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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Composition of Income Before Taxes on Income

Income before taxes on income is comprised as follows:

		Year ended December 31,
		2012				2013				2014
Domestic		$	6,267			$	6,304			$	13,194
Foreign			1,370				1,651				1,272
		$	7,637			$	7,955			$	14,466

Significant Components of the Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

		Year ended December 31,
		2013				2014
Deferred tax assets:
Net operating loss carry-forwards		$	697			$	50
Capital losses carry-forwards			55				52
Research and development expenses			1,498				2,116
Deferred revenues			1,558				1,824
Issuance expenses			—				1,083
Other			541				904
Deferred tax assets before valuation allowance			4,349				6,029
Valuation allowance			195				52
Deferred tax asset		$	4,154			$	5,977
Deferred tax liabilities:
Property and equipment depreciation and other		$	56			$	176
Deferred tax liabilities		$	56			$	176

Composition of Income Taxes

Income taxes are comprised as follows:

		Year ended December 31,
		2012				2013				2014
Current		$	233			$	2,089			$	4,467
Deferred			(458	)			(769	)			45
		$	(225	)		$	1,320			$	4,512

		Year ended December 31,
		2012				2013				2014
Domestic		$	(729	)		$	1,096			$	2,485
Foreign			504				224				2,027
		$	(225	)		$	1,320			$	4,512

Reconciliation of Theoretical Income Tax Expense to Actual Income Tax Expense

A reconciliation of the Company’s theoretical income tax expense to actual income tax expense as follows:

		Year ended December 31,
		2012				2013				2014
Income before income taxes		$	7,637			$	7,955			$	14,466
Statutory tax rate			25	%			25	%			26.5	%
Theoretical income tax expense			1,909				1,989				3,833
Utilization of tax losses and deferred taxes for which valuation allowance was provided, net			2				4				(143	)
Deferred taxes on losses for which valuation allowance was provided, net			(457	)			(91	)			834
Non-deductible expenses			23				251				1,165
Increase in other uncertain tax positions—net							175				19
Tax adjustment in respect of different tax rate			(1,737	)			(979	)			(838	)
Other			35				(29	)			(358	)
Income tax expense (benefit)		$	(225	)		$	1,320			$	4,512

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the opening and closing amounts of total unrecognized tax benefits is as follows:

		Year ended December 31,
		2013				2014
Opening balance		$	97			$	272
Increases (decrease) related to prior year tax positions			10				(5	)
Increases related to current year tax positions			165				55
Closing balance		$	272			$	322

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Name Accounting Standards Codification

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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