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Document and Entity Information	9 Months Ended
Document and Entity Information	Apr. 30, 2014 shares
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Entity Registrant Name	Guidewire Software, Inc.
Entity Central Index Key	0001528396
Entity Filer Category	Large Accelerated Filer
Current Fiscal Year End Date	--07-31
Entity Common Stock, Shares Outstanding	68,557,084

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2014	Jul. 31, 2013
CURRENT ASSETS:
Cash and cash equivalents	$ 159,336	$ 79,767
Short-term investments	271,033	76,932
Accounts receivable	58,319	40,885
Deferred tax assets, current	2,917	2,897
Prepaid expenses and other current assets	11,589	9,612
Total current assets	503,194	210,093
Long-term investments	169,780	51,040
Property and equipment, net	12,459	12,914
Intangible assets, net	5,799	6,879
Deferred tax assets, noncurrent	31,786	21,091
Goodwill	9,205	9,048
Other assets	1,485	1,205
TOTAL ASSETS	733,708	312,270
CURRENT LIABILITIES:
Accounts payable	6,418	6,517
Accrued employee compensation	24,214	26,302
Deferred revenues, current	52,746	37,351
Other current liabilities	5,088	4,614
Total current liabilities	88,466	74,784
Deferred revenues, noncurrent	5,552	3,845
Other liabilities	4,695	5,212
Total liabilities	98,713	83,841
STOCKHOLDERS’ EQUITY:
Common stock	7	6
Additional paid-in capital	657,027	237,769
Accumulated other comprehensive loss	(1,386)	(1,558)
Accumulated deficit	(20,653)	(7,788)
Total stockholders’ equity	634,995	228,429
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 733,708	$ 312,270

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Revenues :
License	$ 31,927	$ 22,918	$ 86,012	$ 74,482
Maintenance	10,440	9,110	29,969	27,690
Services	39,668	36,222	116,058	101,567
Total revenues	82,035	68,250	232,039	203,739
Cost of revenues:
License	845	139	3,394	436
Maintenance	2,238	2,079	6,192	5,430
Services	34,259	33,774	106,397	89,071
Total cost of revenues	37,342	35,992	115,983	94,937
Gross profit :
License	31,082	22,779	82,618	74,046
Maintenance	8,202	7,031	23,777	22,260
Services	5,409	2,448	9,661	12,496
Total gross profit	44,693	32,258	116,056	108,802
Operating expenses:
Research and development	20,634	16,854	58,444	47,503
Sales and marketing	17,968	11,915	53,871	36,680
General and administrative	9,489	7,851	27,567	23,962
Total operating expenses	48,091	36,620	139,882	108,145
Income (loss) from operations	(3,398)	(4,362)	(23,826)	657
Interest income, net	415	137	919	359
Other income (expense), net	190	(268)	372	(104)
Income (loss) before benefit from income taxes	(2,793)	(4,493)	(22,535)	912
Provision for (benefit from) income taxes	(1,435)	(1,823)	(9,670)	(2,366)
Net income (loss)	$ (1,358)	$ (2,670)	$ (12,865)	$ 3,278
Earnings (loss) per share:
Basic	$ (0.02)	$ (0.05)	$ (0.20)	$ 0.06
Diluted	$ (0.02)	$ (0.05)	$ (0.20)	$ 0.05
Shares used in computing earnings (loss) per share:
Basic	68,261,964	57,017,856	64,718,852	55,887,786
Diluted	68,261,964	57,017,856	64,718,852	61,732,623

Condensed Consolidated Statement of Comprehensive Income (Loss) Statement - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,358)	$ (2,670)	$ (12,865)	$ 3,278
Foreign currency translation adjustments	546	(214)	109	(215)
Unrealized gains on available-for-sale securities, net of tax of $10 and $0; $42 and $0	58	38	102	58
Reclassification adjustment for gains realized on available-for-sale securities, included in net income (loss)	(19)	0	(39)	0
Other comprehensive income (loss)	585	(176)	172	(157)
Comprehensive income (loss)	$ (773)	$ (2,846)	$ (12,693)	$ 3,121

Condensed Consolidated Statement of Comprehensive Income (Loss) Condensed Consolidated Statement of Comprehensive Income (Loss) Parenthetical - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Statement of Comprehensive Income [Abstract]
Tax provision on unrealized gains on available-for-sale securities	$ 10	$ 0	$ 42	$ 0

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2014	Apr. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (12,865)	$ 3,278
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	4,978	3,182
Stock-based compensation	47,520	28,430
Excess tax benefit from exercise of stock options and vesting of RSUs	(498)	(323)
Deferred taxes	(10,712)	(4,779)
Other noncash items affecting net income (loss)	2,227	272
Changes in operating assets and liabilities:
Accounts receivable	(17,820)	(15,949)
Prepaid expenses and other assets	(2,187)	403
Accounts payable	135	700
Accrued employee compensation	(2,279)	(5,049)
Other liabilities	382	1,959
Deferred revenues	17,172	(4,012)
Net cash provided by operating activities	26,053	8,112
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale securities	(521,005)	(170,513)
Sales and maturities of available-for-sale securities	206,046	57,256
Purchase of property and equipment	(3,669)	(7,061)
Acquisition of business, net of cash acquired	(157)	0
Decrease in restricted cash	0	3,520
Net cash used in investing activities	(318,785)	(116,798)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock upon exercise of stock options	7,354	7,964
Taxes remitted on RSU awards vested	(25,654)	(14,695)
Proceeds from issuance of common stock in connection with public offering, net of underwriting discounts and commissions	389,949	0
Costs paid in connection with public offerings	(408)	0
Excess tax benefit from exercise of stock options and vesting of RSUs	498	323
Net cash provided by (used in) financing activities	371,739	(6,408)
Effect of foreign exchange rate changes on cash and cash equivalents	562	(94)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	79,569	(115,188)
CASH AND CASH EQUIVALENTS—Beginning of period	79,767	205,718
CASH AND CASH EQUIVALENTS—End of period	159,336	90,530
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for income taxes	2,036	1,569
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Accruals for purchase of property and equipment	$ 409	$ 953

The Company and Summary of Significant Accounting Policies and Estimates

9 Months Ended

Apr. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The Company and Summary of Significant Accounting Policies and Estimates


	The Company and Summary of Significant Accounting Policies and Estimates

Business

Guidewire Software, Inc., a Delaware corporation, was incorporated on September 20, 2001. Guidewire Software, Inc., together with its subsidiaries (the “Company”), provides Internet-based software platforms for core insurance operations, including underwriting and policy administration, claim management and billing. The Company’s customers include insurance carriers for property and casualty and workers’ compensation insurance. The Company has wholly-owned subsidiaries in Australia, Canada, China, France, Germany, Hong Kong, Ireland, Italy, Japan, Poland and the United Kingdom.

The Company offers a suite of applications to enable core property and casualty (“P&C”) insurance operations comprised of the following products: PolicyCenter, ClaimCenter and BillingCenter. The Company also provides maintenance support and provides professional services to the extent requested by its customers.

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements and accompanying notes include the Company and its wholly-owned subsidiaries, and reflect all adjustments (all of which are normal and recurring in nature) that, in the opinion of management, are necessary for a fair presentation of the interim periods presented. All inter-company balances and transactions have been eliminated in consolidation. Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) have been condensed or omitted under the rules and regulations of the Securities and Exchange Commission (“SEC”).

These unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and related notes, together with management’s discussion and analysis of financial condition and results of operations, presented in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2013. There have been no changes in the Company’s significant accounting policies from those that were disclosed in the Company’s audited consolidated financial statements for the fiscal year ended July 31, 2013 included in the Company’s Annual Report on Form 10-K.

Use of Estimates

The preparation of the accompanying condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Significant items subject to such estimates include revenue recognition, the useful lives of property and equipment and intangible assets, allowance for doubtful accounts, valuation allowance for deferred tax assets, stock-based compensation, annual bonus attainment, income tax uncertainties, valuation of goodwill and intangible assets, and contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ significantly from these estimates.

Cash, Cash Equivalents, Investments, and Restricted Cash

Cash and cash equivalents are comprised of cash and highly liquid investments with remaining maturities of 90 days or less at the date of purchase. The Company classifies investments as short-term when they have remaining contractual maturities of less than one year from the balance sheet date, and as long-term when the investments have remaining contractual maturities of more than one year from the balance sheet date. Cash equivalents are comprised of money market funds and short-term investments with an investment rating of either of the following: Moody's of A3 or higher or Standard & Poor's of A- or higher. The Company is exposed to credit risk in the event of default by the financial institutions or the issuers of these investments to the extent the amounts recorded on the balance sheet are in excess of amounts that are insured by the Federal Deposit Insurance Corporation (“FDIC”). Restricted cash is held in certificates of deposit pursuant to lease agreements, and, in prior periods, pursuant to secured letter of credit agreements as well.

The Company's investment policy is consistent with the definition of available-for-sale securities. From time to time, the Company may sell certain securities but the objectives are generally not to generate profits on short-term differences in price.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, short-term and long-term investments, and accounts receivable. The Company maintains its cash, cash equivalents and short-term and long-term investments with high quality financial institutions with investment grade ratings.

No customer accounted for 10% or more of the Company’s revenues for the three and nine months ended April 30, 2014 or 2013. Two customers accounted for 10% or more of the Company's total accounts receivable as of April 30, 2014. The Company had one customer that accounted for 10% of total accounts receivable as of July 31, 2013.

Revenue Recognition

The Company enters into arrangements to deliver multiple products or services (multiple-elements). The Company applies software revenue recognition rules and allocates the total revenues among elements based on vendor-specific objective evidence ("VSOE") of fair value of each element. The Company recognizes revenue on a net basis excluding taxes collected from customers and remitted to government authorities.

Revenues are derived from three sources:


(i)	License fees, related to term (or time-based) software license revenue which includes enterprise cloud-based applications and technology cross-licensing revenue from a strategic partnership and perpetual software license revenues;


(ii)	Maintenance fees, related to email and phone support, bug fixes and unspecified software updates and upgrades released when, and if, available during the maintenance term; and


(iii)	Services fees, related to professional services related to implementation of our software, reimbursable travel and training.

Revenues are recognized when all of the following criteria are met:


•	Persuasive evidence of an arrangement exists. Evidence of an arrangement consists of a written contract signed by both the customer and management prior to the end of the period.


•	Delivery or performance has occurred. The Company’s software is delivered electronically to the customer. Delivery is considered to have occurred when the Company provides the customer access to the software along with login credentials.

•

Fees are fixed or determinable. Arrangements where a significant portion of the fee is due beyond 90 days from delivery are not considered to be fixed or determinable. Revenues from such arrangements is recognized as payments become due, assuming all other revenue recognition criteria have been met. Fees from term licenses are generally due in annual or, in certain cases, quarterly, installments over the term of the agreement beginning on the effective date of the license. Accordingly, fees from term licenses are not considered to be fixed or determinable until they become due.

•

Collectability is probable. Collectability is assessed on a customer-by-customer basis, based primarily on creditworthiness as determined by credit checks and analysis, as well as customer payment history. Payment terms generally range from 30 to 90 days from invoice date. If it is determined prior to revenue recognition that collection of an arrangement fee is not probable, revenues are deferred until collection becomes probable or cash is collected, assuming all other revenue recognition criteria are satisfied.

VSOE of fair value does not exist for the Company’s software licenses; therefore, for all arrangements that do not include services that are essential to the functionality of the software, the Company allocates revenues to software licenses using the residual method. Under the residual method, the amount recognized for license fees is the difference between the total fixed and determinable fees and the VSOE of fair value for the undelivered elements under the arrangement.

The VSOE of fair value for elements of an arrangement is based upon the normal pricing and discounting practices for those elements when sold separately. VSOE of fair value for maintenance is established using the stated maintenance renewal rate in the customer’s contract. The Company generally enters into term licenses ranging from 3 to 7 years. For term licenses with duration of one year or less, no VSOE of fair value for maintenance exists. The Company began using stated maintenance renewal rates in customers’ contracts during fiscal year 2008. Prior to that, customers’ contracts did not have stated maintenance renewal rates and the Company was unable to establish VSOE of maintenance. VSOE of fair value for services is established if a substantial majority of historical stand-alone selling prices for a service fall within a reasonably narrow price range.

If VSOE of fair value for one or more undelivered elements does not exist, the total arrangement fee is not recognized until delivery of those elements occurs or when VSOE of fair value is established.

If the undelivered elements are all service elements and VSOE of fair value does not exist for one or more service element, the total arrangement fee is recognized ratably over the longest service period starting at software delivery, assuming all the related services have been made available to the customer.

When implementation services are sold with a license arrangement, the Company evaluates whether those services are essential to the functionality of the software. Prior to fiscal year 2008, implementation services were determined to be essential to the software because the implementation services were generally not available from other third party vendors. By the beginning of fiscal year 2008, third-party vendors were providing implementation services for ClaimCenter and it was concluded that implementation services generally were not essential to the functionality of the ClaimCenter software. By the beginning of fiscal year 2011, third-party vendors were providing implementation services for PolicyCenter and BillingCenter and it was concluded that implementation services generally were no longer essential to the functionality of the PolicyCenter and BillingCenter software. In certain offerings sold as fixed fee arrangements, the Company recognizes services revenues on a proportional performance basis as performance obligations are completed by using the ratio of labor hours to date as an input measure compared to total estimated labor hours for the consulting services.

In cases where professional services are deemed to be essential to the functionality of the software, the arrangement is accounted for using contract accounting until the essential services are complete. If reliable estimates of total project costs and the extent of progress toward completion can be made, the Company applies the percentage-of-completion method in recognizing the arrangement fee. The percentage toward completion is measured by using the ratio of service billings to date compared to total estimated service billings for the consulting services. Service billings approximate labor hours as an input measure since they are billed monthly on a time and material basis. For term licenses with license fees due in equal installments over the term, the license revenues subject to percentage-of-completion recognition includes only those payments that are due and payable within the reporting period. The fees related to the maintenance are recognized over the period the maintenance is provided.

When VSOE for maintenance has not been established and the arrangement includes implementation services which are deemed essential to the functionality of the software and it is reasonably assured that no loss will be incurred under the arrangement, revenues are recognized pursuant to the zero gross margin method. Under this method, revenues recognized are limited to the costs incurred for the implementation services. As a result, billed license and maintenance fees and the profit margin on the professional services are generally deferred until the essential services are completed and then recognized over the remaining term of the maintenance period.

If the Company cannot make reliable estimates of total project implementation and it is reasonably assured that no loss will be incurred under such arrangements, the zero profit margin method is applied whereby an amount of revenues equal to the incurred costs of the project is recognized as well as the incurred costs, producing a zero margin until project estimates become reliable. The percentage-of-completion method is applied when project estimates become reliable; resulting in a cumulative effect adjustment for deferred license revenues to the extent of progress toward completion, and the related deferred professional service margin is recognized in full as revenues. Such cumulative effect adjustment for license revenues was nil for the three and nine months ended April 30, 2014, and nil and $3.2 million for the three and nine months ended April 30, 2013, respectively, and for service revenues was nil for the three and nine months ended April 30, 2014, and nil and $1.7 million for the three and nine months ended April 30, 2013, respectively.

Deferred Revenues

Deferred revenues represent amounts billed to or collected from customers for which the related revenues have not been recognized because one or more of the revenue recognition criteria have not been met. The current portion of deferred revenues represents the amount that is expected to be recognized as revenues within one year from the balance sheet date. The Company generally invoices fees for licenses and maintenance to its customers in annual or, in certain cases, quarterly installments payable in advance. Accordingly, the deferred revenues balance does not represent the total contract value of annual or multi-year, non-cancellable arrangements.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets related to excess tax benefits are recorded when utilized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company records a valuation allowance to reduce deferred tax assets to an amount of which realization is more likely than not.

Accounting guidance related to accounting for uncertainties in income taxes provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits of the position. This accounting guidance also provides guidance on measurement, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

The Company records interest and penalties related to unrecognized tax benefits as income tax expense in its condensed consolidated statement of operations.

Stock-Based Compensation

The Company recognizes compensation expense related to its stock options and restricted stock units (“RSUs”) granted to employees based on the estimated fair value of the awards on the date of grant, net of estimated forfeitures. The RSUs are subject to time-based vesting, which generally occurs over a period of 4 years. Compensation cost for RSUs is generally recognized over the time-based vesting period. The options expire 10 years from the grant date. The Company estimates the grant date fair value, and the resulting stock-based compensation expense, of our stock options using the Black-Scholes option-pricing model. The grant date fair value of the stock-based awards is recognized using the accelerated multiple option approach over the requisite service period, which is generally the vesting period of the respective awards.

Public Offering

On October 28, 2013, the Company closed its follow-on public offering of 8,306,291 shares of its common stock, including the underwriters’ partial exercise of their over-allotment option from the Company. The public offering price of the shares sold in the offering was $48.75 per share. The Company received aggregate proceeds of approximately $389.9 million from the follow-on offering, net of underwriters’ discounts and commissions applicable to the sale of shares by the Company, but before deduction of offering costs of approximately $0.4 million payable by the Company. No shares were sold by the Company’s shareholders in this follow-on offering.

Recent Accounting Pronouncement

Revenue from Contracts with Customers

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) which provides guidance for revenue recognition. This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition-Construction-Type and Production-Type Contracts. The standard will be effective for the Company beginning August 1, 2017. The Company is currently evaluating the impact of the adoption of this accounting standard update on its condensed consolidated financial statements.

Presentation of Unrecognized Tax Benefits

In July 2013, the FASB issued authoritative guidance that requires an entity to present an unrecognized tax benefit ("UTB"), or a portion of a UTB, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the UTB should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The guidance is effective prospectively for fiscal years and interim reporting periods within those years, beginning after December 15, 2013. The Company does not expect this guidance to have a material impact on its condensed consolidated financial statements.

Fair Value of Financial Instruments

9 Months Ended

Apr. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Available-for-sale investments within cash equivalents and investments consist of the following:



	April 30, 2014
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. agency securities	$	86,042	$	50	$	(9	)	$	86,083
Asset-backed securities	5,173		—		—			5,173
Commercial paper	166,318		17		(1		)	166,334
Corporate bonds	237,430		118		(41		)	237,507
U.S. government bonds	4,996		2		—			4,998
Foreign government bonds	2,770		—		(17		)	2,753
Money market funds	51,837		—		—			51,837
Certificate of deposit	2,700		—		(2		)	2,698
Municipal debt securities	14,341		14		(2		)	14,353
Total	$	571,607	$	201	$	(72	)	$	571,736



	July 31, 2013
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. agency securities	$	37,087	$	21	$	(4	)	$	37,104
Asset-backed securities	4,522		—		(1		)	4,521
Commercial paper	35,777		11		(1		)	35,787
Corporate bonds	63,281		23		(14		)	63,290
Foreign government bonds	776		—		(1		)	775
Money market funds	33,216		—		—			33,216
Municipal debt securities	9,105		4		(14		)	9,095
Total	$	183,764	$	59	$	(35	)	$	183,788

The following table shows the gross unrealized losses and fair value of the Company's investments with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:



	April 30, 2014
	Less Than 12 Months					12 Months or Greater				Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(in thousands)
Commercial paper	$	11,098	$	(1	)	$	—	$	—	$	11,098	$	(1	)
Asset-backed securities	999		—			—		—		999		—
U. S. Agency Securities	27,995		(9		)	—		—		27,995		(9		)
Corporate bonds	74,350		(41		)	—		—		74,350		(41		)
Foreign government bonds	2,753		(17		)	—		—		2,753		(17		)
Certificate of deposit	2,698		(2		)	—		—		2,698		(2		)
Municipal debt securities	5,895		(2		)	—		—		5,895		(2		)
Total	$	125,788	$	(72	)	$	—	$	—	$	125,788	$	(72	)

As of April 30, 2014, the Company had 45 investments in an unrealized loss position making up the unrealized losses of $72 thousand. The unrealized losses on our available-for-sale securities were primarily a result of unfavorable changes in interest rates subsequent to the initial purchase of these securities. The Company does not intend to sell, nor believes it will need to sell, these securities before recovering the associated unrealized losses. The Company does not consider any portion of the unrealized losses at April 30, 2014 to be an other-than-temporary impairment, nor are any unrealized losses considered to be credit losses. The Company has recorded the securities at fair market value in its condensed consolidated balance sheets, with unrealized gains and losses reported as a component of accumulated other comprehensive income. Upon sale, amounts of gains and losses reclassified into earnings are determined based on specific identification of the securities sold.

The following table summarizes the contractual maturities of the Company’s available-for-sale securities as of April 30, 2014:



	Expected maturities for the year ending April 30,
	2015		2016		Total
	(in thousands)
U.S. agency securities	$	27,105	$	58,978	$	86,083
Asset-backed securities	4,601		572		5,173
Commercial paper	166,334		—		166,334
Corporate bonds	134,731		102,776		237,507
U.S. government bonds	4,998		—		4,998
Foreign government bonds	—		2,753		2,753
Money market funds	51,837		—		51,837
Certificate of deposit	—		2,698		2,698
Municipal debt securities	12,350		2,003		14,353
Total	$	401,956	$	169,780	$	571,736

Fair value is defined as the exchange price that would be received for an asset or an exit price paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The current accounting guidance for fair value measurements defines a three-level valuation hierarchy for disclosures as follows:

Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities;

Level 2—Inputs other than quoted prices included within Level I that are observable, unadjusted quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data; and

Level 3—Unobservable inputs that are supported by little or no market activity, which require the Company to develop its own assumptions.

The categorization of a financial instrument within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The carrying value of the Company's accounts receivable, accounts payable and accrued liabilities approximates their fair value due to the short-term nature of these instruments.

We base the fair value of our Level 1 financial instruments, which are in active markets, using quoted market prices for identical instruments.

We obtain the fair value of our Level 2 financial instruments, which are not in active markets, from a third-party professional pricing service using quoted market prices for identical or comparable instruments, rather than direct observations of quoted prices in active markets. Our professional pricing service gathers observable inputs for all of our fixed income securities from a variety of industry data providers (e.g. large custodial institutions) and other third-party sources. Once the observable inputs are gathered, all data points are considered and an average price is determined.

We validate the quoted market prices provided by our primary pricing service by comparing their assessment of the fair values of our Level 2 investment portfolio balance against the fair values of our Level 2 investment portfolio balance provided by our investment managers. Our investment managers use similar techniques to our professional pricing service to derive pricing as described above.

We did not have any Level 3 financial assets or liabilities as of April 30, 2014 or July 31, 2013.

The following tables summarize the Company's financial assets measured at fair value on a recurring basis, by level within the fair value hierarchy as of April 30, 2014 and July 31, 2013:



	April 30, 2014
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents:
Commercial paper	$	—	$	79,086	$	—	$	79,086
Money market funds	51,837		—		—		51,837
Short-term investments:
U.S. agency securities	—		27,105		—		27,105
Asset-backed securities	—		4,601		—		4,601
Commercial paper	—		87,248		—		87,248
Corporate bonds	—		134,731		—		134,731
U.S. government bonds	—		4,998		—		4,998
Municipal debt securities	—		12,350		—		12,350
Long-term investments:
U.S. agency securities	—		58,978		—		58,978
Asset-backed securities	—		572		—		572
Corporate bonds	—		102,776		—		102,776
Foreign Government Bond	—		2,753		—		2,753
Certificate of deposit	—		2,698		—		2,698
Municipal debt securities	—		2,003		—		2,003
Total assets	$	51,837	$	519,899	$	—	$	571,736



	July 31, 2013
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents:
Commercial paper	$	—	$	20,597	$	—	$	20,597
Corporate bonds	—		2,003		—		2,003
Money market funds	33,216		—		—		33,216
Short-term investments:
U.S. agency securities	—		9,097		—		9,097
Asset-backed securities	—		2,421		—		2,421
Commercial paper	—		15,190		—		15,190
Corporate bonds	—		47,572		—		47,572
Foreign government bonds	—		775		—		775
Municipal debt securities	—		1,877		—		1,877
Long-term investments:
U.S. agency securities	—		28,007		—		28,007
Asset-backed securities	—		2,100		—		2,100
Corporate bonds	—		13,715		—		13,715
Municipal debt securities	—		7,218		—		7,218
Total assets	$	33,216	$	150,572	$	—	$	183,788

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Balance Sheet Components

9 Months Ended

Apr. 30, 2014

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components

Property and equipment consist of the following:



	April 30, 2014			July 31, 2013
	(in thousands)
Computer hardware	$	10,972		$	8,820
Software	5,447			4,460
Furniture and fixtures	2,676			2,666
Leasehold improvements	6,635			6,536
Total property and equipment	25,730			22,482
Less accumulated depreciation and amortization	(13,271		)	(9,568		)
Property and equipment, net	$	12,459		$	12,914

As of April 30, 2014 and July 31, 2013, no property and equipment was pledged as collateral against borrowings. Amortization of leasehold improvements is included in depreciation and amortization expense.

The following table presents changes in the carrying amount of goodwill:



	Total
	(in thousands)
Goodwill, July 31, 2013	$	9,048
Changes in carrying value	157
Goodwill, April 30, 2014	$	9,205

Intangible assets consist of the following:



	April 30, 2014			July 31, 2013
Acquired technology:	(in thousands)
Cost	$	7,200		$	7,200
Accumulated amortization	(1,401		)	(321		)
Net	$	5,799		$	6,879

Amortization expense was $0.4 million and $1.1 million for the three and nine month period ended April 30, 2014, respectively, and nil for the three and nine month period ended April 30, 2013. Estimated aggregate amortization expense for each of the next five fiscal years is as follows:



	Future Amortization
	(in thousands)
Fiscal year ending July 31,
2014 (remainder of fiscal year)	$	360
2015	1,440
2016	1,440
2017	1,440
2018	1,119
Total	$	5,799

Accrued employee compensation consists of the following:



	April 30, 2014		July 31, 2013
	(in thousands)
Accrued bonuses	$	11,257	$	13,072
Accrued commission	1,045		2,043
Accrued vacation	7,880		7,335
Payroll accruals	4,032		3,852
Total	$	24,214	$	26,302

Changes in accumulated other comprehensive loss by component during the nine month period ended April 30, 2014 were as follows:



	Foreign Currency Items			Unrealized gain (loss) on available-for-sale securities			Total
	(in thousands)
Balance as of July 31, 2013	$	(1,582	)	$	24		$	(1,558	)
Other comprehensive gain (loss) before reclassification	109			144			253
Amounts reclassified from accumulated other comprehensive gain (loss) to earnings	—			(39		)	(39		)
Tax effect	—			(42		)	(42		)
Balance as of April 30, 2014	$	(1,473	)	$	87		$	(1,386	)

Earnings per Share

9 Months Ended

Apr. 30, 2014

Earnings Per Share [Abstract]

Earnings per Share

The following table sets forth the computation of the Company’s basic and diluted earnings per share for the three and nine months ended April 30, 2014 and 2013:



	Three Months Ended April 30,						Nine Months Ended April 30,
	2014			2013			2014			2013
	(in thousands, except share and per share amounts)
Numerator:
Net income (loss)	$	(1,358	)	$	(2,670	)	$	(12,865	)	$	3,278
Earnings (loss) per share:
Basic	$	(0.02	)	$	(0.05	)	$	(0.20	)	$	0.06
Diluted	$	(0.02	)	$	(0.05	)	$	(0.20	)	$	0.05
Denominator:
Weighted average shares used in computing earnings (loss) per share:
Basic	68,261,964			57,017,856			64,718,852			55,887,786
Weighted average effect of dilutive stock options	—			—			—			3,659,929
Weighted average effect of dilutive restricted stock units	—			—			—			2,184,908
Diluted	68,261,964			57,017,856			64,718,852			61,732,623

The following outstanding shares of common stock equivalents were excluded from the computation of diluted earnings per share for the periods presented because including them would have been antidilutive:



	Three Months Ended April 30,		Nine Months Ended April 30,
	2014	2013	2014	2013
Stock options to purchase common stock	2,543,620	4,411,791	3,038,569	302,144
Restricted stock units	3,911,941	4,391,477	4,322,264	46,971

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Apr. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies There has been no material change in the Company's contractual obligations and commitments other than in the ordinary course of business since the Company's fiscal year ended July 31, 2013. See the Annual Report on Form 10-K for the fiscal year ended July 31, 2013 for additional information regarding the Company's contractual obligations. Leases The Company leases certain facilities and equipment under operating leases. On December 5, 2011, the Company entered into a seven-year lease for a facility to serve as its corporate headquarters, located in Foster City, California, for approximately 97,674 square feet of space which commenced on August 1, 2012. In connection with this lease, the Company opened an unsecured letter of credit with Silicon Valley Bank for $1.2 million. Lease expense for all worldwide facilities and equipment, which is being recognized on a straight-line basis over terms of the various leases, was $1.5 million and $4.4 million during the three and nine months ended April 30, 2014, and $1.4 million and $3.8 million for the three and nine months ended April 30, 2013. Letters of Credit In addition to the unsecured letter of credit noted above, the Company had an unsecured letter of credit agreement related to a customer arrangement for Polish Zloty 10.0 million (approximately $3.3 million as of April 30, 2014) to secure contractual commitments and prepayments. No amounts were outstanding under the Company's unsecured letters of credit as of April 30, 2014 or July 31, 2013. The Company had no outstanding secured letters of credit as of April 30, 2014 or July 31, 2013. Legal Proceedings In December 2007, Accenture Global Services GmbH and Accenture LLP (collectively, “Accenture”), a competitor, filed a lawsuit against the Company in the U.S. District Court for the District of Delaware (the “Delaware Court") (Accenture Global Services GmbH and Accenture LLP v. Guidewire Software, Inc., Case No 07-826-SLR). Accenture alleged infringement of U.S. Patent No. 7,013,284 (the “ '284 patent”), among others, by the Company's products; trade-secret misappropriation; and tortious interference with business relations. In October 2011, the Company agreed with Accenture to resolve all outstanding litigation concerning the parties' respective insurance claims management software. As part of the settlement, the parties agreed to a royalty free cross license of all then-current patents and patent applications. In connection with the settlement, the Company has paid $10.0 million to Accenture with a potential additional payment based on the final outcome of Accenture’s appeal regarding the validity of its '284 patent. In May 2011, the Delaware Court granted the Company's motion for summary judgment, finding that Accenture's '284 patent was invalid. In September 2013, the United States Court of Appeals for the Federal Circuit (the "Appeals Court") affirmed the decision of the District Court and held the '284 patent invalid. In December 2013, Accenture's request for a rehearing of the Appeals Court’s affirmation by the full Federal Circuit sitting en banc was denied. In January 2014, Accenture requested United States Supreme Court review; the Company is opposing the request. If Accenture is allowed to appeal and is ultimately successful, then the Company has agreed to pay Accenture an additional $20.0 million. Otherwise, no further payments would be due in connection with the settlement. The Company will continue to vigorously defend the favorable decision of the District Court and the affirmation of the Appeals Court, by opposing any requests for further review, as well as defending any such appeal if allowed. In addition to the matters described above, from time to time, the Company is involved in various other legal proceedings and receives claims, arising from the normal course of business activities. The Company has accrued for estimated losses in the accompanying condensed consolidated financial statements for matters with respect to which it believes the likelihood of an adverse outcome is probable and the amount of the loss is reasonably estimable. Indemnification The Company sells software licenses and services to its customers under contracts (“Software License”). Each Software License contains the terms of the contractual arrangement with the customer and generally includes certain provisions for defending the customer against any claims that the Company’s software infringes upon a patent, copyright, trademark, or other proprietary right of a third party. Software Licenses also indemnify the customer against losses, expenses, and liabilities from damages that may be assessed against the customer in the event the Company’s software is found to infringe upon such third party rights. The Company has not had to reimburse any of its customers for losses related to indemnification provisions and no material claims against the Company are outstanding as of April 30, 2014 and July 31, 2013. For several reasons, including the lack of prior indemnification claims and the lack of a monetary liability limit for certain infringement cases under various Software Licenses, the Company cannot estimate the amount of potential future payments, if any, related to indemnification provisions. The Company has also agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by any of these persons in any action or proceeding to which any of these persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by the Company, arising out of that person’s services as the Company’s director or officer or that person’s services provided to any other company or enterprise at the Company’s request. The Company maintains director and officer insurance coverage that may enable the Company to recover a portion of any future amounts paid.

Stockholders' Equity and Stock-based Compensation

9 Months Ended

Apr. 30, 2014

Stockholders' Equity and Stock-based Compensation [Abstract]

Stockholders' Equity and Stock-based Compensation

Stockholders’ Equity and Stock-based Compensation

Stock-based Compensation Expense

Stock-based compensation expense related to all stock-based awards is as follows:



	Three Months Ended April 30,				Nine Months Ended April 30,
	2014		2013		2014		2013 ⁽¹⁾
Stock-based compensation expenses:	(in thousands)
Cost of license and other	$	41	$	—	$	245	$	—
Cost of maintenance revenues	309		313		932		914
Cost of services revenues	3,927		3,150		13,869		9,205
Research and development	3,075		2,056		10,147		6,544
Sales and marketing	3,440		676		12,153		4,269
General and administrative	3,121		2,077		10,174		7,498
Total stock-based compensation expenses	$	13,913	$	8,272	$	47,520	$	28,430

(1) Expenses shown include $1.0 million of expense recognized in 2013 related to the modification of RSUs upon accelerated vesting terms for the retirement of one of the Company's executives.

As of April 30, 2014, total unrecognized compensation cost, adjusted for estimated forfeitures, was as follows:



	As of April 30, 2014
	Unrecognized Expense		Average Expected Recognition Period
	(in thousands)		(in years)
Restricted stock units	$	64,759	1.2
Stock options	4,464		1.1
	$	69,223

RSUs

RSU activity under the Company's equity incentive plans is as follows:



	RSUs Outstanding
	Number of RSUs Outstanding		Weighted Average Grant Date Fair Value
Balance as of July 31, 2013	4,027,601		$	19.27
Granted	1,543,578		44.47
Released	(1,491,302	)	18.04
Cancelled	(245,458	)	29.83
Balance as of April 30, 2014	3,834,419		$	29.21

The fair value of RSUs released during the three and nine month periods ended April 30, 2014 was $28.0 million and $71.6 million, respectively, and $14.9 million and $40.4 million for the three and nine month periods ended April 30, 2013, respectively.

Stock Options

Stock option activity under the Company's equity incentive plans is as follows:



	Stock Options Outstanding
	Number of Stock Options Outstanding		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value⁽¹⁾
					(in years)	(in thousands)
Balance as of July 31, 2013	3,763,228		$	6.74	5.7	$	139,315
Granted	215,930		47.10
Exercised	(1,383,388	)	5.31
Cancelled	(8,561	)	21.75
Balance as of April 30, 2014	2,587,209		$	10.82	5.7	$	71,667
Vested and expected to vest as of April 30, 2014	2,543,086		$	10.44	5.7	$	71,281
Exercisable as of April 30, 2014	1,972,111		$	5.60	4.9	$	63,699


⁽¹⁾	Aggregate intrinsic value represents the difference between the Company's closing stock price of $37.76 and $43.76 on April 30, 2014 and July 31, 2013, respectively, and the exercise price of outstanding, in-the-money options.

The options exercisable as of April 30, 2014 include options that are exercisable prior to vesting. The total intrinsic value of options exercised was approximately $9.9 million and $58.8 million for the three and nine months ended April 30, 2014, respectively, and $23.3 million and $76.4 million for the three and nine months ended April 30, 2013, respectively.

Valuation of Awards

The per share fair value of each stock option was determined on the date of grant using the Black-Scholes option-pricing model and the following weighted average assumptions:



	Three Months Ended April 30,		Nine Months Ended April 30,
	2014	2013	2014	2013
Expected life (in years)	5.3	6.1	5.0 - 6.1	5.1 - 6.1
Risk-free interest rate	1.7%	1.2%	1.5% - 2.0%	0.6% - 1.2%
Expected volatility	42.3%	46.9%	41.3% - 46.2%	45.1% - 48.7%
Expected dividend yield	—%	—%	—%	—%

Common Stock Reserved for Issuance

As of April 30, 2014 and July 31, 2013, the Company was authorized to issue 500,000,000 shares of common stock with a par value of $0.0001 per share. As of April 30, 2014 and July 31, 2013, the Company had reserved shares of common stock for issuance as follows:



	April 30, 2014	July 31, 2013
Exercise of stock options to purchase common stock	2,587,209	3,763,228
Vesting of restricted stock units	3,834,419	4,027,601
Issuances of shares available under stock plans	11,591,985	9,194,058
Total common stock reserved for issuance	18,013,613	16,984,887

Income Taxes	9 Months Ended
Income Taxes	Apr. 30, 2014
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The benefit from income taxes for the three and nine month periods ended April 30, 2014 was $1.4 million and $9.7 million, respectively. The benefit for income taxes for the three and nine month periods ended April 30, 2013 was $1.8 million and $2.4 million, respectively. The decrease in tax benefit recognized in the three month period is primarily due to an increase in profitability in the current period. The increase in tax benefit recognized in the nine month period is primarily due to a decrease in profitability in the nine month period. The effective tax rate of 51.4% and 42.9% for the three and nine month periods ended April 30, 2014 differs from the statutory U.S. federal income tax rate of 35% mainly due to the benefit for the permanent differences for stock-based compensation, the impact of state income taxes, the tax rate differences between the United States and foreign countries, and research tax credits. The Company provides U.S. income taxes on the earnings of foreign subsidiaries, unless the subsidiaries’ earnings are considered indefinitely reinvested outside the United States. As of April 30, 2014, U.S. income taxes were not provided for on the cumulative total of $14.8 million undistributed earnings from certain foreign subsidiaries. As of April 30, 2014, the unrecognized deferred tax liability for these earnings was approximately $1.5 million. During the nine month period ended April 30, 2014, the change in unrecognized tax benefits from the beginning of the period was $1.4 million. Accordingly, as of April 30, 2014, the Company had unrecognized tax benefits of $4.1 million that, if recognized, would affect the Company’s effective tax rate.

