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FAIR VALUE MEASUREMENTS
 6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
NOTE 5:-
FAIR VALUE MEASUREMENTS
 
In accordance with Accounting Statdards Codification ("ASC") No. 820, "Fair Value Measurements and Disclosures", the Group measures its foreign currency derivative instruments and its contingent consideration relating to the Mailvision acquisition, at fair value. Investments in foreign currency derivative instruments and debt securities are classified within Level 2 value hierarchy. This is because these assets are valued using alternative pricing sources and models utilizing market observable inputs.
 
The Group's financial assets and liabilities measured at fair value on a recurring basis, consisted of the following types of instruments as of the following dates:
 
 
 
June 30, 2015
 
 
 
Fair value measurements using input type
 
 
 
Level 2
 
Level 3
 
Total
 
 
 
Unaudited
 
Financial assets related to foreign currency derivative hedging contracts
 
$
2,002
 
$
-
 
$
2,002
 
Marketable securities
 
 
56,207
 
 
-
 
 
56,207
 
Contingent consideration related to Mailvision
 
 
-
 
 
(221)
 
 
(221)
 
 
 
 
 
 
 
 
 
 
 
 
Total Financial assets (liability)
 
$
58,209
 
$
(221)
 
$
57,988
 
 
 
 
December 31, 2014
 
 
 
Fair value measurements using input type
 
 
 
Level 2
 
Level 3
 
Total
 
 
 
Audited
 
Financial assets related to foreign currency derivative hedging contracts
 
$
127
 
$
-
 
$
127
 
Marketable securities
 
 
59,227
 
 
-
 
 
59,227
 
Contingent consideration related to Mailvision
 
 
-
 
 
(443)
 
 
(443)
 
 
 
 
 
 
 
 
 
 
 
 
Total Financial assets (liability)
 
$
59,354
 
$
(443)
 
$
58,911
 
 
Fair value measurements using significant unobservable inputs (Level 3):
 
Balance at January 1, 2015 (audited)
 
$
(443)
 
Payment of earn out liability (unaudited)
 
 
233
 
Adjustment due to time change value (unaudited)
 
 
(11)
 
 
 
 
 
 
Balance at June 30, 2015 (unaudited)
 
$
(221)