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MARKETABLE SECURITIES
12 Months Ended
Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]  
MARKETABLE SECURITIES

NOTE 3:- MARKETABLE SECURITIES

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

 

     December 31,  
     2017      2016  
     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

   $ 1,026,555      $ 48      $ (1,698   $ 1,024,905      $ 915,302      $ 311      $ (446   $ 915,167  

Government-sponsored enterprises debentures

     112,951        1        (275     112,677        149,972        99        (61     150,010  

Government and corporate debentures - floating interest rate

     27,681        14        (11     27,684        13,247        16        —         13,263  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 
   $ 1,167,187      $ 63      $ (1,984   $ 1,165,266      $ 1,078,521      $ 426      $ (507   $ 1,078,440  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

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

 

     December 31,  
     2017      2016  
     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

   $ 1,985,849      $ 384      $ (15,204   $ 1,971,029      $ 1,770,641      $ 1,903      $ (11,024   $ 1,761,520  

Government-sponsored enterprises debentures

     424,619        —          (4,687     419,932        520,669        282        (4,052     516,899  

Government and corporate debentures - floating interest rate

     46,247        134        (27     46,354        17,610        70        (2     17,678  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 
   $ 2,456,715      $ 518      $ (19,918   $ 2,437,315      $ 2,308,920      $ 2,255      $ (15,078   $ 2,296,097  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

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, 2017  
     Less than 12 months     12 months or greater     Total  
     Fair
value
     Unrealized
losses
    Fair
value
     Unrealized
losses
    Fair
Value
     Unrealized
losses
 

Government and corporate debentures - fixed interest rate

   $ 1,647,125      $ (7,318   $ 1,063,690      $ (9,585   $ 2,710,815      $ (16,903

Government-sponsored enterprises debentures

     236,403        (1,281     294,986        (3,681     531,389        (4,962

Government and corporate debentures - floating interest rate

     27,810        (37     —          —         27,810        (37
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 
   $ 1,911,338      $ (8,636   $ 1,358,676      $ (13,266   $ 3,270,014      $ (21,902
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 
     December 31, 2016  
     Less than 12 months     12 months or greater     Total  
     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
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

As of December 31, 2017 and 2016, interest receivable amounted to $ 19,871 and $ 17,057 respectively, and is included within other current assets in the balance sheets.