DSP (DSPG) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 03, 2016
Document Information [Line Items]
Entity Registrant Name	DSP GROUP INC /DE/
Entity Central Index Key	915,778
Trading Symbol	dspg
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		21,894,013
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 17,808	$ 13,704
Restricted deposit	168	168
Marketable securities and short-term deposits	22,784	18,070
Trade receivables	17,136	19,211
Other accounts receivable and prepaid expenses	2,364	3,319
Inventories	12,850	11,453
TOTAL CURRENT ASSETS	73,110	65,925
PROPERTY AND EQUIPMENT, NET	3,956	3,764
LONG-TERM ASSETS:
Long-term marketable securities	81,962	89,714
Long-term prepaid expenses and lease deposits	1,240	743
Deferred income taxes	1,001	1,311
Severance pay fund	11,795	11,578
Investment in other companies	1,800	1,800
Intangible assets, net	3,209	3,851
Goodwill	5,276	5,276
	106,283	114,273
TOTAL ASSETS	183,349	183,962
CURRENT LIABILITIES:
Trade payables	12,910	13,103
Accrued compensation and benefits	7,476	7,788
Income tax accruals and payables	1,800	1,864
Accrued expenses and other accounts payable	5,782	5,026
Total current liabilities	27,968	27,781
LONG-TERM LIABILITIES:
Deferred income taxes	316	476
Accrued severance pay	11,948	11,703
Accrued pensions	727	684
Total long-term liabilities	12,991	12,863
Common stock, $ 0.001 par value -
Authorized shares: 50,000,000 shares at March 31, 2016 and December 31, 2015; Issued and outstanding shares: 21,696,853 and 21,572,616 shares at March 31, 2016 and December 31, 2015, respectively	22	22
Additional paid-in capital	363,267	361,023
Treasury stock	(123,749)	(125,697)
Accumulated other comprehensive loss	(474)	(1,267)
Accumulated deficit	(96,676)	(90,763)
Total stockholders’ equity	142,390	143,318
Total liabilities and stockholders’ equity	$ 183,349	$ 183,962

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	50,000,000	50,000,000
Common stock, issued (in shares)	21,742,684	21,572,616
Common stock, outstanding (in shares)	21,742,684	21,572,616

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues		$ 36,164	$ 37,247	$ 63,823	$ 75,282
Cost of revenues (1)	[1]	20,279	22,012	36,221	44,512
Gross profit		15,885	15,235	27,602	30,770
Operating expenses:
Research and development, net (2)	[2]	9,036	8,855	17,925	17,971
Sales and marketing (3)	[3]	3,323	2,974	6,715	6,037
General and administrative (4)	[4]	2,275	2,460	4,558	4,981
Intangible assets amortization		321	321	642	642
Total operating expenses		14,955	14,610	29,840	29,631
Operating income (loss)		930	625	(2,238)	1,139
Interest and other income, net		273	291	565	626
Income (loss) before taxes on income		1,203	916	(1,673)	1,765
Taxes on income		123	186	160	262
Net income (loss)		$ 1,080	$ 730	$ (1,833)	$ 1,503
Net earnings (loss) per share:
Basic (in dollars per share)		$ 0.05	$ 0.03	$ (0.08)	$ 0.07
Diluted (in dollars per share)		$ 0.05	$ 0.03	$ (0.08)	$ 0.06
Basic (in shares)		21,739	22,064	21,725	22,115
Diluted (in shares)		22,845	23,717	21,725	23,801
[1]	Includes equity-based compensation expense in the amount of $83 for both the three months ended June 30, 2016 and 2015, and $144 and $153 for the six months ended June 30, 2016 and 2015, respectively.
[2]	Includes equity-based compensation expense in the amount of $521 and $613 for the three months ended June 30, 2016 and 2015, respectively; and $947 and $1,151 for the six months ended June 30, 2016 and 2015, respectively.
[3]	Includes equity-based compensation expense in the amount of $194 and $178 for the three months ended June 30, 2016 and 2015, respectively; and $325 and $330 for the six months ended June 30, 2016 and 2015, respectively.
[4]	Includes equity-based compensation expense in the amount of $461 and $537 for the three months ended June 30, 2016 and 2015, respectively; and $828 and $1,030 for the six months ended June 30, 2016 and 2015, respectively.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Equity-based compensation expense included in cost of revenues	$ 83	$ 83	$ 144	$ 153
Equity-based compensation expenses included in research and development, net	521	613	947	1,151
Equity-based compensation expense included in sales and marketing	194	178	325	330
Equity-based compensation expense included in general and administrative	$ 461	$ 537	$ 828	$ 1,030

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 1,080	$ 730	$ (1,833)	$ 1,503
Changes in unrealized gains/losses	205	(549)	618	(134)
Reclassification adjustments for losses included in net income	7		33	26
Net change	212	(549)	651	(108)
Changes in unrealized gains/losses	(110)	454	58	162
Reclassification adjustments for (gains) losses included in net income	(14)	145	15	625
Net change	(124)	599	73	787
Amortization of actuarial loss and prior service benefit	4	5	8	10
Net change	4	5	8	10
Foreign currency translation adjustments, net	18	(5)	61	(53)
Net current period other comprehensive income (loss)	110	50	793	636
Comprehensive income	$ 1,190	$ 780	$ (1,040)	$ 2,139

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Net cash provided by operating activities	$ 4,760,000	$ 2,141,000
Investing activities
Purchases of marketable securities	(26,112,000)	(15,342,000)
Proceeds from maturity of marketable securities	21,500,000	4,068,000
Proceeds from sales of marketable securities	7,987,000	10,332,000
Purchases of property and equipment	(1,012,000)	(1,202,000)
Decrease in restricted deposits		453,000
Net cash provided by (used in) investing activities	2,363,000	(1,691,000)
Financial activities
Purchase of treasury stock	(3,737,000)	(6,346,000)
Issuance of common stock and treasury stock upon exercise of stock options	666,000	1,138,000
Net cash used in financing activities	(3,071,000)	(5,208,000)
Increase (Decrease) in cash and cash equivalents	4,052,000	(4,758,000)
Erosion- due to exchange rate differences	52,000	(55,000)
Cash and cash equivalents at the beginning of the period	13,704,000	20,544,000
Cash and cash equivalents at the end of the period	$ 17,808,000	$ 15,731,000