Segment Information

9 Months Ended

Apr. 30, 2014

Segment Reporting [Abstract]

Segment Information

The Company operates in one segment. The Company’s chief operating decision maker (the “CODM”), its Chief Executive Officer, manages the Company’s operations on a consolidated basis for purposes of allocating resources. When evaluating the Company’s financial performance, the CODM reviews separate revenues information for the Company’s license, maintenance and professional services offerings, while all other financial information is reviewed on a consolidated basis. All of the Company’s principal operations and decision-making functions are located in the United States.

The following table sets forth revenues by country and region based on the billing address of the customer:



	Three Months Ended April 30,				Nine Months Ended April 30,
	2014		2013		2014		2013
	(in thousands)
United States	$	48,640	$	37,751	$	126,573	$	109,961
Canada	9,084		10,620		30,039		31,685
Other Americas	1,391		1,358		6,630		6,573
Total Americas	59,115		49,729		163,242		148,219
United Kingdom	7,662		5,035		28,316		17,114
Other EMEA	9,624		6,894		25,649		19,839
Total EMEA	17,286		11,929		53,965		36,953
Total APAC	5,634		6,592		14,832		18,567
Total revenues	$	82,035	$	68,250	$	232,039	$	203,739

No country, other than those presented above, accounted for more than 10% of revenues during the three and nine months ended April 30, 2014 and 2013.

The following table sets forth the Company’s long-lived assets, including intangibles and goodwill, net by geographic region:



	April 30, 2014		July 31, 2013
	(in thousands)
North America	$	26,183	$	27,280
Europe	1,038		1,276
Asia Pacific	242		285
Total	$	27,463	$	28,841

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

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-Name Accounting Standards Codification
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-Publisher FASB
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+ Details

The Company and Summary of Significant Accounting Policies and Estimates (Policies)

9 Months Ended

Apr. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Business

Basis of Presentation

Use of Estimates

Cash. Cash Equivalents, Investments and Restricted Cash

Cash, Cash Equivalents, Investments, and Restricted Cash

Concentration of Credit Risk

Revenue Recognition

Revenues are derived from three sources:


(i)	License fees, related to term (or time-based) software license revenue which includes enterprise cloud-based applications and technology cross-licensing revenue from a strategic partnership and perpetual software license revenues;


(ii)	Maintenance fees, related to email and phone support, bug fixes and unspecified software updates and upgrades released when, and if, available during the maintenance term; and


(iii)	Services fees, related to professional services related to implementation of our software, reimbursable travel and training.

Revenues are recognized when all of the following criteria are met:


•	Persuasive evidence of an arrangement exists. Evidence of an arrangement consists of a written contract signed by both the customer and management prior to the end of the period.


•	Delivery or performance has occurred. The Company’s software is delivered electronically to the customer. Delivery is considered to have occurred when the Company provides the customer access to the software along with login credentials.

•

Deferred Revenues

Income Taxes

The Company records interest and penalties related to unrecognized tax benefits as income tax expense in its condensed consolidated statement of operations.

Stock-Based Compensation

Public Offering

Recent Accounting Pronouncements, Policy

Recent Accounting Pronouncement

Revenue from Contracts with Customers

Presentation of Unrecognized Tax Benefits

Fair Value of Financial Instruments (Tables)

9 Months Ended

Apr. 30, 2014

Fair Value Disclosures [Abstract]

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

Available-for-sale investments within cash equivalents and investments consist of the following:



	April 30, 2014
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. agency securities	$	86,042	$	50	$	(9	)	$	86,083
Asset-backed securities	5,173		—		—			5,173
Commercial paper	166,318		17		(1		)	166,334
Corporate bonds	237,430		118		(41		)	237,507
U.S. government bonds	4,996		2		—			4,998
Foreign government bonds	2,770		—		(17		)	2,753
Money market funds	51,837		—		—			51,837
Certificate of deposit	2,700		—		(2		)	2,698
Municipal debt securities	14,341		14		(2		)	14,353
Total	$	571,607	$	201	$	(72	)	$	571,736



	July 31, 2013
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. agency securities	$	37,087	$	21	$	(4	)	$	37,104
Asset-backed securities	4,522		—		(1		)	4,521
Commercial paper	35,777		11		(1		)	35,787
Corporate bonds	63,281		23		(14		)	63,290
Foreign government bonds	776		—		(1		)	775
Money market funds	33,216		—		—			33,216
Municipal debt securities	9,105		4		(14		)	9,095
Total	$	183,764	$	59	$	(35	)	$	183,788

Schedule of Unrealized Loss on Investments [Table Text Block]



	April 30, 2014
	Less Than 12 Months					12 Months or Greater				Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(in thousands)
Commercial paper	$	11,098	$	(1	)	$	—	$	—	$	11,098	$	(1	)
Asset-backed securities	999		—			—		—		999		—
U. S. Agency Securities	27,995		(9		)	—		—		27,995		(9		)
Corporate bonds	74,350		(41		)	—		—		74,350		(41		)
Foreign government bonds	2,753		(17		)	—		—		2,753		(17		)
Certificate of deposit	2,698		(2		)	—		—		2,698		(2		)
Municipal debt securities	5,895		(2		)	—		—		5,895		(2		)
Total	$	125,788	$	(72	)	$	—	$	—	$	125,788	$	(72	)

Investments Classified by Contractual Maturity Date

The following table summarizes the contractual maturities of the Company’s available-for-sale securities as of April 30, 2014:



	Expected maturities for the year ending April 30,
	2015		2016		Total
	(in thousands)
U.S. agency securities	$	27,105	$	58,978	$	86,083
Asset-backed securities	4,601		572		5,173
Commercial paper	166,334		—		166,334
Corporate bonds	134,731		102,776		237,507
U.S. government bonds	4,998		—		4,998
Foreign government bonds	—		2,753		2,753
Money market funds	51,837		—		51,837
Certificate of deposit	—		2,698		2,698
Municipal debt securities	12,350		2,003		14,353
Total	$	401,956	$	169,780	$	571,736

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The following tables summarize the Company's financial assets measured at fair value on a recurring basis, by level within the fair value hierarchy as of April 30, 2014 and July 31, 2013:



	April 30, 2014
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents:
Commercial paper	$	—	$	79,086	$	—	$	79,086
Money market funds	51,837		—		—		51,837
Short-term investments:
U.S. agency securities	—		27,105		—		27,105
Asset-backed securities	—		4,601		—		4,601
Commercial paper	—		87,248		—		87,248
Corporate bonds	—		134,731		—		134,731
U.S. government bonds	—		4,998		—		4,998
Municipal debt securities	—		12,350		—		12,350
Long-term investments:
U.S. agency securities	—		58,978		—		58,978
Asset-backed securities	—		572		—		572
Corporate bonds	—		102,776		—		102,776
Foreign Government Bond	—		2,753		—		2,753
Certificate of deposit	—		2,698		—		2,698
Municipal debt securities	—		2,003		—		2,003
Total assets	$	51,837	$	519,899	$	—	$	571,736



	July 31, 2013
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents:
Commercial paper	$	—	$	20,597	$	—	$	20,597
Corporate bonds	—		2,003		—		2,003
Money market funds	33,216		—		—		33,216
Short-term investments:
U.S. agency securities	—		9,097		—		9,097
Asset-backed securities	—		2,421		—		2,421
Commercial paper	—		15,190		—		15,190
Corporate bonds	—		47,572		—		47,572
Foreign government bonds	—		775		—		775
Municipal debt securities	—		1,877		—		1,877
Long-term investments:
U.S. agency securities	—		28,007		—		28,007
Asset-backed securities	—		2,100		—		2,100
Corporate bonds	—		13,715		—		13,715
Municipal debt securities	—		7,218		—		7,218
Total assets	$	33,216	$	150,572	$	—	$	183,788

Balance Sheet Components (Tables)

9 Months Ended

Apr. 30, 2014

Balance Sheet Related Disclosures [Abstract]

Property and equipment

Property and equipment consist of the following:



	April 30, 2014			July 31, 2013
	(in thousands)
Computer hardware	$	10,972		$	8,820
Software	5,447			4,460
Furniture and fixtures	2,676			2,666
Leasehold improvements	6,635			6,536
Total property and equipment	25,730			22,482
Less accumulated depreciation and amortization	(13,271		)	(9,568		)
Property and equipment, net	$	12,459		$	12,914

Goodwill and Intangible Assets

The following table presents changes in the carrying amount of goodwill:



	Total
	(in thousands)
Goodwill, July 31, 2013	$	9,048
Changes in carrying value	157
Goodwill, April 30, 2014	$	9,205

Intangible assets consist of the following:



	April 30, 2014			July 31, 2013
Acquired technology:	(in thousands)
Cost	$	7,200		$	7,200
Accumulated amortization	(1,401		)	(321		)
Net	$	5,799		$	6,879

