Attunity (ATTU) 6-K 31 Aug 17 2017 Q2 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2017
Document and Entity Information [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Entity Registrant Name	ATTUNITY LTD
Entity Central Index Key	893,821
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Filer Category	Non-accelerated Filer

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 9,994	$ 9,166
Trade receivables, net	5,844	7,031
Prepaid expenses and other account receivables	1,289	663
Total current assets	17,127	16,860
LONG-TERM ASSETS:
Other assets	159	155
Deferred taxes, net	1,950	2,340
Severance pay fund	4,226	3,770
Property and equipment, net	1,300	1,214
Intangible assets, net	2,105	2,778
Goodwill	30,929	30,929
Total long-term assets	40,669	41,186
Total assets	57,796	58,046
CURRENT LIABILITIES:
Trade payables	824	375
Payment obligation related to acquisitions		271
Deferred revenues	12,571	10,676
Employees and payroll accruals	4,429	4,741
Accrued expenses and other current liabilities	1,812	2,021
Liability presented at fair value	300
Total current liabilities	19,936	18,084
LONG-TERM LIABILITIES:
Other liabilities	295	277
Deferred revenues	1,923	1,438
Liability presented at fair value		512
Accrued severance pay	5,801	5,027
Total long-term liabilities	8,019	7,254
SHAREHOLDERS' EQUITY:
Share capital - ordinary shares of NIS 0.4 par value - Authorized: 32,500,000 shares at June 30, 2017 and December 31, 2016; Issued and outstanding: 17,062,445 shares at June 30, 2017 and 16,841,238 shares at December 31, 2016	1,946	1,921
Additional paid-in capital	151,554	149,716
Accumulated other comprehensive loss	(1,077)	(1,013)
Accumulated deficit	(122,582)	(117,916)
Total shareholders' equity	29,841	32,708
Total liabilities and shareholders' equity	$ 57,796	$ 58,046

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - ₪ / shares	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Ordinary shares, par value per share	₪ 0.4	₪ 0.4
Ordinary shares, shares authorized	32,500,000	32,500,000
Ordinary shares, shares issued	17,062,445	16,841,238
Ordinary shares, shares outstanding	17,062,445	16,841,238

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Software licenses	$ 13,164	$ 13,539
Maintenance and services	14,180	12,433
Total revenues	27,344	25,972
Operating expenses:
Cost of software license	613	1,267
Cost of maintenance and services	3,912	3,112
Research and development	6,799	6,792
Selling and marketing	16,655	17,847
General and administrative	2,501	2,308
Impairment of acquisition-related intangible assets		2,132
Total operating expenses	30,480	33,458
Operating loss	(3,136)	(7,486)
Financial income (expenses), net	(58)	80
Loss before income taxes	(3,194)	(7,406)
Income tax benefit (taxes on income)	(1,472)	957
Net loss	$ (4,666)	$ (6,449)
Basic and diluted net loss per share	$ (0.28)	$ (0.39)
Weighted average number of shares used in computing basic net and diluted loss per share	16,951	16,671

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (4,666)	$ (6,449)
Cash flow hedges:
Changes in unrealized gains	311	91
Reclassification adjustments for gains included in net loss	(205)	(16)
Net change	106	75
Foreign currency translation adjustment	(170)	(25)
Net change in accumulated comprehensive loss	(64)	50
Comprehensive loss	$ (4,730)	$ (6,399)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows activities:
Net loss	$ (4,666)	$ (6,449)
Adjustments required to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	239	237
Stock based compensation	1,650	1,922
Amortization of intangible assets	673	1,393
Impairment of acquisition-related intangible assets		2,132
Accretion of payment obligation		(12)
Change in:
Accrued severance pay, net	318	111
Trade receivables	1,207	(2,714)
Other accounts receivable and prepaid expenses	(527)	(491)
Other long term assets	(1)	179
Trade payables	434	397
Deferred revenues	2,166	1,262
Employees and payroll accruals	(315)	1,138
Accrued expenses and other current liabilities	(181)	49
Liabilities presented at fair value	(219)	(86)
Tax benefit related to exercise of stock options		44
Change in deferred taxes, net	406	(1,196)
Net cash provided by (used in) operating activities	1,184	(2,084)
Cash flows from investing activities:
Purchase of property and equipment	(320)	(340)
Net cash used in investing activities	(320)	(340)
Cash flows from financing activities:
Proceeds from exercise of stock options	213	155
Payment of contingent consideration	(271)	(1,239)
Tax benefit related to exercise of stock options		(44)
Net cash used in financing activities	(58)	(1,128)
Foreign currency translation adjustments on cash and cash equivalents	22	(51)
Increase (decrease) in cash and cash equivalents	828	(3,603)
Cash and cash equivalents at the beginning of the year	9,166	12,522
Cash and cash equivalents at the end of the year	9,994	8,919
Supplemental disclosure of cash flow activities:
Cash paid during the year for taxes	1,204	563
Supplemental disclosure of non-cash investing activities:
Issuance of shares related to acquisition		$ 224

