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Taxes on Income (Tables) | 12 Months Ended
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Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Income Before Income Taxes and Income Taxes Expense (Benefit) Included in The Consolidated Statements of Operations |
Income before income taxes and income taxes expense (benefit) included in the consolidated statements of operations
|  | Year ended December 31 |
|  | 2014 |  |  | 2015 |  |  | 2016 |
|  | US$ thousands |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |
Israel |  |  | 16,522 |  |  |  | 19,486 |  |  |  | 15,541 |
Foreign jurisdiction |  |  | 787 |  |  |  | (1,061 | ) |  |  | 324 |
|  |  | 17,309 |  |  |  | 18,425 |  |  |  | 15,865 |
Current taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 2,494 |  |  |  | 2,383 |  |  |  | 2,242 |
Foreign jurisdiction |  |  | 409 |  |  |  | 465 |  |  |  | 720 |
|  |  | 2,903 |  |  |  | 2,848 |  |  |  | 2,962 |
Current tax (benefits) expenses relating to prior years: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 20 |  |  |  | - |  |  |  | 26 |
Foreign jurisdiction |  |  | - |  |  |  | (36 | ) |  |  | - |
|  |  | 20 |  |  |  | (36 | ) |  |  | 26 |
Deferred taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | (200 | ) |  |  | (437 | ) |  |  | 10 |
Foreign jurisdiction |  |  | (19 | ) |  |  | (470 | ) |  |  | (270 | )
|  |  | (219 | ) |  |  | (907 | ) |  |  | (260 | )
Income tax expense |  |  | 2,704 |  |  |  | 1,905 |  |  |  | 2,728 |
Deferred Income Taxes | The tax effects of significant items comprising the Company's deferred tax assets are as follows:
|  | December 31 |  |  | December 31 |
|  | 2015 |  |  | 2016 |
|  | US$ thousands |  |  | US$ thousands |
Deferred tax assets: |  |  |  |  |  |
Accrued employee benefits |  |  | 247 |  |  |  | 261 |
Research and development costs |  |  | 679 |  |  |  | 921 |
Tax loss carryforwards |  |  | 177 |  |  |  | 338 |
PPE |  |  | 16 |  |  |  | 15 |
Inventory |  |  | 160 |  |  |  | - |
Share based compensation |  |  | 245 |  |  |  | 246 |
Intangible assets |  |  | - |  |  |  | 107 |
Other |  |  | 21 |  |  |  | 2 |
Total gross deferred tax assets |  |  | 1,545 |  |  |  | 1,890 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | (243 | ) |  |  | (138 | )
Goodwill |  |  | (61 | ) |  |  | (215 | )
Other |  |  | 36 |  |  |  | - |
Total gross deferred tax liabilities |  |  | (268 | ) |  |  | (353 | )
Net deferred tax assets |  |  | 1,277 |  |  |  | 1,537 |
In Israel |  |  | 1,348 |  |  |  | 1,338 |
Foreign jurisdictions |  |  | (71 | ) |  |  | 199 |
Net deferred tax assets |  |  | 1,277 |  |  |  | 1,537 |
Non-current deferred tax assets |  |  | 1,545 |  |  |  | 1,537 |
Non-current deferred tax liabilities |  |  | (268 | ) |  |  | - |
Net deferred tax assets |  |  | 1,277 |  |  |  | 1,537
Reconciliation of the Statutory Tax Expense to Actual Tax Expense |
Reconciliation of the statutory tax expense to actual tax expense
|  | Year ended December 31 |
|  | 2014 |  |  | 2015 |  |  | 2016 |
|  | US$ thousands |
Income before income taxes |  |  | 17,309 |  |  |  | 18,425 |  |  |  | 15,865 |
Statutory tax rate in Israel |  |  | 26.5 | % |  |  | 26.5 | % |  |  | 25.0 | %
|  |  | 4,587 |  |  |  | 4,883 |  |  |  | 3,966 |
Increase (decrease) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Non-deductible operating expenses, net |  |  | 476 |  |  |  | 209 |  |  |  | 228 |
Non-taxable income |  |  | - |  |  |  | (819 | ) |  |  | (84 | )
Prior year adjustments |  |  | 20 |  |  |  | (36 | ) |  |  | 26 |
Tax effect due to "Approved/Benefited/ |  |  |  |  |  |  |  |  |  |  |  |
Preferred Enterprise" status |  |  | (2,588 | ) |  |  | (2,368 | ) |  |  | (1,924 | )
Taxes related to foreign jurisdictions |  |  | 181 |  |  |  | 250 |  |  |  | 324 |
Changes in tax rate |  |  | - |  |  |  | 35 |  |  |  | 94 |
Creation of deferred taxes for tax losses and |  |  |  |  |  |  |  |  |  |  |  |
benefits from previous years for which deferred |  |  |  |  |  |  |  |  |  |  |  |
taxes were not created in the past |  |  | - |  |  |  | (252 | ) |  |  | - |
Other |  |  | 28 |  |  |  | 3 |  |  |  | 98 |
Income tax expense |  |  | 2,704 |  |  |  | 1,905 |  |  |  | 2,728 |

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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=65882285&loc=d3e32537-109319 + Details
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