XML 21 R74.htm IDEA: XBRL DOCUMENT v3.20.1
TAXES ON INCOME (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Tax Disclosure [Abstract]      
Income before taxes on income, as reported in the consolidated statements of income $ 234,273 $ 186,715 $ 129,660
Statutory tax rate in Israel 23.00% 23.00% 24.00%
Preferred Enterprise / Preferred Technology Enterprise benefits (7.70%) (13.00%) (16.80%)
Changes in valuation allowance 0.70% 0.00% 0.00%
Earnings taxed under foreign law 17.90% (1.80%) (4.60%)
Tax settlements and other adjustments 5.80% 7.00% 14.30%
U.S. Tax Reform one-time adjustment (1.60%) (23.90%)
Intangible assets transfer (14.20%)
Other (4.90%) 1.10% (3.50%)
Effective tax rate 20.60% 14.70% (10.50%)