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FAIR VALUE MEASUREMENTS
 12 Months Ended
Dec. 31, 2011
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
NOTE 5:- FAIR VALUE MEASUREMENTS

 

In accordance with ASC 820, the Company measures its investment in marketable securities and foreign currency derivative contracts at fair value. Generally marketable securities are classified within Level 1, this is because these assets are valued using quoted prices in active markets. Foreign currency derivative contracts and certain corporate bonds are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments.

  

The Company's financial assets measured at fair value on a recurring basis, excluding accrued interest components, consisted of the following types of instruments as of the following dates:

 

    December 31, 2010  
    Fair value measurements using input type  
    Level 1     Level 2     Level 3     Total  
Assets:                                
Government bonds   $ 444     $ -     $ -     $ 444  
Corporate bonds     186       2,018       -       2,204  
Equity fund     209       -       -       209  
                                 
Total financials assets   $ 839     $ 2,018     $ -     $ 2,857  
                                 
Liabilities:                                
Foreign currency derivative contracts   $ -     $ 40     $ -     $ 40  
Contingent consideration                     480       480  
                                 
Total financials liabilities   $ -     $ 40     $ 480     $ 520  

 

    December 31, 2011  
    Fair value measurements using input type  
    Level 1     Level 2     Level 3     Total  
Assets:                                
Government bonds   $ 435     $ -     $ -     $ 435  
Corporate bonds     -       638       -       638  
Equity fund     168       -       -       168  
Foreign currency derivative contracts     -       42       -       42  
                                 
Total financials assets   $ 603     $ 680     $ -     $ 1,283  
                                 
Liabilities:                                
                                 
Contingent consideration   $ -     $ -     $ 1,046     $ 1,046  
                                 
Total financials liabilities   $ -     $ -     $ 1,046     $ 1,046  

 

Fair value measurements using significant unobservable inputs (Level 3):

 

    Year ended December 31,  
    2010     2011  
             
Opening balance   $ -     $ 480  
Increase in contingent consideration     414       750  
Decrease in contingent consideration due to settlement     -       (225 )
Amortization of interest     66       41  
                 
Closing balance   $ 480     $ 1,046