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]		Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2014	21,844
Balance at Dec. 31, 2014	$ 22		$ 355,906	$ (122,387)	$ (85,352)	$ (1,566)	$ 146,623
Net income					1,503		1,503
Change in accumulated other comprehensive loss						636	636
Purchase of treasury stock (in shares)	(550)
Purchase of treasury stock	$ (1)			(6,345)			(6,346)
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted stock units by employees and directors (in shares)	585
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted stock units by employees and directors	$ 1		26	5,679	(4,568)		1,138
Equity-based compensation			2,664				2,664
Balance (in shares) at Jun. 30, 2015	21,995
Balance at Jun. 30, 2015	$ 22		358,596	(121,929)	(88,677)	(930)	147,082
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan (in shares)	116
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan				1,124	(260)		864
Balance (in shares) at Mar. 31, 2015	22,227
Balance at Mar. 31, 2015	$ 22		357,185	(118,909)	(87,853)	(980)	149,465
Net income					730		730
Change in accumulated other comprehensive loss						50	50
Purchase of treasury stock (in shares)	(425)
Purchase of treasury stock		[1]		(4,899)			(4,899)
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted stock units by employees and directors (in shares)	193
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted stock units by employees and directors		[1]		1,879	(1,554)		325
Equity-based compensation			1,411				1,411
Balance (in shares) at Jun. 30, 2015	21,995
Balance at Jun. 30, 2015	$ 22		358,596	(121,929)	(88,677)	(930)	147,082
Balance (in shares) at Dec. 31, 2015	21,573
Balance at Dec. 31, 2015	$ 22		361,023	(125,697)	(90,763)	(1,267)	143,318
Net income					(1,833)		(1,833)
Change in accumulated other comprehensive loss						793	$ 793
Purchase of treasury stock (in shares)	(408)						(407,906)
Purchase of treasury stock		[1]		(3,676)			$ (3,676)
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted stock units by employees and directors (in shares)	464
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted stock units by employees and directors		[1]		4,510	(3,844)		666
Equity-based compensation			2,244				2,244
Balance (in shares) at Jun. 30, 2016	21,743
Balance at Jun. 30, 2016	$ 22		363,267	(123,749)	(96,676)	(474)	142,390
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan (in shares)	114
Issuance of treasury stock upon purchase of common stock under employee stock purchase plan		[1]		1,114	(236)		878
Balance (in shares) at Mar. 31, 2016	21,697
Balance at Mar. 31, 2016	$ 22		362,008	(124,212)	(96,109)	(584)	141,125
Net income					1,080		1,080
Change in accumulated other comprehensive loss						110	110
Purchase of treasury stock (in shares)	(132)
Purchase of treasury stock		[1]		(1,270)			(1,270)
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted stock units by employees and directors (in shares)	178
Issuance of treasury stock upon exercise of stock options, stock appreciation rights and restricted stock units by employees and directors		[1]		1,733	(1,647)		86
Equity-based compensation			1,259				1,259
Balance (in shares) at Jun. 30, 2016	21,743
Balance at Jun. 30, 2016	$ 22		$ 363,267	$ (123,749)	$ (96,676)	$ (474)	$ 142,390
[1]	Represents an amount lower than $1.

Note A - Basis of Presentation

Note A - Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. 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, 2015.

Note B - Inventories

Note B - Inventories	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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: June 30, 2016 December 31, 2015 (Unaudited) (Audited) Work-in-process $ 7,278 $ 6,384 Finished goods 5,572 5,069 $ 12,850 $ 11,453 Inventory write-off amounted to $151 and $311 for the six months ended June 30, 2016 and 2015, respectively.

Note C - Net Earnings (Loss) Pe

Note C - Net Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE C—NET EARNINGS (LOSS) PER SHARE Basic net earnings (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 earnings (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 earnings (loss) per share: Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Unaudited Net income (loss) $ 1,080 $ 730 $ (1,833 ) $ 1,503 Earnings (loss) per share: Basic $ 0.05 $ 0.03 $ (0.08 ) $ 0.07 Diluted $ 0.05 $ 0.03 $ (0.08 ) $ 0.06 Weighted average number of shares of common stock outstanding during the period used to compute basic net earnings (loss) per share (in thousands) 21,739 22,064 21,725 22,115 Incremental shares attributable to exercise of outstanding options, stock appreciation rights and restricted stock units (assuming proceeds would be used to purchase treasury stock) (in thousands) 1,106 1,653 - 1,686 Weighted average number of shares of common stock used to compute diluted net earnings (loss) per share (in thousands) 22,845 23,717 21,725 23,801

Note D - Marketable Securities

Note D - Marketable Securities and Time Deposits	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 and dividends on securities are included in financial income, net. The following is a summary of available-for-sale securities at June 30, 2016 and December 31, 2015: Amortized cost Unrealized gains (losses), net Fair value June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) Short term deposits 5,632 $ 5,568 $ - $ - $ 5,632 $ 5,568 U.S. GSE securities 22,321 23,645 (24 ) (114 ) 22,297 23,531 Corporate obligations 76,643 79,072 174 (387 ) 76,817 78,685 $ 104,596 $ 108,285 $ 150 $ (501 ) $ 104,746 $ 107,784 The amortized cost of marketable debt securities and short-term deposits at June 30, 2016, by contractual maturities, is shown below : Unrealized gains (losses) Amortized cost Gains Losses Fair value Due in one year or less $ 22,769 $ 19 $ (4 ) $ 22,784 Due after one year to five years 81,827 290 (155 ) 81,962 $ 104,596 $ 309 $ (159 ) $ 104,746 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 June 30, 2016, 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. The unrealized losses related to corporate obligations were primarily due to changes in interest rates. Because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at June 30, 2016. The total fair value of marketable securities with outstanding unrealized losses as of June 30, 2016 amounted to $34,094, while the unrealized losses for these marketable securities amounted to $159. Of the $159 unrealized losses outstanding as of June 30, 2016, a portion of which in the amount of $94 related to marketable securities that were in a loss position for more than 12 months and the remaining portion in the amount of $65 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 six months ended June 30, 2016 and 2015 were $21,500 and $4,068, respectively. Proceeds from sales of available-for-sale marketable securities during the six months ended June 30, 2016 and 2015 were $7,987 and $10,332, respectively. Net realized loss from the sale of available-for-sale securities for the six months ended June 30, 2016 were $33 compared to net realized loss for the six months ended June 30, 2015 of $26. The Company determines realized gains or losses on the sale of marketable securities based on a specific identification method. 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.

Note E - Taxes on Income

Note E - Taxes on Income	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 six months ended June 30, 2016 and 2015 does not include tax benefits associated with equity-based compensation expenses. The total amount of net unrecognized tax benefits was $1,660 and $1,711 at June 30, 2016 and December 31, 2015, respectively. The Company accrues interest and penalties, relating to unrecognized tax benefits, in its provision for income taxes. At June 30, 2016 and December 31, 2015, the Company had accrued interest and penalties relating to unrecognized tax benefits of $272 and $180, respectively. The Company intends to permanently reinvest earnings of its foreign operations and its current operating plans do not demonstrate a need to repatriate foreign earnings to fund the Company’s U.S. operations. However, if these funds were needed for the Company’s operations in the United States, the Company would be required to accrue and pay U.S. taxes as well as taxes in other countries to repatriate these funds. The determination of the amount of additional taxes related to the repatriation of these earnings is not practicable, as it may vary based on various factors such as the location of the cash and the effect of regulation in the various jurisdictions from which the cash would be repatriated.

