XML 38 R16.htm IDEA: XBRL DOCUMENT
v3.20.1

DERIVATIVE INSTRUMENTS | 12 Months Ended
--- | ---
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
DERIVATIVE INSTRUMENTS |
NOTE 9:- | DERIVATIVE INSTRUMENTS
The Company enters into foreign currency forward and option contracts with financial institutions to protect against the exposure to changes in exchange rates of several foreign currencies that are associated with forecasted cash flows and existing assets and liabilities. The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation. The fair value of derivative contracts in the consolidated balance sheets at December 31, 2019 and December 31, 2018 were as follows:
|  | Other accounts receivable and prepaid expenses |  |  | Other accounts payable and accrued expenses |
|  | December 31, 2019 |
Derivatives designated as hedging instruments |  |  |  |  |  |
Currency forward contracts |  | $ | 318 |  |  | $ | - |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |
Currency forward and option contracts |  | $ | 55 |  |  | $ | 112 |
Total derivatives |  | $ | 373 |  |  | $ | 112 |
|  | Other accounts receivable and prepaid expenses |  |  | Other accounts payable and accrued expenses |
|  | December 31, 2018 |
Derivatives designated as hedging instruments |  |  |  |  |  |
Currency forward contracts |  | $ | 3 |  |  | $ | 587 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |
Currency forward and option contracts |  | $ | 2 |  |  | $ | 446 |
Total derivatives |  | $ | 5 |  |  | $ | 1,033 |
The maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for forecasted transactions is up to 12 months. For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains or losses from contracts that were not designated as hedging instruments are recognized in "financial expenses and others, net". The effect of derivative contracts on the consolidated statements of operations for the year ended December 31, 2019 and 2018 was as follows:
|  | Year ended December 31, |
|  | 2018 |  |  | 2019 |
Operating income (expenses) |  | $ | (1,373 | ) |  | $ | 895 |
Financial income (expenses) |  | $ | 1,172 |  |  | $ | (207 | )

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/topic&trid=2229140 + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration