General (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The Company adjusted its consolidated financial statements from amounts previously reported due to the adoption of Topic 606. Select consolidated statement of operations, consolidated balance sheet and consolidated statement of cash flows, which reflect the adoption of the new standard are as follows:

	Three Months Ended June 30, 2017
	As Reported			Adjustments			As Adjusted
Revenues:
License revenues	$	28,420		$	(1,110	)	$	27,310
Maintenance and service revenues	21,754			367			22,121
Total revenues	50,174			(743		)	49,431
Cost of revenues	4,878			3			4,881
Gross profit	45,296			(746		)	44,550
Operating costs and expenses:
Research and development	11,498			—			11,498
Sales and marketing	32,560			20			32,580
General and administrative	6,582			(3		)	6,579
Total operating expenses	50,640			17			50,657
Operating loss	(5,344		)	(763		)	(6,107		)
Financial income, net	950			—			950
Loss before income taxes	(4,394		)	(763		)	(5,157		)
Income taxes	(641		)	61			(580		)
Net loss	$	(5,035	)	$	(702	)	$	(5,737	)

	Six Months Ended June 30, 2017
	As Reported			Adjustments			As Adjusted
Revenues:
License revenues	$	47,575		$	(2,173	)	$	45,402
Maintenance and service revenues	42,979			643			43,622
Total revenues	90,554			(1,530		)	89,024
Cost of revenues	9,550			24			9,574
Gross profit	81,004			(1,554		)	79,450
Operating costs and expenses:
Research and development	21,907			—			21,907
Sales and marketing	63,371			123			63,494
General and administrative	12,095			(7		)	12,088
Total operating expenses	97,373			116			97,489
Operating loss	(16,369		)	(1,670		)	(18,039		)
Financial income, net	1,419			—			1,419
Loss before income taxes	(14,950		)	(1,670		)	(16,620		)
Income taxes	(964		)	184			(780		)
Net loss	$	(15,914	)	$	(1,486	)	$	(17,400	)

	December 31, 2017 Balance Sheet Data
	As Reported			Adjustments			As Adjusted
Assets
Current assets:
Prepaid expenses and other current assets	$	7,130		$	7,216		$	14,346
Long-term assets:
Other assets	$	973		$	6,270		$	7,243
Liabilities and stockholders’ equity
Current liabilities:
Deferred revenues	$	73,891		$	(398	)	$	73,493
Long-term liabilities:
Deferred revenues	$	7,034		$	(426	)	$	6,608
Other liabilities	$	6,561		$	1,246		$	7,807
Stockholders’ equity:
Accumulated deficit	$	(122,454	)	$	13,064		$	(109,390	)

	Statement of Cash Flows Six Months Ended June 30, 2017
	As Reported			Adjustments			As Adjusted
Cash flows from operating activities
Net loss	$	(15,914	)	$	(1,486	)	$	(17,400	)
Amortization of deferred commissions	$	—		$	6,041		$	6,041
Deferred commissions	$	—		$	(5,902	)	$	(5,902	)
Deferred revenues	$	(694	)	$	1,532		$	838
Other long term liabilities	$	(547	)	$	(185	)	$	(732	)
Net cash provided by operating activities	$	7,384		$	—		$	7,384

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Derivative instruments measured at fair value and their classification on the consolidated balance sheets are presented in the following table (in thousands):

	Liabilities as of June 30, 2018 (unaudited)					Assets as of December 31, 2017
	Notional Amount		Fair Value			Notional Amount		Fair Value
Foreign exchange forward contract derivatives in cash flow hedging relationships - included in other current assets and accrued expenses and other short term liabilities	$	35,290	$	(2,913	)	$	1,746	$	163

Cash, Cash Equivalents and Investments

Cash, cash equivalents and short-term investments consist of the following (in thousands):

	As of June 30, 2018
	(unaudited)
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized   Loss			Fair Value
Cash and cash equivalents
Cash	$	66,535	$	—	$	—		$	66,535
Money market funds	7,101		—		—			7,101
Total	$	73,636	$	—	$	—		$	73,636
Short-term investments
US Treasury securities	$	39,835	$	1	$	(16	)	$	39,820
Term bank deposits	45,225		—		—			45,225
Total	$	85,060	$	1	$	(16	)	$	85,045

All the US Treasury securities in short-term investments have a stated effective maturity of less than 12 months as of June 30, 2018.

	As of December 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized   Loss			Fair Value
Cash and cash equivalents
Cash	$	49,819	$	—	$	—		$	49,819
Money market funds	6,870		—		—			6,870
Total	$	56,689	$	—	$	—		$	56,689
Short-term investments
US Treasury securities	$	39,758	$*)		$	(27	)	$	39,731
Term bank deposits	40,137		—		—			40,137
Total	$	79,895	$*)		$	(27	)	$	79,868

*) Represents an amount lower than $1

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash and cash equivalents, and long term restricted cash reported within the consolidated balance sheets that sum to the total of such amounts in the consolidated statements of cash flows:

	June 30, 2018		June 30, 2017
Cash and cash equivalents	$	73,636	$	53,539
Long term restricted cash included in other assets	520		537
Cash, cash equivalents and long term restricted cash shown in the consolidated statement of cash flows	$	74,156	$	54,076