XML 106 R24.htm IDEA: XBRL DOCUMENT
v3.20.1

NONVESTED SHARES | 12 Months Ended
--- | ---
Dec. 31, 2019
NONVESTED SHARES |
NONVESTED SHARES | 14. NONVESTED SHARES In 2013, the Company granted 711,571 nonvested shares to certain officers and employees. These nonvested shares vest over a period ranged from two to four years. In 2014, the Company granted 2,800,300 nonvested shares to certain officers and employees. These nonvested shares vest over a period ranged from three to four years. In 2015, the Company granted 3,154,800 nonvested to certain officers and employees. These nonvested shares vest over a period from three months to four years. In 2016, the Company granted 296,000 nonvested to certain officers and employees. These nonvested shares vest over a period from three months to four years. In 2017, the Company granted 272,000 nonvested to certain officers and employees. These nonvested shares vest over a period of four years. In 2018, the Company granted 244,000 nonvested to certain officers and employees. These nonvested shares vest over a period of four years. In 2019, the Company granted 1,829,000 nonvested to certain officers and employees. The nonvested shares of 280,000 vest over a period of two years and nonvested shares of 1,549,000 vest immediately. The holders of the nonvested shares are entitled to voting rights, but shall not be entitled to dividends before vesting. The following table summarizes information regarding the nonvested shares granted and vested:
|  |  |  | Weighted average
|  |  |  | grant date
|  | Number of Shares |  | fair value
Outstanding at January 1, 2019 |  | 548,780 |  | $ | 5.07
Granted |  | 1,829,000 |  | $ | 0.54
Forfeited |  | (104,476) |  | $ | 1.52
Vested |  | (1,813,304) |  | $ | 0.54
Outstanding at December 31, 2019 |  | 460,000 |  | $ | 5.74
The total fair value of shares vested during the years ended December 31, 2017, 2018 and 2019 was $808, $379 and $972, respectively. For the years ended December 31, 2017, 2018 and 2019, the Group recorded share-based compensation expenses of $1,768, $384 and $1,995 related to the nonvested shares, respectively. As of December 31, 2019, there was $327 of unrecognized compensation costs related to nonvested shares, which are expected to be recognized over a weighted-average period of 1.82 years. Total share-based compensation expenses for share options and nonvested shares for the years ended December 31, 2017, 2018 and 2019 were as follows:
|  | Year ended December 31,
|  | 2017 |  | 2018 |  | 2019
Fulfillment |  | $ | 214 |  | $ | 47 |  | $ | 238
Selling and marketing |  |  | 456 |  |  | 99 |  |  | 408
General and administrative |  |  | 1,195 |  |  | 259 |  |  | 1,414
Total |  | $ | 1,865 |  | $ | 405 |  | $ | 2,060

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

X
- Definition The entire disclosure for nonvested shares. + References No definition available. + Details
Name: | litb_NonvestedSharesDisclosureTextBlock
Namespace Prefix: | litb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration