NICE (NICE) 20-F 21 Apr 17 2016 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2016shares
Document And Entity Information
Entity Registrant Name	NICE Ltd.
Entity Central Index Key	1,003,935
Document Type	20-F
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer	Yes
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	59,986,493
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 157,026	$ 325,931
Short-term investments	30,287	99,195
Trade receivables (net of allowance for doubtful accounts of $ 7,499 and $ 5,315 at December 31, 2016 and 2015, respectively)	260,220	177,323
Prepaid expenses and other current assets	57,966	43,561
Current assets of discontinued operations	3,734	9,142
Total current assets	509,233	655,152
LONG-TERM ASSETS:
Long-term investments	98,726	403,249
Other long-term assets	18,701	17,175
Property and equipment, net	87,678	40,593
Deferred tax assets	14,093	14,130
Other intangible assets, net	618,735	68,202
Goodwill	1,284,710	651,112
Total long-term assets	2,122,643	1,194,461
Total assets	2,631,876	1,849,613
CURRENT LIABILITIES:
Current maturities of long term loan	21,164
Trade payables	25,634	11,719
Deferred revenues and advances from customers	149,801	131,125
Accrued expenses and other liabilities	273,134	223,255
Current liabilities of discontinued operations	3,077	12,744
Total current liabilities	472,810	378,843
LONG-TERM LIABILITIES:
Deferred revenues and advances from customers	22,710	20,220
Accrued severance pay	16,885	17,952
Deferred tax liabilities	146,952	15,040
Long-term loan	444,016
Other long-term liabilities	17,171
Long-term liabilities of discontinued operations		2,409
Total long-term liabilities	647,734	55,621
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:
Share capital-Ordinary shares of NIS 1 par value: Authorized: 125,000,000 shares at December 31, 2016 and 2015; Issued: 72,323,566 and 71,160,289 shares at December 31, 2016 and 2015, respectively; Outstanding: 59,988,783 and 59,526,506 shares at December 31, 2016 and 2015, respectively	18,280	17,977
Additional paid-in capital	1,317,539	1,234,206
Treasury shares at cost - 12,334,783 and 11,633,783 Ordinary shares at December 31, 2016 and 2015, respectively	(488,573)	(445,021)
Accumulated other comprehensive loss	(46,824)	(24,205)
Retained earnings	710,910	632,192
Total shareholders' equity	1,511,332	1,415,149
Total liabilities and shareholders' equity	$ 2,631,876	$ 1,849,613

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts | $	$ 7,499	$ 5,315
Ordinary shares, authorized	125,000,000	125,000,000
Ordinary shares, issued	72,323,566	71,160,289
Ordinary shares, outstanding	59,988,783	59,526,506
Treasury shares	12,334,783	11,633,783

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2014
Revenues:
Products	$ 306,252	$ 317,900		$ 289,560
Services	709,290	608,967		582,435
Total revenues	1,015,542	926,867		871,995
Cost of revenues:
Products	53,032	66,363		63,919
Services	284,701	237,219		239,592
Total cost of revenues	337,733	303,582		303,511
Gross profit	677,809	623,285		568,484
Operating expenses:
Research and development, net	141,528	128,485		123,141
Selling and marketing	268,349	225,817		231,097
General and administrative	116,569	90,349		83,360
Amortization of acquired intangibles	17,187	12,528		19,157
Restructuring expenses				5,435
Total operating expenses	543,633	457,179		462,190
Operating income	134,176	166,106		106,294
Financial income and other, net	10,305	5,304		3,765
Income before taxes on income	144,481	171,410		110,059
Taxes on income	21,412	30,832		9,909
Net income from continuing operations	123,069	140,578		100,150
Discontinued operations:
Gain on disposal and income (loss) from operations	(8,235)	152,459	[1]	4,965
Taxes on income (tax benefit)	(2,086)	34,206		2,040
Net income (loss) on discontinued operations	(6,149)	118,253	[1]	2,925
Net income	$ 116,920	$ 258,831		$ 103,075
Basic earnings per share from continuing operations	$ 2.06	$ 2.36		$ 1.69
Basic earnings per share from discontinued operations	(0.10)	1.99		0.05
Basic earnings per share	1.96	4.35		1.74
Diluted earnings per share from continuing operations	2.02	2.29		1.64
Diluted earnings per share from discontinued operations	(0.10)	1.93		0.05
Diluted earnings per share	$ 1.92	$ 4.22		$ 1.69
Weighted average number of shares used in computing:
Basic earnings per share	59,667	59,552		59,362
Diluted earnings per share	61,035	61,281		60,895
[1]	Represent the results of the discontinued operations until their disposal.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 116,920	$ 258,831	$ 103,075
Other comprehensive income (loss), net of tax:
Change in foreign currency translation adjustment	(24,801)	(14,602)	(17,972)
Available- for- sale investments:
Change in net unrealized gains (losses)	5,102	(2,081)	259
Less - reclassification adjustment for net gains realized and included in net income	(3,388)	(32)	(16)
Net change (net of tax effect of $113, ($338) and $117)	1,714	(2,113)	243
Cash flow hedges:
Change in unrealized gains	600	(954)	(6,770)
Less - reclassification adjustment for net gains realized and included in net income	(132)	4,010	1,552
Net change	468	3,056	(5,218)
Total other comprehensive loss	(22,619)	(13,659)	(22,947)
Comprehensive income	$ 94,301	$ 245,172	$ 80,128

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Tax effect	$ 113	$ (338)	$ 117

STATEMENTS OF CHANGES IN SHAREH

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Share capital [Member]	Additional paid-in capital [Member]	Treasury shares [Member]	Accumulated other comprehensive income (loss) [Member]	Retained earnings [Member]	Total
Balance at Dec. 31, 2013	$ 17,212	$ 1,112,367	$ (283,851)	$ 12,401	$ 346,667	$ 1,204,796
Issuance of shares of ESPP	3	433				436
Exercise of share options	400	27,605				28,005
Stock-based compensation		29,814				29,814
Excess tax benefit from share-based payment arrangements		1,205				1,205
Treasury shares purchased			(92,786)			(92,786)
Other comprehensive loss				(22,947)		(22,947)
Dividends paid ($ 0.64 per share)					(38,142)	(38,142)
Net income					103,075	103,075
Balance at Dec. 31, 2014	17,615	1,171,424	(376,637)	(10,546)	411,600	1,213,456
Exercise of share options	362	26,736				27,098
Stock-based compensation		28,451				28,451
Excess tax benefit from share-based payment arrangements		7,595				7,595
Treasury shares purchased			(68,384)			(68,384)
Other comprehensive loss				(13,659)		(13,659)
Dividends paid ($ 0.64 per share)					(38,239)	(38,239)
Net income					258,831	258,831
Balance at Dec. 31, 2015	17,977	1,234,206	(445,021)	(24,205)	632,192	1,415,149
Exercise of share options	303	23,321				23,624
Equity awards assumed for acquisitions		11,675				11,675
Stock-based compensation		40,547				40,547
Excess tax benefit from share-based payment arrangements		7,868				7,868
Issuance of treasury shares under stock purchase plans, upon exercise of options and vesting of restricted stock units (2,290 ordinary shares)		(78)	78
Treasury shares purchased			(43,630)			(43,630)
Other comprehensive loss				(22,619)		(22,619)
Dividends paid ($ 0.64 per share)					(38,202)	(38,202)
Net income					116,920	116,920
Balance at Dec. 31, 2016	$ 18,280	$ 1,317,539	$ (488,573)	$ (46,824)	$ 710,910	$ 1,511,332

STATEMENTS OF CHANGES IN SHARE8

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Stockholders' Equity [Abstract]
Dividend paid, per share	$ 0.64	$ 0.64	$ 0.64
Restricted stock units vested	2,290

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 116,920	$ 258,831		$ 103,075
Adjustments required to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	77,801	57,964		73,349
Stock-based compensation	40,547	28,451		29,814
Equity in losses of affiliated company		537		565
Revaluation of earn out liability				(4,002)
Excess tax benefit from share-based payment arrangements	(7,868)	(7,595)		(1,205)
Accrued severance pay, net	3	104		(207)
Amortization of premium and discount and accrued interest on marketable securities	2,441	2,799		2,071
Deferred taxes, net	(25,905)	10,576		(27,785)
Changes in operating assets and liabilities:
Trade receivables, net	(31,784)	(56,363)		4,807
Prepaid expenses and other current assets	4,933	(1,482)		1,956
Trade payables	4,392	2,166		(13,781)
Accrued expenses and other liabilities	15,179	38,488		13,285
Deferred revenues	9,379	54,914		3,424
Long term liabilities	7,529	2,453		(2,966)
Loss (gain) on disposal of discontinued operations	9,148	(147,334)	[1]
Realized gain on marketable securities	(3,388)	(32)		(16)
Other	1,017	256		(115)
Net cash provided by operating activities	220,344	244,733		182,269
Cash flows from investing activities:
Purchase of property and equipment	(27,278)	(16,596)		(16,722)
Purchase of investments	(47,221)	(287,593)		(143,688)
Proceeds from investments	449,880	92,542		153,141
Payments for business acquisitions, net of cash acquired	(1,156,249)
Investments in affiliates and other purchases	(1,500)	(1,500)		(748)
Capitalization of software development costs	(8,502)	(1,380)		(908)
Proceeds (repayment) from sale of discontinued operations	(9,148)	186,134
Net cash used in investing activities	(800,018)	(28,393)		(8,925)
Cash flows from financing activities:
Proceeds from issuance of shares upon exercise of options and ESPP	23,525	27,532		29,526
Purchase of treasury shares	(43,630)	(68,384)		(94,267)
Dividends paid	(38,202)	(38,239)		(38,142)
Capital lease payments	(1,087)
Proceeds from issuance of debt, net of costs	464,841
Excess tax benefit from share-based payment arrangements	7,868	7,595		1,205
Earn out payments related to acquisitions		(297)		(158)
Net cash provided by (used in) financing activities	413,315	(71,793)		(101,836)
Effect of exchange rate changes on cash	(2,546)	(6,113)		(3,556)
Net change in cash and cash equivalents	(168,905)	138,434		67,952
Cash and cash equivalents at the beginning of the year	325,931	187,497		119,545
Cash and cash equivalents at the end of the year	157,026	325,931		187,497
Supplemental disclosure of cash flows activities:
Income taxes	26,837	53,646		32,854
Interest	2,425	107		116
Non-cash activities:
Net change in accrued liability with respect to treasury shares				(1,481)
Net change in other receivables with respect to exercise of share options	$ (99)	$ 434		$ 1,085
[1]	Represent the results of the discontinued operations until their disposal.

GENERAL

GENERAL	12 Months Ended
	Dec. 31, 2016
GENERAL [Abstract]
GENERAL	NOTE 1:- GENERAL a. General: NICE Ltd. and its subsidiaries (the "Company") is a leading global software provider in omnichannel analytics and cloud solutions for the Customer Engagement and Financial Crime & Compliance markets . The Company’s mission is to empower organizations to make smart business decisions through deep human understanding . The Company provides software solutions that help organizations understand their customers and employees and predict their intentions and their needs to create exceptional customer experiences, understand their workforce to drive greater efficiency and identify suspicious behavior to prevent financial crime and non-compliant activities. The Company does this by providing customer engagement platforms, capturing interactions and transactions across multiple channels and sources and applying analytics to this data to provide real-time insight and uncover intent. The Company helps its customers improve their service and security by applying machine learning to cross-industry data and offering customers collective insights. The Company’s solutions allow organizations to operationalize this insight and embed it within their workflows and daily business processes. b. Acquisitions: 1) Acquisition of inContact: On November 14, 2016, the Company completed the acquisition of all of the outstanding shares of inContact, Inc. ("inContact"), a leading provider of cloud contact center software and agent optimization tools, for a total consideration of $1,050,054. The acquisition will enable the Company to offer a fully integrated and complete cloud contact center where companies can interact with customers. The acquisition purpose is to provide the industry a fully integrated and complete cloud contact center solution suite. Upon acquisition, inContact became a wholly-owned subsidiary of the Company. The acquisition was accounted for as a business combination. This method requires, among other things, that assets acquired and liabilities assumed in the business combination be recognized at their fair values as of the acquisition date. The following table summarizes the components of the purchase consideration transferred: Cash (*) 1,039,028 Assumed options and restricted shares (**) 11,026 Total purchase consideration 1,050,054 (*) Includes cash consideration for the redemption of inContact’s convertible bonds in an amount of $139,438 and for inContact's outstanding vested options and restricted shares as of acquisition date which were cancelled and converted into an amount of $25,366 in cash. (**) Pursuant to the merger agreement, all outstanding unvested inContact RSUs, options and restricted shares were cancelled and replaced with RSUs with ADSs to be received upon settlement, options to acquire ADSs and restricted ADSs, respectively with the same terms and conditions. Of the total estimated fair value of the replacement award, a portion was allocated to the purchase consideration and the remainder was allocated to future services and will be expensed over the remaining service period on an accelerated basis as a share-based compensation. The fair value of replacement award was determined using a Black-Scholes-Merton valuation model with thefollowing assumptions: expected life of 12-74 58%-1.22 50.94%-62.31 The following table summarizes the fair values of the assets acquired and liabilities assumed: Cash $ 37,136 Short term investments 26,714 Trade receivables 40,667 Other receivables and prepaid expenses 10,235 Property and equipment 28,554 Identified intangibles 538,000 Goodwill 559,372 Total assets acquired 1,240,678 Trade payables (16,337 ) Accrued expenses and other liabilities (22,802 ) Deferred revenue (3,967 ) Deferred tax liabilities, net (147,518 ) Total liabilities assumed (190,624 ) Net assets acquired $ 1,050,054 The following table presents details of the identified intangible assets acquired as of the date of the acquisition: Fair value Estimated useful life (in years) Trademarks $ 36,400 2-8 Technology 353,700 4-8 Customer relationships 147,900 5-7 Total $ 538,000 Goodwill generated from this business combination is primarily attributable to synergies between the Company's and inContact's respective products and services. The goodwill is not deductible for income tax purposes . inContact Inc. constituted approximately 4 .2 attributed to the period ( intangible assets) for the year then ended,. The following table presents the unaudited pro forma financial information for the years ended December 31, 2016 and 2015, as if the acquisition occurred on January 1, 2015 : Year ended December 31 2016 2015 Revenue $ 1,237,329 $ 1,142,018 Net income $ 31,195 $ 139,123 The unaudited pro forma financial information for the years ended December 31, 2016 and 2015 has been calculated after adjusting the Company’s results and those of inContact to reflect the business combination accounting effects resulting from this acquisition as if the acquisition occurred as of January 1, 2015, including: (i) acquisition related transaction costs; (ii) amortization expense from acquired intangible assets; (iii) post acquisition share-based compensation expense; (iv) debt financing costs incurred for the issuance of a loan received as part of the acquisition financing; and (v) the associated tax effect of these unaudited pro forma adjustments. The pro forma financial information is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of 2015 . The fair value of assets acquired and liabilities assumed from the acquisition of inContact was based on a preliminary valuation and the Company's estimates and assumptions are subject to changes within the measurement period. In accordance with ASU 2015-16, measurement period adjustments determined to be material will be recognized in the period in which the Company determines the amounts, including the effect on earnings of any amounts it would have recorded in previous periods if the accounting had been completed at the acquisition date. 2) Acquisition of Nexidia: On March 22, 2016, the Company completed the acquisition of Nexidia Inc. ("Nexidia"), a provider of advanced customer analytics. The Company acquired Nexidia for a total consideration of $135,150. The acquisition of Nexidia will allow the Company to offer a combined offering, featuring analytics capabilities with accuracy, scalability and performance, enabling organizations to expand their analytics usage in critical business use cases. Upon acquisition, Nexidia became a wholly-owned subsidiary of the Company. The acquisition was accounted for as a business combination. This method requires, among other things, that assets acquired and liabilities assumed in the business combination be recognized at their fair values as of the acquisition date. The following table summarizes the components of the purchase consideration transferred: Cash $ 134,501 Assumed options 649 Total Purchase consideration $ 135,150 The following table summarizes the fair values of the assets acquired and liabilities assumed: Cash (net of loan payoff amount) $ 1,879 Trade receivables 8,300 Other receivables and prepaid expenses 4,892 Property and equipment 2,774 Identified intangibles 63,400 Goodwill 75,647 Total assets acquired 156,892 Trade payables (1,556 ) Accrued expenses and other liabilities (6,371 ) Deferred revenue (9,341 ) Deferred tax liabilities, net (4,474 ) Total liabilities assumed (21,742 ) Net assets acquired $ 135,150 The following table presents details of the identified intangible assets acquired as of the date of the acquisition: Fair value Estimated useful lives (in years) Trademarks $ 7,500 12 Technology 17,400 5 Customer backlog 10,900 1 Customer relationships 27,600 6 Total intangible assets $ 63,400 Goodwill generated from this business combination is primarily attributable to synergies between the Company's and Nexidia's respective products and services. The goodwill is not deductible for income tax purposes . The results of Nexidia operations have been included in the consolidated statements of income since March 22, 2016. Pro forma results of operations related to this acquisition have not been prepared because they are not material to the Company's consolidated statements of income. 3) Acquisition of VPI: On March 11, 2016, the Company completed the acquisition of Voiceprint International, Inc. ("VPI"), a provider of workforce optimization software and services for enterprises, contact centers, first responders and trading floors. The Company acquired VPI for total consideration of $21,720 in cash. Upon acquisition, VPI became a wholly-owned subsidiary of the Company. The acquisition was accounted for as a business combination. This method requires, among other things, that assets acquired and liabilities assumed in a business combination be recognized at their fair values as of the acquisition date. The Company recorded customer relationships and goodwill in amount of $8,500 and $16,873, respectively. The estimated useful life of the customer relationships is 6 years. Goodwill generated from this business combination is attributed to synergies between the Company's and VPI's respective products and services. The goodwill is not deductible for income tax purposes. The results of VPI operations have been included in the consolidated financial statements since March 11, 2016. Pro forma results of operations related to this acquisition have not been prepared because they are not material to the Company`s consolidated statement of income. 4) Acquisitions related costs: During 2016 acquisition related costs amounted to $9,348 and were included in general and administrative expenses. During 2015 and 2014, the Company did not record any acquisition related costs. c. Discontinued operations During 2015, the Company divested its Physical Security as well as its Cyber and Intelligence operations, which were a major part of the Security Solutions segment, to allow it to focus on its core markets as part of the execution of its long-term strategy. In July 2015 the Company The Cyber and Intelligence operation offers solutions which provide law enforcement agencies, intelligence organizations and signal intelligence agencies with tools for generating intelligence from communications. The sale resulted in a capital gain of $101,847, which was presented as part of the net income on discontinued operations in the consolidated statements of income for the year ended December 31, 2015. On September 18, 2015, the Company completed the sale of the Physical Security operation to Battery Ventures for a total consideration of $92,475, comprised of $74,551 in cash, note receivable of $2,924 and up to $15,000 earn out based on future business performance. The Physical Security operation provides video surveillance technologies and capabilities to security-aware organizations. The sale resulted in a gain of $45,487, which was presented as part of the net income on discontinued operations in the consolidated statements of income for the year ended December 31, 2015. The carrying amount used in determining the gain on disposal of the operations included goodwill in the amount of $35,554. The amount of goodwill that was included in that carrying amount was based on the relative fair values of the disposed operations and the portion of the operation that was retained within the segment. Following the divestiture of one of the discontinued operations, the buyer made certain demands and allegations, claiming indemnification pursuant to the sale agreement with the Company. The Company denied all demands and allegations made by the buyer. Following the sale, Physical Security's and Intelligence's results of operations and statement of financial position balances are disclosed as a discontinued operation, including the resulting gain from sales. All prior periods’ comparable results of operation, assets and liabilities have been retroactively included in discontinued operations. The results of the discontinued operations including prior periods' comparable results, assets and liabilities which have been retroactively included in discontinued operations as separate line items in the statements of income and balance sheets are presented below: Year ended December 31, 2016 (*) 2015 2014 Revenue $ - $ 68,672 $ 139,644 Cost of sales - 26,956 72,073 Operating expenses 850 36,307 62,041 Operating income (Loss) (850 ) 5,409 5,530 Other income (expenses), net 1,763 (284 ) (565 ) Gain (loss) on disposal of the discontinued operations (9,148 ) 147,334 - Income (loss) before taxes on income (8,235 ) 152,459 4,965 Taxes on income (tax benefit) (2,086 ) 34,206 2,040 Net income (loss) on discontinued operations $ (6,149 ) $ 118,253 $ 2,925 (*) Represent the results of the discontinued operations until their disposal. Depreciation expense totaled $0, $ 724 and Amortization expense totaled $0, $4,362 and $1,804 for the years 2016, 2015 and 2014, respectively. The major classes of assets and liabilities that were classified as discontinued operations were: Year ended December 31, 2016 2015 Trade receivables - 5,224 Prepaid expenses and other current assets 3,734 3,893 Other classes of assets - 25 Total assets of discontinued operations 3,734 9,142 Accrued expenses and other liabilities 3,077 12,698 Other classes of liabilities - 2,455 Total liabilities of discontinued operations 3,077 15,153

