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FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 5:- FAIR VALUE MEASUREMENTS

In accordance with ASC No. 820, the Company measures its money market funds, marketable securities and foreign currency derivative contracts at fair value. Money market funds and marketable securities are classified within Level 1 or Level 2. This is because these assets 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 as the valuation inputs are based on quoted prices and market observable data of similar instruments.

The Company’s financial assets measured at fair value on a recurring basis, excluding accrued interest components, consisted of the following types of instruments as of the following dates:

		December 31, 2015
		Fair value measurements using input type
		Level 1				Level 2				Total
Cash equivalents:
Money market funds		$	21,085			$	—			$	21,085
Marketable securities:
Government and corporate debentures - fixed interest rate			—				2,937,309				2,937,309
Government-sponsored enterprises debentures			—				411,804				411,804
Government and corporate debentures - floating interest rate			—				66,955				66,955
Foreign currency derivative contracts			—				(44	)			(44	)
Total financial assets		$	21,085			$	3,416,024			$	3,437,109
		December 31, 2014
		Fair value measurements using input type
		Level 1				Level 2				Total
Cash equivalents:
Money market funds		$	107,400			$	—			$	107,400
Marketable securities:
Government and corporate debentures - fixed interest rate			—				2,800,485				2,800,485
Government-sponsored enterprises debentures			—				544,531				544,531
Government and corporate debentures - floating interest rate			—				68,604				68,604
Foreign currency derivative contracts			—				(2,942	)			(2,942	)
Total financial assets		$	107,400			$	3,410,678			$	3,518,078

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- References

No definition available.

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- Definition

The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

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