7Baggers
Quarterly
Annual
    Unit: USD2023-03-31 2022-09-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2005-12-31 2004-12-31 
      
    		                                                         
      assets
    		                                                         
      current assets:
    		                                                         
      cash and cash equivalents
    		154,495,000 175,191,000 251,134,000 523,668,000 614,888,000 605,177,000 552,918,000 498,796,000 532,044,000 513,354,000 509,361,000 560,667,000 632,986,000 567,451,000 566,469,000 825,600 641,989,000 576,611,000 569,193,000 503,321,000 430,713,000 600,399,000 549,646,000 365,638,000 438,732,000 576,757,000 523,214,000 487,695,000 438,998,000 481,641,000 283,219,000 258,615,000 317,873,000 209,967,000 207,455,000 350,611,000 273,558,000 237,284,000 276,995,000 288,135,000 191,247,000 238,266,000 150,001,000 161,510,000 107,703,000 78,872,000 54,157,000 89,477,000 86,309,000 98,439,000 81,704,000 72,862,000 80,755,000 68,828,000 66,253,000 72,828,000 98,630,000 
      short-term and current maturities of long-term bank deposits
    		119,980,000   35,573,000             174,158,000 296,188,000 419,324,000 556,121,000 806,558,000 782,813,000 555,127,000 540,326,000 532,624,000 648,297,000                                
      marketable securities
    		575,814,000 568,671,000 522,028,000 413,322,000 410,590,000 418,480,000 521,041,000 543,204,000 590,286,000 595,383,000 542,032,000 496,948,000 506,751,000 481,883,000 488,582,000 596,744 597,533,000 549,821,000 403,261,000 339,444,000 207,712,000 3,548,000 3,422,000 3,512,000 3,521,000 3,572,000 3,502,000 3,482,000 3,425,000 3,458,000 3,417,000 3,364,000 3,305,000 3,255,000 3,102,000 3,127,000 2,818,000 3,183,000 3,172,000 3,110,000 3,043,000 7,835,000 2,901,000 2,889,000 2,786,000 3,684,000 3,693,000 5,156,000 2,695,000         
      accounts receivable and other:
    		                                                         
