity plans and related information was as follows:

 
 
RSUs Outstanding
 
 
 
Aggregate
Intrinsic Value
(In thousands)
 
 
Number of
Shares
 
Weighted-
Average
Grant-
Date
Fair
Value
 
Weighted-
Average
Remaining
Contractual
Life (Years)
 
Balances at July 31, 2013
 
66,775

 
$
1.05

 
 
 
 
Granted
 
20,343

 
7.48

 
 
 
 
Released
 
(70,655
)
 
1.43

 
 
 
 
Forfeited
 
(657
)
 
7.38

 
 
 
 
Balances at July 31, 2014
 
15,806

 
7.38

 
 
 
 
Granted
 
266,257

 
13.92

 
 
 
 
Released
 
—

 
—

 
 
 
 
Forfeited
 
(2,917
)
 
7.38

 
 
 
 
Balances at July 31, 2015
 
279,146

 
13.68

 
3.58
 
$
2,247

Granted
 
2,564,275

 
8.93

 
 
 
 
Released
 
(156,708
)
 
10.70

 
 
 
 
Forfeited
 
(261,819
)
 
8.65

 
 
 
 
Balances at July 31, 2016
 
2,424,894

 
$
9.39

 
3.27
 
$
30,166