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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2018
Accounting Policies [Abstract] |
Schedule of Property and Equipment Useful Lives | Depreciation is calculated by the straight-line method over the estimated useful lives of the assets as follows:
|  | Years
Buildings |  | 50
Computers, software and electronic equipment |  | 2 - 10
Office furniture and equipment |  | 3 - 15
Vehicles |  | 4 - 7
Schedule of Intangible Assets Estimated Useful Life | The assets are amortized over their estimated useful lives using the straight-line method over an estimated period during which benefits are expected to be received, in accordance with ASC 350, "Intangible - Goodwill and Other" ("ASC 350") as follows:
|  | Years
Technology |  | 7.9
Customer relationships |  | 6.8
Marketing rights and patents |  | 12.1
Schedule of Accumulated Other Comprehensive Income, Net | The following tables shows the components of accumulated other comprehensive income (loss), as of December 31, 2018 and 2017:
|  | Year ended December 31, 2018 |
|  | Foreign currency translation adjustments |  |  | Unrealized gains (losses) on cash flow hedges |  |  | Total |
Beginning balance |  | $ | (3,217 | ) |  | $ | 171 |  |  | $ | (3,046 | )
Other comprehensive loss before reclassifications |  |  | (1,845 | ) |  |  | (1,548 | ) |  |  | (3,393 | )
Amounts reclassified from accumulated other comprehensive income |  |  | - |  |  |  | 1,059 |  |  |  | 1,059 |
Net current-period other comprehensive loss |  |  | (1,845 | ) |  |  | (489 | ) |  |  | (2,334 | )
Ending balance |  | $ | (5,062 | ) |  | $ | (318 | ) |  | $ | (5,380 | )
|  | Year ended December 31, 2017 |
|  | Foreign currency translation adjustments |  |  | Unrealized gains (losses) on cash flow hedges |  |  | Total |
Beginning balance |  | $ | (3,122 | ) |  | $ | (102 | ) |  | $ | (3,224 | )
Other comprehensive income before reclassifications |  |  | (95 | ) |  |  | 1,419 |  |  |  | 1,324 |
Amounts reclassified from accumulated other comprehensive income |  |  | - |  |  |  | (1,146 | ) |  |  | (1,146 | )
Net current-period other comprehensive income (loss) |  |  | (95 | ) |  |  | 273 |  |  |  | 178 |
Ending balance |  | $ | (3,217 | ) |  | $ | 171 |  |  | $ | (3,046 |
Schedule of Cumulative Effects of Applying New Accounting Pronouncement ASU 2014-09 | The cumulative effect of the changes made to the consolidated balance sheet as of January 1, 2018 for the adoption of Topic 606-10 was as follows:
|  | December 31, 2017 |  |  | Impact of Adoption |  |  | January 1, 2018 |
Condensed Consolidated Balance Sheet |  |  |  |  |  |  |  |  |
Other current assets |  | $ | 19,415 |  |  |  | 2,004 |  |  | $ | 21,419 |
Accrued expenses |  |  | 75,270 |  |  |  | 483 |  |  |  | 75,753 |
Accumulated deficit |  | $ | (702,959 | ) |  |  | 1,521 |  |  | $ | (701,438 | )
In accordance with Topic 606-10, the disclosure of the impact of adoption on the consolidated balance sheet as of December 31, 2018 was as follows:
|  | December 31, 2018 |
|  | As Reported |  |  | Impact of Adoption |  |  | Amounts under Topic 605 |
Condensed Consolidated Balance Sheet |  |  |  |  |  |  |  |  |
Contract assets |  | $ | 47,760 |  |  |  | (1,221 | ) |  | $ | 46,539 |
Other current assets |  |  | 26,022 |  |  |  | (2,342 | ) |  |  | 23,680 |
Accrued expenses |  |  | 67,533 |  |  |  | (1,023 | ) |  |  | 66,510 |
Accumulated deficit |  | $ | (683,029 | ) |  |  | (2,540 | ) |  | $ | (685,569 | )
In accordance with Topic 606-10, the disclosure of the impact of adoption on the consolidated statement of operations and cash flows was as follows:
|  | Year ended December 31, 2018 |
|  | As Reported |  |  | Impact of Adoption |  |  | Amounts under Topic 605 |
Condensed Consolidated Statement of Operations |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 266,391 |  |  |  | (1,221 | ) |  | $ | 265,170 |
Cost of revenues |  |  | 172,354 |  |  |  | - |  |  |  | 172,354 |
Gross profit |  |  | 94,037 |  |  |  | (1,221 | ) |  |  | 92,816 |
Operating expenses |  |  | 72,753 |  |  |  | (202 | ) |  |  | 72,551 |
Operating profit |  | $ | 21,284 |  |  |  | (1,019 | ) |  | $ | 20,265 |
Condensed Consolidated Statement of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 18,409 |  |  |  | (1,019 | ) |  | $ | 17,390 |
Increase (decrease) in accrued expenses |  |  | (7,206 | ) |  |  | (540 | ) |  |  | (6,666 | )
Increase (decrease) in other assets and receivables |  |  | (4,917 | ) |  |  | 338 |  |  |  | (4,579 | )
Increase (decrease) in contract assets |  | $ | 11,029 |  |  |  | 1,221 |  |  | $ | 12,250 |
Schedule of Short-term and Long-term Restricted Cash |
The Company applied this standard to each prior period presented using the full retrospective transition method, as required by the new standard.
|  | December 31, |
|  | 2018 |  |  | 2017 |
Cash and cash equivalents |  | $ | 67,381 |  |  | $ | 52,957 |
Restricted cash |  |  | 32,305 |  |  |  | 29,288 |
Restricted cash held by trustees |  |  | 4,372 |  |  |  | 4,325 |
Long term restricted cash |  |  | 146 |  |  |  | 187 |
|  | $ | 104,204 |  |  | $ | 86,757

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