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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2014
PROPERTY AND EQUIPMENT, NET [Abstract] |
PROPERTY AND EQUIPMENT, NET |
NOTE 8 | - | PROPERTY AND EQUIPMENT, NET
| A. | Composition
|  |  | As of December 31, |
|  |  | 2014 |  |  | 2013 |
| Original cost: |  |  |  |  |  |
| Buildings (including facility infrastructure) |  | $ | 304,919 |  |  | $ | 306,674 |
| Machinery and equipment |  |  | 1,630,834 |  |  |  | 1,400,213 |
|  |  |  | 1,935,753 |  |  |  | 1,706,887 |
| Accumulated depreciation: |  |  |  |  |  |  |  |
| Buildings (including facility infrastructure) |  |  | (189,971) |  |  |  | (173,696 | )
| Machinery and equipment |  |  | (1,326,671) |  |  |  | (1,183,152 | )
|  |  |  | (1,516,642) |  |  |  | (1,356,848 | )
|  |  | $ | 419,111 |  |  | $ | 350,039 |
As of December 31, 2014 and 2013, the original cost of buildings, machinery and equipment was reflected net of investment grants (see B below) in the aggregate of $284,406.
| B. | Investment Grants
In February 2011, Tower received an approval certificate from the Israeli Investment Center for an expansion program for investments in fixed assets in Israel, according to which Tower received grants in the amount of approximately NIS 135 million (approximately $36,000) for eligible investments made by Tower from 2006 to 2012. Entitlement to the above grants is subject to various conditions stipulated by the criteria set forth in the certificate of approval issued by the Israeli Investment Center, as well as by the Israeli Law for the Encouragement of Capital Investments - 1959 (“Investments Law”) and the regulations promulgated thereunder. In the event Tower fails to comply with such conditions, Tower may be required to repay all or a portion of the grants received plus interest and certain inflation adjustments. In order to secure fulfillment of the conditions related to the receipt of investment grants, floating liens were registered in favor of the State of Israel on substantially all of Tower's assets.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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