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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

b.Income before taxes on income is comprised as follows:

		Year ended December 31,
		2017				2018				2019
Domestic income		$	13,937			$	52,158			$	52,254
Foreign income (loss)			10,492				(315	)			17,830
		$	24,429			$	51,843			$	70,084

Schedule of 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,
		2018				2019
Deferred tax assets:
Carry-forwards losses and credits		$	16,069			$	19,205
Capital losses carry-forwards			47				90
Research and development expenses			1,351				1,932
Deferred revenues			7,466				8,043
Share-based compensation			5,922				8,841
Operating lease liability			-				1,400
Accruals and other			1,524				1,783
Deferred tax assets before valuation allowance			32,379				41,294
Less: Valuation allowance			1,647				1,299
Net deferred tax assets		$	30,732			$	39,995
Deferred tax liabilities:
Intangible assets		$	1,997			$	1,950
Convertible senior notes			-				10,786
Deferred commission			4,770				6,463
Operating lease ROU asset			-				1,308
Property and equipment and other			662				471
Deferred tax liabilities		$	7,429			$	20,978

Schedule of Income Taxes

d.Income taxes are comprised as follows:

		Year ended December 31,
		2017				2018				2019
Current		$	2,558			$	11,827			$	13,994
Deferred			5,856				(7,056	)			(6,974	)
		$	8,414			$	4,771			$	7,020

		Year ended December 31,
		2017				2018				2019
Domestic		$	3,033			$	8,359			$	8,093
Foreign			5,381				(3,588	)			(1,073	)
		$	8,414			$	4,771			$	7,020

Schedule of Reconciliation of Income Taxes

e.A reconciliation of the Company's theoretical income tax expense to actual income tax expense is as follows:

		Year ended December 31,
		2017				2018				2019
Income before income taxes		$	24,429			$	51,843			$	70,084
Statutory tax rate			24.0	%			23.0	%			23.0	%
Theoretical income tax expense			5,863				11,924				16,119
Excess tax benefits related to share-based compensation			(5,050	)			(6,726	)			(6,391	)
Non-deductible expenses			2,081				3,011				3,002
Intra-entity intellectual property transfer			-				1,768				-
Unrecognized tax benefits			645				697				1,343
Foreign and preferred enterprise tax rates differential			(1,792	)			(5,710	)			(6,717	)
Impact of Tax Cuts and Jobs Act of 2017			6,492				-				-
Other			175				(193	)			(336	)
Income tax expense		$	8,414			$	4,771			$	7,020

Schedule of Unrecognized Tax Benefits

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

		Year ended December 31,
		2018				2019
Opening balance		$	1,119			$	1,993
Increase related to prior year tax positions			404				120
Decrease related to expiration of statutes of limitations			(353	)			(242	)
Increase related to current year tax positions			823				1,857
Closing balance		$	1,993			$	3,728

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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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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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