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DERIVATIVE INSTRUMENTS | 12 Months Ended
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Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
DERIVATIVE INSTRUMENTS |
NOTE 9:- | DERIVATIVE INSTRUMENTS
As of December 31, 2016, the Company had outstanding forward exchange contracts designated as cash flow hedge for the acquisition of NIS 71,274 in consideration for $ 18,890 maturing, in a period of up to one year. As of December 31, 2017, the Company had outstanding forward exchange contracts designated as cash flow hedge for the acquisition of NIS 38,077 in consideration for $ 10,743 maturing in a period of up to one year. The Company also enters into forward exchange contracts to hedge a portion of its certain monetary items in the balance sheet, such as trade receivables and trade payables denominated in foreign currencies for a period of up to one month (the "Fair Value Hedging Program"). The purpose of the Company's Fair Value Hedging Program is to protect the fair value of the monetary assets from foreign exchange rates fluctuations. Gains and losses from derivatives related to the Fair Value Hedging Program are not designated as hedging instruments.
|  | Gain recognized in Statements of Comprehensive Gain |  |  |  | Gain (loss) recognized in consolidated statements of operations |
|  |  | Statement |  |
|  | December 31, |  | of Operations |  | Year ended December 31, |
|  | 2017 |  | item |  | 2015 |  |  | 2016 |  |  | 2017 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange option and forward contract |  |  | 303 |  | Operating expenses |  | $ | 110 |  |  | $ | 261 |  |  |  | 1,772 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  |  | - |  | Financial expenses |  |  | 705 |  |  |  | (452 | ) |  |  | (2,538 | )
Total |  |  | 303 |  |  |  | $ | 815 |  |  | $ | (191 | ) |  | $ | (766 | )
|  |  |  | December 31, |
|  | Balance sheet |  | 2016 |  |  | 2017 |
Derivatives designated as hedging instruments: Foreign exchange forward contracts |  | "Other account receivables and prepaid expenses" |  | $ | 21 |  |  | $ | 303 |
|  | "Other account payables and accrued expenses" |  | $ | (277 | ) |  | $ | - |
|  | "Other comprehensive income (loss)" |  | $ | (256 | ) |  | $ | 303 |
Derivatives not designated as hedging instruments: Foreign exchange forward contracts and other derivatives |  | "Other receivables and prepaid expenses" |  | $ | 176 |  |  | $ | 148 |
|  | "Other account payables and accrued expenses" |  | $ | (79 | ) |  | $ | (457 | )

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- References No definition available. + Details
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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