Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 07, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'DSP GROUP INC /DE/ | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 22,552,463 | ' |
Entity Public Float | ' | ' | $95,095,074 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0000915778 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and cash equivalents | $23,578 | $21,684 |
Restricted deposits | 77 | 121 |
Marketable securities and short-term deposits (Note 3) | 13,895 | 20,201 |
Trade receivables, net | 21,195 | 20,403 |
Other accounts receivable and prepaid expenses (Note 4) | 2,733 | 3,757 |
Inventories (Note 5) | 12,334 | 12,916 |
Total current assets | 73,812 | 79,082 |
PROPERTY AND EQUIPMENT, NET (Note 6) | 2,837 | 3,706 |
LONG-TERM ASSETS: | ' | ' |
Long-term marketable securities (Note 3) | 90,162 | 78,333 |
Long-term prepaid expenses and lease deposits | 100 | 208 |
Severance pay fund | 11,168 | 10,197 |
Investment in other company (Note 9) | 2,200 | ' |
Intangible assets, net (Note 7) | 6,710 | 8,380 |
Goodwill | 5,276 | 5,276 |
115,616 | 102,394 | |
Total assets | 192,265 | 185,182 |
CURRENT LIABILITIES: | ' | ' |
Trade payables | 14,149 | 14,027 |
Accrued compensation and benefits | 9,845 | 7,545 |
Income tax accruals and payables | 1,985 | 1,894 |
Accrued expenses and other accounts payable (Note 10) | 5,532 | 6,514 |
Total current liabilities | 31,511 | 29,980 |
LONG-TERM LIABILITIES: | ' | ' |
Deferred income taxes | 1,183 | 1,569 |
Accrued severance pay | 11,179 | 10,436 |
Accrued pensions (Note 11) | 981 | 970 |
Total long-term liabilities | 13,343 | 12,975 |
COMMITMENTS AND CONTINGENCIES (Note 14) | ' | ' |
Capital stock: | ' | ' |
Preferred stock, $0.001 par value - Authorized: 5,000,000 shares at December 31, 2013 and 2012; Issued and outstanding: none at December 31, 2013 and 2012 | 0 | 0 |
Common stock, $0.001 par value - Authorized: 50,000,000 shares at December 31, 2013 and 2012; Issued and outstanding: 22,349,780 and 21,673,779 shares at December 31, 2013 and 2012, respectively | 22 | 22 |
Additional paid-in capital | 350,494 | 346,335 |
Treasury stock | -118,749 | -125,724 |
Accumulated other comprehensive income (loss) | -821 | 988 |
Accumulated deficit | -83,535 | -79,394 |
Total stockholders' equity | 147,411 | 142,227 |
Total liabilities and stockholders' equity | $192,265 | $185,182 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, Authorized shares | 5,000,000 | 5,000,000 |
Preferred stock, Issued shares | 0 | 0 |
Preferred stock, Outstanding shares | 0 | 0 |
Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, Authorized shares | 50,000,000 | 50,000,000 |
Common stock, Issued shares | 22,349,780 | 21,673,779 |
Common stock, Outstanding shares | 22,349,780 | 21,673,779 |
Consolidated_Statements_Of_Ope
Consolidated Statements Of Operations (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Revenues | $151,063 | $162,790 | $193,861 | |||
Costs of revenues (1) | 91,237 | [1] | 101,660 | [1] | 123,734 | [1] |
Gross profit | 59,826 | 61,130 | 70,127 | |||
Operating expenses: | ' | ' | ' | |||
Research and development, net (2) | 35,000 | [2] | 42,539 | [2] | 53,244 | [2] |
Sales and marketing (3) | 11,273 | [3] | 14,237 | [3] | 16,497 | [3] |
General and administrative (4) | 11,812 | [4] | 10,638 | [4] | 12,920 | [4] |
Amortization of intangible assets | 1,672 | 2,310 | 7,972 | |||
Restructuring expenses (income) | ' | 2,008 | -170 | |||
Total operating expenses | 59,757 | 71,732 | 90,463 | |||
Operating income (loss) | 69 | -10,602 | -20,336 | |||
Financial income, net (Note 12) | 2,457 | 2,388 | 1,885 | |||
Other income from remeasurement of investment in a business combination | ' | ' | 1,343 | |||
Income (loss) before income tax benefit | 2,526 | -8,214 | -17,108 | |||
Income tax benefit | -150 | -172 | -866 | |||
Net income (loss) | $2,676 | ($8,042) | ($16,242) | |||
Net income (loss) per share: | ' | ' | ' | |||
Basic and diluted (in Dollars per share) | $0.12 | ($0.37) | ($0.70) | |||
Weighted average number of shares used in per share computations of: | ' | ' | ' | |||
Basic net income (loss) per share (in Shares) | 22,249 | 21,950 | 23,247 | |||
Diluted net income (loss) per share (in Shares) | 22,906 | 21,950 | 23,247 | |||
[1] | Includes equity-based compensation expense in the amount of $253, $330 and $403 for the years ended December 31, 2013,2012 and 2011, respectively. | |||||
[2] | Includes equity-based compensation expense in the amount of $1,873, $2,425 and $2,767 for the years ended December 31,2013, 2012 and 2011, respectively. | |||||
[3] | Includes equity-based compensation expense in the amount of $478, $778 and $987 for the years ended December 31, 2013,2012 and 2011, respectively. | |||||
[4] | Includes equity-based compensation expense in the amount of $1,555, $1,450 and $2,063 for the years ended December 31,2013, 2012 and 2011, respectively. |
Consolidated_Statements_Of_Ope1
Consolidated Statements Of Operations (Parentheticals) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity-based compensation expense included in cost of revenues | $253 | $330 | $403 |
Equity-based compensation expenses included in research and development, net | 1,873 | 2,425 | 2,767 |
Equity-based compensation expense included in sales and marketing | 478 | 778 | 987 |
Equity-based compensation expense included in general and administrative | $1,555 | $1,450 | $2,063 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Loss (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income (loss): | $2,676 | ($8,042) | ($16,242) |
Available-for-sale securities: | ' | ' | ' |
Changes in unrealized gains (losses) | -304 | 2,621 | -809 |
Reclassification adjustments for gains included in net income (loss) | -1,009 | -670 | -155 |
Net change | -1,313 | 1,951 | -964 |
Cash flow hedges: | ' | ' | ' |
Changes in unrealized gains (losses) | 372 | 635 | -325 |
Reclassification adjustments for (gains) losses included in net income (loss) | -856 | 325 | -625 |
Net change | -484 | 960 | -950 |
Change in unrealized components of defined benefit plans: | ' | ' | ' |
Losses arising during the period | -11 | -161 | -1 |
Amortization of actuarial loss and prior service benefit | 11 | 2 | 2 |
Curtailments, settlements and other | ' | ' | 36 |
Net change | ' | -159 | 37 |
Foreign currency translation adjustments, net | -12 | -8 | -234 |
Other comprehensive income (loss) | -1,809 | 2,744 | -2,111 |
Comprehensive income (loss) | $867 | ($5,298) | ($18,353) |
Statements_Of_Changes_In_State
Statements Of Changes In Statements Of Stockholdersb Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Total | |
In Thousands, except Share data | |||||||
Balance at Dec. 31, 2010 | $23 | $335,132 | ($119,280) | $355 | ($49,127) | $167,103 | |
Balance (in Shares) at Dec. 31, 2010 | 23,253,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan | 1 | [1] | ' | 4,483 | ' | -2,448 | 2,036 |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan, shares (in Shares) | 423,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees | ' | [1] | ' | 1,309 | ' | -942 | 367 |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees, shares (in Shares) | 124,000 | ' | ' | ' | ' | -339,000 | |
Purchase of treasury stock | -1 | ' | -8,748 | ' | ' | -8,749 | |
Purchase of treasury stock (in Shares) | -1,298,000 | ' | ' | ' | ' | 1,298,000 | |
Equity-based compensation | ' | 6,220 | ' | ' | ' | 6,220 | |
Net income (loss) | ' | ' | ' | ' | -16,242 | -16,242 | |
Change in foreign currency translation adjustments, net | ' | ' | ' | -2,111 | ' | -2,111 | |
Balance at Dec. 31, 2011 | 23 | 341,352 | -122,236 | -1,756 | -68,759 | 148,624 | |
Balance (in Shares) at Dec. 31, 2011 | 22,502,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan | ' | [1] | ' | 4,485 | ' | -2,507 | 1,978 |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan, shares (in Shares) | 446,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees | ' | [1] | ' | 86 | ' | -86 | ' |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees, shares (in Shares) | 9,000 | ' | ' | ' | ' | -127,000 | |
Purchase of treasury stock | -1 | ' | -8,059 | ' | ' | -8,060 | |
Purchase of treasury stock (in Shares) | -1,283,000 | ' | ' | ' | ' | 1,283,000 | |
Equity-based compensation | ' | 4,983 | ' | ' | ' | 4,983 | |
Net income (loss) | ' | ' | ' | ' | -8,042 | -8,042 | |
Change in foreign currency translation adjustments, net | ' | ' | ' | 2,744 | ' | 2,744 | |
Balance at Dec. 31, 2012 | 22 | 346,335 | -125,724 | 988 | -79,394 | 142,227 | |
Balance (in Shares) at Dec. 31, 2012 | 21,674,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan | ' | [1] | ' | 3,668 | ' | -2,004 | 1,664 |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan, shares (in Shares) | 374,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees | 1 | [1] | ' | 6,796 | ' | -4,813 | 1,984 |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees, shares (in Shares) | 692,000 | ' | ' | ' | ' | -2,105,000 | |
Purchase of treasury stock | -1 | ' | -3,489 | ' | ' | -3,490 | |
Purchase of treasury stock (in Shares) | -390,000 | ' | ' | ' | ' | 390,000 | |
Equity-based compensation | ' | 4,159 | ' | ' | ' | 4,159 | |
Net income (loss) | ' | ' | ' | ' | 2,676 | 2,676 | |
Change in foreign currency translation adjustments, net | ' | ' | ' | -1,809 | ' | -1,809 | |
Balance at Dec. 31, 2013 | $22 | $350,494 | ($118,749) | ($821) | ($83,535) | $147,411 | |
Balance (in Shares) at Dec. 31, 2013 | 22,350,000 | ' | ' | ' | ' | ' | |
[1] | Represents an amount lower than $1. |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Net income (loss) | $2,676 | ($8,042) | ($16,242) | |||
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities: | ' | ' | ' | |||
Depreciation | 1,994 | 3,168 | 4,244 | |||
Equity-based compensation expenses related to employees' stock options, SARs and RSUs | 4,159 | 4,983 | 6,220 | |||
Capital loss (gain) from sale and disposal of property and equipment | ' | -57 | 22 | |||
Realized gain from sale of marketable securities | -1,009 | -670 | -155 | |||
Amortization of intangible assets | 1,672 | 2,310 | 7,972 | |||
Accrued interest and amortization of premium on marketable securities and short-term deposits | 747 | 1,295 | 1,267 | |||
Gain from remeasurement to fair value of investment as a result of business combination | ' | ' | -1,343 | |||
Change in operating assets and liabilities: | ' | ' | ' | |||
Deferred income tax assets and liabilities, net | -377 | -12 | 32 | |||
Trade receivables, net | -767 | 5,281 | -562 | |||
Other accounts receivable and prepaid expenses | 536 | 2,175 | 502 | |||
Inventories | 587 | 3,535 | 2,395 | |||
Long-term prepaid expenses and lease deposits | 153 | 264 | 175 | |||
Trade payables | 121 | -3,965 | -1,216 | |||
Accrued compensation and benefits | 3,952 | 1,277 | -1,562 | |||
Income tax accruals and payables | 54 | -705 | -1,179 | |||
Accrued expenses and other accounts payable | -989 | -567 | -463 | |||
Accrued severance pay, net | -228 | -65 | -783 | |||
Accrued pensions | -31 | ' | 78 | |||
Net cash provided by (used in) operating activities | 13,250 | 10,205 | -598 | |||
Cash flows from investing activities: | ' | ' | ' | |||
Purchase of marketable securities | -67,850 | -75,483 | -73,002 | |||
Purchase of short-term deposits | -2,849 | -2,670 | -13,000 | |||
Proceeds from maturity of marketable securities | 18,325 | 25,911 | 68,072 | |||
Proceeds from sales of marketable securities | 42,949 | 39,063 | 11,910 | |||
Proceeds from redemption of short-term deposits | 2,849 | 15,643 | 10,000 | |||
Proceeds from sales of property and equipment | ' | 81 | 59 | |||
Purchases of property and equipment | -1,118 | -1,094 | -2,317 | |||
Investment in other company | -2,200 | ' | ' | |||
Acquisition of initially consolidated subsidiary (1) | ' | [1] | ' | [1] | -8,320 | [1] |
Net cash provided by (used in) investing activities | -9,894 | 1,451 | -6,598 | |||
Cash flows from financing activities: | ' | ' | ' | |||
Issuance of common stock and treasury stock upon exercise of stock options and SARs | 1,984 | ' | 367 | |||
Purchase of treasury stock | -3,490 | -8,060 | -8,749 | |||
Net cash used in financing activities | -1,506 | -8,060 | -8,382 | |||
Increase (decrease) in cash and cash equivalents | 1,850 | 3,596 | -15,578 | |||
Cash and cash equivalents at the beginning of the year | 21,684 | 18,109 | 33,912 | |||
Cash (erosion) due to exchange rate differences | 44 | -21 | -225 | |||
Cash and cash equivalents at the end of the year | 23,578 | 21,684 | 18,109 | |||
Taxes on income | $149 | $145 | $332 | |||
[1] | The net fair value of the assets acquired and the liabilities assumed, on the date of acquisition of BoneTone Communications Ltd. ("BoneTone"), was as follows: |
Acquisition_of_BoneTone_Commun
Acquisition of BoneTone Communications | 12 Months Ended | ||||
Dec. 31, 2011 | |||||
Business Combinations [Abstract] | ' | ||||
Business Combination Disclosure [Text Block] | ' | ||||
Year ended | |||||
December 31, | |||||
2011 | |||||
Working capital, excluding cash and cash equivalents | $ | (91 | ) | ||
Property and equipment | 26 | ||||
Long-Term deferred tax liabilities, net | (1,569 | ) | |||
In-process R&D | 7,702 | ||||
Non-competition agreement | 519 | ||||
Goodwill | 5,276 | ||||
11,863 | |||||
The acquisition date fair value of the Company's previously held equity interest in BoneTone | (3,543 | ) | |||
$ | 8,320 | ||||
Note_1_General
Note 1 - General | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Disclosure Text Block [Abstract] | ' | ||||
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' | ||||
NOTE 1:- GENERAL | |||||
DSP Group, Inc. (the "Company"), a Delaware corporation, and its subsidiaries, collectively, are a fabless semiconductor company offering advanced chipset solutions for a variety of applications. The Company is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, audio, video and data. | |||||
The Company sells its products primarily through distributors and directly to OEMs and original design manufacturers (ODMs) who incorporate the Company's products into consumer and enterprise products. The Company's future performance will depend, in part, on the continued success of its distributors in marketing and selling its products. The loss of the Company's distributors and the Company's inability to obtain satisfactory replacements in a timely manner may harm the Company's sales and results of operations. In addition, the Company expects that a limited number of customers, varying in identity from period-to-period, will account for a substantial portion of its revenues in any period. The loss of, or reduced demand for products from, any of the Company's major customers could have a material adverse effect on the Company's business, financial condition and results of operations. | |||||
Sales to Hong Kong-based VTech Holdings Ltd. ("VTech") represented 36%, 35% and 33% of the Company's total revenues for 2013, 2012 and 2011, respectively. Revenues derived from sales through one distributor, Tomen Electronics Corporation ("Tomen Electronics"), accounted for 19%, 21% and 19% of the Company's total revenues for 2013, 2012 and 2011, respectively. Tomen Electronics sells the Company's products to a limited number of customers. One customer, Panasonic Communications Co., Ltd. ("Panasonic"), has continually accounted for a majority of the sales of Tomen Electronics. Sales to Panasonic through Tomen Electronics generated approximately 14%, 15% and 13% of the Company's total revenues for 2013, 2012 and 2011, respectively. Additionally, sales to Uniden America Corporation ("Uniden") represented 4%, 11% and 10% of the Company's total revenues for 2013, 2012 and 2011, respectively. Sales to CCT Telecom Holdings Ltd. represented 9%, 8% and 11% of the Company's total revenues for 2013, 2012 and 2011, respectively. The Japanese and Hong Kong markets and the OEMs that operate in those markets are among the largest suppliers in the world with significant market share in the U.S. market for residential wireless products. | |||||
The majority of the revenues derived from the above mentioned customers are included to the Home segment. | |||||
All of the Company's integrated circuit products are manufactured and tested by independent foundries and test houses. While these foundries and test houses have been able to adequately meet the demands of the Company's business, the Company is and will continue to be dependent upon these foundries and test houses to achieve acceptable manufacturing yields, quality levels and costs, and to allocate to the Company a sufficient portion of foundry and test capacity to meet the Company's needs in a timely manner. Revenues could be materially and adversely affected should any of these foundries and test houses fail to meet the Company's request for product manufacturing due to a shortage of production capacity, process difficulties, low yield rates or financial instability. Additionally, certain of the raw materials, components, and subassemblies included in the products manufactured by the Company's original equipment manufacturer (OEM) customers, which incorporate the Company's products, are obtained from a limited group of suppliers. Disruptions, shortages, or termination of certain of these sources of supply could occur and could negatively affect the Company's financial condition and results of operations. | |||||
Acquisition of BoneTone Communications | |||||
In November 2009, the Company made an investment of $2,200 in BoneTone Communications Ltd. ("BoneTone"), an Israeli private company and provider of innovative chip solutions that redefine audio quality and voice intelligibility in mobile devices and headsets, in return for approximately 30% of the equity of BoneTone, on a fully diluted basis. The Company also signed a call option agreement pursuant to which the Company had the option to purchase from all holders of BoneTone all of the remaining outstanding securities for a period of 24 months commencing on the closing date of the initial investment. | |||||
On December 1, 2011, the Company exercised the option and acquired the remaining equity of BoneTone for a net purchase price of $8,600 (the "BoneTone Acquisition"). | |||||
The BoneTone Acquisition has been accounted for using the purchase method of accounting as determined by Financial Accounting Standards Board ("FASB") Accounting Standards Code ("ASC") 805, "Business Combinations." Accordingly, the purchase price has been allocated to the assets acquired and the liabilities assumed based on the estimated fair value on the date of the acquisition. | |||||
Subsequent to the BoneTone Acquisition and as a result of the remeasurement of the initial 30% equity interest in BoneTone in accordance with ASC 805-25, the Company recorded other income in the amount of $1,343 that was calculated as follows: | |||||
The acquisition-date fair value of the equity interest immediately before the acquisition date | $ | 3,543 | |||
Equity interest immediately before the acquisition date on a cost basis | (2,200 | ) | |||
Gain as a result of remeasuring the fair value of the equity interest | $ | 1,343 | |||
The Company used an income approach to measure the acquisition-date fair value of the equity interest in BoneTone held by the Company immediately before the acquisition date. | |||||
The BoneTone Acquisition provides the Company with diversification and cutting-edge technology in the promising and fast-growing mobile devices market. | |||||
The results of operations of BoneTone have been included in the Company's consolidated financial statements since December 1, 2011. | |||||
Based upon a valuation of the tangible and intangible assets acquired and liabilities assumed, the Company has allocated the total purchase price of the BoneTone Acquisition as follows: | |||||
1-Dec-11 | |||||
Cash | $ | 267 | |||
Other current assets | 32 | ||||
Property and equipment | 26 | ||||
Other non-current assets | 68 | ||||
Current liabilities | (107 | ) | |||
Long-term deferred tax liability, net | (1,569 | ) | |||
Accrued severance pay | (73 | ) | |||
Net liabilities assumed | (1,356 | ) | |||
Intangible assets: | |||||
In-process research and development | 7,702 | ||||
Non-competition agreement | 519 | ||||
Total intangible assets | 8,221 | ||||
Goodwill - | 5,276 | ||||
Net assets acquired | $ | 12,141 | |||
In performing the purchase price allocation, the Company considered, among other factors, the intention for future use of the acquired assets, analyses of historical financial performance and estimates of future performance of BoneTone products. The fair value of the intangible assets was based on a valuation completed by a third party valuation firm using an income approach and estimates and assumptions provided by management. | |||||
The amount allocated to in-process research and development ("IPR&D") was determined using the income approach, on the basis of the present value of cash flows attributable to the IPR&D. The guidance in ASC 350 "Intangibles – Goodwill and Other" specifies that intangible assets acquired in a business combination for use in a particular R&D project are considered indefinite-lived intangible assets until the completion or abandonment of the associated R&D efforts. Accordingly, during the development period after the BoneTone Acquisition, these assets should not be amortized but, instead, should be subject to impairment review and testing provisions of ASC 350-30-35-18 and 35-18A for indefinite-lived intangibles. | |||||
Upon completion of the development process for the acquired R&D, the associated assets will be considered to be finite-lived intangible assets and amortized on a straight line basis over its expected future life. The expected future life period is estimated based on the duration of the cash flow associated with the technologies created by the IPR&D once they are completed and start generating revenues. | |||||
The amount assigned to the non-competition agreement relates to the non-competition agreement that the Company entered into with the founder of BoneTone in connection with the BoneTone Acquisition, which was determined using the income approach and is amortized on a straight line basis over three years, which represents the non-competition period between the Company and BoneTone founder. | |||||
The excess of the purchase price of $5,276 over the net tangible assets and identifiable intangible assets acquired in the BoneTone Acquisition is recognized as goodwill. An acquired workforce and control premium that did not meet the separability criteria have been included in the amount assigned to goodwill. The goodwill recognized represents mainly the synergies the Company expects from the BoneTone Acquisition, both in revenues and expenses, and the expected benefits to the Company from the acquisition. The goodwill associated with the BoneTone Acquisition is expected not to be deductible for tax purposes. |
Note_2_Significant_Accounting_
Note 2 - Significant Accounting Policies | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||||||
Significant Accounting Policies [Text Block] | ' | ||||||||||||||||||||
NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES | |||||||||||||||||||||
a. Use of estimates: | |||||||||||||||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |||||||||||||||||||||
b. Financial statements in U.S. dollars: | |||||||||||||||||||||
Most of the revenues of the Company and its subsidiaries are generated in U.S. dollars ("dollar"). In addition, a substantial portion of the costs of the Company and its subsidiaries are incurred in dollars. The Company's management believes that the dollar is the currency of the primary economic environment in which the Company and its subsidiaries operate. Thus, the functional and reporting currency of the Company and its subsidiaries is the dollar. | |||||||||||||||||||||
Monetary accounts maintained in currencies other than the dollar are remeasured into dollars in accordance with ASC No. 830-30, "Translation of Financial Statements." All transaction gains and losses resulting from the remeasurement of monetary balance sheet items are reflected in the consolidated statements of operations as financial income or expenses as appropriate. | |||||||||||||||||||||
As a result of an acquisition of the Cordless and VoIP Terminals Business (the "CIPT Business") of NXP B.V. ("NXP") (the "CIPT Acquisition"), the financial statements of the Company's subsidiary – DSP Group Technologies GmbH whose functional currency is not the dollar, has been translated into dollars. All amounts on the balance sheets have been translated into the dollar using the exchange rates in effect on the relevant balance sheet dates. All amounts in the consolidated statements of operations have been translated into the dollar using the average exchange rate for the relevant periods. The resulting translation adjustments are reported as a component of accumulated other comprehensive income (loss) in changes in stockholders' equity. | |||||||||||||||||||||
Accumulated other comprehensive loss related to foreign currency translation adjustments, net amounted to $193 and $181 as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||||
c. Principles of consolidation: | |||||||||||||||||||||
The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. | |||||||||||||||||||||
d. Cash and cash equivalents: | |||||||||||||||||||||
The Company and its subsidiaries consider all highly liquid investments, which are readily convertible to cash with a maturity of three months or less on the date of acquisition, to be cash equivalents. | |||||||||||||||||||||
e. Restricted deposits: | |||||||||||||||||||||
Restricted deposits include deposits which are used as security for one of the Company's lease agreements. | |||||||||||||||||||||
f. Short-term deposits: | |||||||||||||||||||||
Bank deposits with original maturities of more than three months and less than one year are presented at cost, including accrued interest. | |||||||||||||||||||||
g. Marketable securities: | |||||||||||||||||||||
The Company and its subsidiaries account for investments in debt securities in accordance with FASB ASC No. 320-10, "Investments in Debt and Equity Securities." Management determines the appropriate classification of the Company's investments in debt securities at the time of purchase and reevaluates such determinations at each balance sheet date. | |||||||||||||||||||||
The Company classified all of its investments in marketable securities as available for sale. | |||||||||||||||||||||
Available-for-sale securities are carried at fair value, with the unrealized gains and losses, reported in other comprehensive income (loss) using the specific identification method. Unrealized losses determined to be other-than-temporary are recorded as a financial expense. The amortized cost of marketable securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization is included in financial income, net. Interest and dividends on securities are included in financial income, net. | |||||||||||||||||||||
The marketable securities are periodically reviewed for impairment. If management concludes that any of these investments are impaired, management determines whether such impairment is other-than-temporary. Factors considered in making such a determination include the duration and severity of the impairment, the reason for the decline in value and the potential recovery period, and the Company's intent to sell, or whether it is more likely than not that the Company will be required to sell the investment before recovery of cost basis. For debt securities, only the decline attributable to deteriorating credit of an-other-than-temporary impairment is recorded in the consolidated statement of operations, unless the Company intends, or more likely than not it will be forced, to sell the security. During the years ended December 31, 2013, 2012 and 2011, the Company did not record an-other-than-temporary impairment loss (see Note 3). | |||||||||||||||||||||
h. Fair value of financial instruments: | |||||||||||||||||||||
Cash and cash equivalents, restricted deposits, short-term deposits, trade receivables, trade payables and accrued liabilities approximate fair value due to short term maturities of these instruments. Marketable securities and derivative instruments are carried at fair value. See Note 3 for more information. | |||||||||||||||||||||
Fair value is an exit price, representing the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a basis for considering such assumptions and for inputs used in valuation methodologies to measure fair value: | |||||||||||||||||||||
Level 1- | Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. | ||||||||||||||||||||
Level 2- | Include other inputs that are directly or indirectly observable in the marketplace. | ||||||||||||||||||||
Level 3- | Unobservable inputs which are supported by little or no market activity. | ||||||||||||||||||||
The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. | |||||||||||||||||||||
i. Inventories: | |||||||||||||||||||||
Inventories are stated at the lower of cost or market value. Inventory reserves are provided to cover risks arising from slow-moving items or technological obsolescence. | |||||||||||||||||||||
The Company and its subsidiaries periodically evaluate the quantities on hand relative to historical, current and projected sales volume. Based on this evaluation, an impairment charge is recorded when required to write-down inventory to its market value. | |||||||||||||||||||||
Cost is determined as follows: | |||||||||||||||||||||
Work in progress and finished products- on the basis of raw materials and manufacturing costs on an average basis. | |||||||||||||||||||||
The Company regularly evaluates the ability to realize the value of inventory based on a combination of factors, including the following: historical usage rates and forecasted sales according to outstanding backlogs. Purchasing requirements and alternative usage are explored within these processes to mitigate inventory exposure. When recorded, the reserves are intended to reduce the carrying value of inventory to its net realizable value. Inventory of $12,334 and $12,916 as of December 31, 2013 and 2012, respectively, is stated net of inventory reserves of $591 and $1,466 in each year, respectively. If actual demand for the Company's products deteriorates, or market conditions are less favorable than those projected, additional inventory reserves may be required. | |||||||||||||||||||||
j. Property and equipment: | |||||||||||||||||||||
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, at the following annual rates: | |||||||||||||||||||||
% | |||||||||||||||||||||
Computers and equipment | 20 | - | 33 | ||||||||||||||||||
Office furniture and equipment | 6 | - | 15 | ||||||||||||||||||
Leasehold improvements | Over the shorter of the related lease period or the life of the asset | ||||||||||||||||||||
Property and equipment of the Company and its subsidiaries are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of such assets to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. | |||||||||||||||||||||
During the years ended December 31, 2013, 2012 and 2011, no impairment losses were identified for property and equipment. | |||||||||||||||||||||
The Company accounts for costs of computer software developed or obtained for internal use in accordance with FASB ASC No. 350-40, "The Internal Use Software." FASB ASC 350-40 requires the capitalization of certain costs incurred in connection with developing or obtaining internal use software. During 2013, 2012 and 2011, the Company capitalized $34, $22 and $253, respectively, of internal use software cost. Such costs are amortized using the straight-line method over their estimated useful life of three years. | |||||||||||||||||||||
k. Goodwill and other intangible assets: | |||||||||||||||||||||
The goodwill and certain other purchased intangible assets have been recorded as a result of the BoneTone Acquisition and the CIPT Acquisition. Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill is not amortized, but rather is subject to an annual impairment test. The Company performs an annual impairment test during the fourth quarter of each fiscal year, or more frequently if impairment indicators are present. | |||||||||||||||||||||
For goodwill, the Company may first assess qualitative factors , in accordance with ASU 2011-08, to determine whether the existence of events or circumstances leads to a determination that it is “more likely than not” that the fair value of the reporting unit is less than its carrying amount and whether the two-step impairment test on goodwill is required. If based upon qualitative factors it is “more likely than not” that the fair value of a reporting unit is greater than its carrying amount, it will not be required to proceed to a two-step impairment test on goodwill. However, the Company also has the option to proceed directly to a two-step impairment test on goodwill. In the first step of the two-step impairment test, the Company compares the fair value of each reporting unit to its carrying value. If the fair value exceeds the carrying value of the net assets, goodwill is considered not impaired and the Company is not required to perform further testing. If the carrying value of the net assets exceeds the fair value, then the Company must perform the second step of the two-step impairment test in order to determine the implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, then the Company would record an impairment loss equal to the difference. | |||||||||||||||||||||
The Company's reporting units are consistent with the reportable segments identified in Note 16. | |||||||||||||||||||||
Fair value is determined using discounted cash flows, market multiples and market capitalization. Significant estimates used in the methodologies include estimates of future cash-flows, future short-term and long-term growth rates, weighted average cost of capital and market multiples for the reporting unit. | |||||||||||||||||||||
