v2.4.0.6
FAIR VALUE MEASUREMENTS
12 Months Ended
Dec. 31, 2013
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, 2013
 
 
 
Fair value measurements using input type
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Government bonds
 
$
410
 
$
-
 
$
-
 
$
410
 
Corporate bonds
 
 
-
 
 
215
 
 
-
 
 
215
 
Equity fund
 
 
229
 
 
-
 
 
-
 
 
229
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financial assets
 
$
639
 
$
215
 
$
-
 
$
854
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration
 
$
-
 
$
-
 
$
3,981
 
$
3,981
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financials liabilities
 
$
-
 
$
-
 
$
3,981
 
$
3,981
 
 
 
 
December 31, 2012
 
 
 
Fair value measurements using input type
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Government bonds
 
$
427
 
$
-
 
$
-
 
$
427
 
Corporate bonds
 
 
-
 
 
237
 
 
-
 
 
237
 
Equity fund
 
 
226
 
 
-
 
 
-
 
 
226
 
Foreign currency derivative contracts
 
 
-
 
 
156
 
 
-
 
 
156
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financial assets
 
$
653
 
$
393
 
$
-
 
$
1,046
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration
 
$
-
 
$
-
 
$
1,942
 
$
1,942
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total financials liabilities
 
$
-
 
$
-
 
$
1,942
 
$
1,942
 
  
Fair value measurements using significant unobservable inputs (Level 3):
 
 
 
December 31,
 
 
 
2012
 
2013
 
 
 
 
 
 
 
 
Opening balance
 
$
1,046
$
1,942
 
Increase in contingent consideration
 
 
1,192
 
2,459
 
Decrease in contingent consideration
 
 
(315)
 
(750)
 
Amortization of interest
 
 
19
 
330
 
 
 
 
 
 
 
 
Closing balance
 
$
1,942
$
3,981