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements were prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). a. Use of estimates: The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. b. Financial statements in United States dollars: The currency of the primary economic environment in which the operations of NICE and certain subsidiaries are conducted is the U.S. dollar ("dollar"); thus, the dollar is the functional currency of NICE and certain subsidiaries. NICE and certain subsidiaries' transactions and balances denominated in dollars are presented at their original amounts. Non-dollar transactions and balances have been remeasured to dollars in accordance with ASC 830, "Foreign Currency Matters". All transaction gains and losses from remeasurement of monetary balance sheet items denominated in non-dollar currencies are reflected in the statements of income as financial income or expenses, as appropriate. For those subsidiaries whose functional currency has been determined to be a non-dollar currency, assets and liabilities are translated at year-end exchange rates and statement of income items are translated at average exchange rates prevailing during the year. Such translation adjustments are recorded as a separate component of accumulated other comprehensive income (loss) in shareholders' equity. c. Principles of consolidation: Intercompany transactions and balances have been eliminated upon consolidation. d. Cash equivalents: Cash equivalents are short-term unrestricted highly liquid investments that are readily convertible into cash, with original maturities of three months or less at acquisition. e. Marketable securities: The Company accounts for investments in debt securities in accordance with ASC 320, "Investments - Debt and Equity Securities". Management determines the appropriate classification of its investments in debt securities at the time of purchase and re-evaluates such determinations at each balance sheet date. Marketable securities classified as "available-for-sale" are carried at fair value, based on quoted market prices. Unrealized gains and losses are reported in a separate component of shareholders' equity in accumulated other comprehensive income (loss). Gains and losses are recognized when realized, on a specific identification basis, in the Company's consolidated statements of income. The Company's securities are reviewed for impairment in accordance with ASC 320-10-35. If such assets are considered to be impaired, the impairment charge is recognized in earnings when a decline in the fair value of its investments below the cost basis is judged to be other-than-temporary. Factors considered in making such a determination include the duration and severity of the impairment, the reason for the decline in value, the potential recovery period and the Company's intent to sell, including whether it is more likely than not that the Company will be required to sell the investment before recovery of cost basis. For securities with an unrealized loss that the Company intends to sell, or it is more likely than not that the Company will be required to sell before recovery of their amortized cost basis, the entire difference between amortized cost and fair value is recognized in earnings. For securities that do not meet these criteria, the amount of impairment recognized in earnings is limited to the amount related to credit losses, while declines in fair value related to other factors are recognized in accumulated other comprehensive income (loss). f. Property and equipment, net: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, at the following annual rates: % Computers and peripheral equipment 20-33 Office furniture and equipment 7 - 20 Internal use software 33 Leasehold improvements are amortized by the straight-line method over the term of the lease or the estimated useful life of the improvements, whichever is shorter. g. Internal use software costs: The Company capitalizes costs related to its cloud computing services for internal-use incurred during the application development stage. Costs incurred in the process of software production are charged to expenses as incurred. Certain software development costs are capitalized under ASC350-40, Internal-Use Software and are included in property and equipment, net in the consolidated balance sheets. Capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose. h. Other intangible assets, net: Intangible assets are amortized over their estimated useful lives using the straight-line method, at the following weighted average % Core technology 13 Customer relationships and distribution network 16 Trademarks 12 Customer backlog 100 i. Impairment of long-lived assets: The Company's long-lived assets and identifiable intangibles that are subject to amortization are reviewed for impairment in accordance with ASC 360, "Property, Plant, and Equipment", whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment indicators include any significant changes in the manner of the Company's use of the assets and significant negative industry or economic trends. Upon determination that the carrying value of a long-lived asset may not be recoverable based upon a comparison of aggregate undiscounted projected future cash flows to the carrying amount of the asset, an impairment charge is recorded for the excess of the carrying amount over fair value. In 2016, 2015 and 2014, no impairment charge was recognized. j. Goodwill: Goodwill represents the excess of the purchase price in a business combination over the fair value of the net tangible and intangible assets acquired. Under ASC 350, "Intangible - Goodwill and Other," ("ASC 350") goodwill is not amortized, but rather is subject to an annual impairment test. ASC 350 requires goodwill to be tested for impairment at the reporting unit level at least annually or between annual tests in certain circumstances, and written down when impaired. Goodwill is tested for impairment by comparing the fair value of the reporting unit with its carrying value. ASC 350 allows an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. If the qualitative assessment does not result in a more likely than not indication of impairment, no further impairment testing is required. If it does result in a more likely than not indication of impairment, the two-step impairment test is performed. Alternatively, ASC 350 permits an entity to bypass the qualitative assessment for any reporting unit and proceed directly to performing the first step of the goodwill impairment test. During the fourth quarter of each of the years presented the Company performed a qualitative assessment for its reporting units and concluded that the qualitative assessment did not result in a more likely than not indication of impairment, and therefore no further impairment testing was required. Accordingly, during the years 2016, 2015 and 2014, no impairment charge was recognized. k. Revenue recognition: The Company generates revenues from sales of software products and services, which include SaaS and network connectivity, hosting, support and maintenance, implementation, configuration, project management, consulting, training, as well as hardware sales. The Company sells its products directly through its sales force and indirectly through a global network of distributors, system integrators and strategic partners, all of whom are considered end-users. The basis for the Company's software revenue recognition is substantially governed by the accounting guidance contained in ASC 985-605, "Software-Revenue Recognition". Revenues from sales of software products are recognized when persuasive evidence of an agreement exists, delivery of the product has occurred, the fee is fixed or determinable and collectability is probable. In transactions where a customer's contractual terms include a provision for customer acceptance, revenues are recognized either when such acceptance has been obtained or as the acceptance provision has lapsed. For multiple element arrangements within the scope of software revenue recognition guidance, revenues are allocated to the different elements in the arrangement under the "residual method" when Vendor Specific Objective Evidence ("VSOE") of fair value exists for all undelivered elements and no VSOE exists for the delivered elements. Under the residual method, the Company defers revenue for the fair value of its undelivered elements and recognizes revenue for the remainder of the arrangement fee attributable to the elements initially delivered in the arrangement when the basic criteria in ASC 985-605 have been met. Any discount in the arrangement is allocated to the delivered element. Revenues from maintenance and professional services are recognized ratably over the contractual period and as services are performed, respectively. For arrangements that contain both software and non-software components that function together to deliver the products' essential functionality, the Company allocates revenue to each element based on its relative selling price. In such circumstances, the accounting principles establish a hierarchy to determine the selling price to be used for allocating revenue to deliverables. The selling price for a deliverable is based on its VSOE, if available, third party evidence ("TPE"), if VSOE is not available, or best estimated selling price ("BESP"), if neither VSOE nor TPE are available. The Company establishes VSOE of fair value using the price charged for a deliverable when sold separately . When VSOE cannot be established, the Company attempts to establish fair value of each element based on TPE. TPE is determined based on competitor prices for similar deliverables when sold separately. Generally, the Company's go-to-market strategy differs from that of its peers and the Company's offerings contain a significant level of differentiation such that the comparable pricing of products with similar functionality cannot be obtained. Furthermore, the Company is unable to reliably determine what similar competitor products' selling prices are on a standalone basis. Therefore, the Company is typically not able to determine TPE. The BESP price is established considering several external and internal factors including, but not limited to, historical sales, pricing practices and geographies in which the Company offers its products. The determination of the BESP is subject to discretion. The Company's policy for establishing VSOE of fair value of maintenance services is based on the price charged when the maintenance is renewed separately. Establishment of VSOE of fair value of professional services is based on the price charged when these services are sold separately. Revenues from fixed price contracts that require significant customization, integration and installation are recognized based on ASC 605-35, "Construction-Type and Production-Type Contracts", using the percentage-of-completion method of accounting based on the ratio of costs related to contract performance incurred to date to the total estimated amount of such costs. The amount of revenue recognized is based on the total fees under the arrangement and the percentage of completion achieved. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are first determined, in the amount of the estimated loss on the entire contact. The Company's SaaS offerings provide customers access to certain of its software within a cloud-based IT environment on a subscription basis , and may also include s Revenues for SaaS offerings are recognized ratably over the contract term or based on actual usage, commencing with the date the service is made available to customers and all other revenue recognition criteria have been satisfied. Revenue from the network connectivity usage is derived based on customer specific rate plans and call usage and is recognized in the period the call is initiated. Upfront fees related to professional services that are not considered to have standalone value are deferred and recognized over the estimated life of the customer. To assess the probability of collection for revenue recognition, the Company has a credit policy that determines the credit limit that reflects an amount that is deemed probably collectible for each customer. These credit limits are reviewed and revised periodically on the basis of new customer financial statements information, credit insurance data and payment performance. The Company maintains a provision for product returns which is estimated based on the Company's past experience and is deducted from revenues. Deferred revenues and advances from customers include payments received from customers, for which revenue has not yet been recognized. l. Research and development costs: Research and development costs (net of grants) incurred in the process of software production are charged to expenses as incurred. m. Income taxes: The Company accounts for income taxes in accordance with ASC 740, "Income Taxes". This topic prescribes the use of the liability method whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to the amount that is more likely than not to be realized. The Company implements a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% (cumulative basis) likely to be realized upon ultimate settlement. The Company classifies interest and penalties on income taxes (which includes uncertain tax positions) as taxes on income. The deferred tax assets and liabilities are classified to non-current assets and liabilities, respectively. n. Non-royalty grants: Non-royalty bearing grants from the Government of Israel and the European Union for funding research and development projects are recognized at the time the Company is entitled to such grants on the basis of the related costs incurred and recorded as a deduction from research and development expenses. o. Concentrations of credit risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, trade receivables, marketable securities and foreign currency derivative contracts. The Company's cash and cash equivalents are invested in deposits mainly in dollars with major international banks. Deposits in the U.S. may be in excess of insured limits and are not insured in other jurisdictions. Generally, these deposits may be redeemed upon demand and therefore bear minimal risk. The Company's trade receivables are derived from sales to customers located primarily in North America, EMEA and APAC. The Company performs ongoing credit evaluations of its customers and insures certain of its receivables with a credit insurance company. A general allowance for doubtful accounts is provided, based on the length of time the receivables are past due. The Company's marketable securities include investment in corporate debentures and U.S. Treasuries. The Company's investment policy limits the amount that the Company may invest in any one type of investment or issuer, thereby reducing credit risk concentrations. The Company entered into forward contracts, and option contracts intended to protect cash flows resulting from payroll and facilities related expenses against the volatility in value of forecasted non-dollar currency. The derivative instruments hedge a portion of the Company's non-dollar currency exposure. See Note 10. p. Severance pay: The Company's liability for severance pay for its Israeli employees is calculated pursuant to Israel's Severance Pay Law based on the most recent monthly salary of the employees multiplied by the number of years of employment as of the balance sheet date. Employees are entitled to one month's salary for each year of employment, or a portion thereof. The Company's liability is fully provided by monthly deposits with insurance policies and severance pay funds and by an accrual. The deposited funds include profits (losses) accumulated up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to Israel's Severance Pay Law or labor agreements. The value of the deposited funds is based on the cash surrendered value of these policies. The Company's agreements with employees in Israel, who joined the Company since May 1, 2009, are in accordance with Section 14 of the Severance Pay Law, 1963, whereas, the Company's contributions for severance pay shall be instead of its severance liability. Upon contribution of the full amount of the employee's monthly salary, and release of the policy to the employee, no additional calculations shall be conducted between the parties regarding the matter of severance pay and no additional payments shall be made by the Company to the employee. Further, the related obligation and amounts deposited on behalf of such obligation are not stated on the balance sheet, as they are legally released from obligation to employees once the deposit amounts have been paid. The Company also has other liabilities for severance pay in other jurisdictions. Severance pay expense for 2016, 2015 and 2014 amounted to $9,970, $8,936 and $11,229, respectively. The Company has a 401(K) defined contribution plan covering certain employees in the U.S. All eligible employees may elect to contribute up to 6%-8% of their eligible compensation, but generally not greater than annual payment of $18 in 2016 and 2015, and $17.5 in 2014 (for certain employees over 50 years of age the maximum annual contribution is $24 per year in 2016 and 2015, and $23 in 2014) of their total annual compensation to the plan through salary deferrals, subject to IRS limits. q. Basic and diluted net earnings per share: Basic net earnings per share are computed based on the weighted average number of ordinary shares outstanding during each year. Diluted net earnings per share are computed based on the weighted average number of ordinary shares outstanding during each year plus dilutive potential equivalent ordinary shares considered outstanding during the year, in accordance with ASC 260, "Earnings per Share". The weighted average number of shares related to outstanding anti-dilutive options excluded from the calculations of diluted net earnings per share was 398,544, 561,621 and 743,100 for the years 2016, 2015 and 2014, respectively. r. Accounting for stock-based compensation: The Company accounts for stock-based compensation in accordance with ASC 718, "Compensation - Stock Compensation" ("ASC 718"), which requires the measurement and recognition of compensation expense based on estimated fair values for all share-based payment awards made to employees and directors. ASC 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statement of income. The Company recognizes compensation expenses for the value of its awards, which have graded vesting, based on the accelerated attribution method over the requisite service period of each of the awards, net of estimated forfeitures. Estimated forfeitures are based on actual historical pre-vesting forfeitures. The Company estimates the fair value of stock options granted using the Black-Scholes-Merton option-pricing model, which requires a number of assumptions: the expected volatility is based upon actual historical stock price movements; the expected term of options granted is based upon historical experience and represents the period of time that options granted are expected to be outstanding; the risk-free interest rate is based on the yield from U.S. Federal Reserve zero-coupon bonds with an equivalent term; and the expected dividend rate (an annualized dividend yield) is based on the per share dividend declared by the Company's Board of Directors. For information on the Company's dividend payments, see Note 13e. The Company measures the fair value of restricted stock based on the market value of the underlying shares at the date of grant. s. Fair value of financial instruments: The Company applies ASC 820, "Fair Value Measurements and Disclosures" ("ASC 820"). Under this standard, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the inputs as follows: · Level 1 - Valuations based on quoted prices in active markets for identical assets that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment. · Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. · Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. The availability of observable inputs can vary from investment to investment and is affected by a wide variety of factors, including, for example, the type of investment, the liquidity of markets and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment and the investments are categorized as Level 3. The Company's marketable securities and foreign currency derivative contracts are classified within Level 2 (see Notes 3 and 10). The carrying amounts of cash and cash equivalents, short-term bank deposits, trade receivables and trade payables, approximate their fair value due to the immediate or short-term maturities of these financial instruments. The carrying amount of the long term loan approximates its fair value due to the fact the loan bears variable interest rate. t. Legal contingencies: The Company is currently involved in various claims and legal proceedings. The Company reviews the status of each matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. u. Advertising expenses: Advertising expenses are charged to expense as incurred. Advertising expenses for the years 2016, 2015 and 2014 were $9,693, $7,986 and $ 7,827, respectively. v. Treasury shares: The Company repurchases its ordinary shares from time to time on the open market or in other transactions and holds such shares as treasury shares. The Company presents the cost to repurchase treasury stock as a reduction of shareholders' equity. The Company reissues treasury shares under the stock purchase plan, upon exercise of options and upon vesting of restricted stock units. Reissuance of treasury shares is accounted for in accordance with ASC No. 505-30 whereby gains are credited to additional paid-in capital and losses are charged to additional paid-in capital to the extent that previous net gains are included therein; otherwise to retained earnings. w. Business Combination: The Company applies the provisions of ASC 805, “Business Combination” and allocates the fair value of purchase consideration to the tangible assets acquired, liabilities assumed and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair values of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to future expected cash flows from customer relationships, acquired technology and acquired trademarks from a market participant perspective, useful lives and discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. x. Comprehensive income: The Company accounts for comprehensive income in accordance with ASC No. 220, "Comprehensive Income". Comprehensive income generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The Company determined that its items of other comprehensive income relate to gains and losses on hedging derivative instruments and unrealized gains and losses on available for sale marketable securities and changes in foreign currency translation adjustments. The following tables show the components of accumulated other comprehensive income, net of taxes, as of December 31, 2016 and 2015: Year ended December 31, 2016 Unrealized gains (losses) on marketable securities Unrealized gains (losses) on cash flow hedges Foreign currency translation adjustment Total Beginning balance $ ( 1,930 ) $ (569 ) $ (21,706 ) $ (24,205 ) Other comprehensive income (loss) before reclassifications 5,102 600 (24,801 ) (19,099 ) Amounts reclassified from accumulated other comprehensive income (3,388 ) (132 ) - (3,520 ) Net current-period other comprehensive income (loss) 1,714 468 (24,801 ) (22,619 ) Ending balance $ (216 ) $ (101 ) $ (46,508 ) $ (46,824 ) Year ended December 31, 2015 Unrealized gains (losses) on marketable securities Unrealized gains (losses) on cash flow hedges Foreign currency translation adjustment Total Beginning balance $ 183 $ (3,625 ) $ (7,104 ) $ (10,546 ) Other comprehensive income (loss) before reclassifications (2,081 ) (954 ) (14,602 ) (17,637 ) Amounts reclassified from accumulated other comprehensive income (32 ) 4,010 - 3,978 Net current-period other comprehensive income (loss) (2,113 ) 3,056 (14,602 ) (13,659 ) Ending balance $ ( 1,930 ) $ (569 ) $ (21,706 ) $ (24,205 ) y. Recently issued accounting standards: In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09) "Revenue from Contracts with Customers (Topic 606)". ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. As currently issued and amended, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, though early adoption is permitted for annual reporting periods beginning after December 15, 2016. In March 2016, the FASB issued “Revenue from Contracts with Customers (Topic 606) - Principal versus Agent Considerations (Reporting revenue gross versus net)” (ASU 2016-08), which clarifies gross versus net revenue reporting when another party is involved in the transaction. In April 2016, the FASB issued “Identifying Performance Obligations and Licensing” (ASU 2016-10) which amends the revenue guidance on identifying performance obligations and accounting for licenses of intellectual property. The new revenue standard may be applied using either of the following transition methods: (1) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (2) a modified retrospective approach with the cumulative effect of initially adopting the standard recognized at the date of adoption (which includes additional footnote disclosures). The guidance in ASU 2016-08 and 2016-10 is effective upon the adoption of ASU 2014-09. The Company will adopt the standard in the first quarter of 2018 and has not yet selected a transition method The Company is currently evaluating the effect that the updated standard will have on its consolidated financial statements and related disclosures. While the Company is continuing to assess all potential impacts of the new standard, the Company currently believes the impacts relate to arrangements that include term-based software licenses, allocation of transaction price to each performance obligation on a relative standalone selling price and capitalization of costs related to obtaining customer contracts. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”), which updates certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 will be effective for the Company in the first quarter of 2019. The Company is currently evaluating the effect that this guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases" ("ASU 2016-02"). The updated standard aims to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. This update is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods; early adoption is permitted and modified retrospective application is required. The Company is currently evaluating the impact of adopting ASU 2016-02 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships” (“ASU 2016-05”), which clarif

SHORT-TERM AND LONG-TERM INVEST

SHORT-TERM AND LONG-TERM INVESTMENTS	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
SHORT-TERM AND LONG-TERM INVESTMENTS	NOTE 3:- SHORT-TERM AND LONG-TERM INVESTMENTS Short-term and long-term investments include marketable securities in the amount of $129,013 and $462,298 as of December 31, 2016 and 2015, respectively and short-term bank deposits in the amounts of $0 and $40,146 as of December 31, 2016 and 2015, respectively. The following table summarizes amortized costs, gross unrealized gains and losses and estimated fair values of available-for-sale marketable securities as of December 31, 2016 and 2015: Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value December 31, December 31, December 31, December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Level 2: Corporate debentures $ 122,335 $ 452,556 $ 91 $ 267 $ 225 $ 2,338 $ 122,201 $ 450,485 U.S. Agencies - 4,999 - 3 2 - 5,000 U.S. Treasuries 7,008 7,010 - - 196 197 6,812 6,813 $ 129,343 $ 464,565 $ 91 $ 270 $ 421 $ 2,537 $ 129,013 $ 462,298 The scheduled maturities of available-for-sale marketable securities as of December 31, 2016 were as follows: Amortized Estimated cost fair value Due within one year 30,292 30,287 Due after one year through five years 99,051 98,726 129,343 129,013 Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values as of December 31, 2016 and 2015 were as indicated in the following tables: December 31, 2016 Investments with continuous unrealized losses for less than 12 months Investments with continuous unrealized losses for 12 months or greater Total Investments with continuous unrealized losses Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Corporate debentures $ 19,444 $ (137 ) $ 56,799 $ (88 ) $ 76,243 $ (225 ) U.S. treasuries - - 6,812 (196 ) 6,812 (196 ) $ 19,444 $ (137 ) $ 63,611 $ (284 ) $ 83,055 $ (421 ) December 31, 2015 Investments with continuous unrealized losses for less than 12 months Investments with continuous unrealized losses for 12 months or greater Total Investments with continuous unrealized losses Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Corporate debentures $ 242,545 $ (1,750 ) $ 113,581 $ (588 ) $ 356,126 $ (2,338 ) U.S. agencies 1,997 (3 ) - - 1,997 (3 ) U.S. treasuries - - 6,813 (196 ) 6,813 (196 ) $ 244,542 $ (1,753 ) $ 120,394 $ (784 ) $ 364,936 $ (2,537 )

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2016
Prepaid Expense and Other Assets [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	NOTE 4:- PREPAID EXPENSES AND OTHER CURRENT ASSETS December 31, 2016 2015 Government authorities $ 23,312 $ 21,821 Interest receivable 804 2,597 Prepaid expenses 24,863 11,157 Inventories 4,716 6,198 Other 4,271 1,788 $ 57,966 $ 43,561

OTHER LONG-TERM ASSETS

OTHER LONG-TERM ASSETS	12 Months Ended
	Dec. 31, 2016
Other Assets, Noncurrent Disclosure [Abstract]
OTHER LONG-TERM ASSETS	NOTE 5:- OTHER LONG-TERM ASSETS December 31, 2016 2015 Severance pay fund $ 14,701 $ 15,857 Long-term deposits 3,000 1,318 Investments in affiliate 1,000 - $ 18,701 $ 17,175

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment, Net [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 6:- PROPERTY AND EQUIPMENT, NET December 31, 2016 2015 Cost: Computers and peripheral equipment $ 181,738 $ 118,326 Internal use software 9,882 1,380 Office furniture and equipment 13,982 8,537 Leasehold improvements 48,573 29,106 254,175 157,349 Accumulated depreciation: Computers and peripheral equipment 139,066 95,056 Office furniture and equipment 7,847 6,372 Leasehold improvements 19,584 15,328 166,497 116,756 Depreciated cost $ 87,678 $ 40,593 Depreciation expense totaled $18,422, $15,575 and $17,688 for the years 2016, 2015 and 2014, respectively. The Company recorded a reduction of $10,941 and $9,615 to the cost and accumulated depreciation of fully depreciated equipment and leasehold improvements no longer in use for the years ended December 31, 2016 and 2015, respectively.

OTHER INTANGIBLE ASSETS, NET

OTHER INTANGIBLE ASSETS, NET	12 Months Ended
	Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
OTHER INTANGIBLE ASSETS, NET	NOTE 7:- OTHER INTANGIBLE ASSETS, NET a. Definite-lived other intangible assets: December 31, 2016 2015 Original amounts: Core technology $ 623,274 $ 263,883 Customer relationships and distribution network 372,438 182,768 Trademarks 55,745 12,252 1,051,457 458,903 Accumulated amortization: Core technology 238,898 216,586 Customer relationships and distribution network 181,123 161,863 Trademarks 12,701 12,252 432,722 390,701 Other intangible assets, net $ 618,735 $ 68,202 b. Amortization expense amounted to $58,968, $40,055 and $50,738 for the years ended December 31, 2016, 2015 and 2014, respectively. c. The Company recorded a reduction of $9,677 and 9,981 to the original amounts and accumulated amortization of fully amortized other intangible assets for the years ended December 31, 2016 and 2015, respectively. d. Estimated amortization expense: For the year ended December 31, 2017 114,377 2018 93,357 2019 90,687 2020 86,680 2021 and thereafter 233,634 $ 618,735

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	NOTE 8:- GOODWILL Following the Company’s acquisitions in 2016, as described in Note 1b, and the disposal of certain Security Solutions segment operations, as described in Note 1c, the changes in the carrying amount of goodwill allocated to reportable segments for the years ended December 31, 2016 and 2015 are as follows: Year ended December 31, 2016 Customer Engagement Financial Crime and Compliance Total As of January 1, 2016 $ 384,808 $ 266,304 $ 651,112 Acquisitions (*) 651,892 - 651,892 Functional currency translation adjustments (14,502 ) (3,792 ) (18,294 ) As of December 31, 2016 $ 1,022,198 $ 262,512 $ 1,284,710 (*) including a goodwill balance of $559,372 related to the acquisition of inContact. Year ended December 31, 2015 Customer Engagement Financial Crime and Compliance Total As of January 1, 2015 $ 392,228 $ 267,429 $ 659,657 Functional currency translation adjustments (7,420 ) (1,125 ) (8,545 ) As of December 31, 2015 $ 384,808 $ 266,304 $ 651,112

ACCRUED EXPENSES AND OTHER LIAB

ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER LIABILITIES	NOTE 9:- ACCRUED EXPENSES AND OTHER LIABILITIES December 31, 2016 2015 Employees and payroll accruals $ 118,599 $ 109,995 Accrued expenses 86,236 61,958 Government authorities 67,218 50,001 Other 1,081 1,301 $ 273,134 $ 223,255

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	12 Months Ended
	Dec. 31, 2016
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
DERIVATIVE INSTRUMENTS	NOTE 10:- DERIVATIVE INSTRUMENTS The Company's risk management strategy includes the use of derivative financial instruments to reduce the volatility of earnings and cash flows associated with changes in foreign currency exchange rates. ASC 815, "Derivatives and Hedging" ("ASC 815"), requires the Company to recognize all of its derivative instruments as either assets or liabilities on the balance sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of a net investment in a foreign operation. For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive income (loss) and reclassified into earnings in the line item associated with the hedged transaction in the period or periods during which the hedged transaction affects earnings. The remaining gain or loss on the derivative instrument in excess of the cumulative change in the present value of future cash flows of the hedged item representing the ineffective portion of the derivative, if any, is recognized in financial income (expense) in the period of change. The Company entered into option and forward contracts to hedge a portion of anticipated New Israeli Shekel ("NIS") and Indian Rupee (INR) payroll and benefit payments as well as facilities related payments. These derivative instruments are designated as cash flow hedges, as defined by ASC 815 and accordingly are measured in fair value. These transactions are effective and, as a result, gain or loss on the derivative instruments are reported as a component of accumulated other comprehensive income (loss) and reclassified as payroll expenses or finance expenses, respectively, at the time that the hedged income/expense is recorded. Notional amount Fair value December 31, December 31, 2016 2015 2016 2015 Level 2: Option contracts to hedge payroll expenses ILS $ 43,600 $ 110,000 $ 107 $ (566 ) Option contracts to hedge payroll expenses INR 12,000 - 4 - Option contracts to hedge facilities expenses ILS - 5,018 - 1 Forward contracts to hedge payroll expenses ILS 52,000 - (212 ) - Forward contracts to hedge facility expenses ILS 2,549 - 10 - $ 110,149 $ 115,018 $ (91 ) $ (565 ) The Company currently hedges its exposure to the variability in future cash flows for a maximum period of one year. As of December 31, 2016, the Company expects to reclassify all of its unrealized gains and losses from accumulated other comprehensive income to earnings during the next twelve months. The fair value of the Company's outstanding derivative instruments at December 31, 2016 and 2015 is summarized below: Fair value of derivative instruments December 31, Balance sheet line item 2016 2015 Derivative assets: Foreign exchange option contracts Other receivables and prepaid expenses $ 111 $ 1 Foreign exchange forward contracts Other receivables and prepaid expenses 10 - Derivative liabilities: Foreign exchange option contracts Accrued expenses and other liabilities $ - $ (566 ) Foreign exchange forward contracts Accrued expenses and other liabilities (212 ) - The effect of derivative instruments in cash flow hedging relationship on income and other comprehensive income for the years ended December 31, 2016, 2015 and 2014 is summarized below: Amount of gain (loss) recognized in OCI on derivative (effective portion) Year ended December 31, 2016 2015 2014 Derivatives in foreign exchange cash flow hedging relationships: Foreign exchange forward contracts $ 202 - - Foreign exchange option contracts $ (802 ) $ 954 $ 6,770 $ (600 ) $ 954 $ 6,770 Derivatives in foreign exchange cash flow hedging relationships: Statements Amount of gain (loss) reclassified from OCI into income (expenses) (effective portion) of income Year ended December 31, line item 2016 2015 2014 Option contracts Cost of revenues, operating expenses and discontinued operations $ (132 ) $ 4,010 $ 1,552 $ (132 ) $ 4,010 $ 1,552

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 11:- COMMITMENTS AND CONTINGENT LIABILITIES a. Lease commitments: The Company leases office space, office equipment and various motor vehicles under operating leases. 1. The Company's office space and office equipment are rented under several operating leases. Future minimum lease commitments under non-cancelable operating leases for the years ended December 31, were as follows: 2017 $ 22,340 2018 20,670 2019 18,167 2020 17,350 2021 14,612 2022 and thereafter 46,840 $ 139,979 Rent expenses for the years 2016, 2015 and 2014 were approximately $ 23,669, $15,880 and $ 18,594, respectively. On October 30, 2015, the Company entered into an agreement to rent new office space in Hoboken NJ, USA. Consequently, in , its 2. The Company leases its motor vehicles under cancelable operating lease agreements. The minimum payment under these operating leases, upon cancellation of these lease agreements was $ 654 as of December 31, 2016. Lease expenses for motor vehicles for the years 2016, 2015 and 2014 were $ 2,747, $ 5,103 and $ 3,774, respectively. b. Other commitments: The Company is obligated under certain agreements with its suppliers to purchase licenses and hosting services. These non-cancelable obligations as of December 31, 2016 and 2015 were $ 22,207 and $ 18,148, respectively. c. Legal proceedings : 1. Dispute under Sale Agreement: Following the divestiture of one of the Company business units, the buyer of such business unit made certain demands and allegations, claiming indemnification pursuant to the sale agreement between the Company and such buyer. The Company has denied all demands and allegations made by the buyer. The parties have reached and executed a settlement agreement on December 25, 2016 in accordance with the mechanism set in the sale agreement regarding such matters, which its outcome is recorded within discontinued operations. This dispute is no longer pending. 2. Disputes and litigations inherited following the acquisition of inContact: In May 2009, inContact was served in a lawsuit titled California College, Inc., et al., v. UCN, Inc., et al. In the lawsuit, California College alleges that (1) inContact made fraudulent and/or negligent misrepresentations in connection with the sale of its services with those of Insidesales.com, Inc., another defendant in the lawsuit, (2) inContact breached its service contract with California College and an alleged oral contract between the parties by failing to deliver contracted services and product and failing to abide by implied covenants of good faith and fair dealing, and (3) inContact’s conduct interfered with prospective economic business relations of California College with respect to enrolling students. California College filed an amended complaint that has been answered by Insidesales.com and inContact. California College originally sought damages in excess of $20.0 million. Insidesales.com and inContact filed cross- claims against one another, which they subsequently agreed to dismiss with prejudice. In October 2011, California College reached a settlement with Insidesales.com, the terms of which have not been disclosed and remain confidential. In June of 2013, California College amended its damages claim to $14.4 million, of which approximately $5.0 million was alleged to be pre- judgment interest. On September 10, 2013, the court issued an order on inContact's Motion for Partial Summary Judgment. The court determined that factual disputes exist as to several of the claims, but dismissed California College's cause of action for intentional interference with prospective economic relations and the claim for prejudgment interest. Dismissing the claim for prejudgment interest effectively reduced the claim for damages to approximately $9.2 million. At this stage we are unable to evaluate the probability of a favorable or unfavorable outcome in this litigation. 3. From time to time the Company or its subsidiaries may be involved in legal proceedings and/or litigation arising in the ordinary course of business. While the outcome of these matters cannot be predicted with certainty, the Company does not believe it will have a material effect on its consolidated financial position, results of operations, or cash flows.

TAXES ON INCOME

TAXES ON INCOME	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
TAXES ON INCOME	NOTE 12:- TAXES ON INCOME a. Israeli taxation: 1. Corporate tax: Commencing 2012, NICE and its Israeli subsidiary elected the Preferred Enterprise regime to apply under the Law for the Encouragement of Capital Investment (the “Investment Law”). The election is irrevocable. Under the Preferred Enterprise Regime, from 2014 through 2016, the Company's entire preferred income is subject to the tax rate of 16%. Subject to the Ministry of Finance’s promulgation of regulations for implementation of the new Preferred Technology Enterprise benefits regime, which was set for March 31, 2017 and has been delayed, we expect that we will qualify as a Preferred Technology Enterprise and accordingly be eligible for a tax rate of 12% on our preferred technology income, as to be defined in such regulations . Income not eligible for Preferred Enterprise benefits is taxed at the regular corporate tax rate, which was 25% in 2016 and 26.5% in 2015 and 2014. Under an Amendment to the Income Tax Ordinance enacted in December 2016 the regular corporate tax rate will be reduced to 24% in 2017 and 23% in 2018 and thereafter . Prior to 2012, most of the Company’s and its Israeli subsidiary's income was exempt from tax or subject to reduced tax rates under the Investment Law. Upon distribution of exempt income, the distributing company was subject to reduced corporate tax rates ordinarily applicable to such income under the Investment Law. Income subjected to a reduced tax rate under the Investment Law including the Preferred Enterprise Regime will be freely distributable as dividends, subject to a 15%-20% withholding tax (or lower, under an applicable tax treaty). However, upon the distribution of a dividend from Preferred Income to an Israeli company, no withholding tax will be imposed. Pursuant to a temporary tax relief initiated by the Israeli government, a company that elected by November 11, 2013 to pay a reduced corporate tax rate as set forth in the temporary tax relief with respect to undistributed exempt income generated under the Investment Law accumulated by the company until December 31, 2011 is entitled to distribute a dividend from such income without being required to pay additional corporate tax with respect to such dividend. A company that has so elected must make certain qualified investments in Israel over five-year period. A company that has elected to apply the temporary tax relief cannot withdraw from its election. The election did not require the actual distribution of these previously tax-exempted earnings. In September 2013, the Company made the election and duly released all of NICE and its Israeli subsidiary’s tax-exempted income through 2011 related to their various pre 2012 programs under the Investment Law. As a result of the election and the related settlement of a routine multi-year tax audit, the Company recorded an expense of $19,200 and paid an amount of approximately $32,000. The Company has also committed to make certain investments in "industrial projects" (as defined in the Law) no later than December 31, 2017. The Company believes that this commitment has already been fulfilled during 2013 as part of its existing investment plans. Further to the election, NICE no longer has a tax liability upon future distributions of its tax-exempted earnings, while the Israeli subsidiary may have a tax liability upon future distributions only with respect to its 2012 tax-exempted earnings. 2. Foreign Exchange Regulations: Under the Foreign Exchange Regulations, NICE and its Israeli subsidiary calculate their tax liability in U.S. Dollars according to certain orders. The tax liability, as calculated in U.S. Dollars is translated into New Israeli Shekels according to the exchange rate as of December 31st of each year. 3. Tax benefits under the Israeli Law for the Encouragement of Industry (Taxation), 1969: NICE and its Israeli subsidiary believe they currently qualify as an "Industrial Company" as defined by the above law and, as such, is entitled to certain tax benefits including accelerated depreciation, deduction of public offering expenses in three equal annual installments and amortization of cost of purchased know-how and patents for tax purposes over 8 years. b. Income taxes on non-Israeli subsidiaries: Non-Israeli subsidiaries are taxed according to the tax laws in their respective country of residence. The Company’s consolidated tax rate depends on the geographical mix of where its profits are earned. Primarily, in 2016, the Company’s U.S. subsidiaries are subject to federal and state income taxes of approximately 39% and its subsidiaries in the U.K. are subject to corporation tax at a rate of 20%. Neither Israeli income taxes, foreign withholding taxes nor deferred income taxes were provided in relation to undistributed earnings of the Company's foreign subsidiaries. This is because the Company has the intent and ability to reinvest these earnings indefinitely in the foreign subsidiaries and therefore those earnings are continually redeployed in those jurisdictions. As of December 31, 2016, the amount of undistributed earnings of non-Israeli subsidiaries, which is considered indefinitely reinvested, was $ 333,500 with a corresponding unrecognized deferred tax liability of $ 55,767. If these earnings were distributed to Israel in the form of dividends or otherwise, the Company would be subject to additional Israeli income taxes (subject to an adjustment for foreign tax credits) and foreign withholding taxes. c. Net operating loss carryforward: As of December 31, 2016, certain subsidiaries had tax loss carry-forwards totaling approximately $273,100 which can be carried forward and offset against taxable income with expiration dates ranging from 2017 and onwards. Approximately $66,200 of these carry-forward tax losses have no expiration date. The balance expires between 2017 and 2036. Utilization of U.S. net operating losses may be subject to substantial annual limitation due to the "change in ownership" provisions of the Internal Revenue Code of 1986 and similar state provisions. The annual limitation may result in the expiration of net operating losses increasing taxes before utilization. d. Deferred tax assets and liabilities: Deferred taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts recorded for tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows: December 31, 2016 2015 Deferred tax assets: Net operating losses carryforward and tax credits $ 86,490 $ 16,809 Share based payments 17,299 8,958 Research and development costs 4,246 3,562 Reserves, allowances and other 4,260 5,574 Deferred tax assets before valuation allowance 112,295 34,903 Valuation allowance (8,839 ) (7,347 ) Deferred tax assets 103,456 27,556 Deferred tax liabilities: Acquired intangibles (231,645 ) (28,164 ) Acquired deferred revenue (4,670 ) (302 ) Deferred tax liabilities (236,315 ) (28,466 ) Deferred tax liabilities, net $ (132,859 ) $ (910 ) December 31, 2016 2015 Deferred tax assets $ 14,093 $ 14,130 Deferred tax liabilities (146,952 ) (15,040 ) Deferred tax liabilities, net $ (132,859 ) $ (910 ) The Company has provided valuation allowances in respect of certain deferred tax assets resulting from tax loss carry forwards and other reserves and allowances due to uncertainty concerning their realization. e. A reconciliation of the Company's effective tax rate to the statutory tax rate in Israel is as follows: Year ended December 31, 2016 2015 2014 Income before taxes on income, as reported in the consolidated statements of income $ 144,481 $ 171,410 $ 110,059 Statutory tax rate in Israel 25.0 % 26.5 % 26.5 % Preferred Enterprise benefits *) (8.9 )% (6.1 )% (4.1 )% Changes in valuation allowance 1.0 % (0.4 )% (2.2 )% Earnings taxed under foreign law (7.7 )% (4.0 )% (4.8 )% Tax settlements and other adjustments 5.8 % 1.1 % (7.0 )% Other (0.4 )% 0.9 % 0.6 % Effective tax rate 14.8 % 18.0 % 9.0 % (*) The effect of the benefit resulting from the "Preferred Enterprise" status on net earnings per ordinary share is as follows: Year ended December 31, 2016 2015 2014 Basic $ 0.22 $ 0.18 $ 0.08 Diluted $ 0.21 $ 0.17 $ 0.07 f. Income before taxes on income is comprised as follows: Year ended December 31, 2016 2015 2014 Domestic $ 131,111 $ 122,952 $ 67,192 Foreign 13,370 48,458 42,867 $ 144,481 $ 171,410 $ 110,059 g. Taxes on income are comprised as follows: Year ended December 31, 2016 2015 2014 Current $ 47,318 $ 23,978 $ 37,694 Deferred (25,906 ) 6,854 (27,785 ) $ 21,412 $ 30,832 $ 9,909 Domestic $ 28,097 $ 24,812 $ 2,337 Foreign (6,685 ) 6,020 7,572 $ 21,412 $ 30,832 $ 9,909 Of which: Year ended December 31, 2016 2015 2014 Domestic taxes: Current $ 27,932 $ 14,860 $ 16,351 Deferred 165 9,952 (14,014 ) $ 28,097 $ 24,812 $ 2,337 Foreign taxes: Current $ 19,386 $ 9,118 $ 21,343 Deferred (26,071 ) (3,098 ) (13,771 ) $ (6,685 ) $ 6,020 $ 7,572 Taxes on income $ 21,412 $ 30,832 $ 9,909 h. Uncertain tax positions: A reconciliation of the beginning and ending balances of the total amounts of unrecognized tax benefits is as follows: December 31, 2016 2015 Uncertain tax positions, beginning of year $ 18,236 $ 18,561 Increases in tax positions for prior years 2,147 110 Increases in tax positions for current year 9,926 5,085 Settlements (1,331 ) (2,173 ) Expiry of the statute of limitations (2,319 ) (3,347 ) Uncertain tax positions, end of year $ 26,659 $ 18,236 All the Company's unrecognized tax benefits would, if recognized, reduce the Company's annual effective tax rate. The Company has decreased accrued interest of $206 related to uncertain tax positions as of December 31, 2016. During 2016, prior tax years in the US and the United Kingdom were closed by way of the expiration of the statute of limitations and settlements reached with those tax authorities through routine tax audits. The Company is currently in the process of routine Israeli income tax audits for the tax years 2013 through 2015. As of December 31, 2016, the Company or its subsidiaries are still subject to U.S. federal income tax audits for the tax years of 2013 through 2016 and to other income tax audits for the tax years of 2011 through 2016.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 13:- SHAREHOLDERS' EQUITY a. The ordinary shares of the Company are traded on the Tel-Aviv Stock Exchange and its American Depositary Shares, each representing one fully paid ordinary share, par value NIS 1.00 per share of the Company (the "ADS's") are traded on NASDAQ. b. Share option plans: 2016 Share Incentive Plan In February 2016, the Company adopted the 2016 Share Incentive Plan ("the 2016 Plan"), to provide incentives to employees, directors, consultants and/or contractors by rewarding performance and encouraging behavior that will improve our profitability. Under the 2016 Plan, the Company's employees, directors, consultants and/or contractors may be granted any equity-related award, including any type of an option to acquire our ordinary shares and/or share appreciation right and/or share and/or restricted share and/or restricted share unit and/or other share unit and/or other share-based award and/or other right or benefit under the Plan, including any such equity related award that is a performance based award (each an “Award”). Generally, under the terms of the 2016 Plan, 25% of the restricted share units and par value options granted become vested on each of the four consecutive annual anniversaries following the date of grant. Specifically with respect to options (other than options granted at an exercise price equal to their nominal value), unless determined otherwise by the Administrator, 25% of an Award granted becomes exercisable on the first anniversary of the date of grant and 6.25% becomes exercisable once every quarter during the subsequent three years. Certain executive officers are entitled to acceleration of vesting of awards in the event of a change of control, subject to certain conditions. Awards with a vesting period expire six years after the date of grant. Options that are performance-based shall expire seven years following the date of grant. The 2016 Plan provides that the number of shares that may be subject to Awards granted under the 2016 Plan shall be an amount per calendar year, equal to 3.5% of our issued and outstanding share capital as of December 31 of the preceding calendar year. Such amount is reset for each calendar year. Awards are non-transferable except by will or the laws of descent and distribution. Options would be granted at an exercise price equal to the average of the closing prices of one American Depositary Receipts or ADR, as quoted on the NASDAQ market, during the 30 consecutive calendar days preceding the date of grant, unless determined otherwise by the administrator of the 2016 Plan (including in some cases options granted with an exercise price equal to the nominal value of an ordinary share). Our Board of Directors also adopted an addendum to the 2016 Plan for Awards granted to grantees who are residents of Israel (the “Addendum”) and resolved to elect the “Capital Gains Route” (as defined in Section 102(b)(2) of the Tax Ordinance for the grant of Awards to Israeli grantees. The U.S. addendum of the 2015 Plan provides only for non-qualified stock options for purposes of U.S. tax laws. During 2016, we granted 1,144,953 options and restricted share units under the 2016 Plan (which constituted 1.58% of our issued and outstanding share capital as of December 31, 2016). 2008 Share Incentive Plan In June 2008, the Company adopted the 2008 Share Incentive Plan ("the 2008 Plan"), to provide incentives to employees, directors, consultants and/or contractors by rewarding performance and encouraging behavior that will improve the Company's profitability. Under the 2008 Plan, the Company's employees, directors, consultants and/or contractors may be granted any equity-related award, including any type of an option to acquire the Company's ordinary shares and/or share appreciation right and/or share and/or restricted share and/or restricted share unit and/or other share unit and/or other share-based award and/or other right or benefit under the 2008 Plan (each an "Award"). Generally, under the terms of the 2008 Plan, 25% of an Award granted becomes exercisable on the first anniversary of the date of grant and 6.25% becomes exercisable once every quarter during the subsequent three years. Specifically with respect to restricted share units and options granted with an exercise price equal to the nominal value of an ordinary share ("par value options"), unless determined otherwise by the Board of Directors, 25% of the restricted share units granted and par value options granted become vested on each of the four consecutive annual anniversaries following the date of grant. Awards with a vesting period expire six years after the date of grant. Pursuant to a resolution of the Company's Board of Directors dated February 4, 2014, options that are performance-based and are granted during calendar year 2014 and thereafter, shall expire seven years following the date of grant. The 2008 Plan provides that the maximum number of shares that may be subject to Awards granted under the 2008 Plan shall be an amount per calendar year, equal to 3.5% of the Company's issued and outstanding share capital as of December 31 of the preceding calendar year. Such amount is reset for each calendar year. In December 2010, the Company amended the 2008 Plan, such that options are granted at an exercise price equal to the average of the closing prices of one ordinary share, as quoted on the NASDAQ market, during the 30 consecutive calendar days preceding the date of grant, unless determined otherwise by the administrator of the 2008 Plan (including in some cases par value options). Prior to the amendment of the 2008 Plan that occurred in 2010, the options to acquire ordinary shares were granted at an exercise price of not less than the fair market value of the ordinary shares on the date of the grant, subject to certain exceptions which could be determined by the Company's Board of Directors, including in some cases par value options. Further, when the Company distributes cash dividends, the exercise price for each option outstanding, for certain employees, prior to the distribution is reduced by an amount equal to the gross amount of the dividend per share distributed, provided that the exercise price shall not be reduced below the nominal value of the ordinary shares of the Company. Pursuant to the terms of the acquisitions of Actimize Ltd., e-Glue Software Technologies Inc., Fizzback, Merced Causata, Nexidia and inContact, the Company assumed or replaced unvested options, Restricted Stock Awards ("RSAs") and Restricted Stock Units ("RSUs") and converted them or replaced them with NICE options, RSAs and RSUs, as applicable, based on an agreed exchange ratio. Each assumed or replaced option, RSA and RSU is subject to the same terms and conditions, including vesting, exercisability and expiration, as originally applied to any such option, RSA and RSU immediately prior to the acquisition. The fair value of the Company's stock options granted to employees and directors for the years ended December 31, 2016, 2015 and 2014 was estimated using the following assumptions: 2016 2015 2014 Expected volatility 22.13%-62.31% 23.02%-27.55% 27.47%-28.08% Weighted average volatility 32.67% 25.17% 27.72% Risk free interest rate 0.58%-2.04% 0.76%-1.18% 0.8%-1.2% Expected dividend 0%-1.00% 0%-1.29% 0%-1.61% Expected term (in years) 3.5 3.5 3.4 A summary of the Company's stock options activity and related information for the year ended December 31, 2016, is as follows: Number of options Weighted-average exercise price Weighted- average remaining contractual term (in years) Aggregate intrinsic value Outstanding at January 1, 2016 2,751,584 24.59 4.19 90,058 Granted 450,288 10.69 Assumed 265,223 38.96 Exercised (920,660 ) 25.59 Forfeited (229,780 ) 17.35 Cancelled (42,991 ) 24.42 Outstanding at December 31, 2016 2,273,664 23.61 4.46 102,652 Exercisable at December 31, 2016 745,147 28.10 3.17 30,295 The weighted-average grant-date fair value of options granted during the years 2016, 2015 and 2014 was $51.64, $32.58 and $19.69, respectively. The total intrinsic value of options exercised during the years 2016, 2015 and 2014 was $35,664, $40,519 and $35,028, respectively. The options outstanding under the Company's stock option plans as of December 31, 2016 have been separated into ranges of exercise price as follows: Weighted Options Weighted Options average outstanding average Weighted exercisable exercise as of remaining average as of price of Ranges of December 31, contractual exercise December 31, options exercise price 2016 term price 2016 exercisable (Years) $ $ $ 0.26 1,033,833 4.37 0.26 245,658 0.26 $ 0.69 2,204 2.92 0.69 2,204 0.69 $ 6.72-10.05 11,716 7.35 7.09 5,912 7.31 $ 11.40-15.32 10,415 2.06 13.93 10,415 13.93 $ 17.72-17.72 1,337 4.24 17.72 1,337 17.72 $ 27.57-40.87 682,460 3.97 37.49 325,344 35.93 $ 41.44-57.26 398,669 5.35 47.60 64,277 49.28 $ 64.06-67.10 133,030 5.03 64.66 90,000 64.53 2,273,664 4.46 23.61 745,147 28.10 A summary of the Company's Restricted Stock Awards ("RSA") and the Company's Restricted Stock Units ("RSU") activities and related information for the year ended December 31, 2016, is as follows: Number of RSU & RSA Outstanding at January 1, 2016 753,205 Granted 868,375 Assumed 231,374 Vested (244,907 ) Forfeited (109,404 ) Outstanding at December 31, 2016 1,498,643 (*) NIS 1 par value which represents approximately $0.26 As of December 31, 2016, there was approximately $89,679 of unrecognized compensation expense related to non-vested stock options and restricted stock awards, expected to be recognized over a period of up to four years. The total equity-based compensation expense related to all of the Company's equity-based awards, recognized for the years ended December 31, 2016, 2015 and 2014, was comprised as follows: Year ended December 31, 2016 2015 2014 Cost of revenues $ 7,878 $ 3,712 $ 4,472 Research and development, net 5,676 2,161 2,483 Selling and marketing 16,403 11,266 12,361 General and administrative 10,590 10,521 9,224 Total stock-based compensation expenses $ 40,547 $ 27,660 $ 28,540 c. Employee Stock Purchase Plan: Under the Employee Stock Purchase Plan ("ESPP") Eligible employee were entitled to between 2% to 10% of their earnings being withheld (under certain limitations) for the purposes of purchasing ordinary shares. Under the ESPP, the price of ordinary shares purchased was equal to 95% of the fair market value of the ordinary shares. Pursuant to a resolution of the Company's Board of Directors, the Company's Employee Stock Purchase Plan has been terminated, and is no longer in effect as of January 1, 2014. During 2014 employees purchased 11,196 shares at average prices of $38.91 per share. d. Treasury shares: On February 15, 2011, November 2, 2011, October 31, 2012, February 4, 2014 and June 1, 2015 the Company's Board of Directors authorized a program to repurchase up to $100,000 at each time (total of up to $500,000) of the Company's issued and outstanding ordinary shares and ADRs. On January 10, 2017 the Company announced that the Board of Directors authorized a program to repurchase up to $150,000 at each time of the Company's issued and outstanding ordinary shares and ADRs. Repurchases may be made from time to time in the open market or in privately negotiated transactions and will be in accordance with applicable securities laws and regulations. The timing and amount of the repurchase transactions will be determined by management and may depend on a variety of factors, including market conditions, alternative investment opportunities and other considerations. The programs do not obligate the Company to acquire any particular amount of ordinary shares and ADRs and the program may be modified or discontinued at any time without prior notice. e. Dividends: On February 13, 2013, the Company announced that the Board of Directors had approved a dividend policy under which the Company intended to pay quarterly cash dividends to holders of its ordinary shares and ADRs subject to declaration by the Board. Under Israeli law, dividends may be paid only out of total accumulated retained profits and other surplus (as defined in the law) as of the most recent financial statements or as accrued over a period of the last two years, whichever is higher, provided that there is no reasonable concern that the dividend distribution will prevent the Company from meeting its existing and foreseeable obligations as they come due. Dividends are generally declared and paid in U.S. dollars, although the Company may pay such dividends in Israeli currency. The total amount of annual dividend declared and paid in 2016 and 2015 was $0.64 per share. Subsequent to the balance sheet date, the Company declared and paid an additional dividend of $0.16 per share in respect of the fourth quarter of 2016.

