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Long-Term Loans, Net of Current Maturities

12 Months Ended

Dec. 31, 2016

Current Maturities of Long Term Loans/Long-Term Loans, Net of Current Maturities [Abstract]

LONG-TERM LOANS, NET OF CURRENT MATURITIES

NOTE 13:-    LONG-TERM LOANS, NET OF CURRENT MATURITIES

Classified by linkage terms and interest rates, the total amount of the loans is as follows:

	Loan currency		Weighted interest  rate as of December 31, 2016		December 31,
			%		2016				2015
	NIS		5.44%		$	3,134			$	3,858
	Less - current maturities					400				400
					$	2,734			$	3,458

In January 2016, the Company and its Israeli subsidiaries entered into a refinancing agreement with Bank Leumi, which converted the short term debt of $3,858 as of December 31, 2015, into long term loans. The agreement includes covenants to maintain certain financial ratios related to shareholders' equity, EBITDA and operating results. In addition, the Company and its Israeli subsidiaries agreed to repay the bank $1,200 plus interest, in 36 equal installments commencing 2016. The remaining balance of the loans, in the amount of $2,658, shall be paid on December 31, 2018.

The total amount to be paid by the Company is as follows:

	Payment schedule		December 31, 2016
	2017		$	400
	2018			2,734
	Total		$	3,134

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- References

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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