EFTA Document EFTA01377690

S-1/A December 31, 2014. primarily due to the addition of personnel in our engineering, product, and design teams. For the year ended December 31, 2014. product development expenses included $24.8 million in share-based compensation expense, a $15.9 million increase compared to the year ended December 31, 2013. In 2014. we also incurred an incremental $6.7 million in depreciation expense primarily related to data center equipment and intemally developed software. Product development expense