CREDIT AGREEMENT

CREDIT AGREEMENT	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
CREDIT AGREEMENT	NOTE 14:- CREDIT AGREEMENT In connection with financing the acquisition of inContact (refer to Note 1b) which closed on November 14, 2016, the Company entered into a Credit Agreement with certain lenders, according to which the following credit facilities were issued: 1) a long term loan of $475 million, and 2) a revolving credit loan of up to $75 million. Long term loan As of December 31, 2016, the contractual principal payments for the long term loan (including current maturities) are as follows: 2017 $ 23,750 2018 23,750 2019 23,750 2020 47,500 2021 356,250 Total $ 475,000 (*) In January 2017, the Company prepaid a principal amount of $260 million which resulted in $5.3 million amortization of debt issuance costs In addition, the contractual principal payments for the long term loan have changed and the Company will pay the entire remaining principal of $215 million on the final maturity date of the term loan facility. Refer to Note 17 for further details. The long term loan bears interest through maturity at a variable rate based upon, at the Company’s option . Debt issuance costs of $10,158 attributable to the long term loan are amortized as interest expense over the contractual term of the loan using the effective interest rate. The following table sets forth the component of the liability as of December 31, 2016: Liability: Principal $ 475,000 Less: Debt issuance costs, net of amortization (9,820 ) Net carrying amount $ 465,180 The following table sets forth interest expense recognized related to the liability for the year ended December 31, 2016: Amortization of debt issuance costs $ 338 Interest expense 1,266 Total interest expense recognized $ 1,604 Effective interest rate 2.84 % Revolving credit loan Pursuant to the Credit Agreement, the Company has also been granted a revolving credit facility that entitles the Company to borrow up to $75 million through December 2021 with interest payable on the borrowed amount set at the same terms as the term loan, as well as a quarterly commitment fee on unfunded amounts ranging from 0.25% to 0.5%, subject to the achievement of certain leverage levels. As of December 31, 2016, no amounts had been funded . The Credit Agreement contains a number of covenants and restrictions that among other things, and subject to certain agreed upon exceptions, require the Company and its subsidiaries to satisfy certain financial covenants and restricts the ability of the Company and its subsidiaries to incur liens, incur additional indebtedness, make loans and investments, engage in mergers and acquisitions, engage in asset sales, declare dividends or redeem or repurchase capital stock, prepay, redeem or purchase subordinated debt and amend or otherwise alter debt agreements, in each case, subject to certain agreed upon exceptions. A failure to comply with these covenants could permit the lenders under the Credit Agreement to declare all amounts borrowed under the Credit Agreement, together with accrued interest and fees, to be immediately due and payable. As of December 31, 2016, the Company was in compliance with all covenants and requirements outlined in the Credit Agreement .

REPORTABLE SEGMENTS AND GEOGRAP

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION	NOTE 15:- REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION a. Reportable segments: ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is its Chief Executive Officer. During 2015, the Company divested its Physical Security as well as its Cyber and Intelligence operations, which were a major part of the Security Solutions segment, to allow it to focus on its core markets as part of the execution of its long-term strategy. Following this divestiture, the Company operates in the following operation-based segments: Customer Engagement provide data driven insights that enable businesses to deliver consistent and personalized experience to customers, and Financial Crime and Compliance provide real time and cross-channel fraud prevention, anti-money laundering, brokerage compliance and enterprise-wide case management. Year ended December 31, 2016 Customer Engagement (1) (2) Financial Crime and Compliance Not allocated Total Revenues $ 754,398 $ 261,144 $ - $ 1,015,542 Operating income $ 202,893 $ 89,990 $ (158,707 ) $ 134,176 Year ended December 31, 2015 Customer Engagement (1) Financial Crime and Compliance Not allocated Total Revenues $ 688,060 $ 238,807 $ - $ 926,867 Operating income $ 206,994 $ 73,131 $ (114,019 ) $ 166,106 Year ended December 31, 2014 Customer Engagement (1) Financial Crime and Compliance Not allocated Total Revenues $ 674,797 $ 197,198 $ - $ 871,995 Operating income $ 151,051 $ 46,878 $ (91,635 ) $ 106,294 (1) Includes the results of a certain operation (formerly part of the Security Solutions segment), which was retained following the above mentioned divestiture and integrated within the Customer Engagement operating segment. (2) Includes the results of Nexidia, VPI and inContact, which were acquired in 2016 and are being integrated within the Customer Engagement segment. The following presents long-lived assets of December 31, 2016 and 2015, based on operational segments: December 31, 2016 2015 Customer Engagement $ 68,935 $ 24,707 Financial Crime and Compliance 13,192 11,013 Non-allocated 5,551 4,873 $ 87,678 $ 40,593 b. Geographical information: Total revenues from external customers on the basis of the Company's geographical areas are as follows: Year ended December 31, 2016 2015 2014 Americas, principally the US $ 720,520 $ 630,096 $ 591,147 EMEA (*) 189,223 192,640 184,092 Israel 4,295 4,231 5,092 Asia Pacific 101,504 99,900 91,664 $ 1,015,542 $ 926,867 $ 871,995 The following presents long-lived assets of December 31, 2016 and 2015, based on geographical areas: December 31, 2016 2015 Americas, principally the US $ 49,175 $ 10,385 EMEA (*) 3,398 4,458 Israel 28,237 22,193 Asia Pacific 6,868 3,557 $ 87,678 $ 40,593 (*) Includes Europe, the Middle East (excluding Israel) and Africa.

SELECTED STATEMENTS OF INCOME D

SELECTED STATEMENTS OF INCOME DATA	12 Months Ended
	Dec. 31, 2016
Income Statement Related Disclosures [Abstract]
SELECTED STATEMENTS OF INCOME DATA	NOTE 16:- SELECTED STATEMENTS OF INCOME DATA a. Research and development expenses, net: Year ended December 31, 2016 2015 2014 Total costs $ 151,698 $ 132,039 $ 125,952 Less - grants and participations (1,668 ) (2,174 ) (2,455 ) Less - capitalization of software development costs (8,502 ) (1,380 ) (356 ) $ 141,528 $ 128,485 $ 123,141 b. Financial income and other, net: Year ended December 31, 2016 2015 2014 Financial income: Interest and amortization/accretion of premium/discount on marketable securities $ 5,607 $ 6,844 $ 5,268 Exchange rates differences 3,961 - - Realized gain on marketable securities 3,388 32 16 Interest 953 430 349 13,909 7,306 5,633 Financial expenses: Interest (2,199 ) (66 ) (73 ) Exchange rates differences - (731 ) (685 ) Other (925 ) (780 ) (1,107 ) (3,124 ) (1,577 ) (1,865 ) Other expenses, net (480 ) (425 ) (3 ) $ 10,305 $ 5,304 $ 3,765 c. Net earnings per share: The following table sets forth the computation of basic and diluted net earnings per share: 1. Numerator: Year ended December 31, 2016 2015 2014 Net income from continuing operations available to ordinary shareholders $ 123,069 $ 140,578 $ 100,150 Net income from discontinued operations available to ordinary shareholders (6,149 ) 118,253 2,925 Net income to ordinary shareholders $ 116,920 $ 258,831 $ 103,075 2. Denominator (in thousands): Year ended December 31, 2016 2015 2014 Denominator for basic net earnings per share - Weighted average number of shares 59,667 59,552 59,362 Effect of dilutive securities: Add - employee stock options and RSU 1,368 1,729 1,533 Denominator for diluted net earnings per share - adjusted weighted average shares 61,035 61,281 60,895

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 17:- SUBSEQUENT EVENTS a) Dividend: In accordance with the adoption of a dividend policy announced on February 13, 2013, as described on Note 13e, in February 2017 the Company announced a declaration of a cash dividend of $0.16 per share for the fourth quarter of 2016, which was paid on March 15, 2017. On January 10, 2017, the Company announced its capital return strategy to optimize the Company’s long term growth profile. Therefore the Board of Directors authorized a new enlarged share repurchase program of $150 million and the elimination of the dividend policy beginning in the first quarter of 2017. b) Notes and Indenture: In January 2017, the Company issued $287,500 aggregate principal amount of Exchangeable Senior Notes due 2024 (the “Notes”). The Notes will bear interest at a fixed rate of 1.25% per year, payable semiannually in arrears on January 15 and July 15 of each year, beginning on July 15, 2017. Subject to satisfaction of certain conditions and during certain periods, the Notes will be exchangeable at the option of holders for (i) cash, (ii) ADSs or (iii) a combination thereof, at the Company’s election. The exchange rate will initially be 12.0260 ADSs per $1,000 principal amount of Notes (equivalent to an initial exchange price of approximately $83.15 per ADS). In connection with the pricing of the Notes, the Company has entered into privately negotiated exchangeable note hedge transactions with some of the initial purchasers and/or their respective affiliates (the “option counterparties”). Subject to customary anti-dilution adjustments substantially similar to those applicable to the Notes, the exchangeable note hedge transactions cover the same number of ADSs that will initially underlie the Notes. The note hedge transactions are expected generally to reduce potential dilution to the ADSs and/or offset potential cash payments the Company is required to make in excess of the principal amount, in each case, upon any exchange of the Exchangeable Notes. Concurrently with the Company’s entry into the exchangeable note hedge transactions, the Company has entered into warrant transactions with the option counterparties relating to the same number of ADSs, with a strike price of $101.82 per ADS, subject to customary anti-dilution adjustments. The Company proceeds from the offering of the Exchangeable Notes were $280,400, after deducting the underwriters’ fees and offering expenses. The Company used $

