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DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Contracts

The fair value of derivative contracts in the interim consolidated balance sheets at June 30, 2020 and December 31, 2019 were as follows:

		Other accounts receivable and prepaid expenses				Other accounts payable and accrued expenses
		June 30, 2020
Derivatives designated as hedging instruments
Currency forward contracts		$	297			$	325
Derivatives not designated as hedging instruments
Currency forward and option contracts		$	251			$	13
Total derivatives		$	548			$	338

F - 10

CERAGON NETWORKS LTD. AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

U.S. dollars in thousands (except share and per share data)

NOTE 5:DERIVATIVE INSTRUMENTS (Cont.)

		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

Schedule of Notional Amounts of Outstanding Derivative Contracts

The notional amounts of outstanding derivative contracts in U.S. dollars at June 30, 2020 and December 31, 2019 were as follows:

		December 31, 2019				June 30, 2020
Derivatives designated as hedging instruments
Currency forward contracts		$	29,621			$	22,510
Derivatives not designated as hedging instruments
Currency forward and option contracts		$	28,532			$	14,771
Total derivatives		$	58,153			$	37,281

Schedule of Derivative Contracts on Unaudited Consolidated Statements of Operations

The effect of derivative contracts on the interim consolidated statements of operations for the six months ended June 30, 2020 and 2019 was as follows:

		Six months ended June 30,
		2019				2020
Operating income (expenses)		$	85			$	(51	)
Financial income (expenses)		$	(559	)		$	658

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959

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