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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 58,357 $ 56,780
Short-term investments 266,833 271,661
Accounts receivable, net 126,236 141,768
Inventories 75,347 65,523
Other current assets 23,007 17,346
Total current assets 549,780 553,078
Property and equipment, net 123,913 118,585
Severance assets 16,857 15,870
Intangible assets, net 267,375 278,031
Goodwill 471,228 471,228
Deferred taxes and other long-term assets 49,902 36,713
Total assets 1,479,055 1,473,505
Current liabilities:    
Accounts payable 63,452 59,533
Accrued liabilities 107,142 105,042
Deferred revenue 23,363 24,364
Current portion of term debt 14,225 23,628
Total current liabilities 208,182 212,567
Accrued severance 20,955 19,874
Deferred revenue 15,485 15,968
Term debt 208,673 218,786
Other long-term liabilities 31,517 30,580
Total liabilities 484,812 497,775
Commitments and Contingencies
Shareholders’ equity:    
Ordinary shares: NIS 0.0175 par value, 200,000 shares authorized, 49,690 and 49,076 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 212 209
Additional paid-in capital 801,835 774,605
Accumulated other comprehensive income (loss) 3,385 (928)
Retained earnings 188,811 201,844
Total shareholders’ equity 994,243 975,730
Total liabilities and shareholders' equity $ 1,479,055 $ 1,473,505