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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
3 Months Ended
Mar. 31, 2017
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:

 

     March 31,
2017
(Unaudited)
     December 31,
2016
(Audited)
 

Derivative assets:

     

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange option contracts

   $ 42      $ —    

Foreign exchange forward contracts

     —          6  
  

 

 

    

 

 

 

Total

   $ 42      $ 6  
  

 

 

    

 

 

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

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

 

     Three months ended
March 31,
 
     2017
(unaudited)
     2016
(unaudited)
 

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange option contracts

   $ 91      $ 122  

Foreign exchange forward contracts

     91        113  
  

 

 

    

 

 

 
   $ 182      $ 235  
  

 

 

    

 

 

 
Net (Gains) Losses Reclassified from "Accumulated Other Comprehensive Income (Loss)"

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

 

     Three months ended
March 31,
 
     2017
(unaudited)
     2016
(unaudited)
 

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange option contracts

   $ (49    $ —    

Foreign exchange forward contracts

     (97      (25
  

 

 

    

 

 

 
   $ (146    $ (25