XML 65 R47.htm IDEA: XBRL DOCUMENT
v3.20.4

Shareholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Equity [Abstract] |
Summary of the Stock Option and RSU Award Activities | The following table summarizes the stock option and RSU award activities under the Company's share-based compensation plans for the years ended December 31, 2020 and 2019:
| Shares Subject to Options Outstanding |  | Outstanding RSUs
| Number of Options (1) |  | Weighted Average Exercise Price $ |  | Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (2) $ |  | Weighted Average Grant Date Fair Value $ |  | Outstanding RSUs |  | Weighted Average Grant Date Fair Value $
December 31, 2018 | 5,476,790 |  |  | 32.96 |  |  | 6.23 |  | 577,731 |  |  | — |  |  | 2,473,665 |  |  | 92.40 |
Stock options granted | 488,485 |  |  | 165.03 |  | — |  |  | — |  |  | 126.93 |  |  | — |  |  | — |
Stock options exercised | (2,084,063) |  |  | 23.19 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Stock options forfeited | (68,970) |  |  | 68.24 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
RSUs granted | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 888,991 |  |  | 232.09 |
RSUs settled | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,252,250) |  |  | 84.98 |
RSUs forfeited | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (170,488) |  |  | 116.06 |
December 31, 2019 | 3,812,242 |  |  | 54.59 |  |  | 6.14 |  | 1,307,565 |  |  | — |  |  | 1,939,918 |  |  | 159.13 |
Stock options granted | 258,163 |  |  | 505.69 |  | — |  |  | — |  |  | 197.26 |  | — |  |  | — |
Stock options exercised | (1,530,759) |  |  | 46.26 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Stock options forfeited | (50,369) |  |  | 189.56 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
RSUs granted | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 473,697 |  |  | 645.99 |
RSUs settled | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,176,637) |  |  | 138.04 |
RSUs forfeited | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (124,011) |  |  | 262.93 |
December 31, 2020 | 2,489,277 |  |  | 103.76 |  | 5.45 |  | 2,559,442 |  |  | — |  |  | 1,112,967 |  |  | 377.08 |
Stock options exercisable as of December 31, 2020 | 1,852,236 |  |  | 44.61 |  | 4.66 |  | 2,014,011 |  |  |  |  |  |  |
(1) As at December 31, 2020, 992,376 of the outstanding stock options were granted under the Company's Legacy Option Plan and are exercisable for Class B multiple voting shares, 1,441,791 of the outstanding stock options were granted under the Company's Stock Option Plan and are exercisable for Class A subordinate voting shares, and 55,110 of the outstanding stock options were granted under the 6 River Systems 2016 Amended and Restated Stock Option and Grant Plan and are exercisable for Class A subordinate voting shares. (2) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the closing market price of the Company's Class A subordinate voting shares as of December 31, 2020 and December 31, 2019.
Schedule of Assumptions Used to Estimate the Fair Value of Stock Options | The grant weighted average assumptions used to estimate the fair value of stock options granted to employees were as follows:
| Years ended
| December 31, 2020 |  | December 31, 2019
Expected volatility | 46.4 | % |  | 50.7 | %
Risk-free interest rate | 1.04 | % |  | 2.25 | %
Dividend yield | Nil |  | Nil
Average expected life | 4.41 |  | 4.77
Schedule of Classification of Stock-based Compensation | The following table illustrates the classification of stock-based compensation in the consolidated statements of operations and comprehensive income (loss), which includes both stock-based compensation and restricted share-based compensation expense:
| Years ended
| December 31, 2020 |  | December 31, 2019
| $ |  | $
Cost of revenues | 6,483 |  | 3,572
Sales and marketing | 40,680 |  | 33,917
Research and development | 154,119 |  | 93,549
General and administrative | 45,658 |  | 27,418
| 246,940 |  | 158,456

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration