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INCOME TAX (Tables) | 12 Months Ended
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Dec. 31, 2014
INCOME TAX [Abstract] |
Schedule of Components of Income Taxes |
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  |  | 2014 |  |  |  | 2013 |  |  |  | 2012 |
Income taxes (tax benefit): |  |  |  |  |  |  |  |  |  |  |  |
Current taxes: |  |  |  |  |  |
In Israel |  |  | 7,564 |  |  |  | 6,060 |  |  |  | 4,896 |
Outside Israel |  |  | 7,630 |  |  |  | 8,194 |  |  |  | 6,013 |
|  |  | 15,194 |  |  |  | 14,254 |  |  |  | 10,909 |
Deferred taxes: |  |  |  |  |  |  |  |  |  |  |  |
In Israel |  |  | (471 | ) |  |  | (503 | ) |  |  | (249 | )
Outside Israel |  |  | (432 | ) |  |  | (1,309 | ) |  |  | 1,204 |
|  |  | (903 | ) |  |  | (1,812 | ) |  |  | 955 |
Taxes in respect of prior years: |  |  |  |  |  |  |  |  |  |  |  |
In Israel |  |  | - |  |  |  | - |  |  |  | (126 | )
Outside Israel |  |  | (45 | ) |  |  | 5 |  |  |  | (48 | )
|  |  | (45 | ) |  |  | 5 |  |  |  | (174 | )
|  |  | 14,246 |  |  |  | 12,447 |  |  |  | 11,690 |
Schedule of Income Tax Reconciliation |
|  |  | US dollars |
|  |  | Year ended December 31, |
(in thousands) |  |  | 2014 |  |  |  | 2013 |  |  | 2012 |
Pretax income |  |  | 47,574 |  |  |  | 38,002 |  |  | 37,689 |
Statutory tax rate |  |  | 26.5 | % |  |  | 25 | % |  | 25 | %
Tax computed at the ordinary tax rate |  |  | 12,607 |  |  |  | 9,500 |  |  | 9,422 |
Nondeductible expenses |  |  | 757 |  |  |  | 1,701 |  |  | 418 |
Losses in respect of which no deferred taxes were generated (including reduction of deferred tax assets recorded in prior period) |  |  | (304 | ) |  |  | 137 |  |  | 1,087 |
Deductible financial expenses recorded to other comprehensive income |  |  | (365 | ) |  |  | (312 | ) |  | (244 | )
Taxes in respect of prior years |  |  | 45 |  |  |  | 5 |  |  | (174 | )
Tax adjustment in respect of different tax rates |  |  | 1,662 |  |  |  | 1,877 |  |  | 1,734 |
Taxes in respect of withholding at the source from royalties and dividends |  |  | 615 |  |  |  | 817 |  |  | 853 |
Adjustment in respect of tax rate deriving from “approved enterprises” |  |  | (558 | ) |  |  | (467 | ) |  | (233 | )
Others |  |  | (213 | ) |  |  | (811 | ) |  | (1,173 | )
|  |  | 14,246 |  |  |  | 12,447 |  |  | 11,690 |
Summary of Deferred Taxes |
|  | Composition:
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  | 2014 |  | 2013 |
Deferred taxes included in other current assets: |  |  |  |  |
Provision for employee related obligations |  | 130 |  | 139 |
Provision for legal obligation and other |  | 3,519 |  | 3,553 |
|  | 3,649 |  | 3,692 |
|  | Composition:
|  |  | US dollars |
|  |  | Year ended December 31, |
(in thousands) |  |  | 2014 |  | 2013 |
Long-term deferred income taxes: |  |  |  |  |  |
Provision for employee related obligations |  |  | 678 |  | 533 |
Carry forward tax losses and foreign tax credit |  |  | 3,223 |  | 4,029 |
Temporary differences, net |  |  | 1,010 |  | 1,982 |
|  |  | 4,911 |  | 6,544 |
Valuation allowance |  |  | (2,175 |  | (2,979 | )
|  |  | 2,736 |  | 3,565 |
|  | Composition:
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  |  | 2014 |  |  | 2013 |
Deferred income taxes included in long-term investments and other assets |  |  | 2,886 |  |  | 3,781 |
Deferred income taxes included in long-term liabilities |  |  | (150 | ) |  | (216 | )
|  |  | 2,736 |  |  | 3,565 |
Schedule of Income Before Income Taxes |
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  | 2014 |  | 2013 |  | 2012 |
The Company and its Israeli subsidiaries |  | 26,021 |  | 17,296 |  | 20,060 |
Non-Israeli subsidiaries |  | 21,553 |  | 20,706 |  | 17,629 |
|  | 47,574 |  | 38,002 |  | 37,689 |
Changes in Unrecognized Tax Benefits |
|  | US dollars |
(in thousands) |  |  |
Balance at January 1, 2013 |  | 439 |
Translations differences related to the current year |  | 33 |
Balance at December 31, 2013 |  | 472 |
Translations differences related to the current year |  | (51 |
Balance at December 31, 2014 |  | 421 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
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