XML 184 R39.htm IDEA: XBRL DOCUMENT v3.21.1

TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2020

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,
			2020						2019
Deferred tax assets:
Net operating losses carryforward and tax credits			$	42,154					$	31,254
Intra-entity transfer of certain intangible assets (*)			20,734						18,798
Operating leases liabilities			24,286						24,398
Share based payments			20,330						19,017
Research and development costs			9,210						3,645
Reserves, allowances and other			46,943						31,090
Deferred tax assets before valuation allowance			163,657						128,202
Valuation allowance			(10,227)						(9,145)
Deferred tax assets			153,430						119,057
Deferred tax liabilities:
Acquired intangibles			(81,320)						(87,711)
Operating lease right-of-use assets			(20,419)						(20,357)
Acquired deferred revenue			(1,785)						(760)
Internal use software and other fixed assets			(19,168)						(14,779)
Prepaid compensation expenses			(23,965)						(17,446)
Debt			(3,679)						—
Other			(2,468)						—
Deferred tax liabilities			(152,804)						(141,053)
Deferred tax assets (liabilities), net			$	626					$	(21,996)

(*) During the years ended December 31, 2020 and 2019, the Company completed intra-entity transfers of certain intangible assets to a different tax jurisdiction. As a result of the transfers, the Company utilized net operating losses carried forward, incurred a tax expense on capital gain, released valuation allowances and recorded a deferred tax asset.

			December 31,
			2020						2019
Deferred tax assets			$	32,735					$	30,513
Deferred tax liabilities			(32,109)						(52,509)
Deferred tax assets ( liabilities) , net			$	626					$	(21,996)

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,
			2020						2019						2018
Income before taxes on income, as reported in the consolidated statements of income			$	237,188					$	234,273					$	186,715
Statutory tax rate in Israel			23.0		%				23.0		%				23.0		%
Preferred Enterprise / Preferred Technology Enterprise benefits (*)			(3.8)		%				(7.7)		%				(13.0)		%
Changes in valuation allowance			0.5		%				0.7						—		%
Earnings taxed under foreign law			(0.5)		%				17.9		%				(1.8)		%
Tax settlements and other adjustments			(0.6)		%				5.8		%				7.0		%
U.S. Tax Reform one-time adjustment			—		%				—		%				(1.6)
Intangible assets transfer			0.1		%				(14.2)		%				—		%
Other			(1.5)		%				(4.9)		%				1.1		%
Effective tax rate			17.2		%				20.6		%				14.7		%

(*)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

			Year Ended December 31,
			2020						2019						2018
Basic			$	0.15					$	0.29					$	0.39
Diluted			$	0.14					$	0.28					$	0.38

Schedule of Income Before Income Taxes on Income

Income before taxes on income is comprised as follows:

			Year Ended December 31,
			2020						2019						2018
Domestic			$	87,008					$	169,236					$	193,664
Foreign			150,180						65,037						(6,949)
			$	237,188					$	234,273					$	186,715

Schedule of Taxes on Income (Tax Benefit)

Taxes on income (tax benefit) are comprised as follows:

			Year Ended December 31,
			2020						2019						2018
Current			$	74,096					$	60,586					$	57,549
Deferred			(33,254)						(12,217)						(30,172)
			40,842						48,369						27,377
Domestic			15,995						8,614						29,947
Foreign			24,847						39,755						(2,570)
			$	40,842					$	48,369					$	27,377

Of which:

			Year Ended December 31,
			2020						2019						2018
Domestic taxes:
Current			$	22,323					$	29,075					$	34,370
Deferred			(6,328)						(20,461)						(4,423)
			15,995						8,614						29,947
Foreign taxes:
Current			51,773						31,196						23,179
Deferred			(26,926)						8,559						(25,749)
			24,847						39,755						(2,570)
Taxes on income			$	40,842					$	48,369					$	27,377

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of uncertain tax position is as follows:

			December 31,
			2020						2019
Uncertain tax positions, beginning of year			$	64,884					$	58,560
Increases/(Decreases) in tax positions for prior years			6,456						(3,443)
Increases in tax positions for current year			6,935						15,749
Settlements			(378)						—
Expiry of the statute of limitations			(4,641)						(5,982)
Uncertain tax positions, end of year			$	73,256					$	64,884

X

- Definition

Tabular disclosure of the effect of the benefit resulting from the "Preferred Enterprise" status on net earnings per ordinary share.

+ References

No definition available.

+ Details

Name:	nice_ScheduleOfEffectOnBenefitResultingFromPreferredEnterpriseStatusOnNetEarningsPerOrdinaryShareTableTextBlock
Namespace Prefix:	nice_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration