XML 36 R11.htm IDEA: XBRL DOCUMENT v3.19.3
Fair Value of Financial Instruments
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS
NOTE 4:FAIR VALUE OF FINANCIAL INSTRUMENTS

 

The Company uses derivative instruments primarily to manage exposure to foreign currency exchange rates. The Company's primary objective in holding derivatives is to reduce the volatility of earnings and cash flows due to changes in foreign currency exchange rates related to forecasted monthly payroll payments of employees which are paid in NIS.

 

Gains on designated derivatives reclassified from OCI into Consolidated Statement of Operations for the periods ended:

 

   Six months period ended
June 30,
 
   2019   2018 
   Unaudited 
Line Item in Statement of Operations        
Derivatives designated as cash flow hedging instruments:        
Foreign currency derivatives                 Cost of revenues  $       -   $    (10)
Foreign currency derivatives                 Sales and marketing   (1)   (8)
Foreign currency derivatives                 General and administrative   -    (3)
Total income  $(1)  $(21)

 

The following table presents the assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and 2018:

 

   June 30, 2019 
   Fair Value   Level 1   Level 2   Level 3 
   Unaudited 
Description                
Derivative assets  $10    -   $10    - 
                     
   $10    -   $10    - 

 

   June 30, 2018 
   Fair Value   Level 1   Level 2   Level 3 
   Unaudited 
Description                
Derivative liabilities  $47    -   $47    - 
                     
   $47    -   $47    -