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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 4,030 $ 16,238 $ 366
Adjustments required to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,438 2,892 2,963
Amortization of marketable securities premiums and accretion of discounts, net 570 1,000 1,094
Realized loss (gain) on sale of marketable securities, net 0 (27) 13
Share-based compensation related to options and RSUs granted to employees and non-employees 2,307 2,414 2,373
Decrease in accrued interest on loans, marketable securities, convertible notes, and bank deposits 403 114 56
Decrease (increase) in deferred income tax assets 4,922 (9,475) 1,976
Decrease in trade receivables, net 3,389 174 5,575
Decrease (increase) in other receivables and prepaid expenses (1,316) 732 1,777
Decrease (increase) in inventories (230) 445 (2,013)
Increase (decrease) in trade payables (2,071) 406 (2,987)
Increase (decrease) in other payables and accrued expenses and other liabilities 1,714 (596) 2,394
Increase in deferred revenues 1,640 3,195 3,758
Increase (decrease) in accrued severance pay, net (31) 830 218
Net cash provided by operating activities 17,765 18,342 17,563
Cash flows from investing activities:      
Purchase of property and equipment (1,574) (1,477) (1,976)
Proceeds from sale of marketable securities 0 12,429 2,557
Decrease in short-term and restricted bank deposits 662 2,260 1,969
Proceeds from redemption of marketable securities upon maturity 8,116 3,215 2,711
Decrease (increase) in long-term bank deposits 1,200 (2,367) 1,032
Net cash paid for acquisition of a subsidiary 0 0 (1,960)
Net cash provided by investing activities 8,404 14,060 4,333
Cash flows from financing activities:      
Purchase of treasury stock (25,563) (29,394) (19,523)
Repayment of long-term bank loans (3,504) (5,353) (4,685)
Proceeds from bank loans 0 6,000 6,264
Payment related to the acquisition of Mailvision 0 (233) (233)
Proceeds from issuance of shares upon exercise of options and warrants 2,789 2,014 392
Net cash used in financing activities (26,278) (26,966) (17,785)
Increase (decrease) in cash and cash equivalents (109) 5,436 4,111
Cash and cash equivalents at the beginning of the year 24,344 18,908 14,797
Cash and cash equivalents at the end of the year 24,235 24,344 18,908
Supplemental disclosure of cash flow activities:      
Cash paid during the year for income taxes 741 612 301
Cash paid during the year for interest $ 297 $ 363 $ 329