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v3.26.1

Taxes On Income (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Expense (Benefit), Continuing Operations [Abstract] |
Schedule Of Income Before Taxes On Income |
| Year ended December 31, 2025 |  | Year ended December 31, 2024 |  | Year ended December 31, 2023
Income before taxes on income: |  |  |  |  |
Domestic | $ | 429,828 |  |  | $ | 326,544 |  |  | $ | 250,831 |
Foreign | 132,087 |  |  | 15,202 |  |  | (24,337) |
| $ | 561,915 |  |  | $ | 341,746 |  |  | $ | 226,494 |
Schedule Of Taxes On Income |
| Year ended December 31, 2025 |  | Year ended December 31, 2024 |  | Year ended December 31, 2023
Current taxes: |  |  |  |  |
Domestic | $ | 90,632 |  |  | $ | 63,326 |  |  | $ | 41,553 |
Foreign | 13,514 |  |  | 11,520 |  |  | 4,045 |
| 104,146 |  |  | 74,846 |  |  | 45,598 |
Adjustment for previous years: |  |  |  |  |
Domestic | 810 |  |  | (19,838) |  |  | (19,404) |
Foreign | 601 |  |  | 92 |  |  | (330) |
| 1,411 |  |  | (19,746) |  |  | (19,734) |
Deferred income taxes: |  |  |  |  |
Domestic | (44,798) |  |  | (16,972) |  |  | (5,434) |
Foreign | (5,220) |  |  | 930 |  |  | 2,483 |
| (50,018) |  |  | (16,042) |  |  | (2,951) |
Total taxes on income | $ | 55,539 |  |  | $ | 39,058 |  |  | $ | 22,913 |
Total: |  |  |  |  |
Domestic | $ | 46,644 |  |  | $ | 26,516 |  |  | $ | 16,715 |
Foreign | 8,895 |  |  | 12,542 |  |  | 6,198 |
Total taxes on income | $ | 55,539 |  |  | $ | 39,058 |  |  | $ | 22,913 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax positions is as follows:
| 2025 |  | 2024
Balance at the beginning of the year | $ | 94,265 |  |  | $ | 81,058 |
Additions related to interest and currency translation | 17,268 |  |  | 3,614 |
Tax positions related to prior period | 110 |  |  | (99) |
Reductions related to settlement of tax matters | (16,950) |  |  | (20,905) |
Additions based on tax positions taken during the current period | 30,487 |  |  | 31,581 |
Reductions related to a lapse of applicable statute of limitation | (344) |  |  | (984) |
Balance at the end of the year | $ | 124,836 |  |  | $ | 94,265 |
Schedule Of Deferred Income Taxes | Significant components of net deferred tax assets and liabilities are based on separate tax jurisdictions as follows:
| December 31, 2025 |  | December 31, 2024
Deferred tax assets: |  |  |
Reserves and allowances | $ | 55,049 |  |  | $ | 27,287 |
Inventory allowances | 23,064 |  |  | 14,740 |
Property, plant and equipment | 1,545 |  |  | 432 |
Operating lease right of use assets | 29,777 |  |  | 24,092 |
Other assets | 145,572 |  |  | 127,217 |
Carry-forward losses | 38,660 |  |  | 47,504 |
| 293,667 |  |  | 241,272 |
Valuation allowance | (47,036) |  |  | (77,913) |
| 246,631 |  |  | 163,359 |
Deferred tax liabilities: |  |  |
Intangible assets | (80,800) |  |  | (73,324) |
Property, plant and equipment | (40,099) |  |  | (38,777) |
Operating lease liabilities | (29,144) |  |  | (23,598) |
Reserves and allowances | (30,454) |  |  | (6,783) |
| (180,497) |  |  | (142,482) |
Net deferred tax assets | $ | 66,134 |  |  | $ | 20,877 |
Schedule Of Effective Income Tax Rate Reconciliation | Reconciliation of the actual tax expense as reported in the statements of operations to the amount computed by applying the Israeli statutory tax rate is as follows:
| Year ended December 31, 2025 |  |
| $ |  | % |  |
Income Before Tax | $ | 561,915 |  |  | — | % |  |
Statutory tax | 129,240 |  |  | 23 | % |  |
Foreign Tax Effect |  |  |  |  |
USA |  |  |  |  |
Tax rate difference | (14,417) |  |  | (3) | % |  |
Changes in valuation allowance | (11,303) |  |  | (2) | % |  |
Other | 1,459 |  |  | — | % |  |
Other foreign jurisdictions | 2,390 |  |  | 1 | % |  |
Preferred tax benefit regimes | (59,422) |  |  | (11) | % |  |
Changes in valuation allowance | (29,488) |  |  | (5) | % |  |
Changes in unrecognized tax benefits | 30,571 |  |  | 6 | % |  |
Other | 6,508 |  |  | 1 | % |  |
Actual tax expenses and effective tax rate | $ | 55,539 |  |  | 10 | % |  |
During the year ended December 31, 2025, the income taxes paid by the Company and its subsidiaries are $56,040, out of which $44,671, and $3,409 were paid in Israel and Belgium, accordingly.
| Year ended December 31, 2024 |  | Year ended December 31, 2023 |  |
Income before taxes as reported in the consolidated statements of income | $ | 341,746 |  | $ | 226,494 |  |
Statutory tax rate | 23 | % |  | 23 | % |  |
Theoretical tax expense | $ | 78,602 |  | $ | 52,094 |  |
Tax benefit arising from reduced rate as "Preferred Enterprise” and other tax benefits (*) | (5,058) |  | (27,741) |  |
Tax adjustment in respect of different tax rates for foreign subsidiaries | 60,100 |  | (3,508) |  |
Changes in carry-forward losses and valuation allowances | (78,356) |  | 12,714 |  |
Taxes resulting from non-deductible expenses | 1,260 |  | 2,299 |  |
Difference in basis of measurement for financial reporting and tax return purposes | 3,835 |  | 8,339 |  |
Taxes in respect of prior years (see Note 18D above) | (19,746) |  | (19,734) |  |
Other differences, net | (1,579) |  | (1,549) |  |
Actual tax expenses | $ | 39,058 |  | $ | 22,913 |  |
Effective tax rate | 11.43 | % |  | 10.12 | % |  |
(*) Net earnings per share – amounts of the benefit resulting from the Approved, Privileged and Preferred Enterprises: |  |  |  |  |
Basic and diluted | $ | 0.11 |  | $ | 0.63 |  |

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