XML 30 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Shares Capital

a.Composition of share capital of the Company:

		December 31,
		2018								2019
		Authorized				Issued and outstanding				Authorized				Issued and outstanding
		Number of shares
Ordinary shares of NIS 0.01 par value each			250,000,000				36,838,523				250,000,000				38,043,516

Schedule of Share Based Compensation Expense

The total share-based compensation expense related to all of the Company's equity-based awards, recognized for the years ended December 31, 2017, 2018 and 2019 is comprised as follows:

		Year ended December 31,
		2017				2018				2019
Cost of revenues		$	2,289			$	3,350			$	5,690
Research and development			6,110				7,922				10,960
Sales and marketing			8,642				12,708				20,976
General and administrative			8,196				11,984				17,891
Total share-based compensation expense		$	25,237			$	35,964			$	55,517

Schedule of Stock Option Activity

A summary of the activity in options granted to employees for the year ended December 31, 2019 is as follows:

		Amount of options				Weighted average exercise price				Weighted average remaining contractual term (in years)				Aggregate intrinsic value
Balance as of December 31, 2018			1,476,610			$	46.40				7.30			$	40,968
Granted			87,600			$	115.26
Exercised			(618,917	)		$	39.66
Forfeited			(28,780	)		$	54.03
Balance as of December 31, 2019			916,513			$	57.29				6.96			$	54,762
Exercisable as of December 31, 2019			590,891			$	51.50				6.32			$	38,523

Schedule of Fair Value Assumptions

The following table sets forth the parameters used in computation of the options compensation to employees for the years ended December 31, 2017, 2018 and 2019:

		Year ended December 31,
		2017				2018				2019
Expected volatility			45%-48%				47%-48%				48%
Expected dividends			0%				0%				0%
Expected term (in years)			5.25-6.25				5.00-6.20				5.90-6.10
Risk free rate			1.77%- 2.05%				2.38%- 3.12%				1.49%- 2.49%

Schedule of Options Data

A summary of options data for the years ended December 31, 2017, 2018 and 2019, is as follows:

		Year ended December 31,
		2017				2018				2019
Weighted-average grant date fair value of options granted		$	21.81			$	28.26			$	55.43
Total intrinsic value of the options exercised		$	33,614			$	53,398			$	45,326

Schedule of Outstanding and Exercisable Options

F - 37

CYBERARK SOFTWARE LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

U.S. dollars in thousands (except share and per share data and unless otherwise indicated)

NOTE 12: SHAREHOLDERS' EQUITY (Cont.)

The following tables summarize information about the Company's outstanding and exercisable options granted to employees as of December 31, 2019:

Exercise price				Options outstanding as of December 31, 2019				Weighted average remaining contractual term				Options exercisable as of December 31, 2019				Weighted average remaining contractual term
								(years)								(years)
$	1.06 – 14.00				40,055				3.77				40,055				3.77
$	37.44 – 47.29				164,875				6.96				85,404				6.61
$	47.40 – 51.86				309,557				7.09				211,097				6.85
$	52.48 – 64.65				285,726				6.34				241,978				6.03
$	64.93 – 131.65				116,300				9.22				12,357				9.15
					916,513				6.96				590,891				6.32

Schedule of RSUs and PSUs Activity

e.A summary of RSUs and PSUs activity for the year ended December 31, 2019 is as follows:

		Amount of RSUs and PSUs				Weighted average grant date fair value
Unvested as of December 31, 2018			1,721,620			$	56.15
Granted			918,850			$	119.93
Vested			(586,076	)		$	57.00
Forfeited			(94,750	)		$	72.85
Unvested as of December 31, 2019			1,959,644			$	85.00

X

- Definition

Intrinsic Value of Options Exercised, Fair Value of Options Vested and Weighted Average Grant Date Fair Value of Stock Options Granted [Table Text Block]

+ References

No definition available.

+ Details

Name:	cybr_IntrinsicValueOfOptionsExercisedFairValueOfOptionsVestedAndWeightedAverageGrantDateFairValueOfStockOptionsGrantedTableTextBlock
Namespace Prefix:	cybr_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
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=116856206&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=116856206&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 the changes in outstanding nonvested restricted stock units.

+ 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 (c)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, 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 (d)
-URI http://asc.fasb.org/extlink&oid=116856206&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 (e)
-URI http://asc.fasb.org/extlink&oid=116856206&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 (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
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=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

+ Details

Name:	us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ 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=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration