Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 05, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'DSP GROUP INC /DE/ | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 21,612,193 |
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 | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and cash equivalents | $14,509 | $23,578 |
Restricted deposits | 394 | 77 |
Marketable securities and short-term deposits | 9,275 | 13,895 |
Trade receivables, net | 25,091 | 21,195 |
Deferred income taxes | 97 | 92 |
Other accounts receivable and prepaid expenses | 1,640 | 2,641 |
Inventories | 13,908 | 12,334 |
TOTAL CURRENT ASSETS | 64,914 | 73,812 |
PROPERTY AND EQUIPMENT, NET | 2,865 | 2,837 |
LONG-TERM ASSETS: | ' | ' |
Long-term marketable securities and deposits | 93,214 | 90,162 |
Long-term prepaid expenses and lease deposits | 87 | 100 |
Severance pay fund | 11,456 | 11,168 |
Investment in other companies | 2,200 | 2,200 |
Intangible assets, net | 5,517 | 6,710 |
Goodwill | 5,276 | 5,276 |
117,750 | 115,616 | |
TOTAL ASSETS | 185,529 | 192,265 |
CURRENT LIABILITIES: | ' | ' |
Trade payables | 15,468 | 14,149 |
Accrued compensation and benefits | 7,579 | 9,845 |
Income tax accruals and payables | 1,946 | 1,985 |
Accrued expenses and other accounts payable | 5,565 | 5,532 |
Total current liabilities | 30,558 | 31,511 |
LONG-TERM LIABILITIES: | ' | ' |
Deferred income taxes | 894 | 1,183 |
Accrued severance pay | 11,525 | 11,179 |
Accrued pensions | 927 | 981 |
Total long-term liabilities | 13,346 | 13,343 |
Total stockholders’ equity | 141,625 | 147,411 |
Total liabilities and stockholders’ equity | 185,529 | 192,265 |
Capital stock: | ' | ' |
Preferred stock, $ 0.001 par value - Authorized shares: 5,000,000 at September 30, 2014 and December 31, 2013; Issued and outstanding shares: none at September 30, 2014 and December 31, 2013 | ' | ' |
Common stock, $ 0.001 par value - Authorized shares: 50,000,000 shares at September 30, 2014 and December 31, 2013; Issued and outstanding shares: 21,540,317 and 22,349,780 shares at September 30, 2014 and December 31, 2013, respectively | 22 | 22 |
Additional paid-in capital | 354,694 | 350,494 |
Treasury stock | -125,329 | -118,749 |
Accumulated other comprehensive loss | -1,433 | -821 |
Accumulated deficit | ($86,329) | ($83,535) |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
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 | 21,540,317 | 22,349,780 |
Common stock, Outstanding shares | 21,540,317 | 22,349,780 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Revenues | $36,715 | $35,381 | $105,877 | $115,723 | ||||
Cost of revenues (1) | 22,187 | [1] | 21,576 | [1] | 63,554 | [1] | 70,050 | [1] |
Gross profit | 14,528 | 13,805 | 42,323 | 45,673 | ||||
Operating expenses: | ' | ' | ' | ' | ||||
Research and development, net (2) | 8,083 | [2] | 8,147 | [2] | 24,313 | [2] | 26,481 | [2] |
Sales and marketing (3) | 2,892 | [3] | 2,767 | [3] | 8,925 | [3] | 8,492 | [3] |
General and administrative (4) | 2,580 | [4] | 2,576 | [4] | 7,941 | [4] | 9,046 | [4] |
Intangible assets amortization | 397 | 418 | 1,191 | 1,254 | ||||
Total operating expenses | 13,952 | 13,908 | 42,370 | 45,273 | ||||
Operating income (loss) | 576 | -103 | -47 | 400 | ||||
Financial income, net | 186 | 512 | 895 | 1,837 | ||||
Income before taxes on income | 762 | 409 | 848 | 2,237 | ||||
Taxes on income (income tax benefit) | -11 | 11 | -25 | -83 | ||||
Net income | $773 | $398 | $873 | $2,320 | ||||
Net income per share: | ' | ' | ' | ' | ||||
Basic (in Dollars per share) | $0.04 | $0.02 | $0.04 | $0.10 | ||||
Diluted (in Dollars per share) | $0.03 | $0.02 | $0.04 | $0.10 | ||||
Weighted average number of shares used in per share computations of net income: | ' | ' | ' | ' | ||||
Basic (in Shares) | 21,830 | 22,522 | 22,064 | 22,159 | ||||
Diluted (in Shares) | 23,073 | 23,048 | 22,829 | 22,723 | ||||
[1] | Includes equity-based compensation expense in the amount of $71 and $65 for the three months ended September 30, 2014 and 2013, respectively, and equity-based compensation expense in the amount of $237 and $191 for the nine months ended September 30, 2014 and 2013, respectively. | |||||||
[2] | Includes equity-based compensation expense in the amount of $568 and $474 for the three months ended September 30, 2014 and 2013, respectively, and equity-based compensation expense in the amount of $1,869 and $1,412 for the nine months ended September 30, 2014 and 2013, respectively | |||||||
[3] | Includes equity-based compensation expense in the amount of $150 and $115 for the three months ended September 30, 2014 and 2013, respectively, and equity-based compensation expense in the amount of $481 and $383 for the nine months ended September 30, 2014 and 2013, respectively. | |||||||
[4] | Includes equity-based compensation expense in the amount of $507 and $391 for the three months ended September 30, 2014 and 2013, respectively, and equity-based compensation expense in the amount of $1,613 and $1,147 for the nine months ended September 30, 2014 and 2013, respectively. |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Equity-based compensation expense included in cost of revenues | $71 | $65 | $237 | $191 |
Equity-based compensation expenses included in research and development, net | 568 | 474 | 1,869 | 1,412 |
Equity-based compensation expense included in sales and marketing | 150 | 115 | 481 | 383 |
Equity-based compensation expense included in general and administrative | $507 | $391 | $1,613 | $1,147 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net income: | $773 | $398 | $873 | $2,320 |
Available-for-sale securities: | ' | ' | ' | ' |
Changes in unrealized gains/losses | -404 | 459 | -134 | -537 |
Reclassification adjustments for losses (gains) included in net income (loss) | 3 | -183 | -62 | -726 |
Net change | -401 | 276 | -196 | -1,263 |
Cash flow hedges: | ' | ' | ' | ' |
Changes in unrealized gains/losses | -528 | 93 | -516 | 355 |
Reclassification adjustments for losses (gains) included in net income (loss) | 97 | -292 | 92 | -695 |
Net change | -431 | -199 | -424 | -340 |
Change in unrealized components of defined benefit plans: | ' | ' | ' | ' |
Amortization of actuarial loss and prior service benefit | 3 | 3 | 9 | 8 |
Net change | 3 | 3 | 9 | 8 |
Foreign currency translation adjustments, net | 5 | 7 | -1 | -19 |
Other comprehensive income (loss) | -824 | 87 | -612 | -1,614 |
Comprehensive income (loss) | ($51) | $485 | $261 | $706 |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Net cash provided by operating activities | $3,734 | $4,973 |
Investing activities | ' | ' |
Purchase of marketable securities | -50,205 | -53,331 |
Proceeds from maturity of marketable securities | 9,896 | 15,180 |
Proceeds from sales of marketable securities | 40,821 | 27,814 |
Increase in restricted deposits | -327 | ' |
Purchases of property and equipment | -1,002 | -925 |
Net cash provided used in investing activities | -817 | -11,262 |
Financial activities | ' | ' |
Purchase of treasury stock | -12,484 | ' |
Issuance of treasury stock for cash upon exercise of stock options | 514 | 1,848 |
Net cash provided by (used in) financing activities | -11,970 | 1,848 |
Increase (decrease) in cash and cash equivalents | -9,053 | -4,441 |
Cash (erosion) due to exchange rate differences | -16 | 28 |
Cash and cash equivalents at the beginning of the period | 23,578 | 21,684 |
Cash and cash equivalents at the end of the period | $14,509 | $17,271 |
Condensed_Statements_of_Stockh
Condensed Statements of Stockholders’ Equity (unaudited) (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total | |
In Thousands, except Share data, unless otherwise specified | |||||||
Balance at Dec. 31, 2012 | $22 | $346,335 | ($125,724) | ($79,394) | $988 | $142,227 | |
Balance (in Shares) at Dec. 31, 2012 | 21,674,000 | ' | ' | ' | ' | ' | |
Three Months Ended September 30, 2014 | ' | ' | ' | ' | ' | ' | |
Net income | ' | ' | ' | 2,320 | ' | 2,320 | |
Change in accumulated other comprehensive income | ' | ' | ' | ' | -1,614 | -1,614 | |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan | ' | [1] | ' | 3,669 | -2,005 | ' | 1,664 |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan (in Shares) | 374,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees and directors | 1 | ' | 5,013 | -3,166 | ' | 1,848 | |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees and directors (in Shares) | 510,000 | ' | ' | ' | ' | ' | |
Equity-based compensation | ' | 3,133 | ' | ' | ' | 3,133 | |
Balance at Sep. 30, 2013 | 23 | 349,468 | -117,042 | -82,245 | -626 | 149,578 | |
Balance (in Shares) at Sep. 30, 2013 | 22,558,000 | ' | ' | ' | ' | ' | |
Balance at Jun. 30, 2013 | 22 | 348,423 | -120,829 | -80,297 | -713 | 146,606 | |
Balance (in Shares) at Jun. 30, 2013 | 22,172,000 | ' | ' | ' | ' | ' | |
Three Months Ended September 30, 2014 | ' | ' | ' | ' | ' | ' | |
Net income | ' | ' | ' | 398 | ' | 398 | |
Change in accumulated other comprehensive income | ' | ' | ' | ' | 87 | 87 | |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan | ' | [1] | ' | 1,802 | -984 | ' | 818 |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan (in Shares) | 184,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees and directors | 1 | ' | 1,985 | -1,362 | ' | 624 | |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees and directors (in Shares) | 202,000 | ' | ' | ' | ' | ' | |
Equity-based compensation | ' | 1,045 | ' | ' | ' | 1,045 | |
Balance at Sep. 30, 2013 | 23 | 349,468 | -117,042 | -82,245 | -626 | 149,578 | |
Balance (in Shares) at Sep. 30, 2013 | 22,558,000 | ' | ' | ' | ' | ' | |
Balance at Dec. 31, 2013 | 22 | 350,494 | -118,749 | -83,535 | -821 | 147,411 | |
Balance (in Shares) at Dec. 31, 2013 | 22,350,000 | ' | ' | ' | ' | ' | |
Three Months Ended September 30, 2014 | ' | ' | ' | ' | ' | ' | |
Purchase of treasury stock | -1 | ' | -12,483 | ' | ' | -12,484 | |
Purchase of treasury stock (in Shares) | -1,414,000 | ' | ' | ' | ' | -1,414,226 | |
Net income | ' | ' | ' | 873 | ' | 873 | |
