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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2018
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, 2018 and are summarized as follows:

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

Description

 

September 30, 2018

 

 

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

 

$

17,584

 

 

$

17,584

 

 

$

 

 

$

 

Commercial paper

 

 

13,283

 

 

 

 

 

 

13,283

 

 

 

 

Corporate obligations

 

 

4,373

 

 

 

 

 

 

4,373

 

 

 

 

U.S. agency obligations

 

 

2,244

 

 

 

 

 

 

2,244

 

 

 

 

Restricted cash – money market funds

 

 

114

 

 

 

114

 

 

 

 

 

 

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time deposits and certificates of deposit

 

 

14,552

 

 

 

 

 

 

14,552

 

 

 

 

Bankers acceptance drafts

 

 

2,107

 

 

 

 

 

 

2,107

 

 

 

 

Asset-backed securities

 

 

38,947

 

 

 

 

 

 

38,947

 

 

 

 

Commercial paper

 

 

32,057

 

 

 

 

 

 

32,057

 

 

 

 

Corporate obligations

 

 

71,971

 

 

 

 

 

 

71,971

 

 

 

 

Municipal bonds

 

 

1,288

 

 

 

 

 

 

1,288

 

 

 

 

U.S. treasury obligations

 

 

28,208

 

 

 

 

 

 

28,208

 

 

 

 

U.S. agency obligations

 

 

30,646

 

 

 

 

 

 

30,646

 

 

 

 

Group insurance contracts

 

 

6,004

 

 

 

 

 

 

6,004

 

 

 

 

Derivatives – foreign exchange contracts

 

 

3,434

 

 

 

 

 

 

3,434

 

 

 

 

Funds in investments and other assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Israeli pension assets

 

 

15,815

 

 

 

 

 

 

15,815

 

 

 

 

Derivatives – interest rate hedge – non-current

 

 

8,539

 

 

 

 

 

 

8,539

 

 

 

 

Total assets

 

$

291,166

 

 

$

17,698

 

 

$

273,468

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives – foreign exchange contracts

 

$

343

 

 

$

 

 

$

343

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, including restricted cash(1)

 

$

37,598

 

 

$

17,698

 

 

$

19,900

 

 

$

 

Short-term investments

 

 

219,776

 

 

 

 

 

 

219,776

 

 

 

 

Other current assets

 

 

3,434

 

 

 

 

 

 

3,434

 

 

 

 

Total current assets

 

$

260,808

 

 

$

17,698

 

 

$

243,110

 

 

$

 

Long-term investments(2)

 

$

6,004

 

 

$

 

 

$

6,004

 

 

$

 

Other assets

 

 

24,354

 

 

 

 

 

 

24,354

 

 

 

 

Total long-term assets

 

$

30,358

 

 

$

 

 

$

30,358

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

343

 

 

$

 

 

$

343

 

 

$

 

 

(1)

The cash and cash equivalent amounts presented in the table above do not include cash of $362,252 as of September 30, 2018.

(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, 2017 and are summarized as follows:

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

Description

 

December 31, 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

 

$

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 investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 – foreign exchange 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

 

 

 

 

Total assets

 

$

274,765

 

 

$

5,106

 

 

$

269,659

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives – foreign exchange contracts

 

$

6,198

 

 

$

 

 

$

6,198

 

 

$

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, including restricted cash(1)

 

$

37,681

 

 

$

5,106

 

 

$

32,575

 

 

$

 

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

 

 

21,227

 

 

 

 

 

 

21,227

 

 

 

 

Total long-term assets

 

$

27,482

 

 

$

 

 

$

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 the Company’s minority interest investment in a private company, which is accounted for under the cost method.