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REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Estimated Revenue Expected to be Recognized in Future Related to Performance Obligations

The following table includes estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. The estimated revenues do not include amounts of royalties or unexercised contract renewals:

		Remainder of 2018				2019				2020				2021
License and related revenues		$	2,256			$	6,730			$	3,000			$	1,500

Summary of Disaggregated Revenue by Primary Geographical Market, Major Product Line and Timing

The following table provides information about disaggregated revenue by primary geographical market, major product line and timing of revenue recognition (in thousands):

		Nine months ended September 30, 2018 (unaudited)												Three months ended September 30, 2018 (unaudited)
		Licensing and related revenues				Royalties				Total				Licensing and related revenues				Royalties				Total
Primary geographical markets
United States		$	4,667			$	1,420			$	6,087			$	1,483			$	776			$	2,259
Europe and Middle East			3,286				8,019				11,305				534				5,605				6,139
Asia Pacific			21,954				17,130				39,084				7,769				5,246				13,015
Total		$	29,907			$	26,569			$	56,476			$	9,786			$	11,627			$	21,413
Major product/service lines
DSP products (DSP cores and platforms)		$	18,077			$	24,241			$	42,318			$	4,652			$	10,600			$	15,252
Connectivity products (Bluetooth, Wi-Fi and SATA/SAS)			11,830				2,328				14,158				5,134				1,027				6,161
Total		$	29,907			$	26,569			$	56,476			$	9,786			$	11,627			$	21,413
Timing of revenue recognition
Products transferred at a point in time		$	22,163			$	26,569			$	48,732			$	6,878			$	11,627			$	18,505
Products and services transferred over time			7,744				—				7,744				2,908				—				2,908
Total		$	29,907			$	26,569			$	56,476			$	9,786			$	11,627			$	21,413

Summary of Trade Receivables, Contract Assets and Contract Liabilities from Contracts with Customers

The following table provides information about trade receivables, contract assets and contract liabilities from contracts with customers (in thousands):

		September 30, 2018 (unaudited)
Trade receivables		$	7,577
Accrued revenues (short-term contract assets)			5,279
Accrued revenues (royalties)			11,177
Deferred revenues (short-term contract liabilities)			3,614

ASU 2014-09

Schedule of Changes in Accumulated Balances of Other Comprehensive Income (Loss), Net of Taxes

In accordance with ASC 606, the disclosure of the impact of adoption to the Company’s condensed consolidated statements of income and balance sheets was as follows:

		Nine months ended September 30, 2018 (unaudited)												Three months ended September 30, 2018 (unaudited)
		As reported				Balance without adopting ASC 606				Effect of change higher/(lower)				As reported				Balance without adopting ASC 606				Effect of change higher/(lower)
Revenues:
Licensing and related revenue		$	29,907			$	28,730			$	1,177			$	9,786			$	10,131			$	(345	)
Royalties			26,569				24,874				1,695				11,627				7,337				4,290
Total revenues			56,476				53,604				2,872				21,413				17,468				3,945
Cost of revenues			5,966				5,966				—				2,006				2,006				—
Gross profit			50,510				47,638				2,872				19,407				15,462				3,945
Operating expenses:
Sales and marketing			9,302				9,186				116				2,727				2,729				(2	)
Other operating expenses			44,625				44,625				—				14,528				14,528				—
Total operating expenses			53,927				53,811				116				17,255				17,257				(2	)
Operating income (loss)			(3,417	)			(6,173	)			2,756				2,152				(1,795	)			3,947
Financial income, net			2,535				2,535				—				831				831				—
Income (loss) before taxes on income			(882	)			(3,638	)			2,756				2,983				(964	)			3,947
Income taxes expenses (benefit)			847				657				190				440				(112	)			552
Net income (loss)		$	(1,729	)		$	(4,295	)		$	2,566			$	2,543			$	(852	)		$	3,395
Basic net income (loss) per share		$	(0.08	)		$	(0.19	)		$	0.12			$	0.12			$	(0.04	)		$	0.15
Diluted net income (loss) per share		$	(0.08	)		$	(0.19	)		$	0.12			$	0.11			$	(0.04	)		$	0.15

		September 30, 2018 (unaudited)
		As reported				Balance without adopting ASC 606				Effect of change higher/(lower)
Assets:
Trade receivables		$	7,577			$	6,718			$	859
Accrued revenues		$	16,456			$	5,269			$	11,187
Prepaid expenses and other current assets		$	5,904			$	6,856			$	(952	)
Liabilities:
Deferred revenues		$	3,614			$	3,641			$	(27	)
Stockholders’ Equity:
Retained earnings		$	60,570			$	49,449			$	11,121

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