Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Nov. 04, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | CEVA INC | |
Entity Central Index Key | 0001173489 | |
Trading Symbol | ceva | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding (in shares) | 21,992,936 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock, $.001 per share |
Interim Condensed Consolidated
Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 14,851 | $ 22,260 |
Short term bank deposits | 56,991 | 46,139 |
Marketable securities | 70,462 | 77,469 |
Trade receivables | 26,813 | 26,156 |
Prepaid expenses and other current assets | 5,682 | 5,264 |
Total current assets | 174,799 | 177,288 |
Long-term assets: | ||
Bank deposits | 5,330 | 21,864 |
Severance pay fund | 9,732 | 9,026 |
Deferred tax assets, net | 10,891 | 5,924 |
Property and equipment, net | 7,891 | 7,344 |
Operating lease right-of-use assets | 10,688 | |
Goodwill | 51,070 | 46,612 |
Intangible assets, net | 17,353 | 2,700 |
Investments in other company | 936 | 936 |
Other long-term assets | 5,235 | 5,569 |
Total long-term assets | 119,126 | 99,975 |
Total assets | 293,925 | 277,263 |
Current liabilities: | ||
Trade payables | 1,319 | 632 |
Deferred revenues | 4,766 | 3,593 |
Accrued expenses and other payables | 4,003 | 4,344 |
Accrued payroll and related benefits | 13,164 | 13,183 |
Operating lease liabilities | 2,442 | |
Total current liabilities | 25,694 | 21,752 |
Long-term liabilities: | ||
Accrued severance pay | 10,447 | 9,632 |
Operating lease liabilities | 7,879 | |
Other accrued liabilities | 545 | |
Total long-term liabilities | 18,871 | 9,632 |
Stockholders’ equity: | ||
Preferred stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding | ||
Common stock: $0.001 par value: 60,000,000 shares authorized; 23,595,160 shares issued at June 30, 2019 (unaudited) and December 31, 2018. 21,893,128 and 21,787,860 shares outstanding at June 30, 2019 (unaudited) and December 31, 2018, respectively | 22 | 22 |
Additional paid in-capital | 225,483 | 223,250 |
Treasury stock at cost (1,610,982 and 1,807,300 shares of common stock at September 30, 2019 (unaudited) and December 31, 2018, respectively) | (35,492) | (39,132) |
Accumulated other comprehensive loss | (22) | (1,114) |
Retained earnings | 59,369 | 62,853 |
Total stockholders’ equity | 249,360 | 245,879 |
Total liabilities and stockholders’ equity | $ 293,925 | $ 277,263 |
Interim Condensed Consolidate_2
Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 2019 | Dec. 31, 2018 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 60,000,000 | 60,000,000 |
Common stock, shares issued (in shares) | 23,595,160 | 23,595,160 |
Common stock, shares outstanding (in shares) | 21,984,178 | 21,787,860 |
Treasury stock, shares (in shares) | 1,610,982 | 1,807,300 |
Interim Condensed Consolidate_3
Interim Condensed Consolidated Statements of Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Revenues: | ||||
Revenues | $ 23,471 | $ 21,413 | $ 58,840 | $ 56,476 |
Cost of revenues | 2,767 | 2,006 | 7,283 | 5,966 |
Gross profit | 20,704 | 19,407 | 51,557 | 50,510 |
Operating expenses: | ||||
Research and development, net | 13,873 | 11,897 | 38,593 | 35,756 |
Sales and marketing | 2,832 | 2,727 | 8,809 | 9,302 |
General and administrative | 3,509 | 2,406 | 8,360 | 8,193 |
Amortization of intangible assets | 757 | 225 | 1,177 | 676 |
Total operating expenses | 20,971 | 17,255 | 56,939 | 53,927 |
Operating income (loss) | (267) | 2,152 | (5,382) | (3,417) |
Financial income, net | 603 | 831 | 2,299 | 2,535 |
Income (loss) before taxes on income | 336 | 2,983 | (3,083) | (882) |
Income taxes expense (benefit) | (439) | 440 | (49) | 847 |
Net income (loss) | $ 775 | $ 2,543 | $ (3,034) | $ (1,729) |
Basic net income (loss) per share (in dollars per share) | $ 0.04 | $ 0.12 | $ (0.14) | $ (0.08) |
Diluted net income (loss) per share (in dollars per share) | $ 0.03 | $ 0.11 | $ (0.14) | $ (0.08) |
Weighted-average shares used to compute net income (loss) per share (in thousands): | ||||
Basic (in shares) | 21,953 | 21,997 | 21,936 | 22,091 |
Diluted (in shares) | 22,404 | 22,428 | 21,936 | 22,091 |
License [Member] | ||||
Revenues: | ||||
Revenues | $ 11,269 | $ 9,786 | $ 33,084 | $ 29,907 |
Royalty [Member] | ||||
Revenues: | ||||
Revenues | $ 12,202 | $ 11,627 | $ 25,756 | $ 26,569 |
Interim Condensed Consolidate_4
Interim Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net loss | $ 775 | $ 2,543 | $ (3,034) | $ (1,729) |
Other comprehensive income (loss) before tax: | ||||
Changes in unrealized gains (losses) | (93) | 16 | 1,131 | (863) |
Reclassification adjustments for (gains) losses included in net income (loss) | 3 | 32 | 38 | 30 |
Net change | (90) | 48 | 1,169 | (833) |
Cash flow hedges: | ||||
Changes in unrealized gains (losses) | 83 | 21 | 401 | (259) |
Reclassification adjustments for (gains) losses included in net income (loss) | (117) | 63 | (304) | 259 |
Net change | (34) | 84 | 97 | |
Other comprehensive income (loss) before tax | (124) | 132 | 1,266 | (833) |
Income tax expense (benefit) related to components of other comprehensive income (loss) | (38) | (1) | 174 | (135) |
Other comprehensive income (loss), net of taxes | (86) | 133 | 1,092 | (698) |
Comprehensive income (loss) | $ 689 | $ 2,676 | $ (1,942) | $ (2,427) |
Interim Condensed Consolidate_5
Interim Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock Outstanding [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total | |
Balance (in shares) at Dec. 31, 2017 | 22,064,007 | ||||||
Balance at Dec. 31, 2017 | $ 22 | $ 217,417 | $ (26,056) | $ (586) | $ 53,873 | $ 244,670 | |
Net loss | (1,729) | (1,729) | |||||
Other comprehensive income (loss) | (698) | (698) | |||||
Equity-based compensation | 8,083 | $ 8,083 | |||||
Purchase of treasury stock (in shares) | 527,212 | (527,212) | |||||
Purchase of treasury stock | (16,742) | $ (16,742) | |||||
Issuance of treasury stock upon exercise of stock-based awards (in shares) | 365,581 | ||||||
Issuance of treasury stock upon exercise of stock-based awards | [1] | (4,252) | 6,630 | (129) | $ 2,249 | ||
Purchase of treasury stock (in shares) | (527,212) | 527,212 | |||||
Cumulative effect of adoption of new accounting standard | 8,555 | $ 8,555 | |||||
Balance (in shares) at Sep. 30, 2018 | 21,902,376 | ||||||
Balance at Sep. 30, 2018 | $ 22 | 221,248 | (36,168) | (1,284) | 60,570 | 244,388 | |
Balance (in shares) at Jun. 30, 2018 | 22,030,598 | ||||||
Balance at Jun. 30, 2018 | $ 22 | 219,333 | (31,640) | (1,417) | 58,068 | 244,366 | |
Net loss | 2,543 | 2,543 | |||||
Other comprehensive income (loss) | 133 | 133 | |||||
Equity-based compensation | 2,467 | $ 2,467 | |||||
Purchase of treasury stock (in shares) | 216,156 | (216,156) | |||||
Purchase of treasury stock | (6,308) | $ (6,308) | |||||
Issuance of treasury stock upon exercise of stock-based awards (in shares) | 87,934 | ||||||
Issuance of treasury stock upon exercise of stock-based awards | [1] | (552) | 1,780 | (41) | $ 1,187 | ||
Purchase of treasury stock (in shares) | (216,156) | 216,156 | |||||
Balance (in shares) at Sep. 30, 2018 | 21,902,376 | ||||||
Balance at Sep. 30, 2018 | $ 22 | 221,248 | (36,168) | (1,284) | 60,570 | $ 244,388 | |
Balance (in shares) at Dec. 31, 2018 | 21,787,860 | ||||||
Balance at Dec. 31, 2018 | $ 22 | 223,250 | (39,132) | (1,114) | 62,853 | 245,879 | |
Net loss | (3,034) | (3,034) | |||||
Other comprehensive income (loss) | 1,092 | 1,092 | |||||
Equity-based compensation | 7,847 | $ 7,847 | |||||
Purchase of treasury stock (in shares) | (194,316) | (194,316) | |||||
Purchase of treasury stock | (4,861) | $ (4,861) | |||||
Issuance of treasury stock upon exercise of stock-based awards (in shares) | 390,634 | ||||||
Issuance of treasury stock upon exercise of stock-based awards | [1] | (5,614) | 8,501 | (450) | $ 2,437 | ||
Purchase of treasury stock (in shares) | 194,316 | 194,316 | |||||
Balance (in shares) at Sep. 30, 2019 | 21,984,178 | ||||||
Balance at Sep. 30, 2019 | $ 22 | 225,483 | (35,492) | (22) | 59,369 | $ 249,360 | |
Balance (in shares) at Jun. 30, 2019 | 21,893,128 | ||||||
Balance at Jun. 30, 2019 | $ 22 | 223,306 | (37,498) | 64 | 58,751 | 244,645 | |
Net loss | 775 | 775 | |||||
Other comprehensive income (loss) | (86) | (86) | |||||
Equity-based compensation | 2,752 | $ 2,752 | |||||
Purchase of treasury stock (in shares) | 0 | ||||||
Issuance of treasury stock upon exercise of stock-based awards (in shares) | 91,050 | ||||||
Issuance of treasury stock upon exercise of stock-based awards | [1] | (575) | 2,006 | (157) | $ 1,274 | ||
Purchase of treasury stock (in shares) | 0 | ||||||
Balance (in shares) at Sep. 30, 2019 | 21,984,178 | ||||||
Balance at Sep. 30, 2019 | $ 22 | $ 225,483 | $ (35,492) | $ (22) | $ 59,369 | $ 249,360 | |
[1] | Amount less than $1. |
Interim Condensed Consolidate_6
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Cash flows from operating activities: | ||
Net loss | $ (3,034) | $ (1,729) |
Adjustments required to reconcile net loss to net cash provided by operating activities: | ||
Depreciation | 2,274 | 1,914 |
Amortization of intangible assets | 1,412 | 938 |
Equity-based compensation | 7,847 | 8,083 |
Realized loss, net on sale of available-for-sale marketable securities | 38 | 30 |
Amortization of premiums on available-for-sale marketable securities | 427 | 609 |
Unrealized foreign exchange loss | 461 | 141 |
Changes in operating assets and liabilities: | ||
Trade receivables | (657) | 1,658 |
Prepaid expenses and other assets | (1,458) | (3,815) |
Operating lease right-of-use assets | (903) | |
Accrued interest on bank deposits | (945) | (643) |
Deferred tax, net | (3,856) | (949) |
Trade payables | 689 | 557 |
Deferred revenues | 1,209 | (785) |
Accrued expenses and other payables | (257) | (802) |
Accrued payroll and related benefits | 251 | (1,329) |
Operating lease liability | 823 | |
Income taxes payable | (63) | 55 |
Accrued severance pay, net | 60 | 149 |
Net cash provided by operating activities | 4,318 | 4,082 |
Cash flows from investing activities: | ||
Acquisition of business | (11,000) | |
Purchase of property and equipment | (2,664) | (2,913) |
Purchase of intangible assets | (10,140) | (1,960) |
Investment in bank deposits | (13,346) | (21,596) |
Proceeds from bank deposits | 20,165 | 22,065 |
Investment in available-for-sale marketable securities | (18,738) | (15,516) |
Proceeds from maturity of available-for-sale marketable securities | 3,888 | 10,122 |
Proceeds from sale of available-for-sale marketable securities | 22,561 | 7,803 |
Net cash used in investing activities | (9,274) | (1,995) |
Cash flows from financing activities: | ||
Purchase of treasury stock | (4,861) | (16,742) |
Proceeds from exercise of stock-based awards | 2,437 | 2,249 |
Net cash used in financing activities | (2,424) | (14,493) |
Effect of exchange rate changes on cash and cash equivalents | (29) | (121) |
Decrease in cash and cash equivalents | (7,409) | (12,527) |
Cash and cash equivalents at the beginning of the period | 22,260 | 21,739 |
Cash and cash equivalents at the end of the period | 14,851 | 9,212 |
Supplemental information of cash-flow activities: | ||
Income and withholding taxes | 3,845 | 3,716 |
Non-cash transactions: | ||
Cumulative effect of adoption of new accounting standard | 8,555 | |
Property and equipment purchases incurred but unpaid at period end | 54 | |
Intangible assets purchases incurred but unpaid at period end | 750 | |
Right-of-use assets obtained in the exchange for operating lease liabilities | $ 1,881 |
Note 1 - Business
Note 1 - Business | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 1: The financial information in this quarterly report includes the results of CEVA, Inc. and its subsidiaries (the “Company” or “CEVA”). CEVA licenses a family of signal processing IPs in two 5G 3, 4/5/6 802.11n/ac/ax CEVA’s technologies are licensed to leading semiconductor and original equipment manufacturer (OEM) companies. These companies design, manufacture, market and sell application-specific integrated circuits (“ASICs”) and application-specific standard products (“ASSPs”) based on CEVA’s technology to wireless, consumer electronics and automotive companies for incorporation into a wide variety of end products. |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | NOTE 2: Basis of Presentation The interim condensed consolidated financial statements have been prepared according to U.S Generally Accepted Accounting Principles (“U.S. GAAP”). The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three nine September 30, 2019 not may December 31, 2019. 10K December 31, 2018. The significant accounting policies applied in the annual consolidated financial statements of the Company as of December 31, 2018, 10K March 4, 2019, Recently Adopted Accounting Pronouncements On January 1, 2019, No. 2016 02, 842” 840, not 842 Significant Accounting Policies - Leases 5 In August 2017, No. 2017 12, 815 January 1, 2019 not Significant Accounting Policies- Leases Effective as of January 1, 2019, 842, 842 January 1, 2019 842, not 840. The Company elected the package of practical expedients permitted under the transition guidance, which allowed the Company to carryforward the historical lease classification, the Company’s assessment on whether a contract was or contains a lease, and initial direct costs for any leases that existed prior to January 1, 2019. 12 As a result of the adoption of Topic 842 January 1, 2019, $9,785 $9,498. $287. not The Company determines if an arrangement is a lease at inception. The Company’s assessment is based on: ( 1 2 3 Leases are classified as either finance leases or operating leases. A lease is classified as a finance lease if any one no not one not one ROU assets and liabilities are recognized on the commencement date based on the present value of remaining lease payments over the lease term. For this purpose, the Company considers only payments that are fixed and determinable at the time of commencement. As most of the Company's leases do not may Use of Estimates The preparation of the interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the dates of the interim condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Reclassification During the period, the Company changed the classification of prepaid expenses and other assets and deferred tax assets, net, in order to properly reflect the nature of such activities. |
Note 3 - Acquisitions
Note 3 - Acquisitions | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 3: ACQUISITIONS In July 2019, $11,204 $10,000 $204 fourth 2019, $1,000 The milestone-based contingent payment is calculated based on payments to be received by the Company for certain products to be sold by the Company prior to October 15, 2019. $204. In addition, the Company incurred acquisition-related deal expenses and write-off of an acquired lease associated with the Hillcrest Labs transaction in a total amount of $ 846 three nine September 30, 2019. Goodwill generated from this business combination is attributed to synergies between the Company's and Hillcrest Lab's respective products and services. The results of Hillcrest Lab's operations have been included in the consolidated financial statements since July 19, 2019. not not The preliminary purchase price allocation for the acquisition has been determined as follows: Tangible assets (including inventory, property and equipment and other) $ 681 Intangible assets: Developed technologies 2,475 Customer relationships 3,518 Customer backlog 72 Goodwill 4,458 Total assets $ 11,204 The acquisition of the Hillcrest Labs business has been accounted in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 805, 805” The purchase price allocations have been prepared on a preliminary basis based on information that was available to the Company at the time the condensed consolidated financial statements were prepared, and revisions to the preliminary purchase price allocations may In August 2019, $10,000 805 The preliminary consideration for the investment has been determined as follows: Intangible assets: Core technologies $ 10,000 The intangible assets will be amortized based on the pattern upon which the economic benefits of the intangible assets are to be utilized. |
Note 4 - Revenue Recognition
Note 4 - Revenue Recognition | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 4: Under ASC 606, The following table includes estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. The estimated revenues do not Remainder of 2019 2020 2021 License and related revenues $ 5,262 $ 7,884 $ 1,780 Disaggregation of revenue: The following table provides information about disaggregated revenue by primary geographical market, major product line and timing of revenue recognition (in thousands): Nine months ended September 30, 2019 (unaudited) Three months ended September 30, 2019 (unaudited) Licensing and related revenues Royalties Total Licensing and related revenues Royalties Total Primary geographical markets United States $ 6,809 $ 904 $ 7,713 $ 3,450 $ 361 $ 3,811 Europe and Middle East 2,848 10,397 13,245 1,241 5,670 6,911 Asia Pacific 23,427 14,455 37,882 6,578 6,171 12,749 Total $ 33,084 $ 25,756 $ 58,840 $ 11,269 $ 12,202 $ 23,471 Major product/service lines Connectivity products (baseband for handset and other devices, Bluetooth, Wi-Fi, NB-IoT and SATA/SAS) $ 23,324 $ 23,100 $ 46,424 $ 8,608 $ 10,424 $ 19,032 Smart sensing products (AI, audio/sound and imaging and vision) 9,760 2,656 12,416 2,661 1,778 4,439 Total $ 33,084 $ 25,756 $ 58,840 $ 11,269 $ 12,202 $ 23,471 Timing of revenue recognition Products transferred at a point in time $ 22,775 $ 25,756 $ 48,531 $ 7,468 $ 12,202 $ 19,670 Products and services transferred over time 10,309 — 10,309 3,801 — 3,801 Total $ 33,084 $ 25,756 $ 58,840 $ 11,269 $ 12,202 $ 23,471 N ine months ended September 30, 2018 (unaudited) Three months ended September 30, 2018 (unaudited) Licensing and related revenues Royalties Total Licensing and related revenues Royalties Total Primary geographical markets United States $ 4,667 $ 1,420 $ 6,087 $ 1,483 $ 776 $ 2,259 Europe and Middle East 3,286 8,019 11,305 534 5,605 6,139 Asia Pacific 21,954 17,130 39,084 7,769 5,246 13,015 Total $ 29,907 $ 26,569 $ 56,476 $ 9,786 $ 11,627 $ 21,413 Major product/service lines Connectivity products (baseband for handset and other devices, Bluetooth, Wi-Fi, NB-IoT and SATA/SAS) $ 21,769 $ 25,065 $ 46,834 $ 8,210 $ 11,189 $ 19,399 Smart sensing products (AI, audio/sound and imaging and vision) 8,138 1,504 9,642 1,576 438 2,014 Total $ 29,907 $ 26,569 $ 56,476 $ 9,786 $ 11,627 $ 21,413 Timing of revenue recognition Products transferred at a point in time $ 22,163 $ 26,569 $ 48,732 $ 6,878 $ 11,627 $ 18,505 Products and services transferred over time 7,744 — 7,744 2,908 — 2,908 Total $ 29,907 $ 26,569 $ 56,476 $ 9,786 $ 11,627 $ 21,413 Contract balances: The following table provides information about trade receivables, contract assets and contract liabilities from contracts with customers (in thousands): September 30, 2019 (unaudited) December 31, 2018 Trade receivables $ 7,967 $ 9,971 Unbilled receivables (associated with licensing and related revenue) 7,985 6,745 Unbilled receivables (associated with royalties) 10,861 9,440 Deferred revenues (short-term contract liabilities) 4,766 3,593 The Company receives payments from customers based upon contractual payment schedules; trade receivables are recorded when the right to consideration becomes unconditional, and an invoice is issued to the customer. Unbilled receivables associated with licensing and other include amounts related to the Company’s contractual right to consideration for completed performance objectives not not During the three nine September 30, 2019, $322 $3,513, January 1, 2019. |
Note 5 - Leases
Note 5 - Leases | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Leases of Lessee Disclosure [Text Block] | NOTE 5: eases The Company leases substantially all of its office space and vehicles under operating leases. The Company's leases have original lease periods expiring between 2020 2034. one not one 2028, not Under Topic 842, 12 The following is a summary of weighted average remaining lease terms and discount rates for all of the Company’s operating leases: September 30, 2019 (Unaudited) weighted average remaining lease term (years) 7.62 weighted average discount rates 3.80 % Total operating lease cost during the three nine September 30, 2019 $502 $1,320, $421 $1,380 three nine September 30, 2019, Maturities of lease liabilities are as follows: The remainder of 2019 $ 705 2020 2,361 2021 1,566 2022 1,272 2023 1,192 2024 and thereafter 4,856 Total undiscounted cash flows 11,952 Less imputed interest 1,631 Present value of lease liabilities $ 10,321 |
Note 6 - Marketable Securities
