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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net income (loss) $ (2,379) $ 28 $ 574
Adjustments required to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 3,233 3,104 2,915
Amortization of intangible assets 2,588 2,165 1,242
Equity-based compensation 13,636 10,718 10,367
Realized loss, net on sale of available-for-sale marketable securities 6 28 67
Amortization of premiums on available-for-sale marketable securities 444 554 773
Unrealized foreign exchange (gain) loss, net (591) 249 155
Revaluation of investment in non-marketable equity securities 0 (0) 870
Changes in operating assets and liabilities:      
Trade receivables, net (2,917) (2,151) (463)
Prepaid expenses and other assets (559) (4,170) (3,855)
Operating lease right-of-use assets 2,014 (1,281) 0
Accrued interest on bank deposits 1,186 (161) (557)
Deferred taxes, net (335) (3,594) (2,187)
Trade payables 186 53 226
Deferred revenues (1,208) 85 (806)
Accrued expenses and other payables 133 (131) (493)
Accrued payroll and related benefits 1,803 3,056 (527)
Operating lease liability (2,183) 1,166 0
Income taxes payable 143 (53) 96
Accrued severance pay, net (37) 9 215
Net cash provided by operating activities 15,163 9,674 8,612
Cash flows from investing activities:      
Acquisition of business combination 0 (11,000) 0
Purchase of property and equipment (2,935) (3,461) (3,319)
Purchase of intangible assets 0 (7,364) (1,960)
Investment in bank deposits (43,893) (39,346) (21,596)
Proceeds from bank deposits 55,393 45,435 32,892
Investment in available-for-sale marketable securities (56,011) (27,184) (19,666)
Proceeds from maturity of available-for-sale marketable securities 21,956 3,888 10,122
Proceeds from sale of available-for-sale marketable securities 10,272 36,589 13,354
Net cash provided by (used in) investing activities (15,218) (2,443) 9,827
Cash flows from financing activities:      
Purchase of treasury stock (4,780) (9,113) (20,008)
Payment of contingent consideration liability (204) 0 0
Proceeds from exercise of stock-based awards 2,871 2,437 2,249
Net cash used in financing activities (2,113) (6,676) (17,759)
Effect of exchange rate changes on cash and cash equivalents 508 (12) (159)
Increase (decrease) in cash and cash equivalents (1,660) 543 521
Cash and cash equivalents at the beginning of the year 22,803 22,260 21,739
Cash and cash equivalents at the end of the year 21,143 22,803 22,260
Supplemental information of cash-flows activities:      
Income and withholding taxes 4,727 5,063 4,294
Cumulative effect of adoption of new accounting standard 0 0 8,555
Property and equipment purchases incurred but unpaid at period end 5 21 14
Intangible assets purchased but unpaid at period end 0 0 750
Right-of-use assets obtained in the exchange for operating lease liabilities $ 6,787 $ 2,493 $ 0