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SHARE INCENTIVE PLANS: (Tables)
6 Months Ended
Jun. 30, 2015
SHARE INCENTIVE PLANS:  
Summary of share option awards activity under equity incentive plans

 

 

 

 

Options Outstanding

 

 

 

Number
of
Shares

 

Weighted
Average
Exercise
Price

 

Outstanding at December 31, 2014

 

2,467,523

 

$

29.55

 

Options exercised

 

(256,675

)

15.15

 

Options cancelled

 

(32,981

)

74.52

 

 

 

 

 

 

 

Outstanding at June 30, 2015

 

2,177,867

 

$

30.56

 

 

 

 

 

 

 

 

 

Summary of restricted share units activity

 

 

 

 

Restricted Share Units Outstanding

 

 

 

Number
of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Non vested restricted share units at December 31, 2014

 

1,911,166

 

$

41.61

 

Restricted share units granted

 

1,072,355

 

46.15

 

Restricted share units vested

 

(485,806

)

46.35

 

Restricted share units canceled

 

(62,322

)

42.12

 

 

 

 

 

 

 

Non vested restricted share units at June 30, 2015

 

2,435,393

 

$

44.09

 

 

 

 

 

 

 

 

 

Summary of ordinary shares reserved for future issuance under equity incentive plans

 

 

 

 

Number
of
Shares

 

Share options outstanding

 

2,177,867 

 

Restricted share units outstanding

 

2,435,393 

 

Shares authorized for future issuance

 

1,501,217 

 

ESPP shares available for future issuance

 

686,486 

 

 

 

 

 

Total shares reserved for future issuance at June 30, 2015

 

6,800,963 

 

 

 

 

 

 

Schedule of weighted average assumptions used to value share options granted

 

 

 

 

Employee Share
Options

 

Employee Share
Purchase Plan

 

 

 

Six Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2015 *

 

2014

 

2015

 

2014

 

Dividend yield, %

 

 

 

 

 

Expected volatility, %

 

 

56.1 

 

38.1 

 

45.1 

 

Risk free interest rate, %

 

 

1.98 

 

0.09 

 

0.06 

 

Expected life, years

 

 

5.77 

 

0.50 

 

0.50 

 

Estimated forfeiture rate, %

 

 

6.73 

 

 

 

 

 

*No options were granted in the six months ended June 30, 2015.

 

Summary of the distribution of total share-based compensation expense

   

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(In thousands)

 

Cost of goods sold

 

$

610 

 

$

532 

 

$

1,157 

 

$

1,054 

 

Research and development

 

7,553 

 

6,753 

 

14,321 

 

13,431 

 

Sales and marketing

 

2,750 

 

2,479 

 

5,144 

 

4,912 

 

General and administrative

 

2,373 

 

2,183 

 

4,382 

 

4,188 

 

 

 

 

 

 

 

 

 

 

 

Total share-based compensation expense

 

$

13,286 

 

$

11,947 

 

$

25,004 

 

$

23,585