For the fiscal year ended December 31, 2013, the Company performed a quantitative assessment on its goodwill. | |||||||||||||||||||||
Intangible assets that are not considered to have an indefinite useful life are amortized using the straight-line basis over their estimated useful lives, which range from 3 to 7.3 years. The carrying amount of these assets is reviewed whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Recoverability of these assets is measured by comparison of the carrying amount of the asset to the future undiscounted cash flows the asset is expected to generate. | |||||||||||||||||||||
If the asset is considered to be impaired, the amount of any impairment is measured as the difference between the carrying value and the fair value of the impaired asset. | |||||||||||||||||||||
During 2013, 2012 and 2011, no impairment losses were identified. | |||||||||||||||||||||
l. Severance pay: | |||||||||||||||||||||
DSP Group Ltd., the Company's Israeli subsidiary ("DSP Israel"), has a liability for severance pay pursuant to Israeli law, based on the most recent monthly salary of its employees multiplied by the number of years of employment as of the balance sheet date for such employees. DSP Israel's liability is fully provided for by monthly accrual and deposits with severance pay funds and insurance policies. | |||||||||||||||||||||
The deposited funds include profits accumulated up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to Israel's Severance Pay Law or labor agreements. | |||||||||||||||||||||
Severance expenses for the years ended December 31, 2013, 2012 and 2011, were $1,494, $1,660 and $2,089, respectively. | |||||||||||||||||||||
m. Employee benefit plan: | |||||||||||||||||||||
The Company has a 401(K) deferred compensation plan covering all employees in the U.S. All eligible employees may elect to contribute up to 75% of their compensation to the plan through salary deferrals, subject to IRS limits. The maximum deferral for calendar year 2013 was $17 ($22.5 if the employee reached the age of 50 by December 31, 2013). The Company currently offers an employer matching program. The matching contribution currently is 50% on the first 6% of compensation contributed per year. This matching contribution vests 25% per year over the first four years of the employee's service in the Company. Employer contribution to the plan for the years 2013, 2012 and 2011 was $23, $28 and $56, respectively. | |||||||||||||||||||||
n. Revenue recognition: | |||||||||||||||||||||
The Company and its subsidiaries generate their revenues from sales of products. The Company and its subsidiaries sell their products through a direct sales force and through a network of distributors. | |||||||||||||||||||||
Product sales are recognized when persuasive evidence of an agreement exists, delivery of the product has occurred, the fee is fixed or determinable, collectability is reasonably assured, and no significant obligations remain. | |||||||||||||||||||||
Persuasive evidence of an arrangement exists - The Company's sales arrangements with customers are pursuant to written documentation, either a written contract or purchase order. The actual documentation used is dependent on the business practice with each customer. Therefore, the Company determines that persuasive evidence of an arrangement exists with respect to a customer when it has a written contract, or a written purchase order from the customer. | |||||||||||||||||||||
Delivery has occurred - Each written documentation relating to a sale arrangement that is agreed upon with the customer specifically sets forth when risk and title are being transferred (based on the agreed International Commercial terms, or "INCOTERMS"). Therefore, the Company determines that risk and title are transferred to the customer when the terms of the written documentation based on the applicable INCOTERMS are satisfied and thus delivery of its products has occurred. | |||||||||||||||||||||
Separately, the Company has consignment inventory which is held for specific customers at the customers' premises. It recognizes revenue on the consigned inventory when the customer consumes the products from the warehouse, as that is when per the consignment inventory agreements, risk and title passes to the customer and the products are deemed delivered to the customer. | |||||||||||||||||||||
The fee is fixed or determinable - Pursuant to the customer agreements, the Company does not provide any price protection, stock rotation, right of return and/or other discount programs and thus the fee is considered fixed and determinable upon execution of the written documentation with the customers. Additionally, payments that are due within the normal course of the Company's credit terms, which are currently no more than four months from the contract date, are deemed to be fixed and determinable based on the Company's successful collection history for such arrangements. | |||||||||||||||||||||
Collectibility is reasonably assured - The Company determines whether collectability is reasonably assured on a customer-by-customer basis pursuant to its credit review policy. The Company typically sells to customers with whom it has a long-term business relationship and a history of successful collection. A significant number of the Company's customers are also large original equipment manufacturers with substantial financial resources. For a new customer, or when an existing customer substantially expands its commitments, the Company evaluates the customer's financial position, the number of years the customer has been in business, the history of collection with the customer and the customer's ability to pay and typically assigns a credit limit based on that review. The Company increases the credit limit only after it has established a successful collection history with the customer. If the Company determines at any time that collectability is not reasonably assured under a particular arrangement based upon its credit review process, the customer's payment history or information that comes to light about a customer's financial position, it recognizes revenue under that arrangement as customer payments are actually received. | |||||||||||||||||||||
With respect to product sales through the Company's distributors, such product revenues are deferred until the distributors resell the Company's products to the end-customers ("sell through") and recognized based upon receipt of reports from the distributors, provided all other revenue recognition criteria as discussed above are met. | |||||||||||||||||||||
The Company views its distributor arrangements as that of consignment because, although the actual sales are conducted through the distributors and legally title for the products passes to the distributors upon delivery to the distributors, in substance inventory is simply being transferred to another location for sale to the end-user customers as the Company's primary business relationships and responsibilities are directly with the end-user customers. Because the Company views its arrangements with its distributors as that of consignment relationships, delivery of goods is not deemed to have occurred solely upon delivery to the distributors. Therefore, the Company recognizes revenues from distributors under the "sell-through" method. As a result, revenue is deferred at the time of shipment to the distributors and is recognized only when the distributors sell the products to the end-user customers. | |||||||||||||||||||||
o. Warranty: | |||||||||||||||||||||
The Company warrants its products against errors, defects and bugs for generally one year. The Company estimates the costs that may be incurred under its warranty and records a liability in the amount of such costs. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. Warranty costs and liability were immaterial for the years ended December 31, 2013, 2012 and 2011. | |||||||||||||||||||||
p. Research and development costs: | |||||||||||||||||||||
Research and development costs, net of grants received, are charged to the consolidated statement of operations as incurred. | |||||||||||||||||||||
q. Government grants: | |||||||||||||||||||||
Government grants received by the Company’s Israeli subsidiary relating to categories of operating expenditures are credited to the consolidated statements of income during the period in which the expenditure to which they relate is charged. Royalty and non-royalty-bearing grants from the Israeli Office of the Chief Scientist ("OCS") for funding certain approved research and development projects are recognized at the time when the Company’s Israeli subsidiary is entitled to such grants, on the basis of the related costs incurred, and are included as a deduction from research and development expenses, net. | |||||||||||||||||||||
The Company recorded grants (most of which are royalty bearing grants) in the amount of $2,116 for the year ended December 31, 2013. In 2012, the Company recorded non-royalty-bearing grants from the OCS in the amount of $386. | |||||||||||||||||||||
The Company’s Israeli subsidiary is obligated to pay royalties amounting to 5% of the sales of certain products the development of which received grants from the OCS in previous years. The obligation to pay these royalties is contingent on actual sales of such products. Grants received from the OCS may become repayable if certain criteria under the grants are not met. The Israeli Research and Development Law provides that know-how developed under an approved research and development program may not be transferred to third parties without the approval of the OCS. Such approval is not required for the sale or export of any products resulting from such research or development. The OCS, under special circumstances, may approve the transfer of OCS-funded know-how outside Israel, in the following cases: (a) the grant recipient pays to the OCS a portion of the sale price paid in consideration for such OCS-funded know-how or in consideration for the sale of the grant recipient itself, as the case may be, which portion will not exceed six times the amount of the grants received plus interest (or three times the amount of the grant received plus interest, in the event that the recipient of the know-how has committed to retain the R&D activities of the grant recipient in Israel after the transfer); (b) the grant recipient receives know-how from a third party in exchange for its OCS-funded know-how; (c) such transfer of OCS-funded know-how arises in connection with certain types of cooperation in research and development activities; or (d) if such transfer of know-how arises in connection with a liquidation by reason of insolvency or receivership of the grant recipient. | |||||||||||||||||||||
r. Equity-based compensation: | |||||||||||||||||||||
At December 31, 2013, the Company had three equity incentive plans from which the Company may grant future equity awards and two expired equity incentive plans from which no future equity awards may be granted but had outstanding equity awards granted prior to expiration. The Company also had one employee stock purchase plan. See full description in Note 11. | |||||||||||||||||||||
The Company accounts for equity-based compensation in accordance with FASB ASC No. 718, "Stock Compensation" ("FASB ASC No. 718"). FASB ASC No. 718 requires companies to estimate the fair value of equity-based awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statements of operations. | |||||||||||||||||||||
The Company recognizes compensation expenses for the value of its awards granted based on the accelerated attribution method, rather than a straight-line method over the requisite service period of each of the awards, net of estimated forfeitures. FASB ASC No. 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Estimated forfeitures are based on actual historical pre-vesting forfeitures. | |||||||||||||||||||||
FASB ASC No. 718 requires cash flows resulting from tax deductions in excess of the compensation costs recognized for those equity-based awards to be classified as financing cash flows. | |||||||||||||||||||||
The Company selected the lattice option pricing model as the most appropriate fair value method for its equity-based awards and values options and stock appreciation rights (SARs) based on the market value of the underlying shares on the date of grant. The option-pricing model requires a number of assumptions, of which the most significant are the expected stock price volatility and the expected term of the equity-based award. Expected volatility is calculated based upon actual historical stock price movements. The expected term of the equity-based award granted is based upon historical experience and represents the period of time that the award granted is expected to be outstanding. The risk-free interest rate is based on the yield from U.S. treasury bonds with an equivalent term. The Company has historically not paid dividends and has no foreseeable plans to pay dividends. | |||||||||||||||||||||
s. Basic and diluted income (loss) per share: | |||||||||||||||||||||
Basic net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the year. Diluted net income (loss) per share further include the dilutive effect of stock options, stock appreciation rights (SARs) and restricted stock units (“RSUs”) outstanding during the year, all in accordance with FASB ASC No. 260, "Earnings Per Share." | |||||||||||||||||||||
The total weighted average number of shares related to the outstanding stock options, SARs and RSUs excluded from the calculation of diluted net income (loss) per share due to their anti-dilutive effect was 2,730,867, 7,584,336 and 7,980,475 for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||||||
t. Income taxes: | |||||||||||||||||||||
The Company and its subsidiaries account for income taxes in accordance with FASB ASC No. 740, "Income Taxes." This topic prescribes the use of the liability method, whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates that will be in effect when the differences are expected to reverse. The Company and its subsidiaries provide a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value. | |||||||||||||||||||||
Deferred tax liabilities and assets are classified as current or non-current based on the classification of the related asset or liability for financial reporting, or according to the expected reversal dates of the specific temporary differences if not related to an asset or liability for financial reporting. | |||||||||||||||||||||
The Company reports a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. | |||||||||||||||||||||
u. Concentrations of credit risk: | |||||||||||||||||||||
Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, restricted deposits, short-term deposits, trade receivables and marketable securities. | |||||||||||||||||||||
The majority of cash and cash equivalents and short-term deposits of the Company and its subsidiaries is invested in dollar deposits with major U.S., European and Israeli banks. Such investments in U.S. banks may be in excess of insured limits and are not insured in other jurisdictions. Generally, cash and cash equivalents and short-term deposits may be redeemed on demand and therefore a minimal credit risk exists with respect to these deposits and investments. | |||||||||||||||||||||
The Company's marketable securities consist of investment-grade corporate bonds and U.S. government-sponsored enterprise ("GSE") securities. As of December 31, 2013, the amortized cost of the Company's marketable securities was $101,537, and their stated market value was $101,146, representing an unrealized loss of $391. | |||||||||||||||||||||
A significant portion of the products of the Company and its subsidiaries is sold to original equipment manufacturers of consumer electronics products. The customers of the Company and its subsidiaries are located primarily in Japan, Hong Kong, Taiwan, China, Korea, Europe and the United States. The Company and its subsidiaries perform ongoing credit evaluations of their customers. A specific allowance for doubtful accounts is determined, based on management's estimates and historical experience. Under certain circumstances, the Company may require a letter of credit. The Company covers most of its trade receivables through credit insurance. As of December 31, 2013 and 2012, no allowance for doubtful accounts was provided. | |||||||||||||||||||||
The Company and its subsidiaries have no off-balance-sheet concentration of credit risk, except for certain derivative instruments as mentioned below. | |||||||||||||||||||||
v. Derivative instruments: | |||||||||||||||||||||
FASB ASC No. 815,"Derivatives and Hedging", requires companies to recognize all of their derivative instruments as either assets or liabilities on the balance sheet at fair value. | |||||||||||||||||||||
For derivative instruments that are designated and qualify as a cash flows hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Any gain or loss on a derivative instrument in excess of the cumulative change in the present value of future cash flows of the hedged item is recognized in current earnings during the period of change. | |||||||||||||||||||||
To protect against the increase in value of forecasted foreign currency cash flows resulting from salary and rent payments in New Israeli Shekel ("NIS") during the year, the Company instituted a foreign currency cash flow hedging program. The Company hedges portions of the anticipated payroll and rent of its Israeli facilities denominated in NIS for a period of one to 12 months with put and call options and forward contracts. These forward contracts and put and call options are designated as cash flow hedges and are all effective as hedges of these expenses. | |||||||||||||||||||||
The fair value of the outstanding derivative instruments at December 31, 2013 and 2012 is summarized below: | |||||||||||||||||||||
Fair value of | |||||||||||||||||||||
derivative instruments | |||||||||||||||||||||
Derivative assets | As of December 31, | ||||||||||||||||||||
(liabilities) | Balance sheet location | 2013 | 2012 | ||||||||||||||||||
Foreign exchange forward contracts and put and call options | Other accounts receivable and prepaid expenses | $ | - | $ | 484 | ||||||||||||||||
Total | $ | - | $ | 484 | |||||||||||||||||
The effect of derivative instruments in cash flow hedging transactions on income and other comprehensive income ("OCI") for the years ended December 31, 2013, 2012 and 2011 is summarized below: | |||||||||||||||||||||
Gains (losses) on derivatives | |||||||||||||||||||||
recognized in OCI | |||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Foreign exchange forward contracts and put and call options | $ | 372 | $ | 635 | $ | (325 | ) | ||||||||||||||
Gains (losses) on derivatives reclassified | |||||||||||||||||||||
from OCI to income | |||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||
Location | 2013 | 2012 | 2011 | ||||||||||||||||||
Foreign exchange forward contracts and put and call options | Operating expenses | $ | 856 | $ | (325 | ) | $ | 625 | |||||||||||||
As of December 31, 2013 and 2012, the Company had outstanding option contracts in the amount of $0 and $15,800, respectively. | |||||||||||||||||||||
w. Comprehensive income: | |||||||||||||||||||||
The Company accounts for comprehensive income in accordance with FASB ASC No. 220, "Comprehensive Income." This topic establishes standards for the reporting and display of comprehensive income and its components in a full set of general purpose financial statements. Comprehensive income generally represents all changes in stockholders' equity during the period except those resulting from investments by, or distributions to, stockholders. The Company determined that its items of comprehensive income relate to gains and losses on hedging derivative instruments, unrealized gains and losses on available-for-sale securities, unrealized gains and losses from pension and unrealized gain and losses from foreign currency translation adjustments. | |||||||||||||||||||||
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for 2013: | |||||||||||||||||||||
Unrealized gains (losses)on available-for-sale marketable securities | Unrealized gains (losses) on Cash Flow Hedges | Unrealized gains (losses)on components of definded benefit plans | Unrealized gains (losses) on foreign currency translation | Total | |||||||||||||||||
Beginning balance | $ | 922 | $ | 484 | $ | (237 | ) | $ | (181 | ) | $ | 988 | |||||||||
Other comprehensive income (loss) before reclassifications | (304 | ) | 372 | (11 | ) | (12 | ) | 45 | |||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (1,009 | ) | (856 | ) | 11 | - | (1,854 | ) | |||||||||||||
Net current period other comprehensive income (loss) | (1,313 | ) | (484 | ) | - | (12 | ) | (1,809 | ) | ||||||||||||
Ending balance | $ | (391 | ) | $ | - | $ | (237 | ) | (193 | ) | $ | (821 | ) | ||||||||
The following table provides details about reclassifications out of accumulated other comprehensive income (loss) for 2013: | |||||||||||||||||||||
Details about Accumulated Other Comprehensive | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Affected Line Item in the Statement of Income (Loss) | |||||||||||||||||||
Income (Loss) Components | |||||||||||||||||||||
(In millions) | |||||||||||||||||||||
Gains on available-for-sale marketable securities | $ | (1009 | ) | Financial income, net | |||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
(1009 | ) | Total, net of income taxes | |||||||||||||||||||
Gains on cash flow hedges | |||||||||||||||||||||
(672 | ) | Research and development | |||||||||||||||||||
(66 | ) | Sales and marketing | |||||||||||||||||||
(118 | ) | General and administrative | |||||||||||||||||||
(856 | ) | Total, before income taxes | |||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
(856 | ) | Total, net of income taxes | |||||||||||||||||||
Income on components of defined benefit plans | 6 | Research and development | |||||||||||||||||||
5 | Sales and marketing | ||||||||||||||||||||
11 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
11 | Total, net of income taxes | ||||||||||||||||||||
Total reclassifications for the period | (1,854 | ) | Total, net of income taxes | ||||||||||||||||||
x. Treasury stock: | |||||||||||||||||||||
The Company repurchases its common stock from time to time on the open market or in other transactions and holds such shares as treasury stock. The Company presents the cost to repurchase treasury stock as a reduction of stockholders' equity. | |||||||||||||||||||||
From time to time, the Company reissues treasury shares under its employee stock purchase plan and equity incentive plans, upon purchases or exercises of equity awards under the plans. When treasury stock is reissued, the Company accounts for the re-issuance in accordance with FASB ASC No. 505-30, "Treasury Stock" and charges the excess of the purchase cost over the re-issuance price (loss) to retained earnings. The purchase cost is calculated based on the specific identification method. In case the purchase cost is lower than the re-issuance price, the Company credits the difference to additional paid-in capital. | |||||||||||||||||||||
y. Investment in other company: | |||||||||||||||||||||
Investment in other company is stated at cost. The Company followed ASC 323, "Investments - Equity and Joint Ventures", to determine whether it should apply the equity method of accounting to investment in other than common stock with regard to a certain investment in preferred shares, and determined that the preferred shares are not in substance common stock. | |||||||||||||||||||||
The Company's investment in other company is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an investment may not be recoverable, in accordance with ASC 325-20. As of December 31, 2013, no impairment loss was indicated (see also Note 9). |
Note_3_Marketable_Securities_a
Note 3 - Marketable Securities and Time Deposits | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||
NOTE 3: MARKETABLE SECURITIES AND TIME DEPOSITS | |||||||||||||||||||||||||
The following is a summary of marketable securities and time deposits at December 31, 2013 and 2012 (see also Note 8): | |||||||||||||||||||||||||
Amortized cost | Unrealized gains | Fair value | |||||||||||||||||||||||
(losses), net | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Short term deposit | $ | 2,911 | $ | 2,708 | $ | - | $ | - | $ | 2,911 | $ | 2,708 | |||||||||||||
U.S. GSE securities | 3,093 | 1,506 | (11 | ) | 4 | 3,082 | 1,510 | ||||||||||||||||||
Corporate obligations | 98,444 | 93,398 | (380 | ) | 918 | 98,064 | 94,316 | ||||||||||||||||||
$ | 104,448 | $ | 97,612 | $ | (391 | ) | $ | 922 | $ | 104,057 | $ | 98,534 | |||||||||||||
The amortized cost of marketable debt securities at December 31, 2013, by contractual maturities or anticipated dates of sale, are shown below: | |||||||||||||||||||||||||
Amortized | Unrealized gains(losses) | Fair | |||||||||||||||||||||||
Cost | Gains | Losses | value | ||||||||||||||||||||||
Due in one year or less | $ | 10,961 | $ | 23 | $ | - | $ | 10,984 | |||||||||||||||||
Due after one year to five years | 90,576 | 162 | (576 | ) | 90,162 | ||||||||||||||||||||
$ | 101,537 | $ | 185 | $ | (576 | ) | $ | 101,146 | |||||||||||||||||
The amortized cost of marketable debt securities at December 31, 2012, by contractual maturities or anticipated dates of sale, are shown below: | |||||||||||||||||||||||||
Amortized | Unrealized gains (losses) | Fair | |||||||||||||||||||||||
Cost | Gains | Losses | value | ||||||||||||||||||||||
Due in one year or less | $ | 17,454 | $ | 40 | $ | (1 | ) | $ | 17,493 | ||||||||||||||||
Due after one year to six years | 77,450 | 1,018 | (135 | ) | 78,333 | ||||||||||||||||||||
$ | 94,904 | $ | 1,058 | $ | (136 | ) | $ | 95,826 | |||||||||||||||||
The actual maturity dates may differ from the contractual maturities because debtors may have the right to call or prepay obligations without penalties. | |||||||||||||||||||||||||
The total fair value of marketable securities with outstanding unrealized losses as of December 31, 2013 amounted to $46,943, while the unrealized losses for these marketable securities amounted to $576. Of the $576 unrealized losses outstanding as of December 31, 2013, a portion of which in the amount of $145 was related to marketable securities that were in a loss position for more than 12 months and the remaining portion of $431 was related to marketable securities that were in a loss position for less than 12 months. | |||||||||||||||||||||||||
The total fair value of marketable securities with outstanding unrealized losses as of December 31, 2012 amounted to $31,546 , while the unrealized losses for these marketable securities amounted to $136. Of the $136 unrealized losses outstanding as of December 31, 2012, a portion of which in the amount of $13 related to marketable securities that were in a loss position for more than 12 months and the remaining portion of $123 was related to marketable securities that were in a loss position for less than 12 months. | |||||||||||||||||||||||||
Management believes that as of December 31, 2013, the unrealized losses in the Company's investments in all types of marketable securities were temporary and no impairment loss was realized in the Company's consolidated statements of operations. | |||||||||||||||||||||||||
The unrealized losses related to corporate obligations were primarily due to changes in interest rates. Because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at December 31, 2013. | |||||||||||||||||||||||||
Proceeds from maturity of available-for-sale marketable securities during 2013, 2012 and 2011 were $18,325, $25,911 and $68,072, respectively. Proceeds from sales of available-for-sale marketable securities during 2013, 2012 and 2011 were $42,949, $39,063 and $11,910, respectively. Realized gains from the sale of available-for sale marketable securities for 2013, 2012 and 2011 were $1,013, $708 and $181, respectively. Realized losses from the sale of available-for sale marketable securities for 2013, 2012 and 2011 were $4, $38 and $26, respectively. The Company determines realized gains or losses on the sale of available-for-sale marketable securities based on a specific identification method. |
Note_4_Other_Accounts_Receivab
Note 4 - Other Accounts Receivable and Prepaid Expenses | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Accounts Receivable And Prepaid Expenses Disclosure [Abstract] | ' | ||||||||
Other Accounts Receivable And Prepaid Expenses Disclosure [Text Block] | ' | ||||||||
NOTE 4:- OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Tax and governmental receivables | $ | 652 | $ | 508 | |||||
Prepaid expenses | 1,706 | 2,651 | |||||||
Deposits | 201 | 419 | |||||||
Deferred income taxes | 92 | 101 | |||||||
Others | 82 | 78 | |||||||
$ | 2,733 | $ | 3,757 | ||||||
Note_5_Inventories
Note 5 - Inventories | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventory Disclosure [Text Block] | ' | ||||||||
NOTE 5:- INVENTORIES | |||||||||
Inventories are composed of the following: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Work-in-progress | $ | 5,412 | $ | 6,821 | |||||
Finished products (*) | 6,922 | 6,095 | |||||||
$ | 12,334 | $ | 12,916 | ||||||
(*) Included $298 and $390 inventory consigned to others as of December 31, 2013 and 2012, respectively. | |||||||||
For the year ended December 31, 2013, the Company recorded $261 of income due to the utilization of inventory that was previously written off. Inventory write-downs amounted to $29 and $759 for the years ended December 31, 2012 and 2011, respectively. |
Note_6_Property_and_Equipment
Note 6 - Property and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
NOTE 6:- PROPERTY AND EQUIPMENT | |||||||||
Composition of assets, grouped by major classifications, is as follows: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Cost: | |||||||||
Computers and equipment | $ | 40,624 | $ | 39,647 | |||||
Office furniture and equipment | 1,590 | 1,574 | |||||||
Leasehold improvements | 4,651 | 4,496 | |||||||
46,865 | 45,717 | ||||||||
Less - accumulated depreciation | 44,028 | 42,011 | |||||||
Depreciated cost | $ | 2,837 | $ | 3,706 | |||||
During 2012, the Company recorded a disposal of equipment, which ceased to be used, in the amount of $4,503 (accumulated depreciation of approximately $4,493). The capital loss that was recorded due to this disposal of equipment in the consolidated statement of operations was $10. | |||||||||
Depreciation expenses, which also include amortization expenses of assets recorded under capital leases, amounted to $1,994, $3,168 and $4,244 for the years ended December 31, 2013, 2012 and 2011, respectively. |
Note_7_Intangible_Asset_Net
Note 7 - Intangible Asset, Net | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||
Intangible Assets Disclosure [Text Block] | ' | ||||||||||||||
NOTE 7:- INTANGIBLE ASSETS, NET | |||||||||||||||
The following table shows the Company's intangible assets for the periods presented: | |||||||||||||||
Useful life | December 31, | ||||||||||||||
(years) | 2013 | 2012 | |||||||||||||
Cost: | |||||||||||||||
Current technology | 4.2 | - | 5.3 | $ | 77,080 | $ | 77,080 | ||||||||
Customer relations | 7.3 | 23,477 | 23,477 | ||||||||||||
Technology (completion of the development of in-process R&D) | 6 | 7,702 | 7,702 | ||||||||||||
Non-competition agreement | 3 | 519 | 519 | ||||||||||||
108,778 | 108,778 | ||||||||||||||
Accumulated amortization: | |||||||||||||||
Current technology | 48,263 | 48,263 | |||||||||||||
Customer relations | 13,274 | 13,060 | |||||||||||||
Technology (completion of the development of in-process R&D) | 1,284 | - | |||||||||||||
Non-competition agreement | 360 | 188 | |||||||||||||
63,181 | 61,511 | ||||||||||||||
Impairment: (Note 7b) | |||||||||||||||
Current technology | 28,817 | 28,817 | |||||||||||||
Customer relations | 10,070 | 10,070 | |||||||||||||
38,887 | 38,887 | ||||||||||||||
Amortized cost | $ | 6,710 | $ | 8,380 | |||||||||||
a. | Amortization expenses amounted to $1,672, $2,310 and $7,972 for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||||
b. | In 2008, as a result of circumstances which indicated that the carrying amount of certain intangible assets would not be recoverable, the Company reassessed the fair value of its intangible assets, which resulted in impairment charges of approximately $39,084. | ||||||||||||||
c. | Estimated amortization expenses for the years ending: | ||||||||||||||
Year ending December 31, | |||||||||||||||
2014 | $ | 1,574 | |||||||||||||
2015 | 1,284 | ||||||||||||||
2016 | 1,284 | ||||||||||||||
2017 | 1,284 | ||||||||||||||
2018 | 1,284 | ||||||||||||||
$ | 6,710 | ||||||||||||||
Note_8_Fair_Value_Measurements
Note 8 - Fair Value Measurements | 12 Months Ended | |||||||||||||
Dec. 31, 2012 | ||||||||||||||
Disclosure Text Block [Abstract] | ' | |||||||||||||
Fair Value, Measurement Inputs, Disclosure [Text Block] | ' | |||||||||||||
NOTE 8:- FAIR VALUE MEASUREMENTS | ||||||||||||||
The Company measures its cash equivalents, short-term deposits, marketable securities and foreign currency derivative contracts at fair value. Cash equivalents, short-term deposits, marketable securities and foreign currency derivative contracts are classified within Level 1 or Level 2 value hierarchies. This is because cash equivalents, short-term deposits and marketable securities are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Foreign currency derivative contracts are classified within Level 2 value hierarchy as the valuation inputs are based on quoted prices and market observable data of similar instruments. | ||||||||||||||
The following table provides information by value level for financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2013 (see also Note 3): | ||||||||||||||
