XML 218 R73.htm IDEA: XBRL DOCUMENT v3.21.1
TAXES ON INCOME (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Tax Disclosure [Abstract]      
Income before taxes on income, as reported in the consolidated statements of income $ 237,188 $ 234,273 $ 186,715
Statutory tax rate in Israel 23.00% 23.00% 23.00%
Preferred Enterprise / Preferred Technology Enterprise benefits (3.80%) (7.70%) (13.00%)
Changes in valuation allowance 0.50% 0.70% 0.00%
Earnings taxed under foreign law (0.50%) 17.90% (1.80%)
Tax settlements and other adjustments (0.60%) 5.80% 7.00%
U.S. Tax Reform one-time adjustment 0.00% 0.00% (1.60%)
Intangible assets transfer 0.10% (14.20%) 0.00%
Other (1.50%) (4.90%) 1.10%
Effective tax rate 17.20% 20.60% 14.70%