SIGNIFICANT ACCOUNTING POLICI27

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Use of estimates	a. Use of estimates: The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Financial statements in United States dollars	b. Financial statements in United States dollars: The currency of the primary economic environment in which the operations of NICE and certain subsidiaries are conducted is the U.S. dollar ("dollar"); thus, the dollar is the functional currency of NICE and certain subsidiaries. NICE and certain subsidiaries' transactions and balances denominated in dollars are presented at their original amounts. Non-dollar transactions and balances have been remeasured to dollars in accordance with ASC 830, "Foreign Currency Matters". All transaction gains and losses from remeasurement of monetary balance sheet items denominated in non-dollar currencies are reflected in the statements of income as financial income or expenses, as appropriate. For those subsidiaries whose functional currency has been determined to be a non-dollar currency, assets and liabilities are translated at year-end exchange rates and statement of income items are translated at average exchange rates prevailing during the year. Such translation adjustments are recorded as a separate component of accumulated other comprehensive income (loss) in shareholders' equity.
Principles of consolidation	c. Principles of consolidation: Intercompany transactions and balances have been eliminated upon consolidation.
Cash equivalents	d. Cash equivalents: Cash equivalents are short-term unrestricted highly liquid investments that are readily convertible into cash, with original maturities of three months or less at acquisition.
Marketable securities	e. Marketable securities: The Company accounts for investments in debt securities in accordance with ASC 320, "Investments - Debt and Equity Securities". Management determines the appropriate classification of its investments in debt securities at the time of purchase and re-evaluates such determinations at each balance sheet date. Marketable securities classified as "available-for-sale" are carried at fair value, based on quoted market prices. Unrealized gains and losses are reported in a separate component of shareholders' equity in accumulated other comprehensive income (loss). Gains and losses are recognized when realized, on a specific identification basis, in the Company's consolidated statements of income. The Company's securities are reviewed for impairment in accordance with ASC 320-10-35. If such assets are considered to be impaired, the impairment charge is recognized in earnings when a decline in the fair value of its investments below the cost basis is judged to be other-than-temporary. Factors considered in making such a determination include the duration and severity of the impairment, the reason for the decline in value, the potential recovery period and the Company's intent to sell, including whether it is more likely than not that the Company will be required to sell the investment before recovery of cost basis. For securities with an unrealized loss that the Company intends to sell, or it is more likely than not that the Company will be required to sell before recovery of their amortized cost basis, the entire difference between amortized cost and fair value is recognized in earnings. For securities that do not meet these criteria, the amount of impairment recognized in earnings is limited to the amount related to credit losses, while declines in fair value related to other factors are recognized in accumulated other comprehensive income (loss).
Property and equipment, net	f. Property and equipment, net: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, at the following annual rates: % Computers and peripheral equipment 20-33 Office furniture and equipment 7 - 20 Internal use software 33 Leasehold improvements are amortized by the straight-line method over the term of the lease or the estimated useful life of the improvements, whichever is shorter.
Internal use software costs	g. Internal use software costs: The Company capitalizes costs related to its cloud computing services for internal-use incurred during the application development stage. Costs incurred in the process of software production are charged to expenses as incurred. Certain software development costs are capitalized under ASC350-40, Internal-Use Software and are included in property and equipment, net in the consolidated balance sheets. Capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose.
Other intangible assets, net	h. Other intangible assets, net: Intangible assets are amortized over their estimated useful lives using the straight-line method, at the following weighted average % Core technology 13 Customer relationships and distribution network 16 Trademarks 12 Customer backlog 100
Impairment of long-lived assets	i. Impairment of long-lived assets: The Company's long-lived assets and identifiable intangibles that are subject to amortization are reviewed for impairment in accordance with ASC 360, "Property, Plant, and Equipment", whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment indicators include any significant changes in the manner of the Company's use of the assets and significant negative industry or economic trends. Upon determination that the carrying value of a long-lived asset may not be recoverable based upon a comparison of aggregate undiscounted projected future cash flows to the carrying amount of the asset, an impairment charge is recorded for the excess of the carrying amount over fair value. In 2016, 2015 and 2014, no impairment charge was recognized.
Goodwill	j. Goodwill: Goodwill represents the excess of the purchase price in a business combination over the fair value of the net tangible and intangible assets acquired. Under ASC 350, "Intangible - Goodwill and Other," ("ASC 350") goodwill is not amortized, but rather is subject to an annual impairment test. ASC 350 requires goodwill to be tested for impairment at the reporting unit level at least annually or between annual tests in certain circumstances, and written down when impaired. Goodwill is tested for impairment by comparing the fair value of the reporting unit with its carrying value. ASC 350 allows an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. If the qualitative assessment does not result in a more likely than not indication of impairment, no further impairment testing is required. If it does result in a more likely than not indication of impairment, the two-step impairment test is performed. Alternatively, ASC 350 permits an entity to bypass the qualitative assessment for any reporting unit and proceed directly to performing the first step of the goodwill impairment test. During the fourth quarter of each of the years presented the Company performed a qualitative assessment for its reporting units and concluded that the qualitative assessment did not result in a more likely than not indication of impairment, and therefore no further impairment testing was required. Accordingly, during the years 2016, 2015 and 2014, no impairment charge was recognized.
Revenue recognition	k. Revenue recognition: The Company generates revenues from sales of software products and services, which include SaaS and network connectivity, hosting, support and maintenance, implementation, configuration, project management, consulting, training, as well as hardware sales. The Company sells its products directly through its sales force and indirectly through a global network of distributors, system integrators and strategic partners, all of whom are considered end-users. The basis for the Company's software revenue recognition is substantially governed by the accounting guidance contained in ASC 985-605, "Software-Revenue Recognition". Revenues from sales of software products are recognized when persuasive evidence of an agreement exists, delivery of the product has occurred, the fee is fixed or determinable and collectability is probable. In transactions where a customer's contractual terms include a provision for customer acceptance, revenues are recognized either when such acceptance has been obtained or as the acceptance provision has lapsed. For multiple element arrangements within the scope of software revenue recognition guidance, revenues are allocated to the different elements in the arrangement under the "residual method" when Vendor Specific Objective Evidence ("VSOE") of fair value exists for all undelivered elements and no VSOE exists for the delivered elements. Under the residual method, the Company defers revenue for the fair value of its undelivered elements and recognizes revenue for the remainder of the arrangement fee attributable to the elements initially delivered in the arrangement when the basic criteria in ASC 985-605 have been met. Any discount in the arrangement is allocated to the delivered element. Revenues from maintenance and professional services are recognized ratably over the contractual period and as services are performed, respectively. For arrangements that contain both software and non-software components that function together to deliver the products' essential functionality, the Company allocates revenue to each element based on its relative selling price. In such circumstances, the accounting principles establish a hierarchy to determine the selling price to be used for allocating revenue to deliverables. The selling price for a deliverable is based on its VSOE, if available, third party evidence ("TPE"), if VSOE is not available, or best estimated selling price ("BESP"), if neither VSOE nor TPE are available. The Company establishes VSOE of fair value using the price charged for a deliverable when sold separately . When VSOE cannot be established, the Company attempts to establish fair value of each element based on TPE. TPE is determined based on competitor prices for similar deliverables when sold separately. Generally, the Company's go-to-market strategy differs from that of its peers and the Company's offerings contain a significant level of differentiation such that the comparable pricing of products with similar functionality cannot be obtained. Furthermore, the Company is unable to reliably determine what similar competitor products' selling prices are on a standalone basis. Therefore, the Company is typically not able to determine TPE. The BESP price is established considering several external and internal factors including, but not limited to, historical sales, pricing practices and geographies in which the Company offers its products. The determination of the BESP is subject to discretion. The Company's policy for establishing VSOE of fair value of maintenance services is based on the price charged when the maintenance is renewed separately. Establishment of VSOE of fair value of professional services is based on the price charged when these services are sold separately. Revenues from fixed price contracts that require significant customization, integration and installation are recognized based on ASC 605-35, "Construction-Type and Production-Type Contracts", using the percentage-of-completion method of accounting based on the ratio of costs related to contract performance incurred to date to the total estimated amount of such costs. The amount of revenue recognized is based on the total fees under the arrangement and the percentage of completion achieved. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are first determined, in the amount of the estimated loss on the entire contact. The Company's SaaS offerings provide customers access to certain of its software within a cloud-based IT environment on a subscription basis , and may also include s Revenues for SaaS offerings are recognized ratably over the contract term or based on actual usage, commencing with the date the service is made available to customers and all other revenue recognition criteria have been satisfied. Revenue from the network connectivity usage is derived based on customer specific rate plans and call usage and is recognized in the period the call is initiated. Upfront fees related to professional services that are not considered to have standalone value are deferred and recognized over the estimated life of the customer. To assess the probability of collection for revenue recognition, the Company has a credit policy that determines the credit limit that reflects an amount that is deemed probably collectible for each customer. These credit limits are reviewed and revised periodically on the basis of new customer financial statements information, credit insurance data and payment performance. The Company maintains a provision for product returns which is estimated based on the Company's past experience and is deducted from revenues. Deferred revenues and advances from customers include payments received from customers, for which revenue has not yet been recognized.
Research and development costs	l. Research and development costs: Research and development costs (net of grants) incurred in the process of software production are charged to expenses as incurred.
Income taxes	m. Income taxes: The Company accounts for income taxes in accordance with ASC 740, "Income Taxes". This topic prescribes the use of the liability method whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to the amount that is more likely than not to be realized. The Company implements a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% (cumulative basis) likely to be realized upon ultimate settlement. The Company classifies interest and penalties on income taxes (which includes uncertain tax positions) as taxes on income. The deferred tax assets and liabilities are classified to non-current assets and liabilities, respectively.
Non-royalty grants	n. Non-royalty grants: Non-royalty bearing grants from the Government of Israel and the European Union for funding research and development projects are recognized at the time the Company is entitled to such grants on the basis of the related costs incurred and recorded as a deduction from research and development expenses.
Concentrations of credit risk	o. Concentrations of credit risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, trade receivables, marketable securities and foreign currency derivative contracts. The Company's cash and cash equivalents are invested in deposits mainly in dollars with major international banks. Deposits in the U.S. may be in excess of insured limits and are not insured in other jurisdictions. Generally, these deposits may be redeemed upon demand and therefore bear minimal risk. The Company's trade receivables are derived from sales to customers located primarily in North America, EMEA and APAC. The Company performs ongoing credit evaluations of its customers and insures certain of its receivables with a credit insurance company. A general allowance for doubtful accounts is provided, based on the length of time the receivables are past due. The Company's marketable securities include investment in corporate debentures and U.S. Treasuries. The Company's investment policy limits the amount that the Company may invest in any one type of investment or issuer, thereby reducing credit risk concentrations. The Company entered into forward contracts, and option contracts intended to protect cash flows resulting from payroll and facilities related expenses against the volatility in value of forecasted non-dollar currency. The derivative instruments hedge a portion of the Company's non-dollar currency exposure. See Note 10.
Severance pay	p. Severance pay: The Company's liability for severance pay for its Israeli employees is calculated pursuant to Israel's Severance Pay Law based on the most recent monthly salary of the employees multiplied by the number of years of employment as of the balance sheet date. Employees are entitled to one month's salary for each year of employment, or a portion thereof. The Company's liability is fully provided by monthly deposits with insurance policies and severance pay funds and by an accrual. The deposited funds include profits (losses) accumulated up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to Israel's Severance Pay Law or labor agreements. The value of the deposited funds is based on the cash surrendered value of these policies. The Company's agreements with employees in Israel, who joined the Company since May 1, 2009, are in accordance with Section 14 of the Severance Pay Law, 1963, whereas, the Company's contributions for severance pay shall be instead of its severance liability. Upon contribution of the full amount of the employee's monthly salary, and release of the policy to the employee, no additional calculations shall be conducted between the parties regarding the matter of severance pay and no additional payments shall be made by the Company to the employee. Further, the related obligation and amounts deposited on behalf of such obligation are not stated on the balance sheet, as they are legally released from obligation to employees once the deposit amounts have been paid. The Company also has other liabilities for severance pay in other jurisdictions. Severance pay expense for 2016, 2015 and 2014 amounted to $9,970, $8,936 and $11,229, respectively. The Company has a 401(K) defined contribution plan covering certain employees in the U.S. All eligible employees may elect to contribute up to 6%-8% of their eligible compensation, but generally not greater than annual payment of $18 in 2016 and 2015, and $17.5 in 2014 (for certain employees over 50 years of age the maximum annual contribution is $24 per year in 2016 and 2015, and $23 in 2014) of their total annual compensation to the plan through salary deferrals, subject to IRS limits.
Basic and diluted net earnings per share	q. Basic and diluted net earnings per share: Basic net earnings per share are computed based on the weighted average number of ordinary shares outstanding during each year. Diluted net earnings per share are computed based on the weighted average number of ordinary shares outstanding during each year plus dilutive potential equivalent ordinary shares considered outstanding during the year, in accordance with ASC 260, "Earnings per Share". The weighted average number of shares related to outstanding anti-dilutive options excluded from the calculations of diluted net earnings per share was 398,544, 561,621 and 743,100 for the years 2016, 2015 and 2014, respectively.
Accounting for stock-based compensation	r. Accounting for stock-based compensation: The Company accounts for stock-based compensation in accordance with ASC 718, "Compensation - Stock Compensation" ("ASC 718"), which requires the measurement and recognition of compensation expense based on estimated fair values for all share-based payment awards made to employees and directors. ASC 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statement of income. The Company recognizes compensation expenses for the value of its awards, which have graded vesting, based on the accelerated attribution method over the requisite service period of each of the awards, net of estimated forfeitures. Estimated forfeitures are based on actual historical pre-vesting forfeitures. The Company estimates the fair value of stock options granted using the Black-Scholes-Merton option-pricing model, which requires a number of assumptions: the expected volatility is based upon actual historical stock price movements; the expected term of options granted is based upon historical experience and represents the period of time that options granted are expected to be outstanding; the risk-free interest rate is based on the yield from U.S. Federal Reserve zero-coupon bonds with an equivalent term; and the expected dividend rate (an annualized dividend yield) is based on the per share dividend declared by the Company's Board of Directors. For information on the Company's dividend payments, see Note 13e. The Company measures the fair value of restricted stock based on the market value of the underlying shares at the date of grant.
Fair value of financial instruments	s. Fair value of financial instruments: The Company applies ASC 820, "Fair Value Measurements and Disclosures" ("ASC 820"). Under this standard, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the inputs as follows: · Level 1 - Valuations based on quoted prices in active markets for identical assets that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment. · Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. · Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. The availability of observable inputs can vary from investment to investment and is affected by a wide variety of factors, including, for example, the type of investment, the liquidity of markets and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment and the investments are categorized as Level 3. The Company's marketable securities and foreign currency derivative contracts are classified within Level 2 (see Notes 3 and 10). The carrying amounts of cash and cash equivalents, short-term bank deposits, trade receivables and trade payables, approximate their fair value due to the immediate or short-term maturities of these financial instruments. The carrying amount of the long term loan approximates its fair value due to the fact the loan bears variable interest rate.
Legal contingencies	t. Legal contingencies: The Company is currently involved in various claims and legal proceedings. The Company reviews the status of each matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss.
Advertising expenses	u. Advertising expenses: Advertising expenses are charged to expense as incurred. Advertising expenses for the years 2016, 2015 and 2014 were $9,693, $7,986 and $ 7,827, respectively.
Treasury shares	v. Treasury shares: The Company repurchases its ordinary shares from time to time on the open market or in other transactions and holds such shares as treasury shares. The Company presents the cost to repurchase treasury stock as a reduction of shareholders' equity. The Company reissues treasury shares under the stock purchase plan, upon exercise of options and upon vesting of restricted stock units. Reissuance of treasury shares is accounted for in accordance with ASC No. 505-30 whereby gains are credited to additional paid-in capital and losses are charged to additional paid-in capital to the extent that previous net gains are included therein; otherwise to retained earnings.
Business Combination	w. Business Combination: The Company applies the provisions of ASC 805, “Business Combination” and allocates the fair value of purchase consideration to the tangible assets acquired, liabilities assumed and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair values of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to future expected cash flows from customer relationships, acquired technology and acquired trademarks from a market participant perspective, useful lives and discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates.
Comprehensive income	x. Comprehensive income: The Company accounts for comprehensive income in accordance with ASC No. 220, "Comprehensive Income". Comprehensive income generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The Company determined that its items of other comprehensive income relate to gains and losses on hedging derivative instruments and unrealized gains and losses on available for sale marketable securities and changes in foreign currency translation adjustments. The following tables show the components of accumulated other comprehensive income, net of taxes, as of December 31, 2016 and 2015: Year ended December 31, 2016 Unrealized gains (losses) on marketable securities Unrealized gains (losses) on cash flow hedges Foreign currency translation adjustment Total Beginning balance $ ( 1,930 ) $ (569 ) $ (21,706 ) $ (24,205 ) Other comprehensive income (loss) before reclassifications 5,102 600 (24,801 ) (19,099 ) Amounts reclassified from accumulated other comprehensive income (3,388 ) (132 ) - (3,520 ) Net current-period other comprehensive income (loss) 1,714 468 (24,801 ) (22,619 ) Ending balance $ (216 ) $ (101 ) $ (46,508 ) $ (46,824 ) Year ended December 31, 2015 Unrealized gains (losses) on marketable securities Unrealized gains (losses) on cash flow hedges Foreign currency translation adjustment Total Beginning balance $ 183 $ (3,625 ) $ (7,104 ) $ (10,546 ) Other comprehensive income (loss) before reclassifications (2,081 ) (954 ) (14,602 ) (17,637 ) Amounts reclassified from accumulated other comprehensive income (32 ) 4,010 - 3,978 Net current-period other comprehensive income (loss) (2,113 ) 3,056 (14,602 ) (13,659 ) Ending balance $ ( 1,930 ) $ (569 ) $ (21,706 ) $ (24,205 )
Recently issued accounting standards	y. Recently issued accounting standards: In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09) "Revenue from Contracts with Customers (Topic 606)". ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. As currently issued and amended, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, though early adoption is permitted for annual reporting periods beginning after December 15, 2016. In March 2016, the FASB issued “Revenue from Contracts with Customers (Topic 606) - Principal versus Agent Considerations (Reporting revenue gross versus net)” (ASU 2016-08), which clarifies gross versus net revenue reporting when another party is involved in the transaction. In April 2016, the FASB issued “Identifying Performance Obligations and Licensing” (ASU 2016-10) which amends the revenue guidance on identifying performance obligations and accounting for licenses of intellectual property. The new revenue standard may be applied using either of the following transition methods: (1) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (2) a modified retrospective approach with the cumulative effect of initially adopting the standard recognized at the date of adoption (which includes additional footnote disclosures). The guidance in ASU 2016-08 and 2016-10 is effective upon the adoption of ASU 2014-09. The Company will adopt the standard in the first quarter of 2018 and has not yet selected a transition method The Company is currently evaluating the effect that the updated standard will have on its consolidated financial statements and related disclosures. While the Company is continuing to assess all potential impacts of the new standard, the Company currently believes the impacts relate to arrangements that include term-based software licenses, allocation of transaction price to each performance obligation on a relative standalone selling price and capitalization of costs related to obtaining customer contracts. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”), which updates certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 will be effective for the Company in the first quarter of 2019. The Company is currently evaluating the effect that this guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases" ("ASU 2016-02"). The updated standard aims to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. This update is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods; early adoption is permitted and modified retrospective application is required. The Company is currently evaluating the impact of adopting ASU 2016-02 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships” (“ASU 2016-05”), which clarifies that a change in the counter party to a derivative instrument designated as a hedging instrument does not require designation of that hedging relationship, provided that all other hedge accounting criteria are met. The guidance in ASU 2016-05 is effective for annual periods beginning after December 15, 2016; early adoption is permitted as of the beginning of an interim period on a modified retrospective basis. The Company expects no material impact on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”), which simplified certain aspects of the accounting for share-based payment transactions, including income taxes, classification of awards and classification in the statement of cash flows. ASU 2016-09 will be effective for the Company in the first quarter of 2017. The Company will apply this guidance using a modified retrospective transition method and expect to record a total cumulative-effect adjustment in retained earnings as of January 1, 2017 for the revision of the forfeiture fair value and excess tax benefits that have not previously been recognized in an amount of approximately $6 million. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments." The guidance addresses the classification of cash flow related to (1) debt prepayment or extinguishment costs, (2) settlement of zero-coupon debt instruments or other debt instruments with coupon rates that are insignificant in relation to the effective interest rate of the borrowing, (3) contingent consideration payments made after a business combination, (4) proceeds from the settlement of insurance claims, (5) proceeds from the settlement of corporate-owned life insurance, including bank-owned life insurance, (6) distributions received from equity method investees and (7) beneficial interests in securitization transactions. The guidance also clarifies how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. The guidance will generally be applied retrospectively and is effective for financial statements issued for annual reporting periods beginning after December 15, 2017. Early application is permitted. The Company is currently evaluating the impact of this standard on its consolidated statement of cash flows. In October 2016, the FASB issued Accounting Standards Update No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers Other than Inventory (ASU 2016-16), which requires companies to recognize the income-tax consequences of an intra-entity transfer of an asset other than inventory. ASU 2016-16 will be effective for the Company in the first quarter of 2018, with the option to adopt it in the first quarter of 2017. The Company is currently evaluating the effect that this guidance will have on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-04 "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment" (ASU 2017-04). ASU 2017-04 eliminates Step 2 of the goodwill impairment test, which requires the calculation of the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. Instead, an entity will compare the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. ASU 2017-04 is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. The Company is currently evaluating the effect that this guidance will have on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01 "Business Combinations (Topic 805): Clarifying the Definition of a Business" (ASU 2017-04), which provides a more robust framework to use in determining when a set of assets and activities is a business. Because the current definition of a business is interpreted broadly and can be difficult to apply, stakeholders indicated that analyzing transactions is inefficient and costly and that the definition does not permit the use of reasonable judgment. ASU 2017-04 provides more consistency in applying the guidance, reduces the costs of application, and makes the definition of a business more operable. This update is effective for annual and interim periods beginning after December 15, 2018. The Company expects no material impact on its consolidated financial statements.

GENERAL (Tables)

GENERAL (Tables)	12 Months Ended
	Dec. 31, 2016
Schedule of discontinued operations	The results of the discontinued operations including prior periods' comparable results, assets and liabilities which have been retroactively included in discontinued operations as separate line items in the statements of income and balance sheets are presented below: Year ended December 31, 2016 (*) 2015 2014 Revenue $ - $ 68,672 $ 139,644 Cost of sales - 26,956 72,073 Operating expenses 850 36,307 62,041 Operating income (Loss) (850 ) 5,409 5,530 Other income (expenses), net 1,763 (284 ) (565 ) Gain (loss) on disposal of the discontinued operations (9,148 ) 147,334 - Income (loss) before taxes on income (8,235 ) 152,459 4,965 Taxes on income (tax benefit) (2,086 ) 34,206 2,040 Net income (loss) on discontinued operations $ (6,149 ) $ 118,253 $ 2,925 (*) Represent the results of the discontinued operations until their disposal.
Schedule of assets and liabilities classified as discontinued operations	The major classes of assets and liabilities that were classified as discontinued operations were: Year ended December 31, 2016 2015 Trade receivables - 5,224 Prepaid expenses and other current assets 3,734 3,893 Other classes of assets - 25 Total assets of discontinued operations 3,734 9,142 Accrued expenses and other liabilities 3,077 12,698 Other classes of liabilities - 2,455 Total liabilities of discontinued operations 3,077 15,153
Nexidia [Member]
Schedule of fair values of the assets acquired and liabilities	The following table summarizes the fair values of the assets acquired and liabilities assumed: Cash (net of loan payoff amount) $ 1,879 Trade receivables 8,300 Other receivables and prepaid expenses 4,892 Property and equipment 2,774 Identified intangibles 63,400 Goodwill 75,647 Total assets acquired 156,892 Trade payables (1,556 ) Accrued expenses and other liabilities (6,371 ) Deferred revenue (9,341 ) Deferred tax liabilities, net (4,474 ) Total liabilities assumed (21,742 ) Net assets acquired $ 135,150
Schedule of components of intangible assets associated with the acquisition	The following table presents details of the identified intangible assets acquired as of the date of the acquisition: Fair value Estimated useful lives (in years) Trademarks $ 7,500 12 Technology 17,400 5 Customer backlog 10,900 1 Customer relationships 27,600 6 Total intangible assets $ 63,400
Schedule of components of the purchase consideration transferred	The following table summarizes the components of the purchase consideration transferred: Cash $ 134,501 Assumed options 649 Total Purchase consideration $ 135,150
inContact [Member]
Schedule of fair values of the assets acquired and liabilities	The following table summarizes the fair values of the assets acquired and liabilities assumed: Cash $ 37,136 Short term investments 26,714 Trade receivables 40,667 Other receivables and prepaid expenses 10,235 Property and equipment 28,554 Identified intangibles 538,000 Goodwill 559,372 Total assets acquired 1,240,678 Trade payables (16,337 ) Accrued expenses and other liabilities (22,802 ) Deferred revenue (3,967 ) Deferred tax liabilities, net (147,518 ) Total liabilities assumed (190,624 ) Net assets acquired $ 1,050,054
Schedule of components of intangible assets associated with the acquisition	The following table presents details of the identified intangible assets acquired as of the date of the acquisition: Fair value Estimated useful life (in years) Trademarks $ 36,400 2-8 Technology 353,700 4-8 Customer relationships 147,900 5-7 Total $ 538,000
Schedule of components of the purchase consideration transferred	The following table summarizes the components of the purchase consideration transferred: Cash (*) 1,039,028 Assumed options and restricted shares (**) 11,026 Total purchase consideration 1,050,054 (*) Includes cash consideration for the redemption of inContact’s convertible bonds in an amount of $139,438 and for inContact's outstanding vested options and restricted shares as of acquisition date which were cancelled and converted into an amount of $25,366 in cash. (**) Pursuant to the merger agreement, all outstanding unvested inContact RSUs, options and restricted shares were cancelled and replaced with RSUs with ADSs to be received upon settlement, options to acquire ADSs and restricted ADSs, respectively with the same terms and conditions. Of the total estimated fair value of the replacement award, a portion was allocated to the purchase consideration and the remainder was allocated to future services and will be expensed over the remaining service period on an accelerated basis as a share-based compensation. The fair value of replacement award was determined using a Black-Scholes-Merton valuation model with thefollowing assumptions: expected life of 12-74 58%-1.22 50.94%-62.31
Schedule of unaudited pro forma financial information	The following table presents the unaudited pro forma financial information for the years ended December 31, 2016 and 2015, as if the acquisition occurred on January 1, 2015 : Year ended December 31 2016 2015 Revenue $ 1,237,329 $ 1,142,018 Net income $ 31,195 $ 139,123

SIGNIFICANT ACCOUNTING POLICI29

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Property and Equipment Depreciation Rates	Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, at the following annual rates: % Computers and peripheral equipment 20-33 Office furniture and equipment 7 - 20 Internal use software 33
Schedule of Other Intangible Assets Depreciation Rates	Intangible assets are amortized over their estimated useful lives using the straight-line method, at the following weighted average % Core technology 13 Customer relationships and distribution network 16 Trademarks 12 Customer backlog 100
Schedule of Accumulated Other Comprehensive Income, Net	The following tables show the components of accumulated other comprehensive income, net of taxes, as of December 31, 2016 and 2015: Year ended December 31, 2016 Unrealized gains (losses) on marketable securities Unrealized gains (losses) on cash flow hedges Foreign currency translation adjustment Total Beginning balance $ ( 1,930 ) $ (569 ) $ (21,706 ) $ (24,205 ) Other comprehensive income (loss) before reclassifications 5,102 600 (24,801 ) (19,099 ) Amounts reclassified from accumulated other comprehensive income (3,388 ) (132 ) - (3,520 ) Net current-period other comprehensive income (loss) 1,714 468 (24,801 ) (22,619 ) Ending balance $ (216 ) $ (101 ) $ (46,508 ) $ (46,824 ) Year ended December 31, 2015 Unrealized gains (losses) on marketable securities Unrealized gains (losses) on cash flow hedges Foreign currency translation adjustment Total Beginning balance $ 183 $ (3,625 ) $ (7,104 ) $ (10,546 ) Other comprehensive income (loss) before reclassifications (2,081 ) (954 ) (14,602 ) (17,637 ) Amounts reclassified from accumulated other comprehensive income (32 ) 4,010 - 3,978 Net current-period other comprehensive income (loss) (2,113 ) 3,056 (14,602 ) (13,659 ) Ending balance $ ( 1,930 ) $ (569 ) $ (21,706 ) $ (24,205

