XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 21,222 $ 23,287
Short-term bank deposits 10,662 10,556
Marketable securities 126,870 132,695
Trade receivables (net of allowance for credit losses of $288 at both March 31, 2024 and December 31, 2023) 33,635 30,307
Prepaid expenses and other current assets 13,378 12,526
Total current assets 205,767 209,371
Long-term assets:    
Severance pay fund 6,897 7,070
Deferred tax assets, net 1,239 1,609
Property and equipment, net 7,157 6,732
Operating lease right-of-use assets 6,704 6,978
Goodwill 58,308 58,308
Intangible assets, net 2,689 2,967
Investments in marketable equity securities 346 406
Other long-term assets 12,332 10,644
Total long-term assets 95,672 94,714
Total assets 301,439 304,085
Current liabilities:    
Trade payables 1,804 1,154
Deferred revenues 2,479 3,018
Accrued expenses and other payables 4,984 5,800
Accrued payroll and related benefits 14,854 14,402
Operating lease liabilities 2,634 2,513
Total current liabilities 26,755 26,887
Long-term liabilities:    
Accrued severance pay 7,339 7,524
Operating lease liabilities 3,525 3,943
Other accrued liabilities 1,471 1,390
Total long-term liabilities 12,335 12,857
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 shares issued at March 31, 2024 and December 31, 2023. 23,581,522 and 23,440,848 shares outstanding at March 31, 2024 and December 31, 2023, respectively 24 23
Additional paid in-capital 252,927 252,100
Treasury stock at cost (113,668 and 254,342 shares of common stock at March 31, 2024, and December 31, 2023, respectively) (2,528) (5,620)
Accumulated other comprehensive loss (2,720) (2,329)
Accumulated Other Comprehensive Income (Loss), Net of Tax (2,720) (2,329)
Retained earnings 14,646 20,167
Total stockholders’ equity 262,349 264,341
Total liabilities and stockholders’ equity $ 301,439 $ 304,085