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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 22,067 $ 22,803
Short-term bank deposits 41,158 56,915
Marketable securities 78,506 64,867
Trade receivables (net of allowance for credit losses of $1,775 at September 30, 2020 and $327 at December 31, 2019) 28,979 28,307
Prepaid expenses and other current assets 6,888 5,660
Total current assets 177,598 178,552
Long-term assets:    
Bank deposits 11,376 5,368
Severance pay fund 9,624 9,881
Deferred tax assets, net 12,317 10,605
Property and equipment, net 8,084 7,879
Operating lease right-of-use assets 10,824 11,066
Goodwill 51,070 51,070
Intangible assets, net 11,481 13,424
Investments in non-marketable equity securities 936 936
Other long-term assets 8,254 8,240
Total long-term assets 123,966 118,469
Total assets 301,564 297,021
Current liabilities:    
Trade payables 862 701
Deferred revenues 2,777 3,642
Accrued expenses and other payables 3,756 3,748
Accrued payroll and related benefits 15,991 15,894
Operating lease liabilities 2,505 2,393
Total current liabilities 25,891 26,378
Long-term liabilities:    
Accrued severance pay 10,328 10,551
Operating lease liabilities 7,960 8,273
Other accrued liabilities 814 662
Total long-term liabilities 19,102 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 September 30, 2020 (unaudited) and December 31, 2019. 22,233,443 and 21,839,369 shares outstanding at September 30, 2020 (unaudited) and December 31, 2019, respectively 22 22
Additional paid in-capital 230,032 228,005
Treasury stock at cost (1,361,717 and 1,755,791 shares of common stock at September 30, 2020 (unaudited) and December 31, 2019, respectively) (30,754) (39,390)
Accumulated other comprehensive income 361 94
Retained earnings 56,910 62,426
Total stockholders’ equity 256,571 251,157
Total liabilities and stockholders’ equity $ 301,564 $ 297,021