Note 6 - Marketable Securities | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Cash, Cash Equivalents, and Marketable Securities [Text Block] | NOTE 6 : MARKETABLE SECURITIES The following is a summary of available-for-sale marketable securities: September 30, 2019 (Unaudited) Amortized cost Gross gains Gross losses Fair value Available-for-sale - matures within one year: Corporate bonds $ 17,245 $ 13 $ (30 ) $ 17,228 17,245 13 (30 ) 17,228 Available-for-sale - matures after one year through five years: Government bonds 501 — (1 ) 500 Corporate bonds 52,770 162 (198 ) 52,734 53,271 162 (199 ) 53,234 Total $ 70,516 $ 175 $ (229 ) $ 70,462 December 31, 2018 Amortized cost Gross gains Gross losses Fair value Available-for-sale - matures within one year: Corporate bonds $ 6,094 $ — $ (32 ) $ 6,062 6,094 — (32 ) 6,062 Available-for-sale - matures after one year through five years: Certificate of deposits 747 — — 747 Government bonds 501 — (5 ) 496 Corporate bonds 71,350 134 (1,320 ) 70,164 72,598 134 (1,325 ) 71,407 Total $ 78,692 $ 134 $ (1,357 ) $ 77,469 The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of September 30, 2019 December 31, 2018, Less than 12 months 12 months or greater Fair value Gross unrealized loss Fair value Gross unrealized loss As of September 30, 2019 (unaudited) $ 12,974 $ (110 ) $ 30,835 $ (119 ) As of December 31, 2018 $ 16,580 $ (192 ) $ 52,590 $ (1,165 ) As of September 30, 2019 December 31, 2018, not The following table presents gross realized gains and losses from sale of available-for-sale marketable securities: Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Gross realized gains from sale of available-for-sale marketable securities $ 1 $ 4 $ 1 $ — Gross realized losses from sale of available-for-sale marketable securities $ (39 ) $ (34 ) $ (4 ) $ (32 ) |
Note 7 - Fair Value Measurement
Note 7 - Fair Value Measurement | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 7 : FAIR VALUE MEASUREMENT FASB ASC No. 820, three Level I Unadjusted quoted prices in active markets that are accessible on the measurement date for identical, unrestricted assets or liabilities; Level II Quoted prices in markets that are not Level III Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no The Company measures its marketable securities, foreign currency derivative contracts and investment in other company at fair value. Marketable securities and foreign currency derivative contracts are classified within Level II as the valuation inputs are based on quoted prices and market observable data of similar instruments. Investment in other company is classified within Level III as the Company estimates the value based on valuation methods using the observable transaction price on the transaction date and other unobservable inputs, including volatility, as well as rights and obligations of the securities the Company holds. The table below sets forth the Company’s assets and liabilities measured at fair value by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Description September 30 , 2019 (unaudited) Level I (unaudited) Level II (unaudited) Level III (unaudited) Assets: Marketable securities: Government bonds $ 500 $ — $ 500 $ — Corporate bonds 69,962 — 69,962 — Foreign exchange contracts 20 — 20 — Description December 31, 2018 Level I Level II Level III Assets: Marketable securities: Certificate of deposits $ 747 $ — $ 747 $ — Government bonds 496 — 496 — Corporate bonds 76,226 — 76,226 — Investment in other company (1) 936 — — 936 Liabilities: Foreign exchange contracts 77 — 77 — ( 1 December 31, 2018. |
Note 8 - Goodwill and Intangibl
Note 8 - Goodwill and Intangible Assets, Net | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | NOTE 8: (a) Goodwill: Changes in goodwill are as follows: September 30 , 2019 (unaudited) December 31, 2018 Balance as of January 1, $ 46,612 $ 46,612 Acquisition 4,458 — Balance as of September 30, $ 51,070 $ 46,612 (b) Intangible assets: Nine months ended September 30, 2019 (unaudited) Year ended December 31, 2018 Weighted average amortization p eriod (years) Gross carrying amount Accumulated amortization Net Gross carrying amount Accumulated amortization Net Intangible assets –amortizable: Intangible assets related to the acquisition of RivieraWaves Customer relationships 4.5 $ 272 $ 272 $ — $ 272 $ 272 $ — Customer backlog 1.5 93 93 — 93 93 — Core technologies 5.1 5,796 5,586 210 5,796 4,955 841 I ntangible assets related to the acquisition of Hillcrest Lab s busines s Customer relationships 4.4 3,518 176 3,342 — — — Customer backlog 0.5 72 29 43 — — — Core technologies 7.5 2,475 67 2,408 — — — I ntangible assets related to a technology investment in Immervision Core technologies 6.4 10,000 274 9,726 — — — I ntangible assets related to an investment in NB-IoT technologies NB-IoT technologies (*) 7.0 2,200 576 1,624 2,200 341 1,859 Total intangible assets $ 24,426 $ 7,073 $ 17,353 $ 8,361 $ 5,661 $ 2,700 (*) During the first 2018, $2,800, $600 not $2,200, $610 not September 30, 2019. Future estimated annual amortization charges are as follows: 2019 $ 1,021 2020 3,080 2021 3,075 2022 3,075 2023 2,399 2024 and thereafter 4,703 $ 17,353 |
Note 9 - Geographic Information
Note 9 - Geographic Information and Major Customer Data | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 9 : GEOGRAPHIC INFORMATION AND MAJOR CUSTOMER DATA a. Summary information about geographic areas: The Company manages its business on the basis of one 1 Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Revenues based on customer location: United States $ 7,713 $ 6,087 $ 3,811 $ 2,259 Europe and Middle East (1) 13,245 11,305 6,911 6,139 Asia Pacific (2) (3) (4) 37,882 39,084 12,749 13,015 $ 58,840 $ 56,476 $ 23,471 $ 21,413 (1) Germany $ 10,613 $ 8,582 $ 5,425 $ 5,600 (2) China $ 25,542 $ 23,127 $ 8,993 $ 10,192 (3) S. Korea $ *) $ 7,152 $ *) $ *) (4) Japan $ 6,544 $ 6,116 $ *) $ *) *) Less than 10% b. Major customer data as a percentage of total revenues: The following table sets forth the customers that represented 10% Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Customer A 19 % 16 % 23 % 26 % Customer B 15 % 16 % 15 % 16 % Customer C *) 12 % *) *) *) Less than 10% |
Note 10 - Net Loss Per Share of
Note 10 - Net Loss Per Share of Common Stock | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 10 : NET LOSS PER SHARE OF COMMON STOCK Basic net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during each period, plus dilutive potential shares of common stock considered outstanding during the period, in accordance with FASB ASC No. 260, Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Numerator: Net income (loss) $ (3,034 ) $ (1,729 ) $ 775 $ 2,543 Denominator (in thousands): Basic weighted-average common stock outstanding 21,936 22,091 21,953 21,997 Effect of stock -based awards — — 451 431 Diluted weighted average common stock outstanding 21,936 22,091 22,404 22,428 Basic net income (loss) per share $ (0.14 ) $ (0.08 ) $ 0.04 $ 0.12 Diluted net income (loss) per share $ (0.14 ) $ (0.08 ) $ 0.03 $ 0.11 The weighted average number of shares related to outstanding equity-based awards excluded from the calculation of diluted net income per share, since their effect was anti-dilutive, was 105,901 three September 30, 2019. 1,385,525 nine September 30, 2019. 136,113 three September 30, 2018. 1,273,610 nine September 30, 2018. |
Note 11 - Common Stock and Stoc
Note 11 - Common Stock and Stock-based Compensation Plans | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | NOTE 11 : COMMON STOCK AND STOCK-BASED COMPENSATION PLANS The Company grants stock options and stock appreciation rights (“SARs”) capped with a ceiling to employees and stock options to non-employee directors of the Company and its subsidiaries and provides the right to purchase common stock pursuant to the Company’s 2002 400% 25% one 36 four 25% nine September 30, 2019, Number of and SAR units (1) Weighted exercise price Weighted remaining term Aggregate value Outstanding as of December 31, 2018 702,817 $ 19.88 4.3 $ 2,708 Granted — — Exercised (54,114 ) 16.73 Forfeited or expired (730 ) 21.83 Outstanding as of September 30, 2019 (2) 647,973 $ 20.14 3.7 $ 6,361 Exercisable as of September 30, 2019 (3) 611,677 $ 19.62 3.6 $ 6,313 ( 1 The SAR units are convertible for a maximum number of shares of the Company’s common stock equal to 75% ( 2 Due to the ceiling imposed on the SAR grants, the outstanding amount equals a maximum of 601,167 ( 3 Due to the ceiling imposed on the SAR grants, the exercisable amount equals a maximum of 565,070 As of September 30, 2019, $44 1.0 Starting in the second 2015, 2011 three first 2017, first 2018, two first On May 7, 2019, February 19, 2019, 30,000 three 2019 1 10,000 three 1/3 February 19, 2020, 2 24,000 2019 “2019 100% 2019 20,000 90% 99% 2019 20,000 100% 2019 1% 2019 120%, 1% 20,000 90% 2019 three 1/3 February 19, 2020, 1/3 February 19, 2021 February 19, 2022. A summary of the Company’s RSU and PSU activities and related information for the nine September 30, 2019, Number of RSUs and PSUs Weighted Average Grant-Date Fair Value Unvested as of December 31, 2018 564,390 $ 32.28 Granted 489,099 27.77 Vested (266,820 ) 29.78 Forfeited or expired (49,117 ) 31.19 Unvested as of September 30, 2019 737,552 $ 30.27 As of September 30, 2019, $16,238 1.6 The following table shows the total equity-based compensation expense included in the interim condensed consolidated statements of loss: Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Cost of revenue $ 464 $ 480 $ 168 $ 155 Research and development, net 4,314 3,874 1,494 1,246 Sales and marketing 1,112 1,246 362 369 General and administrative 1,957 2,483 728 697 Total equity-based compensation expense $ 7,847 $ 8,083 $ 2,752 $ 2,467 The fair value for rights to purchase shares of common stock under the Company’s employee stock purchase plan was estimated on the date of grant using the following assumptions: Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Expected dividend yield 0% 0% 0 % 0 % Expected volatility 42% - 43% 35% - 42% 42 % 38 % Risk-free interest rate 2.0% - 2.5% 0.7% - 2.2% 2.0 % 2.2 % Contractual term of up to (months) 24 24 24 24 |
Note 12 - Derivatives and Hedgi
Note 12 - Derivatives and Hedging Activities | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 1 2 : DERIVATIVES AND HEDGING ACTIVITIES In August 2017, No. 2017 12, 815 January 1, 2019, January 1, 2019. 2, The Company follows the requirements of FASB ASC No. 815,” one twelve For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. As of September 30, 2019 December 31, 2018, $3,450 $9,100, The fair value of the Company’s outstanding derivative instruments is as follows: September 30, 2019 December 31, (Unaudited) 2018 Derivative assets Derivatives designated as cash flow hedging instruments: Foreign exchange option contracts $ 14 $ — Foreign exchange forward contracts 6 — Total $ 20 $ — Derivative liabilities Derivatives designated as cash flow hedging instruments: Foreign exchange option contracts $ — $ 14 Foreign exchange forward contracts — 63 Total $ — $ 77 The increase (decrease) in unrealized gains (losses) recognized in “accumulated other comprehensive loss” on derivatives, before tax effect, is as follows: Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Derivatives designated as cash flow hedging instruments: Foreign exchange option contracts $ 62 $ (128 ) $ 33 $ (2 ) Foreign exchange forward contracts 339 (131 ) 50 23 $ 401 $ (259 ) $ 83 $ 21 The net (gains) losses reclassified from “accumulated other comprehensive loss” into income are as follows: Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Derivatives designated as cash flow hedging instruments: Foreign exchange option contracts $ (34 ) $ 117 $ (27 ) $ 20 Foreign exchange forward contracts (270 ) 142 (90 ) 43 $ (304 ) $ 259 $ (117 ) $ 63 The Company recorded in cost of revenues and operating expenses a net gain of $117 $304 three nine September 30, 2019, $63 $259, 2018, |
