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TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2018

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,
		2018				2017				2016
Income (loss) before taxes on income (tax benefit) as reported in the statements of income		$	(5,732	)		$	4,939			$	3,982
Statutory tax rate in Israel			23	%			24	%			25	%
Theoretical taxes on income (tax benefit)		$	(1,318	)		$	1,185			$	996
Increase (decrease) in taxes on income resulting from:
Tax adjustment for foreign subsidiaries subject to a different tax rate			(9	)			518				618
Reduced tax rate on income derived from "Preferred Enterprises" plans			421				(111	)			75
Earnings from foreign subsidiaries (1)			(338	)			371				2,685
Valuation allowance			(42	)			8				(40	)
Change in tax rate			-				414				-
Tax in respect of prior years			(481	)			7				(151	)
Temporary differences for which no deferred taxes were recorded			8				-				-
Permanent differences			245				(104	)			(118	)
Other adjustments			50				45				(200	)
Taxes on income as reported in the statements of income		$	(1,464	)		$	2,333			$	3,865

(1) During 2018, 2017 and 2016, the Company recorded an accrual that related to a tax liability due to actual distribution of earnings from foreign subsidiaries of the Company and due to the possibility of future distribution of earnings from such foreign subsidiaries.

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,
		2018				2017				2016
Domestic (Israel)		$	(5,261	)		$	1,337			$	(650	)
Foreign (United States)			(471	)			3,602				4,632
		$	(5,732	)		$	4,939			$	3,982

Schedule of Components of Income Tax Provision

Taxes on income (tax benefit) included in the statements of income:

		Year ended December 31,
		2018				2017				2016
Current:
Domestic (Israel)		$	-			$	431			$	334
Foreign (United States)			(881	)			1,937				1,792
			(881	)			2,368				2,126
Deferred:
Domestic (Israel)			(813	)			210				2,135
Foreign (United States)			711				(252	)			(245	)
			(102	)			(42	)			1,890
Previous years:
Foreign (United States)			(481	)			7				(151	)
			(481	)			7				(151	)
		$	(1,464	)		$	2,333			$	3,865

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,
		2018				2017
Deferred tax assets:
Provision for doubtful accounts		$	59			$	160
Unrealized gains			-				124
Provisions for employee benefits			267				369
Inventory			975				1,397
Goodwill and intangible assets			100				156
Tax credits carryforward			-				75
Capital and state tax losses carryforward			3,375				3,417
Net operating losses carryforward			1,102				509
Other			288				246
Deferred tax assets, before valuation allowance		$	6,166			$	6,453
Valuation allowance			(3,375	)			(3,417	)
Deferred tax assets, net		$	2,791			$	3,036
Deferred tax liabilities:
Property, plant and equipment and intangible assets			(2,085	)			(2,120	)
Earnings from foreign subsidiaries (1)			(1,862	)			(2,200	)
Other temporary differences deferred tax liabilities			(166	)			(140	)
Deferred tax liabilities		$	(4,113	)		$	(4,460	)
Net		$	(1,322	)		$	(1,424	)

(1) The Company record 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, 2015		$	3,449
Deductions during the year			(40	)
Balance, December 31,2016			3,409
Deductions during the year			8
Balance, December 31,2017			3,417
Additions during the year			(42	)
Balance, December 31,2018		$	3,375

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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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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.

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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.

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