      trade
    		202,260,000 248,495,000 246,972,000 196,671,000 216,833,000 213,539,000 228,825,000 231,670,000 189,301,000 235,221,000 227,327,000 247,500,000 213,514,000 237,945,000 223,791,000 224,007 209,135,000 206,455,000 197,799,000 201,710,000 185,881,000 203,924,000 251,623,000 249,750,000 289,803,000 238,611,000 279,538,000 247,278,000 196,795,000 222,427,000 225,653,000 178,732,000 103,526,000 138,772,000 127,010,000 127,318,000 116,599,000 119,810,000 134,590,000 130,285,000   120,832,000 102,660,000 83,135,000 81,815,000 76,031,000 78,018,000 76,671,000 72,695,000    62,098,000  52,954,000 124,674,000 
      other receivables and prepaid expenses
    		57,210,000 53,097,000 59,727,000 59,785,000 55,596,000 53,347,000 49,963,000 44,947,000 45,082,000 35,567,000 21,115,000 26,312,000 22,645,000 21,393,000 23,600,000 30,918 25,184,000 122,965,000 168,160,000 176,298,000 157,755,000 266,280,000 275,103,000 269,150,000 271,443,000 270,724,000 275,025,000 271,900,000 257,228,000 250,911,000 262,782,000 227,659,000 206,265,000 162,392,000 158,002,000 146,040,000 133,760,000 119,768,000 109,711,000 111,335,000 101,775,000 98,501,000 94,344,000 83,207,000 68,865,000 52,763,000           16,621,000 
      inventories
    		226,669,000 215,524,000 210,439,000 182,928,000 182,860,000 180,292,000 169,527,000 167,213,000 166,223,000 153,073,000 157,875,000 148,439,000 148,283,000 148,079,000 148,047,000 153,107 141,034,000 144,595,000 149,186,000 150,191,000 144,354,000 141,045,000 145,955,000 149,603,000 147,945,000 138,553,000 126,875,000 125,856,000 119,382,000 120,272,000 125,077,000 125,778,000 127,441,000 117,639,000 119,822,000 112,042,000 112,537,000 109,626,000 110,732,000 109,891,000 104,049,000 109,638,000 107,378,000 92,883,000 90,910,000 86,024,000 78,120,000 75,588,000 75,273,000 65,341,000 66,922,000 65,522,000 66,647,000 66,099,000 70,999,000 76,192,000  
      total current assets
    		1,336,428,000 1,356,608,000 1,337,886,000 1,411,947,000 1,480,767,000 1,470,835,000 1,522,274,000 1,485,830,000 1,522,936,000 1,532,598,000 1,457,710,000 1,479,866,000 1,533,655,000 1,482,720,000 1,461,748,000 1,865,004 1,833,199,000 1,896,635,000 1,906,923,000 1,927,085,000 1,934,056,000 1,999,024,000 1,781,875,000 1,579,041,000 1,685,126,000 1,877,595,000 1,865,170,000 1,708,424,000 1,570,950,000 1,513,807,000 1,351,573,000 1,214,763,000 1,094,712,000 1,051,271,000 978,365,000 1,096,366,000 975,574,000 909,771,000 841,672,000 770,824,000 678,716,000 653,661,000 581,431,000 488,231,000 395,511,000 344,725,000 288,557,000 314,559,000 294,330,000 272,378,000 280,956,000 244,357,000 232,620,000 226,630,000 244,558,000 221,698,000 333,114,000 
      long-term marketable securities
    		404,896,000  435,189,000       459,639,000                                                
      property, plant and equipment
    		190,139,000 191,489,000 199,692,000 196,632,000 202,031,000 205,508,000 206,296,000 207,923,000 209,228,000 209,961,000 206,692,000 206,727,000 205,654,000 206,242,000 197,896,000 198,097 194,797,000 193,727,000 190,468,000 187,937,000 183,415,000 180,085,000 173,446,000 171,427,000 164,598,000 159,459,000 153,343,000 151,053,000 152,902,000 153,045,000 153,488,000 154,199,000 154,939,000 151,416,000 150,960,000 145,527,000 144,073,000 145,265,000 145,762,000 146,812,000 147,779,000 150,750,000 152,532,000 154,565,000 159,424,000 161,671,000 163,183,000 171,210,000 172,212,000 180,440,000 185,159,000 182,406,000 183,111,000 186,543,000 196,466,000 269,419,000  
      deferred income taxes
    		103,672,000 124,167,000 124,882,000 125,449,000 130,832,000 142,007,000 134,799,000 143,297,000 105,389,000 106,693,000 114,193,000 111,809,000 108,852,000 110,974,000 118,915,000 126,755 122,408,000 87,257,000 79,643,000 125,597,000 137,706,000                 5,489,000     12,302,000       3,373,000    1,096,000  462,000 31,387,000 
      goodwill
    		17,231,000 12,718,000 11,820,000                                   7,277,000     7,277,000       7,265,000    7,217,000  7,232,000  
      other assets
    		83,147,000 64,711,000 66,893,000 30,191,000 30,797,000 31,314,000 32,207,000 32,258,000 31,743,000 32,361,000 33,318,000 33,526,000 32,495,000 31,068,000 30,533,000 29,940 29,340,000 29,952,000 30,629,000 31,311,000 31,094,000 39,959,000 33,173,000 33,873,000 34,923,000 35,806,000 20,604,000 20,718,000 23,746,000 24,563,000 25,981,000 26,873,000 27,914,000 28,795,000 29,942,000 26,600,000 27,477,000  29,945,000 30,013,000 31,018,000 32,041,000  45,239,000 50,185,000 60,211,000 71,988,000 33,485,000 31,203,000  28,853,000 29,697,000 31,430,000     
      total assets
    		2,135,513,000 2,107,279,000 2,176,362,000 2,317,158,000 2,413,305,000 2,406,873,000 2,371,824,000 2,346,108,000 2,379,693,000 2,341,252,000 2,290,963,000 2,249,706,000 2,172,200,000 2,135,326,000 2,069,518,000 2,555,506 2,477,889,000 2,433,210,000 2,421,889,000 2,413,817,000 2,357,647,000 2,289,753,000 2,247,179,000 2,150,779,000 2,168,323,000 2,188,033,000 2,070,473,000 1,901,491,000 1,789,017,000 1,737,745,000 1,599,018,000 1,447,923,000 1,346,772,000 1,284,376,000 1,205,024,000 1,291,911,000 1,170,375,000 1,106,636,000 1,045,308,000 966,382,000 876,185,000 856,424,000 795,845,000 713,916,000 636,816,000 597,581,000 553,901,000 545,207,000 520,254,000 508,300,000 524,721,000 477,941,000 467,120,000 473,098,000 507,198,000 579,011,000 696,847,000 
      liabilities and shareholders’ equity
    		                                                         
