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SUPPLEMENTARY CONSOLIDATED BALANCE SHEET INFORMATION | 12 Months Ended
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Dec. 31, 2016
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract] |
SUPPLEMENTARY CONSOLIDATED BALANCE SHEET INFORMATION |
NOTE 11:- | SUPPLEMENTARY CONSOLIDATED BALANCE SHEET INFORMATION
| a. | Trade receivables, net:
|  | December 31, |
|  | 2016 |  |  | 2015 |
Billed |  | $ | 57,320 |  |  | $ | 53,150 |
Unbilled *) |  |  | 41,713 |  |  |  | - |
|  |  | 99,033 |  |  |  | 53,150 |
Less - Allowance for doubtful accounts |  |  | (9,656 | ) |  |  | (2,166 | )
|  | $ | 89,377 |  |  | $ | 50,984 |
*) The unbilled amount was recognized based on the progress of the construction phase of a large-scale project in Peru (the "Project"). As part of the construction phase, the Company's subsidiary in Peru deploys a wireless network in rural areas. The Project is accounted as a Production-Type Contract using the percentage-of-completion method. The unbilled amount, for which the Company has enforceable rights, will become due at the time the first milestone is reached. The milestone occurs upon the completion of certain objective, representing the progress of the project, which vary between the different areas and type of networks.
| b. | Other current assets:
|  | December 31, |
|  | 2016 |  |  | 2015 |
Governmental authorities |  | $ | 6,184 |  |  | $ | 3,785 |
Prepaid expenses |  |  | 3,784 |  |  |  | 4,765 |
Deferred charges |  |  | 3,817 |  |  |  | 2,316 |
Employees |  |  | 90 |  |  |  | 96 |
Grants receivable |  |  | 276 |  |  |  | 1,540 |
Advance payments to suppliers |  |  | 1,824 |  |  |  | 2,875 |
Deferred taxes |  |  | 64 |  |  |  | 68 |
Other |  |  | 978 |  |  |  | 778 |
|  | $ | 17,017 |  |  | $ | 16,223 |
| c. | Short-term bank credit and loans:
The following is classified by currency and interest rates:
|  | Weighted average interest rate |  |  | December 31, |
|  | December 31, |  |  |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  | % |  |  |  |
In U.S. dollars |  |  | - |  |  |  | 1.05 |  |  |  | - |  |  | $ | 7,000 |
| d. | Other current liabilities:
|  | December 31, |
|  | 2016 |  |  | 2015 |
Payroll and related employee accruals |  | $ | 10,971 |  |  | $ | 9,037 |
Derivative instruments |  |  | 103 |  |  |  | 148 |
Government authorities |  |  | 585 |  |  |  | 1,167 |
Other |  |  | 2,187 |  |  |  | 1,042 |
|  | $ | 13,846 |  |  | $ | 11,394 |
e. Long-term loans:
|  |  | Interest rate for |  |  |  |  |  | December 31, |
|  |  | 2016 |  |  | 2015 |  |  |  |  |  | 2016 |  |  | 2015 |
| Linkage |  | % |  |  | Maturity |  |  |  |
Loans from banks: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(a) | U.S. dollars |  |  | 4.77 |  |  |  | 4.77 |  |  |  | 2017-2022 |  |  | $ | 20,000 |  |  | $ | 24,000 |
(b) | Euro |  | EURIBOR +2.75 |  |  | EURIBOR +2.75 |  |  |  | 2017-2020 |  |  |  | 1,458 |  |  |  | 1,835 |
(c) | Euro |  |  | 6.0 |  |  |  | 6.0 |  |  |  | 2017 |  |  |  | 91 |  |  |  | 200 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 21,549 |  |  |  | 26,035 |
Less - current maturities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,617 |  |  |  | 4,542 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 16,932 |  |  | $ | 21,493 |
| (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, 2016 the Company is in compliance with these covenants.
| (b) | 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.
| (c) | Raysat BG entered into a mortgage business loan with a Bulgarian bank. The amount of the mortgage is collateralized by Raysat BG’s building in Bulgaria.
| f. | Long-term debt maturities for loans after December 31, 2016, are as follows:
Year ending December 31, |  |  |
2017 |  | $ | 4,617 |
2018 |  |  | 4,421 |
2019 |  |  | 4,421 |
2020 |  |  | 4,090 |
2021 and thereafter |  |  | 4,000 |
|  | $ | 21,549 |
Interest expenses on the long-term loans amounted to $ 1,066, $ 1,237 and $ 1,553 for the years ended December 31, 2016, 2015 and 2014, respectively.
| g. | Other long-term liabilities:
|  | December 31, |
|  | 2016 |  |  | 2015 |
Long-term tax accrual |  | $ | 776 |  |  | $ | 871 |
Deferred revenue |  |  | - |  |  |  | 15 |
Other |  |  | 1,505 |  |  |  | 3,092 |
|  | $ | 2,281 |  |  | $ | 3,978 |

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