XML 57 R40.htm IDEA: XBRL DOCUMENT
v3.7.0.1

TAXES ON INCOME (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Tax Disclosure [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, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Income before taxes on income as reported in the statements of income |  | $ | 3,982 |  |  | $ | 5,256 |  |  | $ | 2,525 |
Statutory tax rate in Israel |  |  | 25 | % |  |  | 26.5 | % |  |  | 26.5 | %
Theoretical taxes on income |  | $ | 996 |  |  | $ | 1,393 |  |  | $ | 669 |
Increase (decrease) in taxes on income resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Tax adjustment for foreign subsidiaries subject to a different tax rate |  |  | 618 |  |  |  | 224 |  |  |  | 457 |
Reduced tax rate on income derived from "Preferred Enterprises" plans |  |  | 75 |  |  |  | 146 |  |  |  | 156 |
Exempt income (Bargain purchase) |  |  | - |  |  |  | (1,281 | ) |  |  | - |
Earnings from foreign subsidiaries (1) |  |  | 2,685 |  |  |  | - |  |  |  | - |
Valuation allowance |  |  | (40 | ) |  |  | (75 | ) |  |  | (100 | )
Tax in respect of prior years |  |  | (151 | ) |  |  | (12 | ) |  |  | (44 | )
Other adjustments |  |  | (200 | ) |  |  | 130 |  |  |  | - |
Permanent differences |  |  | (118 | ) |  |  | 119 |  |  |  | 222 |
Taxes on income as reported in the statements of income |  | $ | 3,865 |  |  | $ | 644 |  |  | $ | 1,360
Schedule of Income (Loss) from Continuing Operations Before Income Tax Domestic and Foreign |
Income before taxes on income is comprised as follows:
|  | Year ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Domestic (Israel) |  | $ | (650 | ) |  | $ | 3,840 |  |  | $ | (1,659 | )
Foreign (United States) |  |  | 4,632 |  |  |  | 1,416 |  |  |  | 4,184 |
|  | $ | 3,982 |  |  | $ | 5,256 |  |  | $ | 2,525
Schedule of Components of Income Tax Provision |
Taxes on income (tax benefit) included in the statements of income:
|  | Year ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Current: |  |  |  |  |  |  |  |  |
Domestic (Israel) |  | $ | 334 |  |  | $ | 225 |  |  | $ | (94 | )
Foreign (United States) |  |  | 1,792 |  |  |  | 452 |  |  |  | 237 |
|  |  | 2,126 |  |  |  | 677 |  |  |  | 143 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Domestic (Israel) |  |  | 2,135 |  |  |  | (170 | ) |  |  | (36 | )
Foreign (United States) |  |  | (245 | ) |  |  | 149 |  |  |  | 1,297 |
|  |  | 1,890 |  |  |  | (21 | ) |  |  | 1,261 |
Previous years: |  |  |  |  |  |  |  |  |  |  |  |
Foreign (United States) |  |  | (151 | ) |  |  | (12 | ) |  |  | (44 | )
|  |  | (151 | ) |  |  | (12 | ) |  |  | (44 | )
|  | $ | 3,865 |  |  | $ | 644 |  |  | $ | 1,360
Schedule of Deferred Tax Assets and Liabilities | Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of TAT's deferred tax liabilities and assets are as follows:
|  | December 31, |
|  | 2016 |  |  | 2015 |
Deferred tax assets (liabilities): |  |  |  |  |  |
Provision for doubtful accounts |  | $ | 102 |  |  | $ | 100 |
Unrealized gains |  |  | 138 |  |  |  | 140 |
Provisions for employee benefits |  |  | 476 |  |  |  | 300 |
Inventory |  |  | 1,608 |  |  |  | 1,114 |
Goodwill and intangible assets |  |  | 360 |  |  |  | 462 |
Tax credits carryforward |  |  | 347 |  |  |  | 693 |
Capital and state tax losses carryforward |  |  | 3,409 |  |  |  | 3,449 |
Net operating losses carryforward |  |  | 817 |  |  |  | 553 |
Other |  |  | 237 |  |  |  | 240 |
Deferred tax assets, before valuation allowance |  | $ | 7,494 |  |  | $ | 7,051 |
Valuation allowance |  |  | (3,409 | ) |  |  | (3,449 | )
Deferred tax assets, net |  | $ | 4,085 |  |  | $ | 3,602 |
Property, plant and equipment and intangible assets |  |  | (2,643 | ) |  |  | (2,473 | )
Earnings from foreign subsidiaries (1) |  |  | (2,259 | ) |  |  | - |
Other temporary differences deferred tax liabilities |  |  | (225 | ) |  |  | (501 | )
Deferred tax liabilities |  | $ | (5,127 | ) |  | $ | (2,974 | )
Net |  | $ | (1,042 | ) |  | $ | 628 |
| (1) | During 2016, the Company recorded an accrual that related to a deferred tax liability due to the possibility of future distribution of earnings from foreign subsidiaries of the company.
Schedule of changes in valuation allowance for deferred tax assets | The following table summarizes the changes in the valuation allowance for deferred tax assets:
Balance, December 31, 2013 |  | $ | 3,306 |
Addition charged to expenses |  |  | 268 |
Balance, December 31,2014 |  |  | 3,574 |
Deductions charged to expenses |  |  | (125 | )
Balance, December 31,2015 |  |  | 3,449 |
Deductions charged to expenses |  |  | (40 | )
Balance, December 31,2016 |  | $ | 3,409 |

X
- Definition Tabular disclosure of changes in deferred tax assets valuation allowance. + References No definition available. + Details
Name: | tatt_DeferredTaxAssetsChangeInValuationAllowanceTableTextBlock
Namespace Prefix: | tatt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=65882285&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=65882285&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration