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Taxes on Income (Tables) | 12 Months Ended
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Dec. 31, 2013
Taxes on Income [Abstract] |
Income Before Income Taxes and Income Taxes Expense (Benefit) Included in The Consolidated Statements of Operations |
|  | Year ended December 31 |
|  | 2011 |  |  | 2012 |  |  | 2013 |
|  | US$ thousands |
Income before income taxes: |  |  |  |  |  |  |  |  |
Israel |  |  | 8,899 |  |  |  | 10,086 |  |  |  | 16,857 |
Foreign jurisdiction |  |  | 11 |  |  |  | 695 |  |  |  | 1,125 |
|  |  | 8,910 |  |  |  | 10,781 |  |  |  | 17,982 |
Current taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 619 |  |  |  | 784 |  |  |  | 949 |
Foreign jurisdiction |  |  | - |  |  |  | 116 |  |  |  | 479 |
|  |  | 619 |  |  |  | 900 |  |  |  | 1,428 |
Tax (benefits) expenses relating to prior years: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | (38 | ) |  |  | (12 | ) |  |  | 29 |
Deferred taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 73 |  |  |  | (3 | ) |  |  | (552 | )
Foreign jurisdiction |  |  | 13 |  |  |  | 25 |  |  |  | - |
|  |  | 86 |  |  |  | 22 |  |  |  | (552 | )
Income tax expense |  |  | 667 |  |  |  | 910 |  |  |  | 905 |
Deferred Income Taxes |
The tax effects of significant items comprising the Company's deferred tax assets are as follows:
|  | December 31 |  |  | December 31 |
|  | 2012 |  |  | 2013 |
|  | US$ thousands |  |  | US$ thousands |
Deferred tax assets: |  |  |  |  |  |
Accrued employee benefits |  |  | 147 |  |  |  | 248 |
Research and development costs |  |  | 8 |  |  |  | 458 |
PPE |  |  | 5 |  |  |  | 5 |
Other |  |  | 1 |  |  |  | 2 |
Total gross deferred tax assets |  |  | 161 |  |  |  | 713 |
Net deferred tax assets |  |  | 161 |  |  |  | 713 |
Current |  |  | 47 |  |  |  | 274 |
Non-current |  |  | 114 |  |  |  | 439 |
Total |  |  | 161 |  |  |  | 713
Reconciliation of the Statutory Tax Expense to Actual Tax Expense |
Reconciliation of the statutory tax expense to actual tax expense
|  | Year ended December 31 |
|  | 2011 |  |  | 2012 |  |  | 2013 |
|  | US$ thousands |
Income before income taxes |  |  | 8,910 |  |  |  | 10,781 |  |  |  | 17,982 |
Statutory tax rate in Israel |  |  | 24 | % |  |  | 25 | % |  |  | 25 | %
|  |  | 2,138 |  |  |  | 2,695 |  |  |  | 4,496 |
Increase (decrease) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Non-deductible operating expenses |  |  | 123 |  |  |  | 159 |  |  |  | 205 |
Prior year adjustments |  |  | (38 | ) |  |  | (12 | ) |  |  | 29 |
Change in valuation allowance |  |  | 12 |  |  |  | (63 | ) |  |  | - |
Tax effect due to "Approved Enterprise" status |  |  | (1,640 | ) |  |  | (2,063 | ) |  |  | (4,396 | )
Taxes related to foreign jurisdictions |  |  | - |  |  |  | 30 |  |  |  | 198 |
Changes in tax rate |  |  | 65 |  |  |  | (58 | ) |  |  | 399 |
Other |  |  | 7 |  |  |  | 222 |  |  |  | (26 | )
Income tax expense |  |  | 667 |  |  |  | 910 |  |  |  | 905

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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 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=6907707&loc=d3e32537-109319 + Details
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- 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=6907707&loc=d3e32687-109319 + Details
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