XML 91 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
SHARE BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2016
SHARE BASED COMPENSATION [Abstract]  
Summary of Stock Option Activity
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
Number of
 
Average
 
Remaining
 
Aggregate
 
 
 
Share
 
Exercise Price
 
Contractual
 
Intrinsic
 
 
 
Options
 
US$
 
Years
 
Value US$
 
Outstanding at December 31, 2013
 
 
8,134,830
 
 
0.82
 
 
 
 
 
 
 
Granted
 
 
1,805,784
 
 
3.05
 
 
 
 
 
 
 
Exercised
 
 
(1,786,449)
 
 
0.14
 
 
 
 
 
 
 
Forfeited
 
 
(115,215)
 
 
2.91
 
 
 
 
 
 
 
Expired
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2014
 
 
8,038,950
 
 
1.44
 
 
6.19
 
 
77,658
 
Granted
 
 
615,624
 
 
3.38
 
 
 
 
 
 
 
Exercised
 
 
(3,015,872)
 
 
1.20
 
 
 
 
 
 
 
Forfeited
 
 
(56,926)
 
 
3.33
 
 
 
 
 
 
 
Expired
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2015
 
 
5,581,776
 
 
1.77
 
 
5.68
 
 
48,412
 
Granted
 
 
1,115,807
 
 
1.90
 
 
 
 
 
 
 
Exercised
 
 
(2,106,043)
 
 
1.46
 
 
 
 
 
 
 
Forfeited
 
 
(263,671)
 
 
2.98
 
 
 
 
 
 
 
Expired
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2016
 
 
4,327,869
 
 
1.88
 
 
5.84
 
 
56,743
 
Vested and expected to vest as of December 31, 2016
 
 
3,959,763
 
 
1.74
 
 
5.59
 
 
52,460
 
Exercisable as of December 31, 2016
 
 
2,536,418
 
 
1.17
 
 
4.09
 
 
35,045
 
Summary of Fair Value Assumptions
 
 
Year Ended December 31,
 
 
 
2014
 
2015
 
2016
 
 
 
US$
 
US$
 
US$
 
Expected volatility
 
 
51.7%
 
 
62.3%-70.9%
 
 
63.5%-68.8%
 
Expected dividends yield
 
 
0%
 
 
0%
 
 
0%
 
Exercise multiple
 
 
2.2
 
 
2.0
 
 
2.0
 
Risk-free interest rate per annum
 
 
3.81%
 
 
2.68%-2.99%
 
 
2.15%-3.18%
 
Estimated fair value of underlying ordinary shares (per share)
 
 
US$8.60
 
 
US$9.28-US$12.85
 
 
US$9.99-US$16.54
 
Schedule of Fair Values of the Options Granted
 
 
Year Ended December 31,
 
 
 
2014
 
2015
 
2016
 
 
 
US$
 
US$
 
US$
 
Weighted average grant date fair value of option per share
 
 
6.35
 
 
9.16
 
 
10.17
 
Aggregate grant date fair value of options
 
 
11,468
 
 
5,641
 
 
11,352
 
Summary of Non-vested Shares Activity
 
 
 
 
Weighted Average
 
 
 
Number of Non-
 
Grant Date Fair
 
 
 
vested Shares
 
Value
 
 
 
 
 
US$
 
Outstanding as of December 31, 2013
 
 
-
 
 
-
 
Granted
 
 
29,724
 
 
9.38
 
Vested
 
 
(1,944)
 
 
13.95
 
Forfeited
 
 
-
 
 
-
 
Outstanding as of December 31, 2014
 
 
27,780
 
 
9.06
 
Granted
 
 
25,000
 
 
9.63
 
Vested
 
 
(27,780)
 
 
9.06
 
Forfeited
 
 
-
 
 
-
 
Outstanding as of December 31, 2015
 
 
25,000
 
 
9.63
 
Granted
 
 
20,000
 
 
10.82
 
Vested
 
 
(35,000)
 
 
9.97
 
Forfeited
 
 
-
 
 
-
 
Outstanding as of December 31, 2016
 
 
10,000
 
 
10.82