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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Revenues $ 87,152 $ 77,877 $ 87,507
Cost of revenues 10,106 7,951 6,953
Gross profit 77,046 69,926 80,554
Operating expenses:      
Research and development, net 52,843 47,755 40,385
Sales and marketing 12,363 12,161 12,572
General and administrative 11,841 10,354 10,488
Amortization of intangible assets (Note 7) 1,923 901 1,236
Total operating expenses 78,970 71,171 64,681
Operating income (loss) (1,924) (1,245) 15,873
Financial income, net (Note 13) 3,291 3,418 3,026
Revaluation of investment in other company (Note 13) 0 (870) 0
Income before taxes on income 1,367 1,303 18,899
Taxes on income (Note 14) 1,339 729 1,871
Net income $ 28 $ 574 $ 17,028
Basic net earnings per share (in dollars per share) $ 0 $ 0.03 $ 0.78
Diluted net earnings per share (in dollars per share) $ 0 $ 0.03 $ 0.75
Weighted average shares used to compute net earnings per share (in thousands):      
Basic (in shares) 21,932 22,034 21,771
Diluted (in shares) 22,323 22,503 22,561
License [Member]      
Revenues:      
Revenues $ 47,890 $ 40,446 $ 42,899
Royalty [Member]      
Revenues:      
Revenues $ 39,262 $ 37,431 $ 44,608