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ACQUISITION OF RIVIERAWAVES (Tables) | 12 Months Ended
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Dec. 31, 2015
Business Combinations [Abstract] |
Schedule of Consideration Transferred |
| (a) | Consideration transferred:
Cash |  | $ | 14,678 |
Fair value of Contingent Consideration |  |  | 3,434 |
Total |  | $ | 18,112 |
Schedule of Purchase Price Allocation to Net Tangible and Intangible Assets Based on their Estimated Fair Values |
| (b) | Under business combination accounting, the total purchase price was allocated to RivieraWaves’ net tangible and intangible assets based on their estimated fair values as set forth below. The excess of the purchase price over the net tangible and identifiable intangible assets was recorded as goodwill.
Cash and cash equivalents |  | $ | 1,189 |
Bank deposits |  |  | 1,384 |
Other assets |  |  | 2,898 |
Intangible assets |  |  | 6,161 |
Goodwill |  |  | 10,114 |
Total assets |  |  | 21,746 |
Current liabilities |  |  | (2,201 | )
Deferred tax liabilities, net |  |  | (1,433 | )
Total liabilities |  |  | (3,634 | )
Total |  | $ | 18,112 |
Components of Intangible Assets Associated with Acquisition | The following table sets forth the components of intangible assets associated with the RivieraWaves acquisition:
|  | Fair value |
Core technologies (1) |  | $ | 5,796 |
Customer relationships (2) |  |  | 272 |
Customer backlog (3) |  |  | 93 |
Total intangible assets |  | $ | 6,161 |
(1) | Core technologies represent a combination of RivieraWaves’ processes and trade secrets related to the design and development of its products. This proprietary know-how can be leveraged to develop new technology and improve the Company’s products and is amortized using the straight line method.
(2) | Customer relationships represent the underlying relationships and agreements with RivieraWaves’ installed customer base and are amortized using the straight line method.
(3) | Customer backlog represents an order or production backlog arises from contracts or sales orders and are amortized using the straight line method.

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