XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Licensing and related revenue $ 14,021 $ 7,456 $ 33,893 $ 23,576
Royalties 10,023 10,390 32,013 27,881
Total revenues 24,044 17,846 65,906 51,457
Cost of revenues 1,726 1,422 5,030 4,453
Gross profit 22,318 16,424 60,876 47,004
Operating expenses:        
Research and development, net 10,031 7,346 30,413 23,071
Sales and marketing 3,057 2,763 9,422 8,463
General and administrative 2,711 2,218 7,388 6,286
Amortization of intangible assets 309 309 927 927
Total operating expenses 16,108 12,636 48,150 38,747
Operating income 6,210 3,788 12,726 8,257
Financial income, net 821 615 2,147 1,617
Income before taxes on income 7,031 4,403 14,873 9,874
Income taxes 1,181 1,015 1,008 1,975
Net income $ 5,850 $ 3,388 $ 13,865 $ 7,899
Basic net income per share $ 0.27 $ 0.16 $ 0.64 $ 0.38
Diluted net income per share $ 0.26 $ 0.15 $ 0.62 $ 0.37
Weighted-average shares used to compute net income per share        
Basic 21,946 21,025 21,687 20,718
Diluted 22,683 21,883 22,480 21,395