      current liabilities:
    		                                                         
      accounts payable:
    		                                                         
      trade payables
    		68,484,000 61,356,000 68,232,000 55,228,000 62,066,000 61,166,000 45,409,000 39,967,000 36,302,000 28,858,000 37,035,000 38,409,000 37,210,000 35,060,000 32,500,000 30,207 26,513,000 25,697,000 23,885,000                   19,387,000     23,321,000       29,768,000      20,527,000  
      settlement and loss contingencies
    		140,553,000                                                         
      returns reserve
    		55,865,000                                                         
      accrued income taxes
    		33,011,000                                                         
      accrued expenses
    		23,953,000                                                         
      employees and payroll accruals
    		23,055,000                                                         
      medicaid and indirect rebates
    		22,403,000                                                         
      other current liabilities
    		18,224,000 313,495,000 363,886,000 558,730,000 667,084,000 615,135,000 538,668,000 547,349,000 560,185,000 193,873,000 177,144,000 171,092,000 152,023,000 181,761,000 186,139,000 172,852 166,116,000 190,059,000 189,688,000                   161,814,000     149,989,000       71,840,000      42,481,000  
      total current liabilities
    		385,548,000 374,851,000 432,118,000 613,958,000 729,150,000 676,301,000 584,077,000 587,316,000 596,487,000 222,731,000 214,179,000 209,501,000 189,233,000 216,821,000 218,639,000 203,059 192,629,000 215,756,000 213,573,000 201,546,000 205,767,000 209,837,000 239,463,000 225,972,000 243,378,000 245,462,000 290,418,000 275,970,000 249,004,000 310,005,000 266,521,000 234,684,000 250,495,000 253,304,000 243,933,000 227,390,000 211,463,000 192,531,000 173,842,000 172,189,000 158,111,000 198,899,000 190,383,000 173,006,000 132,362,000 134,444,000 132,934,000 195,107,000 214,972,000 220,808,000 225,503,000 193,059,000 185,178,000  206,312,000 170,285,000 131,529,000 
      long-term liabilities:
    		                                                         
      other long-term liabilities
    		19,106,000  32,799,000       5,367,000                            3,996,000     4,934,000       5,512,000      4,931,000  
      total long-term liabilities
    		19,106,000  32,799,000       8,762,000                            23,144,000     34,399,000             171,861,000  
      commitments and contingent liabilities
    		                                                         
      total liabilities
    		404,654,000 400,999,000 464,917,000 644,050,000 755,249,000 711,416,000 621,251,000 627,363,000 705,555,000 231,493,000 222,359,000 218,400,000 197,355,000 224,204,000 223,999,000 207,717 197,825,000 222,811,000 218,415,000 206,316,000 211,762,000 215,947,000 244,920,000 231,152,000 248,895,000 250,889,000 295,013,000 285,619,000 259,004,000 320,362,000 276,587,000 244,987,000 260,827,000 263,783,000 255,160,000 249,901,000 243,300,000 215,675,000 197,202,000 205,199,000 191,298,000 233,466,000 224,782,000 210,956,000 177,269,000 177,019,000 175,242,000 247,699,000 264,158,000 270,473,000 296,033,000 266,869,000 268,528,000  301,156,000 342,146,000  
      shareholders’ equity:
    		                                                         
      taro shareholders' equity:
    		                                                         
      ordinary shares of nis 0.0001 par value:
    		                                                         
      authorized at march 31, 2023 and march 31, 2022: 200,000,000 shares;
    		                                                         
      issued at march 31, 2023 and march 31, 2022: 45,116,262 shares
    		                                                         
      outstanding at march 31, 2023 and march 31, 2022: 37,584,631 shares
    		679,000                                                         
      founders’ shares of nis 0.00001 par value:
    		                                                         
      authorized, issued and outstanding at march 31, 2023 and march 31, 2022:
    		                                                         