SHORT-TERM AND LONG-TERM INVE30

SHORT-TERM AND LONG-TERM INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Summary of Amortized Costs, Gross Unrealized Gains and Losses and Estimated Fair Values of Available-For-Sale Marketable Securities	The following table summarizes amortized costs, gross unrealized gains and losses and estimated fair values of available-for-sale marketable securities as of December 31, 2016 and 2015: Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value December 31, December 31, December 31, December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Level 2: Corporate debentures $ 122,335 $ 452,556 $ 91 $ 267 $ 225 $ 2,338 $ 122,201 $ 450,485 U.S. Agencies - 4,999 - 3 2 - 5,000 U.S. Treasuries 7,008 7,010 - - 196 197 6,812 6,813 $ 129,343 $ 464,565 $ 91 $ 270 $ 421 $ 2,537 $ 129,013 $ 462,298
Scheduled Maturities of Available-for-Sale Marketable Securities	The scheduled maturities of available-for-sale marketable securities as of December 31, 2016 were as follows: Amortized Estimated cost fair value Due within one year 30,292 30,287 Due after one year through five years 99,051 98,726 129,343 129,013
Schedule of Unrealized Losses and Fair Values	Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values as of December 31, 2016 and 2015 were as indicated in the following tables: December 31, 2016 Investments with continuous unrealized losses for less than 12 months Investments with continuous unrealized losses for 12 months or greater Total Investments with continuous unrealized losses Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Corporate debentures $ 19,444 $ (137 ) $ 56,799 $ (88 ) $ 76,243 $ (225 ) U.S. treasuries - - 6,812 (196 ) 6,812 (196 ) $ 19,444 $ (137 ) $ 63,611 $ (284 ) $ 83,055 $ (421 ) December 31, 2015 Investments with continuous unrealized losses for less than 12 months Investments with continuous unrealized losses for 12 months or greater Total Investments with continuous unrealized losses Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Corporate debentures $ 242,545 $ (1,750 ) $ 113,581 $ (588 ) $ 356,126 $ (2,338 ) U.S. agencies 1,997 (3 ) - - 1,997 (3 ) U.S. treasuries - - 6,813 (196 ) 6,813 (196 ) $ 244,542 $ (1,753 ) $ 120,394 $ (784 ) $ 364,936 $ (2,537 )

PREPAID EXPENSES AND OTHER CU31

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
Prepaid Expense and Other Assets [Abstract]
Schedule of prepaid expenses and other current assets	December 31, 2016 2015 Government authorities $ 23,312 $ 21,821 Interest receivable 804 2,597 Prepaid expenses 24,863 11,157 Inventories 4,716 6,198 Other 4,271 1,788 $ 57,966 $ 43,561

OTHER LONG-TERM ASSETS (Tables)

OTHER LONG-TERM ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Long-Term Assets	December 31, 2016 2015 Severance pay fund $ 14,701 $ 15,857 Long-term deposits 3,000 1,318 Investments in affiliate 1,000 - $ 18,701 $ 17,175

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment, Net [Abstract]
Schedule of Property and Equipment	December 31, 2016 2015 Cost: Computers and peripheral equipment $ 181,738 $ 118,326 Internal use software 9,882 1,380 Office furniture and equipment 13,982 8,537 Leasehold improvements 48,573 29,106 254,175 157,349 Accumulated depreciation: Computers and peripheral equipment 139,066 95,056 Office furniture and equipment 7,847 6,372 Leasehold improvements 19,584 15,328 166,497 116,756 Depreciated cost $ 87,678 $ 40,593

OTHER INTANGIBLE ASSETS, NET (T

OTHER INTANGIBLE ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Definite-Lived Other Intangible Assets	Definite-lived other intangible assets: December 31, 2016 2015 Original amounts: Core technology $ 623,274 $ 263,883 Customer relationships and distribution network 372,438 182,768 Trademarks 55,745 12,252 1,051,457 458,903 Accumulated amortization: Core technology 238,898 216,586 Customer relationships and distribution network 181,123 161,863 Trademarks 12,701 12,252 432,722 390,701 Other intangible assets, net $ 618,735 $ 68,202
Schedule of Estimated Amortization Expense	Estimated amortization expense: For the year ended December 31, 2017 114,377 2018 93,357 2019 90,687 2020 86,680 2021 and thereafter 233,634 $ 618,735

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Following the Company’s acquisitions in 2016, as described in Note 1b, and the disposal of certain Security Solutions segment operations, as described in Note 1c, the changes in the carrying amount of goodwill allocated to reportable segments for the years ended December 31, 2016 and 2015 are as follows: Year ended December 31, 2016 Customer Engagement Financial Crime and Compliance Total As of January 1, 2016 $ 384,808 $ 266,304 $ 651,112 Acquisitions (*) 651,892 - 651,892 Functional currency translation adjustments (14,502 ) (3,792 ) (18,294 ) As of December 31, 2016 $ 1,022,198 $ 262,512 $ 1,284,710 (*) including a goodwill balance of $559,372 related to the acquisition of inContact. Year ended December 31, 2015 Customer Engagement Financial Crime and Compliance Total As of January 1, 2015 $ 392,228 $ 267,429 $ 659,657 Functional currency translation adjustments (7,420 ) (1,125 ) (8,545 ) As of December 31, 2015 $ 384,808 $ 266,304 $ 651,112

ACCRUED EXPENSES AND OTHER LI36

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
Components of Accrued Expenses and Other Liabilities	December 31, 2016 2015 Employees and payroll accruals $ 118,599 $ 109,995 Accrued expenses 86,236 61,958 Government authorities 67,218 50,001 Other 1,081 1,301 $ 273,134 $ 223,255

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Schedule of Notional and Fair Value Amounts of Outstanding Derivative Instruments	Notional amount Fair value December 31, December 31, 2016 2015 2016 2015 Level 2: Option contracts to hedge payroll expenses ILS $ 43,600 $ 110,000 $ 107 $ (566 ) Option contracts to hedge payroll expenses INR 12,000 - 4 - Option contracts to hedge facilities expenses ILS - 5,018 - 1 Forward contracts to hedge payroll expenses ILS 52,000 - (212 ) - Forward contracts to hedge facility expenses ILS 2,549 - 10 - $ 110,149 $ 115,018 $ (91 ) $ (565 )
Schedule of Fair Value of Derivative Instruments by Balance Sheet Location	The fair value of the Company's outstanding derivative instruments at December 31, 2016 and 2015 is summarized below: Fair value of derivative instruments December 31, Balance sheet line item 2016 2015 Derivative assets: Foreign exchange option contracts Other receivables and prepaid expenses $ 111 $ 1 Foreign exchange forward contracts Other receivables and prepaid expenses 10 - Derivative liabilities: Foreign exchange option contracts Accrued expenses and other liabilities $ - $ (566 ) Foreign exchange forward contracts Accrued expenses and other liabilities (212 ) -
Schedule of Effect of Derivative Instruments in Cash Flow Hedging Relationship on Income and Other Comprehensive Income	The effect of derivative instruments in cash flow hedging relationship on income and other comprehensive income for the years ended December 31, 2016, 2015 and 2014 is summarized below: Amount of gain (loss) recognized in OCI on derivative (effective portion) Year ended December 31, 2016 2015 2014 Derivatives in foreign exchange cash flow hedging relationships: Foreign exchange forward contracts $ 202 - - Foreign exchange option contracts $ (802 ) $ 954 $ 6,770 $ (600 ) $ 954 $ 6,770 Derivatives in foreign exchange cash flow hedging relationships: Statements Amount of gain (loss) reclassified from OCI into income (expenses) (effective portion) of income Year ended December 31, line item 2016 2015 2014 Option contracts Cost of revenues, operating expenses and discontinued operations $ (132 ) $ 4,010 $ 1,552 $ (132 ) $ 4,010 $ 1,552

COMMITMENTS AND CONTINGENT LI38

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Lease Commitments Under Non-Cancelable Operating Leases	Future minimum lease commitments under non-cancelable operating leases for the years ended December 31, were as follows: 2017 $ 22,340 2018 20,670 2019 18,167 2020 17,350 2021 14,612 2022 and thereafter 46,840 $ 139,979

TAXES ON INCOME (Tables)

TAXES ON INCOME (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company's deferred tax assets and liabilities are as follows: December 31, 2016 2015 Deferred tax assets: Net operating losses carryforward and tax credits $ 86,490 $ 16,809 Share based payments 17,299 8,958 Research and development costs 4,246 3,562 Reserves, allowances and other 4,260 5,574 Deferred tax assets before valuation allowance 112,295 34,903 Valuation allowance (8,839 ) (7,347 ) Deferred tax assets 103,456 27,556 Deferred tax liabilities: Acquired intangibles (231,645 ) (28,164 ) Acquired deferred revenue (4,670 ) (302 ) Deferred tax liabilities (236,315 ) (28,466 ) Deferred tax liabilities, net $ (132,859 ) $ (910 ) December 31, 2016 2015 Deferred tax assets $ 14,093 $ 14,130 Deferred tax liabilities (146,952 ) (15,040 ) Deferred tax liabilities, net $ (132,859 ) $ (910 )
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the Company's effective tax rate to the statutory tax rate in Israel is as follows: Year ended December 31, 2016 2015 2014 Income before taxes on income, as reported in the consolidated statements of income $ 144,481 $ 171,410 $ 110,059 Statutory tax rate in Israel 25.0 % 26.5 % 26.5 % Preferred Enterprise benefits (*) (8.9 )% (6.1 )% (4.1 )% Changes in valuation allowance 1.0 % (0.4 )% (2.2 )% Earnings taxed under foreign law (7.7 )% (4.0 )% (4.8 )% Tax settlements and other adjustments 5.8 % 1.1 % (7.0 )% Other (0.4 )% 0.9 % 0.6 % Effective tax rate 14.8 % 18.0 % 9.0 %
Schedule of Effect on Benefit Resulting from "Preferred Enterprise" Status on Net Earnings Per Ordinary Share	The effect of the benefit resulting from the "Preferred Enterprise" status on net earnings per ordinary share is as follows: Year ended December 31, 2016 2015 2014 Basic $ 0.22 $ 0.18 $ 0.08 Diluted $ 0.21 $ 0.17 $ 0.07
Schedule of Income Before Income Tax, Domestic and Foreign	Income before taxes on income is comprised as follows: Year ended December 31, 2016 2015 2014 Domestic $ 131,111 $ 122,952 $ 67,192 Foreign 13,370 48,458 42,867 $ 144,481 $ 171,410 $ 110,059
Schedule of Taxes on Income	Taxes on income are comprised as follows: Year ended December 31, 2016 2015 2014 Current $ 47,318 $ 23,978 $ 37,694 Deferred (25,906 ) 6,854 (27,785 ) $ 21,412 $ 30,832 $ 9,909 Domestic $ 28,097 $ 24,812 $ 2,337 Foreign (6,685 ) 6,020 7,572 $ 21,412 $ 30,832 $ 9,909 Of which: Year ended December 31, 2016 2015 2014 Domestic taxes: Current $ 27,932 $ 14,860 $ 16,351 Deferred 165 9,952 (14,014 ) $ 28,097 $ 24,812 $ 2,337 Foreign taxes: Current $ 19,386 $ 9,118 $ 21,343 Deferred (26,071 ) (3,098 ) (13,771 ) $ (6,685 ) $ 6,020 $ 7,572 Taxes on income $ 21,412 $ 30,832 $ 9,909
Schedule of Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending balances of the total amounts of unrecognized tax benefits is as follows: December 31, 2016 2015 Uncertain tax positions, beginning of year $ 18,236 $ 18,561 Increases in tax positions for prior years 2,147 110 Increases in tax positions for current year 9,926 5,085 Settlements (1,331 ) (2,173 ) Expiry of the statute of limitations (2,319 ) (3,347 ) Uncertain tax positions, end of year $ 26,659 $ 18,236

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Schedule of Assumptions Used to Determine Fair Value of Options Granted	The fair value of the Company's stock options granted to employees and directors for the years ended December 31, 2016, 2015 and 2014 was estimated using the following assumptions: 2016 2015 2014 Expected volatility 22.13%-62.31% 23.02%-27.55% 27.47%-28.08% Weighted average volatility 32.67% 25.17% 27.72% Risk free interest rate 0.58%-2.04% 0.76%-1.18% 0.8%-1.2% Expected dividend 0%-1.00% 0%-1.29% 0%-1.61% Expected term (in years) 3.5 3.5 3.4
Schedule of Stock Option Activity	A summary of the Company's stock options activity and related information for the year ended December 31, 2016, is as follows: Number of options Weighted-average exercise price Weighted- average remaining contractual term (in years) Aggregate intrinsic value Outstanding at January 1, 2016 2,751,584 24.59 4.19 90,058 Granted 450,288 10.69 Assumed 265,223 38.96 Exercised (920,660 ) 25.59 Forfeited (229,780 ) 17.35 Cancelled (42,991 ) 24.42 Outstanding at December 31, 2016 2,273,664 23.61 4.46 102,652 Exercisable at December 31, 2016 745,147 28.10 3.17 30,295
Schedule of Options Outstanding by Exercise Price Range	The options outstanding under the Company's stock option plans as of December 31, 2016 have been separated into ranges of exercise price as follows: Weighted Options Weighted Options average outstanding average Weighted exercisable exercise as of remaining average as of price of Ranges of December 31, contractual exercise December 31, options exercise price 2016 term price 2016 exercisable (Years) $ $ $ 0.26 1,033,833 4.37 0.26 245,658 0.26 $ 0.69 2,204 2.92 0.69 2,204 0.69 $ 6.72-10.05 11,716 7.35 7.09 5,912 7.31 $ 11.40-15.32 10,415 2.06 13.93 10,415 13.93 $ 17.72-17.72 1,337 4.24 17.72 1,337 17.72 $ 27.57-40.87 682,460 3.97 37.49 325,344 35.93 $ 41.44-57.26 398,669 5.35 47.60 64,277 49.28 $ 64.06-67.10 133,030 5.03 64.66 90,000 64.53 2,273,664 4.46 23.61 745,147 28.10
Schedule of Restricted Stock Units Activity	A summary of the Company's Restricted Stock Awards ("RSA") and the Company's Restricted Stock Units ("RSU") activities and related information for the year ended December 31, 2016, is as follows: Number of RSU & RSA Outstanding at January 1, 2016 753,205 Granted 868,375 Assumed 231,374 Vested (244,907 ) Forfeited (109,404 ) Outstanding at December 31, 2016 1,498,643 (*) NIS 1 par value which represents approximately $0.26
Schedule of Allocated Share-Based Compensation Expense	Year ended December 31, 2016 2015 2014 Cost of revenues $ 7,878 $ 3,712 $ 4,472 Research and development, net 5,676 2,161 2,483 Selling and marketing 16,403 11,266 12,361 General and administrative 10,590 10,521 9,224 Total stock-based compensation expenses $ 40,547 $ 27,660 $ 28,540

CREDIT AGREEMENT (Tables)

CREDIT AGREEMENT (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of principal payments on the Company's Term Debt	As of December 31, 2016, the contractual principal payments for the long term loan (including current maturities) are as follows: 2017 $ 23,750 2018 23,750 2019 23,750 2020 47,500 2021 356,250 Total $ 475,000 (*) In January 2017, the Company prepaid a principal amount of $260 million which resulted in $5.3 million amortization of debt issuance costs In addition, the contractual principal payments for the long term loan have changed and the Company will pay the entire remaining principal of $215 million on the final maturity date of the term loan facility. Refer to Note 17 for further details.
Schedule of Component of Term Debt Liability	The following table sets forth the component of the liability as of December 31, 2016: Liability: Principal $ 475,000 Less: Debt issuance costs, net of amortization (9,820 ) Net carrying amount $ 465,180
Schedule of interest Expense Recognized	The following table sets forth interest expense recognized related to the liability for the year ended December 31, 2016: Amortization of debt issuance costs $ 338 Interest expense 1,266 Total interest expense recognized $ 1,604 Effective interest rate 2.84 %

REPORTABLE SEGMENTS AND GEOGR42

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Financial Information of The Company's Reportable Segments	Year ended December 31, 2016 Customer Engagement (1) (2) Financial Crime and Compliance Not allocated Total Revenues $ 754,398 $ 261,144 $ - $ 1,015,542 Operating income $ 202,893 $ 89,990 $ (158,707 ) $ 134,176 Year ended December 31, 2015 Customer Engagement (1) Financial Crime and Compliance Not allocated Total Revenues $ 688,060 $ 238,807 $ - $ 926,867 Operating income $ 206,994 $ 73,131 $ (114,019 ) $ 166,106 Year ended December 31, 2014 Customer Engagement (1) Financial Crime and Compliance Not allocated Total Revenues $ 674,797 $ 197,198 $ - $ 871,995 Operating income $ 151,051 $ 46,878 $ (91,635 ) $ 106,294 (1) Includes the results of a certain operation (formerly part of the Security Solutions segment), which was retained following the above mentioned divestiture and integrated within the Customer Engagement operating segment. (2) Includes the results of Nexidia, VPI and inContact, which were acquired in 2016 and are being integrated within the Customer Engagement segment.
Schedule of Long-Lived Assets by Operational Segments	The following presents long-lived assets of December 31, 2016 and 2015, based on operational segments: December 31, 2016 2015 Customer Engagement $ 68,935 $ 24,707 Financial Crime and Compliance 13,192 11,013 Non-allocated 5,551 4,873 $ 87,678 $ 40,593
Schedule of Total Revenues from External Customers by Geographical Areas	Total revenues from external customers on the basis of the Company's geographical areas are as follows: Year ended December 31, 2016 2015 2014 Americas, principally the US $ 720,520 $ 630,096 $ 591,147 EMEA (*) 189,223 192,640 184,092 Israel 4,295 4,231 5,092 Asia Pacific 101,504 99,900 91,664 $ 1,015,542 $ 926,867 $ 871,995
Schedule of Long-Lived Assets by Geographical Areas	The following presents long-lived assets of December 31, 2016 and 2015, based on geographical areas: December 31, 2016 2015 Americas, principally the US $ 49,175 $ 10,385 EMEA (*) 3,398 4,458 Israel 28,237 22,193 Asia Pacific 6,868 3,557 $ 87,678 $ 40,593 (*) Includes Europe, the Middle East (excluding Israel) and Africa.

SELECTED STATEMENTS OF INCOME43

SELECTED STATEMENTS OF INCOME DATA (Tables)	12 Months Ended
	Dec. 31, 2016
Income Statement Related Disclosures [Abstract]
Schedule of Research and Development Costs, Net	Research and development expenses, net: Year ended December 31, 2016 2015 2014 Total costs $ 151,698 $ 132,039 $ 125,952 Less - grants and participations (1,668 ) (2,174 ) (2,455 ) Less - capitalization of software development costs (8,502 ) (1,380 ) (356 ) $ 141,528 $ 128,485 $ 123,141
Schedule of Financial Income and Other, Net	Financial income and other, net: Year ended December 31, 2016 2015 2014 Financial income: Interest and amortization/accretion of premium/discount on marketable securities $ 5,607 $ 6,844 $ 5,268 Exchange rates differences 3,961 - - Realized gain on marketable securities 3,388 32 16 Interest 953 430 349 13,909 7,306 5,633 Financial expenses: Interest (2,199 ) (66 ) (73 ) Exchange rates differences - (731 ) (685 ) Other (925 ) (780 ) (1,107 ) (3,124 ) (1,577 ) (1,865 ) Other expenses, net (480 ) (425 ) (3 ) $ 10,305 $ 5,304 $ 3,765
Schedule of Computation of Net Earnings Per Share	The following table sets forth the computation of basic and diluted net earnings per share: 1. Numerator: Year ended December 31, 2016 2015 2014 Net income from continuing operations available to ordinary shareholders $ 123,069 $ 140,578 $ 100,150 Net income from discontinued operations available to ordinary shareholders (6,149 ) 118,253 2,925 Net income to ordinary shareholders $ 116,920 $ 258,831 $ 103,075 2. Denominator (in thousands): Year ended December 31, 2016 2015 2014 Denominator for basic net earnings per share - Weighted average number of shares 59,667 59,552 59,362 Effect of dilutive securities: Add - employee stock options and RSU 1,368 1,729 1,533 Denominator for diluted net earnings per share - adjusted weighted average shares 61,035 61,281 60,895

GENERAL (Narrative) (Details)

GENERAL (Narrative) (Details) - USD ($) $ in Thousands		Nov. 14, 2016	Mar. 11, 2016	Mar. 22, 2016	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Sep. 18, 2015	Jul. 01, 2015
Business Acquisition [Line Items]
Goodwill from acquisitions	[1]					$ 651,892
Acquisition costs						9,348
Net operating losses carryforward					$ 86,490	86,490	$ 16,809
Note receivable							5,224
Depreciation expense						0	724	$ 1,058
Amortization expense						$ 0	4,362	$ 1,804
Cyber and Intelligence operation [Member]
Business Acquisition [Line Items]
Total consideration of sale										$ 151,583
Cash in sale										111,583
Earn out based on future business performance										$ 40,000
Capital gain							101,847
Physical Security operation [Member]
Business Acquisition [Line Items]
Total consideration of sale									$ 92,475
Cash in sale									74,551
Note receivable									2,924
Earn out based on future business performance									15,000
Capital gain							$ 45,487
Amount of goodwill									$ 35,554
inContact [Member]
Business Acquisition [Line Items]
Goodwill from acquisitions		$ 559,372
Consideration transferred in acquisition		1,050,054
Conversion of inContact Notes		139,438
Cash out options and Restricted shares		$ 25,366
Dividend yield		0.00%
Percentage of consolidated total assets constituted by acquired entity					4.00%	4.00%
Percentage of consolidated net income constituted by acquired entity from acquisition date					1.20%
inContact [Member] | Minimum [Member]
Business Acquisition [Line Items]
Expected life		12 months
Risk-free interest rate		0.58%
Expected volatility		50.94%
inContact [Member] | Maximum [Member]
Business Acquisition [Line Items]
Expected life		74 months
Risk-free interest rate		1.22%
Expected volatility		62.31%
Nexidia [Member]
Business Acquisition [Line Items]
Consideration transferred in acquisition				$ 135,150
Voiceprint International, Inc [Member]
Business Acquisition [Line Items]
Goodwill from acquisitions			$ 16,873
Customer relationships			8,500
Consideration transferred in acquisition			$ 21,720
Expected life			6 years
[1]	including a goodwill balance of $559,372 related to the acquisition of inContact.

GENERAL (Schedule of Fair Value

GENERAL (Schedule of Fair Values of the Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Nov. 14, 2016	Mar. 22, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Other receivables and prepaid expenses	$ 3,734			$ 3,893
Goodwill	1,284,710			651,112	$ 659,657
Accrued expenses and other liabilities	$ (3,077)			$ (12,698)
inContact [Member]
Business Acquisition [Line Items]
Cash		$ 37,136
Short term investments		26,714
Trade receivables		40,667
Other receivables and prepaid expenses		10,235
Property and equipment		28,554
Identified intangibles		538,000
Goodwill		559,372
Total assets acquired		1,240,678
Trade payables		(16,337)
Accrued expenses and other liabilities		(22,802)
Deferred revenue		(3,967)
Deferred tax liabilities, net		(147,518)
Total liabilities assumed		(190,624)
Net assets acquired		$ 1,050,054
Nexidia [Member]
Business Acquisition [Line Items]
Cash			$ 1,879
Trade receivables			8,300
Other receivables and prepaid expenses			4,892
Property and equipment			2,774
Identified intangibles			63,400
Goodwill			75,647
Total assets acquired			156,892
Trade payables			(1,556)
Accrued expenses and other liabilities			(6,371)
Deferred revenue			(9,341)
Deferred tax liabilities, net			(4,474)
Total liabilities assumed			(21,742)
Net assets acquired			$ 135,150

GENERAL (Schedule of Components

GENERAL (Schedule of Components of the Purchase Consideration Transferred) (Details) - USD ($) $ in Thousands		Nov. 14, 2016	Mar. 22, 2016
inContact [Member]
Business Acquisition [Line Items]
Cash	[1]	$ 1,039,028
Assumed options and restricted shares	[2]	11,026
Total purchase consideration		$ 1,050,054
Nexidia [Member]
Business Acquisition [Line Items]
Cash			$ 134,501
Assumed options and restricted shares			649
Total purchase consideration			$ 135,150
[1]	Includes cash consideration for the redemption of inContact's convertible bonds in an amount of $139,438 and for inContact's outstanding vested options and restricted shares as of acquisition date which were cancelled and converted into an amount of $25,366 in cash.
[2]	Pursuant to the merger agreement, all outstanding unvested inContact RSUs, options and restricted shares were cancelled and replaced with RSUs with ADSs to be received upon settlement, options to acquire ADSs and restricted ADSs, respectively with the same terms and conditions. Of the total estimated fair value of the replacement award, a portion was allocated to the purchase consideration and the remainder was allocated to future services and will be expensed over the remaining service period on an accelerated basis as a share-based compensation. The fair value of replacement award was determined using a Black-Scholes-Merton valuation model with thefollowing assumptions: expected life of 12-74 months, risk-free interest rate of 0.58%-1.22%, expected volatility of 50.94%-62.31% and no dividend yield.

GENERAL (Schedule of Acquired I

GENERAL (Schedule of Acquired Intangible Assets) (inContact) (Details) - USD ($) $ in Thousands	Nov. 14, 2016	Mar. 22, 2016
inContact [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 538,000
inContact [Member] | Trademarks [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 36,400
inContact [Member] | Trademarks [Member] | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Estimated useful life	2 years
inContact [Member] | Trademarks [Member] | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Estimated useful life	8 years
inContact [Member] | Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 353,700
inContact [Member] | Technology [Member] | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Estimated useful life	4 years
inContact [Member] | Technology [Member] | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Estimated useful life	8 years
inContact [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 147,900
inContact [Member] | Customer Relationships [Member] | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Estimated useful life	5 years
inContact [Member] | Customer Relationships [Member] | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Estimated useful life	7 years
Nexidia [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 63,400
Nexidia [Member] | Trademarks [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 7,500
Intangible Estimated useful life		12 years
Nexidia [Member] | Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 17,400
Intangible Estimated useful life		5 years
Nexidia [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 27,600
Intangible Estimated useful life		6 years
Nexidia [Member] | Customer backlog [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 10,900
Intangible Estimated useful life		1 year

GENERAL (Schedule of Pro Forma

GENERAL (Schedule of Pro Forma Financial Information) (Details) - inContact [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Revenue	$ 1,237,329	$ 1,142,018
Net income	$ 31,195	$ 139,123

GENERAL (Schedule of Results of

GENERAL (Schedule of Results of the Discontinued Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2014
GENERAL [Abstract]
Revenue		$ 68,672	[1]	$ 139,644
Cost of sales		26,956	[1]	72,073
Operating expenses	850	36,307	[1]	62,041
Operating income (Loss)	(850)	5,409	[1]	5,530
Other income (expenses), net	1,763	(284)		(565)
Gain (loss) on disposal of the discontinued operations	(9,148)	147,334	[1]
Income (loss) before taxes on income	(8,235)	152,459	[1]	4,965
Taxes on income (tax benefit)	(2,086)	34,206		2,040
Net income (loss) on discontinued operations	$ (6,149)	$ 118,253	[1]	$ 2,925
[1]	Represent the results of the discontinued operations until their disposal.

GENERAL (Schedule of Assets and

GENERAL (Schedule of Assets and Liabilities Discontinued Operations) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
GENERAL [Abstract]
Trade receivables		$ 5,224
Prepaid expenses and other current assets	3,734	3,893
Other classes of assets		25
Total assets of discontinued operations	3,734	9,142
Accrued expenses and other liabilities	3,077	12,698
Other classes of liabilities		2,455
Total liabilities of discontinued operations	$ 3,077	$ 15,153

SIGNIFICANT ACCOUNTING POLICI51

SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jan. 02, 2017
Accounting Policies [Abstract]
Cash equivalents maturities, months	3 months
Impairment charge	$ 0	$ 0	$ 0
Severance pay expense	9,970,000	8,936,000	11,229,000
Employee contribution amount, max per year	18,000	18,000	17,500
Employees over 50 years of age maximum annual contribution per year	$ 24,000	24,000	23,000
Employee contribution percentage, minimum	6.00%
Employee contribution percentage, maximum	8.00%
Employer percent of match	50.00%
Expense for matching contributions	$ 3,930,000	$ 4,310,000	$ 3,922,000
Weighted average number of shares related to outstanding anti-dilutive options	398,544	561,621	734,100
Advertising expenses	$ 9,693,000	$ 7,986,000	$ 7,827,000
Subsequent Event [Member] | Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Amount of cumulative-effect adjustment to retained earnings				$ 6,000,000

SIGNIFICANT ACCOUNTING POLICI52

SIGNIFICANT ACCOUNTING POLICIES (Schedule of Property and Equipment Depreciation Rates) (Details)	12 Months Ended
	Dec. 31, 2016
Computers and Peripheral Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment depreciation rate	20.00%
Computers and Peripheral Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment depreciation rate	33.00%
Office Furniture and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment depreciation rate	7.00%
Office Furniture and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment depreciation rate	20.00%
Internal use software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment depreciation rate	33.00%

SIGNIFICANT ACCOUNTING POLICI53

SIGNIFICANT ACCOUNTING POLICIES (Schedule of Other Intangible Assets Depreciation Rates) (Details)	12 Months Ended
	Dec. 31, 2016
Core Technology [Member]
Property, Plant and Equipment [Line Items]
Other intangible assets amortization rate	13.00%
Customer Relationships [Member]
Property, Plant and Equipment [Line Items]
Other intangible assets amortization rate	16.00%
Trademark [Member]
Property, Plant and Equipment [Line Items]
Other intangible assets amortization rate	12.00%
Customer backlog [Member]
Property, Plant and Equipment [Line Items]
Other intangible assets amortization rate	100.00%

SIGNIFICANT ACCOUNTING POLICI54

SIGNIFICANT ACCOUNTING POLICIES (Schedule of Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (24,205)	$ (10,546)
Other comprehensive income (loss) before reclassifications	(19,099)	(17,637)
Amounts reclassified from accumulated other comprehensive income	(3,520)	3,978
Net current-period other comprehensive income (loss)	(22,619)	(13,659)	$ (22,947)
Ending balance	(46,824)	(24,205)	(10,546)
Unrealized gains (losses) on marketable securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,930)	183
Other comprehensive income (loss) before reclassifications	5,102	(2,081)
Amounts reclassified from accumulated other comprehensive income	(3,388)	(32)
Net current-period other comprehensive income (loss)	1,714	(2,113)
Ending balance	(216)	(1,930)	183
Unrealized gains (losses) on cash flow hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(569)	(3,625)
Other comprehensive income (loss) before reclassifications	600	(954)
Amounts reclassified from accumulated other comprehensive income	(132)	4,010
Net current-period other comprehensive income (loss)	468	3,056
Ending balance	(101)	(569)	(3,625)
Foreign currency translation adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(21,706)	(7,104)
Other comprehensive income (loss) before reclassifications	(24,801)	(14,602)
Amounts reclassified from accumulated other comprehensive income
Net current-period other comprehensive income (loss)	(24,801)	(14,602)
Ending balance	$ (46,508)	$ (21,706)	$ (7,104)

SHORT-TERM AND LONG-TERM INVE55

SHORT-TERM AND LONG-TERM INVESTMENTS (Narrative) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Short-term And Long-term Investments Narrative Details
Marketable securities	$ 129,013	$ 462,298
Short-term bank deposits	$ 0	$ 40,146

SHORT-TERM AND LONG-TERM INVE56

SHORT-TERM AND LONG-TERM INVESTMENTS (Summary of Amortized Costs, Gross Unrealized Gains and Losses and Estimated Fair Values of Available-For-Sale Marketable Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 129,343	$ 464,565
Gross unrealized gains	91	270
Gross unrealized losses	421	2,537
Estimated fair value, total	129,013	462,298
Fair Value Inputs Level 2 [Member] | Corporate debentures [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	122,335	452,556
Gross unrealized gains	91	267
Gross unrealized losses	225	2,338
Estimated fair value, total	122,201	450,485
Fair Value Inputs Level 2 [Member] | U.S. agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		4,999
Gross unrealized gains		3
Gross unrealized losses		2
Estimated fair value, total		5,000
Fair Value Inputs Level 2 [Member] | U.S. treasuries [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	7,008	7,010
Gross unrealized gains
Gross unrealized losses	196	197
Estimated fair value, total	$ 6,812	$ 6,813

SHORT-TERM AND LONG-TERM INVE57

SHORT-TERM AND LONG-TERM INVESTMENTS (Scheduled Maturities of Available-For-Sale Marketable Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Amortized cost, due within one year	$ 30,292
Amortized cost, due after one year through five years	99,051
Amortized cost, total	129,343
Estimated fair value, due within one year	30,287
Estimated fair value, due after one year through five years	98,726
Estimated fair value, total	$ 129,013	$ 462,298

SHORT-TERM AND LONG-TERM INVE58

SHORT-TERM AND LONG-TERM INVESTMENTS (Summary of Continuous Unrealized Losses and Fair Values) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Fair value, less than 12 months	$ 19,444	$ 244,542
Fair value,12 months or greater	63,611	120,394
Fair value, Total	83,055	364,936
Unrealized losses, less than 12 months	(137)	(1,753)
Unrealized losses, 12 months or greater	(284)	(784)
Unrealized losses, Total	(421)	(2,537)
Corporate debentures [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair value, less than 12 months	19,444	242,545
Fair value,12 months or greater	56,799	113,581
Fair value, Total	76,243	356,126
Unrealized losses, less than 12 months	(137)	(1,750)
Unrealized losses, 12 months or greater	(88)	(588)
Unrealized losses, Total	(225)	(2,338)
U.S. treasuries [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair value, less than 12 months
Fair value,12 months or greater	6,812	6,813
Fair value, Total	6,812	6,813
Unrealized losses, less than 12 months
Unrealized losses, 12 months or greater	(196)	(196)
Unrealized losses, Total	$ (196)	(196)
U.S. agencies [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair value, less than 12 months		1,997
Fair value,12 months or greater
Fair value, Total		1,997
Unrealized losses, less than 12 months		(3)
Unrealized losses, 12 months or greater
Unrealized losses, Total		$ (3)

PREPAID EXPENSES AND OTHER CU59

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Schedule of Other Receivables and Prepaid Expenses) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Prepaid Expense and Other Assets [Abstract]
Government authorities	$ 23,312	$ 21,821
Interest receivable	804	2,597
Prepaid expenses	24,863	11,157
Inventories	4,716	6,198
Other	4,271	1,788
Prepaid expenses and other current assets	$ 57,966	$ 43,561

OTHER LONG-TERM ASSETS (Schedul

OTHER LONG-TERM ASSETS (Schedule of Other Long-Term Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Other Assets, Noncurrent Disclosure [Abstract]
Severance pay fund	$ 14,701	$ 15,857
Long-term deposits	3,000	1,318
Investments in affiliate	1,000
Other long-term assets	$ 18,701	$ 17,175

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment gross	$ 254,175	$ 157,349
Accumulated depreciation	166,497	116,756
Depreciated cost	87,678	40,593
Depreciation expense	18,422	15,575	$ 17,688
Equipment and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Reduction in costs	10,941	9,615
Reduction in accumulated depreciation	10,941	9,615
Computers and Peripheral Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	181,738	118,326
Accumulated depreciation	139,066	95,056
Internal use software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	9,882	1,380
Office Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	13,982	8,537
Accumulated depreciation	7,847	6,372
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	48,573	29,106
Accumulated depreciation	$ 19,584	$ 15,328

OTHER INTANGIBLE ASSETS, NET (N

OTHER INTANGIBLE ASSETS, NET (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 17,187	$ 12,528	$ 19,157
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense	58,968	40,055	$ 50,738
Reduction to original amounts of intangible assets	$ 9,677	$ 9,981

OTHER INTANGIBLE ASSETS, NET (S

OTHER INTANGIBLE ASSETS, NET (Schedule of Definite-Lived Other Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Original amounts	$ 1,051,457	$ 458,903
Accumulated amortization	432,722	390,701
Other intangible assets, net	618,735	68,202
Core Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Original amounts	623,274	263,883
Accumulated amortization	238,898	216,586
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Original amounts	372,438	182,768
Accumulated amortization	181,123	161,863
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Original amounts	55,745	12,252
Accumulated amortization	$ 12,701	$ 12,252

OTHER INTANGIBLE ASSETS, NET 64

OTHER INTANGIBLE ASSETS, NET (Schedule of Estimated Amortization Expense) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2,017	$ 114,377
2,018	93,357
2,019	90,687
2,020	86,680
2021 and thereafter	233,634
Estimated amortization expense	$ 618,735

GOODWILL (Schedule of Goodwill)

GOODWILL (Schedule of Goodwill) (Details) - USD ($) $ in Thousands		Nov. 14, 2016	Dec. 31, 2016	Dec. 31, 2015
Goodwill [Line Items]
Beginning balance, as of January 1			$ 651,112	$ 659,657
Acquisitions	[1]		651,892
Functional currency translation adjustments			(18,294)	(8,545)
Ending balance, as of December 31			1,284,710	651,112
inContact [Member]
Goodwill [Line Items]
Acquisitions		$ 559,372
Ending balance, as of December 31		$ 559,372
Customer Engagement [Member]
Goodwill [Line Items]
Beginning balance, as of January 1			384,808	392,228
Acquisitions	[1]		651,892
Functional currency translation adjustments			(14,502)	(7,420)
Ending balance, as of December 31			1,022,198	384,808
Financial Crime and Compliance [Member]
Goodwill [Line Items]
Beginning balance, as of January 1			266,304	267,429
Acquisitions	[1]
Functional currency translation adjustments			(3,792)	(1,125)
Ending balance, as of December 31			$ 262,512	$ 266,304
[1]	including a goodwill balance of $559,372 related to the acquisition of inContact.

ACCRUED EXPENSES AND OTHER LI66

ACCRUED EXPENSES AND OTHER LIABILITIES (Components of Accrued Expenses and Other Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Employees and payroll accruals	$ 118,599	$ 109,995
Accrued expenses	86,236	61,958
Government authorities	67,218	50,001
Other	1,081	1,301
Accrued expenses and other liabilities	$ 273,134	$ 223,255

DERIVATIVE INSTRUMENTS (Schedul

DERIVATIVE INSTRUMENTS (Schedule of Derivative Instruments in Statement of Financial Position, Fair Value) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Derivative [Line Items]
Notional amount	$ 110,149	$ 115,018
Fair value	(91)	(565)
Option Contracts To Hedge Payroll Expenses ILS [Member] | Fair Value Inputs Level 2 [Member]
Derivative [Line Items]
Notional amount	43,600	110,000
Fair value	107	(566)
Option Contracts To Hedge Payroll Expenses INR [Member] | Fair Value Inputs Level 2 [Member]
Derivative [Line Items]
Notional amount	12,000
Fair value	4
Option Contracts to Hedge Facilities Expenses ILS [Member] | Fair Value Inputs Level 2 [Member]
Derivative [Line Items]
Notional amount		5,018
Fair value		1
Forward Contracts to Hedge Payroll Expenses ILS [Member] | Fair Value Inputs Level 2 [Member]
Derivative [Line Items]
Notional amount	52,000
Fair value	(212)
Forward Contracts to Hedge Facility Expenses ILS [Member] | Fair Value Inputs Level 2 [Member]
Derivative [Line Items]
Notional amount	2,549
Fair value	$ 10

DERIVATIVE INSTRUMENTS (Sched68

DERIVATIVE INSTRUMENTS (Schedule of Outstanding Derivative Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Other Receivables And Prepaid Expenses [Member] | Foreign Exchange Option Contracts [Member]
Derivative [Line Items]
Derivative assets	$ 111	$ 1
Other Receivables And Prepaid Expenses [Member] | Foreign Exchange Forward Contracts [Member]
Derivative [Line Items]
Derivative assets	10
Accrued Expenses And Other Liabilities [Member] | Foreign Exchange Option Contracts [Member]
Derivative [Line Items]
Derivative liabilities		(566)
Accrued Expenses And Other Liabilities [Member] | Foreign Exchange Forward Contracts [Member]
Derivative [Line Items]
Derivative liabilities	$ (212)

DERIVATIVE INSTRUMENTS (Effect

DERIVATIVE INSTRUMENTS (Effect of Derivative Instruments in Cash Flow Hedging Relationship on Income and Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative [Line Items]
Amount of gain (loss) recognized in OCI on derivative (effective portion)	$ (600)	$ 954	$ 6,770
Amount of gain (loss) reclassified from OCI into income (expenses) (effective portion)	(132)	4,010	1,552
Foreign Exchange Forward Contracts [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in OCI on derivative (effective portion)	202
Foreign Exchange Option Contracts [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in OCI on derivative (effective portion)	(802)	954	6,770
Foreign Exchange Option Contracts [Member] | Cost Of Revenues And Operating Expenses [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from OCI into income (expenses) (effective portion)	$ (132)	$ 4,010	$ 1,552

COMMITMENTS AND CONTINGENT LI70

COMMITMENTS AND CONTINGENT LIABILITIES (Lease Commitments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Lease commitments:
Rent expenses	$ 23,669	$ 15,880	$ 18,594
Minimum payment under operating leases upon cancellation	654
Lease expense related to motor vehicles lease contracts	2,747	$ 5,103	$ 3,774
2,017	22,340
2,018	20,670
2,019	18,167
2,020	17,350
2,021	14,612
2022 and thereafter	46,840
Operating leases, future minimum payments	139,979
Office Space, Hoboken, NJ [Member]
Lease commitments:
Rent expenses	$ 6,457

COMMITMENTS AND CONTINGENT LI71

COMMITMENTS AND CONTINGENT LIABILITIES (Other Commitments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Agreements With Suppliers To Purchase Licenses And Hosting Services [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Non-cancelable obligations	$ 22,207	$ 18,148

COMMITMENTS AND CONTINGENT LI72

COMMITMENTS AND CONTINGENT LIABILITIES (Legal Proceedings) (Details) - inContact [Member] $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Loss Contingencies [Line Items]
Damages sought in litigation matter	$ 20
Amended damages sought in litigation matter	14.4
Portion of amended damages sought relating to pre-judgement interest	5
Latest monetary value sought in litigation matter	$ 9.2

