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MARKETABLE SECURITIES
12 Months Ended
Dec. 31, 2018
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,  
     2018    2017  
     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

     $1,203,258      $ 9          $(5,017)      $1,198,249      $   1,026,555        $ 48        $   (1,698     $   1,024,905  

Government-sponsored enterprises debentures

   231,699      6        (1,200)    230,505      112,951        1        (275     112,677  

Government and corporate debentures - floating interest rate

   13,902      -        (15)    13,887      27,681        14        (11     27,684  
  

 

  

 

 

    

 

  

 

  

 

 

    

 

 

    

 

 

   

 

 

 
     $1,448,859      $         15          $(6,232)      $1,442,642      $ 1,167,187        $         63        $ (1,984     $ 1,165,266  
  

 

  

 

 

    

 

  

 

  

 

 

    

 

 

    

 

 

   

 

 

 

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

 

     December 31,
     2018    2017
     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

         $1,819,541          $1,089          $(21,630)         $1,799,001        $ 1,985,849        $ 384        $   (15,204     $ 1,971,029  

Government-sponsored
enterprises debentures

     383,190        278        (4,092     379,376        424,619        -        (4,687     419,932  

Government and corporate debentures - floating interest rate

     109,878        1        (910     108,969        46,247        134        (27     46,354  
  

 

 

 

  

 

 

 

  

 

 

 

 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

 

 

 

 

     $ 2,312,609        $     1,368        $ (26,632     $ 2,287,345        $ 2,456,715        $         518        $ (19,918     $   2,437,315  
  

 

 

 

  

 

 

 

  

 

 

 

 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

 

 

 

 

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, 2018
     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

     $ 807,274        $ (4,369   $ 1,852,625      $ (22,278     $  2,659,899        $ (26,647

Government-sponsored
enterprises debentures

     40,213        (79     429,101        (5,213     469,315        (5,292

Government and corporate
debentures - floating interest rate

     115,511        (917     5,380        (7     120,892        (925
  

 

 

 

  

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

  

 

 

 

     $   962,999        $     (5,366   $ 2,287,106      $ (27,498     $ 3,250,06        $ (32,864
  

 

 

 

  

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

  

 

 

 

     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
  

 

 

 

  

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

  

 

 

 

As of December 31, 2018 and 2017, interest receivable amounted to $ 22,940 and $ 19,871, respectively, and is included within prepaid expenses and other current assets in the balance sheets.