SHARE-BASED COMPENSATION PLAN (Tables)
 12 Months Ended
Dec. 31, 2013
SHARE-BASED COMPENSATION PLAN  
Schedule of assumptions presented in weighted average, used to estimate fair value of each option granted

  • The fair value of each option granted was estimated on the date of grant by the Group and was determined using the Black-Scholes options-pricing model with the following assumptions, presented in weighted average, for the years ended December 31, 2011, 2012 and 2013, respectively, except for the options assumed under the merger of equals with VanceInfo on November 9, 2012:

 
   2011   2012   2013  

Expected volatility(1)

     53%     53%     50% – 51%  

Risk-free interest rate(2)

     1.44% – 2.90%     1.04%     1.18% – 1.23%  

Expected life (years)(3)

     5.5 – 6.1     6.5     5.87 – 6.11  

Expected dividend yield(4)

     —     —     —  

Exercise price(5)

     $8.79 – $22.18   $ 7.25     $6.42 – $7.94  

Fair value of the underlying common shares(6)

     $8.79 – $22.18   $ 7.49     $6.42 – $7.94  
(1)
Volatility

  • The volatility of the underlying common shares during the life of the options was estimated based on average historical volatility of comparable companies for the period before the valuation date with lengths equal to the expected terms of the options.

(2)
Risk-free interest rate

  • Risk free interest rate is estimated based on the yield to maturity of China international government bonds with maturity term close to expected term of the options.

(3)
Expected term

  • As the Group did not have historical share option exercise experience, it estimated the expected term based on a consideration of factors including contractual term, vesting period and empirical study on exercise behavior of employee share option.

(4)
Dividend yield

  • The dividend yield was estimated by the Group based on its expected dividend policy over the expected term of the options.

(5)
Exercise price

  • The exercise price of the options was determined by the Company's board of directors.

(6)
Fair value of underlying common shares

  • The fair value of the underlying common shares is estimated based on the closing market price of the ADS of the Company as of the grant date to derive the fair value of the common shares on that date.

        The fair value of the options granted under the merger of equals with VanceInfo on November 9, 2012 was estimated with the assistance of an independent third-party appraiser, and was determined using binomial model with the following assumptions:

Expected volatility(1)

     52.0% – 66.0%  

Risk-free interest rate(2)

     0.7% – 1.4%  

Expected dividend yield(3)

     Nil  

Exercise price(4)

     $4.58 – $11.00  

Fair value of the underlying common shares(5)

     $7.49  
(1)
Volatility

  • The volatility of the underlying common shares during the life of the options was estimated based on average historical volatility of comparable companies for the period before the valuation date with lengths equal to the life of the options.

(2)
Risk-free interest rate

  • Risk free rate is estimated based on yield to maturity of China international government bonds with maturity term close to the life of the options.

(3)
Dividend yield

  • The dividend yield was estimated by the Group based on its expected dividend policy over the life of the options.

(4)
Exercise price

  • The exercise price of the options was determined by the Group's board of directors.

(5)
Fair value of underlying common shares

  • The fair value of the common shares underlying was estimated based on the closing market price of the ADS of VanceInfo as of the grant date to derive the fair value of the common shares on that date.
Schedule of share-based compensation expenses included in the consolidated statements of operations

  •  

 

 
   2011   2012   2013  

Cost of revenues

   $ 234   $ 165   $ 466  

General and administrative

     4,906     10,405     21,466  

Selling and marketing

     516     494     926  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 5,656   $ 11,064   $ 22,858  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
Share Incentive Plan
  
SHARE-BASED COMPENSATION PLAN  
Schedule of changes in options outstanding

   
   Number of
share options		   Weighted average
exercise price		   Weighted average
grant-date
fair value		   Weighted average
intrinsic value
per option at the
grant dates		  
 

Share options outstanding as of January 1, 2011

     4,508,784   $ 4.46              
 

Granted

     114,685     16.74   $ 8.93     —  
 

Exercised

     (1,007,740 )   4.18              
 

Cancelled

     (217,539 )   9.76              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2011

