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TAXES ON INCOME (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Taxes on Income Comprised | b. Taxes on income comprised of:
|  | Year ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |
Domestic taxes: |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 727 |  |  | $ | (37 | ) |  | $ | 7 |
Deferred |  |  | (742 | ) |  |  | (1,127 | ) |  |  | 2,987 |
Foreign taxes: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 1,993 |  |  |  | 2,016 |  |  |  | 314 |
Deferred |  |  | 84 |  |  |  | (64 | ) |  |  | (456 | )
|  | $ | 2,062 |  |  | $ | 788 |  |  | $ | 2,852 |
Income (loss) before taxes on income: |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  | $ | (1,651 | ) |  | $ | (4,315 | ) |  | $ | (2,379 | )
Foreign |  |  | 17,398 |  |  |  | 11,788 |  |  |  | 4,412 |
|  | $ | 15,747 |  |  | $ | 7,473 |  |  | $ | 2,033 |
Reconciliation Between Company's Effective Tax Rate and U.S. Statutory Rate | c. Reconciliation between the Company’s effective tax rate and the U.S. statutory rate:
|  | Year ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |
Income before taxes on income |  | $ | 15,747 |  |  | $ | 7,473 |  |  | $ | 2,033 |
Theoretical tax at U.S. statutory rate |  |  | 5,511 |  |  |  | 2,541 |  |  |  | 691 |
Foreign income taxes at rates other than U.S. rate |  |  | (2,023 | ) |  |  | (1,057 | ) |  |  | (489 | )
Approved and benefited enterprises benefits (*) |  |  | (1,934 | ) |  |  | (1,553 | ) |  |  | (785 | )
Subpart F |  |  | 529 |  |  |  | 633 |  |  |  | 394 |
Non-deductible items |  |  | 592 |  |  |  | 433 |  |  |  | 723 |
Non-taxable items |  |  | — |  |  |  | — |  |  |  | (230 | )
Decrease in uncertain tax position |  |  | — |  |  |  | (73 | ) |  |  | (920 | )
Valuation allowance |  |  | (380 | ) |  |  | (111 | ) |  |  | 3,356 |
Other, net |  |  | (233 | ) |  |  | (25 | ) |  |  | 112 |
Taxes on income |  | $ | 2,062 |  |  | $ | 788 |  |  | $ | 2,852 |
Effective tax rate |  |  | 13 | % |  |  | 11 | % |  |  | 140 | %
(*) Basic and diluted earnings per share amounts of the benefit resulting from the “Approved Enterprise” and “Benefited Enterprise” status |  | $ | 0.08 |  |  | $ | 0.07 |  |  | $ | 0.04 |
Deferred Taxes on Income | Significant components of the Company’s deferred tax assets are as follows:
|  | As at December 31, |
|  | 2013 |  |  | 2014 |
Deferred tax assets |  |  |  |  |  |  |  |
Operating loss carryforward |  | $ | 8,544 |  |  | $ | 8,933 |
Accrued expenses |  |  | 490 |  |  |  | 706 |
Temporary differences related to R&D expenses |  |  | 1,045 |  |  |  | 922 |
Equity-based compensation |  |  | 2,085 |  |  |  | 2,563 |
Tax credit carry forward |  |  | 622 |  |  |  | 800 |
Other |  |  | 152 |  |  |  | 273 |
Total gross deferred tax assets |  |  | 12,938 |  |  |  | 14,197 |
Valuation allowance |  |  | (8,526 | ) |  |  | (11,930 | )
Net deferred tax assets |  | $ | 4,412 |  |  | $ | 2,267 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Other |  | $ | 73 |  |  | $ | 26 |
Intangible assets |  |  | — |  |  |  | 1,843 |
Total gross deferred tax liabilities |  | $ | 73 |  |  | $ | 1,869 |
Net deferred tax assets (*) |  | $ | 4,339 |  |  | $ | 398 |
(*) | Net deferred tax for the year ended December 31, 2013 from domestic and foreign jurisdictions was $2,999 and $1,340, respectively.
Net deferred tax for the year ended December 31, 2014 from domestic and foreign jurisdictions was $0 and $398, respectively.
Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of gross unrecognized tax benefits based on the provisions of FASB ASC No. 740 is as follows:
|  | Year ended December 31, |
|  | 2013 |  |  | 2014 |
Beginning of year |  | $ | 3,520 |  |  | $ | 3,563 |
Additions for current year tax positions |  |  | 116 |  |  |  | 216 |
Decrease as a result of a lapse of applicable statute of limitations |  |  | (73 | ) |  |  | (920 | )
Balance at December 31 |  | $ | 3,563 |  |  | $ | 2,859 |

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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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