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Fair Value Measurements
 6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASURMENTS
NOTE 5:- FAIR VALUE measurments

 

In accordance with ASC 820, the Company measures its investment in marketable securities and foreign currency derivative contracts at fair value. Generally, equity funds are classified within Level 1, this is because these assets are valued using quoted prices in active markets. Foreign currency derivative contracts, certain corporate bonds and convertible 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, 2017     
     Fair value measurements using input type     
     Level 1   Level 2   Level 3   Total 
  Assets:                
  Corporate bonds  $-   $12,929   $-   $12,929 
  Convertible bonds   -    1,209    -    1,209 
                       
  Total financial assets  $-   $14,138   $-   $14,138 
                       
  Liabilities:                    
  Contingent consideration  $-   $-   $1,333   $1,333 
                       
  Total financials liabilities  $-   $-   $1,333   $1,333 

  

     June 30, 2018     
    

Fair value measurements using input type
Unaudited

     
     Level 1   Level 2   Level 3   Total 
  Assets:                
  Corporate bonds  $-   $10,753   $-   $10,753 
  Convertible bonds   -    1,166    -    1,166 
                       
  Total financial assets  $-   $11,919   $-   $11,919 
                       
  Liabilities:                    
  Contingent consideration  $-   $-   $504   $504 
                       
  Total financials liabilities  $-   $-   $504   $504 

 

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

 

     June 30,   December 31, 
     2018   2017 
     Unaudited     
           
  Opening balance  $1,333   $3,088 
  Payment of contingent consideration   (946)   (2,109)
  Increase in fair value of contingent consideration   139    1,587 
  Decrease in fair value of contingent consideration   -    (1,287)
  Decrease in liability against other receivables   -    (118)
  Amortization of interest and exchange rate   (22)   172 
             
  Closing balance  $504   $1,333