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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (1,773) $ (5,434)
Adjustments required to reconcile net loss to net cash provided by operating activities:    
Depreciation 1,222 1,235
Equity-based compensation expenses related to employees’ stock options, SARs and RSUs 8,212 6,546
Realized gains from sale of marketable securities, net (22) (39)
Capital loss (gain) from sale and disposal of property and equipment 1 (48)
Amortization of intangible assets 1,197 636
Operating lease amortization expenses 1,855 1,778
Change in operating lease liability (2,094) (1,857)
Accrued interest and amortization of premium on marketable securities and deposits 840 284
Change in operating assets and liabilities:    
Deferred income tax assets and liabilities, net 697 (385)
Trade receivables, net (7,063) 4,130
Other accounts receivable and prepaid expenses 91 (601)
Inventories 2,052 (713)
Long-term prepaid expenses and lease deposits 390 (381)
Trade payables 554 (796)
Accrued compensation and benefits 4,767 565
Income tax accruals 48 373
Accrued expenses and other accounts payable 861 518
Accrued severance pay, net 142 93
Accrued pensions 10 29
Net cash provided by operating activities 11,987 5,933
Cash flows from investing activities:    
Purchase of marketable securities (25,893) (69,390)
Purchase of short-term deposits (13,000) (10,953)
Proceeds from maturity of marketable securities 19,818 46,924
Proceeds from sales of marketable securities 6,972 24,553
Proceeds from redemption of short-term deposits 9,500 7,953
Proceeds from sale of fixed assets 12 48
Purchases of property and equipment (931) (700)
Decrease (increase) in restricted deposits (34) 17
Acquisition of initially consolidated subsidiary (1) (13,944)
Other investing activities 172 0
Net cash used in investing activities (3,384) (15,492)
Cash flows from financing activities:    
Issuance of common stock and treasury stock upon exercise of stock options 853 1,477
Repayment of a short – term bank loan (211) (219)
Purchase of treasury stock (5,716) (3,736)
Net cash used in financing activities (5,074) (2,478)
Increase (decrease) in cash and cash equivalents 3,529 (12,037)
Cash and cash equivalents at the beginning of the year 16,936 28,737
Erosion due to exchange rate differences (43) (52)
Cash and cash equivalents at the end of the year $ 20,422 $ 16,648