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CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 7,411 $ 7,830
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,878 3,273
Accrued severance pay, net (117) (5)
Stock-based compensation expenses 185 297
Gain on sale of subsidiary's operation 0 (67)
Decrease (increase) in trade receivables, net (994) 1,156
Decrease (increase) in other long term and short term accounts receivable and prepaid expenses (71) 1,159
Increase in trade payables (470) 391
decrease in accrued expenses and other accounts payable (2,069) (2,532)
Increase in deferred revenues 4,212 4,451
Change in deferred income taxes, net 1,094 (437)
Net cash provided by operating activities 13,059 15,516
Cash flows from investing activities:    
Capitalized software development costs (2,516) (2,214)
Purchase of property and equipment (267) (240)
Cash paid in conjunction with acquisitions, net of acquired cash (5,531) (1,575)
Proceeds from maturity of marketable securities 0 400
Proceeds from sale of subsidiary's operation   67
Proceeds from short-term bank deposits 0 2,584
Change in loans to employees and other,net 0 38
Investment in short-term bank deposit 0 (859)
Net cash used in investing activities (8,314) (1,799)
Cash flows from financing activities:    
Proceeds from exercise of options by employees 272 295
Dividend paid (4,397) 0
Short-term credit, net 313 0
Purchase of non-controlling interest (75) 0
Repayment of long-term loans 0 14
Net cash provided by (used in) financing activities (3,887) 309
Effect of exchange rate changes on cash and cash equivalents (133) (337)
Increase in cash and cash equivalents 725 13,689
Cash and cash equivalents at the beginning of the year 37,744 28,711
Cash and cash equivalents at end of the year 38,469 42,400
Supplementary information on investing and financing activities not involving cash flows:    
Deferred acquisition payment 1,795 1,375
Contingent acquisition payment 3,812 750
Supplemental disclosure of cash flow activities:    
Income taxes 310 452
Interest $ 2 $ 7