Change in accumulated other comprehensive income | ' | ' | ' | ' | -612 | -612 | |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan | 1 | ' | 3,031 | -1,309 | ' | 1,723 | |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan (in Shares) | 311,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees and directors | ' | [1] | ' | 2,872 | -2,358 | ' | 514 |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees and directors (in Shares) | 293,000 | ' | ' | ' | ' | ' | |
Equity-based compensation | ' | 4,200 | ' | ' | ' | 4,200 | |
Balance at Sep. 30, 2014 | 22 | 354,694 | -125,329 | -86,329 | -1,433 | 141,625 | |
Balance (in Shares) at Sep. 30, 2014 | 21,540,000 | ' | ' | ' | ' | ' | |
Balance at Jun. 30, 2014 | 22 | 353,398 | -122,713 | -86,092 | -609 | 144,006 | |
Balance (in Shares) at Jun. 30, 2014 | 21,843,000 | ' | ' | ' | ' | ' | |
Three Months Ended September 30, 2014 | ' | ' | ' | ' | ' | ' | |
Purchase of treasury stock | -1 | ' | -4,588 | ' | ' | -4,589 | |
Purchase of treasury stock (in Shares) | -505,000 | ' | ' | ' | ' | ' | |
Net income | ' | ' | ' | 773 | ' | 773 | |
Change in accumulated other comprehensive income | ' | ' | ' | ' | -824 | -824 | |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan | 1 | ' | 1,217 | -329 | ' | 889 | |
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan (in Shares) | 124,000 | ' | ' | ' | ' | ' | |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees and directors | ' | [1] | ' | 755 | -681 | ' | 74 |
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted share units by employees and directors (in Shares) | 78,000 | ' | ' | ' | ' | ' | |
Equity-based compensation | ' | 1,296 | ' | ' | ' | 1,296 | |
Balance at Sep. 30, 2014 | $22 | $354,694 | ($125,329) | ($86,329) | ($1,433) | $141,625 | |
Balance (in Shares) at Sep. 30, 2014 | 21,540,000 | ' | ' | ' | ' | ' | |
[1] | Represents an amount lower than $1. |
Note_A_Basis_of_Presentation_a
Note A - Basis of Presentation and Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
NOTE A—BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. For further information, reference is made to the consolidated financial statements and footnotes thereto included in the Annual Report on Form 10-K of DSP Group, Inc. (the “Company”) for the year ended December 31, 2013. |
Note_B_Inventories
Note B - Inventories | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventory Disclosure [Text Block] | ' | ||||||||
NOTE b—INVENTORIES | |||||||||
Inventories are stated at the lower of cost or market value. The Company periodically evaluates the quantities on hand relative to current and historical selling prices, and historical and projected sales volume. Based on these evaluations, provisions are made in each period to write inventory down to its net realizable value. Inventories are composed of the following: | |||||||||
30-Sep-14 | 31-Dec-13 | ||||||||
(Unaudited) | (Audited) | ||||||||
Work-in-process | $ | 7,311 | $ | 5,412 | |||||
Finished goods | 6,597 | 6,922 | |||||||
$ | 13,908 | $ | 12,334 | ||||||
Inventory write-off amounted to $48 for the nine months ended September 30, 2014. For the nine months ended September 30, 2013, the Company recorded $177 of income due to the utilization of inventory that was written off in the past. |
Note_C_Net_Income_Loss_Per_Sha
Note C - Net Income (Loss) Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
NOTE c—NET income PER SHARE | |||||||||||||||||
Basic net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the period. For the same periods, diluted net income (loss) per share further includes the effect of dilutive stock options, stock appreciation rights and restricted share units outstanding during the period, all in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 260 “Earnings per Share.” The following table sets forth the computation of basic and diluted net income (loss) per share: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Unaudited | |||||||||||||||||
Net income | $ | 773 | $ | 398 | $ | 873 | $ | 2,320 | |||||||||
Net income per share: | |||||||||||||||||
Basic | $ | 0.04 | $ | 0.02 | $ | 0.04 | $ | 0.1 | |||||||||
Diluted | $ | 0.03 | $ | 0.02 | $ | 0.04 | $ | 0.1 | |||||||||
Weighted average number of shares of common stock outstanding during the period used to compute basic net income per share (in thousands) | 21,830 | 22,522 | 22,064 | 22,159 | |||||||||||||
Incremental shares attributable to exercise of outstanding options, stock appreciation rights and restricted shares units (assuming proceeds would be used to purchase treasury stock) (in thousands) | 1,243 | 526 | 765 | 564 | |||||||||||||
Weighted average number of shares of common stock used to compute diluted net income per share (in thousands) | 23,073 | 23,048 | 22,829 | 22,723 | |||||||||||||
Note_D_Marketable_Securities_A
Note D - Marketable Securities And Time Deposits | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||
NOTE d—MARKETABLE SECURITIES and time deposits | |||||||||||||||||||||||||
The Company accounts for investments in marketable securities in accordance with FASB ASC No.320-10 “Investments in Debt and Equity Securities.” Management determines the appropriate classification of its investments in government and corporate marketable debt securities at the time of purchase and reevaluates such determinations at each balance sheet date. | |||||||||||||||||||||||||
The Company classifies marketable securities as available-for-sale. Available-for-sale securities are carried at fair value, with the unrealized gains and losses, net of taxes, reported in other comprehensive income. The amortized cost of marketable securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization and interest are included in financial income, net. Interest on securities are included in financial income, net. The following is a summary of available-for-sale securities and short term deposits at September 30, 2014 and December 31, 2014: | |||||||||||||||||||||||||
Amortized cost | Unrealized gains (losses), net | Estimated fair value | |||||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(Unaudited) | (Audited) | (Unaudited) | (Audited) | (Unaudited) | (Audited) | ||||||||||||||||||||
Short -term deposits | $ | 2,755 | $ | 2,911 | $ | - | $ | - | $ | 2,755 | $ | 2,911 | |||||||||||||
U.S. GSE securities | 4,315 | 3,093 | 2 | (11 | ) | 4,317 | 3,082 | ||||||||||||||||||
Corporate obligations | 96,006 | 98,444 | (589 | ) | (380 | ) | 95,417 | 98,064 | |||||||||||||||||
$ | 103,076 | $ | 104,448 | $ | (587 | ) | $ | (391 | ) | $ | 102,489 | $ | 104,057 | ||||||||||||
The amortized cost of short and long-term deposits and available-for-sale debt securities at September 30, 2014, by contractual maturities, is shown below: | |||||||||||||||||||||||||
Unrealized gains (losses) | |||||||||||||||||||||||||
Amortized | Gains | Losses | Estimated | ||||||||||||||||||||||
cost | fair value | ||||||||||||||||||||||||
Due in one year or less | $ | 9,266 | $ | 9 | $ | - | $ | 9,275 | |||||||||||||||||
Due after one year to five years | 93,810 | 125 | (721 | ) | 93,214 | ||||||||||||||||||||
$ | 103,076 | $ | 134 | $ | (721 | ) | $ | 102,489 | |||||||||||||||||
The actual maturity dates may differ from the contractual maturities because debtors may have the right to call or prepay obligations without penalties. | |||||||||||||||||||||||||
Management believes that as of September 30, 2014, 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 condensed consolidated statement of income. | |||||||||||||||||||||||||
Marketable securities are periodically reviewed for impairment. If management concludes that any marketable security is 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 marketable security before recovery of cost basis. If any impairment is considered other-than-temporary, the marketable security is written down to its fair value through a corresponding charge to financial income, net. | |||||||||||||||||||||||||
The total fair value of marketable securities with outstanding unrealized losses as of September 30, 2014 amounted to $68,921. Of the $721 unrealized losses outstanding as of September 30, 2014 and presented in the table above, a portion of which in the amount of $149, was related to marketable securities that were in a loss position for more than 12 months and the remaining portion in the amount of $572 was related to marketable securities that were in a loss position for less than 12 months. | |||||||||||||||||||||||||
Proceeds from maturity of available-for-sale marketable securities during the nine months ended September 30, 2014 and 2013 were $9,896 and $15,180, respectively. Proceeds from sales of available-for-sale marketable securities during the nine months ended September 30, 2014 and 2013 were $40,821 and $27,814, respectively. Net realized gains from the sale of available-for sale marketable securities for the nine months ended September 30, 2014 and 2013 were $62 and $726, respectively. The Company determines realized gains or losses on the sale of available-for-sale marketable securities based on a specific identification method. |
Note_E_Taxes_On_Income
Note E - Taxes On Income | 9 Months Ended |
Sep. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
NOTE e—TAXES ON Income | |
The effective tax rate used in computing the provision for income taxes is based on projected fiscal year income before taxes, including estimated income by tax jurisdiction. Tax provision for the three and nine months ended September 30, 2014 and September 30, 2013 does not include tax benefits associated with equity-based compensation expenses. During the three and nine months ended September 30, 2014, the Company did not record any significant changes to its deferred tax assets due to its current estimation of future taxable income. | |
The total amount of net unrecognized tax benefits was $1,833 and $1,892 at September 30, 2014 and December 31, 2013, respectively. The Company accrues interest and penalties, relating to unrecognized tax benefits, in its provision for income taxes. At September 30, 2014 and December 31, 2013, the Company had accrued interest and penalties relating to unrecognized tax benefits of $432 and $408, respectively. |
Note_F_Significant_Customers
Note F - Significant Customers | 9 Months Ended |
Sep. 30, 2014 | |
Significant Customers Disclosure [Abstract] | ' |
Significant Customers Disclosure [Text Block] | ' |
NOTE F—SIGNIFICANT CUSTOMERS | |
