	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
	(unaudited)						(unaudited)

Current year taxes	$	13,753		$	5,322		$	18,909		$	12,323
Deferred tax income net, and others		(540	)		(1,705	)		(1,774	)		(3,044	)

Taxes on income	$	13,213		$	3,617		$	17,135		$	9,279

Deferred income taxes:

Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

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

	As of June 30, 2019			As of December 31, 2018
	(Unaudited)
Deferred tax assets, net:

Research and Development carryforward expenses	$	8,657		$	9,482
Carryforward tax losses		5,670			4,155
Stock based compensation expenses		4,056			3,160
Allowance and other reserves		7,242			5,811

Total deferred tax assets	$	25,625		$	22,608

Deferred tax liabilities, net:
Intangible assets		(19,537	)		(9,408	)

Total deferred tax liabilities	$	(19,537	)	$	(9,408	)

Recorded as:
Deferred tax assets, net	$	14,751		$	14,699
Deferred tax liabilities, net		(8,663	)		(1,499	)
Net deferred tax assets	$	6,088		$	13,200

Uncertain tax positions:

	As of June 30, 2019		As of December 31, 2018
	(Unaudited)

Balance at January 1,	$	8,499	$	579
Increases related to current year tax positions		1,216		8,499
Decreases related to prior year tax positions		-		(579	)
	$	9,715	$	8,499