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TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

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

			December 31,
			2021						2020
Deferred tax assets:
Net operating losses carryforward and tax credits			$	50,551					$	42,154
Intra-entity transfer of certain intangible assets (*)			18,986						20,734
Operating leases liabilities			22,454						24,286
Share based payments			28,721						20,330
Research and development costs			21,643						9,210
Reserves, allowances and other			47,405						46,943
Deferred tax assets before valuation allowance			189,760						163,657
Valuation allowance			(10,464)						(10,227)
Deferred tax assets			179,296						153,430
Deferred tax liabilities:
Acquired intangibles			(59,678)						(81,320)
Operating lease right-of-use assets			(19,001)						(20,419)
Acquired deferred revenue			(1,907)						(1,785)
Internal use software and other fixed assets			(16,835)						(19,168)
Prepaid compensation expenses			(30,788)						(23,965)
Debt			(2,937)						(3,679)
Other			(333)						(2,468)
Deferred tax liabilities			(131,479)						(152,804)
Deferred tax assets, net			$	47,817					$	626

(*) During the years ended December 31, 2021, 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,
			2021						2020
Deferred tax assets			$	55,246					$	32,735
Deferred tax liabilities			(7,429)						(32,109)
Deferred tax assets, net			$	47,817					$	626

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,
			2021						2020						2019
Income before taxes on income, as reported in the consolidated statements of income			$	240,619					$	237,188					$	234,273
Statutory tax rate in Israel			23.0		%				23.0		%				23.0		%
Preferred Enterprise / Preferred Technology Enterprise benefits (*)			(2.2)		%				(3.8)		%				(7.7)		%
Changes in valuation allowance			1.0		%				0.5						0.7		%
Earnings taxed under foreign law			0.2		%				(0.5)		%				17.9		%
Tax settlements and other adjustments			(1.8)		%				(0.6)		%				5.8		%
Intangible assets transfer			(1.7)		%				0.1		%				(14.2)		%
Other			(1.3)		%				(1.5)		%				(4.9)		%
Effective tax rate			17.2		%				17.2		%				20.6		%

(*) 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,
			2021						2020						2019
Basic			$	0.08					$	0.15					$	0.29
Diluted			$	0.08					$	0.14					$	0.28

Schedule of Income Before Income Taxes on Income

Income before taxes on income is comprised as follows:

			Year Ended December 31,
			2021						2020						2019
Domestic			$	53,703					$	87,008					$	169,236
Foreign			186,916						150,180						65,037
			$	240,619					$	237,188					$	234,273

Schedule of Taxes on Income (Tax Benefit)

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

			Year Ended December 31,
			2021						2020						2019
Current			$	80,903					$	74,096					$	60,586
Deferred			(39,507)						(33,254)						(12,217)
			41,396						40,842						48,369
Domestic			16,171						15,995						8,614
Foreign			25,225						24,847						39,755
			$	41,396					$	40,842					$	48,369

Of which:

			Year Ended December 31,
			2021						2020						2019
Domestic taxes:
Current			$	27,400					$	22,323					$	29,075
Deferred			(11,229)						(6,328)						(20,461)
			16,171						15,995						8,614
Foreign taxes:
Current			53,503						51,773						31,196
Deferred			(28,278)						(26,926)						8,559
			25,225						24,847						39,755
Taxes on income			$	41,396					$	40,842					$	48,369

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,
			2021						2020
Uncertain tax positions, beginning of year			$	73,256					$	64,884
Increases in tax positions for prior years			3,190						6,456
Increases in tax positions for current year			9,248						6,935
Settlements			—						(378)
Expiry of the statute of limitations			(8,647)						(4,641)
Uncertain tax positions, end of year			$	77,047					$	73,256

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

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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.

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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.

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