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TAXES ON INCOME (Tables) | 12 Months Ended
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Dec. 31, 2013
TAXES ON INCOME [Abstract] |
Schedule of Reconciliation of Tax Provisions to the Domestic and Effective Tax Rate | A reconciliation of the theoretical tax expense assuming all income is taxed at the statutory rate to taxes on income (tax benefit) as reported in the statements of income:
|  | Year ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Income (loss) before taxes on income (tax benefit) as reported in the statements of income |  | $ | 5,267 |  |  | $ | 5,279 |  |  | $ | (1,148 | )
Statutory tax rate in Israel |  |  | 25 | % |  |  | 25 | % |  |  | 24 | %
Theoretical taxes on income (tax benefit) |  | $ | 1,317 |  |  | $ | 1,320 |  |  | $ | (276 | )
Increase (decrease) in taxes on income resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Tax adjustment for foreign subsidiaries subject to a different tax rate |  |  | 453 |  |  |  | 434 |  |  |  | (73 | )
Reduced tax rate on income derived from "Preferred Enterprises" plans |  |  | (255 | ) |  |  | (143 | ) |  |  | 103 |
Change in enacted tax rates |  |  | 34 |  |  |  | - |  |  |  | - |
Exempt income |  |  | - |  |  |  | (4 | ) |  |  | (10 | )
Valuation allowance |  |  | 294 |  |  |  | 499 |  |  |  | - |
Tax in respect of prior years |  |  | (342 | ) |  |  | (83 | ) |  |  | (24 | )
Permanent differences |  |  | (460 | ) |  |  | 67 |  |  |  | (55 | )
Taxes on income (tax benefit) as reported in the statements of income (loss) |  | $ | 1,041 |  |  | $ | 2,090 |  |  | $ | (335 | )
Schedule of Income (Loss) from Continuing Operations Before Income Tax Domestic and Foreign |
Income (loss) before taxes on income (tax benefit) is comprised as follows:
|  | Year ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Domestic (Israel) |  | $ | 1,942 |  |  | $ | 2,046 |  |  | $ | 1,547 |
Foreign (United States) |  |  | 3,325 |  |  |  | 3,233 |  |  |  | (2,695 | )
|  | $ | 5,267 |  |  | $ | 5,279 |  |  | $ | (1,148 | )
Schedule of Components of Income Tax Provision |
Taxes on income (tax benefit) included in the statements of income:
|  | Year ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Current: |  |  |  |  |  |  |  |  |
Domestic (Israel) |  | $ | 160 |  |  | $ | 282 |  |  | $ | 373 |
Foreign (United States) |  |  | 334 |  |  |  | 295 |  |  |  | 213 |
|  |  | 494 |  |  |  | 577 |  |  |  | 586 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Domestic (Israel) |  |  | 15 |  |  |  | 115 |  |  |  | 245 |
Foreign (United States) |  |  | 874 |  |  |  | 1,481 |  |  |  | (1,142 | )
|  |  | 889 |  |  |  | 1,596 |  |  |  | (897 | )
Previous years: |  |  |  |  |  |  |  |  |  |  |  |
Domestic (Israel) |  |  | (209 | ) |  |  | (45 | ) |  |  | (71 | )
Foreign (United States) |  |  | (133 | ) |  |  | (38 | ) |  |  | 47 |
|  |  | (342 | ) |  |  | (83 | ) |  |  | (24 | )
|  | $ | 1,041 |  |  | $ | 2,090 |  |  | $ | (335 | )
Schedule of Deferred Tax Assets and Liabilities | Significant components of TAT's deferred tax liabilities and assets are as follows:
|  | December 31, |
|  | 2013 |  |  | 2012 |
Deferred tax assets (liabilities): |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 47 |  |  | $ | 133 |
Unrealized gains |  |  | 146 |  |  |  | 131 |
Provisions for employee benefits |  |  | 277 |  |  |  | 270 |
Inventory |  |  | 920 |  |  |  | 1,171 |
Other temporary differences |  |  | 199 |  |  |  | 417 |
Deferred tax assets - short-term- other accounts receivables |  | $ | 1,589 |  |  | $ | 2,122 |
Goodwill and intangible assets |  | $ | 671 |  |  | $ | 884 |
Property, plant and equipment |  |  | 18 |  |  |  | 707 |
Provisions for employee benefits and other temporary differences |  |  | 38 |  |  |  | 64 |
Tax credits carryforward |  |  | 447 |  |  |  | 274 |
Capital and state tax losses carryforward |  |  | 3,306 |  |  |  | 1,823 |
Net operating losses carryforward |  |  | 419 |  |  |  | 606 |
Other |  |  | 23 |  |  |  | - |
Deferred tax assets, before valuation allowance - Long-term |  |  | 4,922 |  |  |  | 4,358 |
Valuation allowance |  |  | (3,306 | ) |  |  | (1,823 | )
Deferred tax assets, net - long-term |  | $ | 1,616 |  |  | $ | 2,535 |
Other temporary differences deferred tax liabilities - short-term- other accounts receivable |  | $ | (40 | ) |  | $ | (126 | )
Property, plant and equipment and intangible assets |  |  | (1,003 | ) |  |  | (1,457 | )
Other |  |  | (55 | ) |  |  | (33 | )
Deferred tax Liabilities - Long-term |  | $ | (1,058 | ) |  | $ | (1,490 | )
Reconciliation of the Amount of Unrecognized Tax Benefits |
A reconciliation of the beginning and ending amount of unrecognized provision is as follows:
|  | Amount |
Balance at January 1, 2011 |  | $ | 84 |
Exchange rate differences |  |  | 2 |
Balance at December 31, 2011 |  |  | 86 |
Exchange rate differences |  |  | (2 | )
Balance at December 31, 2012 |  |  | 84 |
Exchange rate differences |  |  | 6 |
Utilization upon assessment |  |  | (90 | )
Balance at December 31, 2013 |  | $ | - |
Schedule of Supplemental Consolidated Balance Sheets Information |
|  | Warranty provision |  |  | Allowance for Doubtful Accounts |
Balance, as of January 1, 2011 |  |  | 341 |  |  |  | 2,419 |
Additions |  |  | 169 |  |  |  | 31 |
Utilization |  |  | (222 | ) |  |  | - |
Write-offs, net of recoveries |  |  | - |  |  |  | (2,260 | )
Balance, as of December 31, 2011 |  |  | 288 |  |  |  | 190 |
Additions |  |  | 196 |  |  |  | 258 |
Utilization |  |  | (208 | ) |  |  | - |
Write-offs, net of recoveries |  |  | - |  |  |  | (72 | )
Balance, as of December 31, 2012 |  | $ | 276 |  |  | $ | 376 |
Additions |  |  | 186 |  |  |  | 17 |
Utilization |  |  | (190 | ) |  |  | - |
Write-offs, net of recoveries |  |  | - |  |  |  | (270 | )
Less: Held for sale |  |  | (43 | ) |  |  | - |
Balance, as of December 31, 2013 |  | $ | 229 |  |  | $ | 123 |

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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 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 tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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