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SHAREHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2015
SHAREHOLDERS' EQUITY [Abstract]  
Summary of Fair Value Weighted Average Assumptions
 

Six months ended
June 30,

 

 

 

2015

 

2014

 

Unaudited

 

     
 

Risk free interest

    1.20   1.16

Dividend yields

    0   0

Volatility

    54   63 %

Expected life (in years)     

    4     4  
Schedule of Stock Option Activity
 

Number
of options
(in thousands)

 

Weighted
Average 
exercise
Price (per share)

   

Weighted- average
remaining
contractual term
(in years)

   

Aggregate
intrinsic value 
(1)

 

 

Unaudited


                     

Outstanding at December 31, 2014

   1,889   $  6.53     3.97     $ 8,148

Granted

  269     12.9        

Exercised

  (268)     (2.55)        

Forfeited

  (29)     (9.1)        
                 

Outstanding at June 30, 2015

  1,861     $ 7.99     4.09     $ 9,592
                 

Exercisable at June 30, 2015

  862     $ 5.17     2.79     $ 6,823
                 

Vested and expected to vest at June 30, 2015     

  1,772     $ 7.86     4.03     $ 9,359

 

(1)

Calculation of aggregate intrinsic value for options outstanding and exercisable as of June 30, 2015 is based on the share price of the Company's ordinary shares as of June 30, 2015 which was $13.07 per share.
Schedule of Stock-Based Compensation Expense
 

Six months ended
June 30,

 

 

2015

 

 

2014

 

 

Unaudited

 

             

Research and development

    $ 221   $ 191

Selling and marketing

    446   298

General and administrative

    304   188
     

Total stock-based compensation expense     

    $ 971   $ 677