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Taxes on Income (Tables)

12 Months Ended

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

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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

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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

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