     3,398,190   $ 4.60              
 

Granted

     —     —     —     —  
 

Exercised

     (401,179 )   4.34              
 

Cancelled

     (81,840 )   6.64              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2012

     2,915,171   $ 4.58     —     —  
 

Granted

     —     —              
 

Exercised

     (691,372 )   4.64              
 

Cancelled

     (83,608 )   11.26              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2013

     2,140,191   $ 4.37              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Schedule of information with respect to stock options outstanding by exercise price range

   
   Options outstanding    
    
   Options exercisable    
  
 
Number
outstanding
  Weighted
average
remaining
contractual
life in years		   Weighted
average
exercise
price		   Aggregate
intrinsic
value		   Number
exercisable		   Weighted
average
remaining
contractual
life in years		   Weighted
average
exercise
price		   Aggregate
intrinsic
value		  
    2,140,191     3.40   $ 4.37   $ 6,013,406     2,134,557     3.39   $ 4.36   $ 6,008,441  
                                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                 
Summary of the status of the Group's options to be vested and changes during the period

Options to be vested
  Share options   Weighted-average
grant date
fair value		   Weighted-average
exercise price
per share		  

As of January 1, 2011

     1,361,483   $ 2.51   $ 5.58  

Granted

     114,685     8.93     16.74  

Vested

     (704,248 )   1.67     5.30  

Forfeited

     (217,539 )   4.18     9.76  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2011

     554,381   $ 4.88   $ 6.56  

Granted

     —     —     —  

Vested

     (357,282 )   3.01     5.79  

Forfeited

     (81,840 )   9.21     6.64  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2012

     115,259   $ 7.63   $ 8.88  

Granted

     —     —     —  

Vested

     (26,017 )   1.39     (8.49 )

Forfeited

     (83,608 )   4.91     11.26  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2013

     5,634   $ 5.76   $ 8.47  
               

Vested and expect to vest as of December 31, 2013

     4,593,188         $ 4.32  
                 
Summary of information regarding nonvested shares granted

   
   Number of
nonvested shares		   Weighted average
grant date
fair value		   Intrinsic
value		  
 

Outstanding as of January 1, 2011

     337,443   $ 8.37   $ 2,806,766  
 

Granted

     361,256     12.83     4,650,290  
 

Vested

     (273,850 )   6.83     (1,876,338 )
 

Forfeited

     (15,722 )   9.07     (143,571 )
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Outstanding as of December 31, 2011

     409,127   $ 13.25   $ 5,437,147  
 

Granted

     2,719     11.02     29,960  
 

Vested

     (156,072 )   13.06     (2,038,640 )
 

Forfeited

     (28,366 )   11.50     (326,168 )
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Outstanding as of December 31, 2012

     227,408   $ 13.57   $ 3,102,299  
 

Vested

     (57,373 )   13.95     (800,353 )
 

Forfeited

     (3,406 )   18.06     (61,512 )
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Outstanding as of December 31, 2013

     166,629   $ 13.45   $ 2,240,434  
                 
 

Nonvested shares vested and expect to vest as of December 31, 2013

     1,686,203              
                     
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                     
2011 Equity Incentive Plan
  
SHARE-BASED COMPENSATION PLAN  
Schedule of changes in options outstanding

   
   Number of
share options		   Weighted average
exercise price		   Weighted average
grant-date
fair value		   Weighted average
intrinsic value
per option at the
grant dates		  
 

Granted

     34,055   $ 8.79   $ 4.32     —  
 

Exercised

     —     —              
 

Cancelled

     —     —              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2011

     34,055   $ 8.79              
 

Granted

     215,084   $ 7.25   $ 3.77     —  
 

Exercised

     —     —              
 

Cancelled

     —     —              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2012

     249,139   $ 7.46              
 

Granted

     40,100   $ 7.75   $ 3.75     —  
 

Exercised

     —     —              
 

Cancelled

     (43,623 ) $ 8.20              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2013

