v2.4.1.9
SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Redeemable Noncontrolling Interest [Table Text Block]
The following table provides a reconciliation of the redeemable non-controlling interests:
 
January 1, 2014
 
2,721
 
Net income attributable to redeemable non-controlling interests
 
425
 
Non-controlling interest as part of acquisitions
 
158
 
Foreign currency translation adjustments
 
(374)
 
 
 
 
 
December 31, 2014
 
2,930
 
Property, Plant and Equipment [Table Text Block]
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated by the straight-line method over the estimated useful lives of the assets, at the following annual rates:
 
 
 
Years
 
 
 
 
 
Computers and peripheral equipment
 
3
 
Office furniture and equipment
 
7 - 15 (mainly 7)
 
Motor vehicles
 
7
 
Software
 
3 – 5 (mainly 5)
 
Leasehold improvements
 
Over the shorter of the lease term or useful economic life
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value for the Company's stock options granted to employees and directors was estimated using the following assumptions:
 
 
 
2013
 
2014
 
 
 
 
 
 
 
Dividend yield
 
0%
 
0%
 
Expected volatility
 
32% - 59%
 
32% - 59%
 
Risk-free interest rate
 
0.1% - 2.6%
 
0.1% - 2.6%
 
Expected forfeiture (employees)
 
-
 
-
 
Expected forfeiture (executives)
 
-
 
-
 
Contractual term of up to
 
10 years
 
10 years
 
Suboptimal exercise multiple (employees)
 
2
 
-
 
Suboptimal exercise multiple (executives)
 
2
 
2
 
Schedule Of Stock Based Compensation Expense [Table Text Block]
During the years ended December 31, 2012, 2013 and 2014, the Company recognized stock-based compensation expense related to employee stock options in the amount of $  515, $ 325 and $ 1,557, respectively, as follows:
 
 
 
Year ended December 31,
 
 
 
2012
 
2013
 
2014
 
 
 
 
 
 
 
 
 
Cost of revenue
 
$
16
 
$
11
 
$
30
 
Research and development
 
 
114
 
 
67
 
 
29
 
Selling and marketing
 
 
82
 
 
85
 
 
220
 
General and administrative
 
 
303
 
 
162
 
 
1,278
 
 
 
 
 
 
 
 
 
 
 
 
Total stock-based compensation expense
 
$
515
 
$
325
 
$
1,557
 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables present fair value amounts and gains and losses of derivative instruments and related hedged items:
 
 
 
Fair values of derivative instruments
 
 
 
Assets
 
 
 
 
 
December 31,
 
 
 
Balance sheet item
 
2013
 
 
2014
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging
 
"Other accounts receivable and prepaid expenses"
 
$
-
 
$
9
 
 
 
 
 
 
 
 
 
 
 
Total derivatives
 
 
 
$
-
 
$
9
 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
 
 
 
 
Gain (loss)
 
 
 
 
 
recognized in the
 
 
 
Statements
 
statements of income
 
 
 
of
 
Year ended December 31,
 
 
 
income item
 
2012
 
2013
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging:
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
 
"Financial expenses, net"
 
 
245
 
 
139
 
 
24
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total derivatives
 
 
 
$
245
 
$
139
 
$
24