GOODWILL AND OTHER INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2014

GOODWILL AND OTHER INTANGIBLE ASSETS, NET [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

NOTE 5:-

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill:

Changes in goodwill during the years ended December 31, 2014 and 2013 are as follows:

	December 31,
	2014			2013

Goodwill, beginning of year	$	17,748		$	13,094
Revaluation (foreign currency exchange differences)		(281	)		107
Acquisition of Hayes		-			4,547

Goodwill, end of year	$	17,467		$	17,748

Other intangible assets, net:

Net other intangible assets consisted of the following:

	December 31,
	2014		2013
Original amount:
Core technology	$	7,034	$	5,762
Customer relationships		1,599		1,599
Non-competition agreement		224		224

		8,857		7,585
Accumulated amortization:
Core technology		2,315		1,426
Customer relationships		1,084		814
Non-competition agreement		56		-

		3,455		2,240
Other intangible assets ,net:
Core technology		4,719		4,336
Customer relationships		515		785
Non-competition agreement		168		224

	$	5,402	$	5,345

The estimated future amortization expense of other intangible assets as of December 31, 2014 for the years ending:

Year ending December 31,
2015	$	1,749
2016		1,422
2017		1,073
2018		670
Thereafter		488
	$	5,402

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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