XML 98 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
License $ 237,879 $ 192,514 $ 147,640
Maintenance and professional services 196,016 150,685 114,061
Revenues 433,895 343,199 261,701
Cost of revenues:      
License 10,569 10,526 7,911
Maintenance and professional services 52,046 37,935 33,937
Cost of revenues 62,615 48,461 41,848
Gross profit 371,280 294,738 219,853
Operating expenses:      
Research and development 72,520 57,112 42,389
Sales and marketing 184,168 148,290 126,739
General and administrative 52,308 42,044 30,399
Total operating expenses 308,996 247,446 199,527
Operating income 62,284 47,292 20,326
Financial income, net 7,800 4,551 4,103
Income before taxes on income 70,084 51,843 24,429
Taxes on income (7,020) (4,771) (8,414)
Net income $ 63,064 $ 47,072 $ 16,015
Basic net income per ordinary share $ 1.68 $ 1.30 $ 0.46
Diluted net income per ordinary share $ 1.62 $ 1.27 $ 0.44
Change in unrealized income (losses) on marketable securities:      
Unrealized income (loss) arising during the year $ 777 $ (43) $ (29)
Change in unrealized losses on marketable securities, total 777 (43) (29)
Change in unrealized gain (loss) on cash flow hedges:      
Unrealized gain (loss) arising during the year 1,538 (2,469) 1,470
Loss (gain) reclassified into earnings (558) 1,466 (1,159)
Change in unrealized gain on cash flow hedges, net 980 (1,003) 311
Other comprehensive income (loss), net of taxes of $(41), $143 and $(240) for 2017, 2018 and 2019, respectively 1,757 (1,046) 282
Total comprehensive income $ 64,821 $ 46,026 $ 16,297