XML 53 R39.htm IDEA: XBRL DOCUMENT v3.23.1

Taxes on Income (Tables)

12 Months Ended

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

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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

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

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI https://asc.fasb.org/extlink&oid=126976462&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration