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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 64,773 $ 31,503
Short-term and restricted bank deposits 6,416 12,381
Short-term marketable securities and accrued interest   19,602
Trade receivables (net of allowance for doubtful accounts of $570 and $790 at December 31, 2019 and 2018 respectively) 27,501 22,279
Other receivables and prepaid expenses 5,626 5,885
Inventories 28,275 22,620
Total current assets 132,591 114,270
LONG-TERM ASSETS:    
Long-term and restricted bank deposits 694 1,894
Deferred tax assets 20,466 4,350
Operating lease right-of-use assets 29,688  
Severance pay funds 19,370 17,518
Total long-term assets 70,218 23,762
PROPERTY AND EQUIPMENT, NET 4,392 3,865
INTANGIBLE ASSETS, NET 901 1,253
GOODWILL 36,222 36,222
Total assets 244,324 179,372
CURRENT LIABILITIES:    
Current maturities of long-term bank loans 2,473 2,487
Trade payables 6,628 6,188
Other payables and accrued expenses 24,692 22,541
Short-term royalty buyout liability (Note 12b) 10,750  
Deferred revenues 33,538 23,727
Short-term operating lease liabilities 8,579  
Total current liabilities 86,660 54,943
LONG-TERM LIABILITIES:    
Accrued severance pay 20,313 18,728
Long-term bank loans, net of current maturities 1,200 3,687
Long-term royalty buyout liability (Note 12b) 10,749  
Deferred revenues and other payables 9,831 7,466
Long-term operating lease liabilities 23,097  
Total long-term liabilities 65,190 29,881
COMMITMENTS AND CONTINGENT LIABILITIES (Note 12)
SHAREHOLDERS' EQUITY:    
Share capital: Ordinary shares of NIS 0.01 par value - Authorized: 100,000,000 shares as of December 31, 2019 and 2018; Issued: 59,040,697 and 58,002,942 shares as of December 31, 2019 and 2018, respectively; Outstanding: 29,569,083 and 29,091,176 shares as of December 31, 2019 and 2018, respectively 94 92
Additional paid-in capital 265,372 256,980
Treasury stock at cost - 29,471,614 and 28,911,766 shares as of December 31, 2019 and 2018, respectively (137,793) (129,792)
Accumulated other comprehensive loss   (276)
Accumulated deficit (35,199) (32,456)
Total shareholders' equity 92,474 94,548
Total liabilities and shareholders' equity $ 244,324 $ 179,372