|
Share-Based Compensation (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| E-House Replacement Options and CRIC Replaced Options |
|
| Share-Based Compensation |
|
| Schedule of assumptions used to estimate the fair value of share options granted |
|
|
|
E-House
|
|
CRIC
|
|
|
|
|
Replacement
|
|
Replaced
|
|
|
|
|
Options
|
|
Options
|
|
|
Average risk-free rate of return
|
|
2.62%
|
|
2.62%
|
|
|
Contractual life of option
|
|
7.53 years
|
|
7.53 years
|
|
|
Average estimated volatility rate
|
|
50.42%
|
|
54.21%
|
|
|
Average dividend yield
|
|
2.03%
|
|
—
|
|
|
| E-House Replacement Restricted Shares and CRIC Replaced Restricted Shares |
|
| Share-Based Compensation |
|
| Schedule of assumptions used to estimate the fair value of restricted shares granted |
|
|
|
E-House
|
|
CRIC
|
|
|
|
|
Replacement
|
|
Replacement
|
|
|
|
|
Restricted
|
|
Restricted
|
|
|
|
|
Shares
|
|
Shares
|
|
|
Average risk-free rate of return
|
|
2.43%
|
|
2.43%
|
|
|
Contractual life of option
|
|
0.85 years
|
|
0.85 years
|
|
|
Average estimated volatility rate
|
|
50.42%
|
|
54.21%
|
|
|
Average dividend yield
|
|
2.03%
|
|
—
|
|
|
| E-House Plan |
|
| Share-Based Compensation |
|
| Schedule of assumptions used to estimate the fair value of share options granted |
|
|
|
2012
|
|
|
Average risk-free rate of return
|
|
2.78%
|
|
|
Contractual life of option
|
|
8.02 years
|
|
|
Average estimated volatility rate
|
|
62.23%
|
|
|
Average dividend yield
|
|
2.45%
|
|
|
| Summary of share option activity |
|
|
|
Number of
Options
|
|
Weighted
Average
Exercise Price
|
|
Weighted Average
Remaining
Contractual
Term
|
|
Aggregate
Intrinsic
Value of
Options
|
|
|
|
|
|
|
$
|
|
|
|
$
|
|
|
Outstanding, as of January 1, 2014
|
|
12,949,951
|
|
4.25
|
|
|
|
140,247,969
|
|
|
Exercised
|
|
(3,446,585
|
)
|
3.49
|
|
|
|
23,679,729
|
|
|
Forfeited
|
|
(26,662
|
)
|
4.94
|
|
|
|
|
|
|
Outstanding, as of December 31, 2014
|
|
9,476,704
|
|
4.52
|
|
5.58
|
|
25,776,635
|
|
|
Vested and expected to vest as of December 31, 2014
|
|
9,476,704
|
|
4.52
|
|
5.58
|
|
25,776,635
|
|
|
Exercisable as of December 31, 2014
|
|
9,476,704
|
|
4.52
|
|
5.58
|
|
25,776,635
|
|
|
| Summary of restricted share activity |
|
|
|
Number of
Restricted
Shares
|
|
Weighted
Average
Grant-date
Fair Value
|
|
|
|
|
|
|
$
|
|
|
Unvested as of January 1, 2014
|
|
2,151,684
|
|
7.77
|
|
|
Granted
|
|
1,439,000
|
|
8.72
|
|
|
Vested
|
|
(860,301
|
)
|
7.08
|
|
|
Forfeited
|
|
(33,334
|
)
|
7.78
|
|
|
Unvested as of December 31, 2014
|
|
2,697,049
|
|
8.50
|
|
|
| Leju Plan |
|
| Share-Based Compensation |
|
| Schedule of assumptions used to estimate the fair value of share options granted |
|
|
|
2013
|
|
|
Average risk-free rate of return
|
|
2.98%
|
|
|
Contractual life of option
|
|
10 years
|
|
|
Average estimated volatility rate
|
|
56.74%
|
|
|
Average dividend yield
|
|
0.00%
|
|
|
| Summary of share option activity |
|
|
|
Number of
Options
|
|
Exercise
Price
|
|
Remaining
Contractual
Term
|
|
Aggregate
Intrinsic
Value of
Options
|
|
|
|
|
|
|
$
|
|
|
|
|
|
|
Outstanding, as of January 1, 2014
|
|
6,592,000
|
|
4.60
|
|
|
|
—
|
|
|
Granted
|
|
—
|
|
|
|
|
|
|
|
|
Replaced by Restricted Share
|
|
(60,000
|
)
|
4.60
|
|
|
|
|
|
|
Exercised
|
|
(266,201
|
)
|
4.60
|
|
|
|
1,668,693
|
|
|
Forfeited
|
|
(132,000
|
)
|
4.60
|
|
|
|
|
|
|
Outstanding, as of December 31, 2014
|
|
6,133,799
|
|
4.60
|
|
8.92
|
|
37,784,202
|
|
|
Vested and expected to vest as of December 31, 2014
|
|
5,943,719
|
|
4.60
|
|
8.92
|
|
36,613,309
|
|
|
Exercisable as of December 31, 2014
|
|
1,867,132
|
|
4.60
|
|
8.92
|
|
11,501,535
|
|
|
| Summary of restricted share activity |
|
|
|
Number of
Restricted
Shares
|
|
Weighted
Average
Grant-date
Fair Value
|
|
|
Unvested as of January 1, 2014
|
|
600,000
|
|
2.21
|
|
|
Converted from option
|
|
60,000
|
|
2.21
|
|
|
Granted
|
|
1,095,400
|
|
12.37
|
|
|
Vested
|
|
(220,000
|
)
|
2.21
|
|
|
Forfeited
|
|
(8,800
|
)
|
16.25
|
|
|
Unvested as of December 31, 2014
|
|
1,526,600
|
|
9.42
|
|
|
| Scepter Plan |
|
| Share-Based Compensation |
|
| Schedule of assumptions used to estimate the fair value of share options granted |
|
|
|
2014
|
|
|
Average risk-free rate of return
|
|
4.3%
|
|
|
Contractual life of option
|
|
10 years
|
|
|
Average estimated volatility rate
|
|
50.0%
|
|
|
Average dividend yield
|
|
1.7%
|
|
|
| Summary of share option activity |
|
|
|
Number of
Options
|
|
Exercise
Price
|
|
Remaining
Contractual
Term
|
|
Aggregate
Intrinsic
Value of
Options
|
|
|
|
|
|
|
$
|
|
|
|
|
|
|
Outstanding, as of January 1, 2014
|
|
—
|
|
|
|
|
|
|
|
|
Granted
|
|
455,000
|
|
3.30
|
|
10.00
|
|
|
|
|
Forfeited
|
|
(5,000
|
)
|
|
|
|
|
|
|
|
Outstanding, as of December 31, 2014
|
|
450,000
|
|
3.30
|
|
9.60
|
|
—
|
|
|
Vested and expected to vest as of December 31, 2014
|
|
449,526
|
|
3.30
|
|
9.60
|
|
—
|
|
|
Exercisable as of December 31, 2014
|
|
—
|
|
3.30
|
|
9.60
|
|
—
|
|
|