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OTHER CURRENT ASSETS (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Prepaid Expense and Other Assets, Current [Abstract]    
Tax authorities receivables $ 9,144 $ 9,620
Deferred tax asset (see Note 19) [1],[2] 7,158
Prepaid expenses 11,634 6,610
TJT acquisition related receivable (see Note 3) 5,000
Others 738 1,653
Other current assets $ 21,516 $ 30,041
[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%.