FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2016

FAIR VALUE [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (U.S. dollars in thousands):

	Fair Value at September 30, 2016
	Level 1		Level 2			Level 3		Total
Financial assets (liabilities):
Cash equivalents and current investments	$	57,616	$	−		$	−	$	57,616
Forward contracts		−		(3,044	)		−		(3,044	)
Life insurance contracts		−		−			31,033		31,033
Total	$	57,616	$	(3,044	)	$	31,033	$	85,605

	Fair Value at December 31, 2015
	Level 1		Level 2		Level 3		Total
Financial assets (liabilities):
Cash equivalents and current investments	$	47,121	$	−	$	−	$	47,121
Forward contracts		−		485		−		485
Life insurance contracts		−		−		27,292		27,292
Total	$	47,121	$	485	$	27,292	$	74,898

Changes in Fair Value of Marketable Securities

The following table provides a summary of changes in fair value of the Company's Level 3 marketable securities (U.S. dollars in thousands):

Life Insurance Contracts
Beginning balance at January 1, 2016	$	27,292
Actual return on plan assets:
Relating to assets still held at the reporting date		1,914
Purchases and issuances		2,029
Sales and settlements		(202	)
Transfers into Level 3		-
Ending balance at September 30, 2016	$	31,033