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FAIR VALUE MEASUREMENTS
 12 Months Ended
Dec. 31, 2015
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.
 
Contingent consideration is classified within Level 3. The Company values the Level 3 contingent consideration using discounted cash flow of the expected future payments, whose inputs include interest rate.
 
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, 2014
 
 
 
Fair value measurements using input type
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
 
$
-
 
$
11,684
 
$
-
 
$
11,684
 
Equity fund
 
 
231
 
 
-
 
 
-
 
 
231
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financial assets
 
$
231
 
$
11,684
 
$
-
 
$
11,915
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration
 
$
-
 
$
-
 
$
382
 
$
382
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financials liabilities
 
$
-
 
$
-
 
$
382
 
$
382
 
 
 
 
December 31, 2015
 
 
 
Fair value measurements using input type
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
 
$
-
 
$
11,584
 
$
-
 
$
11,584
 
Equity fund
 
 
235
 
 
-
 
 
-
 
 
235
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financial assets
 
$
235
 
$
11,584
 
$
-
 
$
11,819
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration
 
$
-
 
$
-
 
$
1,220
 
$
1,220
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financials liabilities
 
$
-
 
$
-
 
$
1,220
 
$
1,220
 
 
Fair value measurements using significant unobservable inputs (Level 3):
 
 
 
December 31,
 
 
 
2014
 
2015
 
 
 
 
 
 
 
Opening balance
 
$
3,981
 
$
382
 
Increase in contingent consideration
 
 
250
 
 
1,048
 
Payment of contingent consideration
 
 
(3,053)
 
 
(166)
 
Change in fair value of contingent consideration
 
 
(948)
 
 
3
 
Amortization of interest and exchange rate
 
 
152
 
 
(47)
 
 
 
 
 
 
 
 
 
Closing balance
 
$
382
 
$
1,220