XML 20 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Interim Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 5,041 $ 7,375
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,024 427
Write-down of obsolete inventory 123 231
Liability for employees' severance benefits, net 16 35
Discount of marketable securities 298 422
Share-based compensation expense 734 467
Deferred taxes (359) (225)
Changes in assets and liabilities:    
Accounts receivable - trade 3,255 310
Accounts receivable - other (1,623) 731
Inventories (5,951) 308
Trade accounts payable 1,893 (3,408)
Other accounts payable and accrued expenses 1,506 $ 212
Contingent consideration 404  
Net cash provided by operating activities 6,361 $ 6,885
Cash flows from investing activities    
Proceeds from short term bank deposits, net 4,000 $ 3,000
Proceeds from sale of PPE 49  
Purchases of PPE (1,791) $ (1,027)
Proceeds from maturity of marketable securities 10,200 10,000
Purchases of marketable securities (12,935) (9,990)
Net cash provided by (used in) investing activities (477) 1,983
Cash flows from financing activities    
Exercise of options 856 800
Dividend (7,274) (7,183)
Net cash used in financing activities (6,418) (6,383)
Effect of exchange rate changes on cash balances held 104 43
Increase (decrease) in cash and cash equivalents (430) 2,528
Cash and cash equivalents at beginning of period 17,890 12,997
Cash and cash equivalents at end of period 17,460 15,525
Supplementary cash flow information Non-cash transactions:    
Investments in PPE 223 $ 146
Transfers from inventories to PPE 276  
Cash paid during the period for:    
Income taxes $ 990 $ 845