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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Licensing and related revenue $ 7,456 $ 8,600 $ 23,576 $ 24,108
Royalties 10,390 7,635 27,881 19,320
Total revenues 17,846 16,235 51,457 43,428
Cost of revenues 1,422 1,281 4,453 4,016
Gross profit 16,424 14,954 47,004 39,412
Operating expenses:        
Research and development, net 7,346 6,571 23,071 21,175
Sales and marketing 2,763 2,384 8,463 7,358
General and administrative 2,218 2,183 6,286 5,821
Amortization of intangible assets 309 325 927 974
Total operating expenses 12,636 11,463 38,747 35,328
Operating income 3,788 3,491 8,257 4,084
Financial income, net 615 401 1,617 643
Income before taxes on income 4,403 3,892 9,874 4,727
Income taxes 1,015 583 1,975 764
Net income $ 3,388 $ 3,309 $ 7,899 $ 3,963
Basic net income per share $ 0.16 $ 0.16 $ 0.38 $ 0.19
Diluted net income per share $ 0.15 $ 0.16 $ 0.37 $ 0.19
Weighted-average shares used to compute net income per share:        
Basic 21,025 20,448 20,718 20,477
Diluted 21,883 20,811 21,395 20,918