XML 35 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Share Capital (Tables)
3 Months Ended
Mar. 31, 2019
Share Based Compensation Allocation And Classification In Financial Statements [Abstract]  
Schedule of Stock Option Plans

A summary of the status of the Company’s option plans as of March 31, 2019 and changes during the period then ended is presented below: 

 

 

 

Three months ended March 31, 2019

 

 

 

Unaudited

 

 

 

Number

of options

 

 

Weighted

average

exercise

price

 

Outstanding at beginning of year

 

 

14,438,215

 

 

$

13.56

 

Granted

 

 

751,471

 

 

 

47.04

 

Exercised

 

 

(2,047,421

)

 

 

8.38

 

Forfeited and cancelled

 

 

(40,258

)

 

 

14.47

 

Outstanding as of March 31, 2019

 

 

13,102,007

 

 

$

16.29

 

 

 

 

 

 

 

 

 

 

Exercisable options

 

 

5,852,344

 

 

$

12.79

 

 

 

 

 

 

 

 

 

 

Schedule of RSU's

A summary of the status of the Company’s RSUs as of March 31, 2019 and changes during the period then ended is presented below: 

 

 

 

Three months ended March 31, 2019

 

 

 

Unaudited

 

 

 

Number

of RSUs

 

 

Weighted

average

grant date fair value

price

 

Unvested at beginning of year

 

 

1,613,197

 

 

$

14.04

 

Granted

 

 

486,506

 

 

 

47.04

 

Vested

 

 

(391,191

)

 

 

12.09

 

Forfeited and cancelled

 

 

(3,837

)

 

 

21.15

 

Unvested as of March 31, 2019

 

 

1,704,675

 

 

$

23.89

 

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: 

 

 

 

Three months ended March 31,

 

Year ended

December 31,

 

 

2019

 

2018

 

2018

 

 

Unaudited

 

Audited

Stock Option Plans

 

 

 

 

 

 

Expected term (years)

 

6.23

 

6.25

 

5.50-6.25

Expected volatility

 

55%

 

55%

 

52%-55%

Risk-free interest rate

 

2.40%

 

2.77%

 

2.70%-2.99%

Dividend yield

 

0.00%

 

0.00%

 

0.00%

ESPP

 

 

 

 

 

 

Expected term (years)

 

0.50

 

0.50

 

0.50

Expected volatility

 

62%

 

53%

 

45%-53%

Risk-free interest rate

 

2.51%

 

1.61%

 

1.61%-2.14%

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 months ended March 31, 2019 and 2018 and the year ended December 31, 2018 was:

 

 

 

Three months ended March 31,

 

 

Year ended

December 31,

 

 

 

2019

 

 

2018

 

 

2018

 

 

 

Unaudited

 

 

Audited

 

Cost of revenues

 

$

426

 

 

$

164

 

 

$

1,261

 

Research, development and clinical trials

 

 

1,188

 

 

 

906

 

 

 

4,709

 

Sales and marketing

 

 

1,962

 

 

 

1,436

 

 

 

7,393

 

General and administrative

 

 

6,073

 

 

 

6,014

 

 

 

26,483

 

Total share-based compensation expense

 

$

9,649

 

 

$

8,520

 

 

$

39,846