DERIVATIVES AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value of Outstanding Derivative Instruments

The fair value of the Company’s outstanding derivative instruments is as follows:

	As at September 30,		As at December 31,
	2013		2012
	(Unaudited)		(Audited)
Derivative assets:
Derivatives designated as cash flow hedging instruments:
Foreign exchange option contracts	$	—	$	158
Foreign exchange forward contracts		65		58
Total	$	65	$	216
Derivative liabilities:
Derivatives designated as cash flow hedging instruments:
Foreign exchange forward contracts	$	6	$	—
Derivatives not qualified as hedging instruments:
Foreign exchange forward contracts		—		112
Total	$	6	$	112

Increase in Gains (Losses) Recognized in "Accumulated Other Comprehensive Income ( Loss)" on Derivatives, Before Tax Effect

The increase in gains (losses) recognized in “accumulated other comprehensive income (loss)” on derivatives, before tax effect, is as follows:

	Nine months ended September 30,					Three months ended September 30,
	2013		2012			2013		2012
	(unaudited)		(unaudited)			(unaudited)		(unaudited)
Derivatives designated as cash flow hedging instruments:
Foreign exchange option contracts	$	108	$	(11	)	$	15	$	27
Foreign exchange forward contracts		187		(11	)		62		7
	$	295	$	(22	)	$	77	$	34

Gain (Losses) Reclassified from "Accumulated Other Comprehensive Income (Loss)"

The gains (losses) reclassified from “accumulated other comprehensive income (loss)” into income, are as follows:

	Nine months ended September 30,					Three months ended September 30,
	2013			2012		2013			2012
	(unaudited)			(unaudited)		(unaudited)			(unaudited)
Derivatives designated as cash flow hedging instruments:
Foreign exchange option contracts	$	(266	)	$	129	$	(108	)	$	48
Foreign exchange forward contracts		(186	)		93		(56	)		34
	$	(452	)	$	222	$	(164	)	$	82