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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 45,500 $ 78,589
Investments, at fair value 367 367
Accounts receivable, net of allowance for doubtful accounts and billing adjustments of $408 and $455, respectively 2,571 2,925
Inventories 5,238 5,723
Deferred costs 1,884 2,097
Prepaid income taxes 1,552 2,747
Deposits and other current assets 2,097 2,655
Total current assets 59,209 95,103
Property and equipment, net 3,891 3,302
Intangible assets, net 32,529 6,687
Goodwill 47,485 32,304
Deferred tax assets, non-current 29,748 30,689
Deposits and other non-current assets 859 751
Total assets 173,721 168,836
Current liabilities:    
Accounts payable 3,663 1,086
Accrued expenses and other current liabilities 5,700 6,284
Deferred revenue, current portion 51,815 52,554
Total current liabilities 61,178 59,924
Deferred revenue, net of current portion [1] 49,134 50,146
Other non-current liabilities 12,328 11,098
Total liabilities $ 122,640 $ 121,168
Commitments and contingencies (Note 9)
Capital equity    
Ordinary shares, No par value; 100,000 shares authorized; 25,037 and 25,036 shares issued at March 31, 2016 and December 31, 2015, respectively $ 111,774 $ 111,773
Additional paid-in capital 13,617 14,573
Treasury stock (9,191 and 9,426 shares at March 31, 2016 and December 31, 2015, respectively) (123,138) (126,772)
Retained earnings 48,828 48,094
Total capital equity 51,081 47,668
Total liabilities and capital equity $ 173,721 $ 168,836
[1] Deferred revenues, non-current, is comprised entirely of deferred revenues originating from the sale of access right renewals.