      2,600 shares
    		1,000  1,000       1,000                                              1,000  
      additional paid-in capital
    		262,445,000  262,445,000       262,445,000                            261,008,000     253,577,000             163,769,000 184,562,000 
      accumulated other comprehensive loss, net of taxes
    		-174,996,000  -168,965,000       -163,037,000                                                
      treasury stock
    		         -721,494,000                            -1,329,000     -1,329,000             -1,387,000  
      7,531,631 shares
    		-771,406,000                                                         
      accumulated earnings
    		2,414,136,000  2,388,691,000       2,725,270,000                            609,245,000     295,787,000               
      total shareholders’ equity
    		1,730,859,000  1,711,445,000       2,109,759,000                            890,961,000     571,063,000             236,865,000 368,120,000 
      total liabilities and shareholders’ equity
    		2,135,513,000 2,107,279,000 2,176,362,000       2,341,252,000                    1,737,745,000 1,599,018,000 1,447,923,000 1,346,772,000 1,284,376,000 1,205,024,000 1,291,911,000 1,170,375,000 1,106,636,000 1,045,308,000 966,382,000 876,185,000 856,424,000 795,845,000 713,916,000 636,816,000 597,581,000 553,901,000 545,207,000  508,300,000      579,011,000 696,847,000 
      short-term bank deposits
    		 95,630,000 47,586,000                        655,982,000 571,147,000 555,122,000 434,899,000 451,157,000 420,333,000 335,999,000 418,946,000 362,901,000 357,157,000 328,803,000 312,603,000 198,973,000 120,570,000 151,317,000 72,440,000 89,814,000 44,641,000 41,642,000 41,105,000 31,000,000 37,250,000 26,295,000 9,427,000 23,063,000   10,000,000    
      deferred taxes and other long-term liabilities
    		 26,148,000  30,092,000 26,099,000 35,115,000 37,174,000 40,047,000 109,068,000  8,180,000 8,899,000 8,122,000 7,383,000 5,360,000 4,658 5,196,000 7,055,000 4,842,000 4,770,000 5,995,000 6,110,000 5,457,000 5,180,000 5,517,000 5,427,000 4,595,000 5,150,000  5,381,000 4,857,000 4,864,000  4,591,000 5,120,000 5,139,000   6,116,000 6,049,000 6,240,000 6,618,000  7,258,000 11,839,000 10,491,000 11,100,000           
      taro shareholders’ equity
    		 1,706,280,000                            1,411,719,000 1,316,794,000 1,197,431,000 1,080,759,000 1,015,507,000 944,697,000 1,036,943,000 931,311,000 886,347,000 843,391,000 756,842,000 680,678,000 619,008,000 567,264,000 499,109,000              
      authorized at march 31, 2022 and march 31, 2021: 200,000,000 shares;
    		                                                         
      issued at march 31, 2022 and march 31, 2021: 45,116,262 shares
    		                                                         
      outstanding at march 31, 2022 and march 31, 2021:
    		                                                         
      37,584,631 and 37,926,044 shares, respectively
    		  679,000                                                       
      authorized, issued and outstanding at march 31, 2022 and march 31, 2021:
    		                                                         
      7,531,631 and 7,190,218 shares, respectively
    		  -771,406,000                                                       
      taro shareholders' equity
    		  1,711,445,000 1,673,108,000 1,658,056,000 1,703,649,000 1,759,668,000 1,727,957,000 1,683,279,000 2,103,864,000 2,062,934,000 2,025,630,000 1,969,201,000 1,905,536,000 1,839,976,000 2,342,409 2,274,672,000 2,205,158,000 2,198,374,000 2,201,042,000 2,139,515,000 2,067,494,000 1,995,923,000 1,913,385,000 1,913,429,000 1,931,142,000 1,769,522,000 1,610,032,000 1,524,312,000                455,411,000 417,066,000            
      non-controlling interest
    		     -8,192,000 -9,095,000 -9,212,000 -9,141,000 5,895,000 5,670,000 5,676,000 5,644,000 5,586,000 5,543,000 5,380 5,392,000 5,241,000 5,100,000 6,459,000 6,370,000 6,312,000 6,336,000 6,242,000 5,999,000 6,002,000 5,938,000 5,840,000 5,701,000 5,664,000 5,637,000 5,505,000 5,186,000 5,086,000 5,167,000 5,067,000 4,764,000 4,614,000 4,715,000 4,341,000 4,209,000 3,950,000 3,799,000 3,851,000 4,136,000 3,496,000            
      liabilities and shareholders' equity
    		                                                         
