Note 7 - Fair Value Measurements

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Fair Value Disclosures [Text Block]

N

OTE 

7:

- FAIR VALUE MEASUREMENTS

The following table sets forth the Company’s liabilities that were measured at fair value as of

December 

31,

2017

and

2016

by level within the fair value hierarchy (in thousands):

As of December  31, 2017

As of December 31, 2016

Level I

Level II

Level III

Fair Value

Level I

Level II

Level III

Fair Value

Financial assets:

Cash equivalents:

Money market funds

6,870

–

–

6,870

6,140

–

–

6,140

Short-term investments:

US Treasury securities

39,731

–

–

39,731

–

–

–

–

Term bank deposits

40,137

–

–

40,137

65,493

–

–

65,493

Other current assets:

Forward foreign exchange contracts

–

163

–

163

–

–

–

–

Financial liabilities:

Forward foreign exchange contracts

–

–

–

–

–

(479

)

–

(479

)

Total financial assets (liabilities)

$

86,738

$

163

$

–

$

86,901

$

71,633

$

(479

)

$

–

$

71,154