Note 13 - Accumulated Other Com
Note 13 - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 1 3 : ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables summarize the changes in accumulated balances of other comprehensive income (loss), net of taxes: Nine months ended September 30, 2019 (unaudited) Three months ended September 30, 2019 (unaudited) Unrealized gains (losses) on available-for- sale marketable securities Unrealized gains (losses) on cash flow hedges Total Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on cash flow hedges Total Beginning balance $ (1,046 ) $ (68 ) $ (1,114 ) $ 17 $ 47 $ 64 Other comprehensive income (loss) before reclassifications 977 354 1,331 (60 ) 74 14 Amounts reclassified from accumulated other comprehensive income (loss) 29 (268 ) (239 ) 3 (103 ) (100 ) Net current period other comprehensive income (loss) 1,006 86 1,092 (57 ) (29 ) (86 ) Ending balance $ (40 ) $ 18 $ (22 ) $ (40 ) $ 18 $ (22 ) Nine months ended September 30, 2018 (unaudited) Three months ended September 30, 2018 (unaudited) Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on cash flow hedges Total Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on cash flow hedges Total Beginning balance $ (586 ) $ — $ (586 ) $ (1,342 ) $ (75 ) $ (1,417 ) Other comprehensive income (loss) before reclassifications (726 ) (232 ) (958 ) 28 18 46 Amounts reclassified from accumulated other comprehensive income (loss) 28 232 260 30 57 87 Net current period other comprehensive income (loss) (698 ) — (698 ) 58 75 133 Ending balance $ (1,284 ) $ — $ (1,284 ) $ (1,284 ) $ — $ (1,284 ) The following table provides details about reclassifications out of accumulated other comprehensive income (loss): Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statements of Income (Loss) Nine months ended September 30, Three months ended September 30, 2019 ( unaudited) 2018 ( unaudited) 2019 ( unaudited) 2018 ( unaudited) Unrealized gains (losses) on cash flow hedges $ 5 $ (5 ) $ 1 $ (1 ) Cost of revenues 269 (225 ) 104 (55 ) Research and development 8 (10 ) 3 (3 ) Sales and marketing 22 (19 ) 9 (4 ) General and administrative 304 (259 ) 117 (63 ) Total, before income taxes 36 (27 ) 14 (6 ) Income tax expense (benefit) 268 (232 ) 103 (57 ) Total, net of income taxes Unrealized gains (losses) on available-for-sale marketable securities (38 ) (30 ) (3 ) (32 ) Financial income (loss), net (9 ) (2 ) — (2 ) Income tax expense (benefit) (29 ) (28 ) (3 ) (30 ) Total, net of income taxes $ 239 $ (260 ) $ 100 $ (87 ) Total, net of income taxes |
Note 14 - Share Repurchase Prog
Note 14 - Share Repurchase Program | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Treasury Stock [Text Block] | NOTE 1 4 : SHARE REPURCHASE PROGRAM The Company did not third 2019. third 2018, 216,156 $29.18 $6,308. first nine September 30, 2019, 194,316 $25.01 $4,861. first nine September 30, 2018, 527,212 $31.76 $16,742. September 30, 2019, 160,864 The repurchases of common stock are accounted for as treasury stock, and result in a reduction of stockholders’ equity. When treasury shares are reissued, the Company accounts for the reissuance in accordance with FASB ASC No. 505 30, |
Note 15 - Impact of Recently Is
Note 15 - Impact of Recently Issued Accounting Standards Not yet Adopted | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | NOTE 1 5 : IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS NOT In January 2016, 2016 13, 2016 13 January 1, 2020, |
Note 16 - Uncertain Tax Positio
Note 16 - Uncertain Tax Positions | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 1 6 : UNCERTAIN TAX POSITIONS During both the three nine September 30, 2019, $ 1,029 three nine September 30, 2019 $ 2,164 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The interim condensed consolidated financial statements have been prepared according to U.S Generally Accepted Accounting Principles (“U.S. GAAP”). The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three nine September 30, 2019 not may December 31, 2019. 10K December 31, 2018. The significant accounting policies applied in the annual consolidated financial statements of the Company as of December 31, 2018, 10K March 4, 2019, |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Adopted Accounting Pronouncements On January 1, 2019, No. 2016 02, 842” 840, not 842 Significant Accounting Policies - Leases 5 In August 2017, No. 2017 12, 815 January 1, 2019 not |
Lessee, Leases [Policy Text Block] | Significant Accounting Policies- Leases Effective as of January 1, 2019, 842, 842 January 1, 2019 842, not 840. The Company elected the package of practical expedients permitted under the transition guidance, which allowed the Company to carryforward the historical lease classification, the Company’s assessment on whether a contract was or contains a lease, and initial direct costs for any leases that existed prior to January 1, 2019. 12 As a result of the adoption of Topic 842 January 1, 2019, $9,785 $9,498. $287. not The Company determines if an arrangement is a lease at inception. The Company’s assessment is based on: ( 1 2 3 Leases are classified as either finance leases or operating leases. A lease is classified as a finance lease if any one no not one not one ROU assets and liabilities are recognized on the commencement date based on the present value of remaining lease payments over the lease term. For this purpose, the Company considers only payments that are fixed and determinable at the time of commencement. As most of the Company's leases do not may |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of the interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the dates of the interim condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
Reclassification, Policy [Policy Text Block] | Reclassification During the period, the Company changed the classification of prepaid expenses and other assets and deferred tax assets, net, in order to properly reflect the nature of such activities. |
Note 3 - Acquisitions (Tables)
Note 3 - Acquisitions (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Immervision [Member] | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Intangible assets: Core technologies $ 10,000 |
Acquisition of Hillcrest Labs [Member] | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Tangible assets (including inventory, property and equipment and other) $ 681 Intangible assets: Developed technologies 2,475 Customer relationships 3,518 Customer backlog 72 Goodwill 4,458 Total assets $ 11,204 |
Note 4 - Revenue Recognition (T
Note 4 - Revenue Recognition (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] | Remainder of 2019 2020 2021 License and related revenues $ 5,262 $ 7,884 $ 1,780 |
Disaggregation of Revenue [Table Text Block] | Nine months ended September 30, 2019 (unaudited) Three months ended September 30, 2019 (unaudited) Licensing and related revenues Royalties Total Licensing and related revenues Royalties Total Primary geographical markets United States $ 6,809 $ 904 $ 7,713 $ 3,450 $ 361 $ 3,811 Europe and Middle East 2,848 10,397 13,245 1,241 5,670 6,911 Asia Pacific 23,427 14,455 37,882 6,578 6,171 12,749 Total $ 33,084 $ 25,756 $ 58,840 $ 11,269 $ 12,202 $ 23,471 Major product/service lines Connectivity products (baseband for handset and other devices, Bluetooth, Wi-Fi, NB-IoT and SATA/SAS) $ 23,324 $ 23,100 $ 46,424 $ 8,608 $ 10,424 $ 19,032 Smart sensing products (AI, audio/sound and imaging and vision) 9,760 2,656 12,416 2,661 1,778 4,439 Total $ 33,084 $ 25,756 $ 58,840 $ 11,269 $ 12,202 $ 23,471 Timing of revenue recognition Products transferred at a point in time $ 22,775 $ 25,756 $ 48,531 $ 7,468 $ 12,202 $ 19,670 Products and services transferred over time 10,309 — 10,309 3,801 — 3,801 Total $ 33,084 $ 25,756 $ 58,840 $ 11,269 $ 12,202 $ 23,471 N ine months ended September 30, 2018 (unaudited) Three months ended September 30, 2018 (unaudited) Licensing and related revenues Royalties Total Licensing and related revenues Royalties Total Primary geographical markets United States $ 4,667 $ 1,420 $ 6,087 $ 1,483 $ 776 $ 2,259 Europe and Middle East 3,286 8,019 11,305 534 5,605 6,139 Asia Pacific 21,954 17,130 39,084 7,769 5,246 13,015 Total $ 29,907 $ 26,569 $ 56,476 $ 9,786 $ 11,627 $ 21,413 Major product/service lines Connectivity products (baseband for handset and other devices, Bluetooth, Wi-Fi, NB-IoT and SATA/SAS) $ 21,769 $ 25,065 $ 46,834 $ 8,210 $ 11,189 $ 19,399 Smart sensing products (AI, audio/sound and imaging and vision) 8,138 1,504 9,642 1,576 438 2,014 Total $ 29,907 $ 26,569 $ 56,476 $ 9,786 $ 11,627 $ 21,413 Timing of revenue recognition Products transferred at a point in time $ 22,163 $ 26,569 $ 48,732 $ 6,878 $ 11,627 $ 18,505 Products and services transferred over time 7,744 — 7,744 2,908 — 2,908 Total $ 29,907 $ 26,569 $ 56,476 $ 9,786 $ 11,627 $ 21,413 |
Contract with Customer, Asset and Liability [Table Text Block] | September 30, 2019 (unaudited) December 31, 2018 Trade receivables $ 7,967 $ 9,971 Unbilled receivables (associated with licensing and related revenue) 7,985 6,745 Unbilled receivables (associated with royalties) 10,861 9,440 Deferred revenues (short-term contract liabilities) 4,766 3,593 |
Note 5 - Leases (Tables)
Note 5 - Leases (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Lease, Cost [Table Text Block] | September 30, 2019 (Unaudited) weighted average remaining lease term (years) 7.62 weighted average discount rates 3.80 % |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | The remainder of 2019 $ 705 2020 2,361 2021 1,566 2022 1,272 2023 1,192 2024 and thereafter 4,856 Total undiscounted cash flows 11,952 Less imputed interest 1,631 Present value of lease liabilities $ 10,321 |
Note 6 - Marketable Securities
