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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018, are summarized as follows:

 

            Fair Value Measurements at Reporting Date Using  

Description

   December 31,
2018
     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

   $ 180,340      $ 180,340      $      $  

Time deposits and certificates of deposit

     850               850         

Commercial paper

     2,687               2,687         

U.S. agency obligations

     3,418               3,418         

Restricted cash – money market funds

     110        110                

Available-for-sale securities:

           

Time deposits and certificates of deposit

     102               102         

Bankers’ acceptance drafts

     989               989         

Asset-backed securities

     9,113               9,113         

Commercial paper

     19,359               19,359         

Corporate obligations

     9,352               9,352         

U.S. treasury obligations

     13,298               13,298         

U.S. agency obligations

     21,613               21,613         

Group insurance contracts

     5,890               5,890         

Derivatives – currency forward contracts

     2,485               2,485         

Funds in investments and other assets:

           

Israeli pension assets

     14,408               14,408         

Derivatives – interest rate hedge – non-current

     6,083               6,083         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ 290,097      $ 180,450      $ 109,647      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

           

Derivatives – currency forward contracts

   $ 1,168      $      $ 1,168      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Reported as follows:

           

Assets:

           

Cash and cash equivalents, including restricted cash(1)

   $ 187,405      $ 180,450      $ 6,955      $  

Short-term investments

     73,826               73,826         

Other current assets

     2,485               2,485         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total current assets

   $ 263,716      $ 180,450      $ 83,266      $    
  

 

 

    

 

 

    

 

 

    

 

 

 

Long-term investments(2)

   $ 5,890      $      $ 5,890      $  

Other assets

     20,491               20,491         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total long-term assets

   $ 26,381      $      $ 26,381      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

           

Other current liabilities

   $ 1,168      $      $ 1,168      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

The cash and cash equivalent amounts presented in the table above does not include cash of $456,940 as of December 31, 2018.

(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, 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         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ 274,765      $ 5,106      $ 269,659      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

           

Derivatives – currency forward contracts

   $ 6,198      $      $ 6,198      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Reported as follows:

           

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