The Company sells its products primarily through distributors and directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) who incorporate the Company’s products into consumer 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 34% and 35% of the Company’s total revenues for the three months ended September 30, 2014 and 2013, respectively. Sales to VTech represented 36% of the Company’s total revenues for both the nine months ended September 30, 2014 and 2013. | |
Revenues derived from sales through one distributor, Tomen Electronics Corporation (“Tomen Electronics”), accounted for 22% and 24% of the Company’s total revenues for the three months ended September 30, 2014 and 2013, respectively. Tomen Electronics accounted for 21% and 18% of the Company's total revenues for the nine months ended September 30, 2014 and 2013, respectively. The Japanese market and the OEMs that operate in that market are among the largest suppliers in the world with significant market share in the U.S. market for residential wireless products. 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 17% and 18% of the Company’s total revenues for the three months ended September 30, 2014 and 2013, respectively. Sales to Panasonic through Tomen Electronics generated 15% and 13% of the Company’s total revenues for the nine months ended September 30, 2014 and 2013, respectively. |
Note_G_Derivative_Instruments
Note G - Derivative Instruments | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |||||||||||||||||
NOTE g—DERIVATIVE INSTRUMENTS | ||||||||||||||||||
The Company accounts for derivative instruments in accordance with FASB. ASC No. 815 “Derivatives and Hedging” (“ASC 815”). Due to the Company’s global operations, it is exposed to foreign currency exchange rate fluctuations in the normal course of its business. The Company’s treasury policy allows it to offset the risks associated with the effects of certain foreign currency exposures through the purchase of foreign exchange forward contracts and put options (collectively, “hedging contracts”). The policy, however, prohibits the Company from speculating on hedging contracts for profit. | ||||||||||||||||||
To protect against the increase in value of forecasted foreign currency cash flows resulting from salary and lease payments of its Israeli facilities denominated in the Israeli currency, the New Israeli Shekels (“NIS”), during the year, the Company instituted a foreign currency cash flow hedging program. The Company hedges portions of the anticipated payroll and lease payments denominated in NIS for a period of one to twelve months with hedging contracts. Accordingly, when the dollar strengthens against the foreign currencies, the decline in present value of future foreign currency expenses is offset by losses in the fair value of the hedging contracts. Conversely, when the dollar weakens, the increase in the present value of future foreign currency cash flows is offset by gains in the fair value of the hedging contracts. These hedging contracts are designated as cash flow hedges, as defined by ASC 815, and are all effective hedges of these expenses. | ||||||||||||||||||
In accordance with ASC 815, for derivative instruments that are designated and qualify as a cash flow hedge (i.e. hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the 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. As of September 30, 2014, the Company had outstanding foreign exchange forward contracts in the amount of $3,450 and outstanding option contracts in the amount of $11,725. These hedging contracts do not contain any credit-risk-related contingency features. See Note K for information on the fair value of these hedging contracts. | ||||||||||||||||||
The fair value of derivative assets and derivative liabilities were $32 and $456, respectively, at September 30, 2014. The Company recorded a net amount of $424 in accrued expenses and other accounts payable in the condensed consolidated balance sheets at September 30, 2014. | ||||||||||||||||||
The amount recorded as expense in research and development expenses, sales and marketing expenses and general and administrative expenses in the condensed consolidated statements of income for the nine months ended September 30, 2014 that resulted from the above referenced hedging transactions was $72, $7 and $13, respectively. The amount recorded as expense in research and development expenses, sales and marketing expenses and general and administrative expenses in the condensed consolidated statements of income for the three months ended September 30, 2014 that resulted from the above referenced hedging transactions was $76, $8 and $13, respectively. | ||||||||||||||||||
The fair value of the outstanding derivative instruments at September 30, 2014 and December 31, 2013 is summarized below: | ||||||||||||||||||
Fair Value of Derivative Instruments | ||||||||||||||||||
Balance Sheet Location | As of September 30, | As of December 31, | ||||||||||||||||
2014 | 2013 | |||||||||||||||||
Derivative Assets | ||||||||||||||||||
Foreign exchange forward contracts and put options | Accrued expenses and other accounts payable (*) | $ | 424 | $ | - | |||||||||||||
Total | $ | 424 | $ | - | ||||||||||||||
*) Estimated to be reclassified into earnings for the remainder of 2014 and in 2015. | ||||||||||||||||||
The effect of derivative instruments in cash flow hedging transactions on income and other comprehensive income (“OCI”) for the three and nine months ended September 30, 2013 and 2012 is summarized below: | ||||||||||||||||||
Gains (Losses) on Derivatives Recognized in OCI | ||||||||||||||||||
for the three months ended | for the nine months ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Foreign exchange forward contracts | $ | (528 | ) | $ | 93 | $ | (516 | ) | $ | 355 | ||||||||
Gains (Losses) Reclassified from OCI into Income | ||||||||||||||||||
for the three months ended | for the nine months ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
Location | 2014 | 2013 | 2014 | 2013 | ||||||||||||||
Foreign exchange forward contracts | Operating expenses | $ | (97 | ) | $ | 292 | $ | (92 | ) | $ | 695 | |||||||
Note_H_Contingencies
Note H - Contingencies | 9 Months Ended |
Sep. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
NOTE h—CONTINGENCIES | |
From time to time, the Company may become involved in litigation relating to claims arising from its ordinary course of business. Also, as is typical in the semiconductor industry, the Company has been and may from time to time be notified of claims that the Company may be infringing patents or intellectual property rights owned by third parties. The Company currently believes that there are no claims or actions pending or threatened against it, the ultimate disposition of which would have a material adverse effect on the Company. |
Note_I_Accounting_for_EquityBa
Note I - Accounting for Equity-Based Compensation | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||||||||||
NOTE i—ACCOUNTING FOR EQUITY-BASED COMPENSATION | |||||||||||||||||||||||||
Grants for Three Months ended September 30, 2013: | |||||||||||||||||||||||||
The weighted-average estimated fair value of restricted stock units (“RSUs”) granted during the three months ended September 30, 2014 and September 30, 2013 was $8.87 and $7.58 per share with the following weighted-average assumptions (annualized percentages): | |||||||||||||||||||||||||
Three months ended September 30, 2014 | Three months ended September 30, 2013 | ||||||||||||||||||||||||
Pre-vest cancellation rate | 4.57% | 3.66% | |||||||||||||||||||||||
Employee Stock Benefit Plans | |||||||||||||||||||||||||
As of September 30, 2013, the Company had two equity incentive plans from which the Company may grant future equity awards and three 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. As of September 30, 2014, approximately 404,000 shares of common stock remain available for grant under the Company’s employee stock purchase plan and 566,000 shares of common stock remain available for grant under the Company’s equity incentive plans. | |||||||||||||||||||||||||
The table below presents a summary of information relating to the Company’s stock option, SAR and RSU grants pursuant to its equity incentive plans: | |||||||||||||||||||||||||
Number of Options/SARs/RSUs | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term (years) (3) | Aggregate Value (*) | ||||||||||||||||||||||
in thousands | in thousands | ||||||||||||||||||||||||
Outstanding at June 30, 2014 | 6,173 | $ | 7.2 | ||||||||||||||||||||||
RSUs granted | 5 | - | |||||||||||||||||||||||
Options / SARs/RSUs cancelled/forfeited/expired | (89 | ) | $ | 17.49 | |||||||||||||||||||||
Options / SARs / RSUs exercised | (153 | ) | $ | 4.89 | |||||||||||||||||||||
Outstanding at September 30, 2014 (1) | 5,937 | $ | 7.1 | 3.02 | $ | 13,853 | |||||||||||||||||||
Exercisable at September 30, 2014 (2) | 4,233 | $ | 8.28 | 2.35 | $ | 5,738 | |||||||||||||||||||
(*) Calculation of aggregate intrinsic value is based on the share price of the Company’s common stock on September 30, 2014 ($8.87 per share). | |||||||||||||||||||||||||
(1) Due to the ceiling imposed on the SAR grants, the outstanding amount equals to a maximum of 4,432 shares of the Company’s common stock issuable upon exercise. 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 and before January 1, 2012 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 currently exercisable amount equals to a maximum of 2,920 shares of the Company’s common stock exercisable. | |||||||||||||||||||||||||
(3) Calculation of weighted average remaining contractual term does not include the RSUs that were granted, which have an indefinite contractual term. | |||||||||||||||||||||||||
Additional information about stock options, SARs and RSUs outstanding and exercisable at September 30, 2014 with exercise prices above $8.87 per share (the closing price of the Company’s common stock on September 30, 2014) is as follows (in thousands, except per share amounts): | |||||||||||||||||||||||||
Exercisable | Unexercisable | Total | |||||||||||||||||||||||