Note F - Significant Customers

Note F - Significant Customers	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 VTech Holdings Ltd. ("VTech") represented 29% and 31% of the Company’s total revenues for the three months ended June 30, 2016 and 2015, respectively. Sales to VTech represented 30% and 31% of the Company’s total revenues for the six months ended June 30, 2016 and 2015, respectively. Sales to Guo Wei Electronics Ltd. ("Guo Wei Electronics") represented 8% and 12% of the Company’s total revenues for the three months ended June 30, 2016 and 2015, respectively. Sales to Guo Wei Electronics represented 8% and 11% of the Company’s total revenues for the six months ended June 30, 2016 and 2015, respectively. Sales to Samsung Electronics Co., Ltd (“Samsung”) represented 13% and 0% of the Company’s total revenues for the three months ended June 30, 2016 and 2015, respectively, as well as the six months ended June 30, 2016 and 2015, respectively. Revenues derived from sales through the Company’s distributor, Ascend Technology Inc., ("Ascend Technology"), accounted for 17% and 18% of the Company’s total revenues for the three months ended June 30, 2016 and 2015, respectively. Revenues derived from sales through Ascend Technology accounted for 16% and 17% of the Company’s total revenues for the six months ended June 30, 2016 and 2015, respectively. Revenues derived from sales through the Company’s distributor, Tomen Electronics Corporation ("Tomen Electronics"), accounted for 12% and 18% of the Company’s total revenues for the three months ended June 30, 2016 and 2015, respectively, and 10% and 16% of the Company’s total revenues for the six months ended June 30, 2016 and 2015, respectively. Tomen Electronics sells the Company’s products to a limited number of customers. One customer, Panasonic Communications Co., Ltd. ("Panasonic"), has continually accounted for a majority of the sales of Tomen Electronics. Sales to Panasonic through Tomen Electronics generated approximately 10% and 15% of the Company’s total revenues for the three months ended June 30, 2016 and 2015, respectively, and 8% and 13% of the Company’s total revenues for the six months ended June 30, 2016 and 2015, respectively.

Note G - Derivative Instruments

Note G - Derivative Instruments	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 June 30, 2016, the Company had outstanding option contracts in the amount of $8,600 and no outstanding foreign exchange forward contracts. 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 $82 and $44, respectively, at June 30, 2016. The Company recorded a net amount of $38 in other accounts receivable in the condensed consolidated balance sheet at June 30, 2016. The amount recorded as an expense in research and development expenses, sales and marketing expenses and general and administrative expenses in the condensed consolidated statements of income for the six months ended June 30, 2016 that resulted from the above referenced hedging transactions was $12, $1 and $2, respectively. The amount recorded as an income 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 June 30, 2016 that resulted from the above referenced hedging transactions was $11, $1 and $2, respectively. The fair value of the outstanding derivative instruments at June 30, 2016 and December 31, 2015 is summarized below: Fair Value of Derivative Instruments Balance Sheet Location June 30, 2016 December 31, 2015 Derivative Assets (Liabilities) Foreign exchange forward and options contracts Accrued expenses and other accounts payable $ - $ (36 ) Other accounts receivable and prepaid expenses 38 - $ 38 $ (36 ) The effect of derivative instruments in cash flow hedging transactions on income and other comprehensive income ("OCI") for the three and six months ended June 30, 2016 and 2015 is summarized below: Gains (Losses) on Derivatives Recognized in OCI for the three months ended June 30, for the six months ended June 30, 2016 2015 2016 2015 Foreign exchange forward and option contracts $ (110 ) $ 454 $ 58 $ 162 Gains (Losses) Reclassified from OCI into Income for the three months ended June 30 for the six months ended June 30, Location 2016 2015 2016 2015 Foreign exchange forward and option contracts Operating expenses $ 14 $ (145 ) $ (15 ) $ (625 )

Note H - Contingencies

Note H - Contingencies	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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. In addition, 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 - Equity-based Compensat

Note I - Equity-based Compensation	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE i—EQUITY-BASED COMPENSATION Grants for the Three Months ended June 30, 2016 and June 30, 2015: The weighted-average estimated fair value of restricted stock units ("RSUs") granted during the three months ended June 30, 2016 was $9.40 per share, with a pre-vest cancellation rate assumption of 4.32% (annualized percentage). No employee stock options or stock appreciation rights (“SAR”) were granted during the three months ended June 30, 2016. No employee stock options, SARs or RSUs were granted during the three months ended June 30, 2015. Employee Stock Benefit Plans As of June 30, 2016, 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 June 30, 2016, approximately 1,056,000 shares of common stock remain available for grant under the Company’s employee stock purchase plan and 644,000 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, RSU and SAR 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 March 31, 2016 3,901 $ 5.67 Options granted - - RSUs granted 24 - Options / SARs / RSUs cancelled/forfeited/expired (131 ) 6.20 Options / SARs exercised and RSUs vested (337 ) $ 5.69 Outstanding at June 30, 2016 (1) 3,457 $ 5.61 2.83 $ 17,811 Exercisable at June 30, 2016 (2) 2,300 $ 7.55 2.51 $ 7,516 (*) Calculation of aggregate intrinsic value is based on the share price of the Company’s common stock on June 30, 2016 ($10.61 per share). (1) Due to the ceiling imposed on the stock appreciation right ( "SAR ") grants, the outstanding amount above can be exercised for a maximum of 2,971 shares of the Company’s common stock as of June 30, 2016. (2) Due to the ceiling imposed on the SAR grants, the exercisable amount above can be exercised for a maximum of 1,814 shares of the Company’s common stock as of June 30, 2016. (3) Calculation of weighted average remaining contractual term does not include the RSUs that were granted, which have indefinite contractual term. Additional information about stock options, SARs and RSUs outstanding and exercisable at June 30, 2016 with exercise prices above $10.61 per share (the closing price of the Company’s common stock on June 30, 2016) is as follows: Exercisable Unexercisable Total Exercise Prices Number of Options/ SARs / RSUs (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 $10.61 170 $ 13.41 79 $ 11.38 249 $ 12.77 Less than $10.61 2,130 $ 7.08 1,078 $ 1.06 3,208 $ 5.06 Total 2,300 $ 7.55 1,157 $ 1.76 3,457 $ 5.61 The Company’s aggregate equity-based compensation expense for the three months ended June 30, 2016 and 2015 totaled $1,259 and $1,411, respectively. The Company did not recognize any income tax benefit relating to the Company’s equity-based compensation expense for the three months ended June 30, 2016 and 2015. As of June 30, 2016, there was $5,465 of total unrecognized equity-based compensation expense 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 2016 through 2020.

Note J - Pension Liability

Note J - Pension Liability	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 three months ended June 30, 2016 and 2015 are as follows : June 30, 2016 June 30, 2015 Components of net periodic benefit cost: Service cost and amortization of loss $ 10 $ 12 Interest cost 9 9 Expected return on plan assets (1 ) (2 ) Net periodic benefit cost $ 18 $ 19 The net pension liability as of June 30, 2016 amounted to $727.

Note K - Fair Value Measurement

Note K - Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 June 30, 2016: Balance as of Fair Value Measurements June 30, 2016 Level 1 Level 2 Level 3 Description Assets Cash equivalents Money market mutual funds $ 1,117 $ 1,117 - - Short-term marketable securities and cash deposits: U.S. GSE securities $ 376 - $ 376 - Corporate debt securities $ 16,776 - $ 16,776 - Long-term marketable securities: U.S. GSE securities $ 21,921 - $ 21,921 - Corporate debt securities $ 60,041 - $ 60,041 - Derivative Assets $ 38 - $ 38 - 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, 2015. Balance as of Fair Value Measurements December 31, 2015 Level 1 Level 2 Level 3 Description Assets: Cash equivalents: Money market mutual funds $ 1,089 $ 1,089 - - Short-term marketable securities and time deposits: U.S. GSE securities Corporate debt securities $ 12,501 - $ 12,501 - Long-term marketable securities: U.S. GSE securities $ 23,531 - $ 23,531 - Corporate debt securities $ 66,184 - $ 66,184 - Derivative liabilities $ (36 ) - $ (36 ) - 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 June 30, 2016 due to the short-term maturity of these instruments.

