| 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 for the year | ||||||||
46,459 | 9,644 | 15,725 | 18,652 | 10,515 | 11,828 | 28,118 | 22,175 | 2,631 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||
Depreciation | ||||||||
3,618 | 4,049 | 4,597 | 3,951 | 3,522 | 2,783 | 1,700 | 1,260 | 1,254 |
Amortization of acquired intangible assets | ||||||||
2,561 | 2,545 | 5,023 | 0 | 0 | - | - | - | - |
Loss related to equipment | ||||||||
0 | 222 | 0 | 0 | 148 | 509 | 0 | 0 | - |
Stock-based compensation | ||||||||
2,779 | 2,735 | 2,674 | 2,124 | 2,095 | 1,927 | 1,435 | 710 | 454 |
Gain on securities | ||||||||
0 | 0 | 10 | -175 | 0 | 0 | - | - | - |
Change in deferred tax assets, net | ||||||||
-31 | 633 | -5,046 | -1,626 | 1,898 | 694 | -2,500 | 0 | 0 |
Increase in accrued severance pay, net | ||||||||
94 | 38 | 70 | -71 | 17 | -27 | 43 | 108 | -159 |
Decrease (increase) in trade accounts receivables, net | ||||||||
-1,677 | 23,580 | 1,959 | -12,381 | 10,585 | 3,960 | 240 | 1,617 | 8,762 |
Increase in inventories | ||||||||
6,858 | 1,670 | 1,949 | -2,226 | 1,783 | 10,513 | 1,056 | 7,526 | -2,695 |
Decrease (increase) in other current and long-term assets | ||||||||
2,245 | 2,180 | -370 | -408 | 1,234 | 467 | 305 | -197 | 421 |
Increase (decrease) in trade accounts payables | ||||||||
-747 | 2,123 | 1,604 | -4,038 | 4,517 | - | - | - | - |
Increase in other current and long-term liabilities | ||||||||
8,242 | 3,037 | 3,329 | 64 | 3,054 | - | - | - | - |
Increase (decrease) in trade accounts payables and other long term liabilities | ||||||||
- | - | - | - | - | 2,510 | -1,639 | 6,242 | 234 |
Increase in other current liabilities | ||||||||
- | - | - | - | - | 283 | 159 | 2,740 | 1,169 |
Increase (decrease) in short term deferred revenues | ||||||||
6,262 | -1,756 | 1,361 | -703 | -1,173 | 2,151 | -614 | 1,543 | -882 |
Net cash provided by (used in) operating activities | ||||||||
61,811 | -4,160 | 25,789 | 33,543 | 10,991 | 7,718 | 25,101 | 25,832 | -1,787 |
Cash flows from investment activities: | ||||||||
Decrease (increase) in short-term interest-bearing bank deposits | ||||||||
50,844 | 1,248 | -37,991 | 27,737 | 4,513 | 8,792 | 30,685 | - | - |
Decrease in long-term interest-bearing bank deposits | ||||||||
- | - | - | - | 345 | -140 | -86 | - | - |
Proceeds from (investments in) short-term held to maturity securities | ||||||||
- | - | - | - | - | - | 1,582 | - | - |
Proceeds from short-term available for sale securities | ||||||||
- | - | - | -1,617 | 1,845 | 0 | 0 | - | - |
Proceeds from short-term held for trading securities | ||||||||
0 | 0 | 2,005 | -1,942 | 0 | - | - | - | - |
Acquisition of subsidiary, net of acquired cash (Note 3) | ||||||||
0 | 0 | 45,344 | 0 | 0 | - | - | - | - |
Increase in short-term interest-bearing bank deposits | ||||||||
- | - | - | - | - | - | - | 26,955 | 8,510 |
Decrease (increase) in long-term interest-bearing bank deposits | ||||||||
- | - | - | - | - | - | - | -70 | - |
Proceeds from short-term held for maturity securities | ||||||||
- | - | - | - | - | 1,582 | - | 0 | - |
Investments in short-term held for trading securities | ||||||||
- | - | - | - | - | 0 | - | - | - |
Reimbursement from insurance claim | ||||||||
- | - | - | - | 219 | 0 | 0 | - | - |
Investments in short-term held to maturity securities | ||||||||
- | - | - | - | - | - | - | - | 0 |
Investment in long-term interest-bearing bank deposits | ||||||||
- | - | - | - | - | - | - | - | 17 |
Additions to property and equipment | ||||||||
6,295 | 3,133 | 4,373 | 5,234 | 4,119 | 3,660 | 2,307 | 1,565 | 403 |
Net cash used in investing activities | ||||||||
-57,139 | -4,381 | -9,721 | -33,296 | -10,603 | -10,730 | -34,488 | -28,590 | -8,930 |
Cash flows from financing activities: | ||||||||
Purchases of treasury shares | ||||||||
0 | 937 | 4,303 | 6,726 | 0 | 0 | - | - | - |
Shares issued in a public offering | ||||||||
- | - | - | - | - | - | - | 16,968 | 0 |
Shares issued under employee share-based plans | ||||||||
2,619 | 2,151 | 2,319 | 2,586 | 1,191 | 259 | 2,709 | 1,323 | 1,253 |
Net cash provided by (used in) financing activities | ||||||||
2,619 | 1,214 | -1,984 | -4,140 | 1,191 | 259 | 2,709 | 18,291 | 1,253 |
Increase (decrease) in cash and cash equivalents | ||||||||
7,291 | -7,327 | 14,084 | -3,893 | 1,579 | -2,753 | -6,678 | 15,533 | -9,464 |
Supplemental disclosure of cash flow information: | ||||||||
Cash paid during the year for income taxes | ||||||||
8,158 | 1,902 | 83 | 136 | - | - | - | - | - |
Transfer of assets from inventory to fixed assets, net of transfer from fixed assets to inventory | ||||||||
- | - | - | - | - | - | - | 626 | - |
Transfer of assets from inventory to fixed assets | ||||||||
- | - | - | - | - | - | - | - | 218 |