Note 6 - Marketable Securities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | September 30, 2019 (Unaudited) Amortized cost Gross gains Gross losses Fair value Available-for-sale - matures within one year: Corporate bonds $ 17,245 $ 13 $ (30 ) $ 17,228 17,245 13 (30 ) 17,228 Available-for-sale - matures after one year through five years: Government bonds 501 — (1 ) 500 Corporate bonds 52,770 162 (198 ) 52,734 53,271 162 (199 ) 53,234 Total $ 70,516 $ 175 $ (229 ) $ 70,462 December 31, 2018 Amortized cost Gross gains Gross losses Fair value Available-for-sale - matures within one year: Corporate bonds $ 6,094 $ — $ (32 ) $ 6,062 6,094 — (32 ) 6,062 Available-for-sale - matures after one year through five years: Certificate of deposits 747 — — 747 Government bonds 501 — (5 ) 496 Corporate bonds 71,350 134 (1,320 ) 70,164 72,598 134 (1,325 ) 71,407 Total $ 78,692 $ 134 $ (1,357 ) $ 77,469 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | Less than 12 months 12 months or greater Fair value Gross unrealized loss Fair value Gross unrealized loss As of September 30, 2019 (unaudited) $ 12,974 $ (110 ) $ 30,835 $ (119 ) As of December 31, 2018 $ 16,580 $ (192 ) $ 52,590 $ (1,165 ) |
Schedule of Realized Gain (Loss) [Table Text Block] | Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Gross realized gains from sale of available-for-sale marketable securities $ 1 $ 4 $ 1 $ — Gross realized losses from sale of available-for-sale marketable securities $ (39 ) $ (34 ) $ (4 ) $ (32 ) |
Note 7 - Fair Value Measureme_2
Note 7 - Fair Value Measurement (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Description September 30 , 2019 (unaudited) Level I (unaudited) Level II (unaudited) Level III (unaudited) Assets: Marketable securities: Government bonds $ 500 $ — $ 500 $ — Corporate bonds 69,962 — 69,962 — Foreign exchange contracts 20 — 20 — Description December 31, 2018 Level I Level II Level III Assets: Marketable securities: Certificate of deposits $ 747 $ — $ 747 $ — Government bonds 496 — 496 — Corporate bonds 76,226 — 76,226 — Investment in other company (1) 936 — — 936 Liabilities: Foreign exchange contracts 77 — 77 — |
Note 8 - Goodwill and Intangi_2
Note 8 - Goodwill and Intangible Assets, Net (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | September 30 , 2019 (unaudited) December 31, 2018 Balance as of January 1, $ 46,612 $ 46,612 Acquisition 4,458 — Balance as of September 30, $ 51,070 $ 46,612 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Nine months ended September 30, 2019 (unaudited) Year ended December 31, 2018 Weighted average amortization p eriod (years) Gross carrying amount Accumulated amortization Net Gross carrying amount Accumulated amortization Net Intangible assets –amortizable: Intangible assets related to the acquisition of RivieraWaves Customer relationships 4.5 $ 272 $ 272 $ — $ 272 $ 272 $ — Customer backlog 1.5 93 93 — 93 93 — Core technologies 5.1 5,796 5,586 210 5,796 4,955 841 I ntangible assets related to the acquisition of Hillcrest Lab s busines s Customer relationships 4.4 3,518 176 3,342 — — — Customer backlog 0.5 72 29 43 — — — Core technologies 7.5 2,475 67 2,408 — — — I ntangible assets related to a technology investment in Immervision Core technologies 6.4 10,000 274 9,726 — — — I ntangible assets related to an investment in NB-IoT technologies NB-IoT technologies (*) 7.0 2,200 576 1,624 2,200 341 1,859 Total intangible assets $ 24,426 $ 7,073 $ 17,353 $ 8,361 $ 5,661 $ 2,700 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2019 $ 1,021 2020 3,080 2021 3,075 2022 3,075 2023 2,399 2024 and thereafter 4,703 $ 17,353 |
Note 9 - Geographic Informati_2
Note 9 - Geographic Information and Major Customer Data (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Revenue from External Customers by Geographic Areas [Table Text Block] | Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Revenues based on customer location: United States $ 7,713 $ 6,087 $ 3,811 $ 2,259 Europe and Middle East (1) 13,245 11,305 6,911 6,139 Asia Pacific (2) (3) (4) 37,882 39,084 12,749 13,015 $ 58,840 $ 56,476 $ 23,471 $ 21,413 (1) Germany $ 10,613 $ 8,582 $ 5,425 $ 5,600 (2) China $ 25,542 $ 23,127 $ 8,993 $ 10,192 (3) S. Korea $ *) $ 7,152 $ *) $ *) (4) Japan $ 6,544 $ 6,116 $ *) $ *) |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Customer A 19 % 16 % 23 % 26 % Customer B 15 % 16 % 15 % 16 % Customer C *) 12 % *) *) |
Note 10 - Net Loss Per Share _2
Note 10 - Net Loss Per Share of Common Stock (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Numerator: Net income (loss) $ (3,034 ) $ (1,729 ) $ 775 $ 2,543 Denominator (in thousands): Basic weighted-average common stock outstanding 21,936 22,091 21,953 21,997 Effect of stock -based awards — — 451 431 Diluted weighted average common stock outstanding 21,936 22,091 22,404 22,428 Basic net income (loss) per share $ (0.14 ) $ (0.08 ) $ 0.04 $ 0.12 Diluted net income (loss) per share $ (0.14 ) $ (0.08 ) $ 0.03 $ 0.11 |
Note 11 - Common Stock and St_2
Note 11 - Common Stock and Stock-based Compensation Plans (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of and SAR units (1) Weighted exercise price Weighted remaining term Aggregate value Outstanding as of December 31, 2018 702,817 $ 19.88 4.3 $ 2,708 Granted — — Exercised (54,114 ) 16.73 Forfeited or expired (730 ) 21.83 Outstanding as of September 30, 2019 (2) 647,973 $ 20.14 3.7 $ 6,361 Exercisable as of September 30, 2019 (3) 611,677 $ 19.62 3.6 $ 6,313 |
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | Number of RSUs and PSUs Weighted Average Grant-Date Fair Value Unvested as of December 31, 2018 564,390 $ 32.28 Granted 489,099 27.77 Vested (266,820 ) 29.78 Forfeited or expired (49,117 ) 31.19 Unvested as of September 30, 2019 737,552 $ 30.27 |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Cost of revenue $ 464 $ 480 $ 168 $ 155 Research and development, net 4,314 3,874 1,494 1,246 Sales and marketing 1,112 1,246 362 369 General and administrative 1,957 2,483 728 697 Total equity-based compensation expense $ 7,847 $ 8,083 $ 2,752 $ 2,467 |
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] | Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Expected dividend yield 0% 0% 0 % 0 % Expected volatility 42% - 43% 35% - 42% 42 % 38 % Risk-free interest rate 2.0% - 2.5% 0.7% - 2.2% 2.0 % 2.2 % Contractual term of up to (months) 24 24 24 24 |
Note 12 - Derivatives and Hed_2
Note 12 - Derivatives and Hedging Activities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | September 30, 2019 December 31, (Unaudited) 2018 Derivative assets Derivatives designated as cash flow hedging instruments: Foreign exchange option contracts $ 14 $ — Foreign exchange forward contracts 6 — Total $ 20 $ — Derivative liabilities Derivatives designated as cash flow hedging instruments: Foreign exchange option contracts $ — $ 14 Foreign exchange forward contracts — 63 Total $ — $ 77 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] | Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Derivatives designated as cash flow hedging instruments: Foreign exchange option contracts $ 62 $ (128 ) $ 33 $ (2 ) Foreign exchange forward contracts 339 (131 ) 50 23 $ 401 $ (259 ) $ 83 $ 21 |
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Nine months ended September 30, Three months ended September 30, 2019 (unaudited) 2018 (unaudited) 2019 (unaudited) 2018 (unaudited) Derivatives designated as cash flow hedging instruments: Foreign exchange option contracts $ (34 ) $ 117 $ (27 ) $ 20 Foreign exchange forward contracts (270 ) 142 (90 ) 43 $ (304 ) $ 259 $ (117 ) $ 63 |
Note 13 - Accumulated Other C_2
Note 13 - Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Nine months ended September 30, 2019 (unaudited) Three months ended September 30, 2019 (unaudited) Unrealized gains (losses) on available-for- sale marketable securities Unrealized gains (losses) on cash flow hedges Total Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on cash flow hedges Total Beginning balance $ (1,046 ) $ (68 ) $ (1,114 ) $ 17 $ 47 $ 64 Other comprehensive income (loss) before reclassifications 977 354 1,331 (60 ) 74 14 Amounts reclassified from accumulated other comprehensive income (loss) 29 (268 ) (239 ) 3 (103 ) (100 ) Net current period other comprehensive income (loss) 1,006 86 1,092 (57 ) (29 ) (86 ) Ending balance $ (40 ) $ 18 $ (22 ) $ (40 ) $ 18 $ (22 ) Nine months ended September 30, 2018 (unaudited) Three months ended September 30, 2018 (unaudited) Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on cash flow hedges Total Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on cash flow hedges Total Beginning balance $ (586 ) $ — $ (586 ) $ (1,342 ) $ (75 ) $ (1,417 ) Other comprehensive income (loss) before reclassifications (726 ) (232 ) (958 ) 28 18 46 Amounts reclassified from accumulated other comprehensive income (loss) 28 232 260 30 57 87 Net current period other comprehensive income (loss) (698 ) — (698 ) 58 75 133 Ending balance $ (1,284 ) $ — $ (1,284 ) $ (1,284 ) $ — $ (1,284 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statements of Income (Loss) Nine months ended September 30, Three months ended September 30, 2019 ( unaudited) 2018 ( unaudited) 2019 ( unaudited) 2018 ( unaudited) Unrealized gains (losses) on cash flow hedges $ 5 $ (5 ) $ 1 $ (1 ) Cost of revenues 269 (225 ) 104 (55 ) Research and development 8 (10 ) 3 (3 ) Sales and marketing 22 (19 ) 9 (4 ) General and administrative 304 (259 ) 117 (63 ) Total, before income taxes 36 (27 ) 14 (6 ) Income tax expense (benefit) 268 (232 ) 103 (57 ) Total, net of income taxes Unrealized gains (losses) on available-for-sale marketable securities (38 ) (30 ) (3 ) (32 ) Financial income (loss), net (9 ) (2 ) — (2 ) Income tax expense (benefit) (29 ) (28 ) (3 ) (30 ) Total, net of income taxes $ 239 $ (260 ) $ 100 $ (87 ) Total, net of income taxes |
Note 2 - Basis of Presentatio_2
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Operating Lease, Right-of-Use Asset | $ 10,688 | $ 9,785 | |
Operating Lease, Liability, Total | $ 10,321 | 9,498 | |
Operating Lease, Right-of-Use Asset [Member] | |||
Prepaid Rent | $ 287 |
Note 3 - Acquisitions (Details
Note 3 - Acquisitions (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 9 Months Ended | |||
Aug. 31, 2019 | Jul. 31, 2019 | Dec. 31, 2019 | Sep. 30, 2019 | Sep. 30, 2019 | Sep. 30, 2018 | |
Payments to Acquire Businesses, Gross | $ 11,000 | |||||
Payments to Acquire Intangible Assets | 10,140 | $ 1,960 | ||||
Licensing Agreements [Member] | Immervision [Member] | ||||||
Payments to Acquire Intangible Assets | $ 10,000 | |||||
Acquisition of Hillcrest Labs [Member] | ||||||
Business Combination, Consideration Transferred, Total | $ 11,204 | |||||
Payments to Acquire Businesses, Gross | 10,000 | |||||
Business Combination, Amount Held in Escrow to Satisfy Possible Indemnification Claims | 1,000 | |||||
Business Combination, Contingent Consideration, Liability, Total | $ 204 | |||||
Business Combination, Acquisition Related Costs | $ 846 | $ 846 | ||||
Acquisition of Hillcrest Labs [Member] | Forecast [Member] | ||||||
Payments to Acquire Businesses, Gross | $ 204 |
Note 3 - Acquisitions - Purchas
