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TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2022

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,
			2022						2021
Deferred tax assets:
Net operating losses carryforward and tax credits			$	51,924					$	50,551
Intra-entity transfer of certain intangible assets (*)			17,252						18,986
Operating leases liabilities			22,878						22,454
Share based payments			38,206						28,721
Research and development costs			62,695						21,643
Reserves, allowances and other			54,774						47,405
Deferred tax assets before valuation allowance			247,729						189,760
Valuation allowance			(12,569)						(10,464)
Deferred tax assets			235,160						179,296
Deferred tax liabilities:
Acquired intangibles			(43,385)						(59,678)
Operating lease right-of-use assets			(20,160)						(19,001)
Acquired deferred revenue			(565)						(1,907)
Internal use software and other fixed assets			(24,766)						(16,835)
Prepaid compensation expenses			(36,724)						(30,788)
Debt			—						(2,937)
Other			(7)						(333)
Deferred tax liabilities			(125,607)						(131,479)
Deferred tax assets, net			$	109,553					$	47,817

(*) During the years ended December 31, 2021 and 2020, 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,
			2022						2021
Deferred tax assets			$	116,889					$	55,246
Deferred tax liabilities			(7,336)						(7,429)
Deferred tax assets, net			$	109,553					$	47,817

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,
			2022						2021						2020
Income before taxes on income, as reported in the consolidated statements of income			$	345,332					$	240,619					$	237,188
Statutory tax rate in Israel			23.0		%				23.0		%				23.0		%
Preferred Enterprise / Preferred Technology Enterprise benefits (*)			(3.3)		%				(2.2)		%				(3.8)		%
Changes in valuation allowance			0.5		%				1.0		%				0.5		%
Earnings taxed under foreign law			0.7		%				0.2		%				(0.5)		%
Tax settlements and other adjustments			0.4		%				(1.8)		%				(0.6)		%
Intangible assets transfer			—		%				(1.7)		%				0.1		%
Other			1.7		%				(1.3)		%				(1.5)		%
Effective tax rate			23.0		%				17.2		%				17.2		%

(*) 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,
			2022						2021						2020
Basic			$	0.18					$	0.08					$	0.15
Diluted			$	0.19					$	0.08					$	0.14

Schedule of Income Before Income Taxes on Income

Income before taxes on income is comprised as follows:

			Year Ended December 31,
			2022						2021						2020
Domestic			$	102,500					$	53,703					$	87,008
Foreign			242,832						186,916						150,180
			$	345,332					$	240,619					$	237,188

Schedule of Taxes on Income (Tax Benefit)

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

			Year Ended December 31,
			2022						2021						2020
Current			$	132,129					$	80,903					$	74,096
Deferred			(52,742)						(39,507)						(33,254)
			79,387						41,396						40,842
Domestic			28,853						16,171						15,995
Foreign			50,534						25,225						24,847
			$	79,387					$	41,396					$	40,842

Of which:

			Year Ended December 31,
			2022						2021						2020
Domestic taxes:
Current			$	29,576					$	27,400					$	22,323
Deferred			(723)						(11,229)						(6,328)
			28,853						16,171						15,995
Foreign taxes:
Current			102,553						53,503						51,773
Deferred			(52,019)						(28,278)						(26,926)
			50,534						25,225						24,847
Taxes on income			$	79,387					$	41,396					$	40,842

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,
			2022						2021
Uncertain tax positions, beginning of year			$	77,047					$	73,256
Increases in tax positions for prior years			2,729						3,190
Increases in tax positions for current year			6,031						9,248
Settlements			—						—
Expiry of the statute of limitations			(5,802)						(8,647)
Uncertain tax positions, end of year			$	80,005					$	77,047

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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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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.

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