Note L - Stockholders' Equity

Note L - Stockholders' Equity	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE l—STOCKHOLDERS’ EQUITY During the first six months of 2016, the Company repurchased 407,906 shares of common stock at an average purchase price of $9.01 per share for an aggregate purchase price of $3,676. As of June 30, 2016, 497,134 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 six months of 2016, the Company issued approximately 578,000 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	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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, home gateway devices supplied by telecommunication service providers which integrate the DECT/CAT-iq functionality, integrated circuits addressing home automation applications, as well as fixed-mobile convergence solutions. In this segment, (i) revenues from cordless telephony products exceeded 10% of the Company’s total revenues and amounted to 55% and 74% of the Company’s total revenues for the first half of 2016 and 2015, respectively, and 56% and 72% of the Company’s total revenues for the second quarter of 2016 and 2015, respectively, and (ii) revenues from home gateway products amounted to 8% and 12% of the Company’s total revenues for the first half of 2016 and 2015, respectively, and 7% and 11% of the Company’s total revenues for the second quarter of 2016 and 2015, respectively. Office - Comprehensive solution for Voice-over-IP (VOIP) office products, including office solutions that offer businesses of all sizes low-cost VOIP terminals with converged voice and data applications. Revenues from the Company’s VOIP products represented 20% and 12% of its total revenues for the first six months of 2016 and 2015, respectively. Revenues from the Company’s VOIP products represented 20% and 14% of its total revenues for the second quarter of 2016 and 2015, respectively. No revenues derived from other products in the office segment exceeded 10% of the Company’s total revenues for the first six months of 2016 and 2015. Mobile - Products for the mobile market that provides voice enhancement, always-on and far-end noise elimination targeted for mobile phone and mobile headsets and wearable devices that incorporate the Company’s noise suppression, always-on and voice quality enhancement HDClear technology. Revenues from the Company’s mobile products represented 13% of its total revenues for the second quarter and first half of 2016. No revenues were derived from this segment in the comparable periods of 2015. 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 amortization of purchased intangible assets, equity-based compensation expenses, and certain corporate governance costs. Selected operating results information for each business segment was as follows for the three months ended June 30, 2016 and 2015: Three months ended June 30, Revenues Income (loss) from operations 201 6 201 5 201 6 201 5 Home $ 24,211 $ 32,055 $ 4,843 $ 7,112 Office $ 7,392 $ 5,192 $ (475 ) $ (1,102 ) Mobile $ 4,561 $ - $ (1,408 ) $ (3,150 ) Total $ 36,164 $ 37,247 $ 2,960 $ 2,860 Selected operating results information for each business segment was as follows for the six months ended June 30, 2016 and 2015: Six months ended June 30, Revenues Income (loss) from operations 201 6 201 5 201 6 201 5 Home $ 42,866 $ 66,406 $ 6,321 $ 14,288 Office $ 12,470 $ 8,876 $ (2,498 ) $ (1,715 ) Mobile $ 8,487 $ - $ (2,225 ) $ (6,987 ) Total $ 63,823 $ 75,282 $ 1,598 $ 5,586 The reconciliation of segment operating results information to the Company’s consolidated financial information was as follows for the three and six months periods ended June 30, 2016: Three months Six months Income from operations $ 2,960 $ 1,598 Unallocated corporate, general and administrative expenses (450 ) (950 ) Equity-based compensation expenses (1,259 ) (2,244 ) Intangible assets amortization expenses (321 ) (642 ) Financial income, net 273 565 Total consolidated income before taxes $ 1,203 $ (1,673 ) The reconciliation of segment operating results information to the Company’s consolidated financial information was as follows for the three and six months ended June 30, 2015: Three months Six months Income from operations $ 2,860 $ 5,586 Unallocated corporate, general and administrative expenses (503 ) (1,141 ) Equity-based compensation expenses (1,411 ) (2,664 ) Intangible assets amortization expenses (321 ) (642 ) Financial income, net 291 626 Total consolidated income before taxes $ 916 $ 1,765

Note N - Accumulated Other Comp

Note N - Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Accumulated Other Comprehensive Income Loss [Text Block]	NOTE N —ACCUMULATED OTHER COMPREHENSIVE INCOME The following table summarizes the changes in accumulated balances of other comprehensive income for the three months ended June 30, 2016: Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on cash flow hedges Unrealized gains (losses) on components of defined benefit plans Unrealized gains (losses) on foreign currency translation Total Beginning balance $ (62 ) $ 162 $ (348 ) $ (336 ) $ (584 ) Other comprehensive income (loss) before reclassifications 205 (110 ) - 18 113 Losses (gains) reclassified from accumulated other comprehensive income (loss) 7 (14 ) 4 - (3 ) Net current period other comprehensive income (loss) 212 (124 ) 4 18 110 Ending balance $ 150 $ 38 $ (344 ) $ (318 ) $ (474 ) The following table provides details about reclassifications out of accumulated other comprehensive income for the three months ended June 30, 2016: Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement of Income Losses on available-for-sale marketable securities $ 7 Financial income, net - Provision for income taxes 7 Total, net of income taxes Gains on cash flow hedges (11 ) Research and development (1 ) Sales and marketing (2 ) General and administrative (14 ) Total, before income taxes - Provision for income taxes (14 ) Total, net of income taxes Losses on components of defined benefit plans 2 Research and development 2 Sales and marketing 4 Total, before income taxes - Provision for income taxes 4 Total, net of income taxes Total reclassifications for the period $ (3 ) Total, net of income taxes The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the six months ended June 30, 2016: Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on Cash Flow Hedges Unrealized gains (losses) on components of defined benefit plans Unrealized gains (losses) on foreign currency translation Total Beginning balance $ (501 ) $ (35 ) $ (352 ) $ (379 ) $ (1,267 ) Other comprehensive income (loss) before reclassifications 618 58 - 61 737 Losses reclassified from accumulated other comprehensive income (loss) 33 15 8 - 56 Net current period other comprehensive income 651 73 8 61 793 Ending balance $ 150 $ 38 $ (344 ) (318 ) $ (474 ) The following table provides details about reclassifications out of accumulated other comprehensive income for the six months ended June 30, 2016: Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement of Income Losses on available-for-sale marketable securities $ 33 Financial income, net - Provision for income taxes 33 Total, net of income taxes Losses on cash flow hedges 12 Research and development 1 Sales and marketing 2 General and administrative 15 Total, before income taxes - Provision for income taxes 15 Total, net of income taxes Losses on components of defined benefit plans 4 Research and development 4 Sales and marketing 8 Total, before income taxes - Provision for income taxes 8 Total, net of income taxes Total reclassifications for the period $ 56 Total, net of income taxes

Note O - Government Grants

Note O - Government Grants	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 during 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 $1.0 and $1.6 million for the three month periods ended June 30, 2016 and 2015, respectively. The Company recorded grants in the amount of $1.6 million for both the six month periods ended June 30, 2016 and 2015, respectively. The Company’s Israeli subsidiary is obligated to pay royalties amounting to 5% of the sales of certain products, the development of which benefited from grants received 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 grants may be required to be repaid with a multiple of up to six times the initial grant amount in case the technology that was developed using these grants are transferred, directly or indirectly, to a third party.

