XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents in the Condensed Consolidated Balance Sheets $ 17,082 $ 20,116
Short-term bank deposits 10,449 6,114
Marketable securities 104,181 112,080
Trade receivables (net of allowance for credit losses of $313 as of both September 30, 2023 and December 31, 2022) 31,063 29,830
Prepaid expenses and other current assets 6,828 6,789
Current assets of discontinued operation 1,659 2,696
Total current assets 171,262 177,625
Long-term assets:    
Bank deposits 0 8,205
Severance pay fund 6,411 8,475
Deferred tax assets, net 9,989 8,484
Property and equipment, net 6,733 6,624
Operating lease right-of-use assets 7,973 8,485
Goodwill 58,308 56,794
Intangible assets, net 3,245 2,392
Investments in marketable equity securities 332 408
Other long-term assets 7,993 6,291
Long-term assets of discontinued operation 23,741 24,659
Total long-term assets 124,725 130,817
Total assets 295,987 308,442
Current liabilities:    
Trade payables 1,221 1,859
Deferred revenues 3,994 3,098
Accrued expenses and other payables 5,462 6,545
Accrued payroll and related benefits 11,785 17,504
Operating lease liabilities 2,569 2,680
Current liabilities of discontinued operation 655 1,592
Total current liabilities 25,686 33,278
Long-term liabilities:    
Accrued severance pay 7,131 9,064
Operating lease liabilities 4,590 5,207
Other accrued liabilities 575 526
Long-term liabilities of discontinued operation 1,305 1,496
Total long-term liabilities 13,601 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; 23,695,190 and 23,595,160 shares issued at September 30, 2023 and December 31, 2022, respectively. 23,560,445 and 23,215,439 shares outstanding at September 30, 2023 and December 31, 2022, respectively 24 23
Additional paid in-capital 248,743 242,841
Treasury stock at cost (134,745 and 379,721 shares of common stock at September 30, 2023, and December 31, 2022, respectively) (2,996) (9,904)
Accumulated other comprehensive loss (5,469) (6,249)
Retained earnings 16,398 32,160
Total stockholders’ equity 256,700 258,871
Total liabilities and stockholders’ equity $ 295,987 $ 308,442