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1:- GENERAL Attunity Ltd. (the "Company" or "Attunity") develops, markets, sells and supports data integration and “ ” The Company has wholly-owned subsidiaries in the United States, United Kingdom, Hong-Kong and Israel. The Company's subsidiaries are engaged primarily in sales and marketing.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES a. Unaudited interim consolidated financial statements: The accompanying unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's consolidated financial statements. The balance sheet at December 31, 2016 has been derived from the audited consolidated financial statements of the Company at that date but does not include all of the GAAP The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2016, included in the Company’s Unless otherwise noted, all references to "dollars" or "$" are to United States dollars. b. Use of estimates: The preparation of financial statements in conformity with GAAP c. Impact of recently issued accounting standards not yet adopted: 1. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606 )", plans to adopt The new standard permits two methods of adoption: retrospectively to each prior reporting period presented (the so-called "full retrospective method"), or retrospectively with the cumulative effect of initially applying the new standard recognized at the date of initial application (the so-called "modified retrospective method"). The Company currently anticipates adopting the new standard using the modified retrospective method 2. In January 2017, the FASB issued ASU No. 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business ", 3. In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment" ("ASU 2017-04 ”),

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 3:- FAIR VALUE MEASUREMENTS The FASB issued Accounting Standards Codification ("ASC") No. 820, "Fair Value Measurements and Disclosures" ("ASC No. 820"), which defines fair value and establishes a framework for measuring fair value. According to ASC No. 820, fair value is an exit price, representing the amount that would be received for selling an asset or paid for the transfer of a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date. 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 Company measures the contingent payment obligations payable, if any, in connection with its acquisitions of businesses or entities ("Contingent Considerations"), foreign currency derivative contracts and other derivative instruments at fair value. Foreign currency derivative contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. The Contingent Considerations related to acquisitions and liabilities presented at fair value are classified within Level 3 as the valuation inputs are based on significant inputs not observable in the market. See also Note There have been no transfers between fair value measurements levels during the six months ended June 30, 2017. The below table sets forth the Company's assets and liabilities that were measured at fair value as of June 30, 2017 and December 31, 2016 by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2017 (unaudited) Level 1 Level 2 Level 3 Total Assets: Foreign exchange contracts - $ 99 - $ 99 Total assets - $ 99 - $ 99 Liabilities: Liabilities presented at fair value - - $ 300 $ 300 Total liabilities - - $ 300 $ 300 December 31, 2016 Level 1 Level 2 Level 3 Total Liabilities: Contingent Considerations related to acquisitions - - $ 271 $ 271 Foreign exchange contracts - $ 7 - $ 7 Liability presented at fair value - - $ 512 $ 512 Total liabilities $ - $ 7 $ 783 $ 790 The following table set forth the change of fair value measurements that are categorized within Level 3: Total fair value as of January 1, 2017 $ 783 Cash settlements (271 ) Changes in fair value recognized in expenses (212 ) Total fair value as of June 30, 2017 (unaudited) $ 300

