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Taxes on Income (Tables) | 12 Months Ended
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Dec. 31, 2014
Taxes on Income [Abstract] |
Income Before Income Taxes and Income Taxes Expense (Benefit) Included in The Consolidated Statements of Operations |
|  |  |  |  | Year ended December 31
|  |  |  |  | 2012 |  |  | 2013 |  |  | 2014
|  |  |  |  |  |  |  | US$ thousands |  |  |
Income before income taxes: |  |  |  |  |  |  |  |  |  |  |
Israel |  |  |  |  |  | 10,086 |  |  |  | 16,857 |  |  |  | 16,522
Foreign jurisdiction |  |  |  |  |  | 695 |  |  |  | 1,125 |  |  |  | 787
|  |  |  |  |  | 10,781 |  |  |  | 17,982 |  |  |  | 17,309
Current taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  |  |  |  | 784 |  |  |  | 949 |  |  |  | 2,494
Foreign jurisdiction |  |  |  |  |  | 116 |  |  |  | 479 |  |  |  | 409
|  |  |  |  |  | 900 |  |  |  | 1,428 |  |  |  | 2,903
Current tax (benefits) expenses relating to prior years: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  |  |  |  | (12) |  |  |  | 29 |  |  |  | 20
Deferred taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  |  |  |  | (3) |  |  |  | (552) |  |  |  | (200)
Foreign jurisdiction |  |  |  |  |  | 25 |  |  |  | - |  |  |  | (19)
|  |  |  |  |  | 22 |  |  |  | (552) |  |  |  | (219)
Income tax expense |  |  |  |  |  | 910 |  |  |  | 905 |  |  |  | 2,704
Deferred Income Taxes |
|  |  | December 31 |  |  | December 31
|  |  | 2013 |  |  | 2014
|  |  | US$ thousands |  |  | US$ thousands
Deferred tax assets: |  |  |  |  |  |  |  |  |  |  |
Accrued employee benefits |  |  |  |  | 248 |  |  |  | 248
Research and development costs |  |  |  |  | 458 |  |  |  | 636
PPE |  |  |  |  | 5 |  |  |  | 7
Other |  |  |  |  | 2 |  |  |  | 22
Total gross deferred tax assets |  |  |  |  | 713 |  |  |  | 913
Deferred tax liabilities: |  |  |  |  |  |  |  |  |  |  |
Inventory |  |  |  |  | - |  |  |  | (99)
Intangible assets |  |  |  |  | - |  |  |  | (444)
Total gross deferred tax liabilities |  |  |  |  | - |  |  |  | (543)
Net deferred tax assets |  |  |  |  | 713 |  |  |  | 370
In Israel |  |  |  |  | 713 |  |  |  | 913
Foreign jurisdictions |  |  |  |  | - |  |  |  | (543)
Net deferred tax assets |  |  |  |  | 713 |  |  |  | 370
Current deferred tax assets |  |  |  |  | 274 |  |  |  | 567
Current deferred tax liabilities |  |  |  |  | - |  |  |  | (259)
Non-current deferred tax assets |  |  |  |  | 439 |  |  |  | 346
Non-current deferred tax liabilities |  |  |  |  | - |  |  |  | (284)
Net deferred tax assets |  |  |  |  | 713 |  |  |  | 370
Reconciliation of the Statutory Tax Expense to Actual Tax Expense |
|  |  |  | Year ended December 31
|  |  |  | 2012 |  |  | 2013 |  |  | 2014
|  |  |  |  |  |  | US$ thousands |  |  |
Income before income taxes |  |  |  |  | 10,781 |  |  |  | 17,982 |  |  |  | 17,309
Statutory tax rate in Israel |  |  |  |  | 25.0% |  |  |  | 25.0% |  |  |  | 26.5%
|  |  |  |  | 2,695 |  |  |  | 4,496 |  |  |  | 4,587
Increase (decrease) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-deductible operating expenses |  |  |  |  | 159 |  |  |  | 205 |  |  |  | 476
Prior year adjustments |  |  |  |  | (12) |  |  |  | 29 |  |  |  | 20
Change in valuation allowance |  |  |  |  | (63) |  |  |  | - |  |  |  | -
Tax effect due to "Approved/Benefited/ Preferred Enterprise" status |  |  |  |  | (2,063) |  |  |  | (4,396) |  |  |  | (2,588)
Taxes related to foreign jurisdictions |  |  |  |  | 30 |  |  |  | 198 |  |  |  | 181
Changes in tax rate |  |  |  |  | (58) |  |  |  | 399 |  |  |  | -
Other |  |  |  |  | 222 |  |  |  | (26) |  |  |  | 28
Income tax expense |  |  |  |  | 910 |  |  |  | 905 |  |  |  | 2,704

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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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