XML 25 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, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ (53,654) $ 14,062 $ 3,655
Adjustments required to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 14,393 4,712 3,283
Stock-based compensation expense 6,564 4,207 3,607
Accrued severance pay, net and pensions (1,125) 358 (379)
Decrease (increase) in accrued interest and exchange rate on bank deposits (271) (276) 73
Accrued interest and amortization of premium on marketable securities 647 144 264
Decrease (increase) in trade receivables, net (3,342) (19,622) 2,359
Decrease (increase) in other accounts receivable and prepaid expenses 6,782 (7,607) 2,365
Decrease (increase) in inventories, net of write-off 40,643 4 (25,415)
Increase (decrease) in trade payables (3,753) (11,670) 12,813
Increase (decrease) in deferred revenues (11,925) 2,113 12,662
Increase in deferred tax asset, net (1,237) (469) (281)
Increase (decrease) in other accounts payable and accrued expenses (including other long term liabilities) (13,847) 3,347 1,806
Net cash provided by (used in) operating activities (20,125) (10,697) 16,812
Cash flows from investing activities:      
Purchase of property and equipment (14,447) (9,798) (6,737)
Payment of business acquired, net of cash (Schedule A) (42,405) (1,232)  
Investment in short and long-term bank deposits (7,304) (13,754) (44,009)
Proceeds from maturities of short and long-term bank deposits 25,664 31,680 46,177
Investment in marketable securities   (18,339) (4,703)
Proceeds from maturities of marketable securities 4,258 16,591 1,754
Proceeds from sale of marketable securities 6,201    
Proceeds from realized callable held-to-maturity marketable security     10,000
Net cash provided by (used in) investing activities (28,033) 5,148 2,482
Cash flows from financing activities:      
Purchase of treasury shares at cost     (12,168)
Change in long-term loans 35,000    
Proceeds from exercise of stock options 4,474 4,935 2,989
Net cash provided by (used in) financing activities 39,474 4,935 (9,179)
Effect of exchange rate changes on cash (50)    
Increase (decrease) in cash and cash equivalents (8,734) (614) 10,115
Cash and cash equivalents at the beginning of the year 37,725 38,339 28,224
Cash and cash equivalents at the end of the year 28,991 37,725 38,339
Supplemental disclosures of non cash financing and investing activities:      
Purchase of property and equipment 617 672 1,364
Supplemental disclosure of cash flow information:      
Cash paid during the year for income taxes 3,849 856 377
Cash paid during the year for interest 1,029    
Estimated net fair value of assets acquired and liabilities assumed at the date of acquisition was as follows:      
Working capital, net (excluding cash and cash equivalents) 44,551 132   
Property, plant and equipment 9,500 7   
Other long-term assets 8,581     
Goodwill and other intangible assets 31,358 1,093   
Deferred income taxes, net 3,550     
Long-term liabilities (55,135)     
Estimated net fair value of assets acquired and liabilities assumed $ 42,405 $ 1,232