v3.24.1.u1
DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of the Companys outstanding derivative instruments
The fair value of the Company’s outstanding derivative instruments is as follows:
 
 
  
December 31,
  Balance sheet   2023     2022  
Derivatives designated as hedging instruments:
              
Foreign exchange forward contracts and other derivatives
''Prepaid expenses and other current assets''
  
$
234
    
$
7
  
 
''Accrued expenses and other liabilities''
    
20
      
239
  
 
''Accumulated other comprehensive income''
    
214
      
232
  
                   
Derivatives not designated as hedging instruments:
                  
                   
Foreign exchange forward contracts and other derivatives
''Prepaid expenses and other current assets''
    
-
      
18
  
 
''Accrued expenses and other liabilities''
  
$
-
    
$
31
  
Schedule of net amounts reclassified from accumulated other comprehensive loss to the operating expenses
The net amounts reclassified from accumulated other comprehensive loss to the operating expenses are as follows:
 
   
Gain recognized in
Consolidated
Statements of Comprehensive Income
      
Gain (loss) recognized
in Consolidated Statements of
Income
  
   
Year ended
December 31,
  
Statement of Income
  
Year ended December 31,
  
   
2023
    
2023
    
2022
    
2021
  
Derivatives designated as hedging instruments:
                          
Foreign exchange options and forward contracts
  
$
446
  
"Operating expenses"
  
$
(1,233
)
  
$
(948
)
  
$
167
  
                                   
Derivatives not designated as hedging instruments:
                                  
Foreign exchange options and forward contracts
    
-
  
"Financial expenses"
    
(140
)
    
(75
)
    
24
  
                                   
Total
  
$
446
      
$
(1,373
)
  
$
(1,023
)
  
$
191