OTHER INTANGIBLE ASSETS, NET

OTHER INTANGIBLE ASSETS, NET	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
OTHER INTANGIBLE ASSETS, NET	NOTE 4:- OTHER INTANGIBLE ASSETS, NET Net other intangible assets consisted of the following Weighted average amortization June 30, December 31, period 2017 2016 (years) Unaudited Original amount: Core technology 4.74 $ 13,384 $ 13,384 Customer relationships 5.84 1,981 1,981 Non-competition agreement 4 224 224 15,589 15,589 Accumulated amortization and impairment charges: Core technology 7,589 6,977 Customer relationships 1,577 1,544 Non-competition agreement 196 168 Impairment of acquisition-related intangible assets (*) 4,122 4,122 9,362 8,689 Other intangible assets, net: Core technology 1,876 2,488 Customer relationships 201 234 Non-competition agreement 28 56 $ 2,105 $ 2,778 The estimated future amortization expense of other intangible assets as of June 30, 2017 for the years ending December 31: 2017 $ 673 2018 943 2019 415 Thereafter 74 $ 2,105 (*) In 2016, the Company recorded a $4,122 impairment charge on developed technology. This impairment was based upon forecasted discounted cash flows which considered delayed sales trends with longer than expected sales cycles of Appfluent products, which the Company believes is primarily due to the innovative nature of this solution.

LIABILITY PRESENTED AT FAIR VAL

LIABILITY PRESENTED AT FAIR VALUE	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
LIABILITY PRESENTED AT FAIR VALUE	NOTE 5:- LIABILITY PRESENTED AT FAIR VALUE The Company entered into a Loan Agreement with Plenus Technologies Ltd. ("Plenus" or the "Lender"), on January 31, 2007 (as amended on March 30, 2009 and September 4, 2011, the "Loan Agreement"). According to the Loan Agreement if, during the period between March 19, 2009 and December 31, 2017, the Company enters into a "Fundamental Transaction" (which is defined in the Loan Agreement to include various types of change of control transactions), then the Lender shall be entitled to the following: (i) in the cases of merger or acquisition of shares, an amount equal to 15% of the aggregate proceeds payable in connection with such Fundamental Transaction to the shareholders, or (ii) in the case of the sale of substantially all of the Company's assets, an amount equal to 15% of the aggregate proceeds payable to the Company in connection with such Fundamental Transaction; the "aggregate proceeds" shall be calculated while subtracting any amount of debts, liabilities and obligations which have accrued prior to the closing of such Fundamental Transaction and have not been assumed by the purchaser in such Fundamental Transaction. During such period, the Lender may elect to receive $300 in cash in lieu of such contingent payment right. The Company accounted for the above mentioned contingent payment right as a liability presented at fair value on the balance sheet, which was marked to market at each reporting period. As of June 30, 2017 and December 31, 2016, the liability amounted to $300 and $512, respectively. The fair value of this liability was performed by a third party valuation firm using the Binomial Model for options valuation, based on assumptions provided by management.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2017
DERIVATIVES AND HEDGING ACTIVITIES [Abstract]
DERIVATIVES AND HEDGING ACTIVITIES	NOTE 6:- DERIVATIVES AND HEDGING ACTIVITIES The Company accounts for derivatives and hedging based on ASC No. 815, "Derivatives and Hedging" ("ASC No. 815"). ASC No. 815 requires the Company to recognize all derivatives 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. According to ASC No. 815, for derivative instruments that are designated and qualify as hedging instruments, the 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. If the derivatives meet the definition of a hedge and are so designated, depending on the nature of the hedge, changes in the fair value of such derivatives will either be offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative's change in fair value is recognized in earnings. The Company entered into forward and option contracts to hedge against the risk of overall changes in future cash flow from payments of payroll and related expenses denominated in New Israeli Shekels ("NIS"). As of June 30, 2017, the fair value of the Company's outstanding hedging contracts that were designated as hedging instruments was recorded as an Level . As of June 30, 2017 and December 31, 2016, the notional principal amount of the hedging contracts to sell U.S. dollars held by the Company was $2,873 and $4,963, respectively. As of June 30, 2017 and December 31, 2016, there were no hedging contracts that were not designated as hedging instruments.

FINANCIAL EXPENSES (INCOME), NE

FINANCIAL EXPENSES (INCOME), NET	6 Months Ended
	Jun. 30, 2017
FINANCIAL EXPENSES, NET [Abstract]
FINANCIAL EXPENSES (INCOME), NET	NOTE 7:- FINANCIAL INCOME (EXPENSES), NET Six months ended June 30, 2017 2016 Unaudited Financial income: Revaluation of liabilities presented at fair value $ 212 $ 86 Hedging - 3 Exchange rate differences 167 100 379 189 Financial expenses: Hedging (2 ) - Exchange rate differences (364 ) (29 ) Interest and bank charges (71 ) (57 ) Accretion of contingent consideration - (23 ) (437 ) (109 ) Total financial income (expenses), net $ (58 ) $ 80