Balance as of | Fair value measurements | |||||||||||||
Description | December 31, | Level 1 | Level 2 | Level 3 | ||||||||||
2013 | ||||||||||||||
Assets | ||||||||||||||
Cash equivalents | ||||||||||||||
Time deposits | $ | 913 | $ | 913 | ||||||||||
Money market mutual funds | $ | 3,762 | $ | 3,762 | ||||||||||
Short-term marketable securities and time deposits | ||||||||||||||
U.S. GSE securities | $ | 251 | $ | 251 | ||||||||||
Corporate debt securities | $ | 10,733 | $ | 10,733 | ||||||||||
Time deposits | $ | 2,911 | $ | 2,911 | ||||||||||
Long-term marketable securities | ||||||||||||||
U.S. GSE securities | $ | 2,831 | $ | 2,831 | ||||||||||
Corporate debt securities | $ | 87,331 | $ | 87,331 | ||||||||||
The following table provides information by value level for financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2012: | ||||||||||||||
Balance as of | Fair value measurements | |||||||||||||
Description | December 31, | Level 1 | Level 2 | Level 3 | ||||||||||
2012 | ||||||||||||||
Assets | ||||||||||||||
Cash equivalents | ||||||||||||||
Time deposits | $ | 1,668 | $ | 1,668 | ||||||||||
Money market mutual funds | $ | 3,548 | $ | 3,548 | ||||||||||
Short-term marketable securities and time deposits | ||||||||||||||
U.S. GSE securities | $ | - | $ | - | ||||||||||
Corporate debt securities | $ | 17,493 | $ | 17,493 | ||||||||||
Time deposits | $ | 2,708 | $ | 2,708 | ||||||||||
Long-term marketable securities | ||||||||||||||
U.S. GSE securities | $ | 1,510 | $ | 1,510 | ||||||||||
Corporate debt securities | $ | 76,823 | $ | 76,823 | ||||||||||
Derivative assets | $ | 484 | $ | 484 | ||||||||||
In addition to the assets and liabilities described above, the Company's financial instruments also include cash and cash equivalents, trade receivables, other accounts receivable, trade payables, accrued expenses and other payables. The fair value of these financial instruments was not materially different from their carrying value at December 31, 2013 and 2012 due to the short-term maturity of these instruments. |
Note_9_Investment_in_Other_Com
Note 9 - Investment in Other Company | 12 Months Ended |
Dec. 31, 2013 | |
Investments, All Other Investments [Abstract] | ' |
Cost-method Investments, Description [Text Block] | ' |
NOTE 9:- INVESTMENT IN OTHER COMPANY | |
On October 24, 2013, the Company made an investment of $2,200 in a private company in Asia which enables it to expand its reach and presence as well as leverage a base of local professional experts. The investment was in return for approximately 14% of the equity of the company, on a fully diluted basis. The Company also signed a buyout agreement pursuant to which the Company had the option to purchase from all holders of the Asian private company, under agreed terms, all of the remaining outstanding securities by no later than December 31, 2014. The investment is accounted under the cost-method in accordance with ASC 325-20. |
Note_10_Accrued_Expenses_and_O
Note 10 - Accrued Expenses and Other Accounts Payable | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | ' | ||||||||
NOTE 10:- ACCRUED EXPENSES AND OTHER ACCOUNTS PAYABLE | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Accrued expenses | $ | 3,324 | $ | 4,225 | |||||
Legal, accounting and investors relation accrual | 779 | 710 | |||||||
Royalties and commission | 640 | 387 | |||||||
Others | 789 | 1,192 | |||||||
$ | 5,532 | $ | 6,514 | ||||||
Note_11_Pension_Liability
Note 11 - Pension Liability | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||||||||||
NOTE 11:- PENSION LIABILITIES | |||||||||||||||||
The Company acquired the CIPT Business on September 4, 2007. This business sponsors various defined benefits schemes for their employees, including pension funds, early retirement benefits, lump sum retirement indemnities and jubilee awards in several countries. | |||||||||||||||||
As of December 31, 2013 and 2012, the defined benefits plans that the Company assumed in connection with the CIPT Acquisition that are accounted for in the Company's consolidated financial statements are the pension plans in Germany and India. Consistent with the requirements of local law, the Company deposits funds for certain plans with insurance companies, third-party trustees, or into government-managed accounts, and/or accrues for the unfunded portion of the obligation. | |||||||||||||||||
The Company’s pension obligation in Germany relating to the unvested pension claims (i.e. future obligation that will result from future service period) of the employees were outsourced in November 2010 to an external insurance company ("Nuremberger Versicherung"). From and after the outsourcing date, the Company is required to pay premiums to the external insurance company and in return the pension benefits earned by the German employees are covered by the Company’s arrangement with the external insurance company. The Company legally is released from its obligations to the German employees once the premiums are paid, and it is no longer subject to any of the risks and rewards associated with the benefit obligations covered and the plan assets transferred to the external insurance company. Since the outsourcing arrangement meets the requirements of a nonparticipating annuity contract, the Company treats the costs of the outsourcing arrangement as the costs of the benefits being earned in accordance with ASC Paragraph 715-30-25-7 of ASC 715 "Compensation—Retirement Benefits." | |||||||||||||||||
The following tables provide a reconciliation of the changes in the pension plans' benefit obligation and fair value of assets for the years ended December 31, 2013 and 2012, and the statement of funded status as of December 31, 2013 and 2012: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Accumulated benefit obligation | $ | 1,227 | $ | 1,321 | |||||||||||||
Change in benefit obligation | |||||||||||||||||
Benefit obligation at beginning of year | $ | 1,334 | $ | 1,208 | |||||||||||||
Service cost | 5 | 61 | |||||||||||||||
Interest cost | 35 | 47 | |||||||||||||||
Benefits paid from the plan | (181 | ) | (172 | ) | |||||||||||||
Actuarial loss | 1 | 165 | |||||||||||||||
Exchange rates and others | 45 | 25 | |||||||||||||||
Benefit obligation at end of year | $ | 1,239 | $ | 1,334 | |||||||||||||
Change in plan assets | |||||||||||||||||
Fair value of plan assets at beginning of year | 364 | 416 | |||||||||||||||
Actual return on plan assets | 6 | 12 | |||||||||||||||
Employer contributions to plan | - | 28 | |||||||||||||||
Benefits paid from the plan | (123 | ) | (100 | ) | |||||||||||||
Exchange rates | 11 | 8 | |||||||||||||||
Fair value of plan assets at end of year | $ | 258 | $ | 364 | |||||||||||||
The assumptions used in the measurement of the Company's pension expense and benefit obligations as of December 31, 2013, 2012 and 2011 are as follows: | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Weighted-average assumptions | |||||||||||||||||
Discount rate | 3.5 | % | 3.6 | % | 5.4 | % | |||||||||||
Expected return on plan assets | 2.88 | % | 2.88 | % | 1.54 | % | |||||||||||
Rate of compensation increase | 2.5 | % | 2.5 | % | 2.5 | % | |||||||||||
The amounts reported for net periodic pension costs and the respective benefit obligation amounts are dependent upon the actuarial assumptions used. The Company reviews historical trends, future expectations, current market conditions, and external data to determine the assumptions. The discount rate is determined considering the yield of government bonds. The rate of compensation increase is determined by the Company, based on its long-term plans for such increases. | |||||||||||||||||
The following table provides the components of net periodic benefit cost for the years ended December 31, 2013, 2012 and 2011: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Components of net periodic benefit cost | |||||||||||||||||
Service cost | $ | 5 | $ | 61 | $ | 153 | |||||||||||
Interest cost | 35 | 47 | 62 | ||||||||||||||
Expected return on plan assets | (6 | ) | (12 | ) | (28 | ) | |||||||||||
Amortization of net loss | 11 | 2 | 39 | ||||||||||||||
Curtailment gain (1) | - | - | (660 | ) | |||||||||||||
Net periodic benefit cost | $ | 45 | $ | 98 | $ | (434 | ) | ||||||||||
-1 | The curtailment gain is derived from the closure of the Company's Swiss facilities and the termination of employment of the employees of the Company's Swiss subsidiary, which resulted in a curtailment and settlement of the Swiss pension plan. | ||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Net amounts recognized in the consolidated balance sheets as of December 31, 2013 and 2012 consist of: | |||||||||||||||||
Current liabilities | $ | - | $ | - | |||||||||||||
Noncurrent liabilities | 981 | 970 | |||||||||||||||
Net amounts recognized in the consolidated balance sheets | $ | 981 | $ | 970 | |||||||||||||
Net amounts recognized in accumulated other comprehensive income as of December 31, 2013 and 2012 consist of: | |||||||||||||||||
Net actuarial loss | $ | (237 | ) | $ | (237 | ) | |||||||||||
Other | - | - | |||||||||||||||
Net amounts recognized in accumulated other comprehensive loss | $ | (237 | ) | $ | (237 | ) | |||||||||||
The estimated amount that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost in 2014 is as follows: | |||||||||||||||||
2014 | |||||||||||||||||
Net actuarial loss and other | $ | 11 | |||||||||||||||
Benefit payments are expected to be paid as follows: | |||||||||||||||||
Year ending December 31, | |||||||||||||||||
2014 | $ | 159 | |||||||||||||||
2015 | $ | 117 | |||||||||||||||
2016 | $ | 68 | |||||||||||||||
2017 | $ | 25 | |||||||||||||||
2018 | $ | 10 | |||||||||||||||
2019-2023 | $ | 95 | |||||||||||||||
The plan asset allocations at December 31 of the relevant years are as follows: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Bonds | - | - | |||||||||||||||
Real estate | - | - | |||||||||||||||
Cash | - | - | |||||||||||||||
Shares | - | - | |||||||||||||||
Other | 100 | % | 100 | % | |||||||||||||
100 | % | 100 | % | ||||||||||||||
The fair value of the Company's pension plan assets at December 31, 2013 by asset category, classified by the three levels of inputs described in Note 2, are as follows: | |||||||||||||||||
Fair value measurements at December 31, 2013 using: | |||||||||||||||||
Total fair | Quoted | Significant | Significant unobservable | ||||||||||||||
value at | prices in | other | inputs | ||||||||||||||
December | active | observable | (Level 3) | ||||||||||||||
31, 2013 | markets | inputs | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | |||||||||
Equity securities | - | - | - | - | |||||||||||||
Real estate | - | - | - | - | |||||||||||||
Corporate bonds | - | - | - | - | |||||||||||||
Others | 258 | - | 258 | - | |||||||||||||
Total assets measured at fair value | $ | 258 | $ | - | $ | 258 | $ | - | |||||||||
Valuation techniques - For Level 2 inputs, the Company utilizes quoted market prices in markets that are not active, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency. | |||||||||||||||||
Regarding the policy for amortizing actuarial gains or losses for pension and post-employment plans, the Company has chosen the "corridor" option. This option consists of recognizing in the consolidated statements of operations, the part of unrecognized actuarial gains or losses exceeding 10% of the greater of the PBO or the market value of the plan assets. If amortization is required, the minimum amortization amount is that excess divided by the average remaining service period of the active employees expected to receive benefits under the plan. | |||||||||||||||||
Actuarial losses were recognized in other comprehensive income (loss) in the amount of $11, $160 and $1 for the years ended December 31, 2013, 2012 and 2011, respectively. |
Note_12_Financial_Income_Net
Note 12 - Financial Income, Net | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Financial Income Net Disclosure [Abstract] | ' | ||||||||||||
Financial Income Net Disclosure [Text Block] | ' | ||||||||||||
NOTE 12:- FINANCIAL INCOME, NET | |||||||||||||
The components of financial income, net were as follows: | |||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Foreign exchange gains | $ | - | $ | 120 | $ | 60 | |||||||
Interest income from marketable securities and deposits, net of amortization of premium on marketable securities | 1,656 | 1,859 | 2,014 | ||||||||||
Realized gains on marketable securities | 1,013 | 708 | 181 | ||||||||||
Other | 13 | 1 | 7 | ||||||||||
Financial income | 2,682 | 2,688 | 2,262 | ||||||||||
Realized losses on marketable securities | 4 | 38 | 26 | ||||||||||
Foreign exchange losses | 86 | 88 | 95 | ||||||||||
Interest expenses | 29 | 35 | 42 | ||||||||||
Other | 106 | 139 | 214 | ||||||||||
Financial expense | 225 | 300 | 377 | ||||||||||
Financial income, net | $ | 2,457 | $ | 2,388 | $ | 1,885 | |||||||
Note_13_Stockholders_Equity
Note 13 - Stockholders' Equity | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||
NOTE 13:- STOCKHOLDERS' EQUITY | |||||||||||||||||||||||||||||||||||||
a. Preferred stock: | |||||||||||||||||||||||||||||||||||||
The Company's Board of Directors has the authority, without any further vote or action by the stockholders, to provide for the issuance of up to 5,000,000 shares of preferred stock in one or more series with such designations, rights, preferences, and limitations as the Board of Directors may determine, including the consideration received, the number of shares comprising each series, dividend rates, redemption provisions, liquidation preferences, sinking fund provisions, conversion rights and voting rights. No shares of preferred stock are currently outstanding. | |||||||||||||||||||||||||||||||||||||
b. Common Stock: | |||||||||||||||||||||||||||||||||||||
Currently, 50,000,000 shares of common stock are authorized. Holders of common stock are entitled to one vote per share on all matters to be voted upon by the Company's stockholders. Subject to the rights of holders of preferred stock, if any, in the event of liquidation, dissolution or winding up, holders of common stock are entitled to share ratably in all of the Company's assets. The Company's Board of Directors may declare a dividend out of funds legally available therefore and, subject to the rights of holders of preferred stock, if any, the holders of common stock are entitled to receive ratably any such dividends. | |||||||||||||||||||||||||||||||||||||
Holders of common stock have no preemptive rights or other subscription rights to convert their shares into any other securities. There are no redemption or sinking fund provisions applicable to common stock. | |||||||||||||||||||||||||||||||||||||
c. Dividend policy: | |||||||||||||||||||||||||||||||||||||
At December 31, 2013, the Company had an accumulated deficit of $83,535. The Company has never paid cash dividends on the common stock and presently intends to follow a policy of retaining earnings for reinvestment in its business. | |||||||||||||||||||||||||||||||||||||
d. Share repurchase program: | |||||||||||||||||||||||||||||||||||||
In November 2013, the Company entered into a share repurchase plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, for the repurchase of up to 2,700,000 shares of its common stock. This amount is in addition to the approximately 308,000 shares that were available for repurchase under the board’s prior authorizations. | |||||||||||||||||||||||||||||||||||||
In 2013, 2012 and 2011, the Company repurchased approximately 390,000, 1,283,000 and 1,298,000 shares, respectively, of common stock at an average purchase price of $8.95, $6.28 and $6.74 per share, respectively, for an aggregate purchase price of $3,490, $8,060 and $8,749, respectively. As of December 31, 2013, approximately 2,618,000 remained authorized for repurchase of shares of common stock under the Company's board-authorized share repurchase program. | |||||||||||||||||||||||||||||||||||||
In 2013, 2012 and 2011, the Company issued 1,066,000, 455,000 and 547,000 shares, respectively, of common stock, out of treasury stock, to employees who exercised their equity awards under the Company's equity incentive plans or purchased shares from the Company's 1993 Employee Stock Purchase Plan ("ESPP"). | |||||||||||||||||||||||||||||||||||||
e. Stock purchase plan and equity incentive plans: | |||||||||||||||||||||||||||||||||||||
The Company has various equity incentive plans under which employees, officers, non-employee directors of the Company and its subsidiaries and others, including consultants, may be granted rights to purchase the Company's common stock. The plans authorize the administrator, except for the grant of RSUs, to grant equity incentive awards at an exercise price of not less than 100% of the fair market value of the common stock on the date the award is granted. It is the Company's policy to grant stock options and SARs at an exercise price that equals the fair market value. | |||||||||||||||||||||||||||||||||||||
Equity awards granted under all stock incentive plans that are cancelled or forfeited before expiration become available for future grant. | |||||||||||||||||||||||||||||||||||||
During 2012 and 2011, the Company granted to employees and executive officers of the Company and its subsidiaries primarily share appreciation rights ("SARs"), capped with a ceiling, under the various equity incentive plans. The SAR unit confers the holder the right to stock appreciation over a preset price of the Company's common stock during a specified period of time. When the unit is exercised, the appreciation amount is paid through the issuance of shares of the Company's common stock. The ceiling limits the maximum income for each SAR unit and the maximum number of shares to be issued. SARs are considered an equity instrument as it is a net share settled award capped with a ceiling. | |||||||||||||||||||||||||||||||||||||
Starting in 2013, the Company granted to employees and executive officers of the Company and its subsidiaries primarily restricted stock units (“RSUs”) under the various equity incentive plans. An RSU award is an agreement to issue shares of our common stock at the time the award is vested. RSUs granted to employees and executive officers generally vest over a four year period from the grant date with 25% of the RSUs granted vesting on the first anniversary of the grant date and 6.25% vesting each quarter thereafter. | |||||||||||||||||||||||||||||||||||||
A summary of the various plans is as follows: | |||||||||||||||||||||||||||||||||||||
1993 Director Stock Option Plan | |||||||||||||||||||||||||||||||||||||
Upon the closing of the Company's initial public offering, the Company adopted the 1993 Director Stock Option Plan (the "Directors Plan"). Under the Directors Plan, which expired in January 2014, the Company was authorized to issue nonqualified stock options to the Company's outside non-employee directors to purchase up to 1,980,875 shares of common stock at an exercise price equal to the fair market value of the common stock on the date of grant. The Directors Plan, as amended, provides that each person who becomes an outside, non-employee director of the Board of Directors shall automatically be granted an option to purchase 30,000 shares of common stock (the "First Option"). Thereafter, each outside director shall automatically be granted an option to purchase 15,000 shares of common stock (a "Subsequent Option") on January 1 of each year if, on such date, he shall have served on the Board of Directors for at least six months. In addition, an option to purchase an additional 15,000 shares of common stock (a "Committee Option") is granted on January 1 of each year to each outside director for each committee of the Board on which he shall have served as a chairperson for at least six months. | |||||||||||||||||||||||||||||||||||||
Options granted under the Directors Plan generally had a term of 10 years. One-third of the shares were exercisable after the first year and thereafter one-third at the end of each twelve-month period. | |||||||||||||||||||||||||||||||||||||
As of December 31, 2013, 738,011 shares of common stock remained available for grant under the Directors Plan. The Directors Plan expired in January 2014 and therefore no further awards may be granted thereunder. | |||||||||||||||||||||||||||||||||||||
1998 Non-Officer Employee Stock Option Plan | |||||||||||||||||||||||||||||||||||||
In 1998, the Company adopted the 1998 Non-Officer Employee Stock Option Plan (the "1998 Plan"). Under the 1998 Plan, employees may be granted non-qualified stock options for the purchase of common stock. The 1998 Plan currently provides for the purchase of up to 5,062,881 shares of common stock. As of December 31, 2013, 182,536 shares of common stock remained available for grant under the 1998 Plan. | |||||||||||||||||||||||||||||||||||||
The exercise price of options under the 1998 Plan shall not be less than the fair market value of common stock for nonqualified stock options, as determined by the Company's Board of Directors or a committee appointed by the Company's Board of Directors. | |||||||||||||||||||||||||||||||||||||
Options under the 1998 Plan are generally exercisable over a 48-month period beginning 12 months after issuance, or as determined by the Company's Board of Directors or a committee appointed by the Company's Board of Directors. Options under the 1998 Plan expire up to seven years after the date of grant. | |||||||||||||||||||||||||||||||||||||
2001 Stock Incentive Plan | |||||||||||||||||||||||||||||||||||||
In 2001, the Company adopted the 2001 Stock Incentive Plan (the "2001 Plan"). The 2001 Plan expired in 2011 and no further grants of awards may be made thereunder. As of December 31, 2013, 2,194,847 shares of common stock were granted under the plan, stock options to acquire 10,000 shares remained outstanding in the plan prior to its expiration. | |||||||||||||||||||||||||||||||||||||
The 2001 Plan authorized the administrator to grant incentive stock options at an exercise price of not less than 100% of the fair market value of the common stock on the date the option is granted. | |||||||||||||||||||||||||||||||||||||
Equity awards under the 2001 Plan were generally exercisable over a 48-month period beginning 12 months after issuance or as determined by the Company's Board of Directors or a committee appointed by the Company's Board of Directors. Equity awards under the 2001 plan expired up to seven years after the date of grant. | |||||||||||||||||||||||||||||||||||||
2003 Israeli Share Incentive Plan | |||||||||||||||||||||||||||||||||||||
In 2003, the Company adopted the 2003 Israeli Share Incentive Plan (the "2003 Plan"), which complied with the Israeli tax reforms. The 2003 Plan terminated in 2012 upon approval of the Company's 2012 Equity Incentive Plan (the "2012 Plan"). As of December 31, 2013, 10,700,543 shares of common stock had been granted under the plan and stock option and SARs to acquire 2,433,819 shares of common stock remained outstanding under the plan. As the 2003 Plan expired in May 2012, no further awards may be granted thereunder. | |||||||||||||||||||||||||||||||||||||
Equity awards under the 2003 Plan were generally exercisable over a 48-month period beginning 12 months after issuance, or as determined by the Company's Board of Directors or a committee appointed by the Company's Board of Directors. Equity awards under the 2003 Plan expired up to seven years after the date of grant. | |||||||||||||||||||||||||||||||||||||
2012 Equity Incentive Plan | |||||||||||||||||||||||||||||||||||||
In 2012, the Company adopted the 2012 Plan, which complies with the Israeli tax reforms. Under the 2012 Plan, employees, directors and consultants may be granted incentive or non-qualified stock options, SARs, RSUs and other awards under the plan. The exercise price of the equity awards under the 2012 Plan shall not be less than the fair market value of common stock at the time of grant, unless otherwise determined by the Company's Board of Directors or a committee appointed by the Company's Board of Directors. The 2012 Plan currently provides for the purchase of up to 1,450,000 shares of common stock. As of December 31, 2013, 922,500 shares of common stock remained available for grant under the 2012 Plan. | |||||||||||||||||||||||||||||||||||||
Stock options, SARs and RSUs awarded under the 2012 Plan to employees and executive officers are generally exercisable over a 48-month period beginning 12 months after issuance, or as determined by the Company's Board of Directors or a committee appointed by the Company's Board of Directors Equity awards under the 2012 Plan expire up to seven years after the date of grant. | |||||||||||||||||||||||||||||||||||||
A director subplan was established under the 2012 Plan. As of December 31, 2013, no options were granted under the director subplan. | |||||||||||||||||||||||||||||||||||||
1993 Employee Stock Purchase Plan (ESPP) | |||||||||||||||||||||||||||||||||||||
Upon the closing of the Company's initial public offering, the Company adopted the ESPP. The Company has reserved an aggregate of 3,800,000 shares of common stock for issuance under the ESPP. The ESPP provides that substantially all employees of the Company may purchase Company common stock at 85% of its fair market value on specified dates via payroll deductions. There were approximately 374,000, 446,000 and 423,000 shares of common stock issued at a weighted average purchase price of $4.44, $4.42 and $4.81 per share under the ESPP in 2013, 2012 and 2011, respectively. As of December 31, 2013, 714,000 shares of common stock were reserved under the ESPP. | |||||||||||||||||||||||||||||||||||||
Stock Reserved for Future Issuance | |||||||||||||||||||||||||||||||||||||
The following table summarizes the number of shares available for future issuance at December 31, 2013 (after giving effect to the above increases in the equity incentive plans): | |||||||||||||||||||||||||||||||||||||
ESPP | 714,000 | ||||||||||||||||||||||||||||||||||||
Equity awards | 1,843,000 | ||||||||||||||||||||||||||||||||||||
Undesignated preferred stock | 5,000,000 | ||||||||||||||||||||||||||||||||||||
7,557,000 | |||||||||||||||||||||||||||||||||||||
The following is a summary of activities relating to the Company's stock options, SARs and RSUs granted among the Company's various plans: | |||||||||||||||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Amount | Weighted average exercise | Aggregate intrinsic | Amount | Weighted average exercise | Aggregate intrinsic | Amount | Weighted average exercise | Aggregate intrinsic | |||||||||||||||||||||||||||||
of | price | value (4) | of | price | value (4) | of | price | value (4) | |||||||||||||||||||||||||||||
options/ | options/ | options/ | |||||||||||||||||||||||||||||||||||
SARs/RSUs | SARs/RSUs | SARs/RSUs | |||||||||||||||||||||||||||||||||||
in | in | in | |||||||||||||||||||||||||||||||||||
thousands | thousands | thousands | |||||||||||||||||||||||||||||||||||
Options outstanding at beginning of year | 9,622 | $ | 10.72 | $ | - | 10,564 | $ | 12.22 | $ | - | 11,305 | $ | 12.94 | $ | - | ||||||||||||||||||||||
Changes during the year: | |||||||||||||||||||||||||||||||||||||
Options granted | 524 | $ | 6.42 | $ | - | 310 | $ | 5.67 | $ | - | 250 | $ | 7.82 | $ | - | ||||||||||||||||||||||
SARs granted (1) | - | $ | - | $ | - | 1,100 | $ | 6.16 | $ | - | 1,013 | $ | 7.52 | $ | - | ||||||||||||||||||||||
RSUs granted | 552 | $ | - | $ | - | - | $ | - | $ | - | - | $ | - | $ | - | ||||||||||||||||||||||
Exercised | (2,105 | ) | $ | 6.49 | $ | 3,795 | (127 | ) | $ | 5.97 | $ | 62 | (339 | ) | $ | 6.22 | $ | 647 | |||||||||||||||||||
Forfeited and cancelled | (2,056 | ) | $ | 17.56 | $ | - | (2,225 | ) | $ | 15.14 | $ | - | (1,665 | ) | $ | 14.86 | $ | - | |||||||||||||||||||
Options/SARs/RSUs outstanding at end of year (2) | 6,537 | $ | 8.68 | $ | 16,673 | 9,622 | $ | 10.72 | $ | 98 | 10,564 | $ | 12.22 | $ | - | ||||||||||||||||||||||
Options/SARs/RSUs exercisable at end of year (3) | 4,623 | $ | 10.3 | $ | 7,230 | 7,223 | $ | 12.07 | $ | 28 | 7,669 | $ | 14.1 | $ | - | ||||||||||||||||||||||
-1 | SAR grants made prior to January 1, 2009 are convertible for a maximum number of shares of the Company's common stock equal to 50% of the SAR units subject to the grant. SAR grants made on or after January 1, 2009 and before January 1, 2010 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. SAR grants made on or after January 1, 2010 are convertible for a maximum number of shares of the Company's common stock equal to 66.67% of the SAR units subject to the grant. SAR grants made on or after January 1, 2012 are convertible for a maximum number of shares of the Company’s common stock equal to 50% of the SAR units subject to the grant. | ||||||||||||||||||||||||||||||||||||
-2 | Due to the ceiling imposed on the SAR grants, the outstanding amount above can be exercised for a maximum of 4,631,000 shares of the Company's common stock as of December 31, 2013. | ||||||||||||||||||||||||||||||||||||
-3 | Due to the ceiling imposed on the SAR grants, the exercisable amount above can be exercised for a maximum of 3,056,000 shares of the Company's common stock as of December 31, 2013. | ||||||||||||||||||||||||||||||||||||
-4 | Calculation of aggregate intrinsic value for options, RSUs and SARs outstanding and exercisable is based on the share price of the Company's common stock as of December 31, 2013, 2012 and 2011 which was $9.71, $5.76 and $5.21 per share, respectively. The intrinsic value for options, RSUs and SARs exercised during those years represents the difference between the fair market value of the Company's common stock on the date of exercise and the exercise price of each option or SAR, as applicable. | ||||||||||||||||||||||||||||||||||||
The stock options and SARs outstanding as of December 31, 2013, have been separated into ranges of exercise price as follows: | |||||||||||||||||||||||||||||||||||||
Range of exercise price | Outstanding | Remaining contractual life (years) (1) | Weighted average exercise price | Exercisable | Remaining contractual life (years) | Weighted average exercise price | |||||||||||||||||||||||||||||||
$ | thousands | S | thousands | S | |||||||||||||||||||||||||||||||||
0 (RSUs) | 520 | - | - | - | - | - | |||||||||||||||||||||||||||||||
5.21 | - | 7.26 | 3,034 | 4.2 | 6.49 | 1,972 | 3.37 | 6.64 | |||||||||||||||||||||||||||||
7.49 | - | 10.23 | 2,144 | 2.6 | 9.15 | 1,813 | 2.03 | 9.41 | |||||||||||||||||||||||||||||
11.60 | - | 15.79 | 80 | 2.53 | 12.9 | 80 | 2.53 | 12.9 | |||||||||||||||||||||||||||||
18.01 | - | 25.06 | 759 | 0.35 | 21.64 | 758 | 0.35 | 21.64 | |||||||||||||||||||||||||||||
6,537 | 2.87 | 8.68 | 4,623 | 2.34 | 10.3 | ||||||||||||||||||||||||||||||||
-1 | Calculation of weighted average remaining contractual term does not include the RSUs that were granted, which have an indefinite contractual term. | ||||||||||||||||||||||||||||||||||||
As of December 31, 2013, the outstanding number of SARs was 4,466,306 and based on the share price of the Company's common stock as of December 31, 2013 ($9.71 per share), 2,730,546 of those SARs were in the money as of December 31, 2013. | |||||||||||||||||||||||||||||||||||||
The weighted average estimated fair value of employee RSUs granted during 2013 was 6.17 per share (using the weighted average pre vest cancellation rate of 3.84% on an annual basis). | |||||||||||||||||||||||||||||||||||||
The weighted-average estimated fair value of employee stock options and SARs granted during the years ended December 31, 2013, 2012 and 2011 was $4.90, $2.39 and $3.26 per stock option and SAR, respectively, using the binomial model with the following weighted-average assumptions (annualized percentages): | |||||||||||||||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Volatility | 46.24 | % | 48.23 | % | 54.6 | % | |||||||||||||||||||||||||||||||
Risk-free interest rate | 1.39 | % | 2.2 | % | 2.23 | % | |||||||||||||||||||||||||||||||
Dividend yield | 0 | % | 0 | % | 0 | % | |||||||||||||||||||||||||||||||
Pre-vest cancellation rate *) | 3.48 | % | 3.5 | % | 3.37 | % | |||||||||||||||||||||||||||||||
Post-vest cancellation rate **) | 2.52 | % | 2.58 | % | 2.21 | % | |||||||||||||||||||||||||||||||
Suboptimal exercise factor ***) | 1.81 | 1.6 | 1.59 | ||||||||||||||||||||||||||||||||||
Expected life (years) | 4.66 | 4.19 | 4.14 | ||||||||||||||||||||||||||||||||||
*) | The pre-vest cancellation rate was calculated on an annual basis and is presented here on an annual basis. | ||||||||||||||||||||||||||||||||||||
**) | The post-vest cancellation rate was calculated on a monthly basis and is presented here on an annual basis. | ||||||||||||||||||||||||||||||||||||
***) | The ratio of the stock price to strike price at the time of exercise of the option. | ||||||||||||||||||||||||||||||||||||
The computation of volatility uses a combination of historical volatility and implied volatility derived from the Company's exchange traded options with similar characteristics. | |||||||||||||||||||||||||||||||||||||
The risk-free interest rate assumption is based on U.S. treasury bill interest rates appropriate for the term of the Company's employee equity-based awards. | |||||||||||||||||||||||||||||||||||||
The dividend yield assumption is based on the Company's historical and expectation of future dividend payouts and may be subject to substantial change in the future. | |||||||||||||||||||||||||||||||||||||