Note 3 - Acquisitions - Purchase Price Allocation for Hillcrest Labs Acquisition (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Jul. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Goodwill | $ 51,070 | $ 46,612 | $ 46,612 | |
Acquisition of Hillcrest Labs [Member] | ||||
Tangible assets (including inventory, property and equipment and other) | $ 681 | |||
Goodwill | 4,458 | |||
Total assets | 11,204 | |||
Acquisition of Hillcrest Labs [Member] | Developed Technology Rights [Member] | ||||
Intangible assets | 2,475 | |||
Acquisition of Hillcrest Labs [Member] | Customer Relationships [Member] | ||||
Intangible assets | 3,518 | |||
Acquisition of Hillcrest Labs [Member] | Customer Backlog [Member] | ||||
Intangible assets | $ 72 |
Note 3 - Acquisitions - Purch_2
Note 3 - Acquisitions - Purchase Price Allocation for Immervision Partnership (Details) $ in Millions | Aug. 31, 2019USD ($) |
Immervision [Member] | Core Technologies [Member] | |
Intangible assets | $ 10 |
Note 4 - Revenue Recognition (D
Note 4 - Revenue Recognition (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2019 | Sep. 30, 2019 | |
Contract with Customer, Liability, Revenue Recognized | $ 322 | $ 3,513 |
Note 4 - Revenue Recognition -
Note 4 - Revenue Recognition - Remaining Performance Obligation 2 (Details) $ in Thousands | Sep. 30, 2019USD ($) |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01 | |
Revenue, Remaining Performance Obligation | $ 5,262 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01 | |
Revenue, Remaining Performance Obligation | 7,884 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | |
Revenue, Remaining Performance Obligation | $ 1,780 |
Note 4 - Revenue Recognition _2
Note 4 - Revenue Recognition - Remaining Performance Obligation (Details) (Parentheticals) | Sep. 30, 2019 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year) | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year) | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year) | 1 year |
Note 4 - Revenue Recognition _3
Note 4 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Revenues | $ 23,471 | $ 21,413 | $ 58,840 | $ 56,476 |
Transferred at Point in Time [Member] | ||||
Revenues | 19,670 | 18,505 | 48,531 | 48,732 |
Transferred over Time [Member] | ||||
Revenues | 3,801 | 2,908 | 10,309 | 7,744 |
Connectivity Products [Member] | ||||
Revenues | 19,032 | 19,399 | 46,424 | 46,834 |
Smart Sensing Products [Member] | ||||
Revenues | 4,439 | 2,014 | 12,416 | 9,642 |
License [Member] | ||||
Revenues | 11,269 | 9,786 | 33,084 | 29,907 |
License [Member] | Transferred at Point in Time [Member] | ||||
Revenues | 7,468 | 6,878 | 22,775 | 22,163 |
License [Member] | Transferred over Time [Member] | ||||
Revenues | 3,801 | 2,908 | 10,309 | 7,744 |
License [Member] | Connectivity Products [Member] | ||||
Revenues | 8,608 | 8,210 | 23,324 | 21,769 |
License [Member] | Smart Sensing Products [Member] | ||||
Revenues | 2,661 | 1,576 | 9,760 | 8,138 |
Royalty [Member] | ||||
Revenues | 12,202 | 11,627 | 25,756 | 26,569 |
Royalty [Member] | Transferred at Point in Time [Member] | ||||
Revenues | 12,202 | 11,627 | 25,756 | 26,569 |
Royalty [Member] | Transferred over Time [Member] | ||||
Revenues | ||||
Royalty [Member] | Connectivity Products [Member] | ||||
Revenues | 10,424 | 11,189 | 23,100 | 25,065 |
Royalty [Member] | Smart Sensing Products [Member] | ||||
Revenues | 1,778 | 438 | 2,656 | 1,504 |
UNITED STATES | ||||
Revenues | 3,811 | 2,259 | 7,713 | 6,087 |
UNITED STATES | License [Member] | ||||
Revenues | 3,450 | 1,483 | 6,809 | 4,667 |
UNITED STATES | Royalty [Member] | ||||
Revenues | 361 | 776 | 904 | 1,420 |
Europe and Middle East [Member] | ||||
Revenues | 6,911 | 6,139 | 13,245 | 11,305 |
Europe and Middle East [Member] | License [Member] | ||||
Revenues | 1,241 | 534 | 2,848 | 3,286 |
Europe and Middle East [Member] | Royalty [Member] | ||||
Revenues | 5,670 | 5,605 | 10,397 | 8,019 |
Asia Pacific [Member] | ||||
Revenues | 12,749 | 13,015 | 37,882 | 39,084 |
Asia Pacific [Member] | License [Member] | ||||
Revenues | 6,578 | 7,769 | 23,427 | 21,954 |
Asia Pacific [Member] | Royalty [Member] | ||||
Revenues | $ 6,171 | $ 5,246 | $ 14,455 | $ 17,130 |
Note 4 - Revenue Recognition _4
Note 4 - Revenue Recognition - Assets and Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Contract with customer liability, balance | $ 4,766 | $ 3,593 |
Trade Receivables [Member] | ||
Contract with customer asset, balance | 7,967 | 9,971 |
Accrued Revenues [Member] | Licensing and Other [Member] | ||
Contract with customer asset, balance | 7,985 | 6,745 |
Accrued Revenues [Member] | Royalty [Member] | ||
Contract with customer asset, balance | 10,861 | 9,440 |
Deferred Revenue [Member] | ||
Contract with customer liability, balance | $ 4,766 | $ 3,593 |
Note 5 - Leases (Details Textua
Note 5 - Leases (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2019 | Sep. 30, 2019 | |
Operating Lease, Cost | $ 502 | $ 1,320 |
Operating Lease, Payments | $ 421 | $ 1,380 |
Note 5 - Leases - Summary of We
Note 5 - Leases - Summary of Weighted Average Remaining Lease Terms and Discount Rates (Details) | Sep. 30, 2019 |
weighted average remaining lease term (years) (Year) | 7 years 226 days |
weighted average discount rates | 3.80% |
Note 5 - Leases - Maturities of
Note 5 - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Jan. 01, 2019 |
The remainder of 2019 | $ 705 | |
2020 | 2,361 | |
2021 | 1,566 | |
2022 | 1,272 | |
2023 | 1,192 | |
2024 and thereafter | 4,856 | |
Total undiscounted cash flows | 11,952 | |
Less imputed interest | 1,631 | |
Present value of lease liabilities | $ 10,321 | $ 9,498 |
Note 6 - Marketable Securitie_2
Note 6 - Marketable Securities - Available-for-sale Marketable Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Available-for-sale - matures within one year, Amortized cost | $ 17,245 | $ 6,094 |
Available-for-sale - matures within one year, Gross unrealized gains | 13 | |
Available-for-sale - matures within one year, Gross unrealized losses | (30) | (32) |
Available-for-sale - matures within one year, Fair value | 17,228 | 6,062 |
Available-for-sale - matures after one year through five years, Amortized cost | 53,271 | 72,598 |
Available-for-sale - matures after one year through five years, Gross unrealized gains | 162 | 134 |
Available-for-sale - matures after one year through five years, Gross unrealized losses | (199) | (1,325) |
Available-for-sale - matures after one year through five years, Fair value | 53,234 | 71,407 |
Available-for-sale, Amortized cost | 70,516 | 78,692 |
Available-for-sale, Gross unrealized gains | 175 | 134 |
Available-for-sale, Gross unrealized losses | (229) | (1,357) |
Marketable securities | 70,462 | 77,469 |
Certificates of Deposits [Member] | ||
Available-for-sale - matures after one year through five years, Amortized cost | 747 | |
Available-for-sale - matures after one year through five years, Gross unrealized gains | ||
Available-for-sale - matures after one year through five years, Gross unrealized losses | ||
Available-for-sale - matures after one year through five years, Fair value | 747 | |
Marketable securities | 747 | |
Corporate Bonds [Member] | ||
Available-for-sale - matures within one year, Amortized cost | 17,245 | 6,094 |
Available-for-sale - matures within one year, Gross unrealized gains | 13 | |
Available-for-sale - matures within one year, Gross unrealized losses | (30) | (32) |
Available-for-sale - matures within one year, Fair value | 17,228 | 6,062 |
Available-for-sale - matures after one year through five years, Amortized cost | 52,770 | 71,350 |
Available-for-sale - matures after one year through five years, Gross unrealized gains | 162 | 134 |
Available-for-sale - matures after one year through five years, Gross unrealized losses | (198) | (1,320) |
Available-for-sale - matures after one year through five years, Fair value | 52,734 | 70,164 |
Government Bonds [Member] | ||
Available-for-sale - matures after one year through five years, Amortized cost | 501 | 501 |
Available-for-sale - matures after one year through five years, Gross unrealized gains | ||
Available-for-sale - matures after one year through five years, Gross unrealized losses | (1) | (5) |
Available-for-sale - matures after one year through five years, Fair value | $ 500 | $ 496 |
Note 6 - Marketable Securitie_3
Note 6 - Marketable Securities - Summary of Gross Unrealized Losses and Fair Values on Investments (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Less than 12 months, Fair value | $ 12,974 | $ 16,580 |
Less than 12 months, Gross unrealized loss | (110) | (192) |
12 months or greater, Fair value | 30,835 | 52,590 |
12 months or greater, Gross unrealized loss | $ (119) | $ (1,165) |
Note 6 - Marketable Securitie_4
Note 6 - Marketable Securities - Summary of Gross Realized Gains and Losses from Sale of Available-for-sale Marketable Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Gross realized gains from sale of available-for-sale marketable securities | $ 1 | $ 1 | $ 4 | |
Gross realized losses from sale of available-for-sale marketable securities | $ (4) | $ (32) | $ (39) | $ (34) |
Note 7 - Fair Value Measureme_3
Note 7 - Fair Value Measurement - Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 | |
Marketable securities | $ 70,462 | $ 77,469 | |
Foreign exchange contracts | 20 | ||
Investment in other company | [1] | 936 | |
Foreign exchange contracts | 77 | ||
Fair Value, Inputs, Level 1 [Member] | |||
Foreign exchange contracts | |||
Investment in other company | [1] | ||
Foreign exchange contracts | |||
Fair Value, Inputs, Level 2 [Member] | |||
Foreign exchange contracts | 20 | ||
Investment in other company | [1] | ||
Foreign exchange contracts | 77 | ||
Fair Value, Inputs, Level 3 [Member] | |||
Foreign exchange contracts | |||
Investment in other company | [1] | 936 | |
Foreign exchange contracts | |||
Government Bonds [Member] | |||
Marketable securities | 500 | 496 | |
Government Bonds [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Marketable securities | |||
Government Bonds [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Marketable securities | 500 | 496 | |
Government Bonds [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Marketable securities | |||
Certificates of Deposits [Member] | |||
Marketable securities | 747 | ||
Certificates of Deposits [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Marketable securities | |||
Certificates of Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Marketable securities | 747 | ||
Certificates of Deposits [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Marketable securities | |||
Corporate Bonds [Member] | |||
Marketable securities | 69,962 | 76,226 | |
Corporate Bonds [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Marketable securities | |||
Corporate Bonds [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Marketable securities | 69,962 | 76,226 | |