Note B - Inventories (Tables)

Note B - Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, 2016 December 31, 2015 (Unaudited) (Audited) Work-in-process $ 7,278 $ 6,384 Finished goods 5,572 5,069 $ 12,850 $ 11,453

Note C - Net Earnings (Loss) 25

Note C - Net Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Unaudited Net income (loss) $ 1,080 $ 730 $ (1,833 ) $ 1,503 Earnings (loss) per share: Basic $ 0.05 $ 0.03 $ (0.08 ) $ 0.07 Diluted $ 0.05 $ 0.03 $ (0.08 ) $ 0.06 Weighted average number of shares of common stock outstanding during the period used to compute basic net earnings (loss) per share (in thousands) 21,739 22,064 21,725 22,115 Incremental shares attributable to exercise of outstanding options, stock appreciation rights and restricted stock units (assuming proceeds would be used to purchase treasury stock) (in thousands) 1,106 1,653 - 1,686 Weighted average number of shares of common stock used to compute diluted net earnings (loss) per share (in thousands) 22,845 23,717 21,725 23,801

Note D - Marketable Securitie26

Note D - Marketable Securities and Time Deposits (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Available-for-sale Securities [Table Text Block]	Amortized cost Unrealized gains (losses), net Fair value June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) Short term deposits 5,632 $ 5,568 $ - $ - $ 5,632 $ 5,568 U.S. GSE securities 22,321 23,645 (24 ) (114 ) 22,297 23,531 Corporate obligations 76,643 79,072 174 (387 ) 76,817 78,685 $ 104,596 $ 108,285 $ 150 $ (501 ) $ 104,746 $ 107,784
Investments Classified by Contractual Maturity Date [Table Text Block]	Unrealized gains (losses) Amortized cost Gains Losses Fair value Due in one year or less $ 22,769 $ 19 $ (4 ) $ 22,784 Due after one year to five years 81,827 290 (155 ) 81,962 $ 104,596 $ 309 $ (159 ) $ 104,746

Note G - Derivative Instrumen27

Note G - Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Fair Value of Derivative Instruments Balance Sheet Location June 30, 2016 December 31, 2015 Derivative Assets (Liabilities) Foreign exchange forward and options contracts Accrued expenses and other accounts payable $ - $ (36 ) Other accounts receivable and prepaid expenses 38 - $ 38 $ (36 )
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Gains (Losses) on Derivatives Recognized in OCI for the three months ended June 30, for the six months ended June 30, 2016 2015 2016 2015 Foreign exchange forward and option contracts $ (110 ) $ 454 $ 58 $ 162
Derivative Instruments, Gain (Loss) [Table Text Block]	Gains (Losses) Reclassified from OCI into Income for the three months ended June 30 for the six months ended June 30, Location 2016 2015 2016 2015 Foreign exchange forward and option contracts Operating expenses $ 14 $ (145 ) $ (15 ) $ (625 )

Note I - Equity-based Compens28

Note I - Equity-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
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 March 31, 2016 3,901 $ 5.67 Options granted - - RSUs granted 24 - Options / SARs / RSUs cancelled/forfeited/expired (131 ) 6.20 Options / SARs exercised and RSUs vested (337 ) $ 5.69 Outstanding at June 30, 2016 (1) 3,457 $ 5.61 2.83 $ 17,811 Exercisable at June 30, 2016 (2) 2,300 $ 7.55 2.51 $ 7,516
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 / RSUs (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 $10.61 170 $ 13.41 79 $ 11.38 249 $ 12.77 Less than $10.61 2,130 $ 7.08 1,078 $ 1.06 3,208 $ 5.06 Total 2,300 $ 7.55 1,157 $ 1.76 3,457 $ 5.61

Note J - Pension Liability (Tab

Note J - Pension Liability (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	June 30, 2016 June 30, 2015 Components of net periodic benefit cost: Service cost and amortization of loss $ 10 $ 12 Interest cost 9 9 Expected return on plan assets (1 ) (2 ) Net periodic benefit cost $ 18 $ 19

Note K - Fair Value Measureme30

Note K - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Balance as of Fair Value Measurements June 30, 2016 Level 1 Level 2 Level 3 Description Assets Cash equivalents Money market mutual funds $ 1,117 $ 1,117 - - Short-term marketable securities and cash deposits: U.S. GSE securities $ 376 - $ 376 - Corporate debt securities $ 16,776 - $ 16,776 - Long-term marketable securities: U.S. GSE securities $ 21,921 - $ 21,921 - Corporate debt securities $ 60,041 - $ 60,041 - Derivative Assets $ 38 - $ 38 - Balance as of Fair Value Measurements December 31, 2015 Level 1 Level 2 Level 3 Description Assets: Cash equivalents: Money market mutual funds $ 1,089 $ 1,089 - - Short-term marketable securities and time deposits: U.S. GSE securities Corporate debt securities $ 12,501 - $ 12,501 - Long-term marketable securities: U.S. GSE securities $ 23,531 - $ 23,531 - Corporate debt securities $ 66,184 - $ 66,184 - Derivative liabilities $ (36 ) - $ (36 ) -

Note M - Segment Information (T

Note M - Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended June 30, Revenues Income (loss) from operations 201 6 201 5 201 6 201 5 Home $ 24,211 $ 32,055 $ 4,843 $ 7,112 Office $ 7,392 $ 5,192 $ (475 ) $ (1,102 ) Mobile $ 4,561 $ - $ (1,408 ) $ (3,150 ) Total $ 36,164 $ 37,247 $ 2,960 $ 2,860 Six months ended June 30, Revenues Income (loss) from operations 201 6 201 5 201 6 201 5 Home $ 42,866 $ 66,406 $ 6,321 $ 14,288 Office $ 12,470 $ 8,876 $ (2,498 ) $ (1,715 ) Mobile $ 8,487 $ - $ (2,225 ) $ (6,987 ) Total $ 63,823 $ 75,282 $ 1,598 $ 5,586
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three months Six months Income from operations $ 2,960 $ 1,598 Unallocated corporate, general and administrative expenses (450 ) (950 ) Equity-based compensation expenses (1,259 ) (2,244 ) Intangible assets amortization expenses (321 ) (642 ) Financial income, net 273 565 Total consolidated income before taxes $ 1,203 $ (1,673 ) Three months Six months Income from operations $ 2,860 $ 5,586 Unallocated corporate, general and administrative expenses (503 ) (1,141 ) Equity-based compensation expenses (1,411 ) (2,664 ) Intangible assets amortization expenses (321 ) (642 ) Financial income, net 291 626 Total consolidated income before taxes $ 916 $ 1,765

Note N - Accumulated Other Co32

Note N - Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on cash flow hedges Unrealized gains (losses) on components of defined benefit plans Unrealized gains (losses) on foreign currency translation Total Beginning balance $ (62 ) $ 162 $ (348 ) $ (336 ) $ (584 ) Other comprehensive income (loss) before reclassifications 205 (110 ) - 18 113 Losses (gains) reclassified from accumulated other comprehensive income (loss) 7 (14 ) 4 - (3 ) Net current period other comprehensive income (loss) 212 (124 ) 4 18 110 Ending balance $ 150 $ 38 $ (344 ) $ (318 ) $ (474 ) Unrealized gains (losses) on available-for-sale marketable securities Unrealized gains (losses) on Cash Flow Hedges Unrealized gains (losses) on components of defined benefit plans Unrealized gains (losses) on foreign currency translation Total Beginning balance $ (501 ) $ (35 ) $ (352 ) $ (379 ) $ (1,267 ) Other comprehensive income (loss) before reclassifications 618 58 - 61 737 Losses reclassified from accumulated other comprehensive income (loss) 33 15 8 - 56 Net current period other comprehensive income 651 73 8 61 793 Ending balance $ 150 $ 38 $ (344 ) (318 ) $ (474 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement of Income Losses on available-for-sale marketable securities $ 7 Financial income, net - Provision for income taxes 7 Total, net of income taxes Gains on cash flow hedges (11 ) Research and development (1 ) Sales and marketing (2 ) General and administrative (14 ) Total, before income taxes - Provision for income taxes (14 ) Total, net of income taxes Losses on components of defined benefit plans 2 Research and development 2 Sales and marketing 4 Total, before income taxes - Provision for income taxes 4 Total, net of income taxes Total reclassifications for the period $ (3 ) Total, net of income taxes Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement of Income Losses on available-for-sale marketable securities $ 33 Financial income, net - Provision for income taxes 33 Total, net of income taxes Losses on cash flow hedges 12 Research and development 1 Sales and marketing 2 General and administrative 15 Total, before income taxes - Provision for income taxes 15 Total, net of income taxes Losses on components of defined benefit plans 4 Research and development 4 Sales and marketing 8 Total, before income taxes - Provision for income taxes 8 Total, net of income taxes Total reclassifications for the period $ 56 Total, net of income taxes

Note B - Inventories (Details T

Note B - Inventories (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Inventory Write-down	$ 151	$ 311

Note B - Components of Inventor

Note B - Components of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Work-in-process	$ 7,278	$ 6,384
Finished goods	5,572	5,069
	$ 12,850	$ 11,453

Note C - Net Income (Loss) Per

Note C - Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
	$ 1,080	$ 730	$ (1,833)	$ 1,503
Basic (in dollars per share)	$ 0.05	$ 0.03	$ (0.08)	$ 0.07
Diluted (in dollars per share)	$ 0.05	$ 0.03	$ (0.08)	$ 0.06
Weighted average number of shares of common stock outstanding during the period used to compute basic net earnings (loss) per share (in thousands) (in shares)	21,739	22,064	21,725	22,115
Incremental shares attributable to exercise of outstanding options, stock appreciation rights and restricted stock units (assuming proceeds would be used to purchase treasury stock) (in thousands) (in shares)	1,106	1,653		1,686
Weighted average number of shares of common stock used to compute diluted net earnings (loss) per share (in thousands) (in shares)	22,845	23,717	21,725	23,801

Note D - Marketable Securitie36

Note D - Marketable Securities and Time Deposits (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	$ 0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	34,094,000
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	159,000
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	94,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	65,000
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities	21,500,000	$ 4,068,000
Proceeds from Sale of Available-for-sale Securities	7,987,000	10,332,000
Gain (Loss) on Sale of Securities, Net	$ (33,000)	$ (26,000)

Note D - Marketable Securitie37

Note D - Marketable Securities and Time Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Short-term Deposits [Member]
Marketable debt securities, amortized cost	$ 5,632	$ 5,568
Marketable securities and time deposits, unrealized gains (losses), net
Marketable debt securities, estimated fair value	5,632	5,568
US Government-sponsored Enterprises Debt Securities [Member]
Marketable debt securities, amortized cost	22,321	23,645
Marketable securities and time deposits, unrealized gains (losses), net	(24)	(114)
Marketable debt securities, estimated fair value	22,297	23,531
Corporate Debt Securities [Member]
Marketable debt securities, amortized cost	76,643	79,072
Marketable securities and time deposits, unrealized gains (losses), net	174	(387)
Marketable debt securities, estimated fair value	76,817	78,685
Marketable debt securities, amortized cost	104,596	108,285
Marketable securities and time deposits, unrealized gains (losses), net	150	(501)
Marketable debt securities, estimated fair value	$ 104,746	$ 107,784

Note D - Marketable Debt Securi

Note D - Marketable Debt Securities by Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Securities [Member] | Due in One Year or Less [Member]
Marketable debt securities, amortized cost	$ 22,769
Marketable debt securities, unrealized gains	19
Marketable debt securities, unrealized losses	(4)
Marketable debt securities, estimated fair value	22,784
Debt Securities [Member] | Due after One Year to Five Years [Member]
Marketable debt securities, amortized cost	81,827
Marketable debt securities, unrealized gains	290
Marketable debt securities, unrealized losses	(155)
Marketable debt securities, estimated fair value	81,962
Debt Securities [Member]
Marketable debt securities, amortized cost	104,596
Marketable debt securities, unrealized gains	309
Marketable debt securities, unrealized losses	(159)
Marketable debt securities, estimated fair value	104,746
Marketable debt securities, amortized cost	104,596	$ 108,285
Marketable debt securities, estimated fair value	$ 104,746	$ 107,784

Note E - Taxes on Income (Detai

Note E - Taxes on Income (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 0	$ 0	$ 0	$ 0
Unrecognized Tax Benefits	1,660,000		1,660,000		$ 1,711,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 272,000		$ 272,000		$ 180,000

Note F - Significant Customers

Note F - Significant Customers (Details Textual) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Vtech Holdings Ltd [Member]
Concentration Risk, Percentage	29.00%	31.00%	30.00%	31.00%
Guo Wei Electronics [Member]
Concentration Risk, Percentage	8.00%	12.00%	8.00%	11.00%
Samsung Mobile [Member]
Concentration Risk, Percentage	13.00%	0.00%	13.00%	0.00%
Ascend Technology Inc [Member]
Concentration Risk, Percentage	17.00%	18.00%	16.00%	17.00%
Tomen Electronics Corporation [Member]
Concentration Risk, Percentage	12.00%	18.00%	10.00%	16.00%
Panasonic Communications Corporation [Member]
Concentration Risk, Percentage	10.00%	15.00%	8.00%	13.00%

Note G - Derivative Instrumen41

Note G - Derivative Instruments (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Foreign Exchange Contract [Member]
Price Risk Cash Flow Hedge Asset, at Fair Value	$ 0	$ 0
Foreign Exchange Option [Member]
Price Risk Cash Flow Hedge Asset, at Fair Value	8,600,000	8,600,000
Foreign Exchange Forward Contracts and Put Options [Member] | Other Accounts Receivable [Member]
Derivative Assets (Liabilities), at Fair Value, Net	38,000	38,000	$ 0
Research and Development Expense [Member]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	11,000	12,000
Selling and Marketing Expense [Member]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	1,000	1,000
General and Administrative Expense [Member]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	2,000	2,000
Derivative Asset	82,000	82,000
Derivative Liability	44,000	44,000
Derivative Assets (Liabilities), at Fair Value, Net	$ 38,000	$ 38,000	$ (36,000)