The expected term of employee equity-based awards represents the weighted-average period the awards are expected to remain outstanding and is a derived output of the binomial model. The expected life of employee equity-based awards is impacted by all of the underlying assumptions used in the Company's model. The binomial model assumes that employees' exercise behavior is a function of the award's remaining contractual life and the extent to which the award is in-the-money (i.e., the average stock price during the period is above the strike price of the award). The binomial model estimates the probability of exercise as a function of these two variables based on the history of exercises and cancellations on past award grants made by the Company. | |||||||||||||||||||||||||||||||||||||
As equity-based compensation expense recognized in the consolidated statement of operations is based on awards ultimately expected to vest, it should be reduced for estimated forfeitures. The forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. | |||||||||||||||||||||||||||||||||||||
Pre and post-vesting forfeitures were estimated based on historical experience. | |||||||||||||||||||||||||||||||||||||
The fair value for rights to purchase shares of common stock under the Company's ESPP was estimated on each enrollment date using the same assumptions set forth above for the years ended 2013, 2012 and 2011 except the expected life and the volatility. The expected life was assumed to be between six to 24 months based on the contractual life of the plan, and the expected volatility was assumed to be in a range of 36.37%-44.19% in 2013, 35.79%-42.02% in 2012 and 28.37%-61.02% in 2011. | |||||||||||||||||||||||||||||||||||||
The Company's aggregate equity compensation expenses for the years ended December 31, 2013, 2012 and 2011 totaled $4,159, $4,983 and $6,220, respectively. The Company recognized no tax benefit in its consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011 for the Company's equity-based compensation arrangements. | |||||||||||||||||||||||||||||||||||||
A summary of the status of the Company's non-vested stock options, SARs and RSUs as of December 31, 2013, and changes during the year ended December 31, 2013, is presented below: | |||||||||||||||||||||||||||||||||||||
Non-vested | Units | Weighted | |||||||||||||||||||||||||||||||||||
average grant | |||||||||||||||||||||||||||||||||||||
date fair value | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Non-vested at January 1, 2013 | 2,399 | 2.76 | |||||||||||||||||||||||||||||||||||
Granted | 1,076 | 5.55 | |||||||||||||||||||||||||||||||||||
Vested | (1,250 | ) | 2.86 | ||||||||||||||||||||||||||||||||||
Forfeited | (311 | ) | 3.53 | ||||||||||||||||||||||||||||||||||
Non-vested at December 31, 2013 | 1,914 | 4.14 | |||||||||||||||||||||||||||||||||||
As of December 31, 2013, equity-based compensation arrangements to purchase a maximum of approximately 4,307 shares of common stock were vested and expected to vest (the calculation takes into consideration the forfeiture rate). | |||||||||||||||||||||||||||||||||||||
As of December 31, 2013, there was a total unrecognized compensation expense of $3,338 related to non-vested equity-based compensation arrangements granted under the Company's various equity incentive plans. That expense is expected to be recognized during the period from 2014 through 2017. |
Note_14_Commitments_and_Contin
Note 14 - Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||
NOTE 14:- COMMITMENTS AND CONTINGENCIES | |||||
Commitments | |||||
a. The Company and its subsidiaries lease certain equipment and facilities under non-cancelable operating leases. The Company has significant leased facilities in Herzlia Pituach, Israel. The lease agreement for the Israeli facilities is effective until November 2018. The Company has various agreements for its facilities in the U.S. that terminate in 2014 through 2016. The Company's subsidiaries in Scotland, Japan, Germany, China and Hong-Kong have lease agreements for their facilities that terminate in 2014, 2014, 2015, 2014 and 2016, respectively. The Company's subsidiary in India has sublease agreements with NXP for their facilities that terminate in 2017. The Company has operating lease agreements for its motor vehicles which terminate in 2014 through 2016. | |||||
At December 31, 2013, the Company is required to make the following minimum lease payments under non-cancelable operating leases for motor vehicles and facilities: | |||||
Year ended December 31, | |||||
2014 | $ | 2,860 | |||
2015 | 2,627 | ||||
2016 | 2,192 | ||||
2017 and thereafter | 3,044 | ||||
$ | 10,723 | ||||
Facilities rental expenses amounted to $2,389, $2,891 and $3,375 for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||
b. The Company participated in programs (most of which are royalty bearing grants) sponsored by the Israeli government for the support of research and development activities. Through December 31, 2013, the Company had obtained grants from the Israeli Office of the Chief Scientist (the “OCS”) for certain of the Company’s research and development projects. The Company is obligated to pay royalties to the OCS, amounting to 5% of the sales of the products and other related revenues (based on the dollar) generated from such projects, up to 100% of the grants received. The royalty payment obligations also bear interest at the LIBOR rate. The obligation to pay these royalties is contingent on actual sales of the applicable products and in the absence of such sales, no payment is required. | |||||
As of December 31, 2013, the aggregate contingent liability to the OCS amounted to $1,822. The Israeli Research and Development Law provides that know-how developed under an approved research and development program may not be transferred to third parties without the approval of the OCS. Such approval is not required for the sale or export of any products resulting from such research or development. The OCS, under special circumstances, may approve the transfer of OCS-funded know-how outside Israel, in the following cases: (a) the grant recipient pays to the OCS a portion of the sale price paid in consideration for such OCS-funded know-how or in consideration for the sale of the grant recipient itself, as the case may be, which portion will not exceed six times the amount of the grants received plus interest (or three times the amount of the grant received plus interest, in the event that the recipient of the know-how has committed to retain the R&D activities of the grant recipient in Israel after the transfer); (b) the grant recipient receives know-how from a third party in exchange for its OCS-funded know-how; (c) such transfer of OCS-funded know-how arises in connection with certain types of cooperation in research and development activities; or (d) if such transfer of know-how arises in connection with a liquidation by reason of insolvency or receivership of the grant recipient. | |||||
Claims | |||||
a. The Company is involved in certain claims arising in the normal course of business. However, the Company believes that the ultimate resolution of these matters will not have a material adverse effect on its financial position, results of operations, or cash flows. | |||||
b. From time to time, the Company may become involved in litigation relating to claims arising in the ordinary course of business activities. Also, as is typical in the semiconductor industry, the Company has been and, from time to time may be, notified of claims that it may be infringing on patents or intellectual property rights owned by third parties. |
Note_15_Taxes_on_Income
Note 15 - Taxes on Income | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||
NOTE 15:- TAXES ON INCOME | |||||||||||||
a. The provision for income taxes is as follows: | |||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic taxes | |||||||||||||
Federal taxes: | |||||||||||||
Current | $ | (271 | ) | $ | (465 | ) | $ | 36 | |||||
State taxes: | |||||||||||||
Current | (9 | ) | 1 | (623 | ) | ||||||||
Foreign taxes: | |||||||||||||
Current | 507 | 304 | (311 | ) | |||||||||
Deferred | (377 | ) | (12 | ) | 32 | ||||||||
130 | 292 | (279 | ) | ||||||||||
Income tax benefit | $ | (150 | ) | $ | (172 | ) | $ | (866 | ) | ||||
There were no tax benefits associated with the exercise of non-qualified stock options in 2013, 2012 and 2011. | |||||||||||||
b. Income (loss) before taxes is comprised as follows: | |||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic | $ | (3,525 | ) | $ | (844 | ) | $ | (3,162 | ) | ||||
Foreign | 6,051 | (7,370 | ) | (13,946 | ) | ||||||||
$ | 2,526 | $ | (8,214 | ) | $ | (17,108 | ) | ||||||
c. A reconciliation between the Company's effective tax rate assuming all income is taxed at statutory tax rate applicable to the income of the Company and the U.S. statutory rate is as follows: | |||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Income (loss) before taxes on income | $ | 2,526 | $ | (8,214 | ) | $ | (17,108 | ) | |||||
Theoretical tax at U.S. statutory tax rate (35%) | $ | 884 | $ | (2,875 | ) | $ | (5,988 | ) | |||||
State taxes, net of federal benefit | 2 | 2 | 2 | ||||||||||
Foreign income taxed at rates other than the U.S. rate (including deferred taxes that were not provided, valuation allowance and current adjustment and interest on uncertain tax position liability) | (3,015 | ) | 1,253 | 2,563 | |||||||||
Nondeductible equity-based compensation expenses | 1,456 | 1,744 | 2,177 | ||||||||||
Current adjustment and interest on uncertain tax position liability in U.S. | (283 | ) | (465 | ) | (598 | ) | |||||||
Valuation allowance in U.S. | 804 | 154 | 957 | ||||||||||
Other | 2 | 15 | 21 | ||||||||||
$ | (150 | ) | $ | (172 | ) | $ | (866 | ) | |||||
d. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets (short-term): | |||||||||||||
Reserves and accruals | $ | 92 | $ | 101 | |||||||||
Total deferred tax assets (short-term) | 92 | 101 | |||||||||||
Valuation allowance | - | - | |||||||||||
Total | 92 | 101 | |||||||||||
Deferred tax assets (long-term): | |||||||||||||
Reserves and accruals | 1,074 | 1,070 | |||||||||||
Equity-based compensation | 2,526 | 2,372 | |||||||||||
Intangible assets | 1,453 | 1,621 | |||||||||||
Carryforward tax losses | 31,817 | 31,449 | |||||||||||
Other | 16 | 51 | |||||||||||
Total deferred tax assets (long-term) | 36,886 | 36,563 | |||||||||||
Valuation allowance | (36,886 | ) | (36,563 | ) | |||||||||
Total | - | - | |||||||||||
Total deferred tax assets | $ | 92 | $ | 101 | |||||||||
Deferred tax liabilities, net (Long term): | |||||||||||||
Acquired intangible assets | 1,670 | 2,056 | |||||||||||
Acquired carryforward tax losses | (487 | ) | (487 | ) | |||||||||
Total deferred tax liabilities, net | $ | 1,183 | $ | 1,569 | |||||||||
Management believes that the deferred net tax assets will not be realized based on current levels of future taxable income and potentially refundable taxes. Accordingly, a valuation allowance in the amount of $36,886 and $36,563 was provided as of December 31, 2013 and 2012, respectively. The Company does not have a provision for U.S. income taxes on the undistributed earnings of its international subsidiaries since the Company intends to indefinitely reinvest these earnings outside the U.S. | |||||||||||||
e. Uncertain tax positions: | |||||||||||||
A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Gross unrecognized tax benefits at January 1 | $ | 1,815 | $ | 1,115 | |||||||||
Decrease in tax positions for previous years | - | - | |||||||||||
Increases in tax positions for previous years | 59 | 1,220 | |||||||||||
Increases in tax positions for current year | 109 | - | |||||||||||
Increase in interest related to tax positions | 193 | 102 | |||||||||||
Lapse in statute of limitations | (284 | ) | (622 | ) | |||||||||
Gross unrecognized tax benefits at December 31 | $ | 1,892 | $ | 1,815 | |||||||||
The total amount of net unrecognized tax benefits that, if recognized, would affect the effective tax rate was $1,892 and $1,815 at December 31, 2013 and 2012, respectively. The Company accrues interest and penalties relating to unrecognized tax benefits in its provision for income taxes. At December 31, 2013 and 2012, the Company had accrued interest and penalties related to unrecognized tax benefits of $408 and $435, respectively. | |||||||||||||
The Company reversed income tax contingency reserves that were determined to be no longer required due to the expiration of applicable statute of limitations. Pursuant to this reversal, the Company recorded a tax benefit of $284, $622 and $635 during 2013, 2012 and 2011, respectively. | |||||||||||||
The Company and certain of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The last examination conducted by U.S. tax authorities was with respect to the Company's U.S. federal income tax returns for 2004. The statute of limitations relating to the consolidated Federal income tax return is closed for all tax years up to and including 2009. | |||||||||||||
With respect to DSP Israel, the tax returns up to and including 2005 are considered to be final and not subject to any audits due to the expiration of the statute of limitations. | |||||||||||||
Currently, the income tax returns of DSP Israel for the years 2006-2011 are being audited by the Israeli tax authorities. | |||||||||||||
With respect to the Company's Swiss subsidiary, the statute of limitations related to its tax returns is opened for all tax years since its incorporation. | |||||||||||||
A change in the amount of unrecognized tax benefit is reasonably possible in the next 12 months due to the examination by the Israeli tax authorities of the Company’s Israeli tax returns for 2006 – 2011 and due to the examination by the German tax authorities of the Company’s German tax returns for 2007 – 2009. The Company currently cannot provide an estimate of the range of change in the amount of the unrecognized tax benefits due to the ongoing status of the examination. | |||||||||||||
f. Tax benefits under the Law for the Encouragement of Capital Investments, 1959 ("Investment Law"): Six separate investment programs of DSP Israel's production facilities have been granted "Approved Enterprise" status and two investment programs of DSP Israel's production facilities was filed under "Beneficiary Enterprise" status under the Investment Law. The Investment Law provides certain Israeli tax benefits for eligible capital investments in a production facility, as discussed in greater detail below. | |||||||||||||
On April 1, 2005, an amendment to the Investment Law came into effect (the "Amendment") and significantly changed the provisions of the Investment Law. Generally, DSP Israel's investment programs that obtained approval for Approved Enterprise status prior to enactment of the Amendment will continue to be subject to the old provisions of the Investment Law. | |||||||||||||
The Amendment enacted major changes in the manner in which tax benefits are awarded under the Investment Law so that companies are no longer required to get the Investment Center's prior approval to qualify for tax benefits. An enterprise that receives tax benefits without the initial approval from the Investment Center is called a "Beneficiary Enterprise," rather than the previous terminology of “Approved Enterprise”. The period of tax benefits for a new Beneficiary Enterprise commences in the "Year of Commencement," which is the later of: (1) the year in which taxable income is first generated by the company, or (2) the year of election. | |||||||||||||
In addition, under the Amendment, tax benefits are available to production facilities, which generally are required to derive more than 25% of their business income from export. Furthermore, in order to receive the tax benefits under the Amendment, a company must make an investment in the Benefited Enterprise exceeding a certain percentage or a minimum amount specified in the Investment Law. | |||||||||||||
DSP Israel has chosen the "alternative benefits" track for all of its investment programs. Accordingly, DSP Israel's income from an "Approved Enterprise" and "Beneficiary Enterprise" is tax-exempt for a period of two or four years and is subject to a reduced corporate tax rate of 10%-25% (based on the percentage of foreign ownership) for an additional period of eight or six years, respectively. | |||||||||||||
DSP Israel's first, second, third, fourth, fifth and sixth investment programs, which were completed and commenced operations in 1994, 1996, 1998, 1999, 2002 and 2004, respectively, were tax exempt for a period of between two and four years, from the first year they had taxable income and were entitled to a reduced corporate tax rate of 10%-25% (based on the percentage of foreign ownership) for an additional period of between six to eight years. As of 2013, the first, second, third ,fourth and fifth investment programs were no longer entitled to a reduced corporate tax rate. | |||||||||||||
DSP Israel's seventh and eighth investment programs have been in operation since 2006 and 2009, respectively, and entitles DSP Israel to a corporate tax exemption for a period of two years and a reduced corporate tax rate of 10%-25% (based on the percentage of foreign ownership) for an additional period of eight years from the first year it has taxable income. | |||||||||||||
Since DSP Israel is operating under more than one approval, its effective tax rate is the result of a weighted combination of the various applicable tax rates and tax exemptions and the computation is made for income derived from each investment program on the basis and formulas specified in the Investment Law and the approvals. | |||||||||||||
During 2006, DSP Israel received an approval for the erosion of tax basis in respect to its fifth and sixth investment programs. During 2008, DSP Israel received an approval for the erosion of tax basis with respect to its second, third and fourth investment programs. Those approvals resulted in increasing the taxable income attributable to the later investment programs, which are currently in operation and will be taxed at a lower tax rate than the previous investment programs, which in turn will decrease the overall effective tax rate. | |||||||||||||
The Company's investment programs that generate taxable income are currently subject to an average tax rate of up to approximately 10% based on a variety of factors, including percentage of foreign ownership and approvals for the erosion of the tax basis of our investment programs. The Company's average tax rate for its investment programs may change in the future due to circumstances outside of its control and therefore, the Company cannot provide any assurances that its average tax rate for its investment programs will continue at an approximate rate of 10% in the future. | |||||||||||||
In December 2010, the Israeli Parliament passed the Law for Economic Policy for 2011 and 2012 (Amended Legislation), which, among other things, included an amendment to the Investment Law, effective as of January 1, 2011 (the “2011 Amendment”). In accordance with the 2011 Amendment, the benefit tracks under the Investment Law were modified and a uniform tax rate would apply to companies eligible for the “Preferred Enterprise” status (rather than the previous terminology of “Beneficiary Enterprise”). Companies may elect to irrevocably implement the 2011 Amendment (while waiving benefits provided under the Investment Law as then in effect). | |||||||||||||
On July 30, 2013, the Israeli Parliament passed a law, which, among other things, was designated to amend the uniform tax rates that were set in the 2011 Amendment, and to increase the tax levy for years 2013 and 2014 (the “New Law”). The New Law increases the Israeli corporate tax rate from 25% to 26.5%, cancels the reduction of corporate tax rate for “Preferred Enterprises,”which will be set on 16% for 2014 and thereafter under the New Law and increases the tax rate on dividends from sources under the Israeli Investment Law to 20% commencing on January 1, 2014. | |||||||||||||
The Company does not currently intend to implement the 2011 Amendment, rather it intends to continue to comply with the Investment Law as it was in effect prior to enactment of the 2011 Amendment until the earlier of such time that compliance with the Investment Law prior to enactment of the 2011 Amendment is no longer in the Company’s best interests or until the expiration of its current investment programs. The Company is required to comply with the 2011 Amendment subsequent to the expiration of the Company’s current investment programs and for any new qualified investment program after a transitional period. Once the Company is required to comply with the provisions under the 2011 Amendment, its average tax rate may increase. | |||||||||||||
As of December 31, 2013, DSP Israel believed that it met all the conditions required under the plans, which include inter-alia an obligation to invest certain amounts in property and equipment and an obligation to finance a percentage of investments by share capital. | |||||||||||||
Should DSP Israel fail to meet such conditions in the future, it could be subject to corporate tax in Israel at the standard tax rate (25% for 2013 and 26.5% for 2014) plus a consumer price index linkage adjustment and interest and could be required to refund tax benefits already received. | |||||||||||||
As of December 31, 2013, approximately $35,481 was derived from tax exempt profits earned by DSP Israel's "Approved Enterprises" and "Beneficiary Enterprise". The Company has determined that such tax-exempt income will not be distributed as dividends and intends to reinvest the amount of its tax exempt income earned by DSP Israel. Accordingly, no provision for deferred income taxes has been provided on income attributable to DSP Israel's "Approved Enterprises" and "Beneficiary Enterprise" as such income is essentially permanently reinvested. | |||||||||||||
If DSP Israel's retained tax-exempt income is distributed, the income would be taxed at the applicable corporate tax rate (currently 10%) as if it had not elected the alternative tax benefits under the Investment Law and an income tax liability of approximately $3,942 would have been incurred as of December 31, 2013. | |||||||||||||
DSP Israel's income from sources other than the "Approved Enterprises" and "Beneficiary Enterprise" during the benefit period will be subject to tax at the effective standard corporate tax rate in Israel (25% for 2013 and 26.5% for 2014). | |||||||||||||
g. Tax benefits under Israel's Law for Encouragement of Industry (Taxation), 1969: | |||||||||||||
DSP Israel is an "industrial company" under the Law for the Encouragement of Industry (Taxation), 1969, and as such is entitled to certain tax benefits, mainly the amortization of costs relating to know-how and patents, over eight years and accelerated depreciation. | |||||||||||||
The following corporate tax benefits, among others, are available to Industrial Companies: | |||||||||||||
• amortization of the cost of purchasing a patent, rights to use a patent and know-how, which are used for the development or advancement of the company, over an eight-year period commencing on the year in which such rights were first exercised; | |||||||||||||
• under limited conditions, an election to file consolidated tax returns with related Israeli Industrial Companies; and | |||||||||||||
• expenses related to a public offering are deductible in equal amounts over three years. | |||||||||||||
Eligibility for benefits under the Industry Encouragement Law is not contingent upon approval of any governmental authority. | |||||||||||||
There can be no assurances that the Company will continue to qualify as an Industrial Company or that the benefits described above will be available in the future. | |||||||||||||
h. Israeli tax rates: | |||||||||||||
The rate of the Israeli corporate tax is as follows: 2011 - 24%, 2012 and 2013 – 25%, 2014 – 26.5%. Tax at a rate of 25% applies on capital gains arising after January 1, 2003. | |||||||||||||
i. In connection with the CIPT Acquisition, the Company received a tax ruling from the Swiss tax authorities with respect to the taxable income generated by its Swiss subsidiary, including the amortization period for tax purposes of goodwill and all other intangible assets acquired in the CIPT Acquisition by its Swiss subsidiary. Pursuant to the tax ruling, the Company's Swiss subsidiary is entitled to reduced tax rates of approximately 10% to 15%, depending on the source of income, and tax amortization period of up to 10 years for the goodwill and other intangible assets acquired in the CIPT Acquisition by its Swiss subsidiary. | |||||||||||||
j. The Company has accumulated losses for federal and state tax purposes as of December 31, 2013 of approximately $10,736 and $3,030, respectively, which may be carried forward and offset against future taxable income for a period of fifteen to twenty years from its creation. In addition, the Company has accumulated capital losses of approximately $1,169, which may be carried forward and offset against future capital gains for a period of five years from its creation. DSP Israel has accumulated losses for tax purposes as of December 31, 2013, of approximately $38,981 (including research and development expenses carry forward), which may be carried forward and offset against future taxable income for an indefinite period. The Swiss subsidiary has accumulated losses for tax purposes as of December 31, 2013, of approximately $240,960, which may be carried forward and offset against future taxable income for a period of seven years from its creation. |
Note_16_Basic_and_Diluted_Loss
Note 16 - Basic and Diluted Loss Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
NOTE 16:- BASIC AND DILUTED LOSS PER SHARE | |||||||||||||
The following table sets forth the computation of basic and diluted net loss per share: | |||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Numerator: | |||||||||||||
Net income (loss) | $ | 2,676 | $ | (8,042 | ) | $ | (16,242 | ) | |||||
Denominator: | |||||||||||||
Weighted average number of shares of common stock outstanding during the year used to compute basic net income (loss) per share (in thousands) | 22,249 | 21,950 | 23,247 | ||||||||||
Incremental shares attributable to exercise of outstanding options, SARs and RSUs (assuming proceeds would be used to purchase treasury stock) (in thousands) | 657 | - | - | ||||||||||
Weighted average number of shares of common stock used to compute diluted net income (loss) per share (in thousands) | 22,906 | 21,950 | 23,247 | ||||||||||
Basic net income (loss) per share | $ | 0.12 | $ | (0.37 | ) | $ | (0.70 | ) | |||||
Diluted net income (loss) per share | $ | 0.12 | $ | (0.37 | ) | $ | (0.70 | ) | |||||
Note_17_Restructuring_Costs_an
Note 17 - Restructuring Costs and Other | 12 Months Ended | ||
Dec. 31, 2013 | |||
Restructuring and Related Activities [Abstract] | ' | ||
Restructuring and Related Activities Disclosure [Text Block] | ' | ||
NOTE 17:- RESTRUCTURING COSTS AND OTHER | |||
a. | During the third quarter of 2012, the Company initiated a restructuring plan in order to improve operating efficiencies and reduce its operating expenses for fiscal year 2012 and subsequent periods. As part of this restructuring plan, the Company executed termination agreements with certain of its employees. During the third quarter of 2012, the Company recorded an expense in the amount of $1,315, consisting mainly of employee severance costs and the future expected under-utilization of existing development tool agreements with expiry dates in 2013 and 2014. All restructuring payments related to this restructuring plan were paid as of December 31, 2013. | ||
b. | During the second quarter of 2012, as part of the Company's plan to improve operating efficiencies and reduce its operating expenses for fiscal year 2012 and subsequent periods, it restructured its operations. As part of this restructuring plan, the Company executed termination agreements with certain of its employees. During the second quarter of 2012, the Company recorded an expense in the amount of $693, consisting mainly of employee severance costs. The Company anticipates that the remaining accrued restructuring cost balance of $39 will be paid out in cash throughout 2014. | ||
c. | During the third quarter of 2011, as part of the Company's plan to improve operating efficiencies and reduce its operating expenses for fiscal year 2012 and subsequent periods, it restructured its U.S. operations. As part of this restructuring plan, the Company executed termination agreements with certain of its U.S. employees and renegotiated the lease for its U.S facilities. In 2011, the Company recorded an expense in the amount of $419, consisting of employee severance costs and lease agreement termination. During 2012, the remaining restructuring expenses related to the restructuring of U.S. operations were included in research and development expenses due to the immateriality of such expenses. As of December 31, 2012, all restructuring expenses mentioned above have been paid. | ||
d. | During the first quarter of 2011, the Company recorded total income of $590 in connection with its restructuring plan implemented during the third quarter of 2010. The income resulted mainly from the closure of the Company’s Swiss facilities and the termination of employment of the employees of its Swiss subsidiary, which resulted in a curtailment and settlement of the Swiss pension plan during the first quarter of 2011. | ||
Note_18_Segment_Information
Note 18 - Segment Information | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||||||||||
NOTE 18:- SEGMENT INFORMATION | |||||||||||||||||||||||||
Description of segments: | |||||||||||||||||||||||||
Until the second quarter of 2012, the Company operated under one reporting segment. During the third quarter of 2012, following a change in the manner management evaluates financial information, the Company determined that it operates under three reportable segments. | |||||||||||||||||||||||||
The Company's segment information has been prepared in accordance with ASC 280, "Segment Reporting." Operating segments are defined as components of an enterprise engaging in business activities about which separate financial information is available that is evaluated regularly by the Company's chief operating decision-maker (“CODM”) in deciding how to allocate resources and assess performance. The Company's CODM is its Chief Executive Officer, who evaluates the Company's performance and allocates resources based on segment revenues and operating income. | |||||||||||||||||||||||||
The Company's operating segments are as follows: Home, Office and Mobile. The classification of the Company’s business segments is based on a number of factors that management uses to evaluate, view and run its business operations, which include, but are not limited to, customer base, homogeneity of products and technology. | |||||||||||||||||||||||||
A description of the types of products provided by each business segment is as follows: | |||||||||||||||||||||||||
Home - Wireless chipset solutions for converged communication at home. Such solutions include integrated circuits targeted for cordless phones sold in retail or supplied by telecommunication service providers, residential gateway devices supplied by telecommunication service providers which integrate the DECT/CAT-iq functionality and also address home automation applications, as well as fixed-mobile convergence solutions. | |||||||||||||||||||||||||
Office - Comprehensive solution for Voice-over-IP (VoIP) office products, including office solutions that offer businesses of all size low-cost VoIP terminals with converged voice and data applications. | |||||||||||||||||||||||||
Mobile - Products for the mobile market that provides voice enhancement and far-end noise elimination targeted for mobile phone and mobile headsets. | |||||||||||||||||||||||||
Segment data: | |||||||||||||||||||||||||
The Company derives the results of its business segments directly from its internal management reporting system and by using certain allocation methods. The accounting policies the Company uses to derive business segment results are substantially the same as those the Company uses for consolidation of its financial statements. the CODM measures the performance of each business segment based on several metrics, including earnings from operations. CODM uses these results, in part, to evaluate the performance of, and to assign resources to, each of the business segments. The Company does not allocate to its business segments certain operating expenses, which it manages separately at the corporate level. These unallocated costs include primarily restructuring charges, amortization of purchased intangible assets, equity-based compensation expenses, proxy contest related expenses incurred during the second quarter of 2013 and certain corporate governance costs. | |||||||||||||||||||||||||
The Company does not allocate any assets to segments and, therefore, no amount of assets is reported to management and disclosed in the financial information for segments. Selected operating results information for each business segment was as follows for the year ended December 31, 2013, 2012 and 2011: | |||||||||||||||||||||||||
Year ended December 31 | |||||||||||||||||||||||||
Revenues | Income (loss) from operations | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Home | $ | 142,144 | $ | 155,211 | $ | 188,192 | $ | 25,367 | $ | 15,040 | -* | ||||||||||||||
Office | $ | 8,849 | $ | 7,579 | $ | 5,669 | $ | (4,656 | ) | $ | (5,156 | ) | -* | ||||||||||||
Mobile | $ | 70 | $ | - | $ | - | $ | (11,040 | ) | $ | (8,585 | ) | -* | ||||||||||||
Total | $ | 151,063 | $ | 162,790 | $ | 193,861 | $ | 9,671 | $ | 1,299 | $ | (2,830 | ) | ||||||||||||
*) It is impracticable to present 2011 income (loss) from operations by segments due to lack in internal management reporting and tracking system, which tracks and reports employees actual hours in the various projects. | |||||||||||||||||||||||||
The reconciliation of segment operating results information to the Company’s consolidated financial information was as follows: | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Income (loss) from operations | $ | 9,671 | $ | 1,299 | $ | (2,830 | ) | ||||||||||||||||||
