XML 23 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 18,909 $ 16,166
Short-term bank deposits 30,767 37,444
Marketable securities (Note 3) 48,266 47,833
Trade receivables (net of allowance for doubtful accounts of $25 at December 31, 2015 and December 31, 2014) 4,068 8,347
Prepaid expenses and other current assets 4,017 3,982
Total current assets 106,027 113,772
Long-term assets:    
Bank deposits 41,334 28,424
Severance pay fund 7,297 7,011
Deferred tax assets (Note 13) 1,628 1,263
Property and equipment, net (Note 5) 3,731 2,605
Goodwill (Note 6) 46,612 46,612
Intangible assets, net (Note 6) 4,214 5,512
Investments in other company 1,806 1,806
Total long-term assets 106,622 93,233
Total assets 212,649 207,005
Current liabilities:    
Trade payables 693 864
Deferred revenues 2,763 1,681
Accrued expenses and other payables (Note 7) 3,633 3,793
Contingent consideration (Note 2)   3,603
Accrued payroll and related benefits 11,894 10,054
Total current liabilities 18,983 19,995
Long-term liabilities:    
Accrued severance pay 7,571 7,096
Deferred tax liabilities (Note 13)   865
Total long-term liabilities $ 7,571 $ 7,961
Stockholders' equity (Note 8):    
Preferred stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding
Common stock: $0.001 par value: 60,000,000 shares authorized; 23,595,160 shares issued at December 31, 2014 and 2015; 20,252,490 and 20,529,933 shares outstanding at December 31, 2014 and 2015, respectively $ 21 $ 20
Additional paid in-capital 208,744 209,426
Treasury stock at cost (3,342,670 and 3,065,227 shares of common stock at December 31, 2014 and 2015, respectively) (51,798) (54,708)
Accumulated other comprehensive loss (Note 10) (419) (436)
Retained earnings 29,547 24,747
Total stockholders' equity 186,095 179,049
Total liabilities and stockholders' equity $ 212,649 $ 207,005