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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 1,985 $ 1,705
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation 162 154
Equity-based compensation 1,513 1,318
Realized loss (gain), net on sale of available-for-sale marketable securities 1 (143)
Amortization of premiums on available-for-sale marketable securities 298 380
Accrued interest on bank deposits 116 (352)
Unrealized foreign exchange loss 1 43
Changes in operating assets and liabilities:    
Decrease (increase) in trade receivables 2,564 (1,130)
Increase in prepaid expenses and other current assets (1,455) (1,293)
Decrease (increase) in deferred tax, net 108 (204)
Decrease in trade payables (455) (87)
Increase (decrease) in deferred revenues 177 (382)
Decrease in accrued expenses and other payables (298) (619)
Increase in accrued payroll and related benefits 166 1,033
Increase in income taxes payable 25 156
Excess tax benefit from equity-based compensation (179)  
Increase in accrued severance pay, net 70 91
Net cash provided by operating activities 4,799 670
Cash flows from investing activities:    
Purchase of property and equipment (77) (298)
Investment in bank deposits (21,389) (21,000)
Proceeds from bank deposits 21,000 18,444
Investment in available-for-sale marketable securities (10,084) (20,430)
Proceeds from maturity of available-for-sale marketable securities 700 3,916
Proceeds from sale of available-for-sale marketable securities 12,205 11,822
Investments in other company   (300)
Net cash provided by (used in) investing activities 2,355 (7,846)
Cash flows from financing activities:    
Purchase of Treasury Stock (4,127) (2,002)
Proceeds from exercise of stock-based awards 915 826
Excess tax benefit from equity-based compensation 179  
Net cash used in financing activities (3,033) (1,176)
Effect of exchange rate movements on cash (37) (70)
Increase (decrease) in cash and cash equivalents 4,084 (8,422)
Cash and cash equivalents at the beginning of the period 24,117 18,422
Cash and cash equivalents at the end of the period 28,201 10,000
Cash paid during the period for:    
Income and withholding taxes, net of refunds $ 289 $ 417