Unallocated corporate, general and administrative expenses * | (2,368 | ) | (2,600 | ) | (3,484 | ) | |||||||||||||||||||
Restructuring expenses | - | (2,008 | ) | 170 | |||||||||||||||||||||
Proxy contest related expenses | (1,403 | ) | - | - | |||||||||||||||||||||
Equity-based compensation expenses | (4,159 | ) | (4,983 | ) | (6,220 | ) | |||||||||||||||||||
Intangible assets amortization expenses | (1,672 | ) | (2,310 | ) | (7,972 | ) | |||||||||||||||||||
Other income from remeasurement of initial investment in an affiliated company | - | - | 1,343 | ||||||||||||||||||||||
Financial income, net | 2,457 | 2,388 | 1,885 | ||||||||||||||||||||||
Total consolidated income (loss) before taxes | $ | 2,526 | $ | (8,214 | ) | $ | (17,108 | ) | |||||||||||||||||
*Includes mainly legal, accounting, board of directors and investors relation expenses. | |||||||||||||||||||||||||
Major customers and geographic information | |||||||||||||||||||||||||
The following is a summary of operations within geographic areas based on customer locations: | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Revenue distribution | |||||||||||||||||||||||||
Hong-Kong | $ | 86,090 | $ | 84,737 | $ | 100,894 | |||||||||||||||||||
Japan | 34,377 | 51,033 | 57,260 | ||||||||||||||||||||||
Korea | 914 | 1,968 | 5,909 | ||||||||||||||||||||||
Europe | 7,370 | 7,429 | 9,180 | ||||||||||||||||||||||
United States | 4,342 | 2,028 | 1,836 | ||||||||||||||||||||||
China | 6,999 | 6,270 | 8,577 | ||||||||||||||||||||||
Taiwan | 7,093 | 6,496 | 7,225 | ||||||||||||||||||||||
Other | 3,878 | 2,829 | 2,980 | ||||||||||||||||||||||
$ | 151,063 | $ | 162,790 | $ | 193,861 | ||||||||||||||||||||
For a summary of revenues from major customers, please see Note 1. Sales to these customers were primarily related to the Company's Home reportable segment. | |||||||||||||||||||||||||
The following is a summary of long-lived assets within geographic areas based on the assets' locations: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Long-lived assets | |||||||||||||||||||||||||
Europe | $ | 158 | $ | 120 | |||||||||||||||||||||
Israel | 2,260 | 3,151 | |||||||||||||||||||||||
United States | 1 | 9 | |||||||||||||||||||||||
Other | 418 | 426 | |||||||||||||||||||||||
$ | 2,837 | $ | 3,706 | ||||||||||||||||||||||
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | ' | ||||||
Description | Balance at Beginning of Period | Charged to (deducted from) Costs and Expenses | Balance at End of Period | ||||
Year ended December 31, 2011: | |||||||
Allowance for doubtful accounts Sales returns reserve | - | - | - | ||||
Year ended December 31, 2012: | |||||||
Allowance for doubtful accounts Sales returns reserve | - | - | - | ||||
Year ended December 31, 2013: | |||||||
Allowance for doubtful accounts Sales returns reserve | - | - | - | ||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||
Accounting Policies [Abstract] | ' | ' | ||||||||||||||||||||
Use of Estimates, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Use of estimates: | ||||||||||||||||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | ||||||||||||||||||||||
Financial Statements Presentation In United States Dollar [Policy Text Block] | ' | ' | ||||||||||||||||||||
Financial statements in U.S. dollars: | ||||||||||||||||||||||
Most of the revenues of the Company and its subsidiaries are generated in U.S. dollars ("dollar"). In addition, a substantial portion of the costs of the Company and its subsidiaries are incurred in dollars. The Company's management believes that the dollar is the currency of the primary economic environment in which the Company and its subsidiaries operate. Thus, the functional and reporting currency of the Company and its subsidiaries is the dollar. | ||||||||||||||||||||||
Monetary accounts maintained in currencies other than the dollar are remeasured into dollars in accordance with ASC No. 830-30, "Translation of Financial Statements." All transaction gains and losses resulting from the remeasurement of monetary balance sheet items are reflected in the consolidated statements of operations as financial income or expenses as appropriate. | ||||||||||||||||||||||
As a result of an acquisition of the Cordless and VoIP Terminals Business (the "CIPT Business") of NXP B.V. ("NXP") (the "CIPT Acquisition"), the financial statements of the Company's subsidiary – DSP Group Technologies GmbH whose functional currency is not the dollar, has been translated into dollars. All amounts on the balance sheets have been translated into the dollar using the exchange rates in effect on the relevant balance sheet dates. All amounts in the consolidated statements of operations have been translated into the dollar using the average exchange rate for the relevant periods. The resulting translation adjustments are reported as a component of accumulated other comprehensive income (loss) in changes in stockholders' equity. | ||||||||||||||||||||||
Accumulated other comprehensive loss related to foreign currency translation adjustments, net amounted to $193 and $181 as of December 31, 2013 and 2012, respectively. | ||||||||||||||||||||||
Consolidation, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Principles of consolidation: | ||||||||||||||||||||||
The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. | ||||||||||||||||||||||
Cash and Cash Equivalents, Unrestricted Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Cash and cash equivalents: | ||||||||||||||||||||||
The Company and its subsidiaries consider all highly liquid investments, which are readily convertible to cash with a maturity of three months or less on the date of acquisition, to be cash equivalents. | ||||||||||||||||||||||
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Restricted deposits: | ||||||||||||||||||||||
Restricted deposits include deposits which are used as security for one of the Company's lease agreements. | ||||||||||||||||||||||
Short Term Deposit [Policy Text Block] | ' | ' | ||||||||||||||||||||
Short-term deposits: | ||||||||||||||||||||||
Bank deposits with original maturities of more than three months and less than one year are presented at cost, including accrued interest. | ||||||||||||||||||||||
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Marketable securities: | ||||||||||||||||||||||
The Company and its subsidiaries account for investments in debt securities in accordance with FASB ASC No. 320-10, "Investments in Debt and Equity Securities." Management determines the appropriate classification of the Company's investments in debt securities at the time of purchase and reevaluates such determinations at each balance sheet date. | ||||||||||||||||||||||
The Company classified all of its investments in marketable securities as available for sale. | ||||||||||||||||||||||
Available-for-sale securities are carried at fair value, with the unrealized gains and losses, reported in other comprehensive income (loss) using the specific identification method. Unrealized losses determined to be other-than-temporary are recorded as a financial expense. The amortized cost of marketable securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization is included in financial income, net. Interest and dividends on securities are included in financial income, net. | ||||||||||||||||||||||
The marketable securities are periodically reviewed for impairment. If management concludes that any of these investments are impaired, management determines whether such impairment is other-than-temporary. Factors considered in making such a determination include the duration and severity of the impairment, the reason for the decline in value and the potential recovery period, and the Company's intent to sell, or whether it is more likely than not that the Company will be required to sell the investment before recovery of cost basis. For debt securities, only the decline attributable to deteriorating credit of an-other-than-temporary impairment is recorded in the consolidated statement of operations, unless the Company intends, or more likely than not it will be forced, to sell the security. During the years ended December 31, 2013, 2012 and 2011, the Company did not record an-other-than-temporary impairment loss (see Note 3). | ||||||||||||||||||||||
Fair Value Measurement, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Fair value of financial instruments: | ||||||||||||||||||||||
Cash and cash equivalents, restricted deposits, short-term deposits, trade receivables, trade payables and accrued liabilities approximate fair value due to short term maturities of these instruments. Marketable securities and derivative instruments are carried at fair value. See Note 3 for more information. | ||||||||||||||||||||||
Fair value is an exit price, representing the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a basis for considering such assumptions and for inputs used in valuation methodologies to measure fair value: | ||||||||||||||||||||||
Level 1- | Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. | |||||||||||||||||||||
Level 2- | Include other inputs that are directly or indirectly observable in the marketplace. | |||||||||||||||||||||
Level 3- | Unobservable inputs which are supported by little or no market activity. | |||||||||||||||||||||
The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. | ||||||||||||||||||||||
Inventory, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Inventories: | ||||||||||||||||||||||
Inventories are stated at the lower of cost or market value. Inventory reserves are provided to cover risks arising from slow-moving items or technological obsolescence. | ||||||||||||||||||||||
The Company and its subsidiaries periodically evaluate the quantities on hand relative to historical, current and projected sales volume. Based on this evaluation, an impairment charge is recorded when required to write-down inventory to its market value. | ||||||||||||||||||||||
Cost is determined as follows: | ||||||||||||||||||||||
Work in progress and finished products- on the basis of raw materials and manufacturing costs on an average basis. | ||||||||||||||||||||||
The Company regularly evaluates the ability to realize the value of inventory based on a combination of factors, including the following: historical usage rates and forecasted sales according to outstanding backlogs. Purchasing requirements and alternative usage are explored within these processes to mitigate inventory exposure. When recorded, the reserves are intended to reduce the carrying value of inventory to its net realizable value. Inventory of $12,334 and $12,916 as of December 31, 2013 and 2012, respectively, is stated net of inventory reserves of $591 and $1,466 in each year, respectively. If actual demand for the Company's products deteriorates, or market conditions are less favorable than those projected, additional inventory reserves may be required. | ||||||||||||||||||||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Property and equipment: | ||||||||||||||||||||||
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, at the following annual rates: | ||||||||||||||||||||||
% | ||||||||||||||||||||||
Computers and equipment | 20 | - | 33 | |||||||||||||||||||
Office furniture and equipment | 6 | - | 15 | |||||||||||||||||||
Leasehold improvements | Over the shorter of the related lease period or the life of the asset | |||||||||||||||||||||
Property and equipment of the Company and its subsidiaries are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of such assets to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. | ||||||||||||||||||||||
During the years ended December 31, 2013, 2012 and 2011, no impairment losses were identified for property and equipment. | ||||||||||||||||||||||
The Company accounts for costs of computer software developed or obtained for internal use in accordance with FASB ASC No. 350-40, "The Internal Use Software." FASB ASC 350-40 requires the capitalization of certain costs incurred in connection with developing or obtaining internal use software. During 2013, 2012 and 2011, the Company capitalized $34, $22 and $253, respectively, of internal use software cost. Such costs are amortized using the straight-line method over their estimated useful life of three years. | ||||||||||||||||||||||
Severance Pay [Policy Text Block] | ' | ' | ||||||||||||||||||||
Severance pay: | ||||||||||||||||||||||
DSP Group Ltd., the Company's Israeli subsidiary ("DSP Israel"), has a liability for severance pay pursuant to Israeli law, based on the most recent monthly salary of its employees multiplied by the number of years of employment as of the balance sheet date for such employees. DSP Israel's liability is fully provided for by monthly accrual and deposits with severance pay funds and insurance policies. | ||||||||||||||||||||||
The deposited funds include profits accumulated up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to Israel's Severance Pay Law or labor agreements. | ||||||||||||||||||||||
Severance expenses for the years ended December 31, 2013, 2012 and 2011, were $1,494, $1,660 and $2,089, respectively. | ||||||||||||||||||||||
Employee Benefits [Policy Text Block] | ' | ' | ||||||||||||||||||||
Employee benefit plan: | ||||||||||||||||||||||
The Company has a 401(K) deferred compensation plan covering all employees in the U.S. All eligible employees may elect to contribute up to 75% of their compensation to the plan through salary deferrals, subject to IRS limits. The maximum deferral for calendar year 2013 was $17 ($22.5 if the employee reached the age of 50 by December 31, 2013). The Company currently offers an employer matching program. The matching contribution currently is 50% on the first 6% of compensation contributed per year. This matching contribution vests 25% per year over the first four years of the employee's service in the Company. Employer contribution to the plan for the years 2013, 2012 and 2011 was $23, $28 and $56, respectively. | ||||||||||||||||||||||
Revenue Recognition, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Revenue recognition: | ||||||||||||||||||||||
The Company and its subsidiaries generate their revenues from sales of products. The Company and its subsidiaries sell their products through a direct sales force and through a network of distributors. | ||||||||||||||||||||||
Product sales are recognized when persuasive evidence of an agreement exists, delivery of the product has occurred, the fee is fixed or determinable, collectability is reasonably assured, and no significant obligations remain. | ||||||||||||||||||||||
Persuasive evidence of an arrangement exists - The Company's sales arrangements with customers are pursuant to written documentation, either a written contract or purchase order. The actual documentation used is dependent on the business practice with each customer. Therefore, the Company determines that persuasive evidence of an arrangement exists with respect to a customer when it has a written contract, or a written purchase order from the customer. | ||||||||||||||||||||||
Delivery has occurred - Each written documentation relating to a sale arrangement that is agreed upon with the customer specifically sets forth when risk and title are being transferred (based on the agreed International Commercial terms, or "INCOTERMS"). Therefore, the Company determines that risk and title are transferred to the customer when the terms of the written documentation based on the applicable INCOTERMS are satisfied and thus delivery of its products has occurred. | ||||||||||||||||||||||
Separately, the Company has consignment inventory which is held for specific customers at the customers' premises. It recognizes revenue on the consigned inventory when the customer consumes the products from the warehouse, as that is when per the consignment inventory agreements, risk and title passes to the customer and the products are deemed delivered to the customer. | ||||||||||||||||||||||
The fee is fixed or determinable - Pursuant to the customer agreements, the Company does not provide any price protection, stock rotation, right of return and/or other discount programs and thus the fee is considered fixed and determinable upon execution of the written documentation with the customers. Additionally, payments that are due within the normal course of the Company's credit terms, which are currently no more than four months from the contract date, are deemed to be fixed and determinable based on the Company's successful collection history for such arrangements. | ||||||||||||||||||||||
Collectibility is reasonably assured - The Company determines whether collectability is reasonably assured on a customer-by-customer basis pursuant to its credit review policy. The Company typically sells to customers with whom it has a long-term business relationship and a history of successful collection. A significant number of the Company's customers are also large original equipment manufacturers with substantial financial resources. For a new customer, or when an existing customer substantially expands its commitments, the Company evaluates the customer's financial position, the number of years the customer has been in business, the history of collection with the customer and the customer's ability to pay and typically assigns a credit limit based on that review. The Company increases the credit limit only after it has established a successful collection history with the customer. If the Company determines at any time that collectability is not reasonably assured under a particular arrangement based upon its credit review process, the customer's payment history or information that comes to light about a customer's financial position, it recognizes revenue under that arrangement as customer payments are actually received. | ||||||||||||||||||||||
With respect to product sales through the Company's distributors, such product revenues are deferred until the distributors resell the Company's products to the end-customers ("sell through") and recognized based upon receipt of reports from the distributors, provided all other revenue recognition criteria as discussed above are met. | ||||||||||||||||||||||
The Company views its distributor arrangements as that of consignment because, although the actual sales are conducted through the distributors and legally title for the products passes to the distributors upon delivery to the distributors, in substance inventory is simply being transferred to another location for sale to the end-user customers as the Company's primary business relationships and responsibilities are directly with the end-user customers. Because the Company views its arrangements with its distributors as that of consignment relationships, delivery of goods is not deemed to have occurred solely upon delivery to the distributors. Therefore, the Company recognizes revenues from distributors under the "sell-through" method. As a result, revenue is deferred at the time of shipment to the distributors and is recognized only when the distributors sell the products to the end-user customers. | ||||||||||||||||||||||
Standard Product Warranty, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Warranty: | ||||||||||||||||||||||
The Company warrants its products against errors, defects and bugs for generally one year. The Company estimates the costs that may be incurred under its warranty and records a liability in the amount of such costs. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. Warranty costs and liability were immaterial for the years ended December 31, 2013, 2012 and 2011. | ||||||||||||||||||||||
Research and Development Expense, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Research and development costs, net of grants received, are charged to the consolidated statement of operations as incurred. | ||||||||||||||||||||||
Government Grants [Policy Text Block] | ' | ' | ||||||||||||||||||||
Government grants: | ||||||||||||||||||||||
Government grants received by the Company’s Israeli subsidiary relating to categories of operating expenditures are credited to the consolidated statements of income during the period in which the expenditure to which they relate is charged. Royalty and non-royalty-bearing grants from the Israeli Office of the Chief Scientist ("OCS") for funding certain approved research and development projects are recognized at the time when the Company’s Israeli subsidiary is entitled to such grants, on the basis of the related costs incurred, and are included as a deduction from research and development expenses, net. | ||||||||||||||||||||||
The Company recorded grants (most of which are royalty bearing grants) in the amount of $2,116 for the year ended December 31, 2013. In 2012, the Company recorded non-royalty-bearing grants from the OCS in the amount of $386. | ||||||||||||||||||||||
The Company’s Israeli subsidiary is obligated to pay royalties amounting to 5% of the sales of certain products the development of which received grants from the OCS in previous years. The obligation to pay these royalties is contingent on actual sales of such products. Grants received from the OCS may become repayable if certain criteria under the grants are not met. The Israeli Research and Development Law provides that know-how developed under an approved research and development program may not be transferred to third parties without the approval of the OCS. Such approval is not required for the sale or export of any products resulting from such research or development. The OCS, under special circumstances, may approve the transfer of OCS-funded know-how outside Israel, in the following cases: (a) the grant recipient pays to the OCS a portion of the sale price paid in consideration for such OCS-funded know-how or in consideration for the sale of the grant recipient itself, as the case may be, which portion will not exceed six times the amount of the grants received plus interest (or three times the amount of the grant received plus interest, in the event that the recipient of the know-how has committed to retain the R&D activities of the grant recipient in Israel after the transfer); (b) the grant recipient receives know-how from a third party in exchange for its OCS-funded know-how; (c) such transfer of OCS-funded know-how arises in connection with certain types of cooperation in research and development activities; or (d) if such transfer of know-how arises in connection with a liquidation by reason of insolvency or receivership of the grant recipient. | ||||||||||||||||||||||
Reclassification, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Company’s Israeli subsidiary is obligated to pay royalties amounting to 5% of the sales of certain products the development of which received grants from the OCS in previous years | ||||||||||||||||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Equity-based compensation: | ||||||||||||||||||||||
At December 31, 2013, the Company had three equity incentive plans from which the Company may grant future equity awards and two expired equity incentive plans from which no future equity awards may be granted but had outstanding equity awards granted prior to expiration. The Company also had one employee stock purchase plan. See full description in Note 11. | ||||||||||||||||||||||
The Company accounts for equity-based compensation in accordance with FASB ASC No. 718, "Stock Compensation" ("FASB ASC No. 718"). FASB ASC No. 718 requires companies to estimate the fair value of equity-based awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statements of operations. | ||||||||||||||||||||||
The Company recognizes compensation expenses for the value of its awards granted based on the accelerated attribution method, rather than a straight-line method over the requisite service period of each of the awards, net of estimated forfeitures. FASB ASC No. 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Estimated forfeitures are based on actual historical pre-vesting forfeitures. | ||||||||||||||||||||||
FASB ASC No. 718 requires cash flows resulting from tax deductions in excess of the compensation costs recognized for those equity-based awards to be classified as financing cash flows. | ||||||||||||||||||||||
The Company selected the lattice option pricing model as the most appropriate fair value method for its equity-based awards and values options and stock appreciation rights (SARs) based on the market value of the underlying shares on the date of grant. The option-pricing model requires a number of assumptions, of which the most significant are the expected stock price volatility and the expected term of the equity-based award. Expected volatility is calculated based upon actual historical stock price movements. The expected term of the equity-based award granted is based upon historical experience and represents the period of time that the award granted is expected to be outstanding. The risk-free interest rate is based on the yield from U.S. treasury bonds with an equivalent term. The Company has historically not paid dividends and has no foreseeable plans to pay dividends. | ||||||||||||||||||||||
Earnings Per Share, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Basic and diluted income (loss) per share: | ||||||||||||||||||||||
Basic net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the year. Diluted net income (loss) per share further include the dilutive effect of stock options, stock appreciation rights (SARs) and restricted stock units (“RSUs”) outstanding during the year, all in accordance with FASB ASC No. 260, "Earnings Per Share." | ||||||||||||||||||||||
The total weighted average number of shares related to the outstanding stock options, SARs and RSUs excluded from the calculation of diluted net income (loss) per share due to their anti-dilutive effect was 2,730,867, 7,584,336 and 7,980,475 for the years ended December 31, 2013, 2012 and 2011, respectively | ||||||||||||||||||||||
Income Tax, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Income taxes: | ||||||||||||||||||||||
The Company and its subsidiaries account for income taxes in accordance with FASB ASC No. 740, "Income Taxes." This topic prescribes the use of the liability method, whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates that will be in effect when the differences are expected to reverse. The Company and its subsidiaries provide a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value. | ||||||||||||||||||||||
Deferred tax liabilities and assets are classified as current or non-current based on the classification of the related asset or liability for financial reporting, or according to the expected reversal dates of the specific temporary differences if not related to an asset or liability for financial reporting. | ||||||||||||||||||||||
The Company reports a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. | ||||||||||||||||||||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Concentrations of credit risk: | ||||||||||||||||||||||
Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, restricted deposits, short-term deposits, trade receivables and marketable securities. | ||||||||||||||||||||||
The majority of cash and cash equivalents and short-term deposits of the Company and its subsidiaries is invested in dollar deposits with major U.S., European and Israeli banks. Such investments in U.S. banks may be in excess of insured limits and are not insured in other jurisdictions. Generally, cash and cash equivalents and short-term deposits may be redeemed on demand and therefore a minimal credit risk exists with respect to these deposits and investments. | ||||||||||||||||||||||
The Company's marketable securities consist of investment-grade corporate bonds and U.S. government-sponsored enterprise ("GSE") securities. As of December 31, 2013, the amortized cost of the Company's marketable securities was $101,537, and their stated market value was $101,146, representing an unrealized loss of $391. | ||||||||||||||||||||||
A significant portion of the products of the Company and its subsidiaries is sold to original equipment manufacturers of consumer electronics products. The customers of the Company and its subsidiaries are located primarily in Japan, Hong Kong, Taiwan, China, Korea, Europe and the United States. The Company and its subsidiaries perform ongoing credit evaluations of their customers. A specific allowance for doubtful accounts is determined, based on management's estimates and historical experience. Under certain circumstances, the Company may require a letter of credit. The Company covers most of its trade receivables through credit insurance. As of December 31, 2013 and 2012, no allowance for doubtful accounts was provided. | ||||||||||||||||||||||
The Company and its subsidiaries have no off-balance-sheet concentration of credit risk, except for certain derivative instruments as mentioned below | ||||||||||||||||||||||
Derivatives, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Derivative instruments: | ||||||||||||||||||||||
FASB ASC No. 815,"Derivatives and Hedging", requires companies to recognize all of their derivative instruments as either assets or liabilities on the balance sheet at fair value. | ||||||||||||||||||||||
For derivative instruments that are designated and qualify as a cash flows hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Any gain or loss on a derivative instrument in excess of the cumulative change in the present value of future cash flows of the hedged item is recognized in current earnings during the period of change. | ||||||||||||||||||||||
To protect against the increase in value of forecasted foreign currency cash flows resulting from salary and rent payments in New Israeli Shekel ("NIS") during the year, the Company instituted a foreign currency cash flow hedging program. The Company hedges portions of the anticipated payroll and rent of its Israeli facilities denominated in NIS for a period of one to 12 months with put and call options and forward contracts. These forward contracts and put and call options are designated as cash flow hedges and are all effective as hedges of these expenses. | ||||||||||||||||||||||
The fair value of the outstanding derivative instruments at December 31, 2013 and 2012 is summarized below: | ||||||||||||||||||||||
Fair value of | ||||||||||||||||||||||
derivative instruments | ||||||||||||||||||||||
Derivative assets | As of December 31, | |||||||||||||||||||||
(liabilities) | Balance sheet location | 2013 | 2012 | |||||||||||||||||||
Foreign exchange forward contracts and put and call options | Other accounts receivable and prepaid expenses | $ | - | $ | 484 | |||||||||||||||||
Total | $ | - | $ | 484 | ||||||||||||||||||
The effect of derivative instruments in cash flow hedging transactions on income and other comprehensive income ("OCI") for the years ended December 31, 2013, 2012 and 2011 is summarized below: | ||||||||||||||||||||||
Gains (losses) on derivatives | ||||||||||||||||||||||
recognized in OCI | ||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||
Foreign exchange forward contracts and put and call options | $ | 372 | $ | 635 | $ | (325 | ) | |||||||||||||||
Gains (losses) on derivatives reclassified | ||||||||||||||||||||||
from OCI to income | ||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||
Location | 2013 | 2012 | 2011 | |||||||||||||||||||
Foreign exchange forward contracts and put and call options | Operating expenses | $ | 856 | $ | (325 | ) | $ | 625 | ||||||||||||||
As of December 31, 2013 and 2012, the Company had outstanding option contracts in the amount of $0 and $15,800, respectively. | ||||||||||||||||||||||
Comprehensive Income, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Comprehensive income: | ||||||||||||||||||||||
The Company accounts for comprehensive income in accordance with FASB ASC No. 220, "Comprehensive Income." This topic establishes standards for the reporting and display of comprehensive income and its components in a full set of general purpose financial statements. Comprehensive income generally represents all changes in stockholders' equity during the period except those resulting from investments by, or distributions to, stockholders. The Company determined that its items of comprehensive income relate to gains and losses on hedging derivative instruments, unrealized gains and losses on available-for-sale securities, unrealized gains and losses from pension and unrealized gain and losses from foreign currency translation adjustments. | ||||||||||||||||||||||
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for 2013: | ||||||||||||||||||||||
Unrealized gains (losses)on available-for-sale marketable securities | Unrealized gains (losses) on Cash Flow Hedges | Unrealized gains (losses)on components of definded benefit plans | Unrealized gains (losses) on foreign currency translation | Total | ||||||||||||||||||
Beginning balance | $ | 922 | $ | 484 | $ | (237 | ) | $ | (181 | ) | $ | 988 | ||||||||||
Other comprehensive income (loss) before reclassifications | (304 | ) | 372 | (11 | ) | (12 | ) | 45 | ||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (1,009 | ) | (856 | ) | 11 | - | (1,854 | ) | ||||||||||||||
Net current period other comprehensive income (loss) | (1,313 | ) | (484 | ) | - | (12 | ) | (1,809 | ) | |||||||||||||
Ending balance | $ | (391 | ) | $ | - | $ | (237 | ) | (193 | ) | $ | (821 | ) | |||||||||
The following table provides details about reclassifications out of accumulated other comprehensive income (loss) for 2013: | ||||||||||||||||||||||
Details about Accumulated Other Comprehensive | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Affected Line Item in the Statement of Income (Loss) | ||||||||||||||||||||
Income (Loss) Components | ||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||
