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Share-Based Payment (Tables)
12 Months Ended
Dec. 31, 2019
Share-Based Payment [Abstract]  
Schedule of expense recognized in the financial statements for services

   Year ended
December 31,
 
   2019   2018   2017 
Equity-settled share-based payment plans to employees, directors and consultants  $1,263   $710   $1,028 
Schedule of share-based payment transactions granted to its employees, directors and consultants

Issuance Date  Grantee  Options
outstanding
as of
December 31,
2019
   Exercise
price
NIS
   Exercise
price $*)
   Exercisable
as of
December 31,
2019
   Exercisable
Through
  Total
Fair
Value $
 
December 8, 2015  Employees and Consultant   292,250    25.99    6.70    292,250   December 8, 2025   1,053 
December 8, 2015  Employees and Consultant   270,000    31.19    8.04    270,000   December 8, 2025   1,247 
April 1, 2017  Chief Executive Officer and Director   566,262    19.97    5.47    566,262   April 1, 2025   1,100 
December 3, 2017  Director   27,500    21.37    6.12    9,167   December 3, 2027   54 
November 12, 2018  Directors   110,000    23.39    6.36       November 12, 2026   298 
November 12, 2018  Employees and officers   672,600    23.39 - 24.22    6.36 - 6.59       November 12, 2026   2,299 
October 1, 2019  Chief Financial and Operating Officer   50,000    19.08    5.48       October 1, 2027   100 

 

 

*)As of grant date.
Schedule of fair value of options granted

   Year ended December 31, 
   2019   2018   2017 
Dividend yield (%)   0    0    0 
Expected volatility (%)   40.06 - 48.09    40.51 - 48.25    40.58 - 56.77 
Risk-free interest rate (%)   1.61 – 1.73    0.28 - 2.22    0.11 - 2.00 
Expected exercise factor   2.8    2.8    2.8 
Post-vesting forfeiture rate (%)   5    5    5 - 10 
Schedule of share-based payment movement during the year

   Year ended December 31, 
   2019   2018 
   Number of
options
   Weighted
average
exercise
price(*)
   Number of
options
   Weighted
average
exercise
price(*)
 
       $       $ 
Outstanding at January 1,   2,425,192   $6.6    1,721,059   $7.9 
Granted   50,000    5.5    962,300    6.3 
Expired   (59,765)   7.5    (199,499)   10.8 
Forfeited   (201,615)   7.0    (58,668)   7.9 
                     
Outstanding at December 31,   2,213,812   $7.1    2,425,192   $6.6 
                     
Exercisable at December 31,   1,362,879   $7.38    912,893   $7.17 

 

 

(*)The exercise price of all options denominated in NIS and was translated to USD in the table above using the exchange rate as of December 31, 2019 and 2018, respectively.