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GOODWILL AND OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

NOTE 5:-

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill:

Changes in goodwill:

	June 30,		December 31,
	2016		2015
	Unaudited

Goodwill, beginning of period	$	30,844	$	17,467
Revaluation (foreign currency exchange differences)		85		(207	)
Acquisition		-		13,584

Goodwill, end of period	$	30,929	$	30,844

Net other intangible assets consisted of the following:

	Weighted average amortization	June 30,		December 31,
	period	2016		2015
	(years)	Unaudited
Original amount:

Core technology	5.09	$	13,384	$	13,384
Customer relationships	6.86		1,981		1,981
Non-competition agreement	4		224		224

			15,589		15,589
Accumulated amortization:

Core technology			6,101		4,834
Customer relationships			1,469		1,371
Non-competition agreement			140		112

			7,710		6,317
Impairment of acquisition-related intangible assets (*)			2,132		-

Other intangible assets ,net:

Core technology			5,151		8,550
Customer relationships			512		610
Non-competition agreement			84		112

		$	5,747	$	9,272

The estimated future amortization expense of other intangible assets as of June 30, 2016 for the years ending:

Year ending December 31,

2016	$	1,109
2017		1,845
2018		1,421
Thereafter		1,372

	$	5,747

(*)

In the second quarter of 2016, the Company recorded a $2,132 impairment charge on developed technology. This impairment was based upon forecasted discounted cash flows which considered delayed sales trends with longer than expected sales cycles of Appfluent products, which the Company believes is primarily due to the innovative nature of this solution.

- 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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