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DERIVATIVES AND HEDGING ACTIVITIES

12 Months Ended

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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- References

No definition available.

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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

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