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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 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:

 

     As at
December 31,
 
     2015      2016  

Derivative assets:

     

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange forward contracts

   $ 9      $ 6  
  

 

 

    

 

 

 

Total

   $ 9      $ 6  
  

 

 

    

 

 

 
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:

 

     Year ended December 31,  
     2014      2015      2016  

Derivatives designated as cash flow hedging instruments:

        

Foreign exchange option contracts

   $ (389    $ 83      $ 67  

Foreign exchange forward contracts

     (41      94        91  
  

 

 

    

 

 

    

 

 

 
   $ (430    $ 177      $ 158  
  

 

 

    

 

 

    

 

 

 
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:

 

     Year ended December 31,  
     2014      2015      2016  

Derivatives designated as cash flow hedging instruments:

        

Foreign exchange option contracts

   $ 337      $ (31    $ (67

Foreign exchange forward contracts

     45        (73      (94
  

 

 

    

 

 

    

 

 

 
   $ 382      $ (104    $ (161