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Taxes on Income (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets and liabilities |
|  | December 31, |
|  | 2022 |  |  | 2021 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating losses carryforwards*) |  | $ | 7,274 |  |  | $ | 7,142 |
Research and development |  |  | 7,765 |  |  |  | 1,316 |
Lease liability |  |  | 5,094 |  |  |  | 8,725 |
Reserves and allowances |  |  | 4,737 |  |  |  | 5,119 |
Other |  |  | 2,397 |  |  |  | 3,383 |
Deferred tax assets before valuation allowance |  |  | 27,267 |  |  |  | 25,685 |
Valuation allowance |  |  | (4,815 | ) |  |  | (5,104 | )
Deferred tax assets |  |  | 22,452 |  |  |  | 20,581 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Capitalized software development costs |  |  | (3,085 | ) |  |  | (3,045 | )
Lease right-of-use asset |  |  | (4,739 | ) |  |  | (8,098 | )
Acquired intangibles |  |  | (10,538 | ) |  |  | (13,169 | )
Property and equipment |  |  | (229 | ) |  |  | (367 | )
Undistributed earnings |  |  | (5,622 | ) |  |  | **) (8,047 | )
Other |  |  | (184 | ) |  |  | (93 | )
Deferred tax liabilities |  |  | (24,397 | ) |  |  | (32,819 | )
Deferred tax liabilities, net |  | $ | (1,945 | ) |  | $ | (12,238 | )
| *) | Net of $1,145 and $1,180 provision for unrecognized tax benefits related to carryforward losses as of December 31, 2022 and 2021, respectively.
| **) | Include $3,531 related to the Company’s election to release the trapped earnings - see Note 13.a.2.
|  | December 31, |
|  | 2022 |  |  | 2021 |
Deferred tax assets, net |  | $ | 9,418 |  |  | $ | 3,122 |
Deferred tax liabilities, net |  |  | (11,363 | ) |  |  | (15,360 | )
Deferred tax liabilities, net |  | $ | (1,945 | ) |  | $ | (12,238 | )
Schedule of income before income taxes |
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Domestic (Israel) |  | $ | 27,373 |  |  | $ | 39,248 |  |  | $ | 34,037 |
Foreign |  |  | 38,177 |  |  |  | 18,038 |  |  |  | 7,161 |
|  | $ | 65,550 |  |  | $ | 57,286 |  |  | $ | 41,198 |
Schedule of effective income tax rate reconciliation |
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Income before taxes on income, as reported in the statements of income |  | $ | 65,550 |  |  | $ | 57,286 |  |  | $ | 41,198 |
Statutory tax rate in Israel |  |  | 23 | % |  |  | 23 | % |  |  | 23 | %
Theoretical taxes on income |  | $ | 15,077 |  |  | $ | 13,176 |  |  | $ | 9,476 |
Increase (decrease) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Foreign and preferred enterprise tax rates differences |  |  | (5,579 | ) |  |  | (7,338 | ) |  |  | (5,511 | )
Changes in carry forward tax losses and other temporary differences for which valuation allowance was provided |  |  | (289 | ) |  |  | (1,645 | ) |  |  | 558 |
Non-deductible expenses |  |  | 1,100 |  |  |  | 1,437 |  |  |  | 1,722 |
Increase in uncertain tax positions, net |  |  | 2,855 |  |  |  | 616 |  |  |  | 755 |
Undistributed earnings |  |  | (461 | ) |  |  | - |  |  |  | - |
Release of trapped earnings (see note 13.a.2) |  |  | - |  |  |  | 3,531 |  |  |  | - |
Others |  |  | (84 | ) |  |  | 187 |  |  |  | 41 |
Taxes on income, as reported in the statements of income |  | $ | 12,619 |  |  | $ | 9,964 |  |  | $ | 7,041 |
Schedule of taxes on income |
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Current |  | $ | 22,912 |  |  | $ | 11,866 |  |  | $ | 7,543 |
Deferred |  |  | (10,293 | ) |  |  | (1,902 | ) |  |  | (502 | )
|  | $ | 12,619 |  |  | $ | 9,964 |  |  | $ | 7,041 |
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Domestic (Israel) |  | $ | 4,194 |  |  | $ | 9,086 |  |  | $ | 3,695 |
Foreign |  |  | 8,425 |  |  |  | 878 |  |  |  | 3,346 |
|  | $ | 12,619 |  |  | $ | 9,964 |  |  | $ | 7,041 |
Schedule of unrecognized tax benefits |
|  | December 31, |
|  | 2022 |  |  | 2021 |
Balance at the beginning of the year |  | $ | 8,920 |  |  | $ | 7,646 |
Increase in tax positions |  |  | 4,455 |  |  |  | 2,731 |
Decrease in tax positions |  |  | (588 | ) |  |  | (290 | )
Statue limitation |  |  | (1,012 | ) |  |  | (890 | )
Tax assessment close |  |  | - |  |  |  | (277 | )
Balance at the end of the year |  | $ | 11,775 |  |  | $ | 8,920 |

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