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DERIVATIVES AND HEDGING ACTIVITIES | 12 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
DERIVATIVES AND HEDGING ACTIVITES |
NOTE 8: | DERIVATIVES AND HEDGING ACTIVITIES
The fair value of the Company’s outstanding derivative instruments is as follows:
|  |  |  | December 31, |
|  | Balance sheet |  | 2022 |  |  | 2021 |
Derivatives designate as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts and other derivatives |  | ''Prepaid expenses and other current assets'' |  | $ | 7 |  |  | $ | 75 |
|  | ''Accrued expenses and other liabilities'' |  |  | 239 |  |  |  | - |
|  | ''Accumulated other comprehensive income'' |  |  | (232 | ) |  |  | 75 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts and other derivatives |  | ''Prepaid expenses and other current assets'' |  |  | 18 |  |  |  | 21 |
|  | ''Accrued expenses and other liabilities'' |  | $ | 31 |  |  | $ | 3 |
The net amounts reclassified from accumulated other comprehensive loss to the operating expenses are as follows:
|  | Gain recognized in Statements of Comprehensive Income |  |  |  | Gain (loss) recognized in consolidated statements of Income |
|  | Year ended December 31, |  |  |  |
|  |  | Statement of Income |  | Year ended December 31, |
|  | 2022 |  |  | 2022 |  |  | 2021 |  |  | 2020 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange options and forward contracts |  | $ | 307 |  | "Operating expenses" |  | $ | (948 | ) |  | $ | 167 |  |  | $ | 764 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange options and forward contracts |  |  | - |  | "Financial expenses" |  |  | (75 | ) |  |  | 24 |  |  |  | (166 | )
Total |  | $ | 307 |  |  |  | $ | (1,023 | ) |  | $ | 191 |  |  | $ | 598 |

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI https://asc.fasb.org/topic&trid=2229140 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 5 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126731327&loc=d3e90205-114008 + Details
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