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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
6 Months Ended
Jun. 30, 2018
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:

 

     June 30,
2018
(Unaudited)
     December 31,
2017
(Audited)
 

Derivative liabilities:

     

Derivatives designated as cash flow hedging instruments:

     

Foreign exchange option contracts

   $ 29      $ —    

Foreign exchange forward contracts

     55        —    
  

 

 

    

 

 

 

Total

   $ 84      $  
  

 

 

    

 

 

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

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

 

     Six months ended
June 30,
     Three months ended
June 30,
 
     2018
(unaudited)
     2017
(unaudited)
     2018
(unaudited)
     2017
(unaudited)
 

Derivatives designated as cash flow hedging instruments:

           

Foreign exchange option contracts

   $ (126    $ 87      $ (107    $ (4

Foreign exchange forward contracts

     (154      95        (149      4  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ (280    $ 182      $ (256    $ —    
  

 

 

    

 

 

    

 

 

    

 

 

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

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

 

     Six months ended
June 30,
     Three months ended
June 30,
 
     2018
(unaudited)
     2017
(unaudited)
     2018
(unaudited)
     2017
(unaudited)
 

Derivatives designated as cash flow hedging instruments:

           

Foreign exchange option contracts

   $ 97      $ (87    $ 83      $ (38

Foreign exchange forward contracts

     99        (101      94        (4
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 196      $ (188    $ 177      $ (42