TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Taxes on Income Comprised

b. Taxes on income comprised of:

	Year ended December 31,
	2012			2013			2014
Domestic taxes:
Current	$	727		$	(37	)	$	7
Deferred		(742	)		(1,127	)		2,987
Foreign taxes:
Current		1,993			2,016			314
Deferred		84			(64	)		(456	)
	$	2,062		$	788		$	2,852
Income (loss) before taxes on income:
Domestic	$	(1,651	)	$	(4,315	)	$	(2,379	)
Foreign		17,398			11,788			4,412
	$	15,747		$	7,473		$	2,033

Reconciliation Between Company's Effective Tax Rate and U.S. Statutory Rate

c. Reconciliation between the Company’s effective tax rate and the U.S. statutory rate:

	Year ended December 31,
	2012			2013			2014
Income before taxes on income	$	15,747		$	7,473		$	2,033
Theoretical tax at U.S. statutory rate		5,511			2,541			691
Foreign income taxes at rates other than U.S. rate		(2,023	)		(1,057	)		(489	)
Approved and benefited enterprises benefits (*)		(1,934	)		(1,553	)		(785	)
Subpart F		529			633			394
Non-deductible items		592			433			723
Non-taxable items		—			—			(230	)
Decrease in uncertain tax position		—			(73	)		(920	)
Valuation allowance		(380	)		(111	)		3,356
Other, net		(233	)		(25	)		112
Taxes on income	$	2,062		$	788		$	2,852
Effective tax rate		13	%		11	%		140	%
(*)    Basic and diluted earnings per share amounts of the benefit resulting from the “Approved Enterprise” and “Benefited Enterprise” status	$	0.08		$	0.07		$	0.04

Deferred Taxes on Income

Significant components of the Company’s deferred tax assets are as follows:

	As at December 31,
	2013			2014
Deferred tax assets
Operating loss carryforward	$	8,544		$	8,933
Accrued expenses		490			706
Temporary differences related to R&D expenses		1,045			922
Equity-based compensation		2,085			2,563
Tax credit carry forward		622			800
Other		152			273
Total gross deferred tax assets		12,938			14,197
Valuation allowance		(8,526	)		(11,930	)
Net deferred tax assets	$	4,412		$	2,267
Deferred tax liabilities
Other	$	73		$	26
Intangible assets		—			1,843
Total gross deferred tax liabilities	$	73		$	1,869
Net deferred tax assets (*)	$	4,339		$	398

(*) Net deferred tax for the year ended December 31, 2013 from domestic and foreign jurisdictions was $2,999 and $1,340, respectively.

Net deferred tax for the year ended December 31, 2014 from domestic and foreign jurisdictions was $0 and $398, respectively.

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits based on the provisions of FASB ASC No. 740 is as follows:

	Year ended December 31,
	2013			2014
Beginning of year	$	3,520		$	3,563
Additions for current year tax positions		116			216
Decrease as a result of a lapse of applicable statute of limitations		(73	)		(920	)
Balance at December 31	$	3,563		$	2,859