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Share-based payments (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Share Options Activity

Details of share options activity during the nine months ended September 30, 2016 were as follows:

 

 

 

Number of

options

 

 

Weighted average exercise price per share

 

 

Weighted average

remaining

contractual term

 

Aggregate

intrinsic

value

 

Balance as of December 31, 2015

 

 

462,000

 

 

$

9.52

 

 

5.3 years

 

$

-

 

Granted

 

 

30,000

 

 

 

5.04

 

 

 

 

 

 

 

Forfeited

 

 

(30,000

)

 

 

9.59

 

 

 

 

 

 

 

Expired

 

 

(100,000

)

 

 

6.02

 

 

 

 

 

 

 

Balance as of September 30, 2016

 

 

362,000

 

 

$

10.10

 

 

4.8 years

 

$

-

 

Options exercisable as of September 30, 2016

 

 

271,583

 

 

$

10.60

 

 

3.3 years

 

$

-

 

 

Unvested Balance of Options

The unvested balance of options is shown below for the nine months ended September 30, 2016:

 

 

 

Number of

options

 

 

Weighted average exercise price per share

 

 

Weighted average

remaining

contractual term

Unvested as of December 31, 2015

 

 

126,667

 

 

$

9.02

 

 

8.1 years

Granted

 

 

30,000

 

 

 

5.04

 

 

 

Vested

 

 

(36,250

)

 

 

6.37

 

 

 

Forfeited

 

 

(30,000

)

 

 

9.59

 

 

 

Unvested as of September 30, 2016

 

 

90,417

 

 

$

8.57

 

 

9.2 years

 

Schedule of Unvested Restricted Share Units Activity

Details of unvested RSUs activity during the nine months ended September 30, 2016 were as follows:

 

 

 

Number of units

 

 

Weighted average

grant-date fair value

 

Unvested as of December 31, 2015(1)

 

 

13,721,000

 

 

$

7.78

 

Granted

 

 

743,639

 

 

 

4.87

 

Vested and delivered

 

 

(379,737

)

 

 

6.65

 

Withheld as treasury stock (2)

 

 

(61,685

)

 

 

6.25

 

Vested not delivered

 

 

(1,437,667

)

 

 

1.54

 

Forfeited

 

 

(123,500

)

 

 

6.95

 

Unvested as of September 30, 2016

 

 

12,462,050

 

 

$

8.38

 

 

Schedule of Share-based Compensation

The share-based compensation expenses for the Company’s share options, RSUs and common stock were allocated to the following accounts in the condensed consolidated financial statements for the three and nine months ended September 30, 2016 and 2015:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(In thousands)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Sales and marketing expenses

 

$

657

 

 

$

17

 

 

$

1,778

 

 

$

79

 

General and administrative expenses

 

 

6,661

 

 

 

1,664

 

 

 

20,163

 

 

 

3,573

 

Discontinued operations

 

 

-

 

 

 

-

 

 

 

-

 

 

 

462

 

Capitalized in intangible assets

 

 

369

 

 

 

109

 

 

 

868

 

 

 

239

 

Total

 

$

7,687

 

 

$

1,790

 

 

$

22,809

 

 

$

4,353