Gains on available-for-sale marketable securities | $ | (1009 | ) | Financial income, net | ||||||||||||||||||
- | Provision for income taxes | |||||||||||||||||||||
(1009 | ) | Total, net of income taxes | ||||||||||||||||||||
Gains on cash flow hedges | ||||||||||||||||||||||
(672 | ) | Research and development | ||||||||||||||||||||
(66 | ) | Sales and marketing | ||||||||||||||||||||
(118 | ) | General and administrative | ||||||||||||||||||||
(856 | ) | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | |||||||||||||||||||||
(856 | ) | Total, net of income taxes | ||||||||||||||||||||
Income on components of defined benefit plans | 6 | Research and development | ||||||||||||||||||||
5 | Sales and marketing | |||||||||||||||||||||
11 | Total, before income taxes | |||||||||||||||||||||
- | Provision for income taxes | |||||||||||||||||||||
11 | Total, net of income taxes | |||||||||||||||||||||
Total reclassifications for the period | (1,854 | ) | Total, net of income taxes | |||||||||||||||||||
Treasury Stock [Policy Text Block] | ' | ' | ||||||||||||||||||||
Treasury stock: | ||||||||||||||||||||||
The Company repurchases its common stock from time to time on the open market or in other transactions and holds such shares as treasury stock. The Company presents the cost to repurchase treasury stock as a reduction of stockholders' equity. | ||||||||||||||||||||||
From time to time, the Company reissues treasury shares under its employee stock purchase plan and equity incentive plans, upon purchases or exercises of equity awards under the plans. When treasury stock is reissued, the Company accounts for the re-issuance in accordance with FASB ASC No. 505-30, "Treasury Stock" and charges the excess of the purchase cost over the re-issuance price (loss) to retained earnings. The purchase cost is calculated based on the specific identification method. In case the purchase cost is lower than the re-issuance price, the Company credits the difference to additional paid-in capital | ||||||||||||||||||||||
Cost Method Investments, Policy [Policy Text Block] | ' | ' | ||||||||||||||||||||
Investment in other company: | ||||||||||||||||||||||
Investment in other company is stated at cost. The Company followed ASC 323, "Investments - Equity and Joint Ventures", to determine whether it should apply the equity method of accounting to investment in other than common stock with regard to a certain investment in preferred shares, and determined that the preferred shares are not in substance common stock. | ||||||||||||||||||||||
The Company's investment in other company is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an investment may not be recoverable, in accordance with ASC 325-20. As of December 31, 2013, no impairment loss was indicated (see also Note 9). |
Acquisition_of_BoneTone_Commun1
Acquisition of BoneTone Communications (Tables) | 12 Months Ended | ||||
Dec. 31, 2011 | |||||
Business Combinations [Abstract] | ' | ||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | ||||
Year ended | |||||
December 31, | |||||
2011 | |||||
Working capital, excluding cash and cash equivalents | $ | (91 | ) | ||
Property and equipment | 26 | ||||
Long-Term deferred tax liabilities, net | (1,569 | ) | |||
In-process R&D | 7,702 | ||||
Non-competition agreement | 519 | ||||
Goodwill | 5,276 | ||||
11,863 | |||||
The acquisition date fair value of the Company's previously held equity interest in BoneTone | (3,543 | ) | |||
$ | 8,320 |
Note_1_General_Tables
Note 1 - General (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Disclosure Text Block [Abstract] | ' | ||||
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block] | ' | ||||
The acquisition-date fair value of the equity interest immediately before the acquisition date | $ | 3,543 | |||
Equity interest immediately before the acquisition date on a cost basis | (2,200 | ) | |||
Gain as a result of remeasuring the fair value of the equity interest | $ | 1,343 | |||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | ' | ||||
1-Dec-11 | |||||
Cash | $ | 267 | |||
Other current assets | 32 | ||||
Property and equipment | 26 | ||||
Other non-current assets | 68 | ||||
Current liabilities | (107 | ) | |||
Long-term deferred tax liability, net | (1,569 | ) | |||
Accrued severance pay | (73 | ) | |||
Net liabilities assumed | (1,356 | ) | |||
Intangible assets: | |||||
In-process research and development | 7,702 | ||||
Non-competition agreement | 519 | ||||
Total intangible assets | 8,221 | ||||
Goodwill - | 5,276 | ||||
Net assets acquired | $ | 12,141 |
Note_2_Significant_Accounting_1
Note 2 - Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||||||
Schedule Of Useful Life Of Property And Equipment [Table Text Block] | ' | ||||||||||||||||||||
% | |||||||||||||||||||||
Computers and equipment | 20 | - | 33 | ||||||||||||||||||
Office furniture and equipment | 6 | - | 15 | ||||||||||||||||||
Leasehold improvements | Over the shorter of the related lease period or the life of the asset | ||||||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | ' | ||||||||||||||||||||
Fair value of | |||||||||||||||||||||
derivative instruments | |||||||||||||||||||||
Derivative assets | As of December 31, | ||||||||||||||||||||
(liabilities) | Balance sheet location | 2013 | 2012 | ||||||||||||||||||
Foreign exchange forward contracts and put and call options | Other accounts receivable and prepaid expenses | $ | - | $ | 484 | ||||||||||||||||
Total | $ | - | $ | 484 | |||||||||||||||||
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||
Gains (losses) on derivatives | |||||||||||||||||||||
recognized in OCI | |||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Foreign exchange forward contracts and put and call options | $ | 372 | $ | 635 | $ | (325 | ) | ||||||||||||||
Derivative Instruments, Gain (Loss) [Table Text Block] | ' | ||||||||||||||||||||
Gains (losses) on derivatives reclassified | |||||||||||||||||||||
from OCI to income | |||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||
Location | 2013 | 2012 | 2011 | ||||||||||||||||||
Foreign exchange forward contracts and put and call options | Operating expenses | $ | 856 | $ | (325 | ) | $ | 625 | |||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||
Unrealized gains (losses)on available-for-sale marketable securities | Unrealized gains (losses) on Cash Flow Hedges | Unrealized gains (losses)on components of definded benefit plans | Unrealized gains (losses) on foreign currency translation | Total | |||||||||||||||||
Beginning balance | $ | 922 | $ | 484 | $ | (237 | ) | $ | (181 | ) | $ | 988 | |||||||||
Other comprehensive income (loss) before reclassifications | (304 | ) | 372 | (11 | ) | (12 | ) | 45 | |||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (1,009 | ) | (856 | ) | 11 | - | (1,854 | ) | |||||||||||||
Net current period other comprehensive income (loss) | (1,313 | ) | (484 | ) | - | (12 | ) | (1,809 | ) | ||||||||||||
Ending balance | $ | (391 | ) | $ | - | $ | (237 | ) | (193 | ) | $ | (821 | ) | ||||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | ||||||||||||||||||||
Details about Accumulated Other Comprehensive | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Affected Line Item in the Statement of Income (Loss) | |||||||||||||||||||
Income (Loss) Components | |||||||||||||||||||||
(In millions) | |||||||||||||||||||||
Gains on available-for-sale marketable securities | $ | (1009 | ) | Financial income, net | |||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
(1009 | ) | Total, net of income taxes | |||||||||||||||||||
Gains on cash flow hedges | |||||||||||||||||||||
(672 | ) | Research and development | |||||||||||||||||||
(66 | ) | Sales and marketing | |||||||||||||||||||
(118 | ) | General and administrative | |||||||||||||||||||
(856 | ) | Total, before income taxes | |||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
(856 | ) | Total, net of income taxes | |||||||||||||||||||
Income on components of defined benefit plans | 6 | Research and development | |||||||||||||||||||
5 | Sales and marketing | ||||||||||||||||||||
11 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
11 | Total, net of income taxes | ||||||||||||||||||||
Total reclassifications for the period | (1,854 | ) | Total, net of income taxes |
Note_3_Marketable_Securities_a1
Note 3 - Marketable Securities and Time Deposits (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized cost | Unrealized gains | Fair value | |||||||||||||||||||||||
(losses), net | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Short term deposit | $ | 2,911 | $ | 2,708 | $ | - | $ | - | $ | 2,911 | $ | 2,708 | |||||||||||||
U.S. GSE securities | 3,093 | 1,506 | (11 | ) | 4 | 3,082 | 1,510 | ||||||||||||||||||
Corporate obligations | 98,444 | 93,398 | (380 | ) | 918 | 98,064 | 94,316 | ||||||||||||||||||
$ | 104,448 | $ | 97,612 | $ | (391 | ) | $ | 922 | $ | 104,057 | $ | 98,534 | |||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized | Unrealized gains(losses) | Fair | |||||||||||||||||||||||
Cost | Gains | Losses | value | ||||||||||||||||||||||
Due in one year or less | $ | 10,961 | $ | 23 | $ | - | $ | 10,984 | |||||||||||||||||
Due after one year to five years | 90,576 | 162 | (576 | ) | 90,162 | ||||||||||||||||||||
$ | 101,537 | $ | 185 | $ | (576 | ) | $ | 101,146 | |||||||||||||||||
Amortized | Unrealized gains (losses) | Fair | |||||||||||||||||||||||
Cost | Gains | Losses | value | ||||||||||||||||||||||
Due in one year or less | $ | 17,454 | $ | 40 | $ | (1 | ) | $ | 17,493 | ||||||||||||||||
Due after one year to six years | 77,450 | 1,018 | (135 | ) | 78,333 | ||||||||||||||||||||
$ | 94,904 | $ | 1,058 | $ | (136 | ) | $ | 95,826 |
Note_4_Other_Accounts_Receivab1
Note 4 - Other Accounts Receivable and Prepaid Expenses (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Accounts Receivable And Prepaid Expenses Disclosure [Abstract] | ' | ||||||||
Schedule Of Other Accounts Receivable [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Tax and governmental receivables | $ | 652 | $ | 508 | |||||
Prepaid expenses | 1,706 | 2,651 | |||||||
Deposits | 201 | 419 | |||||||
Deferred income taxes | 92 | 101 | |||||||
Others | 82 | 78 | |||||||
$ | 2,733 | $ | 3,757 |
Note_5_Inventories_Tables
Note 5 - Inventories (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Schedule of Inventory, Current [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Work-in-progress | $ | 5,412 | $ | 6,821 | |||||
Finished products (*) | 6,922 | 6,095 | |||||||
$ | 12,334 | $ | 12,916 |
Note_6_Property_and_Equipment_
Note 6 - Property and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Cost: | |||||||||
Computers and equipment | $ | 40,624 | $ | 39,647 | |||||
Office furniture and equipment | 1,590 | 1,574 | |||||||
Leasehold improvements | 4,651 | 4,496 | |||||||
46,865 | 45,717 | ||||||||
Less - accumulated depreciation | 44,028 | 42,011 | |||||||
Depreciated cost | $ | 2,837 | $ | 3,706 |
Note_7_Intangible_Asset_Net_Ta
Note 7 - Intangible Asset, Net (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||
Schedule Of Intangible Assets [Table Text Block] | ' | ||||||||||||||
Useful life | December 31, | ||||||||||||||
(years) | 2013 | 2012 | |||||||||||||
Cost: | |||||||||||||||
Current technology | 4.2 | - | 5.3 | $ | 77,080 | $ | 77,080 | ||||||||
Customer relations | 7.3 | 23,477 | 23,477 | ||||||||||||
Technology (completion of the development of in-process R&D) | 6 | 7,702 | 7,702 | ||||||||||||
Non-competition agreement | 3 | 519 | 519 | ||||||||||||
108,778 | 108,778 | ||||||||||||||
Accumulated amortization: | |||||||||||||||
Current technology | 48,263 | 48,263 | |||||||||||||
Customer relations | 13,274 | 13,060 | |||||||||||||
Technology (completion of the development of in-process R&D) | 1,284 | - | |||||||||||||
Non-competition agreement | 360 | 188 | |||||||||||||
63,181 | 61,511 | ||||||||||||||
Impairment: (Note 7b) | |||||||||||||||
Current technology | 28,817 | 28,817 | |||||||||||||
Customer relations | 10,070 | 10,070 | |||||||||||||
38,887 | 38,887 | ||||||||||||||
Amortized cost | $ | 6,710 | $ | 8,380 | |||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||||
Year ending December 31, | |||||||||||||||
2014 | $ | 1,574 | |||||||||||||
2015 | 1,284 | ||||||||||||||
2016 | 1,284 | ||||||||||||||
2017 | 1,284 | ||||||||||||||
2018 | 1,284 | ||||||||||||||
$ | 6,710 |
Note_8_Fair_Value_Measurements1
Note 8 - Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Disclosure Text Block [Abstract] | ' | |||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||
Balance as of | Fair value measurements | |||||||||||||
Description | December 31, | Level 1 | Level 2 | Level 3 | ||||||||||
2013 | ||||||||||||||
Assets | ||||||||||||||
Cash equivalents | ||||||||||||||
Time deposits | $ | 913 | $ | 913 | ||||||||||
Money market mutual funds | $ | 3,762 | $ | 3,762 | ||||||||||
Short-term marketable securities and time deposits | ||||||||||||||
U.S. GSE securities | $ | 251 | $ | 251 | ||||||||||
Corporate debt securities | $ | 10,733 | $ | 10,733 | ||||||||||
Time deposits | $ | 2,911 | $ | 2,911 | ||||||||||
Long-term marketable securities | ||||||||||||||
U.S. GSE securities | $ | 2,831 | $ | 2,831 | ||||||||||
Corporate debt securities | $ | 87,331 | $ | 87,331 | ||||||||||
Balance as of | Fair value measurements | |||||||||||||
Description | December 31, | Level 1 | Level 2 | Level 3 | ||||||||||
2012 | ||||||||||||||
Assets | ||||||||||||||
Cash equivalents | ||||||||||||||
Time deposits | $ | 1,668 | $ | 1,668 | ||||||||||
Money market mutual funds | $ | 3,548 | $ | 3,548 | ||||||||||
Short-term marketable securities and time deposits | ||||||||||||||
U.S. GSE securities | $ | - | $ | - | ||||||||||
Corporate debt securities | $ | 17,493 | $ | 17,493 | ||||||||||
Time deposits | $ | 2,708 | $ | 2,708 | ||||||||||
Long-term marketable securities | ||||||||||||||
U.S. GSE securities | $ | 1,510 | $ | 1,510 | ||||||||||
Corporate debt securities | $ | 76,823 | $ | 76,823 | ||||||||||
Derivative assets | $ | 484 | $ | 484 |
Note_10_Accrued_Expenses_and_O1
Note 10 - Accrued Expenses and Other Accounts Payable (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Accrued expenses | $ | 3,324 | $ | 4,225 | |||||
Legal, accounting and investors relation accrual | 779 | 710 | |||||||
Royalties and commission | 640 | 387 | |||||||
Others | 789 | 1,192 | |||||||
$ | 5,532 | $ | 6,514 |
Note_11_Pension_Liability_Tabl
Note 11 - Pension Liability (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block] | ' | ||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Accumulated benefit obligation | $ | 1,227 | $ | 1,321 | |||||||||||||
Change in benefit obligation | |||||||||||||||||
Benefit obligation at beginning of year | $ | 1,334 | $ | 1,208 | |||||||||||||
Service cost | 5 | 61 | |||||||||||||||
Interest cost | 35 | 47 | |||||||||||||||
Benefits paid from the plan | (181 | ) | (172 | ) | |||||||||||||
Actuarial loss | 1 | 165 | |||||||||||||||
Exchange rates and others | 45 | 25 | |||||||||||||||
Benefit obligation at end of year | $ | 1,239 | $ | 1,334 | |||||||||||||
Change in plan assets | |||||||||||||||||
Fair value of plan assets at beginning of year | 364 | 416 | |||||||||||||||
Actual return on plan assets | 6 | 12 | |||||||||||||||
Employer contributions to plan | - | 28 | |||||||||||||||
Benefits paid from the plan | (123 | ) | (100 | ) | |||||||||||||
Exchange rates | 11 | 8 | |||||||||||||||
Fair value of plan assets at end of year | $ | 258 | $ | 364 | |||||||||||||
Schedule of Assumptions Used [Table Text Block] | ' | ||||||||||||||||
Year ended December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Weighted-average assumptions | |||||||||||||||||
Discount rate | 3.5 | % | 3.6 | % | 5.4 | % | |||||||||||
Expected return on plan assets | 2.88 | % | 2.88 | % | 1.54 | % | |||||||||||
Rate of compensation increase | 2.5 | % | 2.5 | % | 2.5 | % | |||||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Components of net periodic benefit cost | |||||||||||||||||
Service cost | $ | 5 | $ | 61 | $ | 153 | |||||||||||
Interest cost | 35 | 47 | 62 | ||||||||||||||
Expected return on plan assets | (6 | ) | (12 | ) | (28 | ) | |||||||||||
Amortization of net loss | 11 | 2 | 39 | ||||||||||||||
Curtailment gain (1) | - | - | (660 | ) | |||||||||||||
Net periodic benefit cost | $ | 45 | $ | 98 | $ | (434 | ) | ||||||||||
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] | ' | ||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Net amounts recognized in the consolidated balance sheets as of December 31, 2013 and 2012 consist of: | |||||||||||||||||
Current liabilities | $ | - | $ | - | |||||||||||||
Noncurrent liabilities | 981 | 970 | |||||||||||||||
Net amounts recognized in the consolidated balance sheets | $ | 981 | $ | 970 | |||||||||||||
Net amounts recognized in accumulated other comprehensive income as of December 31, 2013 and 2012 consist of: | |||||||||||||||||
Net actuarial loss | $ | (237 | ) | $ | (237 | ) | |||||||||||
Other | - | - | |||||||||||||||
Net amounts recognized in accumulated other comprehensive loss | $ | (237 | ) | $ | (237 | ) | |||||||||||
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||
2014 | |||||||||||||||||
Net actuarial loss and other | $ | 11 | |||||||||||||||
Schedule of Expected Benefit Payments [Table Text Block] | ' | ||||||||||||||||
Year ending December 31, | |||||||||||||||||
2014 | $ | 159 | |||||||||||||||
2015 | $ | 117 | |||||||||||||||
2016 | $ | 68 | |||||||||||||||
2017 | $ | 25 | |||||||||||||||
2018 | $ | 10 | |||||||||||||||
2019-2023 | $ | 95 | |||||||||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | ||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Bonds | - | - | |||||||||||||||
Real estate | - | - | |||||||||||||||
Cash | - | - | |||||||||||||||
Shares | - | - | |||||||||||||||
Other | 100 | % | 100 | % | |||||||||||||
100 | % | 100 | % | ||||||||||||||
Pension Plan Asset Allocations Fair Value [Table Text Block] | ' | ||||||||||||||||
Fair value measurements at December 31, 2013 using: | |||||||||||||||||
Total fair | Quoted | Significant | Significant unobservable | ||||||||||||||
value at | prices in | other | inputs | ||||||||||||||
December | active | observable | (Level 3) | ||||||||||||||
31, 2013 | markets | inputs | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
Cash | $ | - | $ | - | $ | - | $ | - | |||||||||
Equity securities | - | - | - | - | |||||||||||||
Real estate | - | - | - | - | |||||||||||||
Corporate bonds | - | - | - | - | |||||||||||||
Others | 258 | - | 258 | - | |||||||||||||
Total assets measured at fair value | $ | 258 | $ | - | $ | 258 | $ | - |
Note_12_Financial_Income_Net_T
Note 12 - Financial Income, Net (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Financial Income Net Disclosure [Abstract] | ' | ||||||||||||
Schedule Of Other Financial Income Expense [Table Text Block] | ' | ||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Foreign exchange gains | $ | - | $ | 120 | $ | 60 | |||||||
Interest income from marketable securities and deposits, net of amortization of premium on marketable securities | 1,656 | 1,859 | 2,014 | ||||||||||
Realized gains on marketable securities | 1,013 | 708 | 181 | ||||||||||
Other | 13 | 1 | 7 | ||||||||||
Financial income | 2,682 | 2,688 | 2,262 | ||||||||||
Realized losses on marketable securities | 4 | 38 | 26 | ||||||||||
Foreign exchange losses | 86 | 88 | 95 | ||||||||||
Interest expenses | 29 | 35 | 42 | ||||||||||
Other | 106 | 139 | 214 | ||||||||||
Financial expense | 225 | 300 | 377 | ||||||||||
Financial income, net | $ | 2,457 | $ | 2,388 | $ | 1,885 |
Note_13_Stockholders_Equity_Ta
Note 13 - Stockholders' Equity (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Schedule Of Equity Based Awards Available For Future Issuances [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
ESPP | 714,000 | ||||||||||||||||||||||||||||||||||||
Equity awards | 1,843,000 | ||||||||||||||||||||||||||||||||||||
Undesignated preferred stock | 5,000,000 | ||||||||||||||||||||||||||||||||||||
7,557,000 | |||||||||||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Amount | Weighted average exercise | Aggregate intrinsic | Amount | Weighted average exercise | Aggregate intrinsic | Amount | Weighted average exercise | Aggregate intrinsic | |||||||||||||||||||||||||||||
of | price | value (4) | of | price | value (4) | of | price | value (4) | |||||||||||||||||||||||||||||
options/ | options/ | options/ | |||||||||||||||||||||||||||||||||||
SARs/RSUs | SARs/RSUs | SARs/RSUs | |||||||||||||||||||||||||||||||||||
in | in | in | |||||||||||||||||||||||||||||||||||
thousands | thousands | thousands | |||||||||||||||||||||||||||||||||||
Options outstanding at beginning of year | 9,622 | $ | 10.72 | $ | - | 10,564 | $ | 12.22 | $ | - | 11,305 | $ | 12.94 | $ | - | ||||||||||||||||||||||
Changes during the year: | |||||||||||||||||||||||||||||||||||||
Options granted | 524 | $ | 6.42 | $ | - | 310 | $ | 5.67 | $ | - | 250 | $ | 7.82 | $ | - | ||||||||||||||||||||||
SARs granted (1) | - | $ | - | $ | - | 1,100 | $ | 6.16 | $ | - | 1,013 | $ | 7.52 | $ | - | ||||||||||||||||||||||
RSUs granted | 552 | $ | - | $ | - | - | $ | - | $ | - | - | $ | - | $ | - | ||||||||||||||||||||||
Exercised | (2,105 | ) | $ | 6.49 | $ | 3,795 | (127 | ) | $ | 5.97 | $ | 62 | (339 | ) | $ | 6.22 | $ | 647 | |||||||||||||||||||
Forfeited and cancelled | (2,056 | ) | $ | 17.56 | $ | - | (2,225 | ) | $ | 15.14 | $ | - | (1,665 | ) | $ | 14.86 | $ | - | |||||||||||||||||||
Options/SARs/RSUs outstanding at end of year (2) | 6,537 | $ | 8.68 | $ | 16,673 | 9,622 | $ | 10.72 | $ | 98 | 10,564 | $ | 12.22 | $ | - | ||||||||||||||||||||||
Options/SARs/RSUs exercisable at end of year (3) | 4,623 | $ | 10.3 | $ | 7,230 | 7,223 | $ | 12.07 | $ | 28 | 7,669 | $ | 14.1 | $ | - | ||||||||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Range of exercise price | Outstanding | Remaining contractual life (years) (1) | Weighted average exercise price | Exercisable | Remaining contractual life (years) | Weighted average exercise price | |||||||||||||||||||||||||||||||
$ | thousands | S | thousands | S | |||||||||||||||||||||||||||||||||
0 (RSUs) | 520 | - | - | - | - | - | |||||||||||||||||||||||||||||||
5.21 | - | 7.26 | 3,034 | 4.2 | 6.49 | 1,972 | 3.37 | 6.64 | |||||||||||||||||||||||||||||
7.49 | - | 10.23 | 2,144 | 2.6 | 9.15 | 1,813 | 2.03 | 9.41 | |||||||||||||||||||||||||||||
11.60 | - | 15.79 | 80 | 2.53 | 12.9 | 80 | 2.53 | 12.9 | |||||||||||||||||||||||||||||
18.01 | - | 25.06 | 759 | 0.35 | 21.64 | 758 | 0.35 | 21.64 | |||||||||||||||||||||||||||||
6,537 | 2.87 | 8.68 | 4,623 | 2.34 | 10.3 | ||||||||||||||||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Volatility | 46.24 | % | 48.23 | % | 54.6 | % | |||||||||||||||||||||||||||||||
Risk-free interest rate | 1.39 | % | 2.2 | % | 2.23 | % | |||||||||||||||||||||||||||||||
Dividend yield | 0 | % | 0 | % | 0 | % | |||||||||||||||||||||||||||||||
Pre-vest cancellation rate *) | 3.48 | % | 3.5 | % | 3.37 | % | |||||||||||||||||||||||||||||||
Post-vest cancellation rate **) | 2.52 | % | 2.58 | % | 2.21 | % | |||||||||||||||||||||||||||||||
Suboptimal exercise factor ***) | 1.81 | 1.6 | 1.59 | ||||||||||||||||||||||||||||||||||
Expected life (years) | 4.66 | 4.19 | 4.14 | ||||||||||||||||||||||||||||||||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Non-vested | Units | Weighted | |||||||||||||||||||||||||||||||||||
average grant | |||||||||||||||||||||||||||||||||||||
date fair value | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Non-vested at January 1, 2013 | 2,399 | 2.76 | |||||||||||||||||||||||||||||||||||
Granted | 1,076 | 5.55 | |||||||||||||||||||||||||||||||||||
Vested | (1,250 | ) | 2.86 | ||||||||||||||||||||||||||||||||||
Forfeited | (311 | ) | 3.53 | ||||||||||||||||||||||||||||||||||
Non-vested at December 31, 2013 | 1,914 | 4.14 |
Note_14_Commitments_and_Contin1
Note 14 - Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||
Year ended December 31, | |||||
2014 | $ | 2,860 | |||
2015 | 2,627 | ||||
2016 | 2,192 | ||||
2017 and thereafter | 3,044 | ||||
$ | 10,723 |
Note_15_Taxes_on_Income_Tables
Note 15 - Taxes on Income (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic taxes | |||||||||||||
Federal taxes: | |||||||||||||
Current | $ | (271 | ) | $ | (465 | ) | $ | 36 | |||||
State taxes: | |||||||||||||
Current | (9 | ) | 1 | (623 | ) | ||||||||
Foreign taxes: | |||||||||||||
Current | 507 | 304 | (311 | ) | |||||||||
Deferred | (377 | ) | (12 | ) | 32 | ||||||||
130 | 292 | (279 | ) | ||||||||||
Income tax benefit | $ | (150 | ) | $ | (172 | ) | $ | (866 | ) | ||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | ||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic | $ | (3,525 | ) | $ | (844 | ) | $ | (3,162 | ) | ||||
Foreign | 6,051 | (7,370 | ) | (13,946 | ) | ||||||||
$ | 2,526 | $ | (8,214 | ) | $ | (17,108 | ) | ||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Income (loss) before taxes on income | $ | 2,526 | $ | (8,214 | ) | $ | (17,108 | ) | |||||
Theoretical tax at U.S. statutory tax rate (35%) | $ | 884 | $ | (2,875 | ) | $ | (5,988 | ) | |||||
State taxes, net of federal benefit | 2 | 2 | 2 | ||||||||||
Foreign income taxed at rates other than the U.S. rate (including deferred taxes that were not provided, valuation allowance and current adjustment and interest on uncertain tax position liability) | (3,015 | ) | 1,253 | 2,563 | |||||||||
Nondeductible equity-based compensation expenses | 1,456 | 1,744 | 2,177 | ||||||||||
Current adjustment and interest on uncertain tax position liability in U.S. | (283 | ) | (465 | ) | (598 | ) | |||||||
Valuation allowance in U.S. | 804 | 154 | 957 | ||||||||||
Other | 2 | 15 | 21 | ||||||||||
$ | (150 | ) | $ | (172 | ) | $ | (866 | ) | |||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets (short-term): | |||||||||||||
Reserves and accruals | $ | 92 | $ | 101 | |||||||||
Total deferred tax assets (short-term) | 92 | 101 | |||||||||||
Valuation allowance | - | - | |||||||||||
Total | 92 | 101 | |||||||||||
Deferred tax assets (long-term): | |||||||||||||
Reserves and accruals | 1,074 | 1,070 | |||||||||||
Equity-based compensation | 2,526 | 2,372 | |||||||||||
Intangible assets | 1,453 | 1,621 | |||||||||||
Carryforward tax losses | 31,817 | 31,449 | |||||||||||
Other | 16 | 51 | |||||||||||
Total deferred tax assets (long-term) | 36,886 | 36,563 | |||||||||||
Valuation allowance | (36,886 | ) | (36,563 | ) | |||||||||
Total | - | - | |||||||||||
Total deferred tax assets | $ | 92 | $ | 101 | |||||||||
Deferred tax liabilities, net (Long term): | |||||||||||||
Acquired intangible assets | 1,670 | 2,056 | |||||||||||
Acquired carryforward tax losses | (487 | ) | (487 | ) | |||||||||
Total deferred tax liabilities, net | $ | 1,183 | $ | 1,569 | |||||||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | ||||||||||||
2013 | 2012 | ||||||||||||
Gross unrecognized tax benefits at January 1 | $ | 1,815 | $ | 1,115 | |||||||||
Decrease in tax positions for previous years | - | - | |||||||||||
Increases in tax positions for previous years | 59 | 1,220 | |||||||||||
Increases in tax positions for current year | 109 | - | |||||||||||
Increase in interest related to tax positions | 193 | 102 | |||||||||||
Lapse in statute of limitations | (284 | ) | (622 | ) | |||||||||
Gross unrecognized tax benefits at December 31 | $ | 1,892 | $ | 1,815 |
Note_16_Basic_and_Diluted_Loss1
Note 16 - Basic and Diluted Loss Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Numerator: | |||||||||||||
Net income (loss) | $ | 2,676 | $ | (8,042 | ) | $ | (16,242 | ) | |||||
Denominator: | |||||||||||||
Weighted average number of shares of common stock outstanding during the year used to compute basic net income (loss) per share (in thousands) | 22,249 | 21,950 | 23,247 | ||||||||||
Incremental shares attributable to exercise of outstanding options, SARs and RSUs (assuming proceeds would be used to purchase treasury stock) (in thousands) | 657 | - | - | ||||||||||
Weighted average number of shares of common stock used to compute diluted net income (loss) per share (in thousands) | 22,906 | 21,950 | 23,247 | ||||||||||
Basic net income (loss) per share | $ | 0.12 | $ | (0.37 | ) | $ | (0.70 | ) | |||||
Diluted net income (loss) per share | $ | 0.12 | $ | (0.37 | ) | $ | (0.70 | ) |
Note_18_Segment_Information_Ta
Note 18 - Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||||||||||
Year ended December 31 | |||||||||||||||||||||||||
Revenues | Income (loss) from operations | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Home | $ | 142,144 | $ | 155,211 | $ | 188,192 | $ | 25,367 | $ | 15,040 | -* | ||||||||||||||
Office | $ | 8,849 | $ | 7,579 | $ | 5,669 | $ | (4,656 | ) | $ | (5,156 | ) | -* | ||||||||||||
Mobile | $ | 70 | $ | - | $ | - | $ | (11,040 | ) | $ | (8,585 | ) | -* | ||||||||||||
Total | $ | 151,063 | $ | 162,790 | $ | 193,861 | $ | 9,671 | $ | 1,299 | $ | (2,830 | ) | ||||||||||||
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | ' | ||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Income (loss) from operations | $ | 9,671 | $ | 1,299 | $ | (2,830 | ) | ||||||||||||||||||
Unallocated corporate, general and administrative expenses * | (2,368 | ) | (2,600 | ) | (3,484 | ) | |||||||||||||||||||
Restructuring expenses | - | (2,008 | ) | 170 | |||||||||||||||||||||
Proxy contest related expenses | (1,403 | ) | - | - | |||||||||||||||||||||
Equity-based compensation expenses | (4,159 | ) | (4,983 | ) | (6,220 | ) | |||||||||||||||||||
Intangible assets amortization expenses | (1,672 | ) | (2,310 | ) | (7,972 | ) | |||||||||||||||||||
Other income from remeasurement of initial investment in an affiliated company | - | - | 1,343 | ||||||||||||||||||||||
Financial income, net | 2,457 | 2,388 | 1,885 | ||||||||||||||||||||||
Total consolidated income (loss) before taxes | $ | 2,526 | $ | (8,214 | ) | $ | (17,108 | ) | |||||||||||||||||
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | ' | ||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Revenue distribution | |||||||||||||||||||||||||
Hong-Kong | $ | 86,090 | $ | 84,737 | $ | 100,894 | |||||||||||||||||||
Japan | 34,377 | 51,033 | 57,260 | ||||||||||||||||||||||
Korea | 914 | 1,968 | 5,909 | ||||||||||||||||||||||
Europe | 7,370 | 7,429 | 9,180 | ||||||||||||||||||||||
United States | 4,342 | 2,028 | 1,836 | ||||||||||||||||||||||
China | 6,999 | 6,270 | 8,577 | ||||||||||||||||||||||
Taiwan | 7,093 | 6,496 | 7,225 | ||||||||||||||||||||||
Other | 3,878 | 2,829 | 2,980 | ||||||||||||||||||||||
$ | 151,063 | $ | 162,790 | $ | 193,861 | ||||||||||||||||||||
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | ' | ||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Long-lived assets | |||||||||||||||||||||||||
Europe | $ | 158 | $ | 120 | |||||||||||||||||||||
Israel | 2,260 | 3,151 | |||||||||||||||||||||||
United States | 1 | 9 | |||||||||||||||||||||||
Other | 418 | 426 | |||||||||||||||||||||||
$ | 2,837 | $ | 3,706 |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||
Summary of Valuation Allowance [Table Text Block] | ' | ||||||
Description | Balance at Beginning of Period | Charged to (deducted from) Costs and Expenses | Balance at End of Period | ||||
Year ended December 31, 2011: | |||||||
Allowance for doubtful accounts Sales returns reserve | - | - | - | ||||
Year ended December 31, 2012: | |||||||
Allowance for doubtful accounts Sales returns reserve | - | - | - | ||||
Year ended December 31, 2013: | |||||||
Allowance for doubtful accounts Sales returns reserve | - | - | - |
Acquisition_of_BoneTone_Commun2
Acquisition of BoneTone Communications (Details) - Acquisition of BoneTone Communications (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 02, 2011 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 02, 2011 | Dec. 02, 2011 |
In Thousands, unless otherwise specified | BoneTone Communications [Member] | BoneTone Communications [Member] | BoneTone Communications [Member] | BoneTone Communications [Member] | In Process Research and Development [Member] | Noncompete Agreements [Member] | |||
In Process Research and Development [Member] | Noncompete Agreements [Member] | ||||||||
Acquisition of BoneTone Communications (Details) - Acquisition of BoneTone Communications [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Working capital, excluding cash and cash equivalents | ' | ' | ' | ' | ' | ($91) | ' | ' | ' |
Property and equipment | ' | ' | 26 | ' | ' | 26 | ' | ' | ' |
Long-Term deferred tax liabilities, net | ' | ' | 1,569 | ' | ' | -1,569 | ' | ' | ' |
Finite-intangible assets | ' | ' | ' | 7,702 | 519 | ' | ' | 7,702 | 519 |
Goodwill | 5,276 | 5,276 | 5,276 | ' | ' | 5,276 | 5,276 | ' | ' |
' | ' | 12,141 | ' | ' | 11,863 | ' | ' | ' | |
The acquisition date fair value of the Company's previously held equity interest in BoneTone | ' | ' | ' | ' | ' | -3,543 | ' | ' | ' |
' | ' | ' | ' | ' | $8,320 | ' | ' | ' |
Note_1_General_Details
Note 1 - General (Details) (USD $) | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 02, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 02, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Nov. 30, 2009 | |||
Vtech Holdings Ltd [Member] | Vtech Holdings Ltd [Member] | Vtech Holdings Ltd [Member] | Tomen Electronics Corporation [Member] | Tomen Electronics Corporation [Member] | Tomen Electronics Corporation [Member] | Panasonic Communications Corporation [Member] | Panasonic Communications Corporation [Member] | Panasonic Communications Corporation [Member] | Uniden America Corporation [Member] | Uniden America Corporation [Member] | Uniden America Corporation [Member] | Telecom Holdings Ltd. [Member] | Telecom Holdings Ltd. [Member] | Telecom Holdings Ltd. [Member] | BoneTone Communications [Member] | BoneTone Communications [Member] | BoneTone Communications [Member] | BoneTone Communications [Member] | BoneTone Communications [Member] | ||||||||
Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Non-competition Agreement [Member] | ||||||||||||
Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | Sales Revenue, Net [Member] | |||||||||||||
Note 1 - General (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Concentration Risk, Percentage | ' | ' | ' | ' | 36.00% | 35.00% | 33.00% | 19.00% | 21.00% | 19.00% | 14.00% | 15.00% | 13.00% | 4.00% | 11.00% | 10.00% | 9.00% | 8.00% | 11.00% | ' | ' | ' | ' | ' | |||
Equity Method Investment Initial Amount (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($2,200) | $2,200 | |||
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30.00% | |||
Payments to Acquire Businesses, Gross (in Dollars) | ' | [1] | ' | [1] | 8,320 | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,600 | ' | ' | ' |
(in Dollars) | ' | ' | 1,343 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,343 | 1,343 | ' | |||
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | |||
Goodwill (in Dollars) | $5,276 | $5,276 | ' | $5,276 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5,276 | $5,276 | ' | |||
[1] | The net fair value of the assets acquired and the liabilities assumed, on the date of acquisition of BoneTone Communications Ltd. ("BoneTone"), was as follows: |
Note_1_General_Details_Busines
Note 1 - General (Details) - Business Acquisition Remeasurment (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2011 | Nov. 30, 2009 |
Business Acquisition, Equity Interests Issued or Issuable [Line Items] | ' | ' | ' |
Gain as a result of remeasuring the fair value of the equity interest | ' | $1,343 | ' |
BoneTone Communications [Member] | ' | ' | ' |
Business Acquisition, Equity Interests Issued or Issuable [Line Items] | ' | ' | ' |
The acquisition-date fair value of the equity interest immediately before the acquisition date | ' | 3,543 | ' |
Equity interest immediately before the acquisition date on a cost basis | ' | -2,200 | 2,200 |
Gain as a result of remeasuring the fair value of the equity interest | $1,343 | $1,343 | ' |
Note_1_General_Details_BoneTon
Note 1 - General (Details) - BoneTone Acquisition Assets Acquired and Liabilities Assumed (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 02, 2011 |
In Thousands, unless otherwise specified | |||
Business Acquisition [Line Items] | ' | ' | ' |
Cash | ' | ' | $267 |
Other current assets | ' | ' | 32 |
Property and equipment | ' | ' | 26 |
Other non-current assets | ' | ' | 68 |
Current liabilities | ' | ' | -107 |
Long-term deferred tax liability, net | ' | ' | -1,569 |
Accrued severance pay | ' | ' | -73 |
Net liabilities assumed | ' | ' | -1,356 |
Intangible assets: | ' | ' | ' |
Total intangible assets | ' | ' | 8,221 |
Goodwill - | 5,276 | 5,276 | 5,276 |
Net assets acquired | ' | ' | 12,141 |
In Process Research and Development [Member] | ' | ' | ' |
Intangible assets: | ' | ' | ' |
Intangible assets | ' | ' | 7,702 |
Noncompete Agreements [Member] | ' | ' | ' |
Intangible assets: | ' | ' | ' |
Intangible assets | ' | ' | $519 |
Note_2_Significant_Accounting_2
Note 2 - Significant Accounting Policies (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Note 2 - Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | ' | ' | ' | ($193,000) | ($181,000) | ' | ' |
Inventory, Net | ' | ' | ' | 12,334,000 | 12,916,000 | ' | ' |
Inventory Valuation Reserves | ' | ' | ' | 591,000 | 1,466,000 | ' | ' |
Impairment of Long-Lived Assets Held-for-use | ' | ' | ' | 0 | 0 | 0 | ' |
Capitalized Computer Software, Additions | ' | ' | ' | ' | 22,000 | 253,000 | 34,000 |
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' | ' | ' | ' | ' | ' | ' |
Goodwill and other intangible assets: | |||||||
The goodwill and certain other purchased intangible assets have been recorded as a result of the BoneTone Acquisition and the CIPT Acquisition. Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill is not amortized, but rather is subject to an annual impairment test. The Company performs an annual impairment test during the fourth quarter of each fiscal year, or more frequently if impairment indicators are present. | |||||||
For goodwill, the Company may first assess qualitative factors , in accordance with ASU 2011-08, to determine whether the existence of events or circumstances leads to a determination that it is “more likely than not” that the fair value of the reporting unit is less than its carrying amount and whether the two-step impairment test on goodwill is required. If based upon qualitative factors it is “more likely than not” that the fair value of a reporting unit is greater than its carrying amount, it will not be required to proceed to a two-step impairment test on goodwill. However, the Company also has the option to proceed directly to a two-step impairment test on goodwill. In the first step of the two-step impairment test, the Company compares the fair value of each reporting unit to its carrying value. If the fair value exceeds the carrying value of the net assets, goodwill is considered not impaired and the Company is not required to perform further testing. If the carrying value of the net assets exceeds the fair value, then the Company must perform the second step of the two-step impairment test in order to determine the implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, then the Company would record an impairment loss equal to the difference. | |||||||
The Company's reporting units are consistent with the reportable segments identified in Note 16. | |||||||
Fair value is determined using discounted cash flows, market multiples and market capitalization. Significant estimates used in the methodologies include estimates of future cash-flows, future short-term and long-term growth rates, weighted average cost of capital and market multiples for the reporting unit. | |||||||
For the fiscal year ended December 31, 2013, the Company performed a quantitative assessment on its goodwill. | |||||||
Intangible assets that are not considered to have an indefinite useful life are amortized using the straight-line basis over their estimated useful lives, which range from 3 to 7.3 years. The carrying amount of these assets is reviewed whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Recoverability of these assets is measured by comparison of the carrying amount of the asset to the future undiscounted cash flows the asset is expected to generate. | |||||||
If the asset is considered to be impaired, the amount of any impairment is measured as the difference between the carrying value and the fair value of the impaired asset. | |||||||
During 2013, 2012 and 2011, no impairment losses were identified. | |||||||
Goodwill, Impairment Loss | ' | ' | ' | 0 | 0 | 0 | ' |
Severance Costs | 1,315,000 | 693,000 | 419,000 | 1,494,000 | 1,660,000 | 2,089,000 | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | ' | ' | ' | 75.00% | ' | ' | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount | ' | ' | ' | 17,000 | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | ' | ' | ' | 50.00% | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | ' | ' | ' | 6.00% | ' | ' | ' |
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage | ' | ' | ' | 25.00% | ' | ' | ' |
Period Of Matching Contributions To Vest | ' | ' | ' | '4 years | ' | ' | ' |
Defined Contribution Plan, Employer Discretionary Contribution Amount | ' | ' | ' | 23,000 | 28,000 | 56,000 | ' |
Product Warranty Term | ' | ' | ' | '1 year | ' | ' | ' |
Number Of Equity Incentive Plans | ' | ' | ' | 3 | ' | ' | ' |
Expired Equity Incentive Plans | ' | ' | ' | 2 | ' | ' | ' |
Number Of Employee Stock Purchase Plan | ' | ' | ' | 1 | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) | ' | ' | ' | 2,730,867 | 7,584,336 | 7,980,475 | ' |
Marketable Securities Amortized Cost | ' | ' | ' | 101,537,000 | ' | ' | ' |
Marketable Securities Fair Value | ' | ' | ' | 101,146,000 | ' | ' | ' |
Marketable Securities, Unrealized Gain (Loss) | ' | ' | ' | 391,000 | 31,546,000 | ' | ' |
Allowance for Doubtful Accounts Receivable | ' | ' | ' | 0 | 0 | ' | ' |
Derivative Instrument Outstanding Forward Contracts | ' | ' | ' | 0 | ' | ' | ' |
Derivative Instrument Outstanding Option Contracts | ' | ' | ' | 15,800,000 | ' | ' | ' |
Employees Aged Over 50 [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 2 - Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount | ' | ' | ' | 22,500 | ' | ' | ' |
Royalty Bearing Grants [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 2 - Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Financial Grants In Support Of Research And Development | ' | ' | ' | 2,116,000 | ' | ' | ' |
Non Royalty Bearing Grants [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 2 - Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Financial Grants In Support Of Research And Development | ' | ' | ' | ' | $386,000 | ' | ' |
Computer Software, Intangible Asset [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 2 - Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | '3 years | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 2 - Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | '3 years | ' | ' | ' |
Hedged Instruments Maturity | ' | ' | ' | '1 month | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 2 - Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | '7 years 109 days | ' | ' | ' |
Hedged Instruments Maturity | ' | ' | ' | '12 months | ' | ' | ' |
Note_2_Significant_Accounting_3
Note 2 - Significant Accounting Policies (Details) - Property and Equipment Depreciation Rates | 12 Months Ended |
Dec. 31, 2013 | |
Computer Equipment [Member] | Minimum [Member] | ' |
Note 2 - Significant Accounting Policies (Details) - Property and Equipment Depreciation Rates [Line Items] | ' |
Property and equipment, annual depreciation rates | 20.00% |
Computer Equipment [Member] | Maximum [Member] | ' |
Note 2 - Significant Accounting Policies (Details) - Property and Equipment Depreciation Rates [Line Items] | ' |
Property and equipment, annual depreciation rates | 33.00% |
Office Furniture and Equipment [Member] | Minimum [Member] | ' |
Note 2 - Significant Accounting Policies (Details) - Property and Equipment Depreciation Rates [Line Items] | ' |
Property and equipment, annual depreciation rates | 6.00% |
Office Furniture and Equipment [Member] | Maximum [Member] | ' |
Note 2 - Significant Accounting Policies (Details) - Property and Equipment Depreciation Rates [Line Items] | ' |
Property and equipment, annual depreciation rates | 15.00% |
Leasehold Improvements [Member] | ' |
Note 2 - Significant Accounting Policies (Details) - Property and Equipment Depreciation Rates [Line Items] | ' |
Leasehold improvements | 'Over the shorter of the related lease period or the life of the asset |
Note_2_Significant_Accounting_4
Note 2 - Significant Accounting Policies (Details) - Fair Value of Outstanding Derivative Instruments (USD $) | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |
Prepaid Expenses and Other Current Assets [Member] | ' |
Derivatives, Fair Value [Line Items] | ' |
Derivative instruments at fair value | $484 |
Accounts Payable and Accrued Liabilities [Member] | ' |
Derivatives, Fair Value [Line Items] | ' |
Derivative instruments at fair value | $484 |
Note_2_Significant_Accounting_5
Note 2 - Significant Accounting Policies (Details) - Effect of Derivative Instruments in Cash Flow Hedging Transactions on Income and Other Comprehensive Income (Foreign Exchange Contract [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Foreign Exchange Contract [Member] | ' | ' | ' |
Note 2 - Significant Accounting Policies (Details) - Effect of Derivative Instruments in Cash Flow Hedging Transactions on Income and Other Comprehensive Income [Line Items] | ' | ' | ' |
Foreign exchange forward contracts and put and call options | $372 | $635 | ($325) |
Note_2_Significant_Accounting_6
Note 2 - Significant Accounting Policies (Details) - Gains (Losses) on Derivatives Reclassified from OCI to Income (Operating Expense [Member], Foreign Exchange Contract [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Expense [Member] | Foreign Exchange Contract [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Foreign exchange forward contracts and put and call options | $856 | ($325) | $625 |
Note_2_Significant_Accounting_7
Note 2 - Significant Accounting Policies (Details) - Accumulated Other Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance | $988 | ' | ' |
Other comprehensive income (loss) before reclassifications | 45 | ' | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | -1,854 | ' | ' |
Net current period other comprehensive income (loss) | -1,809 | 2,744 | -2,111 |
Ending balance | -821 | 988 | ' |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance | 922 | ' | ' |
Other comprehensive income (loss) before reclassifications | -304 | ' | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | -1,009 | ' | ' |
Net current period other comprehensive income (loss) | -1,313 | ' | ' |
Ending balance | -391 | ' | ' |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance | 484 | ' | ' |
Other comprehensive income (loss) before reclassifications | 372 | ' | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | -856 | ' | ' |
Net current period other comprehensive income (loss) | -484 | ' | ' |
Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance | -237 | ' | ' |
Other comprehensive income (loss) before reclassifications | -11 | ' | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 11 | ' | ' |
Ending balance | -237 | ' | ' |
Accumulated Translation Adjustment [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance | -181 | ' | ' |
Other comprehensive income (loss) before reclassifications | -12 | ' | ' |
Net current period other comprehensive income (loss) | -12 | ' | ' |
Ending balance | ($193) | ' | ' |
Note_2_Significant_Accounting_8
Note 2 - Significant Accounting Policies (Details) - Reclassifications Out of Accumulated Other Comprehensive Income (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |||
Gains on available-for-sale marketable securities | $2,457 | $2,388 | $1,885 | |||
Net income (loss) | 2,676 | -8,042 | -16,242 | |||
Research and Development | 35,000 | [1] | 42,539 | [1] | 53,244 | [1] |
Sales and Marketing | 11,273 | [2] | 14,237 | [2] | 16,497 | [2] |
11,812 | [3] | 10,638 | [3] | 12,920 | [3] | |
Total, before Income Taxes | 2,526 | -8,214 | -17,108 | |||
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |||
Gains on available-for-sale marketable securities | -1,009,000 | ' | ' | |||
Net income (loss) | -1,009,000 | ' | ' | |||
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |||
Net income (loss) | -856,000 | ' | ' | |||
Research and Development | -672,000 | ' | ' | |||
Sales and Marketing | -66,000 | ' | ' | |||
-118,000 | ' | ' | ||||
Total, before Income Taxes | -856,000 | ' | ' | |||
Accumulated Defined Benefit Plans Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |||
Net income (loss) | 11,000 | ' | ' | |||
Research and Development | 6,000 | ' | ' | |||
Sales and Marketing | 5,000 | ' | ' | |||
Total, before Income Taxes | 11,000 | ' | ' | |||
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |||
Net income (loss) | ($1,854,000) | ' | ' | |||
[1] | Includes equity-based compensation expense in the amount of $1,873, $2,425 and $2,767 for the years ended December 31,2013, 2012 and 2011, respectively. | |||||
[2] | Includes equity-based compensation expense in the amount of $478, $778 and $987 for the years ended December 31, 2013,2012 and 2011, respectively. | |||||
[3] | Includes equity-based compensation expense in the amount of $1,555, $1,450 and $2,063 for the years ended December 31,2013, 2012 and 2011, respectively. |
Note_3_Marketable_Securities_a2
Note 3 - Marketable Securities and Time Deposits (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 3 - Marketable Securities and Time Deposits (Details) [Line Items] | ' | ' | ' |
Marketable Securities, Unrealized Gain (Loss) | $391 | $31,546 | ' |
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments | -576 | -136 | ' |
Proceeds From Maturity Of Marketable Securities | 18,325 | 25,911 | 68,072 |
Proceeds From Sales Of Marketable Securities | 42,949 | 39,063 | 11,910 |
Available-for-sale Securities, Gross Realized Gains | 1,013 | 708 | 181 |
Available-for-sale Securities, Gross Realized Losses | 4 | 38 | 26 |
Outstanding More than 12 Months [Member] | ' | ' | ' |
Note 3 - Marketable Securities and Time Deposits (Details) [Line Items] | ' | ' | ' |
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments | 145 | -13 | ' |
Outstanding Less Than 12 Months [Member] | ' | ' | ' |
Note 3 - Marketable Securities and Time Deposits (Details) [Line Items] | ' | ' | ' |
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments | 431 | -123 | ' |
Marketable Security [Member] | ' | ' | ' |
Note 3 - Marketable Securities and Time Deposits (Details) [Line Items] | ' | ' | ' |
Marketable Securities, Unrealized Gain (Loss) | $46,943 | ' | ' |
Note_3_Marketable_Securities_a3
Note 3 - Marketable Securities and Time Deposits (Details) - Summary of Available-for-Sale Securities and Short-term Deposits (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | $104,448 | $97,612 |
Unrealized gains (losses), net | -391 | 922 |
Estimated fair value | 104,057 | 98,534 |
Short-term Deposits [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 2,911 | 2,708 |
Estimated fair value | 2,911 | 2,708 |
U.S.GSE Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 3,093 | 1,506 |
Unrealized gains (losses), net | -11 | 4 |
Estimated fair value | 3,082 | 1,510 |
Corporate Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 98,444 | 93,398 |
Unrealized gains (losses), net | -380 | 918 |
Estimated fair value | $98,064 | $94,316 |
Note_3_Marketable_Securities_a4
Note 3 - Marketable Securities and Time Deposits (Details) - Amortized Cost of Short-Term Deposits and Available-For-Sale Debt Securities by Contractual Maturities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 3 - Marketable Securities and Time Deposits (Details) - Amortized Cost of Short-Term Deposits and Available-For-Sale Debt Securities by Contractual Maturities [Line Items] | ' | ' |
Amortized cost | $104,448 | $97,612 |
Unrealized losses | -576 | -136 |
Estimated fair value | 104,057 | 98,534 |
Due in One Year or Less [Member] | Debt Securities [Member] | ' | ' |
Note 3 - Marketable Securities and Time Deposits (Details) - Amortized Cost of Short-Term Deposits and Available-For-Sale Debt Securities by Contractual Maturities [Line Items] | ' | ' |
Amortized cost | 10,961 | 17,454 |
Unrealized gains | 23 | 40 |
Unrealized losses | ' | -1 |
Estimated fair value | 10,984 | 17,493 |
Due after One Year to Five Years [Member] | Debt Securities [Member] | ' | ' |
Note 3 - Marketable Securities and Time Deposits (Details) - Amortized Cost of Short-Term Deposits and Available-For-Sale Debt Securities by Contractual Maturities [Line Items] | ' | ' |
Amortized cost | 90,576 | ' |
Unrealized gains | 162 | ' |
Unrealized losses | -576 | ' |
Estimated fair value | 90,162 | ' |
Due after one year to six years [Member] | Debt Securities [Member] | ' | ' |
Note 3 - Marketable Securities and Time Deposits (Details) - Amortized Cost of Short-Term Deposits and Available-For-Sale Debt Securities by Contractual Maturities [Line Items] | ' | ' |
Amortized cost | ' | 77,450 |
Unrealized gains | ' | 1,018 |
Unrealized losses | ' | -135 |
Estimated fair value | ' | 78,333 |
Debt Securities [Member] | ' | ' |
Note 3 - Marketable Securities and Time Deposits (Details) - Amortized Cost of Short-Term Deposits and Available-For-Sale Debt Securities by Contractual Maturities [Line Items] | ' | ' |
Amortized cost | 101,537 | 94,904 |
Unrealized gains | 185 | 1,058 |
Unrealized losses | -576 | -136 |
Estimated fair value | $101,146 | $95,826 |
Note_4_Other_Accounts_Receivab2
Note 4 - Other Accounts Receivable and Prepaid Expenses (Details) - Other Accounts Receivable and Prepaid Expenses (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other Accounts Receivable and Prepaid Expenses [Abstract] | ' | ' |
Tax and governmental receivables | $652 | $508 |
Prepaid expenses | 1,706 | 2,651 |
Deposits | 201 | 419 |
Deferred income taxes | 92 | 101 |
Others | 82 | 78 |
$2,733 | $3,757 |
Note_5_Inventories_Details
Note 5 - Inventories (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Inventory Disclosure [Abstract] | ' | ' | ' |
Other Inventory, Materials, Supplies and Merchandise under Consignment, Gross | $298 | $390 | ' |
Inventory Write-down | $261,000 | $29,000 | $759,000 |
Note_5_Inventories_Details_Com
Note 5 - Inventories (Details) - Components of Inventories (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Components of Inventories [Abstract] | ' | ' | ||
Work-in-progress | $5,412 | $6,821 | ||
Finished products (*) | 6,922 | [1] | 6,095 | [1] |
$12,334 | $12,916 | |||
[1] | Included $298 and $390 inventory consigned to others as of December 31, 2013 and 2012, respectively. |
Note_6_Property_and_Equipment_1
Note 6 - Property and Equipment (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 6 - Property and Equipment (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Disposals | ' | $4,503 | ' |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | 44,028 | 42,011 | ' |
Gain (Loss) on Disposition of Assets | ' | -10 | ' |
Depreciation, Depletion and Amortization, Nonproduction | 1,994 | 3,168 | 4,244 |
Disposal of Assets [Member] | ' | ' | ' |
Note 6 - Property and Equipment (Details) [Line Items] | ' | ' | ' |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | ' | $4,493 | ' |
Note_6_Property_and_Equipment_2
Note 6 - Property and Equipment (Details) - Property and Equipment by Major Classification (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $46,865 | $45,717 |
Less - accumulated depreciation | 44,028 | 42,011 |
Depreciated cost | 2,837 | 3,706 |
Computer Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 40,624 | 39,647 |
Office Furniture and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 1,590 | 1,574 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $4,651 | $4,496 |
Note_7_Intangible_Asset_Net_De
Note 7 - Intangible Asset, Net (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2008 |
Disclosure Text Block [Abstract] | ' | ' | ' | ' |
Amortization of Intangible Assets | $1,672 | $2,310 | $7,972 | ' |
Impairment of Intangible Assets (Excluding Goodwill) | ' | ' | ' | $39,084 |
Note_7_Intangible_Asset_Net_De1
Note 7 - Intangible Asset, Net (Details) - Intangible Assets (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 7 - Intangible Asset, Net (Details) - Intangible Assets [Line Items] | ' | ' |
Intangible assets | $108,778 | $108,778 |
Intangible assets, accumulated amortization | 63,181 | 61,511 |
Intangible assets, impairment | 38,887 | 38,887 |
Amortized cost | 6,710 | 8,380 |
Technology-Based Intangible Assets [Member] | ' | ' |
Note 7 - Intangible Asset, Net (Details) - Intangible Assets [Line Items] | ' | ' |
Intangible assets | 77,080 | 77,080 |
Intangible assets, accumulated amortization | 48,263 | 48,263 |
Intangible assets, impairment | 28,817 | 28,817 |
Customer Relationships [Member] | ' | ' |
Note 7 - Intangible Asset, Net (Details) - Intangible Assets [Line Items] | ' | ' |
Finite-lived intangible asset, useful life | '7 years 109 days | ' |
Intangible assets | 23,477 | 23,477 |
Intangible assets, accumulated amortization | 13,274 | 13,060 |
In Process Research and Development [Member] | ' | ' |
Note 7 - Intangible Asset, Net (Details) - Intangible Assets [Line Items] | ' | ' |
Finite-lived intangible asset, useful life | '6 years | ' |
Intangible assets | 7,702 | 7,702 |
Intangible assets, accumulated amortization | 1,284 | ' |
Noncompete Agreements [Member] | ' | ' |
Note 7 - Intangible Asset, Net (Details) - Intangible Assets [Line Items] | ' | ' |
Finite-lived intangible asset, useful life | '3 years | ' |
Intangible assets | 519 | 519 |
Intangible assets, accumulated amortization | 360 | 188 |
Intangible assets, impairment | $10,070 | $10,070 |
Minimum [Member] | Technology-Based Intangible Assets [Member] | ' | ' |
Note 7 - Intangible Asset, Net (Details) - Intangible Assets [Line Items] | ' | ' |
Finite-lived intangible asset, useful life | '4 years 73 days | ' |
Minimum [Member] | ' | ' |
Note 7 - Intangible Asset, Net (Details) - Intangible Assets [Line Items] | ' | ' |
Finite-lived intangible asset, useful life | '3 years | ' |
Maximum [Member] | Technology-Based Intangible Assets [Member] | ' | ' |
Note 7 - Intangible Asset, Net (Details) - Intangible Assets [Line Items] | ' | ' |
Finite-lived intangible asset, useful life | '5 years 109 days | ' |
Maximum [Member] | ' | ' |
Note 7 - Intangible Asset, Net (Details) - Intangible Assets [Line Items] | ' | ' |
Finite-lived intangible asset, useful life | '7 years 109 days | ' |
Note_7_Intangible_Asset_Net_De2
Note 7 - Intangible Asset, Net (Details) - Estimated Amortization Expenses (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Estimated Amortization Expenses [Abstract] | ' | ' |
2014 | $1,574 | ' |
2015 | 1,284 | ' |
2016 | 1,284 | ' |
2017 | 1,284 | ' |
2018 | 1,284 | ' |
$6,710 | $8,380 |
Note_8_Fair_Value_Measurements2
Note 8 - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liability on Recurring Basis (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Long-term marketable securities | ' | ' |
Derivative assets | ' | $484 |
Bank Time Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Cash equivalents | ' | ' |
Cash equivalents | 913 | 1,668 |
Short-term marketable securities and time deposits | ' | ' |
Short-term marketable securities and time deposits | 2,911 | 2,708 |
Bank Time Deposits [Member] | ' | ' |
Cash equivalents | ' | ' |
Cash equivalents | 913 | 1,668 |
Short-term marketable securities and time deposits | ' | ' |
Short-term marketable securities and time deposits | 2,911 | 2,708 |
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Cash equivalents | ' | ' |
Cash equivalents | 3,762 | 3,548 |
Money Market Funds [Member] | ' | ' |
Cash equivalents | ' | ' |
Cash equivalents | 3,762 | 3,548 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Short-term marketable securities and time deposits | ' | ' |
Short-term marketable securities and time deposits | 251 | ' |
Long-term marketable securities | ' | ' |
Long-term marketable securities | 2,831 | 1,510 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Short-term marketable securities and time deposits | ' | ' |
Short-term marketable securities and time deposits | 251 | ' |
Long-term marketable securities | ' | ' |
Long-term marketable securities | 2,831 | 1,510 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Short-term marketable securities and time deposits | ' | ' |
Short-term marketable securities and time deposits | 10,733 | 17,493 |
Long-term marketable securities | ' | ' |
Long-term marketable securities | 87,331 | 76,823 |
Corporate Debt Securities [Member] | ' | ' |
Short-term marketable securities and time deposits | ' | ' |
Short-term marketable securities and time deposits | 10,733 | 17,493 |
Long-term marketable securities | ' | ' |
Long-term marketable securities | 87,331 | 76,823 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Long-term marketable securities | ' | ' |
Derivative assets | ' | $484 |
Note_9_Investment_in_Other_Com1
Note 9 - Investment in Other Company (Details) (USD $) | 12 Months Ended | 1 Months Ended |
Dec. 31, 2013 | Oct. 24, 2013 | |
Asian Private Company [Member] | ||
Note 9 - Investment in Other Company (Details) [Line Items] | ' | ' |
Payments to Acquire Investments | $2,200,000 | $2,200 |
Cost Method Investment, Ownership Percentage | ' | 14.00% |
Note_10_Accrued_Expenses_and_O2
Note 10 - Accrued Expenses and Other Accounts Payable (Details) - Accrued Expenses and Other Accounts Payable (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Expenses and Other Accounts Payable [Abstract] | ' | ' |
Accrued expenses | $3,324 | $4,225 |
Legal, accounting and investors relation accrual | 779 | 710 |
Royalties and commission | 640 | 387 |
Others | 789 | 1,192 |
$5,532 | $6,514 |
Note_11_Pension_Liability_Deta
Note 11 - Pension Liability (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Compensation and Retirement Disclosure [Abstract] | ' | ' | ' |
Defined Benefit Plan Corridor Percentage | 10.00% | ' | ' |
Defined Benefit Plan Actuarial Net Gains Losses Recognized | $11 | $160 | $1 |
Note_11_Pension_Liability_Deta1
Note 11 - Pension Liability (Details) - Reconciliation of Changes in Pension Plans' Benefit Obligation and Fair Value of Assets (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reconciliation of Changes in Pension Plans' Benefit Obligation and Fair Value of Assets [Abstract] | ' | ' | ' |
Accumulated benefit obligation | $1,227 | $1,321 | ' |
Change in benefit obligation | ' | ' | ' |
Benefit obligation at beginning of year | 1,334 | 1,208 | ' |
Service cost | 5 | 61 | 153 |
Interest cost | 35 | 47 | 62 |
Benefits paid from the plan | -181 | -172 | ' |
Actuarial loss | 1 | 165 | ' |
Exchange rates and others | 45 | 25 | ' |
Benefit obligation at end of year | 1,239 | 1,334 | 1,208 |
Change in plan assets | ' | ' | ' |
Fair value of plan assets at beginning of year | 364 | 416 | ' |
Actual return on plan assets | 6 | 12 | ' |
Employer contributions to plan | ' | 28 | ' |
Benefits paid from the plan | -123 | -100 | ' |
Exchange rates | 11 | 8 | ' |
Fair value of plan assets at end of year | $258 | $364 | $416 |
Note_11_Pension_Liability_Deta2
Note 11 - Pension Liability (Details) - Assumptions Used in Measurement of Pension Expense and Benefit Obligation | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Weighted-average assumptions | ' | ' | ' |
Discount rate | 3.50% | 3.60% | 5.40% |
Expected return on plan assets | 2.88% | 2.88% | 1.54% |
Rate of compensation increase | 2.50% | 2.50% | 2.50% |
Note_11_Pension_Liability_Deta3
Note 11 - Pension Liability (Details) - Components of Net Periodic Benefit Cost (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Components of net periodic benefit cost | ' | ' | ' | |||
Service cost | $5 | $61 | $153 | |||
Interest cost | 35 | 47 | 62 | |||
Expected return on plan assets | -6 | -12 | -28 | |||
Amortization of net loss | 11 | 2 | 39 | |||
Curtailment gain (1) | ' | [1] | ' | [1] | -660 | [1] |
Net periodic benefit cost | $45 | $98 | ($434) | |||
[1] | The curtailment gain is derived from the closure of the Company's Swiss facilities and the termination of employment of the employees of the Company's Swiss subsidiary, which resulted in a curtailment and settlement of the Swiss pension plan. |
Note_11_Pension_Liability_Deta4
Note 11 - Pension Liability (Details) - Net Amounts Recognized in Consolidated Balance Sheets and Accumulated Other Comprehensive Income (Loss) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Net Amounts Recognized in Consolidated Balance Sheets and Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | ' |
Current liabilities | $0 | $0 |
Noncurrent liabilities | 981 | 970 |
Net amounts recognized in the consolidated balance sheets | 981 | 970 |
Net actuarial loss | -237 | -237 |
Other | 0 | 0 |
Net amounts recognized in accumulated other comprehensive loss | ($237) | ($237) |
Note_11_Pension_Liability_Deta5
Note 11 - Pension Liability (Details) - Estimated Amount That will Amortized from Accumulated Other Comprehensive Income (Loss) into Net Periodic Benefit Cost (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
Estimated Amount That will Amortized from Accumulated Other Comprehensive Income (Loss) into Net Periodic Benefit Cost [Abstract] | ' |
Net actuarial loss and other | $11 |
Note_11_Pension_Liability_Deta6
Note 11 - Pension Liability (Details) - Expected Benefit Payments (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Expected Benefit Payments [Abstract] | ' |
2014 | $159 |
2015 | 117 |
2016 | 68 |
2017 | 25 |
2018 | 10 |
2019-2023 | $95 |
Note_11_Pension_Liability_Deta7
Note 11 - Pension Liability (Details) - Plan Asset Allocations | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 11 - Pension Liability (Details) - Plan Asset Allocations [Line Items] | ' | ' |
Plan asset allocation | 100.00% | 100.00% |
Bonds [Member] | ' | ' |
Note 11 - Pension Liability (Details) - Plan Asset Allocations [Line Items] | ' | ' |
Plan asset allocation | 0.00% | 0.00% |
Real Estate [Member] | ' | ' |
Note 11 - Pension Liability (Details) - Plan Asset Allocations [Line Items] | ' | ' |
Plan asset allocation | 0.00% | 0.00% |
Cash [Member] | ' | ' |
Note 11 - Pension Liability (Details) - Plan Asset Allocations [Line Items] | ' | ' |
Plan asset allocation | 0.00% | 0.00% |
Equity Securities [Member] | ' | ' |
Note 11 - Pension Liability (Details) - Plan Asset Allocations [Line Items] | ' | ' |
Plan asset allocation | 0.00% | 0.00% |
Other [Member] | ' | ' |
Note 11 - Pension Liability (Details) - Plan Asset Allocations [Line Items] | ' | ' |
Plan asset allocation | 100.00% | 100.00% |
Note_11_Pension_Liability_Deta8
Note 11 - Pension Liability (Details) - Fair Value of Pension Plan Assets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Note 11 - Pension Liability (Details) - Fair Value of Pension Plan Assets [Line Items] | ' | ' | ' |
Fair value of pension plan assets | $258 | $364 | $416 |
Other [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Note 11 - Pension Liability (Details) - Fair Value of Pension Plan Assets [Line Items] | ' | ' | ' |
Fair value of pension plan assets | 258 | ' | ' |
Other [Member] | ' | ' | ' |
Note 11 - Pension Liability (Details) - Fair Value of Pension Plan Assets [Line Items] | ' | ' | ' |
Fair value of pension plan assets | 258 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Note 11 - Pension Liability (Details) - Fair Value of Pension Plan Assets [Line Items] | ' | ' | ' |
Fair value of pension plan assets | $258 | ' | ' |
Note_12_Financial_Income_Net_D
Note 12 - Financial Income, Net (Details) - Components of Financial Income Net (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Components of Financial Income Net [Abstract] | ' | ' | ' |