      total liabilities and shareholders' equity
    		   2,317,158,000 2,413,305,000 2,406,873,000 2,371,824,000 2,346,108,000 2,379,693,000  2,290,963,000 2,249,706,000 2,172,200,000 2,135,326,000 2,069,518,000 2,555,506 2,477,889,000 2,433,210,000 2,421,889,000 2,413,817,000 2,357,647,000 2,289,753,000 2,247,179,000 2,150,779,000 2,168,323,000 2,188,033,000 2,070,473,000 1,901,491,000 1,789,017,000                      524,721,000 477,941,000 467,120,000  507,198,000   
      authorized at march 31, 2020 and march 31, 2019: 200,000,000 shares;
    		                                                         
      issued at march 31, 2020 and march 31, 2019: 45,116,262 shares
    		                                                         
      outstanding at march 31, 2020 and march 31, 2019:
    		                                                         
      38,258,077 and 38,538,796 shares, respectively
    		         679,000                                                
      authorized, issued and outstanding at march 31, 2020 and march 31, 2019:
    		                                                         
      long-term deposits and marketable securities
    		           417,778,000 291,544,000 304,322,000 260,426,000 335,710 298,145,000 225,639,000 214,226,000 141,887,000 71,376,000                                     
      corporate tax receivable
    		            9,476,000 25,969,000 11,259,000 34,628 44,166,000                                         
      long-term assets held for sale
    		                    1,083,000 1,015,000 999,000 1,062,000 1,058,000 1,081,000 1,034,000 1,066,000   64,000 67,000 72,000 73,000 73,000 71,000 69,000 67,000 69,000 68,000 66,000  81,000 441,000 470,000             
      trade payables and other current liabilities
    		                   201,546,000 205,767,000 209,837,000 239,463,000 225,972,000 243,378,000 245,462,000 290,418,000 275,030,000  309,093,000 265,623,000 223,206,000 238,302,000 241,330,000 231,849,000 215,510,000 199,966,000  162,756,000 161,504,000 147,545,000 187,942,000  147,160,000 104,998,000 103,535,000 104,739,000           
      long-term bank deposits
    		                     70,685,000 258,685,000 366,438,000 283,676,000 115,173,000                                
      restricted short-term bank deposits
    		                             199,000 204,000 215,000 231,000 227,000   7,430,000 7,430,000 7,430,000 7,430,000 6,980,000 15,780,000 16,080,000     5,250,000 5,250,000 5,250,000 6,250,000 6,250,000 6,250,000   6,859,000  
      current maturities of long-term debt
    		                           940,000 925,000 912,000 898,000 11,478,000 12,193,000 11,974,000 12,084,000 11,880,000 11,497,000 11,330,000 11,086,000 10,685,000 10,566,000 10,957,000 17,073,000 13,167,000 13,947,000 13,597,000 13,310,000 16,838,000 17,005,000       14,728,000  
      long-term debt, net of current maturities
    		                           4,499,000  4,976,000 5,209,000 5,439,000 5,665,000 5,888,000 6,107,000 17,372,000 17,214,000 17,269,000 17,244,000 26,961,000 26,947,000 27,949,000 27,614,000 30,692,000 33,068,000 32,084,000 31,208,000   38,372,000      161,949,000 187,346,000 
      long-term receivables and other assets
    		                          31,356,000 21,296,000  46,330,000 67,976,000 52,088,000 69,207,000 52,894,000 45,757,000 23,418,000 23,251,000 23,227,000 27,929,000 18,733,000 18,672,000 19,972,000 23,131,000 25,881,000 31,696,000 30,974,000        27,856,000  19,527,000  
      long-term receivables
    		                            41,419,000                            19,984,000 
      trade payable and other current liabilities
    		                            248,079,000                             
      long -term debt, net of current maturities
    		                            4,740,000                             
      deferred income taxes and other long-term liabilities
    		                            5,260,000    4,667,000    5,623,000                     
      intangible assets and deferred costs
    		                                     15,607,000     19,172,000           23,756,000  60,673,000  
      taro shareholders’ equity:
    		                                                         
