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Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 27,511 $ 21,285
Short-term bank deposits 10,433 6,114
Marketable securities 97,703 112,080
Trade receivables (net of allowance for credit losses of $313 as of both June 30, 2023 and December 31, 2022) 31,872 31,250
Prepaid expenses and other current assets 7,753 6,896
Total current assets 175,272 177,625
Long-term assets:    
Bank deposits 0 8,205
Severance pay fund 7,916 8,475
Deferred tax assets, net 8,936 8,599
Property and equipment, net 6,868 7,099
Operating lease right-of-use assets 9,836 10,283
Goodwill 76,771 74,777
Intangible assets, net 6,907 6,680
Investments in marketable equity securities 172 408
Other long-term assets 7,595 6,291
Total long-term assets 125,001 130,817
Total assets 300,273 308,442
Current liabilities:    
Trade payables 1,104 1,995
Deferred revenues 3,788 3,168
Accrued expenses and other payables 5,563 6,660
Accrued payroll and related benefits 12,777 18,473
Operating lease liabilities 2,895 2,982
Total current liabilities 26,127 33,278
Long-term liabilities:    
Accrued severance pay 8,702 9,064
Operating lease liabilities 6,239 6,703
Other accrued liabilities 621 526
Total long-term liabilities 15,562 16,293
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, 2023 and December 31, 2022. 23,539,104 and 23,215,439 shares outstanding at June 30, 2023 and December 31, 2022, respectively 24 23
Additional paid in-capital 244,250 242,841
Treasury stock at cost (56,056 and 379,721 shares of common stock at June 30, 2023, and December 31, 2022, respectively) (1,462) (9,904)
Accumulated other comprehensive loss (5,583) (6,249)
Retained earnings 21,355 32,160
Total stockholders’ equity 258,584 258,871
Total liabilities and stockholders’ equity $ 300,273 $ 308,442