INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 14,042	$ 24,117
Short term bank deposits	58,126	41,947
Marketable securities	39,491	68,464
Trade receivables	8,289	5,629
Deferred tax assets	4,780	3,457
Prepaid expenses and other current assets	4,578	1,996
Total current assets	129,306	145,610
Long term bank deposits	16,592	17,066
Severance pay fund	7,258	7,215
Deferred tax assets	810	955
Property and equipment, net	2,171	1,616
Investments in other companies	1,806	3,367
Intangible assets, net	6,130
Goodwill	46,415	36,498
Total long-term assets	81,182	66,717
Total assets	210,488	212,327
Current liabilities:
Trade payables	1,159	1,085
Deferred revenues	2,315	623
Accrued expenses and other payables	6,558	2,882
Accrued payroll and related benefits	9,380	7,681
Income taxes payable, net	2,120	1,833
Deferred tax liabilities	553	73
Total current liabilities	22,085	14,177
Long term liabilities:
Accrued severance pay	7,351	7,255
Deferred tax liabilities	1,597
Total long-term liabilities	8,948	7,255
Stockholders' equity:
Preferred Stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding	0	0
Common Stock: $0.001 par value: 60,000,000 shares authorized; 23,595,160 shares issued at September 30, 2014 and December 31, 2013. 20,184,300 and 21,181,730 shares outstanding at September 30, 2014 and December 31, 2013, respectively	20	21
Additional paid in-capital	208,398	204,415
Treasury stock at cost (3,410,860 and 2,413,430 shares of common stock at September 30, 2014 and December 31, 2013, respectively)	(55,824)	(41,005)
Accumulated other comprehensive loss	(339)	(81)
Retained earnings	27,200	27,545
Total stockholders' equity	179,455	190,895
Total liabilities and stockholders' equity	$ 210,488	$ 212,327