XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 24,483 $ 21,285
Short-term bank deposits 6,164 6,114
Marketable securities 106,142 112,080
Trade receivables (net of allowance for credit losses of $313 as of both March 31, 2023 and December 31, 2022) 35,007 31,250
Prepaid expenses and other current assets 8,766 6,896
Total current assets 180,562 177,625
Long-term assets:    
Bank deposits 8,280 8,205
Severance pay fund 8,183 8,475
Deferred tax assets, net 9,434 8,599
Property and equipment, net 6,696 7,099
Operating lease right-of-use assets 10,034 10,283
Goodwill 74,777 74,777
Intangible assets, net 6,003 6,680
Investments in marketable equity securities 291 408
Other long-term assets 6,874 6,291
Total long-term assets 130,572 130,817
Total assets 311,134 308,442
Current liabilities:    
Trade payables 1,820 1,995
Deferred revenues 4,006 3,168
Accrued expenses and other payables 7,280 6,660
Accrued payroll and related benefits 19,073 18,473
Operating lease liabilities 2,858 2,982
Total current liabilities 35,037 33,278
Long-term liabilities:    
Accrued severance pay 9,064 9,064
Operating lease liabilities 6,530 6,703
Other accrued liabilities 633 526
Total long-term liabilities 16,227 16,293
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: 45,000,000 shares authorized; 23,595,160 shares issued at March 31, 2023 and December 31, 2022. 23,416,026 and 23,215,439 shares outstanding at March 31, 2023 and December 31, 2022, respectively 23 23
Additional paid in-capital 243,141 242,841
Treasury stock at cost (179,134 and 379,721 shares of common stock at March 31, 2023, and December 31, 2022, respectively) (4,672) (9,904)
Accumulated other comprehensive loss (5,910) (6,249)
Retained earnings 27,288 32,160
Total stockholders’ equity 259,870 258,871
Total liabilities and stockholders’ equity $ 311,134 $ 308,442