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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2013
SHAREHOLDERS' EQUITY [Abstract]  
Reconciliation of Ordinary Shares
A reconciliation of opening and closing balances of the number of ordinary shares outstanding is presented below:
 
   
2013
   
2012
   
2011
 
Balance outstanding at beginning of year
    8,798,570       8,815,003       8,815,003  
Purchase of treasury shares
    -       (16,433 )     -  
Exercise of options
    6,666       -       -  
Balance outstanding at end of year
    8,805,236       8,798,570       8,815,003  
Schedule of Stock Options Assumptions
The fair value of the Company's stock options granted under the 2012 plan for the year ended December 31, 2012 was estimated using the following assumptions:

   
2012
     
Expected stock price volatility
 
41.57% - 43.4%
Expected option life (in years)
 
2.23 - 3.23
Risk free interest rate
 
0.23% - 0.32%
Dividend yield
 
9.8%
Schedule of Stock Option Activity
The following table is a summary of the activity of TAT's stock Option plan:

   
Year ended December 31,
 
   
2013
 
   
Number
of
options
   
Weighted
average
exercise
price
 
             
Outstanding at the beginning of the year
    285,000     $ 6.50  
Granted
    -       -  
Expired
    -       -  
Forfeited
    (133,334 )     6.50  
Exercised
    (6,666 )     6.50  
                 
Outstanding at the end of the year
    145,000     $ 6.50  
                 
Exercisable options
    24,167     $ 6.50