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MARKETABLE SECURITIES
12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
MARKETABLE SECURITIES

NOTE 4:- MARKETABLE SECURITIES

Marketable securities with contractual maturities of up to one year are as follows:

 

     December 31,  
     2016      2015  
     Amortized
cost
     Gross
unrealized
gains
     Gross
unrealized
losses
    Fair
value
     Amortized
cost
     Gross
unrealized
gains
     Gross
unrealized
losses
    Fair
value
 

Government and corporate debentures - fixed interest rate

   $ 915,302      $ 311      $ (446   $ 915,167      $ 994,600      $ 3,088      $ (752   $ 996,936  

Government-sponsored enterprises debentures

     149,972        99        (61     150,010        46,230        25        (17     46,238  

Government and corporate debentures - floating interest rate

     13,247        16        —         13,263        41,690        24        (7     41,707  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 
   $ 1,078,521      $ 426      $ (507   $ 1,078,440      $ 1,082,520      $ 3,137      $ (776   $ 1,084,881  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

 

Marketable securities with contractual maturities of over one year through five years are as follows:

 

     December 31,  
     2016      2015  
     Amortized
cost
     Gross
unrealized
gains
     Gross
unrealized
losses
    Fair
value
     Amortized
cost
     Gross
unrealized
gains
     Gross
unrealized
losses
    Fair
value
 

Government and corporate debentures - fixed interest rate

   $ 1,770,641      $ 1,903      $ (11,024   $ 1,761,520      $ 1,947,588      $ 1,439      $ (8,654   $ 1,940,373  

Government-sponsored enterprises debentures

     520,669        282        (4,052     516,899        366,700        109        (1,243     365,566  

Government and corporate debentures - floating interest rate

     17,610        70        (2     17,678        25,303        11        (66     25,248  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 
   $ 2,308,920      $ 2,255      $ (15,078   $ 2,296,097      $ 2,339,591      $ 1,559      $ (9,963   $ 2,331,187  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows:

 

     December 31, 2016  
     Investments with
continuous unrealized
losses for less than 12
months
    Investments with
continuous unrealized
losses for 12 months or
greater
    Total Investments with
continuous unrealized
losses
 
     Fair
value
     Unrealized
losses
    Fair
value
     Unrealized
losses
    Fair
value
     Unrealized
losses
 

Government and corporate debentures - fixed interest rate

   $ 1,717,212      $ (11,440   $ 40,465      $ (30   $ 1,757,677      $ (11,470

Government-sponsored enterprises debentures

     464,080        (4,112     4,999        (1     469,079        (4,113

Government and corporate debentures - floating interest rate

     3,000        (2     —          —         3,000        (2
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 
   $ 2,184,292      $ (15,554   $ 45,464      $ (31   $ 2,229,756      $ (15,585
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

 

     December 31, 2015  
     Investments with
continuous unrealized
losses for less than 12
months
    Investments with
continuous unrealized
losses for 12 months or
greater
    Total Investments with
continuous unrealized
losses
 
     Fair
value
     Unrealized
losses
    Fair
value
     Unrealized
losses
    Fair
value
     Unrealized
losses
 

Government and corporate debentures—fixed interest rate

   $ 2,138,546      $ (9,027   $ 68,084      $ (379   $ 2,206,630      $ (9,406

Government-sponsored enterprises debentures

     308,026        (1,252     5,992        (8     314,018        (1,260

Government and corporate debentures—floating interest rate

     26,688        (73     —          —         26,688        (73
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 
   $ 2,473,260      $ (10,352   $ 74,076      $ (387   $ 2,547,336      $ (10,739
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

 

As of December 31, 2016 and 2015, interest receivable amounted to $ 17,057 and $ 17,754 respectively, and is included within other current assets in the balance sheets.