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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (3,014) $ (3,034)
Adjustments required to reconcile net loss to net cash provided by operating activities:    
Depreciation 2,398 2,274
Amortization of intangible assets 1,943 1,412
Equity-based compensation 10,070 7,847
Realized loss, net on sale of available-for-sale marketable securities 15 38
Amortization of premiums on available-for-sale marketable securities 309 427
Unrealized foreign exchange (gain) loss (532) 461
Changes in operating assets and liabilities:    
Trade receivables (672) (657)
Prepaid expenses and other assets (947) (1,458)
Operating lease right-of-use assets 242 (903)
Accrued interest on bank deposits 758 (945)
Deferred tax, net (1,779) (3,856)
Trade payables 100 689
Deferred revenues (865) 1,209
Accrued expenses and other payables (43) (257)
Accrued payroll and related benefits 287 251
Operating lease liability (202) 823
Income taxes payable 247 (63)
Accrued severance pay, net 25 60
Net cash provided by operating activities 8,340 4,318
Cash flows from investing activities:    
Acquisition of business (204) (11,000)
Purchase of property and equipment (2,541) (2,664)
Purchase of intangible assets 0 (10,140)
Investment in bank deposits (20,393) (13,346)
Proceeds from bank deposits 29,393 20,165
Investment in available-for-sale marketable securities (41,887) (18,738)
Proceeds from maturity of available-for-sale marketable securities 17,192 3,888
Proceeds from sale of available-for-sale marketable securities 11,096 22,561
Net cash used in investing activities (7,344) (9,274)
Cash flows from financing activities:    
Purchase of treasury stock (4,780) (4,861)
Proceeds from exercise of stock-based awards 2,871 2,437
Net cash used in financing activities (1,909) (2,424)
Effect of exchange rate changes on cash and cash equivalents 177 (29)
Decrease in cash and cash equivalents (736) (7,409)
Cash and cash equivalents at the beginning of the period 22,803 22,260
Cash and cash equivalents at the end of the period 22,067 14,851
Supplemental information of cash-flow activities:    
Income and withholding taxes 4,048 3,845
Non-cash transactions:    
Property and equipment purchases incurred but unpaid at period end 62 0
Right-of-use assets obtained in the exchange for operating lease liabilities $ 1,253 $ 1,881