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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 17,028 $ 13,100 $ 6,267
Adjustments required to reconcile net income to net cash provided by operating activities:      
Depreciation 2,014 1,399 1,058
Amortization of intangible assets 1,236 1,236 1,298
Equity-based compensation 8,693 6,236 4,015
Realized loss, net on sale of available-for-sale marketable securities   9 78
Amortization of premiums on available-for-sale marketable securities 1,179 1,064 1,111
Unrealized foreign exchange (gain) loss, net (42) 75 237
Changes in operating assets and liabilities:      
Trade receivables (1,446) (10,966) 4,279
Prepaid expenses and other assets (2,478) (622) (136)
Accrued interest on bank deposits 151 (195) (318)
Deferred tax, net (1,375) (613) (1,213)
Trade payables (184) (190) (161)
Deferred revenues (1,859) 3,495 1,082
Accrued expenses and other payables 1,259 (277) (158)
Accretion of contingent consideration     97
Accrued payroll and related benefits 1,807 (94) 1,679
Income taxes payable (1,493) 668 93
Excess tax benefit from equity-based compensation     (112)
Accrued severance pay, net (21) 134 184
Net cash provided by operating activities 24,469 14,459 19,380
Cash flows from investing activities:      
Purchase of property and equipment (4,135) (2,387) (2,184)
Investment in bank deposits (47,027) (41,476) (53,328)
Proceeds from bank deposits 44,450 37,594 47,451
Investment in available-for-sale marketable securities (54,882) (43,537) (29,800)
Proceeds from maturity of available-for-sale marketable securities 9,296 8,022 4,392
Proceeds from sale of available-for-sale marketable securities 23,512 20,754 23,713
Proceeds from realization of investment in other company     111
Net cash used in investing activities (28,786) (21,030) (9,645)
Cash flows from financing activities:      
Payment of contingent consideration     (3,700)
Purchase of Treasury Stock   (3,417) (10,078)
Proceeds from exercise of stock-based awards 7,487 9,615 6,713
Excess tax benefit from equity-based compensation     112
Net cash provided by (used in) financing activities 7,487 6,198 (6,953)
Effect of exchange rate changes on cash and cash equivalents 168 (135) (39)
Increase (decrease) in cash and cash equivalents 3,338 (508) 2,743
Cash and cash equivalents at the beginning of the year 18,401 18,909 16,166
Cash and cash equivalents at the end of the year 21,739 18,401 18,909
Supplemental information of cash-flows activities:      
Income and withholding taxes $ 5,203 3,287 $ 2,185
Property and equipment purchases incurred but unpaid at period end   $ 86