Note G - The Fair Value of the

Note G - The Fair Value of the Derivative Instruments (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Foreign Exchange Forward Contracts and Put Options [Member] | Accounts Payable and Accrued Liabilities [Member]
Derivative Assets (Liabilities), at Fair Value, Net	$ 0	$ (36,000)
Foreign Exchange Forward Contracts and Put Options [Member] | Other Accounts Receivable [Member]
Derivative Assets (Liabilities), at Fair Value, Net	38,000	0
Derivative Assets (Liabilities), at Fair Value, Net	$ 38,000	$ (36,000)

Note G - Effect of Derivative I

Note G - Effect of Derivative Instruments in Cash Flow Hedging Transactions on Income and Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Gains Losses on Derivatives Recognized in OCI [Member]
Foreign exchange forward and option contracts	$ (110)	$ 454	$ 58	$ 162
Foreign exchange forward and option contracts	$ 14	$ (145)	$ (15)	$ (625)

Note G - Gains (Losses) on Deri

Note G - Gains (Losses) on Derivatives Reclassified from OCI to Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Foreign exchange forward and option contracts	$ 14	$ (145)	$ (15)	$ (625)

Note I - Equity-based Compens45

Note I - Equity-based Compensation (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended		24 Months Ended	54 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)shares	Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2011	Jun. 30, 2016USD ($)$ / sharesshares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 9.40
Share-based Compensation Arrangement by Share-based Payment Award Fair Value Assumptions Postvest Cancellation Rate	4.32%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		0
Stock Appreciation Rights (SARs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant as Percentage of Company Outstanding Common Stock					75.00%	50.00%	66.67%	50.00%
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,056,000		1,056,000					1,056,000
Equity Incentive Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	644,000		644,000					644,000
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award Options and Stock Appreciation Rights, Exercisable Number	1,814		1,814					1,814
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			24,000
Share-based Compensation Arrangement by Share-based Payment Award Number of Expired Equity Incentive Plans	3		3					3
Share-based Compensation Arrangement by Share-based Payment Award Number of Employee Purchase Plans	1		1					1
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	10.61		10.61					10.61
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares to be Issued Upon Exercise of Outstanding Awards	2,971		2,971					2,971
Share Price | $ / shares	$ 10.61		$ 10.61					$ 10.61
Allocated Share-based Compensation Expense | $	$ 1,259,000	$ 1,411,000	$ 2,244,000	$ 2,664,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $	0	$ 0	0	$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $	$ 5,465,000		$ 5,465,000					$ 5,465,000

Note I - Stock Options, SARs an

Note I - Stock Options, SARs and RSUs Activity (Details) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
		Jun. 30, 2016
Outstanding at March 31, 2016 (in shares)		3,901,000
Outstanding at March 31, 2016 (in dollars per share)		$ 5.67
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		0
Options granted (in dollars per share)		$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		24,000
Options / SARs / RSUs cancelled/forfeited/expired (in shares)		(131,000)
Options / SARs / RSUs cancelled/forfeited/expired (in dollars per share)		$ 6.20
Options / SARs exercised and RSUs vested (in shares)		(337,000)
Options / SARs exercised and RSUs vested (in dollars per share)		$ 5.69
Outstanding at June 30, 2016 (1) (in shares)	[1]	3,457,000
Outstanding at June 30, 2016 (1) (in dollars per share)	[1]	$ 5.61
Outstanding at June 30, 2016 (1)	[1],[2]	2 years 302 days
Outstanding at June 30, 2016 (1)	[1],[3]	$ 17,811
Exercisable at June 30, 2016 (2) (in shares)	[4]	2,300,000
Exercisable at June 30, 2016 (2) (in dollars per share)	[4]	$ 7.55
Exercisable at June 30, 2016 (2)	[3],[4]	$ 7,516
[1]	Due to the ceiling imposed on the stock appreciation right ("SAR") grants, the outstanding amount above can be exercised for a maximum of 2,971 shares of the Company's common stock as of June 30, 2016. 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 SARs 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 SARs 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 SARs 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 SARs subject to the grant.
[2]	Calculation of weighted average remaining contractual term does not include the RSUs that were granted, which have indefinite contractual term.
[3]	Calculation of aggregate intrinsic value is based on the share price of the Company's common stock on June 30, 2016 ($10.61 per share).
[4]	Due to the ceiling imposed on the SAR grants, the exercisable amount above can be exercised for a maximum of 1,814 shares of the Company's common stock as of June 30, 2016.

Note I - Company's Stock Option

Note I - Company's Stock Options and SAR Units Outstanding and Exercisable (Details) shares in Thousands	Jun. 30, 2016$ / sharesshares
Range 1 [Member]
Number of Options/ SARs / RSUs - Exercisable (in shares) | shares	170
Weighted Average Exercise Price - Exercisable (in dollars per share) | $ / shares	$ 13.41
Number of Options/ SARs / RSUs - Unexercisable (in shares) | shares	79
Weighted Average Exercise Price - Unexercisable (in dollars per share) | $ / shares	$ 11.38
Number of Options/ SARs / RSUs (in shares) | shares	249
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 12.77
Range 2 [Member]
Number of Options/ SARs / RSUs - Exercisable (in shares) | shares	2,130
Weighted Average Exercise Price - Exercisable (in dollars per share) | $ / shares	$ 7.08
Number of Options/ SARs / RSUs - Unexercisable (in shares) | shares	1,078
Weighted Average Exercise Price - Unexercisable (in dollars per share) | $ / shares	$ 1.06
Number of Options/ SARs / RSUs (in shares) | shares	3,208
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 5.06
Number of Options/ SARs / RSUs - Exercisable (in shares) | shares	2,300
Weighted Average Exercise Price - Exercisable (in dollars per share) | $ / shares	$ 7.55
Number of Options/ SARs / RSUs - Unexercisable (in shares) | shares	1,157
Weighted Average Exercise Price - Unexercisable (in dollars per share) | $ / shares	$ 1.76
Number of Options/ SARs / RSUs (in shares) | shares	3,457
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 5.61

Note J - Pension Liability (Det

Note J - Pension Liability (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Defined Benefit Pension Plan, Liabilities, Noncurrent	$ 727	$ 684

Note J - Components of Net Peri

Note J - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Components of net periodic benefit cost:
Service cost and amortization of loss	$ 10	$ 12
Interest cost	9	9
Expected return on plan assets	(1)	(2)
Net periodic benefit cost	$ 18	$ 19

