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INCOME TAXES (Schedule of Deferred Tax Asset/Liability) (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Net deferred tax asset - current:    
Net operating loss carryforward [1],[2] $ 797
Employees benefits and compensation [1],[2] 3,895
Others [1],[2] 5,480
Current deferred tax benefit, gross [1],[2] 10,172
Valuation allowance, see F below [1],[2] (3,014)
Total net current deferred tax asset [1],[2] 7,158
Deferred tax assets:    
Net operating loss carryforward [1],[2] 103,197 306,496
Employees benefits and compensation [1],[2] 4,895 2,405
Accruals and reserves [1],[2] 2,415
Research and development [1],[2] 1,707 1,940
Others [1],[2] 6,129 3,403
Gross deferred tax assets - long-term [1],[2] 118,343 314,244
Valuation allowance, see F below [1],[2] (5,807) (279,898)
Deferred tax assets [1],[2] 112,536 34,346
Deferred tax liabilities:    
Depreciation and amortization [1],[2] (77,092) (96,242)
Gain on TPSCo acquisition [1],[2] (15,957) (30,653)
Others [1],[2] (559) (2,684)
Deferred tax liability [1],[2] (93,608) (129,579)
Presented in long term deferred tax assets [1],[2] 82,852
Presented in long term deferred tax liabilities [1],[2] $ (63,924) $ (95,233)
[1] In 2017, the Company adopted ASU 2015-17 regarding classification of deferred taxes, prospectively, following which, effective 2017, deferred taxes are not presented as current assets.
[2] deferred tax assets and liabilities relating to Tower for 2017 are computed based on the Israeli preferred enterprise tax rate of 7.5% and for 2016 are computed based on the effective Israeli statutory tax rate of 20%.