XML 35 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Weighted Average Assumptions Used in Black -Scholes Valuation Model

The following table presents the weighted-average assumptions used in the Black-Scholes valuation model by the Company in calculating the fair value of share options granted:

 

 

 

For the Three Months

Ended

September 30,

 

 

For the Nine Months

Ended

September 30,

 

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

Expected life (in years)

 

 

6.1

 

 

 

7.6

 

 

 

6.1

 

 

 

7.3

 

 

Expected volatility

 

 

73.3

 

%

 

76.1

 

%

 

73.3

 

%

 

76.4

 

%

Expected dividend yield

 

 

—

 

%

 

—

 

%

 

—

 

%

 

—

 

%

Risk-free interest rate

 

 

2.76

 

%

 

1.83

 

%

 

2.76

 

%

 

1.87

 

%

Grant date weighted average fair value

 

$

5.61

 

 

$

9.57

 

 

$

5.61

 

 

$

7.94

 

 

      

Summary of Share Option Activity

The following table summarizes the Company’s share option activity for all plans for the nine months ended September 30, 2018:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise Price

 

 

Weighted-

Average

Remaining

Contractual

Term

(Years)

 

Aggregate

Intrinsic

Value (in

thousands)

 

Outstanding - December 31, 2017

 

 

344,055

 

 

$

8.70

 

 

 

 

 

 

 

Granted

 

 

926,931

 

 

8.47

 

 

 

 

 

 

 

Exercised

 

 

(62,224

)

 

5.34

 

 

 

 

 

 

 

Forfeited/cancelled

 

 

(130,579

)

 

17.45

 

 

 

 

 

 

 

Outstanding - September 30, 2018

 

 

1,078,183

 

 

$

7.64

 

 

9.29

 

 

1,386

 

Exercisable - September 30, 2018

 

 

168,360

 

 

$

3.95

 

 

6.57

 

 

832

 

Exercisable and expected to vest - September 30, 2018

 

 

1,078,183

 

 

$

7.64

 

 

9.29

 

 

1,386