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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 3,963 $ 1,115
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation 784 528
Amortization of intangible assets 974 326
Equity-based compensation 2,795 3,983
Realized (gain) loss, net on sale of available-for-sale marketable securities 74 (15)
Amortization of premiums on available-for-sale marketable securities 841 865
Unrealized foreign exchange loss 213 416
Loss on realization of investment in other company   404
Changes in operating assets and liabilities:    
Trade receivables (790) (2,318)
Prepaid expenses and other current assets 29 269
Accrued interest on bank deposits (42) (303)
Deferred tax, net (712) (565)
Trade payables 21 (335)
Deferred revenues 364 1,584
Accrued expenses and other payables (169) (270)
Accretion of contingent consideration 97  
Accrued payroll and related benefits (413) 39
Income taxes payable (277) 287
Excess tax benefit from equity-based compensation (112)  
Accrued severance pay, net 172 58
Net cash provided by operating activities 7,812 6,068
Cash flows from investing activities:    
Acquisition of subsidiary, net of cash acquired (see note 3)   (13,489)
Purchase of property and equipment (1,173) (758)
Investment in bank deposits (46,328) (39,564)
Proceeds from bank deposits 47,451 25,341
Investment in available-for-sale marketable securities (26,195) (24,368)
Proceeds from maturity of available-for-sale marketable securities 3,989 1,583
Proceeds from sale of available-for-sale marketable securities 20,883 50,767
Proceeds from realization of investment in other company 111 1,011
Net cash provided by (used in) investing activities (1,262) 523
Cash flows from financing activities:    
Payment of contingent consideration (see note 3) (3,700)  
Purchase of treasury stock (8,156) (18,657)
Proceeds from exercise of stock-based awards 5,382 2,377
Excess tax benefit from equity-based compensation 112  
Net cash used in financing activities (6,362) (16,280)
Effect of exchange rate movements on cash (38) (386)
Increase (decrease) in cash and cash equivalents 150 (10,075)
Cash and cash equivalents at the beginning of the period 16,166 24,117
Cash and cash equivalents at the end of the period 16,316 14,042
Cash paid during the period for:    
Income and withholding taxes, net of refunds $ 1,693 $ 734