XML 53 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 1,485 $ 4,598 $ 4,403
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation 560 545 520
Compensation related to options granted to employees and non-employees 1,287 1,213 1,496
Amortization and impairment of intangible assets 589 1,005 158
Increase in deferred income taxes (806) (1,385) (1,096)
Capital gain from sale of equipment     (9)
Changes in assets and liabilities:      
Decrease (increase) in trade receivables (2,194) 130 (1,036)
Decrease (increase) in prepaid expenses and other accounts receivable (541) (79) 287
Increase in accounts payable 300 17 138
Increase in employees and payroll accruals, accrued expenses and other liabilities (861) 981 163
Decrease in deferred revenues (164) (390) (697)
Increase (decrease) in accrued severance pay, net (2) 66 (10)
Net cash provided by (used in) operating activities (347) 6,701 4,317
Cash flows from investing activities:      
Decrease (Increase) in long-term lease deposits (17) 1 22
Payment for business acquisitions, net of cash acquired (10,243)   (4,600)
Investment in affiliate (176)    
Proceeds from sale of equipment     9
Purchase of property and equipment (805) (526) (568)
Net cash used in investing activities (11,241) (525) (5,137)
Cash flows from financing activities:      
Purchase of treasury shares at cost (1,720)   (3,820)
Contingent payment of acquisition (3,400)    
Proceeds from options and warrants exercised 890 1,260 797
Net cash provided by (used in) financing activities (4,230) 1,260 (3,023)
Increase (decrease) in cash and cash equivalents (15,818) 7,436 (3,843)
Effect of exchange rate changes on cash 87    
Cash and cash equivalents at the beginning of the year 20,868 13,432 17,275
Cash and cash equivalents at the end of the year 5,137 20,868 13,432
Cash paid during the period for:      
Taxes paid 148 67  
Non-cash transactions:      
Purchase of property and equipment - trade payables $ (48) $ (16) $ (55)