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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Outstanding Derivative Instruments

The fair value of the Company’s outstanding derivative instruments is as follows:

 

     September 30,
2016
     December 31,
2015
 
     (Unaudited)      (Audited)  

Derivative assets:

     

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange option contracts

   $ 48       $ —     

Foreign exchange forward contracts

     —           9   
  

 

 

    

 

 

 

Total

   $ 48       $ 9   
  

 

 

    

 

 

 

Derivative liabilities:

     

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange forward contracts

   $ 12       $ —     
  

 

 

    

 

 

 
Increase (Decrease) in Unrealized Gains (Losses) Recognized in "Accumulated Other Comprehensive Income (Loss)" on Derivatives, Before Tax Effect

The increase (decrease) in unrealized gains (losses) recognized in “accumulated other comprehensive income (loss)” on derivatives, before tax effect, is as follows:

 

     Nine months ended
September 30,
     Three months ended
September 30,
 
     2016      2015      2016      2015  
     (unaudited)      (unaudited)      (unaudited)      (unaudited)  

Derivatives designated as cash flow hedging instruments:

           

Foreign exchange option contracts

   $ 118       $ 61       $ 44       $ (151

Foreign exchange forward contracts

     100         76         31         13   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 218       $ 137       $ 75       $ (138
  

 

 

    

 

 

    

 

 

    

 

 

 
Net (Gains) Losses Reclassified from "Accumulated Other Comprehensive Income (Loss)"

The net (gains) losses reclassified from “accumulated other comprehensive income (loss)” into income are as follows:

 

     Nine months ended
September 30,
     Three months ended
September 30,
 
     2016      2015      2016      2015  
     (unaudited)      (unaudited)      (unaudited)      (unaudited)  

Derivatives designated as cash flow hedging instruments:

           

Foreign exchange option contracts

   $ (70    $ (5    $ (21    $ (64

Foreign exchange forward contracts

     (121      (53      (48      5   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ (191    $ (58    $ (69    $ (59