Future Amortization Expense

Estimated aggregate amortization expense for each of the next five fiscal years is as follows:



	Future Amortization
	(in thousands)
Fiscal year ending July 31,
2014 (remainder of fiscal year)	$	360
2015	1,440
2016	1,440
2017	1,440
2018	1,119
Total	$	5,799

Accrued Employee Compensation

Accrued employee compensation consists of the following:



	April 30, 2014		July 31, 2013
	(in thousands)
Accrued bonuses	$	11,257	$	13,072
Accrued commission	1,045		2,043
Accrued vacation	7,880		7,335
Payroll accruals	4,032		3,852
Total	$	24,214	$	26,302

Components of Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss by component during the nine month period ended April 30, 2014 were as follows:



	Foreign Currency Items			Unrealized gain (loss) on available-for-sale securities			Total
	(in thousands)
Balance as of July 31, 2013	$	(1,582	)	$	24		$	(1,558	)
Other comprehensive gain (loss) before reclassification	109			144			253
Amounts reclassified from accumulated other comprehensive gain (loss) to earnings	—			(39		)	(39		)
Tax effect	—			(42		)	(42		)
Balance as of April 30, 2014	$	(1,473	)	$	87		$	(1,386	)

Earnings per Share (Tables)

9 Months Ended

Apr. 30, 2014

Earnings Per Share [Abstract]

Company's basic and diluted earnings per share

The following table sets forth the computation of the Company’s basic and diluted earnings per share for the three and nine months ended April 30, 2014 and 2013:



	Three Months Ended April 30,						Nine Months Ended April 30,
	2014			2013			2014			2013
	(in thousands, except share and per share amounts)
Numerator:
Net income (loss)	$	(1,358	)	$	(2,670	)	$	(12,865	)	$	3,278
Earnings (loss) per share:
Basic	$	(0.02	)	$	(0.05	)	$	(0.20	)	$	0.06
Diluted	$	(0.02	)	$	(0.05	)	$	(0.20	)	$	0.05
Denominator:
Weighted average shares used in computing earnings (loss) per share:
Basic	68,261,964			57,017,856			64,718,852			55,887,786
Weighted average effect of dilutive stock options	—			—			—			3,659,929
Weighted average effect of dilutive restricted stock units	—			—			—			2,184,908
Diluted	68,261,964			57,017,856			64,718,852			61,732,623

Schedule of Antidilutive Securities excluded from EPS



	Three Months Ended April 30,		Nine Months Ended April 30,
	2014	2013	2014	2013
Stock options to purchase common stock	2,543,620	4,411,791	3,038,569	302,144
Restricted stock units	3,911,941	4,391,477	4,322,264	46,971

Stockholders' Equity and Stock-based Compensation (Tables)

9 Months Ended

Apr. 30, 2014

Stockholders' Equity and Stock-based Compensation [Abstract]

Stock-based compensation expense

Stock-based compensation expense related to all stock-based awards is as follows:



	Three Months Ended April 30,				Nine Months Ended April 30,
	2014		2013		2014		2013 ⁽¹⁾
Stock-based compensation expenses:	(in thousands)
Cost of license and other	$	41	$	—	$	245	$	—
Cost of maintenance revenues	309		313		932		914
Cost of services revenues	3,927		3,150		13,869		9,205
Research and development	3,075		2,056		10,147		6,544
Sales and marketing	3,440		676		12,153		4,269
General and administrative	3,121		2,077		10,174		7,498
Total stock-based compensation expenses	$	13,913	$	8,272	$	47,520	$	28,430

Unrecognized compensation cost, adjusted for estimated forfeitures

As of April 30, 2014, total unrecognized compensation cost, adjusted for estimated forfeitures, was as follows:



	As of April 30, 2014
	Unrecognized Expense		Average Expected Recognition Period
	(in thousands)		(in years)
Restricted stock units	$	64,759	1.2
Stock options	4,464		1.1
	$	69,223

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

RSUs

RSU activity under the Company's equity incentive plans is as follows:



	RSUs Outstanding
	Number of RSUs Outstanding		Weighted Average Grant Date Fair Value
Balance as of July 31, 2013	4,027,601		$	19.27
Granted	1,543,578		44.47
Released	(1,491,302	)	18.04
Cancelled	(245,458	)	29.83
Balance as of April 30, 2014	3,834,419		$	29.21

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Stock Options

Stock option activity under the Company's equity incentive plans is as follows:



	Stock Options Outstanding
	Number of Stock Options Outstanding		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value⁽¹⁾
					(in years)	(in thousands)
Balance as of July 31, 2013	3,763,228		$	6.74	5.7	$	139,315
Granted	215,930		47.10
Exercised	(1,383,388	)	5.31
Cancelled	(8,561	)	21.75
Balance as of April 30, 2014	2,587,209		$	10.82	5.7	$	71,667
Vested and expected to vest as of April 30, 2014	2,543,086		$	10.44	5.7	$	71,281
Exercisable as of April 30, 2014	1,972,111		$	5.60	4.9	$	63,699


⁽¹⁾	Aggregate intrinsic value represents the difference between the Company's closing stock price of $37.76 and $43.76 on April 30, 2014 and July 31, 2013, respectively, and the exercise price of outstanding, in-the-money options.

Black-Scholes valuation assumptions

Valuation of Awards

The per share fair value of each stock option was determined on the date of grant using the Black-Scholes option-pricing model and the following weighted average assumptions:



	Three Months Ended April 30,		Nine Months Ended April 30,
	2014	2013	2014	2013
Expected life (in years)	5.3	6.1	5.0 - 6.1	5.1 - 6.1
Risk-free interest rate	1.7%	1.2%	1.5% - 2.0%	0.6% - 1.2%
Expected volatility	42.3%	46.9%	41.3% - 46.2%	45.1% - 48.7%
Expected dividend yield	—%	—%	—%	—%

Common Stock Reserved for Issuance

As of April 30, 2014 and July 31, 2013, the Company had reserved shares of common stock for issuance as follows:



	April 30, 2014	July 31, 2013
Exercise of stock options to purchase common stock	2,587,209	3,763,228
Vesting of restricted stock units	3,834,419	4,027,601
Issuances of shares available under stock plans	11,591,985	9,194,058
Total common stock reserved for issuance	18,013,613	16,984,887

Segment Information (Tables)

9 Months Ended

Apr. 30, 2014

Segment Reporting [Abstract]

Revenues by country

The following table sets forth revenues by country and region based on the billing address of the customer:



	Three Months Ended April 30,				Nine Months Ended April 30,
	2014		2013		2014		2013
	(in thousands)
United States	$	48,640	$	37,751	$	126,573	$	109,961
Canada	9,084		10,620		30,039		31,685
Other Americas	1,391		1,358		6,630		6,573
Total Americas	59,115		49,729		163,242		148,219
United Kingdom	7,662		5,035		28,316		17,114
Other EMEA	9,624		6,894		25,649		19,839
Total EMEA	17,286		11,929		53,965		36,953
Total APAC	5,634		6,592		14,832		18,567
Total revenues	$	82,035	$	68,250	$	232,039	$	203,739

Property and equipment, net by geographic region

The following table sets forth the Company’s long-lived assets, including intangibles and goodwill, net by geographic region:



	April 30, 2014		July 31, 2013
	(in thousands)
North America	$	26,183	$	27,280
Europe	1,038		1,276
Asia Pacific	242		285
Total	$	27,463	$	28,841

The Company and Summary of Significant Accounting Policies and Estimates (Details Textual)		3 Months Ended		9 Months Ended
	Oct. 28, 2013 USD ($) $ / shares shares	Apr. 30, 2014 USD ($) customer	Apr. 30, 2013 USD ($) customer	Apr. 30, 2014 USD ($) customer	Apr. 30, 2013 USD ($) customer	Jul. 31, 2013 customer
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Number of Customers Concentration Of Credit Risk \| customer		0	0	0	0
Percentage of Revenue		10.00%	10.00%	10.00%	10.00%
Number of Customers Concentration of Credit Risk Receivables \| customer		2		2		1
Percentage of accounts receivable		10.00%		10.00%		10.00%
Adjustment for license revenues		$ 0	$ 0	$ 0	$ 3,200,000
Adjustment for service revenues		$ 0	$ 0	0	1,700,000
Proceeds from issuance of common stock in connection with public offering, net of underwriting discounts and commissions				$ 389,949,000	$ 0
Restricted Stock Units (RSUs)
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Period of RSUs time based Vesting				4 years
Stock Options
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Period of expiration for share based payment awards				10 years
Minimum
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Range of General Payment Terms				30 days
Minimum \| Licensing Agreements
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Period of standard license agreement term				3 years
Maximum
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Range of General Payment Terms				90 days
Maximum \| Licensing Agreements
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Period of standard license agreement term				7 years
Follow-on Public Offerings
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Stock Issued During Period Secondary Offering Shares \| shares	8,306,291
Price of Common Stock Under Public Offerings \| $ / shares	$ 48.75
Proceeds from issuance of common stock in connection with public offering, net of underwriting discounts and commissions	$ 389,900,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	$ 400,000

