TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2012

TAXES ON INCOME [Abstract]

Schedule of Corporate Tax Rates

	Year ended December 31,
	2012			2011			2010
Luxemburg		29	%		29	%		29	%
Switzerland		24	%		24	%		25	%
United States		35	%		34	%		35	%

Schedule of Deferred Tax Liabilities

	December 31,
	2012			2011
Deferred tax assets:
Lease provision	$	1,749		$	1,722
Swap instrument		682			854
Mortgage loan		245			243
Deferred tax assets		2,676			2,819
Deferred tax liabilities:
Land	$	(5,770	)	$	(5,620	)
Building		(11,834	)		(11,640	)
Other assets, net		(334	)		(264	)
Deferred tax liabilities		(17,938	)		(17,524	)
Deferred tax liabilities, net	$	(15,262	)	$	(14,705	)

Schedule of Reconciliation between Theoretical Tax Expense and Actual Tax Expense

	Year ended December 31,
	2012			2011			2010
Income (loss) before taxes as reported	$	5,698		$	2,331		$	(902	)
Theoretical tax benefit computed at the statutory rate   (25%, 24% and 25% for the years 2010, 2011 and 2012, respectively)	$	1,424		$	560		$	(226	)
Differences in tax rates on income deriving from foreign subsidiaries		(54	)		42			(89	)
Gain derived from bargain purchase		-			(1,059	)		-
Tax adjustments in respect of currency translation		(305	)		154			643
Deferred taxes on losses and other temporary differences for which valuation allowance was provided		324			626			(339	)
Settlement of prior years tax assessments		-			41			-
Other non-deductible expenses		254			117			54
Income tax expense	$	1,643		$	481		$	43

Schedule of Income (Loss) Before Taxes on Income

	Year ended December 31,
	2012			2011			2010
Domestic	$	(810	)	$	(3,138	)	$	(1,343	)
Foreign		6,508			5,469			441
	$	5,698		$	2,331		$	(902	)

Schedule of Components of Income Tax Expense

	Year ended December 31,
	2012		2011			2010
Current	$	1,537	$	863		$	7
Deferred		106		(382	)		36
	$	1,643	$	481		$	43
Domestic	$	-	$	-		$	-
Foreign		1,643		481			43
	$	1,643	$	481		$	43