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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Net cash provided by operating activities $ 3,091 $ 4,760
Investing activities    
Purchases of marketable securities (15,375) (26,112)
Proceeds from maturity of marketable securities 9,388 21,500
Investment in short-term deposits (3,000)
Proceeds from sales of marketable securities 8,578 7,987
Purchases of property and equipment (625) (1,012)
Increase in restricted deposits (20)
Net cash provided by (used in) investing activities (1,054) 2,363
Financial activities    
Purchase of treasury stock (2,629) (3,737)
Issuance of treasury stock upon exercise of stock options 681 666
Net cash used in financing activities (1,948) (3,071)
Increase in cash and cash equivalents 89 4,052
Erosion due to exchange rate differences 21 52
Cash and cash equivalents at the beginning of the period 17,752 13,704
Cash and cash equivalents at the end of the period $ 17,862 $ 17,808