TAXES ON INCOME (Narrative) (De

TAXES ON INCOME (Narrative) (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2013USD ($)	Dec. 31, 2016USD ($)Integer	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Taxes on Income [Line Items]
Tax rate		25.00%	26.50%	26.50%
Effective tax rate		14.80%	18.00%	9.00%
Income tax expense	$ 19,200	$ 21,412	$ 30,832	$ 9,909
Income taxes paid	$ 32,000	26,837	$ 53,646	$ 32,854
Tax loss carry-forwards		273,100
Tax loss carry-forwards that have no expiration date		66,200
Accrued interest related to income tax uncertainties		$ 206
Tax Year 2010 [Member] | Israel Tax Authority [Member]
Taxes on Income [Line Items]
Settlement of tax year under examination		2,011
Earliest Tax Year [Member]
Taxes on Income [Line Items]
Operating loss carry-forwards expiration date		Dec. 31, 2017
Latest Tax Year [Member]
Taxes on Income [Line Items]
Operating loss carry-forwards expiration date		Dec. 31, 2036
Tax Year 2013 [Member] | Israel Tax Authority [Member]
Taxes on Income [Line Items]
Year under examination		2,013
Settlement of tax year under examination		2,016
Tax Year 2015 [Member] | Israel Tax Authority [Member]
Taxes on Income [Line Items]
Year under examination		2,015
United Kingdom [Member]
Taxes on Income [Line Items]
Tax rate		20.00%
United States [Member]
Taxes on Income [Line Items]
Tax rate		39.00%
Minimum [Member] | Other Income Tax Authority [Member]
Taxes on Income [Line Items]
Year subject to audit		2,011
Minimum [Member] | United States [Member] | U.S. Federal [Member]
Taxes on Income [Line Items]
Year subject to audit		2,013
Maximum [Member] | Other Income Tax Authority [Member]
Taxes on Income [Line Items]
Year subject to audit		2,016
Maximum [Member] | United States [Member] | U.S. Federal [Member]
Taxes on Income [Line Items]
Year subject to audit		2,016
Encouragement of Industry [Member]
Taxes on Income [Line Items]
Number of annual installments for dedcution of public offering expenses | Integer		3
Amortization period of purchased know-how and patents		8 years
Non-Israeli Subsidiaries [Member]
Taxes on Income [Line Items]
Undistributed earnings		$ 333,500
Unrecognized deferred tax liability		$ 55,767
From 2014 through 2016 [Member] | The election [Member]
Taxes on Income [Line Items]
Tax rate		16.00%
2017 and thereafter [Member] | The election [Member]
Taxes on Income [Line Items]
Tax rate		12.00%
2017 [Member] | Income not eligible for Preferred Enterprise benefits [Member]
Taxes on Income [Line Items]
Tax rate		24.00%
2018 and thereafter [Member] | Income not eligible for Preferred Enterprise benefits [Member]
Taxes on Income [Line Items]
Tax rate		23.00%
2012 [Member] | Minimum [Member]
Taxes on Income [Line Items]
Tax rate		15.00%
2012 [Member] | Maximum [Member]
Taxes on Income [Line Items]
Tax rate		20.00%

TAXES ON INCOME (Schedule of De

TAXES ON INCOME (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Net operating losses carryforward and tax credits	$ 86,490	$ 16,809
Share based payments	17,299	8,958
Research and development costs	4,246	3,562
Reserves, allowances and other	4,260	5,574
Deferred tax assets before valuation allowance	112,295	34,903
Valuation allowance	(8,839)	(7,347)
Deferred tax assets	103,456	27,556
Deferred tax liabilities:
Acquired intangibles	(231,645)	(28,164)
Acquired deferred revenue	(4,670)	(302)
Deferred tax liabilities	(236,315)	(28,466)
Deferred tax liabilities, net	(132,859)	(910)
Deferred tax assets	14,093	14,130
Deferred tax liabilities	$ (146,952)	$ (15,040)

TAXES ON INCOME (Schedule of Ef

TAXES ON INCOME (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Taxes on Income [Line Items]
Income before taxes on income, as reported in the consolidated statements of income	$ 144,481	$ 171,410	$ 110,059
Statutory tax rate in Israel	25.00%	26.50%	26.50%
Preferred Enterprise benefits	8.90%	(6.10%)	(4.10%)
Changes in valuation allowance	1.00%	(0.40%)	(2.20%)
Earnings taxed under foreign law	(7.70%)	(4.00%)	(4.80%)
Tax settlements and other adjustments	5.80%	1.10%	(7.00%)
Other	0.40%	0.90%	0.60%
Effective tax rate	14.80%	18.00%	9.00%
Basic	$ 1.96	$ 4.35	$ 1.74
Diluted	1.92	4.22	1.69
Approved, Privileged and Preferred Enterprise [Member]
Taxes on Income [Line Items]
Basic	0.22	0.18	0.08
Diluted	$ 0.21	$ 0.17	$ 0.07

TAXES ON INCOME (Schedule of In

TAXES ON INCOME (Schedule of Income before Income Tax, Domestic And Foreign) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Taxes on Income [Line Items]
Income before taxes on income	$ 144,481	$ 171,410	$ 110,059
Domestic Country [Member]
Taxes on Income [Line Items]
Income before taxes on income	131,111	122,952	67,192
Foreign Country [Member]
Taxes on Income [Line Items]
Income before taxes on income	$ 13,370	$ 48,458	$ 42,867

TAXES ON INCOME (Schedule of Ta

TAXES ON INCOME (Schedule of Taxes on Income) (Current and Deferred) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Taxes on Income [Line Items]
Current		$ 47,318	$ 23,978	$ 37,694
Deferred		(25,906)	6,854	(27,785)
Taxes on income	$ 19,200	21,412	30,832	9,909
Domestic Country [Member]
Taxes on Income [Line Items]
Current		27,932	14,860	16,351
Deferred		165	9,952	(14,014)
Taxes on income		28,097	24,812	2,337
Foreign Country [Member]
Taxes on Income [Line Items]
Current		19,386	9,118	21,343
Deferred		(26,071)	(3,098)	(13,771)
Taxes on income		$ (6,685)	$ 6,020	$ 7,572

TAXES ON INCOME (Schedule of 78

TAXES ON INCOME (Schedule of Taxes on Income) (Domestic and Foreign) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Domestic		$ 28,097	$ 24,812	$ 2,337
Foreign		(6,685)	6,020	7,572
Taxes on income	$ 19,200	$ 21,412	$ 30,832	$ 9,909

TAXES ON INCOME (Reconciliation

TAXES ON INCOME (Reconciliation of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Uncertain tax positions, beginning of year	$ 18,236	$ 18,561
Increases in tax positions for prior years	2,147	110
Increases in tax positions for current year	9,926	5,085
Settlements	(1,331)	(2,173)
Expiry of the statute of limitations	(2,319)	(3,347)
Uncertain tax positions, end of year	$ 26,659	$ 18,236

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) $ / shares in Units, $ in Thousands

Mar. 15, 2017$ / shares

Dec. 31, 2016USD ($)$ / sharesshares

Dec. 31, 2015USD ($)$ / shares

Dec. 31, 2014USD ($)$ / sharesshares

Jan. 10, 2017USD ($)

Dec. 31, 2016₪ / shares

Dec. 31, 2015₪ / shares

Jun. 01, 2015USD ($)

Feb. 04, 2014USD ($)

Dec. 31, 2013USD ($)

Oct. 31, 2012USD ($)

Nov. 02, 2011USD ($)

Feb. 15, 2011USD ($)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Unrecognized compensation expense related to non-vested stock options and restricted stock awards

$ 89,679

Unrecognized compensation expense related to non-vested stock options and restricted stock awards, expected to be recognized, years

4 years

Cash dividend paid, per share | $ / shares

$ 0.64

$ 0.64

$ 0.64

Ordinary shares, par value | ₪ / shares

₪ 1

₪ 1

Subsequent Event [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock repurchase program, authorized amount

$ 150,000

Cash dividend paid, per share | $ / shares

$ 0.16

Treasury shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock repurchase program, authorized amount

$ 500,000

Maximum [Member] | Treasury shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock repurchase program, authorized amount

$ 100,000

$ 100,000

$ 100,000

$ 100,000

$ 100,000

Maximum [Member] | Treasury shares [Member] | Subsequent Event [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock repurchase program, authorized amount

$ 150,000

American Depositary Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Ordinary shares, par value | ₪ / shares

₪ 1

Stock Compensation Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares purchased by employees | shares

11,196

Average price of shares purchased by employees | $ / shares

$ 38.91

Price of options, as a percent of fair market value of ordinary shares

95.00%

Stock Compensation Plan [Member] | Minimum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of employee earnings permitted to purchase oridnary shares

2.00%

Stock Compensation Plan [Member] | Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of employee earnings permitted to purchase oridnary shares

10.00%

Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted-average grant-date fair value, options granted | $ / shares

$ 51.64

$ 32.58

$ 19.69

Total intrinsic value, options exercised

$ 35,664

$ 40,519

$ 35,028

Options and resticted share granted | shares

450,288

2016 Stock Option Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of stock options exercisable after one year from grant date

25.00%

Percentage of stock options exercisable, quarterly

6.25%

Stock options expiration period

6 years

Stock options vesting period in years

3 years

Percentage of restricted share units that vest annually

25.00%

Percentage of entity's issued and outstanding share capital used to determine maximum number of shares subject to awards granted

3.50%

Price of options, as a percent of fair market value of ordinary shares

1.58%

Options and resticted share granted | shares

1,144,953

2008 Stock Option Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of stock options exercisable after one year from grant date

25.00%

Percentage of stock options exercisable, quarterly

6.25%

Stock options expiration period

6 years

Stock options vesting period in years

3 years

Percentage of restricted share units that vest annually

25.00%

Percentage of entity's issued and outstanding share capital used to determine maximum number of shares subject to awards granted

3.50%

SHAREHOLDERS' EQUITY (Schedule

SHAREHOLDERS' EQUITY (Schedule of Option Fair Value Assumptions) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	22.13%	23.02%	27.47%
Expected volatility, maximum	62.31%	27.55%	28.08%
Weighted average volatility	32.67%	25.17%	27.72%
Risk free interest rate, minimum	0.58%	0.76%	0.80%
Risk free interest rate, maximum	2.04%	1.18%	1.20%
Expected term (in years)	3 years 6 months	3 years 6 months	3 years 4 months 24 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend	0.00%	0.00%	0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend	1.00%	1.29%	1.61%

SHAREHOLDERS' EQUITY (Schedul82

SHAREHOLDERS' EQUITY (Schedule of Stock Option Activity) (Details) - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Number of options
Outstanding at January 1, 2016	2,751,584
Granted	450,288
Assumed	265,223
Exercised	(920,660)
Forfeited	(229,780)
Cancelled	(42,991)
Outstanding at December 31, 2016	2,273,664	2,751,584
Exercisable	745,147
Weighted average exercise price
Outstanding at January 1, 2016	$ 24.59
Granted	10.69
Assumed	38.96
Exercised	25.59
Forfeited	17.35
Cancelled	24.42
Outstanding at December 31, 2016	23.61	$ 24.59
Exercisable	$ 28.10
Weighted-average remaining contractual term (in years)
Outstanding at December 31	4 years 5 months 16 days	4 years 2 months 9 days
Exercisable	3 years 2 months 1 day
Aggregate intrinsic value
Outstanding at January 1, 2016	$ 90,058
Outstanding at December 31, 2016	102,652	$ 90,058
Exercisable	$ 30,295

SHAREHOLDERS' EQUITY (Schedul83

SHAREHOLDERS' EQUITY (Schedule of Options Outstanding by Exercise Price Range) (Details)	12 Months Ended
	Dec. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding as of December 31, 2016 | shares	2,273,664
Weighted Average Remaining Contractual Life (years)	4 years 5 months 16 days
Weighted average exercise price	$ 23.61
Options exercisable as of December 31, 2016 | shares	745,147
Weighted average exercise price of options exercisable	$ 28.10
0.26 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding as of December 31, 2016 | shares	1,033,833
Weighted Average Remaining Contractual Life (years)	4 years 4 months 13 days
Weighted average exercise price	$ 0.26
Options exercisable as of December 31, 2016 | shares	245,658
Weighted average exercise price of options exercisable	$ 0.26
0.69 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding as of December 31, 2016 | shares	2,204
Weighted Average Remaining Contractual Life (years)	2 years 11 months 1 day
Weighted average exercise price	$ 0.69
Options exercisable as of December 31, 2016 | shares	2,204
Weighted average exercise price of options exercisable	$ 0.69
6.72-10.05 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding as of December 31, 2016 | shares	11,716
Weighted Average Remaining Contractual Life (years)	7 years 4 months 6 days
Weighted average exercise price	$ 7.09
Options exercisable as of December 31, 2016 | shares	5,912
Weighted average exercise price of options exercisable	$ 7.31
Range of exercise price, lower	6.72
Range of exercise price, upper	$ 10.05
11.40-15.32 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding as of December 31, 2016 | shares	10,415
Weighted Average Remaining Contractual Life (years)	2 years 22 days
Weighted average exercise price	$ 13.93
Options exercisable as of December 31, 2016 | shares	10,415
Weighted average exercise price of options exercisable	$ 13.93
Range of exercise price, lower	11.40
Range of exercise price, upper	$ 15.32
17.72-17.72 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding as of December 31, 2016 | shares	1,337
Weighted Average Remaining Contractual Life (years)	4 years 2 months 27 days
Weighted average exercise price	$ 17.72
Options exercisable as of December 31, 2016 | shares	1,337
Weighted average exercise price of options exercisable	$ 17.72
Range of exercise price, lower	17.72
Range of exercise price, upper	$ 17.72
27.57-40.87 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding as of December 31, 2016 | shares	682,460
Weighted Average Remaining Contractual Life (years)	3 years 11 months 19 days
Weighted average exercise price	$ 37.49
Options exercisable as of December 31, 2016 | shares	325,344
Weighted average exercise price of options exercisable	$ 35.93
Range of exercise price, lower	27.57
Range of exercise price, upper	$ 40.87
41.44-57.26 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding as of December 31, 2016 | shares	398,669
Weighted Average Remaining Contractual Life (years)	5 years 4 months 6 days
Weighted average exercise price	$ 47.60
Options exercisable as of December 31, 2016 | shares	64,277
Weighted average exercise price of options exercisable	$ 49.28
Range of exercise price, lower	41.44
Range of exercise price, upper	$ 57.26
64.06-67.10 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding as of December 31, 2016 | shares	133,030
Weighted Average Remaining Contractual Life (years)	5 years 11 days
Weighted average exercise price	$ 64.66
Options exercisable as of December 31, 2016 | shares	90,000
Weighted average exercise price of options exercisable	$ 64.53
Range of exercise price, lower	64.06
Range of exercise price, upper	$ 67.10

SHAREHOLDERS' EQUITY (Summary o

SHAREHOLDERS' EQUITY (Summary of Restricted Stock Units Activity) (Details) - 12 months ended Dec. 31, 2016 - Restricted Stock Awards And Restricted Stock Units [Member]		$ / sharesshares	₪ / shares
Number of RSU and RSA
Outstanding at January 1, 2016	[1]	753,205
Granted	[1]	868,375
Assumed	[1]	231,374
Vested	[1]	(244,907)
Forfeited	[1]	(109,404)
Outstanding at December 31, 2016	[1]	1,498,643
Par value NIS | ₪ / shares			₪ 1
Par value USD | $ / shares		$ 0.26
[1]	NIS 1 par value which represents approximately $0.26

SHAREHOLDERS' EQUITY (Schedul85

SHAREHOLDERS' EQUITY (Schedule of Equity-Based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expenses	$ 40,547	$ 27,660	$ 28,540
Cost of revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expenses	7,878	3,712	4,472
Research and development, net [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expenses	5,676	2,161	2,483
Selling and marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expenses	16,403	11,266	12,361
General and administrative expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expenses	$ 10,590	$ 10,521	$ 9,224

CREDIT AGREEMENT (Narrative) (D

CREDIT AGREEMENT (Narrative) (Details) - USD ($) $ in Thousands	Nov. 13, 2016	Jan. 31, 2017	Dec. 31, 2016	Nov. 14, 2016
Debt Instrument [Line Items]
Debt issuance costs			$ 465,180
Revolving credit facility			$ 75,000
Revolving credit facility expiration date			Dec. 31, 2021
Amortization of debt issuance costs			$ 338
Minimum [Member]
Debt Instrument [Line Items]
Commitment fee percentage			0.25%
Maximum [Member]
Debt Instrument [Line Items]
Commitment fee percentage			0.50%
Term Debt [Member]
Debt Instrument [Line Items]
Term debt			$ 475,000	$ 475,000
Debt issuance costs			$ 10,158
Term Debt [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Spread on variable rate	1.00%
Term Debt [Member] | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Spread on variable rate	1.00%
Term Debt [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Prepaid principal amount		$ 260,000
Amortization of debt issuance costs		5,300
Remaining principal amount		$ 215,000
Term Debt [Member] | Minimum [Member] | Eurocurrency loans ranges [Member]
Debt Instrument [Line Items]
Total net leverage ratio			1.25%
Term Debt [Member] | Minimum [Member] | ABR loans ranges [Member]
Debt Instrument [Line Items]
Total net leverage ratio			0.25%
Term Debt [Member] | Maximum [Member] | Eurocurrency loans ranges [Member]
Debt Instrument [Line Items]
Total net leverage ratio			2.00%
Term Debt [Member] | Maximum [Member] | ABR loans ranges [Member]
Debt Instrument [Line Items]
Total net leverage ratio			1.00%

CREDIT AGREEMENT (Schedule of P

CREDIT AGREEMENT (Schedule of Payments on Term Debt) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Debt Disclosure [Abstract]
2,017	$ 23,750
2,018	23,750
2,019	23,750
2,020	47,500
2,021	356,250
Total	$ 475,000

CREDIT AGREEMENT (Schedule of C

CREDIT AGREEMENT (Schedule of Component of Term Debt Liability) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Credit Agreement Schedule Of Component Of Term Debt Liability Details
Principal	$ 475,000
Less: Debt issuance costs, net of amortization	(9,820)
Net carrying amount	$ 465,180

CREDIT AGREEMENT (Schedule of i

CREDIT AGREEMENT (Schedule of interest Expense Recognized) (Details) (USD $) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Credit Agreement Schedule Of Interest Expense Recognized Details Usd
Amortization of debt issuance costs	$ 338
Interest expense	1,266
Total interest expense recognized	$ 1,604
Effective interest rate	2.84%

REPORTABLE SEGMENTS AND GEOGR90

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION (Financial Information of The Company's Reportable Segments) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues		$ 1,015,542		$ 926,867	$ 871,995
Operating income (loss)		134,176		166,106	106,294
Customer Engagement [Member]
Segment Reporting Information [Line Items]
Revenues	[2]	754,398	[1]	688,060	674,797
Operating income (loss)	[2]	202,893	[1]	206,994	151,051
Financial Crime and Compliance [Member]
Segment Reporting Information [Line Items]
Revenues		261,144		238,807	197,198
Operating income (loss)		89,990		73,131	46,878
Not Allocated [Member]
Segment Reporting Information [Line Items]
Revenues
Operating income (loss)		$ (158,707)		$ (114,019)	$ (91,635)
[1]	Includes the results of Nexidia, VPI and inContact, which were acquired in 2016 and are being integrated within the Customer Engagement segment.
[2]	Includes the results of a certain operation (formerly part of the Security Solutions segment), which was retained following the above mentioned divestiture and integrated within the Customer Engagement operating segment.

REPORTABLE SEGMENTS AND GEOGR91

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION (Schedule of Long-Lived Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Property and equipment, net	$ 87,678	$ 40,593
Customer Engagement [Member]
Segment Reporting Information [Line Items]
Property and equipment, net	68,935	24,707
Financial Crime and Compliance [Member]
Segment Reporting Information [Line Items]
Property and equipment, net	13,192	11,013
Not Allocated [Member]
Segment Reporting Information [Line Items]
Property and equipment, net	$ 5,551	$ 4,873

REPORTABLE SEGMENTS AND GEOGR92

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION (Schedule of Total Revenues from External Customers by Geographical Areas) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		$ 1,015,542	$ 926,867	$ 871,995
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		720,520	630,096	591,147
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	[1]	189,223	192,640	184,092
Israel [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		4,295	4,231	5,092
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		$ 101,504	$ 99,900	$ 91,664
[1]	Includes Europe, the Middle East (excluding Israel) and Africa.

REPORTABLE SEGMENTS AND GEOGR93

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION (Schedule of Long-Lived Assets by Geographical Areas) (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net		$ 87,678	$ 40,593
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net		49,175	10,385
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	[1]	3,398	4,458
Israel [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net		28,237	22,193
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net		$ 6,868	$ 3,557
[1]	Includes Europe, the Middle East (excluding Israel) and Africa.

SELECTED STATEMENTS OF INCOME94

SELECTED STATEMENTS OF INCOME DATA (Schedule of Research and Development Costs, Net) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement Related Disclosures [Abstract]
Total costs	$ 151,698	$ 132,039	$ 125,952
Less - grants and participations	(1,668)	(2,174)	(2,455)
Less - capitalization of software development costs	(8,502)	(1,380)	(356)
Research and development, net	$ 141,528	$ 128,485	$ 123,141

SELECTED STATEMENTS OF INCOME95

SELECTED STATEMENTS OF INCOME DATA (Schedule of Financial Income and Other, Net) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement Related Disclosures [Abstract]
Interest and amortization/accretion of premium/discount on marketable securities	$ 5,607	$ 6,844	$ 5,268
Exchange rates differences	3,961
Realized gain on marketable securities	3,388	32	16
Interest	953	430	349
Financial income	13,909	7,306	5,633
Interest	(2,199)	(66)	(73)
Exchange rates differences		(731)	(685)
Other	(925)	(780)	(1,107)
Financial expense	(3,124)	(1,577)	(1,865)
Other expenses, net	(480)	(425)	(3)
Financial income and other, net	$ 10,305	$ 5,304	$ 3,765

SELECTED STATEMENTS OF INCOME96

SELECTED STATEMENTS OF INCOME DATA (Schedule of Net Earnings Per Share) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement Related Disclosures [Abstract]
Net income from continuing operations available to ordinary shareholders	$ 123,069	$ 140,578	$ 100,150
Net income from discontinued operations available to ordinary shareholders	(6,149)	118,253	2,925
Net income to ordinary shareholders	$ 116,920	$ 258,831	$ 103,075
Denominator for basic net earnings per share - Weighted average number of shares	59,667	59,552	59,362
Effect of dilutive securities: Add - employee stock options and RSU	1,368	1,729	1,533
Denominator for diluted net earnings per share - adjusted weighted average shares	61,035	61,281	60,895

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 15, 2017	Jan. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jan. 10, 2017
Subsequent Event [Line Items]
Dividend paid, per share			$ 0.64	$ 0.64	$ 0.64
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend paid, per share	$ 0.16
Share repurchase program amount						$ 150,000
Subsequent Event [Member] | Exchangeable Notes [Member]
Subsequent Event [Line Items]
Proceeds from issuance of senior notes		$ 287,500
Fixed rate		1.25%
Exchange rate of American Depositary Shares		12.0260
Principal amount of Exchangeable Notes		$ 1,000
Strike price		$ 101.82
Exchange price per ADS		$ 83.15
Proceeds from the offering of the Exchangeable Notes, net		$ 280,400
Cost of exchangeable note hedge transactions		$ 20,300