Exercise Prices | Number of Options/ SARs (in thousands) | Weighted Average Exercise Price | Number of Options/ SARs/RSUs (in thousands) | Weighted Average Exercise Price | Number of Options/ SARs/RSUs (in thousands) | Weighted Average Exercise Price | |||||||||||||||||||
Above $8.87 | 1,373 | $ | 11.22 | 124 | $ | 9.71 | 1,497 | $ | 11.09 | ||||||||||||||||
Less than $8.87 | 2,860 | $ | 6.86 | 1,580 | $ | 3.73 | 4,440 | $ | 5.75 | ||||||||||||||||
Total | 4,233 | $ | 8.28 | 1,704 | $ | 4.17 | 5,937 | $ | 7.1 | ||||||||||||||||
The Company’s aggregate equity-based compensation expense for the three months ended September 30, 2014 and 2013 totaled $1,296 and $1,045, respectively. The Company did not recognize any income tax benefits relating to its equity-based compensation expense for the three months ended September 30, 2014 and 2013. | |||||||||||||||||||||||||
The Company’s aggregate equity-based compensation expenses for the nine months ended September 30, 2014 and 2013 totaled $4,200 and $3,133, respectively. The Company did not recognize any income tax benefits relating to its equity-based compensation expense for the nine months ended September 30, 2014 and 2013. | |||||||||||||||||||||||||
As of September 30, 2014, there was $3,488 of total unrecognized equity-based compensation expenses related to unvested equity-based compensation awards granted under the Company’s equity incentive plans. This amount is expected to be recognized during the period from the remainder of 2014 through 2018. |
Note_J_Pension_Liability
Note J - Pension Liability | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||
NOTE j—Pension Liability | |||||||||
The information in this note represents the net periodic pension and post-retirement benefit costs and related components in accordance with FASB ASC No. 715 “Employers’ Disclosures about Pensions and Other Post-Retirement Benefits.” The components of net pension and post-retirement periodic benefit cost (income) for the nine months ended September 30, 2014 and 2013 are as follows (in thousands): | |||||||||
30-Sep-14 | 30-Sep-13 | ||||||||
Components of net periodic benefit cost | |||||||||
Service cost | $ | 12 | $ | 13 | |||||
Interest cost | 22 | 27 | |||||||
Expected return on plan assets | (4 | ) | (7 | ) | |||||
Net periodic benefit cost | $ | 30 | $ | 33 | |||||
The net pension liability as of September 30, 2014 amounted to $927. |
Note_K_Fair_Value_Measurements
Note K - Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Fair Value, Measurement Inputs, Disclosure [Text Block] | ' | ||||||||||||||||
NOTE K—FAIR VALUE MEASUREMENTS | |||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis: | |||||||||||||||||
The Company measures its cash equivalents, short-term deposits, marketable securities and foreign currency derivative contracts at fair value. Cash equivalents, short-term deposits and marketable securities are classified within Level 1 or Level 2 value hierarchies as they 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 assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2014: | |||||||||||||||||
Balance as of | Fair Value Measurements | ||||||||||||||||
September 30, | Level 1 | Level 2 | Level 3 | ||||||||||||||
2014 | |||||||||||||||||
Description | |||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents: | |||||||||||||||||
Time deposits | $ | 572 | - | $ | 572 | - | |||||||||||
Money market mutual funds | $ | 1,828 | $ | 1,828 | - | - | |||||||||||
Short-term marketable securities and cash deposits: | |||||||||||||||||
Corporate debt securities | $ | 6,520 | - | $ | 6,520 | - | |||||||||||
Time deposits | $ | 2,755 | - | $ | 2,755 | - | |||||||||||
Long-term marketable securities: | |||||||||||||||||
U.S. GSE securities | $ | 4,317 | - | $ | 4,317 | - | |||||||||||
Corporate debt securities | $ | 88,897 | - | $ | 88,897 | - | |||||||||||
Derivative liabilities | $ | (424 | ) | - | $ | (424 | ) | - | |||||||||
The following table provides information by value level for assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2013: | |||||||||||||||||
Fair Value Measurements | |||||||||||||||||
Balance as of December 31, | Level 1 | Level 2 | Level 3 | ||||||||||||||
2013 | |||||||||||||||||
Description | |||||||||||||||||
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 | - | |||||||||||
In addition to the assets and liabilities described above, the Company’s financial instruments also include cash and cash equivalents, restricted and short-term deposits, 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 values at September 30, 2014 due to the short-term maturity of these instruments. |
Note_L_Stockholders_Equity
Note L - Stockholders' Equity | 9 Months Ended |
Sep. 30, 2014 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
NOTE l—STOCKHOLDERS’ EQUITY | |
During the first nine months of 2014, the Company repurchased 1,414,226 shares of common stock at an average purchase price of $8.83 per share for an aggregate purchase price of $12,484. As of September 30, 2014, 1,203,601 shares of common stock remained authorized for repurchase under the Company's board-authorized share repurchase program. | |
Repurchases of common stock are accounted for as treasury stock, and result in a reduction of stockholders’ equity. When treasury shares are reissued, the Company accounts for the reissuance in accordance with Accounting Principles Board Opinion No. 6, “Status of Accounting Research Bulletins” and charges the excess of the repurchase cost over issuance price using the weighted average method to accumulated deficit. In the case where the repurchase cost over issuance price using the weighted average method is lower than the issuance price, the Company credits the difference to additional paid-in capital. | |
During the first nine months of 2014, the Company issued approximately 605,000 shares of common stock out of treasury stock to employees who exercised their stock options, SARs or RSUs, or purchased shares from the Company’s 1993 Employee Stock Purchase Plan. |
Note_M_Segment_Information
Note M - Segment Information | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||
note M—SEGMENT INFORMATION | |||||||||||||||||
Description of segments: | |||||||||||||||||
The Company 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. The 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. | |||||||||||||||||
Selected operating results information for each business segment was as follows for the three months ended September 30, 2014 and 2013: | |||||||||||||||||
Three months ended September 30 | |||||||||||||||||
Revenues | Income (loss) from | ||||||||||||||||
operations | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Home | $ | 32,292 | $ | 33,492 | $ | 5,957 | $ | 5,381 | |||||||||
Office | $ | 4,353 | $ | 1,889 | $ | (252 | ) | $ | (731 | ) | |||||||
Mobile | $ | 70 | $ | - | $ | (2,910 | ) | $ | (2,609 | ) | |||||||
Total | $ | 36,715 | $ | 35,381 | $ | 2,795 | $ | 2,041 | |||||||||
Selected operating results information for each business segment was as follows for the nine months ended September 30, 2014 and 2013: | |||||||||||||||||
Nine months ended September 30 | |||||||||||||||||
Revenues | Income (loss) from | ||||||||||||||||
operations | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Home | $ | 95,492 | $ | 109,146 | $ | 16,851 | $ | 19,650 | |||||||||
Office | $ | 10,315 | $ | 6,577 | $ | (985 | ) | $ | (4,321 | ) | |||||||
Mobile | $ | 70 | $ | - | $ | (8,865 | ) | $ | (7,369 | ) | |||||||
Total | $ | 105,877 | $ | 115,723 | $ | 7,001 | $ | 7,960 | |||||||||
The reconciliation of segment operating results information to the Company’s consolidated financial information was as follows for the three and nine months ended September 30, 2014: | |||||||||||||||||
Three months | Nine months | ||||||||||||||||
Income from operations | $ | 2,795 | $ | 7,001 | |||||||||||||
Unallocated corporate, general and administrative expenses | (526 | ) | (1,657 | ) | |||||||||||||
Proxy contest related expenses included in general and administrative expenses | - | - | |||||||||||||||
Equity-based compensation expenses | (1,296 | ) | (4,200 | ) | |||||||||||||
Intangible assets amortization expenses | (397 | ) | (1,191 | ) | |||||||||||||
Financial income, net | 186 | 895 | |||||||||||||||
Total consolidated income before taxes | $ | 762 | $ | 848 | |||||||||||||
The reconciliation of segment operating results information to the Company’s consolidated financial information was as follows for the three and nine months ended September 30, 2013: | |||||||||||||||||
Three months | Nine months | ||||||||||||||||
Income from operations | $ | 2,041 | $ | 7,960 | |||||||||||||
Unallocated corporate, general and administrative expenses | (681 | ) | (1,770 | ) | |||||||||||||
Proxy contest related expenses included in general and administrative expenses | - | (1,403 | ) | ||||||||||||||
Equity-based compensation expenses | (1,045 | ) | (3,133 | ) | |||||||||||||
Intangible assets amortization expenses | (418 | ) | (1,254 | ) | |||||||||||||
Financial income, net | 512 | 1,837 | |||||||||||||||
Total consolidated income before taxes | $ | 409 | $ | 2,237 | |||||||||||||
Note_N_Accumulated_Other_Compr
Note N - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Accumulated Other Comprehensive Income Loss [Abstract] | ' | ||||||||||||||||||||
Accumulated Other Comprehensive Income Loss [Text Block] | ' | ||||||||||||||||||||
NOTE N —ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended September 30, 2014: | |||||||||||||||||||||
Unrealized | Unrealized | Unrealized | Unrealized | Total | |||||||||||||||||
gains (losses) on available-for-sale marketable securities | gains | gains | gains | ||||||||||||||||||
(losses) on | (losses) on components of defined | (losses) on | |||||||||||||||||||
Cash Flow | benefit | foreign | |||||||||||||||||||
Hedges | plans | currency | |||||||||||||||||||
translation | |||||||||||||||||||||
Beginning balance | $ | (186 | ) | $ | 7 | $ | (232 | ) | $ | (198 | ) | $ | (609 | ) | |||||||
Other comprehensive income (loss) before reclassifications | (404 | ) | (528 | ) | - | 5 | (927 | ) | |||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 3 | 97 | 3 | - | 103 | ||||||||||||||||
Net current period other comprehensive income (loss) | (401 | ) | (431 | ) | 3 | 5 | (824 | ) | |||||||||||||
