XML 41 R27.htm IDEA: XBRL DOCUMENT v3.6.0.2
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2016
SHAREHOLDERS' EQUITY [Abstract]  
Schedule of Stock Option Activity
The following is a summary of the Company's stock options granted under the Plans:
 
   
Year ended
December 31, 2016
  
   
Number
of options
(thousands)
    
Weighted average
exercise
price
(per share)
    
Weighted- average
remaining
contractual term
(in years)
    
Aggregate
intrinsic
value (*)
  
                         
Outstanding at beginning of year
    
1,975
    
$
8.95
      
3.98
    
$
5,118
  
Granted
    
212
      
7.27
                  
Exercised
    
(108
)
    
2.67
                  
Forfeited
    
(176
)
    
11.33
                  
                                 
Outstanding at end of year
    
1,903
    
$
8.90
      
3.35
    
$
1,136
  
                                 
Exercisable at end of year
    
1,324
    
$
8.43
      
2.72
    
$
1,092
  
                                 
Vested and expected to vest at end of year
    
1,852
    
$
8.89
      
3.30
    
$
1,130
  

(*)
Calculation of aggregate intrinsic value for options outstanding and exercisable is based on the share price of the Company’s ordinary shares as of December 31, 2016 which was $6.0 per share.
Schedule of Shares Authorized Under Stock Option Plans, by Exercise Price Range
The options outstanding as of December 31, 2016, have been separated into ranges of exercise price per share as follows:

   
Outstanding
    
Exercisable
  
Exercise price
  
Number
outstanding
(thousands)
    
Weighted average
remaining
contractual
life
(years)
    
Weighted
average
exercise
price
    
Number
exercisable
(thousands)
    
Weighted average
remaining
contractual
life
(years)
    
Weighted
average
exercise
price
  
$
              
$
                
$
  
                                     
$1.48 - $5.68
    
478
      
2.25
      
3.62
      
346
      
0.82
      
2.84
  
$5.72-$10.03
    
482
      
3.31
      
8.72
      
394
      
3.17
      
8.75
  
$10.06 - $11.32
    
576
      
3.56
      
10.86
      
430
      
3.33
      
10.97
  
$11.38 - $14.68
    
367
      
4.48
      
12.92
      
154
      
4.13
      
12.98
  
                                                 
     
1,903
      
3.35
    
$
8.90
      
1,324
      
2.72
    
$
8.43
  
Schedule of RSU Activity
A summary of the Company’s RSU activities and related information for the year ended December 31, 2016, is as follows:

   
Number
of RSUs
(thousands)
    
Weighted average
grant-date
fair value
  
Outstanding at January 1, 2016
    
225
    
$
14.68
  
Granted
    
318
      
8.05
  
Vested
    
(74
)
    
14.68
  
Forfeited
    
(33
)
    
11.42
  
                 
Non-vested at December 31, 2016
    
436
    
$
10.09
  
 
Schedule of Stock-Based Compensation Expense
The allocation of the share-based compensation, including compensation related to a retention plan associated with an acquisition (see also Note 3(b)) and other compensation in shares, is as follows:

   
Year ended
December 31,
  
   
2016
    
2015
    
2014
  
                   
Cost of maintenance and services
  
$
148
    
$
-
    
$
-
  
Research and development
    
1,098
      
842
      
440
  
Selling and marketing
    
2,011
      
1,766
      
636
  
General and administrative
    
993
      
721
      
413
  
                         
Total share-based compensation
  
$
4,250
    
$
3,329
    
$
1,489