Schedule of Components of the Company’s Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

	December 31,
	2022			2023
Deferred tax liabilities:
Intangible assets	$	12,311		$	13,789
Reserves and allowances		1,142			530
Right-of-use assets		5,133			5,169

Gross deferred tax liabilities	$	18,586		$	19,488

Deferred tax assets:

Carry-forwards losses	$	349		$	3,668
Intangible assets		540			1,495
Reserves and allowances		5,628			4,054
Lease liabilities		5,001			5,390

Gross deferred tax assets	$	11,518		$	14,607
Net deferred tax liabilities	$	(7,068	)	$	(4,881	)

Schedule of Components of the Company’s Deferred Tax Assets and Liabilities

The following table presents reconciliation between the theoretical tax expense, assuming that all income was taxed at statutory tax rates, and the actual income tax expense, as recorded in the Company’s consolidated statements of profit or loss:

	Year ended December 31,
	2021			2022			2023

Income before income taxes, as per the statement of operations	$	45,617		$	57,417		$	52,436

Statutory tax rate in Israel		23	%		23	%		23	%

Tax computed at the statutory tax rate		10,494			13,205			12,060

Tax adjustment in respect of different tax rates		283			(1,756	)		(1,345	)
Deferred taxes on losses for which deferred taxes were not created		(80	)		(511	)		(2,764	)
Tax-deductible costs, not included in the accounting costs		(1,041	)		(2,680	)		-
Non-deductible expenses and tax expenses in respect of prior years, net		1,001			2,670			534
Uncertain tax positions and other		(379	)		210			1,448

Taxes on income	$	10,278		$	11,138		$	9,934