SIGNIFICANT ACCOUNTING POLICI14

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Unaudited interim consolidated financial statements	a. Unaudited interim consolidated financial statements: The accompanying unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's consolidated financial statements. The balance sheet at December 31, 2016 has been derived from the audited consolidated financial statements of the Company at that date but does not include all of the GAAP The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2016, included in the Company’s Unless otherwise noted, all references to "dollars" or "$" are to United States dollars.
Use of estimates	b. Use of estimates: The preparation of financial statements in conformity with GAAP
Impact of recently issued accounting standard not yet adopted	c. Impact of recently issued accounting standards not yet adopted: 1. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606 )", plans to adopt The new standard permits two methods of adoption: retrospectively to each prior reporting period presented (the so-called "full retrospective method"), or retrospectively with the cumulative effect of initially applying the new standard recognized at the date of initial application (the so-called "modified retrospective method"). The Company currently anticipates adopting the new standard using the modified retrospective method 2. In January 2017, the FASB issued ASU No. 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business ", 3. In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment" ("ASU 2017-04 ”),

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value	The below table sets forth the Company's assets and liabilities that were measured at fair value as of June 30, 2017 and December 31, 2016 by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2017 (unaudited) Level 1 Level 2 Level 3 Total Assets: Foreign exchange contracts - $ 99 - $ 99 Total assets - $ 99 - $ 99 Liabilities: Liabilities presented at fair value - - $ 300 $ 300 Total liabilities - - $ 300 $ 300 December 31, 2016 Level 1 Level 2 Level 3 Total Liabilities: Contingent Considerations related to acquisitions - - $ 271 $ 271 Foreign exchange contracts - $ 7 - $ 7 Liability presented at fair value - - $ 512 $ 512 Total liabilities $ - $ 7 $ 783 $ 790
Change of Fair Value Measurements	The following table set forth the change of fair value measurements that are categorized within Level 3: Total fair value as of January 1, 2017 $ 783 Cash settlements (271 ) Changes in fair value recognized in expenses (212 ) Total fair value as of June 30, 2017 (unaudited) $ 300

OTHER INTANGIBLE ASSETS, NET (T

OTHER INTANGIBLE ASSETS, NET (Tables)	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Net Other Intangible Assets	Net other intangible assets consisted of the following Weighted average amortization June 30, December 31, period 2017 2016 (years) Unaudited Original amount: Core technology 4.74 $ 13,384 $ 13,384 Customer relationships 5.84 1,981 1,981 Non-competition agreement 4 224 224 15,589 15,589 Accumulated amortization and impairment charges: Core technology 7,589 6,977 Customer relationships 1,577 1,544 Non-competition agreement 196 168 Impairment of acquisition-related intangible assets (*) 4,122 4,122 9,362 8,689 Other intangible assets, net: Core technology 1,876 2,488 Customer relationships 201 234 Non-competition agreement 28 56 $ 2,105 $ 2,778 (*) In 2016, the Company recorded a $4,122 impairment charge on developed technology. This impairment was based upon forecasted discounted cash flows which considered delayed sales trends with longer than expected sales cycles of Appfluent products, which the Company believes is primarily due to the innovative nature of this solution.
Schedule of Other Intangible Assets Future Amortization Expense	The estimated future amortization expense of other intangible assets as of June 30, 2017 for the years ending December 31: 2017 $ 673 2018 943 2019 415 Thereafter 74 $ 2,105

FINANCIAL EXPENSES (INCOME), 17

FINANCIAL EXPENSES (INCOME), NET (Tables)	6 Months Ended
	Jun. 30, 2017
FINANCIAL EXPENSES, NET [Abstract]
Schedule of Financial Expenses (Income)	Six months ended June 30, 2017 2016 Unaudited Financial income: Revaluation of liabilities presented at fair value $ 212 $ 86 Hedging - 3 Exchange rate differences 167 100 379 189 Financial expenses: Hedging (2 ) - Exchange rate differences (364 ) (29 ) Interest and bank charges (71 ) (57 ) Accretion of contingent consideration - (23 ) (437 ) (109 ) Total financial income (expenses), net $ (58 ) $ 80

