| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income | ||||||||
15,560 | 11,429 | 1,011 | -76,479 | -47,478 | -23,391 | -53,654 | 14,062 | 3,655 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
9,205 | 10,037 | 12,203 | 13,498 | 15,645 | 15,030 | 14,393 | 4,712 | 3,283 |
Stock-based compensation expense | ||||||||
1,203 | 1,071 | 1,625 | 3,345 | 3,822 | 5,460 | 6,564 | 4,207 | 3,607 |
Impairment of long-lived assets | ||||||||
- | - | - | 2,367 | 2,559 | 0 | 0 | - | - |
Impairment of goodwill | ||||||||
- | - | - | 14,765 | 0 | 0 | - | - | - |
Other than temporary impairment and loss from sale of marketable securities | ||||||||
0 | 0 | 330 | 3,471 | 2,108 | 0 | - | - | - |
Accrued severance pay and pensions, net | ||||||||
3 | 28 | -1,188 | - | - | - | - | - | - |
Accrued severance pay and pensions, net | ||||||||
- | - | - | 787 | -1,422 | - | - | - | - |
Impairment of marketable securities | ||||||||
- | - | - | - | - | - | 0 | - | - |
Accrued severance pay and pensions, net | ||||||||
- | - | - | - | - | -488 | -1,125 | - | - |
Accrued severance pay and pensions, net | ||||||||
- | - | - | - | - | - | - | 358 | -379 |
Decrease in accrued interest and exchange rate on bank deposits | ||||||||
- | - | - | - | - | -84 | 271 | 276 | -73 |
Accrued interest and amortization of premium on marketable securities | ||||||||
- | - | - | - | -40 | -323 | 647 | 144 | 264 |
Increase in trade and other receivables, net | ||||||||
6,403 | -11,051 | -39,545 | 33,876 | -15,505 | 9,459 | 3,342 | 19,622 | -2,359 |
Decrease (increase) in other accounts receivable and prepaid expenses (including other long term assets) | ||||||||
259 | -4,747 | 1,291 | -11,283 | -2,767 | 2,294 | -6,782 | 7,607 | -2,365 |
Decrease (increase) in inventory, net of write off | ||||||||
8,592 | -4,706 | -10,240 | -1,792 | -401 | -27,210 | -40,643 | -4 | 25,415 |
Decrease in deferred tax asset, net | ||||||||
-497 | -478 | -1,975 | -9,788 | -3,572 | 743 | 1,237 | 469 | 281 |
Increase (decrease) in trade payables and accrued liabilities | ||||||||
-1,474 | -9,193 | -11,119 | -16,300 | 3,023 | -7,274 | -13,847 | 3,347 | 1,806 |
Increase (decrease) in trade payables | ||||||||
4,836 | -2,355 | -28,444 | 25,155 | -24,067 | 24,986 | -3,753 | -11,670 | 12,813 |
Increase in deferred revenues | ||||||||
2,575 | -6,228 | -8,766 | 9,699 | -8,751 | -21,589 | -11,925 | 2,113 | 12,662 |
Net cash provided by (used in) operating activities | ||||||||
- | - | - | -32,279 | -29,512 | - | - | - | - |
Net cash provided by operating activities | ||||||||
17,151 | 25,771 | 16,121 | - | - | 7,209 | -20,125 | -10,697 | 16,812 |
Cash flow from investing activities: | ||||||||
Purchase of property and equipment | ||||||||
8,533 | 8,190 | 5,266 | 12,691 | 16,423 | 14,530 | 14,447 | 9,798 | 6,737 |
Purchase of intangible assets, net | ||||||||
1,407 | 0 | 0 | - | - | - | - | - | - |
Investment in bank deposits | ||||||||
996 | 153 | 19 | 36 | 679 | 1,266 | - | - | - |
Proceeds from maturities of short-term bank deposits | ||||||||
0 | 153 | 432 | 69 | 635 | 7,920 | - | - | - |
Payment of business acquired, net of cash (Schedule A) | ||||||||
- | - | - | - | - | - | 42,405 | 1,232 | - |
Investment in short and long-term bank deposits | ||||||||
- | - | - | - | - | - | -7,304 | -13,754 | -44,009 |
Proceeds from maturities of short and long-term bank deposits | ||||||||
- | - | - | - | - | - | 25,664 | 31,680 | 46,177 |
Investment in marketable securities | ||||||||
- | - | - | - | 7,867 | 64 | 0 | 18,339 | 4,703 |
Proceeds from maturities of marketable securities | ||||||||
- | - | - | - | - | - | 4,258 | 16,591 | 1,754 |
Proceeds from sale of marketable securities | ||||||||
0 | 0 | 122 | 5,161 | 513 | 9,781 | 6,201 | - | - |
Net cash used in investing activities | ||||||||
- | - | - | -7,497 | -23,821 | - | - | - | - |
Proceeds from realized callable held-to-maturity marketable security | ||||||||
- | - | - | - | - | - | - | - | 10,000 |
Net cash used in investing activities | ||||||||
-10,936 | -8,190 | -4,731 | - | - | 1,841 | -28,033 | 5,148 | 2,482 |
Cash flow from financing activities: | ||||||||
Proceeds from issuance of shares, net | ||||||||
- | - | - | 45,149 | 34,959 | 0 | 0 | - | - |
Purchase of treasury shares at cost | ||||||||
- | - | - | - | - | - | - | - | 12,168 |
Proceeds from share options exercise | ||||||||
294 | 75 | 138 | 0 | 1,145 | 736 | 4,474 | 4,935 | 2,989 |
Proceeds and loans from financial institutions | ||||||||
0 | 0 | 4,200 | 22,691 | 23,690 | - | - | - | - |
Proceeds and loans from financial institutions | ||||||||
- | - | - | - | - | 27,000 | 35,000 | - | - |
Repayment of bank loans | ||||||||
17,000 | 17,922 | 20,182 | 29,012 | 10,234 | 18,232 | 0 | - | - |
Net cash provided by (used in) financing activities | ||||||||
- | - | - | 38,828 | 49,560 | - | - | - | - |
Net cash used in (provided by) financing activities | ||||||||
-16,706 | -17,847 | -15,844 | - | - | 9,504 | 39,474 | 4,935 | -9,179 |
Effect of exchange rate changes on cash | ||||||||
30 | 286 | -651 | -36 | -919 | -446 | -50 | - | - |
Increase (decrease) in cash and cash equivalents | ||||||||
-10,461 | 20 | -5,105 | -984 | -4,692 | 18,108 | -8,734 | -614 | 10,115 |
Purchase of property and equipment | ||||||||
- | - | - | - | - | - | 617 | 672 | 1,364 |
Cash paid during the year for income taxes | ||||||||
2,493 | 1,370 | 1,509 | 2,572 | 1,778 | 2,326 | 3,849 | 856 | 377 |
Cash paid during the year for interest | ||||||||
1,837 | 1,739 | 2,820 | - | - | - | - | - | - |
Cash paid during the year for interest | ||||||||
- | - | - | 3,541 | 2,597 | 2,113 | 1,029 | - | - |