Ending balance | $ | (587 | ) | $ | (424 | ) | $ | (229 | ) | (193 | ) | $ | (1,433 | ) | |||||||
The following table provides details about reclassifications out of accumulated other comprehensive income for the three months ended September 30, 2014: | |||||||||||||||||||||
Details about Accumulated Other Comprehensive | Amount | Affected Line Item in the | |||||||||||||||||||
Income (Loss) Components | Reclassified from | Statement of Income (Loss) | |||||||||||||||||||
Accumulated Other | |||||||||||||||||||||
Comprehensive | |||||||||||||||||||||
Income (Loss) | |||||||||||||||||||||
(In millions) | |||||||||||||||||||||
Loss on available-for-sale marketable securities | $ | 3 | Financial income, net | ||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
3 | Total, net of income taxes | ||||||||||||||||||||
Losses on cash flow hedges - | |||||||||||||||||||||
77 | Research and development | ||||||||||||||||||||
7 | Sales and marketing | ||||||||||||||||||||
13 | General and administrative | ||||||||||||||||||||
97 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
97 | Total, net of income taxes | ||||||||||||||||||||
Losses on components of defined benefit plans | 2 | Research and development | |||||||||||||||||||
1 | Sales and marketing | ||||||||||||||||||||
3 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
3 | Total, net of income taxes | ||||||||||||||||||||
Total reclassifications for the period | 103 | Total, net of income taxes | |||||||||||||||||||
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the nine months ended September 30, 2014: | |||||||||||||||||||||
Unrealized | Unrealized | Unrealized | Unrealized | Total | |||||||||||||||||
gains (losses) on available-for-sale marketable securities | gains | gains | gains | ||||||||||||||||||
(losses) on | (losses) on components | (losses) on | |||||||||||||||||||
Cash Flow | of defined | foreign currency translation | |||||||||||||||||||
Hedges | benefit | ||||||||||||||||||||
plans | |||||||||||||||||||||
Beginning balance | $ | (391 | ) | $ | - | $ | (237 | ) | $ | (193 | ) | $ | (821 | ) | |||||||
Other comprehensive income (loss) before reclassifications | (134 | ) | (516 | ) | - | (1 | ) | (651 | ) | ||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (62 | ) | 92 | 9 | - | 39 | |||||||||||||||
Net current period other comprehensive income (loss) | (196 | ) | (424 | ) | 9 | (1 | ) | (612 | ) | ||||||||||||
Ending balance | $ | (587 | ) | $ | (424 | ) | $ | (228 | ) | (194 | ) | $ | (1,433 | ) | |||||||
The following table provides details about reclassifications out of accumulated other comprehensive income (loss) for the nine months ended September 30, 2014: | |||||||||||||||||||||
Details about Accumulated Other Comprehensive | Amount | Affected Line Item in the Statement of Income (Loss) | |||||||||||||||||||
Income (Loss) Components | Reclassified from | ||||||||||||||||||||
Accumulated Other | |||||||||||||||||||||
Comprehensive | |||||||||||||||||||||
Income (Loss) | |||||||||||||||||||||
(In millions) | |||||||||||||||||||||
Gains on available-for-sale marketable securities | $ | (62 | ) | Financial income, net | |||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
(62 | ) | Total, net of income taxes | |||||||||||||||||||
Gains on cash flow hedges | |||||||||||||||||||||
72 | Research and development | ||||||||||||||||||||
7 | Sales and marketing | ||||||||||||||||||||
13 | General and administrative | ||||||||||||||||||||
92 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
92 | Total, net of income taxes | ||||||||||||||||||||
Losses on components of defined benefit plans | 5 | Research and development | |||||||||||||||||||
4 | Sales and marketing | ||||||||||||||||||||
9 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
9 | Total, net of income taxes | ||||||||||||||||||||
Total reclassifications for the period | 39 | Total, net of income taxes | |||||||||||||||||||
Note_O_Government_Grants
Note O - Government Grants | 9 Months Ended |
Sep. 30, 2014 | |
Government Grants [Abstract] | ' |
Government Grants [Text Block] | ' |
NOTE O – 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 in the amount of $460 and $1,200 for the three months ended September 30, 2014 and 2013, respectively. | |
The Company recorded grants in the amount of $2,500 and $1,260 for the nine months ended September 30, 2014 and 2013, respectively. | |
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. In addition, the Company may be required to repay up to six times the amount of the grants if the technology that was developed using those grants is sold directly or indirectly. |
Note_B_Inventories_Tables
Note B - Inventories (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Schedule of Inventory, Current [Table Text Block] | ' | ||||||||
30-Sep-14 | 31-Dec-13 | ||||||||
(Unaudited) | (Audited) | ||||||||
Work-in-process | $ | 7,311 | $ | 5,412 | |||||
Finished goods | 6,597 | 6,922 | |||||||
$ | 13,908 | $ | 12,334 |
Note_C_Net_Income_Loss_Per_Sha1
Note C - Net Income (Loss) Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Unaudited | |||||||||||||||||
Net income | $ | 773 | $ | 398 | $ | 873 | $ | 2,320 | |||||||||
Net income per share: | |||||||||||||||||
Basic | $ | 0.04 | $ | 0.02 | $ | 0.04 | $ | 0.1 | |||||||||
Diluted | $ | 0.03 | $ | 0.02 | $ | 0.04 | $ | 0.1 | |||||||||
Weighted average number of shares of common stock outstanding during the period used to compute basic net income per share (in thousands) | 21,830 | 22,522 | 22,064 | 22,159 | |||||||||||||
Incremental shares attributable to exercise of outstanding options, stock appreciation rights and restricted shares units (assuming proceeds would be used to purchase treasury stock) (in thousands) | 1,243 | 526 | 765 | 564 | |||||||||||||
Weighted average number of shares of common stock used to compute diluted net income per share (in thousands) | 23,073 | 23,048 | 22,829 | 22,723 |
Note_D_Marketable_Securities_A1
Note D - Marketable Securities And Time Deposits (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized cost | Unrealized gains (losses), net | Estimated fair value | |||||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
(Unaudited) | (Audited) | (Unaudited) | (Audited) | (Unaudited) | (Audited) | ||||||||||||||||||||
Short -term deposits | $ | 2,755 | $ | 2,911 | $ | - | $ | - | $ | 2,755 | $ | 2,911 | |||||||||||||
U.S. GSE securities | 4,315 | 3,093 | 2 | (11 | ) | 4,317 | 3,082 | ||||||||||||||||||
Corporate obligations | 96,006 | 98,444 | (589 | ) | (380 | ) | 95,417 | 98,064 | |||||||||||||||||
$ | 103,076 | $ | 104,448 | $ | (587 | ) | $ | (391 | ) | $ | 102,489 | $ | 104,057 | ||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Unrealized gains (losses) | |||||||||||||||||||||||||
Amortized | Gains | Losses | Estimated | ||||||||||||||||||||||
cost | fair value | ||||||||||||||||||||||||
Due in one year or less | $ | 9,266 | $ | 9 | $ | - | $ | 9,275 | |||||||||||||||||
Due after one year to five years | 93,810 | 125 | (721 | ) | 93,214 | ||||||||||||||||||||
$ | 103,076 | $ | 134 | $ | (721 | ) | $ | 102,489 |
Note_G_Derivative_Instruments_
Note G - Derivative Instruments (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | ' | |||||||||||||||||
Fair Value of Derivative Instruments | ||||||||||||||||||
Balance Sheet Location | As of September 30, | As of December 31, | ||||||||||||||||
2014 | 2013 | |||||||||||||||||
Derivative Assets | ||||||||||||||||||
Foreign exchange forward contracts and put options | Accrued expenses and other accounts payable (*) | $ | 424 | $ | - | |||||||||||||
Total | $ | 424 | $ | - | ||||||||||||||
Derivative Instruments, Gain (Loss) [Table Text Block] | ' | |||||||||||||||||
Gains (Losses) on Derivatives Recognized in OCI | ||||||||||||||||||
for the three months ended | for the nine months ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Foreign exchange forward contracts | $ | (528 | ) | $ | 93 | $ | (516 | ) | $ | 355 | ||||||||
Gains (Losses) Reclassified from OCI into Income | ||||||||||||||||||
for the three months ended | for the nine months ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
Location | 2014 | 2013 | 2014 | 2013 | ||||||||||||||
Foreign exchange forward contracts | Operating expenses | $ | (97 | ) | $ | 292 | $ | (92 | ) | $ | 695 |
Note_I_Accounting_for_EquityBa1
Note I - Accounting for Equity-Based Compensation (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||||||||||
Three months ended September 30, 2014 | Three months ended September 30, 2013 | ||||||||||||||||||||||||
Pre-vest cancellation rate | 4.57% | 3.66% | |||||||||||||||||||||||
Schedule of Share-based Compensation, Activity [Table Text Block] | ' | ||||||||||||||||||||||||
Number of Options/SARs/RSUs | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term (years) (3) | Aggregate Value (*) | ||||||||||||||||||||||
in thousands | in thousands | ||||||||||||||||||||||||
Outstanding at June 30, 2014 | 6,173 | $ | 7.2 | ||||||||||||||||||||||
RSUs granted | 5 | - | |||||||||||||||||||||||
Options / SARs/RSUs cancelled/forfeited/expired | (89 | ) | $ | 17.49 | |||||||||||||||||||||
Options / SARs / RSUs exercised | (153 | ) | $ | 4.89 | |||||||||||||||||||||
Outstanding at September 30, 2014 (1) | 5,937 | $ | 7.1 | 3.02 | $ | 13,853 | |||||||||||||||||||
Exercisable at September 30, 2014 (2) | 4,233 | $ | 8.28 | 2.35 | $ | 5,738 | |||||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | ||||||||||||||||||||||||
Exercisable | Unexercisable | Total | |||||||||||||||||||||||
Exercise Prices | Number of Options/ SARs (in thousands) | Weighted Average Exercise Price | Number of Options/ SARs/RSUs (in thousands) | Weighted Average Exercise Price | Number of Options/ SARs/RSUs (in thousands) | Weighted Average Exercise Price | |||||||||||||||||||
Above $8.87 | 1,373 | $ | 11.22 | 124 | $ | 9.71 | 1,497 | $ | 11.09 | ||||||||||||||||
Less than $8.87 | 2,860 | $ | 6.86 | 1,580 | $ | 3.73 | 4,440 | $ | 5.75 | ||||||||||||||||
Total | 4,233 | $ | 8.28 | 1,704 | $ | 4.17 | 5,937 | $ | 7.1 |
Note_J_Pension_Liability_Table
Note J - Pension Liability (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||
30-Sep-14 | 30-Sep-13 | ||||||||
Components of net periodic benefit cost | |||||||||