     245,616   $ 7.38              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Schedule of information with respect to stock options outstanding by exercise price range

   
   Options outstanding    
    
   Options exercisable    
  
 
Number
outstanding
  Weighted
average
remaining
contractual
life in years		   Weighted
average
exercise
price		   Aggregate
intrinsic
value		   Number
exercisable		   Weighted
average
remaining
contractual
life in years		   Weighted
average
exercise
price		   Aggregate
intrinsic
value		  
    245,616     8.04   $ 7.38   $ 3,650     20,433     7.86   $ 8.79     —  
                                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                 
Summary of the status of the Group's options to be vested and changes during the period

Options to be vested
  Share options   Weighted-average
grant date
fair value		   Weighted-average
exercise price
per share		  

Granted in 2011

     34,055   $ 4.32   $ 8.79  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2011

     34,055   $ 4.32   $ 8.79  

Granted

     215,082     3.77     7.25  

Vested

     (34,055 )   4.32     8.79  

Forfeited

     2     3.89     7.60  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2012

     215,084   $ 3.77   $ 7.25  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Granted

     40,100     3.75     7.75  

Forfeited

     (30,001 )   3.83     7.94  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2013

     225,183   $ 4.02   $ 7.25  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Vested and expect to vest as of December 31, 2013

     245,616         $ 7.38  
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Summary of information regarding nonvested restricted share units

   
   Number of
nonvested
share units		   Weighted average
grant date
fair value		   Intrinsic
value		  
 

Outstanding as of January 1, 2012

     1,045,698   $ 10.18   $ 10,600,967  
 

Granted

     3,833,474     7.83     30,027,735  
 

Vested

     (291,513 )   10.41     (3,034,746 )
 

Forfeited

     (120,680 )   10.95     (1,321,957 )
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Outstanding as of December 31, 2012

     4,466,979   $ 8.13   $ 36,271,999  
 

Granted

     1,899,121     7.30     13,863,583  
 

Vested

     (210,086 )   8.88     (1,865,564 )
 

Forfeited

     (401,794 )   8.18     (3,286,675 )
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Outstanding as of December 31, 2013

     5,754,220   $ 7.55   $ 44,983,343  
                 
 

Nonvested shares vested and expect to vest as of December 31, 2013

     6,255,819              
                     
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                     
VanceInfo 2005 Stock Option Plan
  
SHARE-BASED COMPENSATION PLAN  
Schedule of changes in options outstanding

   
   Number of
share options		   Weighted average
exercise price		   Weighted average
grant-date
fair value		   Weighted average
intrinsic value
per option at the
grant dates		  
 

Assumed as of November 9, 2012

     1,093,435   $ 1.90   $ 1.31   $ 6,118,710  
 

Exercised

     (61,340 ) $ 0.78              
 

Cancelled

     —     —              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2012

     1,032,095   $ 1.97              
 

Exercised

     (223,715 ) $ 1.78              
 

Cancelled

     (1,588 ) $ 6.95              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2013

     806,792   $ 2.01              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Schedule of information with respect to stock options outstanding by exercise price range

   
   Options outstanding    
    
   Options exercisable    
  
 
Number
outstanding
  Weighted
average
remaining
contractual
life in years		   Weighted
average
exercise
price		   Aggregate
intrinsic
value		   Number
exercisable		   Weighted
average
remaining
contractual
life in years		   Weighted
average
exercise
price		   Aggregate
intrinsic
value		  
    806,792     2.30   $ 2.01   $ 4,153,648     806,792     2.30   $ 2.01   $ 4,153,648  
                                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                 
Summary of the status of the Group's options to be vested and changes during the period

Options to be vested
  Share options   Weighted-average
grant date
fair value		   Weighted-average
exercise price
per share		  

Assumed as of November 9, 2012

     1,093,435   $ 1.31   $ 1.90  

Vested

     (125 )   1.71     3.50  

Forfeited

     —     —     —  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2012

     1,093,310   $ 1.31   $ 1.90  

Vested

     (1,093,310 )   1.31     1.90  

Forfeited

     —     —     —  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2013

     —     —     —  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Vested and expect to vest as of December 31, 2013

