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SUPPLEMENTARY BALANCE SHEET INFORMATION | 12 Months Ended
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Dec. 31, 2013
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract] |
SUPPLEMENTARY BALANCE SHEET INFORMATION |
NOTE 12:- | SUPPLEMENTARY BALANCE SHEET INFORMATION
| a. | Other current assets:
|  | December 31, |
|  | 2013 |  |  | 2012 |
VAT receivables |  | $ | 2,214 |  |  | $ | 2,211 |
Prepaid expenses |  |  | 2,512 |  |  |  | 2,164 |
Deferred charges |  |  | 1,273 |  |  |  | 7,559 |
Tax receivables |  |  | 596 |  |  |  | 976 |
Employees |  |  | 58 |  |  |  | 66 |
Income receivable |  |  | 332 |  |  |  | 3,210 |
Advance payments to suppliers |  |  | 1,197 |  |  |  | 1,277 |
Short term deferred taxes |  |  | 66 |  |  |  | 62 |
Receivables from aborted merger |  |  | - |  |  |  | 2,750 |
Hedging instruments |  |  | - |  |  |  | 1,363 |
Other |  |  | 1,895 |  |  |  | 1,420 |
|  | $ | 10,143 |  |  | $ | 23,058 |
| b. | Short-term bank credit:
The following is classified by currency and interest rates:
|  | Weighted average interest rate |  |  |  |
|  | December 31, |  |  | December 31, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
|  | % |  |  |  |
In dollars |  |  | - |  |  |  | 4.0 |  |  | $ | - |  |  | $ | 3,517 |
| c. | Other current liabilities:
|  | December 31, |
|  | 2013 |  |  | 2012 |
Advances from customers |  | $ | 28,878 |  |  | $ | 3,632 |
Payroll and related employee accruals |  |  | 6,323 |  |  |  | 6,526 |
Deferred revenue |  |  | 6,255 |  |  |  | 12,884 |
Provision for vacation pay |  |  | 6,008 |  |  |  | 5,622 |
Government authorities |  |  | 2,233 |  |  |  | 2,735 |
Other |  |  | 4,969 |  |  |  | 947 |
|  | $ | 54,666 |  |  | $ | 32,346 |
| d. | Long-term loans:
|  |  | Interest rate for |  |  |  |  |  | December 31, |
|  |  | 2013 |  |  | 2012 |  |  |  |  |  | 2013 |  |  | 2012 |
| Linkage |  | % |  |  | % |  |  | Maturity |  |  |  |
Loans from banks: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(a) | U.S.dollar |  | 4.77% |  |  | 4.77% |  |  |  | 2012-2022 |  |  | $ | 32,000 |  |  | $ | 36,000 |
(b) | U.S.dollar |  | - |  |  | PRIME + 0.25% |  |  |  | 2012-2013 |  |  |  | - |  |  |  | 8,334 |
(c) | Euro |  | EURIBOR +2.75% |  |  | EURIBOR +2.75% |  |  |  | 2001-2020 |  |  |  | 3,425 |  |  |  | 3,805 |
(d) | Euro |  | 7.9% |  |  | 7.9% |  |  |  | 2012-2017 |  |  |  | 491 |  |  |  | 571 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 35,916 |  |  |  | 48,710 |
Less - current maturities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,665 |  |  |  | 7,963 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 31,251 |  |  | $ | 40,747 |
| (a) | The Company entered into a loan agreement with an Israeli bank. The loan is secured by a floating charge on the assets of the Company, and is further secured by a fixed pledge (mortgage) on the Company's real estate in Israel. In addition, there are financial covenants associated with the loan. As of December 31, 2013 the Company is in compliance with these covenants.
As part of the loan agreement, the Company also received a credit line of $ 5,200 from the bank. As of December 31, 2013, all of this credit line was utilized.
| (b) | The Company entered into a loan agreement with an U.S. bank, the loan was secured by a floating pledge over Spacenet's assets. This loan was fully paid and the pledge was released during 2013.
| (c) | A Dutch subsidiary of the Company entered into a mortgage and loan agreement with a German bank. The amount of the mortgage is collateralized by the subsidiary's facilities in Germany.
| (d) | Raysat BG entered into a mortgage business loan with a Bulgarian bank. The amount of the mortgage is collateralized by Raysat BG building in Bulgaria.
| e. | Long-term debt maturities for loans after December 31, 2013, are as follows:
Year ending December 31, |  |  |
2014 |  | $ | 4,665 |
2015 |  |  | 4,675 |
2016 |  |  | 4,685 |
2017 |  |  | 4,671 |
2018 |  |  | 4,551 |
2019 and thereafter |  |  | 12,669 |
|  | $ | 35,916 |
Interest expenses on the long-term loans amounted to $ 1,854, $ 2,153 and $ 2,318 for the years ended December 31, 2013, 2012 and 2011, respectively.
| f. | Other long-term liabilities:
|  | December 31, |
|  | 2013 |  |  | 2012 |
Long-term tax accrual |  | $ | 4,274 |  |  | $ | 4,640 |
Long term deferred taxes |  |  | - |  |  |  | 2,713 |
Deferred revenue |  | $ | 76 |  |  | $ | 476 |
Other |  |  | 527 |  |  |  | 4,506 |
|  | $ | 4,877 |  |  | $ | 12,335 |

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