XML 20 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Licensing and related revenue $ 42,899 $ 31,874 $ 32,135
Royalties 44,608 40,779 27,364
Total revenues 87,507 72,653 59,499
Cost of revenues 6,953 6,086 5,424
Gross profit 80,554 66,567 54,075
Operating expenses:      
Research and development, net 40,385 30,838 28,113
Sales and marketing 12,572 11,540 10,168
General and administrative 10,488 8,567 8,184
Amortization of intangible assets (Note 5) 1,236 1,236 1,298
Total operating expenses 64,681 52,181 47,763
Operating income 15,873 14,386 6,312
Financial income, net (Note 11) 3,026 2,039 1,069
Income before taxes on income 18,899 16,425 7,381
Income taxes (Note 12) 1,871 3,325 1,114
Net income $ 17,028 $ 13,100 $ 6,267
Basic net income per share $ 0.78 $ 0.63 $ 0.31
Diluted net income per share $ 0.75 $ 0.61 $ 0.30
Weighted average shares used to compute net income per share (in thousands):      
Basic 21,771 20,850 20,480
Diluted 22,561 21,565 20,989