Corporate Bonds [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Marketable securities | |||
[1] | Non- marketable equity securities remeasured during the year ended December 31, 2018. |
Note 8 - Goodwill and Intangi_3
Note 8 - Goodwill and Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | ||
Finite-Lived Intangible Assets, Gross, Total | $ 24,426 | $ 8,361 | |||
Intangible Assets Expenditures Incurred but Not yet Paid | $ 750 | ||||
NB-IoT technologies [Member] | |||||
Finite-lived Intangible Assets Acquired | $ 2,800 | ||||
Finite Lived Intangible Assets Acquired, Balance Not Received | $ 600 | ||||
Finite-Lived Intangible Assets, Gross, Total | [1] | 2,200 | $ 2,200 | ||
Intangible Assets Expenditures Incurred but Not yet Paid | $ 610 | ||||
[1] | During the first quarter of 2018, the Company entered into an agreement to acquire certain NB-IoT technologies in the amount of $2,800, of which technologies valued at $600 has not been received. Of the $2,200, $610 has not resulted in cash outflows as of September 30, 2019. The Company recorded the amortization cost of the NB-IoT technologies in "cost of revenues" on the Company's interim condensed consolidated statements of income (loss). |
Note 8 - Goodwill and Intangi_4
Note 8 - Goodwill and Intangible Assets, Net - Changes in Goodwill (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019 | Dec. 31, 2018 | |
Balance | $ 46,612 | $ 46,612 |
Acquisition | 4,458 | |
Balance | $ 51,070 | $ 46,612 |
Note 8 - Goodwill and Intangi_5
Note 8 - Goodwill and Intangible Assets, Net - Schedule of Finite-lived Intangible Assets (Details) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2019 | Dec. 31, 2018 | ||
Total intangible assets, Gross Carrying Amount | $ 24,426 | $ 8,361 | |
Total intangible assets, Accumulated Amortization | 7,073 | 5,661 | |
Intangible assets, net | $ 17,353 | 2,700 | |
Customer Relationships [Member] | RivieraWaves [Member] | |||
Total intangible assets, Weighted Average Amortization Period (Year) | 4 years 182 days | ||
Total intangible assets, Gross Carrying Amount | $ 272 | 272 | |
Total intangible assets, Accumulated Amortization | 272 | 272 | |
Intangible assets, net | |||
Customer Relationships [Member] | Acquisition of Hillcrest Labs [Member] | |||
Total intangible assets, Weighted Average Amortization Period (Year) | 4 years 146 days | ||
Total intangible assets, Gross Carrying Amount | $ 3,518 | ||
Total intangible assets, Accumulated Amortization | 176 | ||
Intangible assets, net | $ 3,342 | ||
Customer Backlog [Member] | RivieraWaves [Member] | |||
Total intangible assets, Weighted Average Amortization Period (Year) | 1 year 182 days | ||
Total intangible assets, Gross Carrying Amount | $ 93 | 93 | |
Total intangible assets, Accumulated Amortization | 93 | 93 | |
Intangible assets, net | |||
Customer Backlog [Member] | Acquisition of Hillcrest Labs [Member] | |||
Total intangible assets, Weighted Average Amortization Period (Year) | 182 days | ||
Total intangible assets, Gross Carrying Amount | $ 72 | ||
Total intangible assets, Accumulated Amortization | 29 | ||
Intangible assets, net | $ 43 | ||
Core Technologies [Member] | Immervision [Member] | |||
Total intangible assets, Weighted Average Amortization Period (Year) | 6 years 146 days | ||
Total intangible assets, Gross Carrying Amount | $ 10,000 | ||
Total intangible assets, Accumulated Amortization | 274 | ||
Intangible assets, net | $ 9,726 | ||
Core Technologies [Member] | RivieraWaves [Member] | |||
Total intangible assets, Weighted Average Amortization Period (Year) | 5 years 36 days | ||
Total intangible assets, Gross Carrying Amount | $ 5,796 | 5,796 | |
Total intangible assets, Accumulated Amortization | 5,586 | 4,955 | |
Intangible assets, net | $ 210 | 841 | |
Core Technologies [Member] | Acquisition of Hillcrest Labs [Member] | |||
Total intangible assets, Weighted Average Amortization Period (Year) | 7 years 182 days | ||
Total intangible assets, Gross Carrying Amount | $ 2,475 | ||
Total intangible assets, Accumulated Amortization | 67 | ||
Intangible assets, net | $ 2,408 | ||
NB-IoT technologies [Member] | |||
Total intangible assets, Weighted Average Amortization Period (Year) | [1] | 7 years | |
Total intangible assets, Gross Carrying Amount | [1] | $ 2,200 | 2,200 |
Total intangible assets, Accumulated Amortization | [1] | 576 | 341 |
Intangible assets, net | [1] | $ 1,624 | $ 1,859 |
[1] | During the first quarter of 2018, the Company entered into an agreement to acquire certain NB-IoT technologies in the amount of $2,800, of which technologies valued at $600 has not been received. Of the $2,200, $610 has not resulted in cash outflows as of September 30, 2019. The Company recorded the amortization cost of the NB-IoT technologies in "cost of revenues" on the Company's interim condensed consolidated statements of income (loss). |
Note 8 - Goodwill and Intangi_6
Note 8 - Goodwill and Intangible Assets, Net - Future Amortization Expense (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
2019 | $ 1,021 | |
2020 | 3,080 | |
2021 | 3,075 | |
2022 | 3,075 | |
2023 | 2,399 | |
2024 and thereafter | 4,703 | |
Total intangible assets | $ 17,353 | $ 2,700 |
Note 9 - Geographic Informati_3
Note 9 - Geographic Information and Major Customer Data (Details Textual) | 9 Months Ended |
Sep. 30, 2019 | |
Number of Reportable Segments | 1 |
Note 9 - Geographic Informati_4
Note 9 - Geographic Information and Major Customer Data - Revenues Based on Customer Location (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | ||||
Revenues | $ 23,471 | $ 21,413 | $ 58,840 | $ 56,476 | |||
UNITED STATES | |||||||
Revenues | 3,811 | 2,259 | 7,713 | 6,087 | |||
Europe and Middle East [Member] | |||||||
Revenues | 6,911 | 6,139 | 13,245 | 11,305 | |||
Asia Pacific [Member] | |||||||
Revenues | 12,749 | 13,015 | 37,882 | 39,084 | |||
GERMANY | |||||||
Revenues | 5,425 | 5,600 | 10,613 | 8,582 | [1] | ||
CHINA | |||||||
Revenues | 8,993 | $ 10,192 | 25,542 | 23,127 | |||
KOREA, REPUBLIC OF | |||||||
Revenues | [1] | [1] | 7,152 | ||||
JAPAN | |||||||
Revenues | $ 6,544 | $ 6,116 | |||||
[1] | Less than 10% |
Note 9 - Geographic Informati_5
Note 9 - Geographic Information and Major Customer Data - Major Customers Data as Percentage of Total Revenues (Details) - Revenue from Contract with Customer Benchmark [Member] - Customer Concentration Risk [Member] | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |||
Customer A [Member] | ||||||
Percentage of total revenues | 23.00% | 26.00% | 19.00% | 16.00% | ||
Customer B [Member] | ||||||
Percentage of total revenues | 15.00% | 16.00% | 15.00% | 16.00% | ||
Customer C [Member] | ||||||
Percentage of total revenues | [1] | [1] | 12.00% | |||
[1] | Less than 10% |
Note 10 - Net Loss Per Share _3
Note 10 - Net Loss Per Share of Common Stock (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 105,901 | 136,113 | 1,385,525 | 1,273,610 |
Note 10 - Net Loss Per Share _4
Note 10 - Net Loss Per Share of Common Stock - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net loss | $ 775 | $ 2,543 | $ (3,034) | $ (1,729) |
Basic (in shares) | 21,953 | 21,997 | 21,936 | 22,091 |
Effect of stock -based awards (in shares) | 451 | 431 | ||
Diluted (in shares) | 22,404 | 22,428 | 21,936 | 22,091 |
Basic net income (loss) per share (in dollars per share) | $ 0.04 | $ 0.12 | $ (0.14) | $ (0.08) |
Diluted net income (loss) per share (in dollars per share) | $ 0.03 | $ 0.11 | $ (0.14) | $ (0.08) |
Note 11 - Common Stock and St_3
Note 11 - Common Stock and Stock-based Compensation Plans (Details Textual) - USD ($) $ in Thousands | May 07, 2019 | Feb. 19, 2019 | Sep. 30, 2019 | Dec. 31, 2018 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options and Stock Appreciation Rights, Outstanding Number | [2] | 647,973 | [1] | 702,817 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options and Stock Appreciation Rights, Exercisable Number | [2],[3] | 611,677 | ||||
Non-employee Director [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Annual Vesting, Percentage | 25.00% | |||||
Maximum [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options and Stock Appreciation Rights, Outstanding Number | 601,167 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options and Stock Appreciation Rights, Exercisable Number | 565,070 | |||||
Stock Appreciation Rights (SARs) [Member] | Maximum [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Awards Granted | 400.00% | |||||
Percentage of Stock Appreciation Rights Units Subject to Grant | 75.00% | |||||
The2011 Stock Incentive Plan [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options and Stock Appreciation Rights Vesting Percentage, Year One | 25.00% | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Remaining Vesting Period | 3 years | |||||
Stock Options and SARs [Member] | ||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 44 | |||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 1 year | |||||
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | 3 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 10,000 | 30,000 | ||||
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member] | Vesting on February 19, 2020 [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||||
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member] | Vesting on February 19, 2021 [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||||
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member] | Vesting on February 19, 2022 [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||||
Performance Share Units [Member] | Chief Executive Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 24,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Number to Be Granted If 100% License Revenue Target is Met | 20,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Proportional Percentage to Be Received for Each Increase of 1 Percent Beyond the License Revenue Target | 1.00% | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Ceiling as a Percentage of Baseline Number to Be Granted if the License Revenue Target is Exceeded | 120.00% | |||||
Performance Share Units [Member] | Maximum [Member] | Chief Executive Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Percentage of License Revenue Target, Proportional Percentage to Be Received upon Achievement | 99.00% | |||||
Performance Share Units [Member] | Minimum [Member] | Chief Executive Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Percentage of License Revenue Target, Proportional Percentage to Be Received upon Achievement | 90.00% | |||||
RSUs and PSUs [Member] | ||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 16,238 | |||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 1 year 219 days | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 489,099 | |||||
