XML 31 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2018
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 June 30, 2018 and changes during the period then ended is presented below: 

 

 

 

Six months ended June 30, 2018

 

 

 

Unaudited

 

 

 

Number

of options

 

 

Weighted

average

exercise

price

 

Outstanding at beginning of year

 

 

14,806,027

 

 

$

10.64

 

Granted

 

 

2,199,389

 

 

 

22.31

 

Exercised

 

 

(2,253,654

)

 

 

6.54

 

Forfeited and cancelled

 

 

(127,262

)

 

 

14.59

 

Outstanding as of June 30, 2018

 

 

14,624,500

 

 

$

12.99

 

 

 

 

 

 

 

 

 

 

Exercisable options

 

 

5,955,869

 

 

$

10.20

 

 

 

 

 

 

 

 

 

 

 

Schedule of RSU's

A summary of the status of the Company’s RSUs as of June 30, 2018 and changes during the period then ended is presented below: 

 

 

 

Six months ended June 30, 2018

 

 

 

Unaudited

 

 

 

Number

of RSUs

 

 

Weighted

average

grant date fair value

price

 

Unvested at beginning of year

 

 

1,651,219

 

 

$

9.66

 

Granted

 

 

482,232

 

 

 

22.20

 

Vested

 

 

(550,418

)

 

 

9.66

 

Forfeited and cancelled

 

 

(10,760

)

 

 

12.13

 

Unvested as of June 30, 2018

 

 

1,572,273

 

 

$

13.49

 

 

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

The fair value of share-based awards was estimated using the Black-Scholes model for all equity grants. For market condition awards, the Company also applied the Monte-Carlo simulation model, with the following underlying assumptions: 

 

 

 

Six months ended June 30,

 

Year ended

December 31,

 

 

2018

 

2017

 

2017

 

 

Unaudited

 

Audited

Stock Option Plans

 

 

 

 

 

 

Expected term (years)

 

5.50-6.25

 

5.50-6.25

 

5.50-6.25

Expected volatility

 

52%-55%

 

57%-59%

 

57%-59%

Risk-free interest rate

 

2.70%-2.89%

 

1.99%-2.23%

 

1.97%-2.23%

Dividend yield

 

0.00%

 

0.00%

 

0.00%

ESPP

 

 

 

 

 

 

Expected term (years)

 

0.50

 

0.50

 

0.50

Expected volatility

 

53%

 

82%

 

76%-82%

Risk-free interest rate

 

1.61%

 

0.62%

 

0.62%-1.13%

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 six months ended June 30, 2018 and 2017 and the year ended December 31, 2017 was:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

Year ended

December 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2017

 

 

 

Unaudited

 

 

Unaudited

 

 

Audited

 

Cost of revenues

 

$

263

 

 

$

131

 

 

$

428

 

 

$

274

 

 

$

467

 

Research, development and clinical trials

 

 

1,286

 

 

 

811

 

 

 

2,192

 

 

 

1,673

 

 

 

3,587

 

Sales and marketing

 

 

1,893

 

 

 

1,735

 

 

 

3,329

 

 

 

2,390

 

 

 

3,784

 

General and administrative

 

 

6,764

 

 

 

4,893

 

 

 

12,777

 

 

 

7,794

 

 

 

19,278

 

Total share-based compensation expense

 

$

10,206

 

 

$

7,570

 

 

$

18,726

 

 

$

12,131

 

 

$

27,116