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M. SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of option activity

The following is a summary of option activity (shares and intrinsic values in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

Average

 

 

 

 

 

 

 

Average

 

Share Price

 

Weighted

 

Remaining

 

Aggregate

 

 

Number of

 

Exercise

 

 on Date of

 

Average

 

Contractual

 

Intrinsic

 

    

shares

    

Price

    

Exercise

    

Fair Value

    

Life

    

Value

Outstanding, January 1, 2015

 

1,423

 

$

8.96

 

 

 

 

 

4.48

 

 

 

$

3,486

Exercised

 

(81)

 

 

7.09

 

$

16.53

 

 

2.62

 

 

 

 

762

Forfeited

 

(32)

 

 

8.96

 

 

 

 

 

4.43

 

 

 

 

212

Outstanding, December 31, 2015

 

1,310

 

 

9.07

 

 

 

 

 

4.59

 

 

 

 

10,598

Exercised

 

(159)

 

 

6.91

 

$

19.90

 

 

2.56

 

 

 

 

2,071

Forfeited

 

(21)

 

 

7.96

 

 

 

 

 

3.29

 

 

 

 

273

Outstanding, December 31, 2016

 

1,130

 

 

9.40

 

 

 

 

 

4.90

 

 

 

 

15,872

Exercised

 

(418)

 

 

8.56

 

$

59.31

 

 

4.51

 

 

 

 

21,224

Forfeited

 

(176)

 

 

9.42

 

 

 

 

 

4.97

 

 

 

 

4,998

Outstanding, December 31, 2017

 

536

 

$

10.04

 

 

 

 

$

5.19

 

5.62

 

$

14,888

Exercisable, December 31, 2017

 

525

 

$

9.96

 

 

 

 

 

 

 

5.61

 

$

12,499

Vested and expected to vest

 

536

 

$

10.04

 

 

 

 

 

 

 

5.62

 

$

14,888

 

Summary of RSU/RSA activity

The following is a summary of RSU/RSA activity (shares and intrinsic values in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average Share

 

Weighted

 

Aggregate

 

 

Number of

 

 Price on Date

 

Average Fair

 

Intrinsic

 

    

shares

    

 of Release

    

Value

    

Value

Outstanding at January 1, 2015

 

21

 

 

 

 

 

18.22

 

 

238

Granted

 

156

 

$

13.62

 

 

11.06

 

 

1,722

Released

 

(19)

 

 

 

 

 

18.24

 

 

257

Cancelled/Forfeited

 

(6)

 

 

 

 

 

10.00

 

 

99

Outstanding, December 31, 2015

 

152

 

 

 

 

 

11.20

 

 

2,611

Granted

 

497

 

$

13.50

 

 

15.73

 

 

7,815

Released

 

(122)

 

 

 

 

 

14.09

 

 

1,644

Cancelled/Forfeited

 

(10)

 

 

 

 

 

15.38

 

 

180

Outstanding, December 31, 2016

 

517

 

 

 

 

 

14.79

 

 

12,128

Granted

 

510

 

 

 

 

 

38.87

 

 

19,803

Released

 

(289)

 

$

60.87

 

 

20.92

 

 

17,579

Cancelled/Forfeited

 

(31)

 

 

 

 

 

24.23

 

 

1,181

Outstanding, December 31, 2017

 

707

 

 

 

 

$

29.23

 

$

26,732

Exercisable, December 31, 2017

 

 4

 

 

 

 

 

 

 

$

140

Vested and expected to vest

 

703

 

 

 

 

 

 

 

$

26,592

 

Schedule of employee stock-based compensation expenses

Employee share-based compensation expenses recognized for the years ended December 31, were as follows (in thousands):

 

Share-Based compensation - by expense type:

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

    

2016

    

2015

 

Cost of goods sold

 

$

461

 

$

190

 

$

70

 

Research and development

 

 

1,496

  

 

591

  

 

230

 

Sales and marketing

 

 

481

  

 

357

  

 

217

 

General and administrative

 

 

5,357

  

 

2,695

  

 

1,603

 

Total share-based compensation expense

 

$

7,795

 

$

3,833

 

$

2,120

 

 

Share-Based compensation - by award type:

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

 

 

2017

    

2016

    

2015

 

Employee stock options

 

$

853

 

$

1,460

 

$

1,538

 

Restricted stock units

 

 

6,942

 

 

2,373

 

 

582

 

Total share-based compensation expense

 

$

7,795

 

$

3,833

 

$

2,120