v3.19.1
FAIR VALUE MEASUREMENTS
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS
NOTE 6:-
FAIR VALUE MEASUREMENTS

In accordance with ASC 820, the Company measures its cash equivalents, foreign currency derivative contracts, and marketable securities, at fair value using the market approach valuation technique. Cash equivalents and marketable securities are classified within Level 1 or Level 2. This is because these assets are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Earn-out provision is classified within the Level 3 value hierarchy, as the valuation is based on unobservable inputs which are supported by little or no market activity.

The following table sets forth the Company’s assets that were measured at fair value as of March 31, 2019 and December 31, 2018, by level within the fair value hierarchy:

   
Fair value measurements
as of
 
  Fair Value  
March 31,
   
December 31,
 
Description
 
Hierarchy
 
2019
   
2018
 
        
(unaudited)
       
Measured at fair value on a recurring basis:
               
                 
Assets:
               
Cash equivalents:
               
Money market mutual funds
 
Level 1
 
$
3,050
   
$
1,767
 
                     
Short-term marketable
securities:
                   
Corporate bonds
 
Level 2
   
101,734
     
110,385
 
Governmental bonds
 
Level 2
   
5,330
     
8,295
 
                     
Long-term marketable
securities:
                   
Corporate bonds
 
Level 2
   
57,252
     
74,256
 
Governmental bonds
 
Level 2
   
-
     
-
 
                     
Liabilities
                   
Long-term Earn-out provision
 
Level 3
   
(1,045
)
   
(332
)