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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 29,979 $ 22,803
Short-term bank deposits 58,838 56,915
Marketable securities 67,293 64,867
Trade receivables (net of allowance for credit losses of $1,775 at June 30, 2020 and $327 at December 31, 2019) 19,781 28,307
Prepaid expenses and other current assets 6,585 5,660
Total current assets 182,476 178,552
Long-term assets:    
Bank deposits 1,336 5,368
Severance pay fund 9,697 9,881
Deferred tax assets, net 13,068 10,605
Property and equipment, net 7,843 7,879
Operating lease right-of-use assets 10,260 11,066
Goodwill 51,070 51,070
Intangible assets, net 12,126 13,424
Investments in non-marketable equity securities 936 936
Other long-term assets 7,494 8,240
Total long-term assets 113,830 118,469
Total assets 296,306 297,021
Current liabilities:    
Trade payables 1,290 701
Deferred revenues 3,821 3,642
Accrued expenses and other payables 3,330 3,748
Accrued payroll and related benefits 14,405 15,894
Operating lease liabilities 2,232 2,393
Total current liabilities 25,078 26,378
Long-term liabilities:    
Accrued severance pay 10,541 10,551
Operating lease liabilities 7,547 8,273
Other accrued liabilities 759 662
Total long-term liabilities 18,847 19,486
Stockholders’ equity:    
Preferred Stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding 0 0
Common Stock: $0.001 par value: 45,000,000 shares authorized; 23,595,160 shares issued at June 30, 2020 (unaudited) and December 31, 2019. 22,036,712 and 21,839,369 shares outstanding at June 30, 2020 (unaudited) and December 31, 2019, respectively 22 22
Additional paid in-capital 228,494 228,005
Treasury stock at cost (1,558,448 and 1,755,791 shares of common stock at June 30, 2020 (unaudited) and December 31, 2019, respectively) (35,197) (39,390)
Accumulated other comprehensive income 433 94
Retained earnings 58,629 62,426
Total stockholders’ equity 252,381 251,157
Total liabilities and stockholders’ equity $ 296,306 $ 297,021