Service cost | $ | 12 | $ | 13 | |||||
Interest cost | 22 | 27 | |||||||
Expected return on plan assets | (4 | ) | (7 | ) | |||||
Net periodic benefit cost | $ | 30 | $ | 33 |
Note_K_Fair_Value_Measurements1
Note K - Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
Balance as of | Fair Value Measurements | ||||||||||||||||
September 30, | Level 1 | Level 2 | Level 3 | ||||||||||||||
2014 | |||||||||||||||||
Description | |||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents: | |||||||||||||||||
Time deposits | $ | 572 | - | $ | 572 | - | |||||||||||
Money market mutual funds | $ | 1,828 | $ | 1,828 | - | - | |||||||||||
Short-term marketable securities and cash deposits: | |||||||||||||||||
Corporate debt securities | $ | 6,520 | - | $ | 6,520 | - | |||||||||||
Time deposits | $ | 2,755 | - | $ | 2,755 | - | |||||||||||
Long-term marketable securities: | |||||||||||||||||
U.S. GSE securities | $ | 4,317 | - | $ | 4,317 | - | |||||||||||
Corporate debt securities | $ | 88,897 | - | $ | 88,897 | - | |||||||||||
Derivative liabilities | $ | (424 | ) | - | $ | (424 | ) | - | |||||||||
Fair Value Measurements | |||||||||||||||||
Balance as of December 31, | Level 1 | Level 2 | Level 3 | ||||||||||||||
2013 | |||||||||||||||||
Description | |||||||||||||||||
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 | - |
Note_M_Segment_Information_Tab
Note M - Segment Information (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||
Three months ended September 30 | |||||||||||||||||
Revenues | Income (loss) from | ||||||||||||||||
operations | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Home | $ | 32,292 | $ | 33,492 | $ | 5,957 | $ | 5,381 | |||||||||
Office | $ | 4,353 | $ | 1,889 | $ | (252 | ) | $ | (731 | ) | |||||||
Mobile | $ | 70 | $ | - | $ | (2,910 | ) | $ | (2,609 | ) | |||||||
Total | $ | 36,715 | $ | 35,381 | $ | 2,795 | $ | 2,041 | |||||||||
Nine months ended September 30 | |||||||||||||||||
Revenues | Income (loss) from | ||||||||||||||||
operations | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Home | $ | 95,492 | $ | 109,146 | $ | 16,851 | $ | 19,650 | |||||||||
Office | $ | 10,315 | $ | 6,577 | $ | (985 | ) | $ | (4,321 | ) | |||||||
Mobile | $ | 70 | $ | - | $ | (8,865 | ) | $ | (7,369 | ) | |||||||
Total | $ | 105,877 | $ | 115,723 | $ | 7,001 | $ | 7,960 | |||||||||
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | ' | ||||||||||||||||
Three months | Nine months | ||||||||||||||||
Income from operations | $ | 2,795 | $ | 7,001 | |||||||||||||
Unallocated corporate, general and administrative expenses | (526 | ) | (1,657 | ) | |||||||||||||
Proxy contest related expenses included in general and administrative expenses | - | - | |||||||||||||||
Equity-based compensation expenses | (1,296 | ) | (4,200 | ) | |||||||||||||
Intangible assets amortization expenses | (397 | ) | (1,191 | ) | |||||||||||||
Financial income, net | 186 | 895 | |||||||||||||||
Total consolidated income before taxes | $ | 762 | $ | 848 | |||||||||||||
Three months | Nine months | ||||||||||||||||
Income from operations | $ | 2,041 | $ | 7,960 | |||||||||||||
Unallocated corporate, general and administrative expenses | (681 | ) | (1,770 | ) | |||||||||||||
Proxy contest related expenses included in general and administrative expenses | - | (1,403 | ) | ||||||||||||||
Equity-based compensation expenses | (1,045 | ) | (3,133 | ) | |||||||||||||
Intangible assets amortization expenses | (418 | ) | (1,254 | ) | |||||||||||||
Financial income, net | 512 | 1,837 | |||||||||||||||
Total consolidated income before taxes | $ | 409 | $ | 2,237 |
Note_N_Accumulated_Other_Compr1
Note N - Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Accumulated Other Comprehensive Income Loss [Abstract] | ' | ||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||
Unrealized | Unrealized | Unrealized | Unrealized | Total | |||||||||||||||||
gains (losses) on available-for-sale marketable securities | gains | gains | gains | ||||||||||||||||||
(losses) on | (losses) on components of defined | (losses) on | |||||||||||||||||||
Cash Flow | benefit | foreign | |||||||||||||||||||
Hedges | plans | currency | |||||||||||||||||||
translation | |||||||||||||||||||||
Beginning balance | $ | (186 | ) | $ | 7 | $ | (232 | ) | $ | (198 | ) | $ | (609 | ) | |||||||
Other comprehensive income (loss) before reclassifications | (404 | ) | (528 | ) | - | 5 | (927 | ) | |||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 3 | 97 | 3 | - | 103 | ||||||||||||||||
Net current period other comprehensive income (loss) | (401 | ) | (431 | ) | 3 | 5 | (824 | ) | |||||||||||||
Ending balance | $ | (587 | ) | $ | (424 | ) | $ | (229 | ) | (193 | ) | $ | (1,433 | ) | |||||||
Unrealized | Unrealized | Unrealized | Unrealized | Total | |||||||||||||||||
gains (losses) on available-for-sale marketable securities | gains | gains | gains | ||||||||||||||||||
(losses) on | (losses) on components | (losses) on | |||||||||||||||||||
Cash Flow | of defined | foreign currency translation | |||||||||||||||||||
Hedges | benefit | ||||||||||||||||||||
plans | |||||||||||||||||||||
Beginning balance | $ | (391 | ) | $ | - | $ | (237 | ) | $ | (193 | ) | $ | (821 | ) | |||||||
Other comprehensive income (loss) before reclassifications | (134 | ) | (516 | ) | - | (1 | ) | (651 | ) | ||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (62 | ) | 92 | 9 | - | 39 | |||||||||||||||
Net current period other comprehensive income (loss) | (196 | ) | (424 | ) | 9 | (1 | ) | (612 | ) | ||||||||||||
Ending balance | $ | (587 | ) | $ | (424 | ) | $ | (228 | ) | (194 | ) | $ | (1,433 | ) | |||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | ||||||||||||||||||||
Details about Accumulated Other Comprehensive | Amount | Affected Line Item in the | |||||||||||||||||||
Income (Loss) Components | Reclassified from | Statement of Income (Loss) | |||||||||||||||||||
Accumulated Other | |||||||||||||||||||||
Comprehensive | |||||||||||||||||||||
Income (Loss) | |||||||||||||||||||||
(In millions) | |||||||||||||||||||||
Loss on available-for-sale marketable securities | $ | 3 | Financial income, net | ||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
3 | Total, net of income taxes | ||||||||||||||||||||
Losses on cash flow hedges - | |||||||||||||||||||||
77 | Research and development | ||||||||||||||||||||
7 | Sales and marketing | ||||||||||||||||||||
13 | General and administrative | ||||||||||||||||||||
97 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
97 | Total, net of income taxes | ||||||||||||||||||||
Losses on components of defined benefit plans | 2 | Research and development | |||||||||||||||||||
1 | Sales and marketing | ||||||||||||||||||||
3 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
3 | Total, net of income taxes | ||||||||||||||||||||
Total reclassifications for the period | 103 | Total, net of income taxes | |||||||||||||||||||
Details about Accumulated Other Comprehensive | Amount | Affected Line Item in the Statement of Income (Loss) | |||||||||||||||||||
Income (Loss) Components | Reclassified from | ||||||||||||||||||||
Accumulated Other | |||||||||||||||||||||
Comprehensive | |||||||||||||||||||||
Income (Loss) | |||||||||||||||||||||
(In millions) | |||||||||||||||||||||
Gains on available-for-sale marketable securities | $ | (62 | ) | Financial income, net | |||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
(62 | ) | Total, net of income taxes | |||||||||||||||||||
Gains on cash flow hedges | |||||||||||||||||||||
72 | Research and development | ||||||||||||||||||||
7 | Sales and marketing | ||||||||||||||||||||
13 | General and administrative | ||||||||||||||||||||
92 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
92 | Total, net of income taxes | ||||||||||||||||||||
Losses on components of defined benefit plans | 5 | Research and development | |||||||||||||||||||
4 | Sales and marketing | ||||||||||||||||||||
9 | Total, before income taxes | ||||||||||||||||||||
- | Provision for income taxes | ||||||||||||||||||||
9 | Total, net of income taxes | ||||||||||||||||||||
Total reclassifications for the period | 39 | Total, net of income taxes |
Note_B_Inventories_Details
Note B - Inventories (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Inventory Disclosure [Abstract] | ' | ' |
Inventory Write-down | $48 | $177 |
Note_B_Inventories_Details_Com
Note B - Inventories (Details) - Components of Inventories (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Components of Inventories [Abstract] | ' | ' |
Work-in-process | $7,311 | $5,412 |
Finished goods | 6,597 | 6,922 |
$13,908 | $12,334 |
Note_C_Net_Income_Loss_Per_Sha2
Note C - Net Income (Loss) Per Share (Details) - Net Income (Loss) Per Share (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net Income (Loss) Per Share [Abstract] | ' | ' | ' | ' |
Net income (in Dollars) | $773 | $398 | $873 | $2,320 |
Net income per share: | ' | ' | ' | ' |
Basic (in Dollars per share) | $0.04 | $0.02 | $0.04 | $0.10 |
Diluted (in Dollars per share) | $0.03 | $0.02 | $0.04 | $0.10 |
Weighted average number of shares of common stock outstanding during the period used to compute basic net income per share (in thousands) | 21,830 | 22,522 | 22,064 | 22,159 |
Incremental shares attributable to exercise of outstanding options, stock appreciation rights and restricted shares units (assuming proceeds would be used to purchase treasury stock) (in thousands) | 1,243 | 526 | 765 | 564 |
Weighted average number of shares of common stock used to compute diluted net income per share (in thousands) | 23,073 | 23,048 | 22,829 | 22,723 |
Note_D_Marketable_Securities_A2
Note D - Marketable Securities And Time Deposits (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Investments, Debt and Equity Securities [Abstract] | ' | ' |
Marketable Securities, Realized Loss, Other than Temporary Impairments, Amount | $0 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 68,921,000 | ' |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 721,000 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 149,000 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 572,000 | ' |
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities | 9,896,000 | 15,180,000 |
