REVENUE (Tables)

12 Months Ended

Dec. 31, 2018

Revenue, Initial Application Period Cumulative Effect Transition [Abstract]

Summary of Cumulative Effect Adjustment of ASC 606 on Balance Sheet Accounts

The Company adopted ASC 606 effective January 1, 2018 using the modified retrospective method, applied to those contracts which were not substantially completed as of January 1, 2018. Such method provides that the cumulative effect from prior periods upon applying the new guidance be recognized in the consolidated balance sheets as of January 1, 2018, including an adjustment to accumulated deficit. A summary of such cumulative effect adjustment is as follows:

	Cumulative effect adjustment as of January 1, 2018
Increase in trade receivables, net	$	2,327
Increase in deferred commission costs		4,526
Decrease in deferred taxes, net		765
Decrease in deferred revenue		539
Decrease in accumulated deficit	$	6,627

Schedule of Impact of Adoption of ASC 606 on Consolidated Statements of Operations and Balance Sheets

The following table discloses the impact of the adoption of ASC 606 on the Company’s consolidated statements of operations and balance sheets:

	Year ended December 31, 2018
	As reported			Under previous standard			Effect of change higher (lower)
Revenues:
Software licenses	$	52,542		$	34,181		$	18,361
Maintenance and services		33,707			33,394			313
Total revenues		86,249			67,575			18,674
Operating expenses:
Cost of software licenses		891			891			-
Cost of maintenance and services		9,852			10,035			(183	)
Research and development		16,901			16,901			-
Selling and marketing		44,431			48,133			(3,702	)
General and administrative		6,629			6,629			-
Total operating expenses		78,704			82,589			(3,885	)
Operating income (loss)		7,545			(15,014	)		22,560
Financial income, net		336			336			-
Income (loss) before income taxes		7,881			(14,678	)		22,559
Taxes on income		(1,924	)		(1,337	)		(587	)
Net income (loss)	$	5,957		$	(16,015	)	$	21,972
Basic  net income (loss) per share	$	0.28		$	(0.76	)	$	(1.04	)
Diluted net income (loss) per share		0.27			(0.73	)		(1.00	)

	December 31, 2018
	As reported		Under previous  standard			Effect of change higher (lower)
Assets:
Trade receivables, net	$	19,742	$	13,622		$	6,120
Deferred commission cost		8,334		-			8,334
Liabilities:
Deferred revenue		17,188		32,685			(15,497	)
Deferred taxes, net		350		(1,002	)		1,352
Shareholders’ Equity:
Accumulated deficit	$	112,045	$	140,644		$	(28,599	)