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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 22,260 $ 21,739
Short-term bank deposits 46,139 34,432
Marketable securities (Note 3) 77,469 82,664
Trade receivables 26,156 16,494
Prepaid expenses and other current assets 5,264 3,747
Total current assets 177,288 159,076
Long-term assets:    
Bank deposits 21,864 44,518
Severance pay fund 9,026 8,910
Deferred tax assets (Note 13) 5,924 3,643
Property and equipment, net (Note 5) 7,344 6,926
Goodwill 46,612 46,612
Intangible assets, net (Note 6) 2,700 1,742
Investments in other company 936 1,806
Other long-term assets 5,569 3,579
Total long-term assets 99,975 117,736
Total assets 277,263 276,812
Current liabilities:    
Trade payables 632 392
Deferred revenues 3,593 4,399
Accrued expenses and other payables (Note 7) 4,344 3,927
Accrued payroll and related benefits 13,183 14,077
Total current liabilities 21,752 22,795
Long-term liabilities:    
Accrued severance pay 9,632 9,347
Total long-term liabilities 9,632 9,347
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, 2017 and 2018; 22,064,007 and 21,787,860 shares outstanding at December 31, 2017 and 2018, respectively 22 22
Additional paid in-capital 223,250 217,417
Treasury stock at cost (1,531,153 and 1,807,300 shares of common stock at December 31, 2017 and 2018, respectively) (39,132) (26,056)
Accumulated other comprehensive loss (Note 10) (1,114) (586)
Retained earnings 62,853 53,873
Total stockholders’ equity 245,879 244,670
Total liabilities and stockholders’ equity $ 277,263 $ 276,812