Proceeds from Sale of Available-for-sale Securities | 40,821,000 | 27,814,000 |
Available-for-sale Securities, Gross Realized Gains | $62,000 | $726,000 |
Note_D_Marketable_Securities_A3
Note D - Marketable Securities And Time Deposits (Details) - Available-for-sale Securities and Short-term Deposits (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | $103,076 | $104,448 |
Unrealized gains (losses), net | -587 | -391 |
Estimated fair value | 102,489 | 104,057 |
Short-term Deposits [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 2,755 | 2,911 |
Estimated fair value | 2,755 | 2,911 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 4,315 | 3,093 |
Unrealized gains (losses), net | 2 | -11 |
Estimated fair value | 4,317 | 3,082 |
Corporate Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 96,006 | 98,444 |
Unrealized gains (losses), net | -589 | -380 |
Estimated fair value | $95,417 | $98,064 |
Note_D_Marketable_Securities_A4
Note D - Marketable Securities And Time Deposits (Details) - Amortized Cost of Short and Long-term Deposits and Available-for-sale Debt Securities by Contractual Maturities (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note D - Marketable Securities And Time Deposits (Details) - Amortized Cost of Short and Long-term Deposits and Available-for-sale Debt Securities by Contractual Maturities [Line Items] | ' | ' |
Amortized cost | $103,076 | $104,448 |
Estimated fair value | 102,489 | 104,057 |
Debt Securities [Member] | Due in One Year or Less [Member] | ' | ' |
Note D - Marketable Securities And Time Deposits (Details) - Amortized Cost of Short and Long-term Deposits and Available-for-sale Debt Securities by Contractual Maturities [Line Items] | ' | ' |
Amortized cost | 9,266 | ' |
Unrealized gains | 9 | ' |
Estimated fair value | 9,275 | ' |
Debt Securities [Member] | Due After One Year to Six Years [Member] | ' | ' |
Note D - Marketable Securities And Time Deposits (Details) - Amortized Cost of Short and Long-term Deposits and Available-for-sale Debt Securities by Contractual Maturities [Line Items] | ' | ' |
Amortized cost | 93,810 | ' |
Unrealized gains | 125 | ' |
Unrealized losses | -721 | ' |
Estimated fair value | 93,214 | ' |
Debt Securities [Member] | ' | ' |
Note D - Marketable Securities And Time Deposits (Details) - Amortized Cost of Short and Long-term Deposits and Available-for-sale Debt Securities by Contractual Maturities [Line Items] | ' | ' |
Amortized cost | 103,076 | ' |
Unrealized gains | 134 | ' |
Unrealized losses | -721 | ' |
Estimated fair value | $102,489 | ' |
Note_E_Taxes_On_Income_Details
Note E - Taxes On Income (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |||
Income Tax Disclosure [Abstract] | ' | ' | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | ' | $1,833 | $1,892 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $408 | $432 | ' |
Note_F_Significant_Customers_D
Note F - Significant Customers (Details) (Sales Revenue, Net [Member], Customer Concentration Risk [Member]) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Vtech Holdings Ltd [Member] | ' | ' | ' | ' |
Note F - Significant Customers (Details) [Line Items] | ' | ' | ' | ' |
Concentration Risk, Percentage | 34.00% | 35.00% | 36.00% | 36.00% |
Tomen Electronics Corporation [Member] | ' | ' | ' | ' |
Note F - Significant Customers (Details) [Line Items] | ' | ' | ' | ' |
Concentration Risk, Percentage | 22.00% | 24.00% | 21.00% | 18.00% |
Panasonic Communications Corporation [Member] | ' | ' | ' | ' |
Note F - Significant Customers (Details) [Line Items] | ' | ' | ' | ' |
Concentration Risk, Percentage | 17.00% | 18.00% | 15.00% | 13.00% |
Note_G_Derivative_Instruments_1
Note G - Derivative Instruments (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | ||
In Thousands, unless otherwise specified | Research and Development Expense [Member] | Research and Development Expense [Member] | Selling and Marketing Expense [Member] | Selling and Marketing Expense [Member] | General and Administrative Expense [Member] | General and Administrative Expense [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Option [Member] | Foreign Exchange Forward Contracts and Put Options [Member] | Foreign Exchange Forward Contracts and Put Options [Member] | Minimum [Member] | Maximum [Member] | |||
Accounts Payable and Accrued Liabilities [Member] | Accounts Payable and Accrued Liabilities [Member] | ||||||||||||||
Note G - Derivative Instruments (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Derivative Instrument Hedging Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 month | '12 months | ||
Price Risk Cash Flow Hedge Asset, at Fair Value | ' | ' | ' | ' | ' | ' | ' | $3,450 | $11,725 | ' | ' | ' | ' | ||
Derivative Asset | 32 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Derivative Liability | 456 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Derivative Assets (Liabilities), at Fair Value, Net | -424 | ' | ' | ' | ' | ' | ' | ' | ' | -424 | [1] | ' | [1] | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | $76 | $72 | $8 | $7 | $13 | $13 | ' | ' | ' | ' | ' | ' | ||
[1] | Estimated to be reclassified into earnings for the remainder of 2014 and in 2015. |
Note_G_Derivative_Instruments_2
Note G - Derivative Instruments (Details) - The Fair Value of the Derivative Instruments (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Derivatives, Fair Value [Line Items] | ' | ' | ||
Derivatives | $424 | ' | ||
Foreign Exchange Forward Contracts and Put Options [Member] | Accounts Payable and Accrued Liabilities [Member] | ' | ' | ||
Derivatives, Fair Value [Line Items] | ' | ' | ||
Derivatives | $424 | [1] | ' | [1] |
[1] | Estimated to be reclassified into earnings for the remainder of 2014 and in 2015. |
Note_G_Derivative_Instruments_3
Note G - Derivative Instruments (Details) - Effect of Derivative Instruments in Cash Flow Hedging Transactions on Income and Other Comprehensive Income (Gains (Losses) on Derivatives Recognized in OCI [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Gains (Losses) on Derivatives Recognized in OCI [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Foreign exchange forward contracts | ($528) | $93 | ($516) | $355 |
Foreign exchange forward contracts | ($97) | $292 | ($92) | $695 |
Note_I_Accounting_for_EquityBa2
Note I - Accounting for Equity-Based Compensation (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 1 Months Ended | ||||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Jan. 31, 2012 | Jan. 31, 2011 | Jan. 31, 2010 | Jan. 31, 2009 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 |
Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Expired Equity Incentive Plans [Member] | Employee Stock Purchase Plan [Member] | Equity Incentive Plans [Member] | |||||
Note I - Accounting for Equity-Based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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) | ' | ' | ' | ' | $8.87 | $7.58 | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Equity Incentive Plans | 2 | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement byShare-based Payment Award, Number of Expired Equity Incentive Plans | 3 | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Employee Purchase Plans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 404,000 | 566,000 |
Share Price (in Dollars per share) | $8.87 | ' | $8.87 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares To Be Issued Upon Exercise Of Outstanding Awards (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,432 | ' | ' | ' |
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 Options And Stock Appreciation Rights Exercisable Number (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,920 | ' | ' | ' |
Allocated Share-based Compensation Expense (in Dollars) | $1,296 | $1,045 | $4,200 | $3,133 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,488 |
Note_I_Accounting_for_EquityBa3
Note I - Accounting for Equity-Based Compensation (Details) - Weighted Average Assumptions | 3 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Weighted Average Assumptions [Abstract] | ' | ' |
Pre-vest cancellation rate | 4.57% | 3.66% |
Note_I_Accounting_for_EquityBa4
Note I - Accounting for Equity-Based Compensation (Details) - Company’s Stock Option, SAR and Restricted Stock Unit Grants to Equity Incentive Plans (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | |
Company’s Stock Option, SAR and Restricted Stock Unit Grants to Equity Incentive Plans [Abstract] | ' | |
Outstanding at June 30, 2014 | 6,173 | |
Outstanding at June 30, 2014 (in Dollars per share) | $7.20 | |
RSUs granted | 5 | |
Options / SARs/RSUs cancelled/forfeited/expired | -89 | |
Options / SARs/RSUs cancelled/forfeited/expired (in Dollars per share) | $17.49 | |
Options / SARs / RSUs exercised | -153 | |
Options / SARs / RSUs exercised (in Dollars per share) | $4.89 | |
Outstanding at September 30, 2014 (1) | 5,937 | [1] |
Outstanding at September 30, 2014 (1) (in Dollars per share) | $7.10 | [1] |
Outstanding at September 30, 2014 (1) | '3 years 7 days | [1],[2] |
Outstanding at September 30, 2014 (1) (in Dollars) | $13,853 | [1],[3] |
Exercisable at September 30, 2014 (2) | 4,233 | [4] |
Exercisable at September 30, 2014 (2) (in Dollars per share) | $8.28 | [4] |
Exercisable at September 30, 2014 (2) | '2 years 127 days | [2],[4] |
Exercisable at September 30, 2014 (2) (in Dollars) | $5,738 | [3],[4] |
[1] | Due to the ceiling imposed on the SAR grants, the outstanding amount equals to a maximum of 4,432 shares of the Company's common stock issuable upon exercise. 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 and before January 1, 2012 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] | Calculation of weighted average remaining contractual term does not include the RSUs that were granted, which have an indefinite contractual term. | |
[3] | Calculation of aggregate intrinsic value is based on the share price of the Company's common stock on September 30, 2014 ($8.87 per share). | |
[4] | Due to the ceiling imposed on the SAR grants, the currently exercisable amount equals to a maximum of 2,920 shares of the Company's common stock exercisable. |
Note_I_Accounting_for_EquityBa5