FAIR VALUE MEASUREMENTS (Schedu

FAIR VALUE MEASUREMENTS (Schedule of Assets and Liabilities Measured at Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets:
Foreign exchange contracts	$ 99
Total assets	99
Liabilities:
Contingent Considerations related to acquisitions		$ 271
Foreign exchange contracts		7
Liabilities presented at fair value	300	512
Total liabilities	300	790
Level 1 [Member]
Assets:
Foreign exchange contracts
Total assets
Liabilities:
Contingent Considerations related to acquisitions
Foreign exchange contracts
Liabilities presented at fair value
Total liabilities
Level 2 [Member]
Assets:
Foreign exchange contracts	99
Total assets	99
Liabilities:
Contingent Considerations related to acquisitions
Foreign exchange contracts		7
Liabilities presented at fair value
Total liabilities		7
Level 3 [Member]
Assets:
Foreign exchange contracts
Total assets
Liabilities:
Contingent Considerations related to acquisitions		271
Foreign exchange contracts
Liabilities presented at fair value	300	512
Total liabilities	$ 300	$ 783

FAIR VALUE MEASUREMENTS (Sche19

FAIR VALUE MEASUREMENTS (Schedule of Change of Fair Value Measurements that are Categorized Within Level 3) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)
Change of fair value measurements that are categorized within Level 3
Total fair value as of January 1, 2017	$ 783
Cash Settlements	(271)
Changes in fair value recognized in expenses	(212)
Total fair value as of June 30, 2017 (unaudited)	$ 300

OTHER INTANGIBLE ASSETS, NET (S

OTHER INTANGIBLE ASSETS, NET (Schedule of Net Other Intangible Assets) (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Original amount		$ 15,589	$ 15,589
Impairment of acquisition-related intangible assets (*)	[1]	4,122	4,122
Accumulated amortization and impairment charges		9,362	8,689
Other intangible assets, net		2,105	2,778
Core technology [Member]
Finite-Lived Intangible Assets [Line Items]
Original amount		13,384	13,384
Accumulated amortization and impairment charges		7,589	6,977
Other intangible assets, net		$ 1,876	2,488
Weighted average amortization period		4 years 8 months 26 days
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Original amount		$ 1,981	1,981
Accumulated amortization and impairment charges		1,577	1,544
Other intangible assets, net		$ 201	234
Weighted average amortization period		5 years 10 months 3 days
Non-competition agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Original amount		$ 224	224
Accumulated amortization and impairment charges		196	168
Other intangible assets, net		$ 28	$ 56
Weighted average amortization period		4 years
[1]	In 2016, the Company recorded a $4,122 impairment charge on developed technology. This impairment was based upon forecasted discounted cash flows which considered delayed sales trends with longer than expected sales cycles of Appfluent products, which the Company believes is primarily due to the innovative nature of this solution.

OTHER INTANGIBLE ASSETS, NET 21

OTHER INTANGIBLE ASSETS, NET (Schedule of Other Intangible Assets Future Amortization Expense) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
2,017	$ 673
2,018	943
2,019	415
Thereafter	74
Other intangible assets, net	$ 2,105	$ 2,778

LIABILITY PRESENTED AT FAIR V22

LIABILITY PRESENTED AT FAIR VALUE (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Contingent lender payment, percent of equity transaction	15.00%	15.00%
Contingent lender payment, alternate amount of consideration payable to the lender	$ 300	$ 300
Liability presented at fair value, current portion	300
Liability presented at fair value, non-current portion		$ 512

DERIVATIVES AND HEDGING ACTIV23

DERIVATIVES AND HEDGING ACTIVITIES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net income (loss) from hedging transactions recognized in financial expenses, net	$ (2)	$ 3
Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	2,873		$ 4,963
Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of derivative liabilities			$ 7
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of derivative assets	$ 99

FINANCIAL EXPENSES (INCOME), 24

FINANCIAL EXPENSES (INCOME), NET (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Financial income:
Revaluation of liabilities presented at fair value	$ 212	$ 86
Hedging		3
Exchange rate differences	167	100
Total financial income	379	189
Financial expenses:
Hedging	(2)
Exchange rate differences	(364)	(29)
Interest and bank charges	(71)	(57)
Accretion of contingent consideration		(23)
Total financial expenses	(437)	(109)
Total financial income (expenses), net	$ (58)	$ 80