Fair Value of Financial Instruments Fair Value of Financial Instruments (Details 1) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jul. 31, 2013	Apr. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 183,764	$ 571,607
Unrealized Gains	59	201
Unrealized Losses	(35)	(72)
Total assets	183,788	571,736
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	37,087	86,042
Unrealized Gains	21	50
Unrealized Losses	(4)	(9)
Total assets	37,104	86,083
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	4,522	5,173
Unrealized Gains	0	0
Unrealized Losses	(1)	0
Total assets	4,521	5,173
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	35,777	166,318
Unrealized Gains	11	17
Unrealized Losses	(1)	(1)
Total assets	35,787	166,334
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	63,281	237,430
Unrealized Gains	23	118
Unrealized Losses	(14)	(41)
Total assets	63,290	237,507
U.S. government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost		4,996
Unrealized Gains		2
Unrealized Losses		0
Total assets		4,998
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	776	2,770
Unrealized Gains	0	0
Unrealized Losses	(1)	(17)
Total assets	775	2,753
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	33,216	51,837
Unrealized Gains	0	0
Unrealized Losses	0	0
Total assets	33,216	51,837
Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost		2,700
Unrealized Gains		0
Unrealized Losses		(2)
Total assets		2,698
Municipal debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	9,105	14,341
Unrealized Gains	4	14
Unrealized Losses	(14)	(2)
Total assets	$ 9,095	$ 14,353

Fair Value of Financial Instruments (Details 2) $ in Thousands	9 Months Ended
	Apr. 30, 2014 USD ($) investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions \| investment	45
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Alternative [Abstract]
Less than Twelve Months, Fair Value	$ 125,788
Less than 12 Months, Aggregate Losses	(72)
Twelve Months or Longer, Fair Value	0
12 Months or Longer, Aggregate Losses	0
Fair Value	125,788
Aggregate Losses	(72)
Commercial paper
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Alternative [Abstract]
Less than Twelve Months, Fair Value	11,098
Less than 12 Months, Aggregate Losses	(1)
Twelve Months or Longer, Fair Value	0
12 Months or Longer, Aggregate Losses	0
Fair Value	11,098
Aggregate Losses	(1)
Asset-backed securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Alternative [Abstract]
Less than Twelve Months, Fair Value	999
Less than 12 Months, Aggregate Losses	0
Twelve Months or Longer, Fair Value	0
12 Months or Longer, Aggregate Losses	0
Fair Value	999
Aggregate Losses	0
U.S. agency securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Alternative [Abstract]
Less than Twelve Months, Fair Value	27,995
Less than 12 Months, Aggregate Losses	(9)
Twelve Months or Longer, Fair Value	0
12 Months or Longer, Aggregate Losses	0
Fair Value	27,995
Aggregate Losses	(9)
Corporate bonds
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Alternative [Abstract]
Less than Twelve Months, Fair Value	74,350
Less than 12 Months, Aggregate Losses	(41)
Twelve Months or Longer, Fair Value	0
12 Months or Longer, Aggregate Losses	0
Fair Value	74,350
Aggregate Losses	(41)
Foreign government bonds
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Alternative [Abstract]
Less than Twelve Months, Fair Value	2,753
Less than 12 Months, Aggregate Losses	(17)
Twelve Months or Longer, Fair Value	0
12 Months or Longer, Aggregate Losses	0
Fair Value	2,753
Aggregate Losses	(17)
Certificate of deposit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Alternative [Abstract]
Less than Twelve Months, Fair Value	2,698
Less than 12 Months, Aggregate Losses	(2)
Twelve Months or Longer, Fair Value	0
12 Months or Longer, Aggregate Losses	0
Fair Value	2,698
Aggregate Losses	(2)
Municipal debt securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Alternative [Abstract]
Less than Twelve Months, Fair Value	5,895
Less than 12 Months, Aggregate Losses	(2)
Twelve Months or Longer, Fair Value	0
12 Months or Longer, Aggregate Losses	0
Fair Value	5,895
Aggregate Losses	$ (2)

Fair Value of Financial Instruments Fair Value of Financial Instruments (Details 3) - USD ($) $ in Thousands	Apr. 30, 2014	Jul. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	$ 401,956
2016	169,780
Estimated Fair Value	571,736	$ 183,788
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	27,105
2016	58,978
Estimated Fair Value	86,083	37,104
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	4,601
2016	572
Estimated Fair Value	5,173	4,521
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	166,334
2016	0
Estimated Fair Value	166,334	35,787
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	134,731
2016	102,776
Estimated Fair Value	237,507	63,290
U.S. government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	4,998
2016	0
Estimated Fair Value	4,998
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	0
2016	2,753
Estimated Fair Value	2,753	775
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	51,837
2016	0
Estimated Fair Value	51,837	33,216
Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	0
2016	2,698
Estimated Fair Value	2,698
Municipal debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
2015	12,350
2016	2,003
Estimated Fair Value	$ 14,353	$ 9,095

Fair Value of Financial Instruments (Details 4) - USD ($) $ in Thousands	Apr. 30, 2014	Jul. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 571,736	$ 183,788
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	51,837	33,216
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	519,899	150,572
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
U.S. government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	4,998
Total assets	4,998
U.S. government bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0
U.S. government bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	4,998
U.S. government bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	27,105	9,097
Long-term investments:	58,978	28,007
Total assets	86,083	37,104
U.S. agency securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
U.S. agency securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	27,105	9,097
Long-term investments:	58,978	28,007
U.S. agency securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	4,601	2,421
Long-term investments:	572	2,100
Total assets	5,173	4,521
Asset-backed securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Asset-backed securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	4,601	2,421
Long-term investments:	572	2,100
Asset-backed securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		20,597
Short-term investments:	87,248	15,190
Total assets	166,334	35,787
Commercial paper \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		0
Short-term investments:	0	0
Commercial paper \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		20,597
Short-term investments:	87,248	15,190
Commercial paper \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		0
Short-term investments:	0	0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		2,003
Short-term investments:	134,731	47,572
Long-term investments:	102,776	13,715
Total assets	237,507	63,290
Corporate bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		0
Short-term investments:	0	0
Long-term investments:	0	0
Corporate bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		2,003
Short-term investments:	134,731	47,572
Long-term investments:	102,776	13,715
Corporate bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		0
Short-term investments:	0	0
Long-term investments:	0	0
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:		775
Long-term investments:	2,753
Total assets	2,753	775
Foreign government bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:		0
Long-term investments:	0
Foreign government bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:		775
Long-term investments:	2,753
Foreign government bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:		0
Long-term investments:	0
Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments:	2,698
Total assets	2,698
Certificate of deposit \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments:	0
Certificate of deposit \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments:	2,698
Certificate of deposit \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments:	0
Municipal debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	12,350	1,877
Long-term investments:	2,003	7,218
Total assets	14,353	9,095
Municipal debt securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Municipal debt securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	12,350	1,877
Long-term investments:	2,003	7,218
Municipal debt securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		33,216
Total assets	51,837	33,216
Money market funds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		33,216
Money market funds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		0
Money market funds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:		$ 0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	79,086
Commercial paper \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0
Commercial paper \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	79,086
Commercial paper \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	51,837
Money market funds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	51,837
Money market funds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0
Money market funds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 0

Balance Sheet Components (Details 1) - USD ($) $ in Thousands	Apr. 30, 2014	Jul. 31, 2013
Balance Sheet Related Disclosures [Abstract]
Computer hardware	$ 10,972	$ 8,820
Software	5,447	4,460
Furniture and fixtures	2,676	2,666
Leasehold improvements	6,635	6,536
Total property and equipment	25,730	22,482
Less accumulated depreciation and amortization	(13,271)	(9,568)
Property, Plant and Equipment, Net	$ 12,459	$ 12,914

Balance Sheet Components (Details 2) $ in Thousands	9 Months Ended
Balance Sheet Components (Details 2) $ in Thousands	Apr. 30, 2014 USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 9,048
Changes in carrying value	157
Balance at end of period	$ 9,205

Balance Sheet Components (Details 3) - USD ($) $ in Thousands	Apr. 30, 2014	Jul. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Net	$ 5,799
Acquired Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	7,200	$ 7,200
Accumulated amortization	(1,401)	(321)
Net	$ 5,799	$ 6,879

Balance Sheet Components (Details 4) $ in Thousands	Apr. 30, 2014 USD ($)
Balance Sheet Related Disclosures [Abstract]
2014 (remainder of fiscal year)	$ 360
2015	1,440
2016	1,440
2017	1,440
2018	1,119
Total	$ 5,799

Balance Sheet Components (Details 5) - USD ($) $ in Thousands	Apr. 30, 2014	Jul. 31, 2013
Balance Sheet Related Disclosures [Abstract]
Accrued bonuses	$ 11,257	$ 13,072
Accrued commission	1,045	2,043
Accrued vacation	7,880	7,335
Payroll accruals	4,032	3,852
Total	$ 24,214	$ 26,302

Balance Sheet Components (Details 6) $ in Thousands	9 Months Ended
Balance Sheet Components (Details 6) $ in Thousands	Apr. 30, 2014 USD ($)
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ (1,558)
Other comprehensive gain (loss) before reclassification	253
Amounts reclassified from accumulated other comprehensive gain (loss) to earnings	(39)
Tax effect	(42)
Balance at end of period	(1,386)
Accumulated Translation Adjustment [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(1,582)
Other comprehensive gain (loss) before reclassification	109
Amounts reclassified from accumulated other comprehensive gain (loss) to earnings	0
Tax effect	0
Balance at end of period	(1,473)
Available-for-sale Securities [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	24
Other comprehensive gain (loss) before reclassification	144
Amounts reclassified from accumulated other comprehensive gain (loss) to earnings	(39)
Tax effect	(42)
Balance at end of period	$ 87

