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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

Assets and liabilities of the Company are measured at fair value on a recurring basis as of September 30, 2017 and are summarized as follows:

 

          Fair Value Measurements at Reporting Date Using  

Description

  September 30,
2017
    Quoted Prices in
Active Markets for
Identical Assets or
Liabilities
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
 

Assets:

       

Cash equivalents:

       

Money market funds

  $ 3,872     $ 3,872     $ —       $ —    

Time deposits and certificates of deposit

    —         —         —         —    

Bankers’ acceptance drafts

    338       —         338       —    

Commercial paper

    21,792       —         21,792       —    

Corporate obligations

    2,269       —         2,269       —    

U.S. agency obligations

    6,595       —         6,595       —    

Restricted cash – money market funds

    117       117       —         —    

Available-for-sale investments:

       

Time deposits and certificates of deposit

    21,503       —         21,503       —    

Bankers’ acceptance drafts

    3,452       —         3,452       —    

Asset-backed securities

    39,702       —         39,702       —    

Commercial paper

    21,215       —         21,215       —    

Corporate obligations

    80,099       —         80,099       —    

Municipal bonds

    45       —         45       —    

Promissory note

    1,075       —         1,075       —    

U.S. treasury obligations

    25,777       —         25,777       —    

U.S. agency obligations

    35,763       —         35,763       —    

Group insurance contracts

    6,193       —         6,193       —    

Derivatives – currency forward contracts

    425       —         425       —    

Funds in investments and other assets:

       

Israeli pension assets

    14,166       —         14,166       —    

Derivatives – interest rate hedge – non-current

    4,362       —         4,362       —    

Restricted cash – non-current

    820       820       —         —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

  $ 289,580     $ 4,809     $ 284,771     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities:

       
 

 

 

   

 

 

   

 

 

   

 

 

 

Derivatives – currency forward contracts

  $ 2,390     $ —       $ 2,390     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Reported as follows:

       

Assets:

       

Cash and cash equivalents(1)

  $ 34,866     $ 3,872     $ 30,994     $ —    

Restricted cash

    117       117       —         —    

Short-term investments

    228,631       —         228,631       —    

Other current assets

    425       —         425       —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total current assets

  $ 264,039     $ 3,989     $ 260,050     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Long-term investments(2)

  $ 6,193     $ —       $ 6,193     $ —    

Other long-term assets

    18,528       —         18,528       —    

Restricted cash – non-current

    820       820       —         —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total long-term assets

  $ 25,541     $ 820     $ 24,721     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities:

       
 

 

 

   

 

 

   

 

 

   

 

 

 

Other current liabilities

  $ 2,390     $ —       $ 2,390     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) The cash and cash equivalent amounts presented in the table above do not include cash of $266,899 and non-negotiable time deposits of $4,212 as of September 30, 2017.
(2) The long-term investments presented in the table above do not include the Company’s minority interest investment in a private company, which is accounted for under the cost method.

 

Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2016 and are summarized as follows:

 

          Fair Value Measurements at Reporting Date Using  

Description

  December 31,
2016
    Quoted Prices in
Active Markets for
Identical Assets or
Liabilities
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
 

Assets:

       

Cash equivalents:

       

Money market funds

  $ 10,155     $ 10,155     $ —       $ —    

Time deposits and certificates of deposit

    4,900       —         4,900       —    

Bankers acceptance drafts

    448       —         448       —    

Commercial paper

    11,828       —         11,828       —    

Corporate obligations

    2,025       —         2,025       —    

U.S. agency obligations

    3,899       —         3,899       —    

Restricted cash – money market funds

    5,287       5,287       —         —    

Available-for-sale investments:

       

Time deposits and certificates of deposit ```

    23,818       —         23,818       —    

Bankers acceptance drafts

    1,439       —         1,439       —    

Asset-backed securities

    36,809       —         36,809       —    

Commercial paper

    24,381       —         24,381       —    

Corporate obligations

    46,707       —         46,707       —    

Municipal bonds

    591       —         591       —    

Promissory note

    675       —         675       —    

U.S. treasury obligations

    25,414       —         25,414       —    

U.S. agency obligations

    29,629       —         29,629       —    

Group insurance contracts

    5,558       —         5,558       —    

Derivatives – currency forward contracts

    2,985       —         2,985       —    

Funds in investments and other assets:

       

Israeli pension assets

    13,910       —         13,910       —    

Derivatives – interest rate hedge – non-current

    4,900       —         4,900       —    

Restricted cash – non-current

    573       573       —         —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

  $ 255,931     $ 16,015     $ 239,916     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities:

       

Derivatives – currency forward contracts

  $ 543     $ —       $ 543     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total liabilities

  $ 543     $ —       $ 543     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Assets:

       

Cash and cash equivalents(1)

  $ 33,255     $ 10,155     $ 23,100     $ —    

Restricted cash

    5,287       5,287       —         —    

Short-term investments

    189,463       —         189,463       —    

Other current assets

    2,985       —         2,985       —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total current assets

  $ 230,990     $ 15,442     $ 215,548     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Long-term investments(2)

  $ 5,558     $ —       $ 5,558     $ —    

Other long-term assets

    18,810       —         18,810       —    

Restricted cash – non-current

    573       573       —         —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total long-term assets

  $ 24,941     $ 573     $ 24,368     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities:

       

Other current liabilities

  $ 543     $ —       $ 543     $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) The cash and cash equivalent amounts presented in the table above do not include cash of $192,432 and non-negotiable time deposits of $2,936 as of December 31, 2016.
(2) The long-term investments presented in the table above do not include the Company’s minority interest investment in a private company, which is accounted for under the cost method.