Note I - Accounting for Equity-Based Compensation (Details) - Company's Stock Options and SAR Units Outstanding and Exercisable (USD $) | Sep. 30, 2014 |
In Thousands, except Per Share data, unless otherwise specified | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercisable, Number of Options/ SARs/ RSUs | 4,233 |
Exercisable, Weighted Average Exercise Price | $8.28 |
Unexercisable, Number of Options/ SARs/ RSUs | 1,704 |
Unexercisable, Weighted Average Exercise Price | $4.17 |
Total, Number of Options/ SARs/ RSUs | 5,937 |
Total, Weighted Average Exercise Price | $7.10 |
Range 1 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercisable, Number of Options/ SARs/ RSUs | 1,373 |
Exercisable, Weighted Average Exercise Price | $11.22 |
Unexercisable, Number of Options/ SARs/ RSUs | 124 |
Unexercisable, Weighted Average Exercise Price | $9.71 |
Total, Number of Options/ SARs/ RSUs | 1,497 |
Total, Weighted Average Exercise Price | $11.09 |
Range 2 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercisable, Number of Options/ SARs/ RSUs | 2,860 |
Exercisable, Weighted Average Exercise Price | $6.86 |
Unexercisable, Number of Options/ SARs/ RSUs | 1,580 |
Unexercisable, Weighted Average Exercise Price | $3.73 |
Total, Number of Options/ SARs/ RSUs | 4,440 |
Total, Weighted Average Exercise Price | $5.75 |
Note_J_Pension_Liability_Detai
Note J - Pension Liability (Details) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Compensation and Retirement Disclosure [Abstract] | ' |
Pension Expense | $927 |
Note_J_Pension_Liability_Detai1
Note J - Pension Liability (Details) - Components of Net Pension and Post-Retirement Periodic Benefit Costs (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Components of Net Pension and Post-Retirement Periodic Benefit Costs [Abstract] | ' | ' |
Service cost | $12 | $13 |
Interest cost | 22 | 27 |
Expected return on plan assets | -4 | -7 |
Net periodic benefit cost | $30 | $33 |
Note_K_Fair_Value_Measurements2
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Derivative liabilities | ($424) | ' |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Short-term marketable securities and cash deposits | 6,520 | 10,733 |
Long-term marketable securities | 88,897 | 87,331 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Short-term marketable securities and cash deposits | 6,520 | 10,733 |
Long-term marketable securities | 88,897 | 87,331 |
Time Deposits [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Short-term marketable securities and cash deposits | 2,755 | 2,911 |
Time Deposits [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Short-term marketable securities and cash deposits | 2,755 | 2,911 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Short-term marketable securities and cash deposits | ' | 251 |
Long-term marketable securities | 4,317 | 2,831 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Short-term marketable securities and cash deposits | ' | 251 |
Long-term marketable securities | 4,317 | 2,831 |
Fair Value, Inputs, Level 1 [Member] | Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Cash equivalents | 1,828 | 3,762 |
Fair Value, Inputs, Level 2 [Member] | Bank Time Deposits [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Cash equivalents | 572 | 913 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Derivative liabilities | -424 | ' |
Bank Time Deposits [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Cash equivalents | 572 | 913 |
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note K - Fair Value Measurements (Details) - Fair Value Measurements of Assets and Liabilities on Recurring Basis [Line Items] | ' | ' |
Cash equivalents | $1,828 | $3,762 |
Note_L_Stockholders_Equity_Det
Note L - Stockholders' Equity (Details) (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 |
Stockholders' Equity Note [Abstract] | ' | ' |
Treasury Stock, Shares, Acquired | ' | 1,414,226 |
Treasury Stock Acquired, Average Cost Per Share (in Dollars per share) | ' | $8.83 |
Treasury Stock, Value, Acquired, Cost Method (in Dollars) | $4,589 | $12,484 |
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 1,203,601 | 1,203,601 |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | ' | 605,000 |
Note_M_Segment_Information_Det
Note M - Segment Information (Details) | 9 Months Ended |
Sep. 30, 2014 | |
Segment Reporting [Abstract] | ' |
Number of Reportable Segments | 3 |
Note_M_Segment_Information_Det1
Note M - Segment Information (Details) - Selected Operating Results (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | $36,715 | $35,381 | $105,877 | $115,723 |
Income (loss) from operations | 2,795 | 2,041 | 7,001 | 7,960 |
Home [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 32,292 | 33,492 | 95,492 | 109,146 |
Income (loss) from operations | 5,957 | 5,381 | 16,851 | 19,650 |
Office [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 4,353 | 1,889 | 10,315 | 6,577 |
Income (loss) from operations | -252 | -731 | -985 | -4,321 |
Mobile [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 70 | ' | 70 | ' |
Income (loss) from operations | ($2,910) | ($2,609) | ($8,865) | ($7,369) |
Note_M_Segment_Information_Det2
Note M - Segment Information (Details) - The Reconciliation of Segment Operating Results (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
The Reconciliation of Segment Operating Results [Abstract] | ' | ' | ' | ' |
Income from operations | $2,795 | $2,041 | $7,001 | $7,960 |
Unallocated corporate, general and administrative expenses | -526 | -681 | -1,657 | -1,770 |
Proxy contest related expenses included in general and administrative expenses | ' | ' | ' | -1,403 |
Equity-based compensation expenses | -1,296 | -1,045 | -4,200 | -3,133 |
Intangible assets amortization expenses | -397 | -418 | -1,191 | -1,254 |
Financial income, net | 186 | 512 | 895 | 1,837 |
Total consolidated income before taxes | $762 | $409 | $848 | $2,237 |
Note_N_Accumulated_Other_Compr2
Note N - Accumulated Other Comprehensive Income (Loss) (Details) - Changes in Accumulated Other Comprehensive Income (Loss) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | ($609) | ' | ($821) | ' |
Other comprehensive income before reclassifications | -927 | ' | -651 | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 103 | ' | 39 | ' |
Net current period other comprehensive income (loss) | -824 | 87 | -612 | -1,614 |
Ending balance | -1,433 | ' | -1,433 | ' |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | -186 | ' | -391 | ' |
Other comprehensive income before reclassifications | -404 | ' | -134 | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 3 | ' | -62 | ' |
Net current period other comprehensive income (loss) | -401 | ' | -196 | ' |
Ending balance | -587 | ' | -587 | ' |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | 7 | ' | ' | ' |
Other comprehensive income before reclassifications | -528 | ' | -516 | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 97 | ' | 92 | ' |
Net current period other comprehensive income (loss) | -431 | ' | -424 | ' |
Ending balance | -424 | ' | -424 | ' |
Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | -232 | ' | -237 | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 3 | ' | 9 | ' |
Net current period other comprehensive income (loss) | 3 | ' | 9 | ' |
Ending balance | -229 | ' | -229 | ' |
Accumulated Translation Adjustment [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | -198 | ' | -193 | ' |
Other comprehensive income before reclassifications | 5 | ' | -1 | ' |
Net current period other comprehensive income (loss) | 5 | ' | -1 | ' |
Ending balance | ($193) | ' | ($193) | ' |
Note_N_Accumulated_Other_Compr3
Note N - Accumulated Other Comprehensive Income (Loss) (Details) - Reclassifications Out of Accumulated Other Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Loss on available-for-sale marketable securities | $186 | $512 | $895 | $1,837 | ||||
Total, net of income taxes | 773 | 398 | 873 | 2,320 | ||||
Research and development | 8,083 | [1] | 8,147 | [1] | 24,313 | [1] | 26,481 | [1] |
Sales and marketing | 2,892 | [2] | 2,767 | [2] | 8,925 | [2] | 8,492 | [2] |
2,580 | [3] | 2,576 | [3] | 7,941 | [3] | 9,046 | [3] | |
Total, before income taxes | 762 | 409 | 848 | 2,237 | ||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Loss on available-for-sale marketable securities | 3,000 | ' | -62,000 | ' | ||||
Total, net of income taxes | 3,000 | ' | -62,000 | ' | ||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total, net of income taxes | 97,000 | ' | 92,000 | ' | ||||
Research and development | 77,000 | ' | 72,000 | ' | ||||
Sales and marketing | 7,000 | ' | 7,000 | ' | ||||
13,000 | ' | 13,000 | ' | |||||
Total, before income taxes | 97,000 | ' | 92,000 | ' | ||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total, net of income taxes | 3,000 | ' | 9,000 | ' | ||||
Research and development | 2,000 | ' | 5,000 | ' | ||||
Sales and marketing | 1,000 | ' | 4,000 | ' | ||||
Total, before income taxes | 3,000 | ' | 9,000 | ' | ||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total, net of income taxes | $103,000 | ' | $39,000 | ' | ||||
[1] | Includes equity-based compensation expense in the amount of $568 and $474 for the three months ended September 30, 2014 and 2013, respectively, and equity-based compensation expense in the amount of $1,869 and $1,412 for the nine months ended September 30, 2014 and 2013, respectively | |||||||
[2] | Includes equity-based compensation expense in the amount of $150 and $115 for the three months ended September 30, 2014 and 2013, respectively, and equity-based compensation expense in the amount of $481 and $383 for the nine months ended September 30, 2014 and 2013, respectively. | |||||||
[3] | Includes equity-based compensation expense in the amount of $507 and $391 for the three months ended September 30, 2014 and 2013, respectively, and equity-based compensation expense in the amount of $1,613 and $1,147 for the nine months ended September 30, 2014 and 2013, respectively. |
Note_O_Government_Grants_Detai
Note O - Government Grants (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Government Grants [Abstract] | ' | ' | ' | ' |
Financial Grants In Support Of Research And Development | $1,200 | $460 | $2,500 | $1,260 |