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Balance Sheet Components (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
Balance Sheet Components (Details Textual) - USD ($)	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013	Jul. 31, 2013
Balance Sheet Related Disclosures [Abstract]
Property and equipment pledged as collateral	$ 0		$ 0		$ 0
Amortization expense	$ 360,000	$ 0	$ 1,080,000	$ 0

Earnings per Share (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Numerator:
Net income (loss)	$ (1,358)	$ (2,670)	$ (12,865)	$ 3,278
Earnings (loss) per share:
Basic	$ (0.02)	$ (0.05)	$ (0.20)	$ 0.06
Diluted	$ (0.02)	$ (0.05)	$ (0.20)	$ 0.05
Weighted average shares used in computing earnings (loss) per share:
Basic	68,261,964	57,017,856	64,718,852	55,887,786
Weighted average effect of dilutive stock options	0	0	0	3,659,929
Weighted average effect of dilutive restricted stock units	0	0	0	2,184,908
Diluted	68,261,964	57,017,856	64,718,852	61,732,623

Earnings per Share (Details 2) - shares	3 Months Ended		9 Months Ended
Earnings per Share (Details 2) - shares	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Stock options to purchase common stock
Net Income (Loss) Per Share (Textual) [Abstract]
Schedule of antidilutive securities excluded from EPS	2,543,620	4,411,791	3,038,569	302,144
Restricted stock units
Net Income (Loss) Per Share (Textual) [Abstract]
Schedule of antidilutive securities excluded from EPS	3,911,941	4,391,477	4,322,264	46,971

Commitments and Contingencies (Details Textual) zł in Millions, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2011 USD ($)	Apr. 30, 2014 USD ($)	Apr. 30, 2013 USD ($)	Apr. 30, 2014 USD ($)	Apr. 30, 2013 USD ($)	Apr. 30, 2014 PLN (zł) ft²	Apr. 30, 2014 USD ($) ft²
Line of Credit Facility [Line Items]
Duration of lease for a facility to serve as its corporate headquarters				7 years
Rentable area of current corporate headquarters \| ft²						97,674	97,674
Line of Credit Facility, Maximum Borrowing Capacity						zł 10.0	$ 3.3
Lease expense for all worldwide facilities and equipment		$ 1.5	$ 1.4	$ 4.4	$ 3.8
Payment in connection with settlement	$ 10.0
Additional Payment in Case of Successful Appeal		$ 20.0
Line of Credit Associated With Operating Lease
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 1.2

Stockholders' Equity and Stock-based Compensation (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Incremental Cost Of Modification of Award				$ 1,000
Total stock-based compensation expenses	$ 13,913	$ 8,272	$ 47,520	28,430
Unrecognized Expense	69,223		69,223
Cost of license and other
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expenses	41	0	245	0
Cost of maintenance revenues
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expenses	309	313	932	914
Cost of services revenues
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expenses	3,927	3,150	13,869	9,205
Research and development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expenses	3,075	2,056	10,147	6,544
Sales and marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expenses	3,440	676	12,153	4,269
General and administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expenses	3,121	$ 2,077	10,174	$ 7,498
Restricted Stock Units (RSUs)
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Unrecognized Expense	64,759		$ 64,759
Average Expected Recognition Period			1 year 2 months 9 days
Stock Options
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Unrecognized Expense	$ 4,464		$ 4,464
Average Expected Recognition Period			1 year 1 month 9 days

Stockholders' Equity and Stock-based Compensation (Details 2) - USD ($)
$ / shares in Units, $ in Thousands

9 Months Ended

12 Months Ended

Apr. 30, 2014

Jul. 31, 2013

Apr. 30, 2014

Number of Stock Options Outstanding

Balance at beginning of period

3,763,228

Granted

215,930

Exercised

(1,383,388)

Cancelled

(8,561)

Balance at end of period

2,587,209

3,763,228

Exercisable as of April 30, 2014

1,972,111

Weighted Average Exercise Price

Balance at beginning of period

$ 6.74

Granted

47.10

Exercised

5.31

Cancelled

21.75

Balance at end of period

$ 10.82

$ 6.74

Exercisable as of April 30, 2014

$ 5.60

Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]

SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2

5 years 8 months 8 days

5 years 8 months 12 days

Vested and expected to vest as of April 30, 2014

5 years 8 months 5 days

Exercisable as of April 30, 2014

4 years 11 months 5 days

Share-based Compensation Arrangement by Share-based Payment Award, Aggregate Intrinsic Value [Abstract]

Balance at beginning of period

^[1]

$ 139,315

Balance at end of period

^[1]

$ 71,667

$ 139,315

Vested and expected to vest as of April 30, 2014

^[1]

$ 71,281

Exercisable as of April 30, 2014

^[1]

$ 63,699

Share Price

$ 43.76

$ 37.76

Restricted Stock Units (RSUs)

Number of RSUs Outstanding

Balance at beginning of period

4,027,601

Granted

1,543,578

Released

(1,491,302)

Cancelled

(245,458)

Balance at end of period

3,834,419

4,027,601

Weighted Average Grant Date Fair Value

Balance at beginning of period

$ 19.27

Granted

44.47

Released

18.04

Cancelled

29.83

Balance at end of period

$ 19.27

$ 29.21

[1]	Aggregate intrinsic value represents the difference between the Company's closing stock price of $37.76 and $43.76 on April 30, 2014 and July 31, 2013, respectively, and the exercise price of outstanding, in-the-money options.

Stockholders' Equity and Stock-based Compensation (Details 3)	3 Months Ended		9 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Summary of assumptions for fair value of employee stock option estimates
Expected dividend yield	0.00%	0.00%	0.00%	0.00%
Minimum
Summary of assumptions for fair value of employee stock option estimates
Expected life (in years)	5 years 3 months	6 years 1 month 6 days	5 years	5 years 1 month 6 days
Risk-free interest rate, minimum	1.70%	1.20%	1.50%	0.60%
Expected volatility, minimum	42.30%	46.90%	41.30%	45.10%
Maximum
Summary of assumptions for fair value of employee stock option estimates
Expected life (in years)	5 years 3 months	6 years 1 month 6 days	6 years 1 month 6 days	6 years 1 month 6 days
Risk-free interest rate, maximum	1.70%	1.20%	2.00%	1.20%
Expected volatility, maximum	42.30%	46.90%	46.20%	48.70%

Stockholders' Equity and Stock-based Compensation (Details 4) - shares	Apr. 30, 2014	Jul. 31, 2013
Common Stock Reserved for Issuance
Exercise of stock options to purchase common stock	2,587,209	3,763,228
Issuances of shares available under stock plans	11,591,985	9,194,058
Total common stock reserved for issuance	18,013,613	16,984,887
Restricted Stock Units (RSUs)
Common Stock Reserved for Issuance
Vesting of restricted stock units	3,834,419	4,027,601

Stockholders' Equity and Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013	Jul. 31, 2013
Class of Stock [Line Items]
Total intrinsic value of options exercised	$ 9.9	$ 23.3	$ 58.8	$ 76.4
Stockholders Equity and Stock Based Compensation (Additional Textual) [Abstract]
Common stock, shares authorized	500,000,000		500,000,000		500,000,000
Common stock, par value	$ 0.0001		$ 0.0001		$ 0.0001
Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Fair Value of RSU's released	$ 28.0	$ 14.9	$ 71.6	$ 40.4

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Thousands	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Income Tax Disclosure [Abstract]
Benefit from income taxes	$ (1,435)	$ (1,823)	$ (9,670)	$ (2,366)
Effective Income Tax Rate, Continuing Operations	51.40%		42.90%
Percentage of Statutory federal income tax rate	35.00%
Undistributed Earnings of Foreign Subsidiaries	$ 14,800		$ 14,800
Undistributed earnings from certain foreign subsidiaries	1,500		1,500
Unrecognized Tax Benefits, Period Increase (Decrease)			1,400
Unrecognized tax benefits	$ 4,100		$ 4,100

Segment Information (Details 1) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details 1) $ in Thousands	Apr. 30, 2014 USD ($) country	Apr. 30, 2013 USD ($) country	Apr. 30, 2014 USD ($) country	Apr. 30, 2013 USD ($) country
Revenues :
Total revenues	$ 82,035	$ 68,250	$ 232,039	$ 203,739
Entity-wide revenue attributable to other country \| country	0	0	0	0
EntityWideRevenueMajorCountryPercentage	10.00%	10.00%	10.00%	10.00%
United States
Revenues :
Total revenues	$ 48,640	$ 37,751	$ 126,573	$ 109,961
Canada
Revenues :
Total revenues	9,084	10,620	30,039	31,685
United Kingdom
Revenues :
Total revenues	7,662	5,035	28,316	17,114
Other EMEA
Revenues :
Total revenues	9,624	6,894	25,649	19,839
Other
Revenues :
Total revenues	1,391	1,358	6,630	6,573
Americas
Revenues :
Total revenues	59,115	49,729	163,242	148,219
EMEA
Revenues :
Total revenues	17,286	11,929	53,965	36,953
APAC
Revenues :
Total revenues	$ 5,634	$ 6,592	$ 14,832	$ 18,567

Segment Information (Details 2) - USD ($) $ in Thousands	Apr. 30, 2014	Jul. 31, 2013
Long-lived asset, including intangibles and goodwill
Total	$ 27,463	$ 28,841
North America
Long-lived asset, including intangibles and goodwill
Total	26,183	27,280
Europe
Long-lived asset, including intangibles and goodwill
Total	1,038	1,276
Asia Pacific
Long-lived asset, including intangibles and goodwill
Total	$ 242	$ 285

Label	Element	Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	2,543,086
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	$ 10.44