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TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

		2016				2015
Beginning balance		$	12,306			$	10,117
Additions for prior year tax positions			911				36
Additions for current year tax positions			-				2,153
Ending balance		$	13,217			$	12,306

Summary of Taxes on Income

Taxes on income are comprised as follows:

		Year ended December 31,
		2016				2015				2014
Current taxes		$	4,338			$	5,082			$	7,706
Deferred taxes			(2,687	)			215				(1,775	)
		$	1,651			$	5,297			$	5,931
Domestic		$	283			$	3,084			$	4,899
Foreign			1,368				2,213				1,032
		$	1,651			$	5,297			$	5,931

		Year ended December 31,
		2016				2015				2014
Domestic taxes:
Current taxes		$	494			$	2,715			$	5,538
Deferred taxes			(211	)			369				(639	)
			283				3,084				4,899
Foreign taxes:
Current taxes			3,844				2,367				2,168
Deferred taxes			(2,476	)			(154	)			(1,136	)
			1,368				2,213				1,032
Taxes on income		$	1,651			$	5,297			$	5,931

Significant Components of Deferred Tax Liabilities and Assets

Significant components of the Company's and its subsidiaries' deferred tax liabilities and assets are as follows:

		December 31,
		2016				2015
Carryforward tax losses		$	2,210			$	1,625
Deferred revenues			5,764				4,172
Temporary differences			5,881				4,982
Intangible assets			36				294
Deferred tax assets before valuation allowance			13,891				11,073
Valuation allowance			(1,495	)			(1,032	)
Net deferred tax asset			12,396				10,041
Intangible assets, including goodwill			(2,997	)			(2,931	)
Depreciable assets			(1,989	)			(1,840	)
Unrealized losses (gains) on marketable securities			7				(419	)
Deferred tax liability			(4,979	)			(5,190	)
Net deferred tax assets		$	7,417			$	4,851

The net change in the total valuation allowance for the year ended December 31, 2016 was mainly relates to the losses carryforwards of the Israeli subsidiary that the Company concluded that it is not more likely than not that the net deferred tax assets will be realized and a valuation allowance has been recorded against these assets..

		December 31,
		2016				2015
Domestic deferred tax asset, net		$	1,233			$	598
Foreign deferred tax asset, net			6,184				4,253
		$	7,417			$	4,851

Reconciliation Between Theoretical and Actual Tax Expense

A reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company and the actual tax expense as reported in the statement of operations is as follows:

		Year ended December 31,
		2016				2015				2014
Income (loss) before taxes, as reported in the consolidated statements of income		$	(7,008	)		$	23,866			$	30,881
Statutory tax rate			25	%			26.5	%			26.5	%
Theoretical tax expense (benefit) on the above amount at the Israeli statutory tax rate		$	(1,752	)		$	6,324			$	8,183
Tax adjustment in respect of different tax rate of foreign subsidiary			427				622				190
Non-deductible expenses and other permanent differences			200				322				772
Deferred taxes on losses for which valuation allowance was provided, net			463				377				270
Utilization of tax losses and deferred taxes  for which valuation allowance was provided, net			-				(555	)			-
Stock compensation relating to stock options per ASC No. 718			1,342				1,186				1,624
Approved, Privileged and Preferred enterprise loss (benefits) (*)			916				(3,047	)			(5,154	)
Other			55				68				46
Actual tax expense		$	1,651			$	5,297			$	5,931

(*)	Basic earnings per share amounts of the benefit resulting from the "Approved, Privileged and Preferred Enterprise" status		$	0.03			$	0.07			$	0.11
	Diluted earnings per share amounts of the benefit resulting from the "Approved, Privileged and Preferred Enterprise" status		$	0.03			$	0.06			$	0.11

Schedule of Income Before Income Taxes

Income (loss) before income taxes is comprised as follows:

		Year ended December 31,
		2016				2015				2014
Domestic		$	(11,475	)		$	20,247			$	28,203
Foreign			4,467				3,619				2,678
Income (loss) before income taxes		$	(7,008	)		$	23,866			$	30,881

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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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-Publisher FASB
-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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