      authorized at march 31, 2013 and march 31, 2012: 200,000,000 shares; issued at march 31, 2013 and march 31, 2012: 45,091,562 and 44,800,007 shares, respectively outstanding at march 31, 2013 and march 31, 2012: 44,768,087 and 44,476,532 shares, respectively
    		                                     679,000                    
      authorized, issued and outstanding at march 31, 2013 and march 31, 2012: 2,600 shares
    		                                     1,000                    
      accumulated other comprehensive income, net of taxes
    		                                     16,743,000                    
      accounts receivable and other: trade
    		                                        120,239,000 111,130,000                
      assets held for sale
    		                                         71,000    462,000            
      short-term bank credit and short-term loans
    		                                           12,679,000 13,417,000 17,312,000 14,885,000         92,549,000  
      authorized at december 31, 2011 and 2010: 200,000,000 shares; issued at december 31, 2011 and 2010: 44,799,507 and 43,341,732 shares, respectively
    		                                                         
      outstanding at december 31, 2011 and 2010: 44,476,032 and 43,018,257 shares, respectively
    		                                          679,000               
      authorized, issued and outstanding at december 31, 2011 and 2010: 2,600 shares
    		                                          1,000               
      accumulated other comprehensive income
    		                                          18,549,000             11,811,000 13,477,000 
      other receivables, prepaid expenses and other
    		                                              45,556,000 23,820,000 21,837,000 21,226,000    19,605,000  12,865,000  
      long-term investments
    		                                              30,173,000 25,953,000 22,509,000 23,307,000 29,753,000 21,481,000 19,959,000  20,713,000   
      shareholders' equity
    		                                              378,659,000 297,508,000 256,096,000 237,827,000 228,688,000 211,072,000 198,592,000     
      accounts receivable:
    		                                                         
      short-term bank credits
    		                                               74,851,000 88,771,000 89,935,000 96,792,000 87,285,000 90,292,000     
      accounts payable and accrued expenses
    		                                               103,418,000 109,196,000  99,192,000 77,868,000 66,207,000  80,898,000   
      long-term liabilities
    		                                               40,113,000 37,591,000  49,050,000 54,767,000 64,700,000  86,479,000   
      deferred taxes and other liabilities
    		                                               12,479,000 11,595,000  21,480,000 19,043,000 18,650,000  8,365,000   
      total liabilities and
    		                                                         
      shareholders’ equity
    		                                                520,254,000      206,042,000   
      other intangible assets and deferred charges
    		                                                 21,537,000        
      current maturities of long-term liabilities
    		                                                 29,265,000 29,519,000 27,906,000 28,679,000  32,166,000   
      accounts receivable - trade
    		                                                  79,252,000       
      accounts receivable - other and prepaid expenses
    		                                                  23,765,000 17,133,000 14,789,000     
      accounts receivable – trade
    		                                                   82,590,000 64,179,000     
      taro pharmaceutical industries ltd.
    		                                                         
      consolidated balance sheets
    		                                                         
      u.s. dollars and shares in thousands
    		                                                         
      accounts receivable, net – trade
    		                                                      72,037,000   
      accounts receivable – other and prepaid expenses
    		                                                      35,269,000   
      deferred taxes and other assets
    		                                                      45,461,000   
      short-term bank liabilities*
    		                                                      93,248,000   
      share capital:
    		                                                         
      authorized at december 31, 2005: 200,000,000 shares; issued
    		                                                         
      at december 31, 2005: 29,566,749 shares,
    		                                                         
      outstanding at december 31, 2005:
    		                                                         
      29,300,865 shares
    		                                                       679,000  
      authorized, issued and outstanding at december 31, 2005:
    		                                                         
      retained earnings
    		                                                       61,992,000 170,749,000 
      other intangible assets and deferred
    		                                                         
      charges
    		                                                        63,174,000 
      other and accrued expenses
    		                                                        31,779,000 
      accrued severance pay and other long term liabilities
    		                                                        2,442,000 
      minority interest
    		                                                        694,000 
      total long-term liabilities and minority
    		                                                         
      interest
    		                                                        197,198,000 
      deferred stock-based compensation
    		                                                         
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.