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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Option Plans

A summary of the status of the Company’s option plans as of September 30, 2017 and changes during the period then ended is presented below: 

 

 

 

Nine months ended September 30, 2017

 

 

 

Unaudited

 

 

 

Number

of options

 

 

Weighted

average

exercise

price

 

Outstanding at beginning of year

 

 

11,377,354

 

 

$

9.76

 

Granted

 

 

5,117,088

 

 

 

9.96

 

Exercised

 

 

(1,370,810

)

 

 

2.31

 

Forfeited and cancelled

 

 

(310,693

)

 

 

12.39

 

Outstanding as of September 30, 2017

 

 

14,812,939

 

 

 

10.46

 

 

 

 

 

 

 

 

 

 

Exercisable options

 

 

6,119,710

 

 

 

8.17

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

 

14,812,939

 

 

$

10.46

 

 

Schedule of RSU's

A summary of the status of the Company’s RSUs as of September 30, 2017 and changes during the period then ended is presented below: 

 

 

 

Nine months ended September 30, 2017

 

 

 

Unaudited

 

 

 

Number

of RSUs

 

 

Weighted

average

grant date fair value

price

 

Unvested at beginning of year

 

 

-

 

 

$

-

 

Granted

 

 

1,661,619

 

 

 

9.64

 

Vested

 

 

-

 

 

 

-

 

Forfeited and cancelled

 

 

(10,400

)

 

 

7.15

 

Unvested as of September 30, 2017

 

 

1,651,219

 

 

$

9.66

 

 

Schedule of Fair Value Assumptions Used Only for Equity Based Awards Estimated Using Black-Scholes Option Pricing Model

The fair value of all equity-based awards was estimated using the Black-Scholes option-pricing model with the following underlying assumptions, excluding market condition awards for which fair value was estimated using the Monte Carlo option-pricing model: 

 

 

 

Nine months ended September 30,

 

 

Year ended

December 31,

 

 

2017

 

2016

 

 

2016

 

 

Unaudited

 

 

Audited

Stock Option Plans

 

 

 

 

 

 

 

 

Expected term (years)

 

5.5-6.25

 

6.25

 

 

6.25

Expected volatility

 

56.74%-59.45%

 

59.80%-61.65%

 

 

58.40%-61.70%

Risk-free interest rate

 

1.97%-2.23%

 

1.23%-1.88%

 

 

1.23%-1.88%

Dividend yield

 

0.00%

 

0.00%

 

 

0.00%

ESPP

 

 

 

 

 

 

 

 

Expected term (years)

 

0.50

 

 

0.42

 

 

0.42

Expected volatility

 

76.37%-82.00%

 

70.45%

 

 

70.45%

Risk-free interest rate

 

0.62%-1.13%

 

0.40%

 

 

0.40%

Dividend yield

 

0.00%

 

0.00%

 

 

0.00%

 

Schedule of Non-cash Share-based Compensation Expense Related to Company's Equity-Based Awards

The total non-cash share-based compensation expense related to all of the Company’s equity-based awards recognized for the three and nine months ended September 30, 2017 and 2016 and the year ended December 31, 2016 was:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

Year ended

December 31,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

2016

 

 

 

Unaudited

 

 

Unaudited

 

 

Audited

 

Cost of revenues

 

$

79

 

 

$

160

 

 

$

353

 

 

$

471

 

 

$

623

 

Research, development and clinical trials

 

 

972

 

 

 

776

 

 

 

2,645

 

 

 

2,378

 

 

 

3,155

 

Sales and marketing

 

 

1,874

 

 

 

1,249

 

 

 

4,264

 

 

 

3,888

 

 

 

5,111

 

General and administrative

 

 

5,704

 

 

 

3,441

 

 

 

13,498

 

 

 

9,982

 

 

 

12,552

 

Total share-based compensation expense

 

$

8,629

 

 

$

5,626

 

 

$

20,760

 

 

$

16,719

 

 

$

21,441