INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 1,800	$ 486
Adjustments required to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	298	255
Amortization of intangible assets	309	325
Equity-based compensation	1,474	849
Realized loss, net on sale of available-for-sale marketable securities	30	13
Amortization of premiums on available-for-sale marketable securities	249	280
Unrealized foreign exchange (gain) loss	(6)	185
Changes in operating assets and liabilities:
Trade receivables	(2,637)	(3,029)
Prepaid expenses and other assets	(462)	(1,549)
Accrued interest on bank deposits	(272)	30
Deferred tax, net	(355)	(547)
Trade payables	716	428
Deferred revenues	(1,334)	397
Accrued expenses and other payables	293	(277)
Accretion of contingent consideration		48
Accrued payroll and related benefits	(540)	1,195
Income taxes payable	467	36
Accrued severance pay, net	206	203
Net cash provided by (used in) operating activities	236	(672)
Cash flows from investing activities:
Purchase of property and equipment	(411)	(377)
Investment in bank deposits		(22,095)
Proceeds from bank deposits	1,113	21,660
Investment in available-for-sale marketable securities	(15,434)	(3,363)
Proceeds from maturity of available-for-sale marketable securities	2,975	350
Proceeds from sale of available-for-sale marketable securities	6,408	2,783
Net cash used in investing activities	(5,349)	(1,042)
Cash flows from financing activities:
Payment of contingent consideration (see note 3)		(2,700)
Purchase of treasury stock	(3,417)	(1,917)
Proceeds from exercise of stock-based awards	912	4,152
Net cash used in financing activities	(2,505)	(465)
Effect of exchange rate changes on cash and cash equivalents	24	6
Decrease in cash and cash equivalents	(7,594)	(2,173)
Cash and cash equivalents at the beginning of the period	18,909	16,166
Cash and cash equivalents at the end of the period	11,315	13,993
Cash paid during the period for:
Income and withholding taxes, net of refunds	$ 311	$ 548