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FAIR VALUE MEASUREMENTS
 12 Months Ended
Dec. 31, 2016
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, 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
 
 
 
 
December 31, 2016
 
 
 
Fair value measurements using input type
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
 
$
-
 
$
12,276
 
$
-
 
$
12,276
 
Equity fund
 
 
230
 
 
-
 
 
-
 
 
230
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financial assets
 
$
230
 
$
12,276
 
$
-
 
$
12,506
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration
 
$
-
 
$
-
 
$
3,088
 
$
3,088
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financials liabilities
 
$
-
 
$
-
 
$
3,088
 
$
3,088
 
 
Fair value measurements using significant unobservable inputs (Level 3):
 
 
 
December 31,
 
 
 
2015
 
2016
 
 
 
 
 
 
 
Opening balance
 
$
382
 
$
1,220
 
Increase in contingent consideration due to acquisitions
 
 
1,048
 
 
1,868
 
Payment of contingent consideration
 
 
(166)
 
 
(883)
 
Change in fair value of contingent consideration
 
 
3
 
 
665
 
Amortization of interest and exchange rate
 
 
(47)
 
 
218
 
 
 
 
 
 
 
 
 
Closing balance
 
$
1,220
 
$
3,088