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Share-based payments (Tables)

6 Months Ended

Jun. 30, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Details of share options activity during the six months ended June 30, 2017 were as follows:

	Number of options		Weighted average exercise price per share		Weighted average remaining contractual term	Aggregate intrinsic value
Outstanding as of December 31, 2016		352,000	$	10.25	4.4 years	$	-
Outstanding as of June 30, 2017		352,000	$	10.25	3.9 years	$	-
Options vested and expected to vest as of June 30, 2017		352,000	$	10.25	3.9 years	$	-
Options exercisable as of June 30, 2017		294,500	$	8.36	3.0 years	$	-

Unvested Balance of Options

The unvested balance of options is shown below for the six months ended June 30, 2017:

	Number of options			Weighted average exercise price per share		Weighted average remaining contractual term
Unvested as of December 31, 2016		68,750		$	8.91	8.9 years
Vested		(11,250	)	$	7.44
Unvested as of June 30, 2017		57,500		$	9.19	8.4 years

Schedule of Restricted Share Units Activity

Details of unvested RSUs activity during the six months ended June 30, 2017 were as follows:

	Number of units			Weighted average grant-date fair value
Unvested as of December 31, 2016		12,407,029		$	8.40
Granted		1,917,000		$	5.60
Vested and delivered		(1,622,331	)	$	6.56
Withheld as treasury stock ⁽¹⁾		(187,767	)	$	6.94
Vested not delivered ⁽²⁾		(1,670,001	)	$	11.10
Forfeited		(91,750	)	$	5.61
Unvested as of June 30, 2017		10,752,180		$	7.81

⁽¹⁾	As discussed in Note 8, the increase in treasury stock was due to shares withheld to pay statutory withholding taxes upon the vesting of RSUs during the six months ended June 30, 2017.

⁽²⁾	Vested not delivered represent the vested RSUs with deferred delivery at a future time. As of June 30, 2017, the cumulative shares of RSUs included in “vested not delivered” above were 5,777,668.

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 six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2017		2016		2017		2016
Sales and marketing expenses	$	868	$	575	$	1,566	$	1,121
General and administrative expenses		8,451		6,670		15,065		13,502
		9,319		7,245		16,631		14,623
Capitalized in intangible assets		335		221		581		499
Total	$	9,654	$	7,466	$	17,212	$	15,122