XML 25 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES:      
Sales of licenses $ 5,486 $ 6,553 $ 6,135
Services 13,759 13,333 11,439
Less stock- based compensation granted to a customer (332) 0 0
Revenues, Total 18,913 19,886 17,574
COST OF REVENUES      
Cost of sales of licenses 398 443 483
Cost of services 6,078 5,724 5,930
Cost of Revenue, Total 6,476 6,167 6,413
GROSS PROFIT 12,437 13,719 11,161
RESEARCH AND DEVELOPMENT EXPENSES 4,673 4,057 4,448
SELLING AND MARKETING EXPENSES 1,995 2,119 2,220
GENERAL AND ADMINISTRATIVE EXPENSES 1,834 1,555 2,324
IMPAIRMENT OF GOODWILL 0 586 0
IMPAIRMENT OF INTANGIBLE ASSETS 0 407 0
OPERATING INCOME 3,935 4,995 2,169
FINANCIAL INCOME (EXPENSES):      
AUCTION RATE SECURITIES SETTLEMENT 0 0 18,500
IMPAIRMENT OF AUCTION RATE SECURITIES 0 0 (941)
OTHER FINANCIAL INCOME - net 171 49 256
INCOME BEFORE TAXES ON INCOME 4,106 5,044 19,984
INCOME TAX EXPENSE (BENEFIT) (185) 188 197
NET INCOME FOR THE YEAR $ 4,291 $ 4,856 $ 19,787
EARNINGS PER ORDINARY SHARE -      
Basic and diluted (in dollars per share) $ 0.23 $ 0.26 $ 1.04
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES USED IN COMPUTATION OF EARNINGS PER ORDINARY SHARE - IN THOUSANDS      
Basic (in shares) 18,679 18,467 19,012
Diluted (in shares) 18,803 18,613 19,012