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TAXES ON INCOME (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of Deferred Tax Assets and Liabilities | Deferred taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts recorded for tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows:
|  | December 31, |
|  | 2018 |  |  | 2017 |
Deferred tax assets: |  |  |  |  |  |
Net operating losses carryforward and tax credits |  | $ | 88,528 |  |  | $ | 79,196 |
Share based payments |  |  | 21,631 |  |  |  | 16,142 |
Research and development costs |  |  | 3,473 |  |  |  | 3,606 |
Reserves, allowances and other |  |  | 21,838 |  |  |  | 13,313 |
Deferred tax assets before valuation allowance |  |  | 135,470 |  |  |  | 112,257 |
Valuation allowance |  |  | (11,211 | ) |  |  | (8,853 | )
Deferred tax assets |  |  | 124,259 |  |  |  | 103,404 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Acquired intangibles |  |  | (126,318 | ) |  |  | (142,352 | )
Acquired deferred revenue |  |  | (2,033 | ) |  |  | (2,600 | )
Internal Use Software and other Fixed Assets |  |  | (15,677 | ) |  |  | (4,398 | )
Prepaid Compensation Expenses |  |  | (12,062 | ) |  |  | - |
Deferred tax liabilities |  |  | (156,090 | ) |  |  | (149,350 | )
Deferred tax liabilities, net |  | $ | (31,831 | ) |  | $ | (45,946 | )
|  | December 31, |
|  | 2018 |  |  | 2017 |
Deferred tax assets |  | $ | 12,309 |  |  | $ | 11,850 |
Deferred tax liabilities |  |  | (44,140 | ) |  |  | (57,796 | )
Deferred tax liabilities, net |  | $ | (31,831 | ) |  | $ | (45,946 | )
Schedule of Effective Income Tax Rate Reconciliation |
| A reconciliation of the Company's effective tax rate to the statutory tax rate in Israel is as follows:
|  | Year ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Income before taxes on income, as reported in the consolidated statements of income |  | $ | 186,715 |  |  | $ | 129,660 |  |  | $ | 144,481 |
Statutory tax rate in Israel |  |  | 23.0 | % |  |  | 24.0 | % |  |  | 25.0 | %
Preferred Enterprise / Preferred Technology Enterprise benefits (*) |  |  | (13.0 | )% |  |  | (16.8 | )% |  |  | (8.9 | )%
Changes in valuation allowance |  |  | (0.0 | % |  |  | 0.0 | % |  |  | 1.0 | %
Earnings taxed under foreign law |  |  | (1.8 | )% |  |  | (4.6 | )% |  |  | (7.7 | )%
Tax settlements and other adjustments |  |  | 7.0 | % |  |  | 14.3 | % |  |  | 5.8 | %
U.S. Tax Reform one-time adjustment |  |  | (1.6 | )% |  |  | (23.9 | )% |  |  | - |
Other |  |  | 1.1 | % |  |  | (3.5 | )% |  |  | (0.4 | )%
Effective tax rate |  |  | 14.7 | % |  |  | (10.5 | )% |  |  | 14.8 | %
| (*) | The effect of the benefit resulting from the "Preferred Enterprise/Preferred Technology Enterprise benefits " status on net earnings per ordinary share is as follows:
Schedule of Effect on Benefit Resulting from "Preferred Enterprise" Status on Net Earnings Per Ordinary Share |
| The effect of the benefit resulting from the "Preferred Enterprise/Preferred Technology Enterprise benefits " status on net earnings per ordinary share is as follows:
|  | Year ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Basic |  | $ | 0.39 |  |  | $ | 0.36 |  |  | $ | 0.22 |
Diluted |  | $ | 0.38 |  |  | $ | 0.35 |  |  | $ | 0.21
Schedule of Income Before Income Tax, Domestic and Foreign |
| Income before taxes on income is comprised as follows:
|  | Year ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Domestic |  | $ | 193,664 |  |  | $ | 188,070 |  |  | $ | 131,111 |
Foreign |  |  | (6,949 | ) |  |  | (58,410 | ) |  |  | 13,370 |
|  | $ | 186,715 |  |  | $ | 129,660 |  |  | $ | 144,481 |
Schedule of Taxes on Income | Taxes on income (tax benefit) are comprised as follows:
|  | Year ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Current |  | $ | 57,549 |  |  | $ | 57,174 |  |  | $ | 47,318 |
Deferred |  |  | (30,172 | ) |  |  | (70,805 | ) |  |  | (25,906 | )
|  | $ | 27,377 |  |  | $ | (13,631 | ) |  | $ | 21,412 |
Domestic |  | $ | 29,947 |  |  | $ | 27,673 |  |  | $ | 28,097 |
Foreign |  |  | (2,570 | ) |  |  | (41,304 | ) |  |  | (6,685 | )
|  | $ | 27,377 |  |  | $ | (13,631 | ) |  | $ | 21,412 |
Of which:
|  | Year ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Domestic taxes: |  |  |  |  |  |  |  |  |
Current |  | $ | 34,370 |  |  | $ | 22,808 |  |  | $ | 27,932 |
Deferred |  |  | (4,423 | ) |  |  | 4,865 |  |  |  | 165 |
|  |  | 29,947 |  |  |  | 27,673 |  |  |  | 28,097 |
Foreign taxes: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 23,179 |  |  |  | 34,366 |  |  |  | 19,386 |
Deferred |  |  | (25,749 | ) |  |  | (75,670 | ) |  |  | (26,071 | )
|  |  | (2,570 | ) |  |  | (41,304 | ) |  |  | (6,685 | )
Taxes on income (tax benefit) |  | $ | 27,377 |  |  | $ | (13,631 | ) |  | $ | 21,412 |
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending balances of the total amounts of unrecognized tax benefits is as follows:
|  | December 31, |
|  | 2018 |  |  | 2017 |
Uncertain tax positions, beginning of year |  | $ | 43,984 |  |  | $ | 26,659 |
Increases in tax positions for prior years |  |  | 5,121 |  |  |  | 5,105 |
Increases in tax positions for current year |  |  | 13,353 |  |  |  | 15,140 |
Settlements |  |  | (3,471 | ) |  |  | - |
Expiry of the statute of limitations |  |  | (427 | ) |  |  | (2,920 | )
Uncertain tax positions, end of year |  | $ | 58,560 |  |  | $ | 43,984

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