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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 30,986 $ 38,389
Restricted cash 1,221 1,216
Short-term bank deposits 16,872 23,234
Accounts receivable (net of allowance of $417 and $1,076 at December 31, 2019 and June 30, 2020, respectively) 35,862 49,098
Prepaid expenses and other current assets 3,369 3,170
Total Current Assets 88,310 115,107
Long-Term Assets:    
Property and equipment, net 8,611 10,918
Operating lease right-of-use assets 20,725 22,429
Intangible assets, net 17,199 2,635
Goodwill 149,170 125,809
Deferred taxes 5,872 6,171
Other assets 582 708
Total Long-Term Assets 202,159 168,670
Total Assets 290,469 283,777
Current Liabilities:    
Accounts payable 36,601 47,681
Accrued expenses and other liabilities 14,873 18,414
Short-term operating lease liability 3,806 3,667
Short-term loans and current maturities of long-term 8,333 8,333
Deferred revenues 3,938 4,188
Short-term payment obligation related to acquisitions 13,946 1,025
Total Current Liabilities 81,497 83,308
Long-Term Liabilities:    
Long-term debt, net of current maturities 4,167 8,333
Payment obligation related to acquisition 12,067
Long-term operating lease liability 18,386 20,363
Other long-term liabilities 6,025 6,591
Total Long-Term Liabilities 40,645 35,287
Total Liabilities 122,142 118,595
Shareholders' Equity:    
Ordinary shares of ILS 0.03 par value - Authorized: 43,333,333 shares; Issued: 26,357,798 and 26,782,158 as of December 31, 2019 and June 30, 2020, respectively; Outstanding: 26,242,459 and 26,666,819 shares as of December 31, 2019 and June 30, 2020, respectively 218 213
Additional paid-in capital 246,888 243,211
Treasury shares at cost (115,339 shares as of December 31, 2019 and June 30, 2020) (1,002) (1,002)
Accumulated other comprehensive gain 498 130
Accumulated deficit (78,275) (77,370)
Total Shareholders' Equity 168,327 165,182
Total Liabilities and Shareholders' Equity $ 290,469 $ 283,777