Foreign exchange gains | ' | $120 | $60 |
Interest income from marketable securities and deposits, net of amortization of premium on marketable securities | 1,656 | 1,859 | 2,014 |
Realized gains on marketable securities | 1,013 | 708 | 181 |
Other | 13 | 1 | 7 |
Financial income | 2,682 | 2,688 | 2,262 |
Realized losses on marketable securities | 4 | 38 | 26 |
Foreign exchange losses | 86 | 88 | 95 |
Interest expenses | 29 | 35 | 42 |
Other | 106 | 139 | 214 |
Financial expense | 225 | 300 | 377 |
Financial income, net | $2,457 | $2,388 | $1,885 |
Note_13_Stockholders_Equity_De
Note 13 - Stockholders' Equity (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Nov. 30, 2013 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 31, 2012 | Jan. 31, 2011 | Jan. 31, 2010 | Jan. 31, 2009 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | ||||||
First Anniversary [Member] | Each Quarter After First Anniversary [Member] | In the Money [Member] | Restricted Stock Units (RSUs) [Member] | Stock Appreciation Rights (SARs) [Member] | Stock Appreciation Rights (SARs) [Member] | Stock Appreciation Rights (SARs) [Member] | Stock Appreciation Rights (SARs) [Member] | Stock Appreciation Rights (SARs) [Member] | Stock Appreciation Rights (SARs) [Member] | Stock Appreciation Rights (SARs) [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | 1993 Director Stock Option Plan [Member] | 1993 Director Stock Option Plan [Member] | 1993 Director Stock Option Plan [Member] | 1993 Director Stock Option Plan [Member] | 1998 Non-Officer Employee Stock Option Plan [Member] | 2001 Stock Incentive Plan [Member] | 2003 Israeli Share Option Plan [Member] | 2012 Equity Incentive Plan [Member] | 1993 Employee Stock Purchase Plan (ESPP) [Member] | 1993 Employee Stock Purchase Plan (ESPP) [Member] | 1993 Employee Stock Purchase Plan (ESPP) [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | ||||||||||||
Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Stock Appreciation Rights (SARs) [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | First Option [Member] | Subsequent Option [Member] | Committee Option [Member] | 1993 Employee Stock Purchase Plan (ESPP) [Member] | 1993 Employee Stock Purchase Plan (ESPP) [Member] | |||||||||||||||||||||||||||||||
Note 13 - Stockholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Common Stock, Shares Authorized | 50,000,000 | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Retained Earnings (Accumulated Deficit) (in Dollars) | ($83,535) | ($79,394) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
StockRepurchaseProgram Number Of Additional Shares Authorized To Be Repurchased | ' | ' | ' | 2,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 2,618,000 | ' | ' | 308,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Treasury Stock, Shares, Acquired | 390,000 | 1,283,000 | 1,298,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -390,000 | -1,283,000 | -1,298,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Treasury Stock Acquired, Average Cost Per Share (in Dollars per share) | $8.95 | $6.28 | $6.74 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Treasury Stock, Value, Acquired, Cost Method (in Dollars) | 3,490 | 8,060 | 8,749 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 1,066,000 | 455,000 | 547,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Exercise Price Based On Percentage Of Fair Market Value Of Common Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | 85.00% | ' | ' | ' | 100.00% | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '48 months | '48 months | '48 months | '48 months | ' | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | ' | ' | ' | ' | ' | 25.00% | 6.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 7,557,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,980,875 | 5,062,881 | ' | ' | 1,450,000 | 714,000 | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 524,000 | 310,000 | 250,000 | ' | ' | ' | ' | ' | 552,000 | ' | [1] | 1,100,000 | [1] | 1,013,000 | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30,000 | 15,000 | 15,000 | ' | ' | 2,194,847 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | |||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | '7 years | '7 years | '7 years | '7 years | ' | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 738,011 | 182,536 | ' | ' | 922,500 | ' | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 6,537,000 | [2] | 9,622,000 | [2] | 10,564,000 | [2] | ' | 11,305,000 | ' | ' | ' | 520,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Common Stock Shares Granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,700,543 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Common Stock, Shares, Outstanding | 22,349,780 | 21,673,779 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,433,819 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Employee Stock Purchase Plan Espp Shares Reserved For Future Purchase | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,800,000 | ' | ' | ' | ' | ' | ' | ||||||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 374,000 | 446,000 | 423,000 | ' | ' | ' | ' | ||||||
Employee Stock Ownership Plan (ESOP), Weighted Average Purchase Price of Shares Purchased (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4.44 | $4.42 | $4.81 | ' | ' | ' | ' | ||||||
Deferred Compensation Arrangement with Individual, Common Stock Reserved for Future Issuance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 714,000 | ' | ' | ' | ' | ' | ' | ||||||
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant As Percentage Of Company S Outstanding Common Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 66.67% | 75.00% | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares To Be Issued Upon Exercise Of Outstanding Awards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,631,000 | ||||||
Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Exercisable Number | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,056,000 | ||||||
Share Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9.71 | $5.76 | $5.21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | ' | ' | ' | ' | ' | ' | ' | 2,730,546 | ' | 4,466,306 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $6.17 | ' | ' | ' | ' | ' | ' | ' | $2.39 | $3.26 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Share Based Compensation Arrangement By Share Based Payment Award Weighted Average Pre Vest Cancel Rate | ' | ' | ' | ' | ' | ' | ' | ' | 3.84% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4.90 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | '4 years 240 days | '4 years 69 days | '4 years 51 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 months | ' | '24 months | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum | ' | 35.79% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36.37% | ' | 28.37% | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum | ' | 42.02% | 61.02% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44.19% | ' | ' | ' | ' | ' | ' | ||||||
Allocated Share-based Compensation Expense (in Dollars) | 4,159 | 4,983 | 6,220 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Common Stock Available For Grant Under Employee Stock Purchase Plan | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | 4,307 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | $3,338 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
[1] | SAR grants made prior to January 1, 2009 are convertible for a maximum number of shares of the Company's common stock equal to 50% of the SAR units subject to the grant. SAR grants made on or after January 1, 2009 and before January 1, 2010 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. SAR grants made on or after January 1, 2010 are convertible for a maximum number of shares of the Company's common stock equal to 66.67% of the SAR units subject to the grant. SAR grants made on or after January 1, 2012 are convertible for a maximum number of shares of the Company's common stock equal to 50% of the SAR units subject to the grant. | |||||||||||||||||||||||||||||||||||||||||
[2] | Due to the ceiling imposed on the SAR grants, the outstanding amount above can be exercised for a maximum of 4,631,000 shares of the Company's common stock as of December 31, 2013. |
Note_13_Stockholders_Equity_De1
Note 13 - Stockholders' Equity (Details) - Number of Outstanding Shares of Common Stock Available for Future Issuance | Dec. 31, 2013 |
Note 13 - Stockholders' Equity (Details) - Number of Outstanding Shares of Common Stock Available for Future Issuance [Line Items] | ' |
Shares reserved for issuance under option plan | 7,557,000 |
Equity Awards [Member] | ' |
Note 13 - Stockholders' Equity (Details) - Number of Outstanding Shares of Common Stock Available for Future Issuance [Line Items] | ' |
Shares reserved for issuance under option plan | 1,843,000 |
Preferred Stock [Member] | ' |
Note 13 - Stockholders' Equity (Details) - Number of Outstanding Shares of Common Stock Available for Future Issuance [Line Items] | ' |
Shares reserved for issuance under option plan | 5,000,000 |
1993 Employee Stock Purchase Plan (ESPP) [Member] | ' |
Note 13 - Stockholders' Equity (Details) - Number of Outstanding Shares of Common Stock Available for Future Issuance [Line Items] | ' |
Shares reserved for issuance under option plan | 714,000 |
Note_13_Stockholders_Equity_De2
Note 13 - Stockholders' Equity (Details) - Activities Relating to Stock Options and Stock Appreciation Rights Granted (USD $) | 12 Months Ended | |||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Note 13 - Stockholders' Equity (Details) - Activities Relating to Stock Options and Stock Appreciation Rights Granted [Line Items] | ' | ' | ' | |||
Outstanding (in Shares) | 9,622,000 | [1] | 10,564,000 | [1] | 11,305,000 | |
Outstanding, weighted average exercise price | $10.72 | [1] | $12.22 | [1] | $12.94 | |
Outstanding, Aggregate Intrinsic Value (in Dollars) | $98 | [1],[2] | ' | [1],[2] | ' | [2] |
Options/SARs/RSUs exercisable at end of year (3) (in Shares) | 4,623,000 | [3] | 7,223,000 | [3] | 7,669,000 | [3] |
Options/SARs/RSUs exercisable at end of year (3) | $10.30 | [3] | $12.07 | [3] | $14.10 | [3] |
Options/SARs/RSUs exercisable at end of year (3) (in Dollars) | 7,230 | [2],[3] | 28 | [2],[3] | ' | [2],[3] |
Granted (in Shares) | 524,000 | 310,000 | 250,000 | |||
Granted, weighted average exercise price | $6.42 | $5.67 | $7.82 | |||
Granted, aggregate intrinsic value | ' | [2] | ' | [2] | ' | [2] |
Exercised (in Shares) | -2,105,000 | -127,000 | -339,000 | |||
Exercised | $6.49 | $5.97 | $6.22 | |||
Exercised (in Dollars) | 3,795 | [2] | 62 | [2] | 647 | [2] |
Forfeited and cancelled (in Shares) | -2,056,000 | -2,225,000 | -1,665,000 | |||
Forfeited and cancelled | $17.56 | $15.14 | $14.86 | |||
Forfeited and cancelled (in Dollars) | ' | [2] | ' | [2] | ' | [2] |
Outstanding (in Shares) | 6,537,000 | [1] | 9,622,000 | [1] | 10,564,000 | [1] |
Outstanding, weighted average exercise price | $8.68 | [1] | $10.72 | [1] | $12.22 | [1] |
Outstanding, Aggregate Intrinsic Value (in Dollars) | $16,673 | [1],[2] | $98 | [1],[2] | ' | [1],[2] |
Stock Appreciation Rights (SARs) [Member] | ' | ' | ' | |||
Note 13 - Stockholders' Equity (Details) - Activities Relating to Stock Options and Stock Appreciation Rights Granted [Line Items] | ' | ' | ' | |||
Granted (in Shares) | ' | [4] | 1,100,000 | [4] | 1,013,000 | [4] |
Granted, weighted average exercise price | ' | [4] | $6.16 | [4] | $7.52 | [4] |
Granted, aggregate intrinsic value | ' | [2],[4] | ' | [2],[4] | ' | [2],[4] |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | |||
Note 13 - Stockholders' Equity (Details) - Activities Relating to Stock Options and Stock Appreciation Rights Granted [Line Items] | ' | ' | ' | |||
Granted (in Shares) | 552,000 | ' | ' | |||
Granted, aggregate intrinsic value | ' | [2] | ' | [2] | ' | [2] |
Outstanding (in Shares) | 520,000 | ' | ' | |||
[1] | Due to the ceiling imposed on the SAR grants, the outstanding amount above can be exercised for a maximum of 4,631,000 shares of the Company's common stock as of December 31, 2013. | |||||
[2] | Calculation of aggregate intrinsic value for options, RSUs and SARs outstanding and exercisable is based on the share price of the Company's common stock as of December 31, 2013, 2012 and 2011 which was $9.71, $5.76 and $5.21 per share, respectively. The intrinsic value for options, RSUs and SARs exercised during those years represents the difference between the fair market value of the Company's common stock on the date of exercise and the exercise price of each option or SAR, as applicable. | |||||
[3] | Due to the ceiling imposed on the SAR grants, the exercisable amount above can be exercised for a maximum of 3,056,000 shares of the Company's common stock as of December 31, 2013. | |||||
[4] | SAR grants made prior to January 1, 2009 are convertible for a maximum number of shares of the Company's common stock equal to 50% of the SAR units subject to the grant. SAR grants made on or after January 1, 2009 and before January 1, 2010 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. SAR grants made on or after January 1, 2010 are convertible for a maximum number of shares of the Company's common stock equal to 66.67% of the SAR units subject to the grant. SAR grants made on or after January 1, 2012 are convertible for a maximum number of shares of the Company's common stock equal to 50% of the SAR units subject to the grant. |
Note_13_Stockholders_Equity_De3
Note 13 - Stockholders' Equity (Details) - Stock Options and Stock Appreciation Rights Outstanding into Range of Exercise Price (USD $) | 12 Months Ended | ||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | |||
Stock option outstanding (in Shares) | 6,537,000 | [1] | 9,622,000 | [1] | 10,564,000 | [1] | 11,305,000 |
Remaining stock option outstanding, contractual life | '2 years 317 days | [2] | ' | ' | ' | ||
Stock option outstanding, weighted average exercise price | $8.68 | [1] | $10.72 | [1] | $12.22 | [1] | $12.94 |
Stock option exercisable (in Shares) | 4,623,000 | [3] | 7,223,000 | [3] | 7,669,000 | [3] | ' |
Stock option exercisable, remaining contractual life | '2 years 124 days | ' | ' | ' | |||
Stock option exercisable, weighted average exercise price | $10.30 | [3] | $12.07 | [3] | $14.10 | [3] | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' | |||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | |||
Stock option outstanding (in Shares) | 520,000 | ' | ' | ' | |||
Range One [Member] | ' | ' | ' | ' | |||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | |||
Lower range of exercise price | $5.21 | ' | ' | ' | |||
Upper range of exercise price | $7.26 | ' | ' | ' | |||
Stock option outstanding (in Shares) | 3,034,000 | ' | ' | ' | |||
Remaining stock option outstanding, contractual life | '4 years 73 days | [2] | ' | ' | ' | ||
Stock option outstanding, weighted average exercise price | $6.49 | ' | ' | ' | |||
Stock option exercisable (in Shares) | 1,972,000 | ' | ' | ' | |||
Stock option exercisable, remaining contractual life | '3 years 135 days | ' | ' | ' | |||
Stock option exercisable, weighted average exercise price | $6.64 | ' | ' | ' | |||
Range Two [Member] | ' | ' | ' | ' | |||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | |||
Lower range of exercise price | $7.49 | ' | ' | ' | |||
Upper range of exercise price | $10.23 | ' | ' | ' | |||
Stock option outstanding (in Shares) | 2,144,000 | ' | ' | ' | |||
Remaining stock option outstanding, contractual life | '2 years 219 days | [2] | ' | ' | ' | ||
Stock option outstanding, weighted average exercise price | $9.15 | ' | ' | ' | |||
Stock option exercisable (in Shares) | 1,813,000 | ' | ' | ' | |||
Stock option exercisable, remaining contractual life | '2 years 10 days | ' | ' | ' | |||
Stock option exercisable, weighted average exercise price | $9.41 | ' | ' | ' | |||
Range Three [Member] | ' | ' | ' | ' | |||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | |||
Lower range of exercise price | $11.60 | ' | ' | ' | |||
Upper range of exercise price | $15.79 | ' | ' | ' | |||
Stock option outstanding (in Shares) | 80,000 | ' | ' | ' | |||
Remaining stock option outstanding, contractual life | '2 years 193 days | [2] | ' | ' | ' | ||
Stock option outstanding, weighted average exercise price | $12.90 | ' | ' | ' | |||
Stock option exercisable (in Shares) | 80,000 | ' | ' | ' | |||
Stock option exercisable, remaining contractual life | '2 years 193 days | ' | ' | ' | |||
Stock option exercisable, weighted average exercise price | $12.90 | ' | ' | ' | |||
Range Four [Member] | ' | ' | ' | ' | |||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | |||
Lower range of exercise price | $18.01 | ' | ' | ' | |||
Upper range of exercise price | $25.06 | ' | ' | ' | |||
Stock option outstanding (in Shares) | 759,000 | ' | ' | ' | |||
Remaining stock option outstanding, contractual life | '127 days | [2] | ' | ' | ' | ||
Stock option outstanding, weighted average exercise price | $21.64 | ' | ' | ' | |||
Stock option exercisable (in Shares) | 758,000 | ' | ' | ' | |||
Stock option exercisable, remaining contractual life | '127 days | ' | ' | ' | |||
Stock option exercisable, weighted average exercise price | $21.64 | ' | ' | ' | |||
[1] | Due to the ceiling imposed on the SAR grants, the outstanding amount above can be exercised for a maximum of 4,631,000 shares of the Company's common stock as of December 31, 2013. | ||||||
[2] | Calculation of weighted average remaining contractual term does not include the RSUs that were granted, which have an indefinite contractual term. | ||||||
[3] | Due to the ceiling imposed on the SAR grants, the exercisable amount above can be exercised for a maximum of 3,056,000 shares of the Company's common stock as of December 31, 2013. |
Note_13_Stockholders_Equity_De4
Note 13 - Stockholders' Equity (Details) - Weighted-Average Assumptions | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Weighted-Average Assumptions [Abstract] | ' | ' | ' | |||
Volatility | 46.24% | 48.23% | 54.60% | |||
Risk-free interest rate | 1.39% | 2.20% | 2.23% | |||
Dividend yield | 0.00% | 0.00% | 0.00% | |||
Pre-vest cancellation rate *) | 3.48% | [1] | 3.50% | [1] | 3.37% | [1] |
Post-vest cancellation rate **) | 2.52% | [2] | 2.58% | [2] | 2.21% | [2] |
Suboptimal exercise factor ***) | 1.81 | [3] | 1.6 | [3] | 1.59 | [3] |
Expected life (years) | '4 years 240 days | '4 years 69 days | '4 years 51 days | |||
[1] | The pre-vest cancellation rate was calculated on an annual basis and is presented here on an annual basis. | |||||
[2] | The post-vest cancellation rate was calculated on a monthly basis and is presented here on an annual basis. | |||||
[3] | The ratio of the stock price to strike price at the time of exercise of the option. |
Note_13_Stockholders_Equity_De5
Note 13 - Stockholders' Equity (Details) - Non-vested Stock Options and Stock Appreciation Rights (USD $) | 12 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 |
Non-vested Stock Options and Stock Appreciation Rights [Abstract] | ' |
Non-vested | 2,399 |
Weighted average grant date fair value non-vested | $2.76 |
Granted | 1,076 |
Granted | $5.55 |
Vested | -1,250 |
Vested | $2.86 |
Forfeited | -311 |
Forfeited | $3.53 |
Non-vested | 1,914 |
Weighted average grant date fair value non-vested | $4.14 |
Note_14_Commitments_and_Contin2
Note 14 - Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 14 - Commitments and Contingencies (Details) [Line Items] | ' | ' | ' |
Operating Leases, Rent Expense | $2,389 | $2,891 | $3,375 |
Isreaeli Office of the Chief Scientist Royalties [Member] | ' | ' | ' |
Note 14 - Commitments and Contingencies (Details) [Line Items] | ' | ' | ' |
Loss Contingency Accrual | $1,822 | ' | ' |
Note_14_Commitments_and_Contin3
Note 14 - Commitments and Contingencies (Details) - Minimum Lease Payments Under Non-Cancelable Operating Leases (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Minimum Lease Payments Under Non-Cancelable Operating Leases [Abstract] | ' |
2014 | $2,860 |
2015 | 2,627 |
2016 | 2,192 |
2017 and thereafter | 3,044 |
$10,723 |
Note_15_Taxes_on_Income_Detail
Note 15 - Taxes on Income (Details) (USD $) | 12 Months Ended | 12 Months Ended | 5 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | |
Scenario, Forecast [Member] | Scenario, Forecast [Member] | Capital Gains [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Israel [Member] | Switzerland [Member] | Switzerland [Member] | Switzerland [Member] | Domestic Tax Authority [Member] | State and Local Jurisdiction [Member] | United States [Member] | United States [Member] | Non-qualified Stock Options [Member] | Non-qualified Stock Options [Member] | Non-qualified Stock Options [Member] | Approved Enterprise Investment [Member] | Preferred Enterprise [Member] | ||||
Israel [Member] | Israel [Member] | Israel [Member] | Approved Enterprise Investment [Member] | Preferred Enterprise [Member] | Preferred Enterprise [Member] | First Investment Program [Member] | First Investment Program [Member] | Second Investment Program [Member] | Second Investment Program [Member] | Third Investment Program [Member] | Third Investment Program [Member] | Fourth Investment Program [Member] | Fourth Investment Program [Member] | Fifth Investment Program [Member] | Fifth Investment Program [Member] | Sixth Investment Program [Member] | Sixth Investment Program [Member] | Seventh Investment Program [Member] | Seventh Investment Program [Member] | Seventh Investment Program [Member] | Eighth Investment Program [Member] | Eighth Investment Program [Member] | Eighth Investment Program [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | |||||||||||||||
Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | |||||||||||||||||||||||||||
Note 15 - Taxes on Income (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Expense (Benefit) (in Dollars) | ($150,000) | ($172,000) | ($866,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | $0 | ' | ' |
Deferred Tax Assets, Valuation Allowance (in Dollars) | 36,886,000 | 36,563,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate (in Dollars) | 1,892,000 | 1,815,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued (in Dollars) | 408,000 | 435,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations (in Dollars) | 284,000 | 622,000 | 635,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6 | 2 |
Percentage Of Export Sales To Get Tax Benefit | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax Exemption Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | '4 years | '2 years | '4 years | '2 years | '4 years | '2 years | '4 years | '2 years | '4 years | '2 years | '4 years | '2 years | '4 years | '2 years | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Corporate Tax Rate | ' | ' | ' | 26.50% | ' | 25.00% | 25.00% | 25.00% | 24.00% | 10.00% | 16.00% | 25.00% | 10.00% | 25.00% | 10.00% | 25.00% | 10.00% | 25.00% | 10.00% | 25.00% | 10.00% | 25.00% | 10.00% | 25.00% | ' | 10.00% | 25.00% | ' | 10.00% | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Tax Exemption Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | '8 years | ' | '6 years | '6 years | '8 years | '6 years | '8 years | '6 years | '8 years | '6 years | '8 years | '6 years | '8 years | '6 years | '8 years | '8 years | ' | ' | '8 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend Tax Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount (in Dollars) | ' | ' | ' | ' | ' | ' | 35,481,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Net Liabilities (in Dollars) | ' | ' | ' | ' | 3,942,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign Reduced Tax Rates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Amortization Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Loss Carryforwards (in Dollars) | ' | ' | ' | ' | ' | ' | 38,981,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 240,960,000 | ' | ' | 10,736,000 | 3,030,000 | ' | ' | ' | ' | ' | ' | ' |
Tax Credit Carryforward Expiration Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years | ' | ' | ' | ' | '15 years | '20 years | ' | ' | ' | ' | ' |
Capital Loss Carryforwards (in Dollars) | $1,169,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Loss Carryforward Expiration | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_15_Taxes_on_Income_Detail1
Note 15 - Taxes on Income (Details) - Provision for Income Taxes (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Domestic taxes | ' | ' | ' |
Current | ($271) | ($465) | $36 |
Current | -9 | 1 | -623 |
Current | 507 | 304 | -311 |
Deferred | -377 | -12 | 32 |
130 | 292 | -279 | |
Income tax benefit | ($150) | ($172) | ($866) |
Note_15_Taxes_on_Income_Detail2
Note 15 - Taxes on Income (Details) - Loss Before Taxes (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Loss Before Taxes [Abstract] | ' | ' | ' |
Domestic | ($3,525) | ($844) | ($3,162) |
Foreign | 6,051 | -7,370 | -13,946 |
$2,526 | ($8,214) | ($17,108) |
Note_15_Taxes_on_Income_Detail3
Note 15 - Taxes on Income (Details) - Reconciliation Between Effective Tax Rate Assuming All Income is Taxed at Statutory Tax Rate Applicable to Income and United States Statutory Rate (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reconciliation Between Effective Tax Rate Assuming All Income is Taxed at Statutory Tax Rate Applicable to Income and United States Statutory Rate [Abstract] | ' | ' | ' |
Income (loss) before taxes on income | $2,526 | ($8,214) | ($17,108) |
Theoretical tax at U.S. statutory tax rate (35%) | 884 | -2,875 | -5,988 |
State taxes, net of federal benefit | 2 | 2 | 2 |
Foreign income taxed at rates other than the U.S. rate (including deferred taxes that were not provided, valuation allowance and current adjustment and interest on uncertain tax position liability) | -3,015 | 1,253 | 2,563 |
Nondeductible equity-based compensation expenses | 1,456 | 1,744 | 2,177 |
Current adjustment and interest on uncertain tax position liability in U.S. | -283 | -465 | -598 |
Valuation allowance in U.S. | 804 | 154 | 957 |
Other | 2 | 15 | 21 |
($150) | ($172) | ($866) |
Note_15_Taxes_on_Income_Detail4
Note 15 - Taxes on Income (Details) - Reconciliation Between Effective Tax Rate Assuming All Income is Taxed at Statutory Tax Rate Applicable to Income and United States Statutory Rate (Parentheticals) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Reconciliation Between Effective Tax Rate Assuming All Income is Taxed at Statutory Tax Rate Applicable to Income and United States Statutory Rate [Abstract] | ' | ' | ' |
U.S. statutory tax rate | 35.00% | 35.00% | 35.00% |
Note_15_Taxes_on_Income_Detail5
Note 15 - Taxes on Income (Details) - Deferred Income Taxes (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred Income Taxes [Abstract] | ' | ' |
Reserves and accruals | $92 | $101 |
Total deferred tax assets (short-term) | 92 | 101 |
Valuation allowance | 0 | 0 |
Total | 92 | 101 |
Reserves and accruals | 1,074 | 1,070 |
Equity-based compensation | 2,526 | 2,372 |
Intangible assets | 1,453 | 1,621 |
Carryforward tax losses | 31,817 | 31,449 |
Other | 16 | 51 |
Total deferred tax assets (long-term) | 36,886 | 36,563 |
Valuation allowance | -36,886 | -36,563 |
Total | 0 | 0 |
Total deferred tax assets | 92 | 101 |
Acquired intangible assets | 1,670 | 2,056 |
Acquired carryforward tax losses | -487 | -487 |
Total deferred tax liabilities, net | $1,183 | $1,569 |
Note_15_Taxes_on_Income_Detail6
Note 15 - Taxes on Income (Details) - Reconciliation of Unrecognized Tax Benefits (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reconciliation of Unrecognized Tax Benefits [Abstract] | ' | ' | ' |
Gross unrecognized tax benefits | $1,815 | $1,115 | ' |
Increases in tax positions for previous years | 59 | 1,220 | ' |
Increases in tax positions for current year | 109 | ' | ' |
Increase in interest related to tax positions | 193 | 102 | ' |
Lapse in statute of limitations | -284 | -622 | -635 |
Gross unrecognized tax benefits | $1,892 | $1,815 | $1,115 |
Note_16_Basic_and_Diluted_Loss2
Note 16 - Basic and Diluted Loss Per Share (Details) - Basic and Diluted Net Loss Per Share (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Basic and Diluted Net Loss Per Share [Abstract] | ' | ' | ' |
Net income (loss) (in Dollars) | $2,676 | ($8,042) | ($16,242) |
Weighted average number of shares of common stock outstanding during the year used to compute basic net income (loss) per share (in thousands) | 22,249 | 21,950 | 23,247 |
Incremental shares attributable to exercise of outstanding options, SARs and RSUs (assuming proceeds would be used to purchase treasury stock) (in thousands) | 657 | ' | ' |
Weighted average number of shares of common stock used to compute diluted net income (loss) per share (in thousands) | 22,906 | 21,950 | 23,247 |
Basic net income (loss) per share (in Dollars per share) | $0.12 | ($0.37) | ($0.70) |
Diluted net income (loss) per share (in Dollars per share) | $0.12 | ($0.37) | ($0.70) |
Note_17_Restructuring_Costs_an1
Note 17 - Restructuring Costs and Other (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Restructuring and Related Activities [Abstract] | ' | ' | ' | ' | ' | ' |
Severance Costs | $1,315 | $693 | $419 | $1,494 | $1,660 | $2,089 |
Restructuring Reserve, Current | ' | ' | ' | 39 | ' | ' |
Restructuring Income | ' | ' | $590 | ' | ' | ' |
Note_18_Segment_Information_De
Note 18 - Segment Information (Details) | 3 Months Ended | 21 Months Ended |
Mar. 31, 2012 | Dec. 31, 2013 | |
Segment Reporting [Abstract] | ' | ' |
Number of Reportable Segments | 1 | 3 |
Note_18_Segment_Information_De1
Note 18 - Segment Information (Details) - Selected Operating Results (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Segment Reporting Information [Line Items] | ' | ' | ' | |
Revenues | $151,063 | $162,790 | $193,861 | |
Income (loss) from operations | 9,671 | 1,299 | -2,830 | [1] |
Home [Member] | ' | ' | ' | |
Segment Reporting Information [Line Items] | ' | ' | ' | |
Revenues | 142,144 | 155,211 | 188,192 | |
Income (loss) from operations | 25,367 | 15,040 | ' | [1] |
Office [Member] | ' | ' | ' | |
Segment Reporting Information [Line Items] | ' | ' | ' | |
Revenues | 8,849 | 7,579 | 5,669 | |
Income (loss) from operations | -4,656 | -5,156 | ' | [1] |
Mobile [Member] | ' | ' | ' | |
Segment Reporting Information [Line Items] | ' | ' | ' | |
Revenues | 70 | ' | ' | |
Income (loss) from operations | ($11,040) | ($8,585) | ' | [1] |
[1] | It is impracticable to present 2011 income (loss) from operations by segments due to lack in internal management reporting and tracking system, which tracks and reports employees actual hours in the various projects. |
Note_18_Segment_Information_De2
Note 18 - Segment Information (Details) - Reconciliation of Segment Operating Results (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Reconciliation of Segment Operating Results [Abstract] | ' | ' | ' | |||
Income (loss) from operations | $9,671 | $1,299 | ($2,830) | [1] | ||
Unallocated corporate, general and administrative expenses * | -2,368 | [2] | -2,600 | [2] | -3,484 | [2] |
Restructuring expenses | ' | -2,008 | 170 | |||
Proxy contest related expenses | -1,403 | ' | ' | |||
Equity-based compensation expenses | -4,159 | -4,983 | -6,220 | |||
Intangible assets amortization expenses | -1,672 | -2,310 | -7,972 | |||
Other income from remeasurement of initial investment in an affiliated company | ' | ' | 1,343 | |||
Financial income, net | 2,457 | 2,388 | 1,885 | |||
Total consolidated income (loss) before taxes | $2,526 | ($8,214) | ($17,108) | |||
[1] | It is impracticable to present 2011 income (loss) from operations by segments due to lack in internal management reporting and tracking system, which tracks and reports employees actual hours in the various projects. | |||||
[2] | Includes mainly legal, accounting, board of directors and investors relation expenses. |
Note_18_Segment_Information_De3
Note 18 - Segment Information (Details) - Operations within Geographic Areas Based on Customer Locations (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Revenues | $151,063 | $162,790 | $193,861 |
HONG KONG | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Revenues | 86,090 | 84,737 | 100,894 |
JAPAN | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Revenues | 34,377 | 51,033 | 57,260 |
Korea [Member] | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Revenues | 914 | 1,968 | 5,909 |
Europe [Member] | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Revenues | 7,370 | 7,429 | 9,180 |
UNITED STATES | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Revenues | 4,342 | 2,028 | 1,836 |
CHINA | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Revenues | 6,999 | 6,270 | 8,577 |
TAIWAN, PROVINCE OF CHINA | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Revenues | 7,093 | 6,496 | 7,225 |
Other Geographic Regions [Member] | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Revenues | $3,878 | $2,829 | $2,980 |
Note_18_Segment_Information_De4
Note 18 - Segment Information (Details) - Long Lived Assets within Geographic Areas (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Long-lived assets | $2,837 | $3,706 |
Europe [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Long-lived assets | 158 | 120 |
ISRAEL | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Long-lived assets | 2,260 | 3,151 |
UNITED STATES | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Long-lived assets | 1 | 9 |
Other Geographic Regions [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Long-lived assets | $418 | $426 |
Schedule_II_Valuation_and_Qual2
Schedule II - Valuation and Qualifying Accounts (Details) - Schedule II - Valuation and Qualifying Accounts (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' |
Balance at Beginning of Period | $0 | $0 | $0 |
Charged to (deducted from) Costs and Expenses | 0 | 0 | 0 |
Balance at End of Period | $0 | $0 | $0 |