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TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Taxes on Income Comprised

b. Taxes on income comprised of:

		Year ended December 31,
		2013				2014				2015
Domestic taxes:
Current		$	(37	)		$	7			$	115
Deferred			(1,127	)			2,987				—
Foreign taxes:
Current			2,016				314				2,212
Deferred			(64	)			(456	)			(1,213	)
		$	788			$	2,852			$	1,114
Income (loss) before taxes on income:
Domestic		$	(4,315	)		$	(2,379	)		$	(3,360	)
Foreign			11,788				4,412				10,741
		$	7,473			$	2,033			$	7,381

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,
		2013				2014				2015
Income before taxes on income		$	7,473			$	2,033			$	7,381
Theoretical tax at U.S. statutory rate			2,541				691				2,510
Foreign income taxes at rates other than U.S. rate			(1,057	)			(489	)			(958	)
Approved and benefited enterprises benefits (*)			(1,553	)			(785	)			(1,653	)
Subpart F			633				394				434
Non-deductible items			433				723				349
Non-taxable items			—				(230	)			(481	)
Decrease in uncertain tax position			(73	)			(920	)			—
Changes in valuation allowance			(111	)			3,356				839
Other, net			(25	)			112				74
Taxes on income		$	788			$	2,852			$	1,114
(*) Basic and diluted earnings per share amounts of the benefit resulting from the “Approved Enterprise” and “Benefited Enterprise” status		$	0.07			$	0.04			$	0.08

Deferred Taxes on Income

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

		As at December 31,
		2014				2015
Deferred tax assets
Operating loss carryforward		$	8,933			$	9,066
Accrued expenses			706				1,165
Temporary differences related to R&D expenses			922				1,052
Equity-based compensation			2,563				2,625
Tax credit carry forward			800				875
Other			273				529
Total gross deferred tax assets			14,197				15,312
Valuation allowance			(11,930	)			(12,740	)
Net deferred tax assets		$	2,267			$	2,572
Deferred tax liabilities
Intangible assets		$	1,843			$	915
Other			26				29
Total deferred tax liabilities		$	1,869			$	944
Net deferred tax assets (*)		$	398			$	1,628

(*) Net deferred taxes for the years ended December 31, 2014 and 2015 are all from foreign jurisdictions.

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits

e. Uncertain tax positions

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,
		2014				2015
Beginning of year		$	3,563			$	2,859
Additions for current year tax positions			216				217
Decrease as a result of a lapse of applicable statute of limitations			(920	)			—
Balance at December 31		$	2,859			$	3,076

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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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