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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2019
Accounting Policies [Abstract] |
Schedule of Property and Equipment, Estimated Useful Lives | Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets at the following annual rates:
| %
Computers, peripheral equipment and electronic equipment | 15 – 33 (mainly 33)
Office furniture and equipment | 6 – 14 (mainly 6)
Leasehold improvements | Over the shorter of the related lease period or the life of the asset
Schedule of Cumulative Effect to Consolidated Balance Sheet | The cumulative effect of the changes made to the Company's January 1, 2018 consolidated balance sheet for the adoption of Topic 606 were as follows (USD, in thousands):
|  | Balance at December 31, 2017 |  |  | Adjustments due to Topic 606 |  |  | Balance at January 1, 2018 |
Prepaid expenses and other current assets |  |  | 19,246 |  |  |  | (10,745 | ) |  |  | 8,501 |
Prepaid expenses and other long-term assets |  |  | 3,823 |  |  |  | (2,697 | ) |  |  | 1,126 |
Deferred revenues ST |  |  | 202,482 |  |  |  | (25,379 | ) |  |  | 177,103 |
Deferred revenues LT |  |  | 14,329 |  |  |  | (6,393 | ) |  |  | 7,936 |
Accumulated deficit |  |  | (299,581 | ) |  |  | 18,330 |  |  |  | (281,251 | )
Schedule of Total Accumulated Other Comprehensive Loss, Net | The total accumulated other comprehensive loss was comprised as follows:
|  | Year ended December 31, 2019 |
|  | Unrealized gain (losses) on marketable securities |  |  | Unrealized gain (losses) on cash flow hedges |  |  | Total |
Beginning balance |  | $ | (315 | ) |  | $ | (1,376 | ) |  | $ | (1,691 | )
Other comprehensive income before reclassifications, net |  |  | 1,167 |  |  |  | 2,027 |  |  |  | 3,194 |
Amounts reclassified from accumulated other comprehensive income |  |  | - |  |  |  | (147 | ) |  |  | (147 | )
Net current period other comprehensive income |  |  | 1,167 |  |  |  | 1,881 |  |  |  | 3,048 |
Total accumulated other comprehensive loss |  | $ | 852 |  |  | $ | 505 |  |  | $ | 1,357 |
|  | Year ended December 31, 2018 |
|  | Unrealized gain (losses) on marketable securities |  |  | Unrealized gain (losses) on cash flow hedges |  |  | Total |
Beginning balance |  | $ | (291 | ) |  | $ | 5 |  |  | $ | (286 | )
Other comprehensive income before reclassifications, net |  |  | (24 | ) |  |  | (3,068 | ) |  |  | (3,092 | )
Amounts reclassified from accumulated other comprehensive income |  |  | - |  |  |  | 1,687 |  |  |  | 1,687 |
Net current period other comprehensive loss |  |  | (24 | ) |  |  | (1,381 | ) |  |  | (1,405 | )
Total accumulated other comprehensive loss |  | $ | (315 | ) |  | $ | (1,376 | ) |  | $ | (1,691 | )
Schedule of Financial Assets and Liabilities Measured at Fair Value | The following table represents the fair value hierarchy of the Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2019:
|  | December 31, 2019 |
|  | Fair value measurements using input type |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 204,067 |  |  | $ | - |  |  | $ | - |  |  | $ | 204,067 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government and corporate debentures - fixed interest rate |  |  | - |  |  |  | 284,321 |  |  |  | - |  |  |  | 284,321 |
Government-sponsored enterprises |  |  | - |  |  |  | 30,132 |  |  |  | - |  |  |  | 30,132 |
Government and corporate debentures - floating interest rate |  |  | - |  |  |  | 27,146 |  |  |  | - |  |  |  | 27,146 |
Foreign currency derivative contracts assets |  |  | - |  |  |  | 1,465 |  |  |  | - |  |  |  | 1,465 |
Total financials assets |  | $ | 204,067 |  |  | $ | 343,064 |  |  | $ | - |  |  | $ | 547,131 |
Foreign currency derivative contracts liabilities |  |  |  |  |  |  | 696 |  |  |  |  |  |  |  | 696 |
Total financials liabilities |  | $ | - |  |  | $ | 696 |  |  | $ | - |  |  | $ | 696 |
F - 27 WIX.COM LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS U.S. dollars in thousands (except share and per share data) NOTE 2:-SIGNIFICANT ACCOUNTING POLICIES (Cont.) The following table represents the fair value hierarchy of the Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2018:
|  | December 31, 2018 |
|  | Fair value measurements using input type |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 265,157 |  |  | $ | - |  |  | $ | - |  |  | $ | 265,157 |
Marketable securities: |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |
Government and corporate debentures - fixed interest rate |  |  | - |  |  |  | 69,217 |  |  |  | - |  |  |  | 69,217 |
Government and corporate debentures - floating interest rate |  |  | - |  |  |  | 1,000 |  |  |  | - |  |  |  | 1,000 |
Foreign currency derivative contracts assets |  |  | - |  |  |  | 2,573 |  |  |  | - |  |  |  | 2,573 |
Total financials assets |  | $ | 265,157 |  |  | $ | 72,790 |  |  | $ | - |  |  | $ | 337,947 |
Foreign currency derivative contracts liabilities |  |  |  |  |  |  | 2,596 |  |  |  |  |  |  |  | 2,596 |
Total financials liabilities |  | $ | - |  |  | $ | 2,596 |  |  | $ | - |  |  | $ | 2,596 |
Schedule of consolidated balance sheet | The standard had a material impact on the Company’s consolidated balance sheets which resulted in the recognition of right of use ("ROU") assets and lease liabilities of $51,353 and $52,448, respectively, on January 1, 2019, which included reclassifying deferred rent and rent prepayments as components of the ROU assets. The standard did not have a material impact on the Company's consolidated statements of comprehensive income.
|  | Balance at January 1, 2019 based on ASC 842 |  |  | Balance at January 1, 2019 as reported based on previous GAAP |  |  | Effect of change |
ROU assets |  |  | 51,353 |  |  |  | - |  |  |  | 51,353 |
Accrued lease expense |  |  | - |  |  |  | (1,095 | ) |  |  | 1,095 |
Lease liabilities short-term |  |  | (15,598 | ) |  |  | - |  |  |  | (15,598 | )
Lease liabilities long-term |  |  | (36,850 | ) |  |  | - |  |  |  | (36,850 | )

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580 + Details
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