     1,093,435         $ 1.90  
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
VanceInfo 2007 Share Incentive Plan
  
SHARE-BASED COMPENSATION PLAN  
Schedule of changes in options outstanding

   
   Number of
share options		   Weighted average
exercise price		   Weighted average
grant-date
fair value		   Weighted average
intrinsic value
per option at the
grant dates		  
 

Assumed as of November 9, 2012

     2,557,084   $ 7.56   $ 6.18   $ 1,138,653  
 

Exercised

     (25,908 ) $ 5.53              
 

Cancelled

     (49,088 ) $ 7.96              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2012

     2,482,088   $ 7.57              
 

Exercised

     (111,844 ) $ 5.30              
 

Cancelled

     (458,385 ) $ 7.87              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Share options outstanding as of December 31, 2013

     1,911,859   $ 7.63              
                           
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Schedule of information with respect to stock options outstanding by exercise price range

   
   Options outstanding    
    
   Options exercisable    
  
 
Number
outstanding
  Weighted
average
remaining
contractual
life in years		   Weighted
average
exercise
price		   Aggregate
intrinsic
value		   Number
exercisable		   Weighted
average
remaining
contractual
life in years		   Weighted
average
exercise
price		   Aggregate
intrinsic
value		  
    1,911,859     2.64   $ 7.63   $ 567,787     1,316,968     2.25   $ 7.51   $ 537,201  
                                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                 
Summary of the status of the Group's options to be vested and changes during the period

Options to be vested
  Share options   Weighted-average
grant date
fair value		   Weighted-average
exercise price
per share		  

Assumed as of November 9, 2012

     2,557,084   $ 6.18   $ 7.56  

Vested

     (81,381 )   3.47     6.57  

Forfeited

     (49,088 )   8.35     7.96  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2012

     2,426,615   $ 6.23   $ 7.58  

Vested

     (1,373,339 )   8.32     8.09  

Forfeited

     (458,385 )   6.58     7.87  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

As of December 31, 2013

     594,891   $ 7.21   $ 7.90  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Vested and expect to vest as of December 31, 2013

     2,049,611         $ 7.48  
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Summary of information regarding nonvested restricted share units

   
   Number of
nonvested
share units		   Weighted average
grant date
fair value		   Intrinsic
value		  
 

Granted as of November 9, 2012

     722,869   $ 16.56   $ 11,968,510  
 

Vested

     (14,738 )   16.23     (239,145 )
 

Forfeited

     (24,157 )   14.13     (341,308 )
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Outstanding as of December 31, 2012

     683,974   $ 16.65   $ 11,388,057  
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Vested

     (250,704 )   17.52     (4,392,334 )
 

Forfeited

     (99,355 )   18.37     (1,825,151 )
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Outstanding as of December 31, 2013

     333,915   $ 15.48   $ 5,170,572  
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
 

Nonvested shares vested and expect to vest as of December 31, 2013

     599,357              
                     
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                     
Performance based share award options and nonvested shares
  
SHARE-BASED COMPENSATION PLAN  
Summary of information regarding nonvested restricted share units

   
   Number of
share units		   Weighted average
grant date
fair value		   Intrinsic
value		  
 

Outstanding as of January 1, 2012

     695,430   $ 9.96   $ 6,925,500  
 

Granted

     1,870,614     7.07     13,064,870  
 

Forfeited

     (71,710 )   7.49     (537,049 )
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Outstanding as of December 31, 2012

     2,494,334     7,86     19,453,321  
 

Forfeited

     (156,505 )   7.49     (1,172,222 )
                 
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

Outstanding as of December 31, 2013

     2,337,829   $ 7.20   $ 18,281,099  
                 
 

Option and nonvested shares vested and expect to vest as of December 31, 2013

     2,783,106              
                     
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​