RESTRICTED CASH AND TIME DEPOSITS

9 Months Ended

Sep. 30, 2013

RESTRICTED CASH AND TIME DEPOSITS [Abstract]

4.	RESTRICTED CASH AND TIME DEPOSITS

Restricted cash and time deposits consisted of the following:

	September 30, 2013		December 31, 2012
Time deposits	$	—	$	1,006
Short-term security deposits under client contracts		217		660
Long-term deposits under employee loan programs		246		360
Long-term deposits under operating leases		—		107
Total	$	463	$	2,133

Included in time deposits as of December 31, 2012, was a deposit of $1,006, which earned an interest rate of 2.95%.

At September 30, 2013 and December 31, 2012, short-term security deposits under client contracts included fixed amounts placed in respect of bank guarantees intended to secure appropriate performance under respective contracts. The Company estimates the probability of non-performance under the contracts as remote; therefore, no provision for losses has been created in respect of these amounts as of these dates.

Also included in restricted cash as of September 30, 2013 and December 31, 2012, were deposits of $246 and $360, respectively, placed in connection with certain employee loan program (See Note 10).