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DEFERRED TAX AND OTHER LONG-TERM ASSETS, NET (Schedule of Deferred Tax and Other Long-Term Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Deferred tax asset ( see Note 19) [1],[2] $ 82,852
Prepaid long-term land lease, net (see Note 15C) 3,417 3,537
Fair value of cross currency interest rate swap ( see Note 13D) 18,005
Long term prepaid expenses and others 6,995 910
Deferred tax and other assets, net $ 111,269 $ 4,447
[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%.