v3.26.1
Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments [Abstract]  
Schedule of Accumulated Other Comprehensive Income and Reclassified as Cost of Revenues and Operating Expenses 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 and reclassified as Cost of revenues and Operating expenses, at the time that the hedged income/expense is recorded.
    Net Notional amount     Fair value  
    June 30,
2026
    December 31,
2025
    June 30,
2026
    December 31,
2025
 
    (Unaudited)           (Unaudited)        
Option contracts to hedge payroll                        
expenses NIS   $ 18,322     $ 35,433     $ 1,134     $ 1,461  
Forward contracts to hedge payroll                                
expenses NIS     20,182       11,024       423       321  
    $ 38,504     $ 46,457     $ 1,557     $ 1,782  
Schedule of Fair Value Outstanding Derivative Instruments The fair value of the Company's outstanding derivative instruments on June 30, 2026 and December 31, 2025 is summarized below:

 

        Fair value of derivative instruments  
        June 30,     December 31,  
        2026     2025  
    Balance Sheet line item   (Unaudited)        
Derivative assets and liabilities:                
Foreign exchange option contracts   Prepaid expenses and other current assets   $ 1,169     $ 1,704  
Foreign exchange forward contracts   Prepaid expenses and other current assets     512       321  
Foreign exchange option contracts   Other account payable     (36 )     (243 )
Foreign exchange forward contracts   Other account payable   $ (88 )   $  
Schedule of Derivative Instruments in Cash Flow Hedging Relationship on Other Comprehensive Income

The effect of derivative instruments in cash flow hedging relationship on other comprehensive income for the six months ended June 30, 2026 and 2025, is summarized below:

 

    Amount of gain recognized in other comprehensive income on derivative, net of tax  
    Six months ended June 30,  
    2026     2025  
    (Unaudited)     (Unaudited)  
Derivatives in foreign exchange cash flow hedging relationships:            
Forward contracts   $ 733     $ 727  
Option contracts     2,000       2,130  
    $ 2,733     $ 2,857  
Schedule of Derivatives in Foreign Exchange Cash Flow Hedging Relationships

Derivatives in foreign exchange cash flow hedging relationships for the six months ended June 30, 2026 and 2025, is summarized below:

 

        Amount reclassified from other comprehensive income into income (expenses), net of tax  
        Six months ended June 30,  
        2026     2025  
    Statements of income line   (Unaudited)     (Unaudited)  
Option contracts to hedge payroll   Cost of revenues and operating expenses   $ (2,254 )   $ (614 )
Forward contracts to hedge payroll   Cost of revenues and operating expenses     (642 )     (86 )
        $ (2,896 )   $ (700 )