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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2017, are summarized as follows:

 

          Fair Value Measurements at Reporting Date Using  

Description

  December 31,
2017
    Quoted Prices in
Active Markets for
Identical Assets

(Level 1)
    Significant Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Assets:

       

Cash equivalents:

       

Money market funds

  $ 4,987     $ 4,987     $     $  

Time deposits and certificates of deposit

    2,100             2,100        

Commercial paper

    30,475             30,475        

Restricted cash – money market funds

    119       119              

Available-for-sale securities:

           

Time deposits and certificates of deposit

    9,757             9,757        

Bankers acceptance drafts

    5,330             5,330        

Asset-backed securities

    36,990             36,990        

Commercial paper

    13,750             13,750        

Corporate obligations

    77,821             77,821        

Municipal bonds

    1,970             1,970        

U.S. treasury obligations

    28,078             28,078        

U.S. agency obligations

    35,738             35,738        

Group insurance contracts

    6,255             6,255        

Derivatives – currency forward contracts

    168             168        

Funds in investments and other assets:

           

Israeli pension assets

    15,048             15,048        

Derivatives - interest rate  hedge - non-current

    6,179             6,179        

Restricted cash – non-current

    1,010       1,010              
 

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

  $ 275,775     $ 6,116     $ 269,659     $  
 

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities:

       

Derivatives – currency forward contracts

  $ 6,198     $     $ 6,198     $  
 

 

 

   

 

 

   

 

 

   

 

 

 

Reported as follows:

           

Assets:

           

Cash and cash equivalents(1)

   $ 37,562      $ 4,987      $ 32,575      $  

Restricted cash

     119        119                

Short-term investments

     209,434               209,434         

Other current assets

     168               168         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total current assets

   $ 247,283      $ 5,106      $ 242,177      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Long-term investments(2)

   $ 6,255      $      $ 6,255      $  

Other assets

     22,237        1,010        21,227         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total long-term assets

   $ 28,492      $ 1,010      $ 27,482      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

           

Other current liabilities

   $ 6,198      $      $ 6,198      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

The cash and cash equivalent amounts presented in the table above do not include cash of $292,808 and non-negotiable time deposits of $3,398 as of December 31, 2017.

(2)

The long-term investments presented in the table above do not include our minority interest investment in a private company, which is accounted for under the cost method.

 

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

 

          Fair Value Measurements at Reporting Date Using  

Description

  December 31,
2016
    Quoted Prices in
Active Markets for
Identical Assets

(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 securities:

       

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        

Derivatives – options contracts

    4             4        

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

  $ 255,935     $ 16,015     $ 239,920     $  
 

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities:

       

Derivatives – currency forward contracts

    543             543        

Derivatives – options contracts

    16             16        
 

 

 

   

 

 

   

 

 

   

 

 

 

Total liabilities

  $ 559     $     $ 559     $  
 

 

 

   

 

 

   

 

 

   

 

 

 

Reported as follows:

           

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

     2,989               2,989         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total current assets

   $ 230,994      $ 15,442      $ 215,552      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Long-term investments(2)

   $ 5,558      $      $ 5,558      $  

Other assets

     19,383        573        18,810         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total long-term assets

   $ 24,941      $ 573      $ 24,368      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

           

Other current liabilities

   $ 559      $      $ 559      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(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 our minority interest investment in a private company, which is accounted for under the cost method.