[1] | Due to the ceiling imposed on the SAR grants, the outstanding amount equals a maximum of 601,167 shares of the Company's common stock issuable upon exercise. | |||||
[2] | The SAR units are convertible for a maximum number of shares of the Company's common stock equal to 75% of the SAR units subject to the grant. | |||||
[3] | Due to the ceiling imposed on the SAR grants, the exercisable amount equals a maximum of 565,070 shares of the Company's common stock issuable upon exercise. |
Note 11 - Common Stock and St_4
Note 11 - Common Stock and Stock-based Compensation Plans - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2019 | Dec. 31, 2018 | |||
Outstanding, Number of shares (in shares) | [1] | 702,817 | ||
Outstanding, Weighted average exercise price (in dollars per share) | $ 20.14 | [2] | $ 19.88 | |
Outstanding, Weighted average remaining contractual term (Year) | 3 years 255 days | [2] | 4 years 109 days | |
Outstanding, Aggregated intrinsic value | $ 6,361 | [2] | $ 2,708 | |
Granted, Number of shares (in shares) | [1] | |||
Exercised, Number of shares (in shares) | [1] | (54,114) | ||
Exercised, Weighted average exercise price (in dollars per share) | $ 16.73 | |||
Forfeited or expired, Number of shares (in shares) | [1] | (730) | ||
Forfeited or expired, Weighted average exercise price (in dollars per share) | $ 21.83 | |||
Outstanding, Number of shares (in shares) | [1] | 647,973 | [2] | 702,817 |
Exercisable, Number of shares (in shares) | [1],[3] | 611,677 | ||
Exercisable, Weighted average exercise price (in dollars per share) | [3] | $ 19.62 | ||
Exercisable, Weighted average remaining contractual term (Year) | [3] | 3 years 219 days | ||
Exercisable, Aggregated intrinsic value | [3] | $ 6,313 | ||
[1] | The SAR units are convertible for a maximum number of shares of the Company's common stock equal to 75% of the SAR units subject to the grant. | |||
[2] | Due to the ceiling imposed on the SAR grants, the outstanding amount equals a maximum of 601,167 shares of the Company's common stock issuable upon exercise. | |||
[3] | Due to the ceiling imposed on the SAR grants, the exercisable amount equals a maximum of 565,070 shares of the Company's common stock issuable upon exercise. |
Note 11 - Common Stock and St_5
Note 11 - Common Stock and Stock-based Compensation Plans - Summary of Restricted Stock Units Activity (Details) - RSUs and PSUs [Member] | 9 Months Ended |
Sep. 30, 2019$ / sharesshares | |
Unvested, number (in shares) | shares | 564,390 |
Unvested, weighted average fair value (in dollars per share) | $ / shares | $ 32.28 |
Granted, number (in shares) | shares | 489,099 |
Granted, weighted average fair value (in dollars per share) | $ / shares | $ 27.77 |
Vested, number (in shares) | shares | (266,820) |
Vested, weighted average fair value (in dollars per share) | $ / shares | $ 29.78 |
Forfeited or expired, number (in shares) | shares | (49,117) |
Forfeited or expired, weighted average fair value (in dollars per share) | $ / shares | $ 31.19 |
Unvested, number (in shares) | shares | 737,552 |
Unvested, weighted average fair value (in dollars per share) | $ / shares | $ 30.27 |
Note 11 - Common Stock and St_6
Note 11 - Common Stock and Stock-based Compensation Plans - Equity-based Compensation Expense Included in Interim Condensed Consolidated Statements of Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Total equity-based compensation expense | $ 2,752 | $ 2,467 | $ 7,847 | $ 8,083 |
Cost of Revenues [Member] | ||||
Total equity-based compensation expense | 168 | 155 | 464 | 480 |
Research and Development, Net [Member] | ||||
Total equity-based compensation expense | 1,494 | 1,246 | 4,314 | 3,874 |
Sales and Marketing [Member] | ||||
Total equity-based compensation expense | 362 | 369 | 1,112 | 1,246 |
General and Administrative [Member] | ||||
Total equity-based compensation expense | $ 728 | $ 697 | $ 1,957 | $ 2,483 |
Note 11 - Common Stock and St_7
Note 11 - Common Stock and Stock-based Compensation Plans - Valuation Assumptions (Details) - Employee Stock Purchase Plan [Member] | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Expected dividend yield | 0.00% | 0.00% | 0.00% | 0.00% |
Expected volatility | 42.00% | 38.00% | ||
Risk-free interest rate | 2.00% | 2.20% | ||
Contractual term of up to (Month) | 2 years | 2 years | 2 years | 2 years |
Minimum [Member] | ||||
Expected volatility | 42.00% | 35.00% | ||
Risk-free interest rate | 2.00% | 0.70% | ||
Maximum [Member] | ||||
Expected volatility | 43.00% | 42.00% | ||
Risk-free interest rate | 2.50% | 2.20% |
Note 12 - Derivatives and Hed_3
Note 12 - Derivatives and Hedging Activities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Derivative, Notional Amount | $ 3,450 | $ 3,450 | $ 9,100 | ||
Derivative, Gain (Loss) on Derivative, Net, Total | $ 117 | $ (63) | $ 304 | $ (259) |
Note 12 - Derivatives and Hed_4
Note 12 - Derivatives and Hedging Activities - Fair Value of Outstanding Derivative Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Foreign exchange contracts | $ 20 | |
Derivative Liabilities | 77 | |
Derivatives Designated as Cash Flow Hedging Instruments [Member] | Foreign Exchange Option Contracts [Member] | ||
Foreign exchange contracts | 14 | |
Derivative Liabilities | 14 | |
Derivatives Designated as Cash Flow Hedging Instruments [Member] | Foreign Exchange Forward Contracts [Member] | ||
Foreign exchange contracts | 6 | |
Derivative Liabilities | $ 63 |
Note 12 - Derivatives and Hed_5
Note 12 - Derivatives and Hedging Activities - Effective Portion of the Gains and Losses on Derivative Instruments Designated (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Gain (loss) recognized in other comprehensive income (loss), Effective portion, Net, Total | $ 83 | $ 21 | $ 401 | $ (259) |
Derivatives Designated as Cash Flow Hedging Instruments [Member] | ||||
Gain (loss) recognized in other comprehensive income (loss), Effective portion, Net, Total | 83 | 21 | 401 | (259) |
Derivatives Designated as Cash Flow Hedging Instruments [Member] | Foreign Exchange Option Contracts [Member] | ||||
Gain (loss) recognized in other comprehensive income (loss), Effective portion, Net, Total | 33 | (2) | 62 | (128) |
Derivatives Designated as Cash Flow Hedging Instruments [Member] | Foreign Exchange Forward Contracts [Member] | ||||
Gain (loss) recognized in other comprehensive income (loss), Effective portion, Net, Total | $ 50 | $ 23 | $ 339 | $ (131) |
Note 12 - Derivatives and Hed_6
Note 12 - Derivatives and Hedging Activities - Net (Gains) Losses Reclassified from Accumulated Other Comprehensive Loss (Details) - Derivatives Designated as Cash Flow Hedging Instruments [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Gain (loss) reclassified from accumulated OCI into income, Effective portion, Net, Total | $ (117) | $ 63 | $ (304) | $ 259 |
Foreign Exchange Option Contracts [Member] | ||||
Gain (loss) reclassified from accumulated OCI into income, Effective portion, Net, Total | (27) | 20 | (34) | 117 |
Foreign Exchange Forward Contracts [Member] | ||||
Gain (loss) reclassified from accumulated OCI into income, Effective portion, Net, Total | $ (90) | $ 43 | $ (270) | $ 142 |
Note 13 - Accumulated Other C_3
Note 13 - Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Balances of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Balance | $ 244,645 | $ 244,366 | $ 245,879 | $ 244,670 |
Balance | 249,360 | 244,388 | 249,360 | 244,388 |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||||
Balance | 17 | (1,342) | (1,046) | (586) |
Other comprehensive income (loss) before reclassifications | (60) | 28 | 977 | (726) |
Amounts reclassified from accumulated other comprehensive income (loss) | 3 | 30 | 29 | 28 |
Net current period other comprehensive income (loss) | (57) | 58 | 1,006 | (698) |
Balance | (40) | (1,284) | (40) | (1,284) |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||
Balance | 47 | (75) | (68) | |
Other comprehensive income (loss) before reclassifications | 74 | 18 | 354 | (232) |
Amounts reclassified from accumulated other comprehensive income (loss) | (103) | 57 | (268) | 232 |
Net current period other comprehensive income (loss) | (29) | 75 | 86 | |
Balance | 18 | 18 | ||
AOCI Attributable to Parent [Member] | ||||
Balance | 64 | (1,417) | (1,114) | (586) |
Other comprehensive income (loss) before reclassifications | 14 | 46 | 1,331 | (958) |
Amounts reclassified from accumulated other comprehensive income (loss) | (100) | 87 | (239) | 260 |
Net current period other comprehensive income (loss) | (86) | 133 | 1,092 | (698) |
Balance | $ (22) | $ (1,284) | $ (22) | $ (1,284) |
Note 13 - Accumulated Other C_4
Note 13 - Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Cost of revenues | $ (2,767) | $ (2,006) | $ (7,283) | $ (5,966) |
Research and development | (13,873) | (11,897) | (38,593) | (35,756) |
Sales and marketing | 2,832 | 2,727 | 8,809 | 9,302 |
General and administrative | (3,509) | (2,406) | (8,360) | (8,193) |
Total, before income taxe | 336 | 2,983 | (3,083) | (882) |
Income taxes expense (benefit) | (439) | 440 | (49) | 847 |
Net loss | 775 | 2,543 | (3,034) | (1,729) |
Financial income, net | 603 | 831 | 2,299 | 2,535 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Net loss | 100 | (87) | 239 | (260) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains (Losses) on Cash Flow Hedges [Member] | ||||
Cost of revenues | 1 | (1) | 5 | (5) |
Research and development | 104 | (55) | 269 | (225) |
Sales and marketing | 3 | (3) | 8 | (10) |
General and administrative | 9 | (4) | 22 | (19) |
Total, before income taxe | 117 | (63) | 304 | (259) |
Income taxes expense (benefit) | 14 | (6) | 36 | (27) |
Net loss | 103 | (57) | 268 | (232) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains (Losses) on Available-for-sale Marketable Securities [Member] | ||||
Income taxes expense (benefit) | (2) | (9) | (2) | |
Net loss | (3) | (30) | (29) | (28) |
Financial income, net | $ (3) | $ (32) | $ (38) | $ (30) |
Note 14 - Share Repurchase Pr_2
Note 14 - Share Repurchase Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Treasury Stock, Shares, Acquired | 0 | 216,156 | 194,316 | 527,212 |
Treasury Stock Acquired, Average Cost Per Share | $ 29.18 | $ 25.01 | $ 31.76 | |
Treasury Stock, Value, Acquired, Cost Method | $ 6,308 | $ 4,861 | $ 16,742 | |
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 160,864 | 160,864 |
Note 16 - Uncertain Tax Posit_2
Note 16 - Uncertain Tax Positions (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2019 | Sep. 30, 2019 | |
Income Tax Benefit Resulting From Prior Year Tax Positions | $ 1,029 | $ 1,029 |
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions | $ 2,164 | $ 2,164 |