Note K - Fair Value Measureme50

Note K - Fair Value Measurements of Assets and Liabilities on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Cash equivalents:
Money market mutual funds	$ 1,117	$ 1,089
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Cash equivalents:
Money market mutual funds
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Cash equivalents:
Money market mutual funds
Money Market Funds [Member]
Cash equivalents:
Money market mutual funds	1,117	1,089
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Short-term marketable securities and cash deposits:
Short-term securities
Long-term marketable securities:
Long-term securities
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Short-term marketable securities and cash deposits:
Short-term securities	376
Long-term marketable securities:
Long-term securities	21,921	23,531
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Short-term marketable securities and cash deposits:
Short-term securities
Long-term marketable securities:
Long-term securities
US Government-sponsored Enterprises Debt Securities [Member]
Short-term marketable securities and cash deposits:
Short-term securities	376
Long-term marketable securities:
Long-term securities	21,921	23,531
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Short-term marketable securities and cash deposits:
Short-term securities
Long-term marketable securities:
Long-term securities
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Short-term marketable securities and cash deposits:
Short-term securities	16,776	12,501
Long-term marketable securities:
Long-term securities	60,041	66,184
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Short-term marketable securities and cash deposits:
Short-term securities
Long-term marketable securities:
Long-term securities
Corporate Debt Securities [Member]
Short-term marketable securities and cash deposits:
Short-term securities	16,776	12,501
Long-term marketable securities:
Long-term securities	60,041	66,184
Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Long-term marketable securities:
Derivative Assets
Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Long-term marketable securities:
Derivative Assets	38
Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Long-term marketable securities:
Derivative Assets
Derivative Financial Instruments, Assets [Member]
Long-term marketable securities:
Derivative Assets	$ 38
Fair Value, Inputs, Level 1 [Member] | Derivative Financial Instruments, Liabilities [Member]
Long-term marketable securities:
Derivative liabilities
Fair Value, Inputs, Level 2 [Member] | Derivative Financial Instruments, Liabilities [Member]
Long-term marketable securities:
Derivative liabilities		(36)
Fair Value, Inputs, Level 3 [Member] | Derivative Financial Instruments, Liabilities [Member]
Long-term marketable securities:
Derivative liabilities
Derivative Financial Instruments, Liabilities [Member]
Long-term marketable securities:
Derivative liabilities		$ (36)

Note L - Stockholders' Equity (

Note L - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Treasury Stock, Shares, Acquired			407,906
Treasury Stock Acquired, Average Cost Per Share			$ 9.01
Treasury Stock, Value, Acquired, Cost Method	$ 1,270	$ 4,899	$ 3,676	$ 6,346
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	497,134		497,134
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			578,000

Note M - Segment Information (D

Note M - Segment Information (Details Textual)	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Product Concentration Risk [Member] | Sales Revenue, Segment [Member] | Home [Member] | Telephony [Member]
Concentration Risk, Percentage	56.00%		72.00%	55.00%	74.00%
Product Concentration Risk [Member] | Sales Revenue, Segment [Member] | Home [Member] | Gateway [Member]
Concentration Risk, Percentage	7.00%		11.00%	8.00%	12.00%
Product Concentration Risk [Member] | Sales Revenue, Segment [Member] | Office [Member] | Gateway [Member]
Concentration Risk, Percentage	20.00%		14.00%	20.00%	12.00%
Product Concentration Risk [Member] | Sales Revenue, Segment [Member] | Mobile [Member]
Concentration Risk, Percentage	13.00%		0.00%
Number of Reportable Segments		3

Note M - Selected Operating Res

Note M - Selected Operating Results (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Home [Member]
Revenue	$ 24,211	$ 32,055	$ 42,866	$ 66,406
Income from operations	4,843	7,112	6,321	14,288
Office [Member]
Revenue	7,392	5,192	12,470	8,876
Income from operations	(475)	(1,102)	(2,498)	(1,715)
Mobile [Member]
Revenue	4,561		8,487
Income from operations	(1,408)	(3,150)	(2,225)	(6,987)
Revenue	36,164	37,247	63,823	75,282
Income from operations	$ 2,960	$ 2,860	$ 1,598	$ 5,586

Note M - Reconciliation of Segm

Note M - Reconciliation of Segment Operating Results (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income from operations	$ 2,960,000	$ 2,860,000	$ 1,598,000	$ 5,586,000
Unallocated corporate, general and administrative expenses	(450,000)	(503,000)	(950,000)	(1,141,000)
Equity-based compensation expenses	(1,259,000)	(1,411,000)	(2,244,000)	(2,664,000)
Intangible assets amortization expenses	(321,000)	(321,000)	(642,000)	(642,000)
Financial income, net	273,000	291,000	565,000	626,000
Total consolidated income before taxes	$ 1,203,000	$ 916,000	$ (1,673,000)	$ 1,765,000

Note N - Changes in Accumulated

Note N - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Beginning balance	$ (62)		$ (501)
Other comprehensive income (loss) before reclassifications	205		618
Losses (gains) reclassified from accumulated other comprehensive income (loss)	7		33
Net current period other comprehensive income (loss)	212		651
Ending balance	150		150
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Beginning balance	162		(35)
Other comprehensive income (loss) before reclassifications	(110)		58
Losses (gains) reclassified from accumulated other comprehensive income (loss)	(14)		15
Net current period other comprehensive income (loss)	(124)		73
Ending balance	38		38
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Beginning balance	(348)		(352)
Other comprehensive income (loss) before reclassifications
Losses (gains) reclassified from accumulated other comprehensive income (loss)	4		8
Net current period other comprehensive income (loss)	4		8
Ending balance	(344)		(344)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Beginning balance	(336)		(379)
Other comprehensive income (loss) before reclassifications	18		61
Losses (gains) reclassified from accumulated other comprehensive income (loss)
Net current period other comprehensive income (loss)	18		61
Ending balance	(318)		(318)
Beginning balance	(584)		(1,267)
Other comprehensive income (loss) before reclassifications	113		737
Losses (gains) reclassified from accumulated other comprehensive income (loss)	(3)		56
Net current period other comprehensive income (loss)	110	$ 50	793	$ 636
Ending balance	$ (474)		$ (474)

Note N - Reclassifications Out

Note N - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Financial income, net		$ 7		$ 33
		7		33
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
		(14)		15
		(11)		12
		(1)		1
		(2)		2
Total consolidated income before taxes		(14)		15
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
		4		8
		2		4
		2		4
Total consolidated income before taxes		4		8
Reclassification out of Accumulated Other Comprehensive Income [Member]
		(3)		56
Financial income, net		273	$ 291	565	$ 626
		1,080	730	(1,833)	1,503
	[1]	9,036	8,855	17,925	17,971
	[2]	3,323	2,974	6,715	6,037
	[3]	2,275	2,460	4,558	4,981
Total consolidated income before taxes		$ 1,203	$ 916	$ (1,673)	$ 1,765
[1]	Includes equity-based compensation expense in the amount of $521 and $613 for the three months ended June 30, 2016 and 2015, respectively; and $947 and $1,151 for the six months ended June 30, 2016 and 2015, respectively.
[2]	Includes equity-based compensation expense in the amount of $194 and $178 for the three months ended June 30, 2016 and 2015, respectively; and $325 and $330 for the six months ended June 30, 2016 and 2015, respectively.
[3]	Includes equity-based compensation expense in the amount of $461 and $537 for the three months ended June 30, 2016 and 2015, respectively; and $828 and $1,030 for the six months ended June 30, 2016 and 2015, respectively.

Note O - Government Grants (Det

Note O - Government Grants (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Financial Grants in Support of Research and Development	$ 1	$ 1.6	$ 1.6	$ 1.6
Financial Grants in Support of Research and Development Royalty Obligation	5.00%		5.00%