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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 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 September 30, 2018 and changes during the period then ended is presented below: 

 

 

 

Nine months ended September 30, 2018

 

 

 

Unaudited

 

 

 

Number

of options

 

 

Weighted

average

exercise

price

 

Outstanding at beginning of year

 

 

14,806,027

 

 

$

10.64

 

Granted

 

 

2,424,058

 

 

 

23.40

 

Exercised

 

 

(2,486,026

)

 

 

6.77

 

Forfeited and cancelled

 

 

(178,093

)

 

 

14.68

 

Outstanding as of September 30, 2018

 

 

14,565,966

 

 

$

13.37

 

 

 

 

 

 

 

 

 

 

Exercisable options

 

 

5,885,994

 

 

$

10.42

 

 

 

 

 

 

 

 

 

 

 

Schedule of RSU's

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

 

 

 

Nine months ended September 30, 2018

 

 

 

Unaudited

 

 

 

Number

of RSUs

 

 

Weighted

average

grant date fair value

price

 

Unvested at beginning of year

 

 

1,651,219

 

 

$

9.66

 

Granted

 

 

521,305

 

 

 

23.08

 

Vested

 

 

(550,418

)

 

 

9.66

 

Forfeited and cancelled

 

 

(15,220

)

 

 

15.28

 

Unvested as of September 30, 2018

 

 

1,606,886

 

 

$

13.96

 

 

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: 

 

 

 

Nine months ended September 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%

 

1.97%-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

 

45%-53%

 

76%-82%

 

76%-82%

Risk-free interest rate

 

1.61%-2.14%

 

0.62%-1.13%

 

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 nine months ended September 30, 2018 and 2017 and the year ended December 31, 2017 was:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

Year ended

December 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2017

 

 

 

Unaudited

 

 

Unaudited

 

 

Audited

 

Cost of revenues

 

$

464

 

 

$

79

 

 

$

891

 

 

$

353

 

 

$

467

 

Research, development and clinical trials

 

 

1,223

 

 

 

972

 

 

 

3,415

 

 

 

2,645

 

 

 

3,587

 

Sales and marketing

 

 

1,979

 

 

 

1,874

 

 

 

5,309

 

 

 

4,264

 

 

 

3,784

 

General and administrative

 

 

6,813

 

 

 

5,704

 

 

 

19,590

 

 

 

13,498

 

 

 

19,278

 

Total share-based compensation expense

 

$

10,479

 

 

$

8,629

 

 

$

29,205

 

 

$

20,760

 

 

$

27,116