INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of deferred tax liabilities and assets

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

	December 31,
	2018			2017		2016

Deferred tax assets, net:

Research and Development carryforward expenses	$	9,482		$	5,380	$	908
Carryforward tax losses		4,155			-		-
Stock based compensation expenses		3,160			1,622		1,039
Inventory Impairment		1,471			-		-
Allowance and other reserves		4,340			1,338		868

Total deferred tax assets, net	$	22,608		$	8,340	$	2,815

Deferred tax liabilities, net:
Purchase price allocation adjustments		(9,408	)		-		-

Total deferred tax liabilities, net	$	(9,408	)	$	-	$	-

Recorded as:
Deferred tax assets, net	$	14,699		$	8,340	$	2,815
Deferred tax liabilities, net		(1,499	)		-		-
Net deferred tax assets	$	13,200		$	8,340	$	2,815

Schedule of Uncertain Tax Positions

Uncertain tax positions:

	December 31,
	2018			2017		2016
Balance at January 1,	$	579		$	249	$	-

Increases related to current year tax positions		8,499			330		249
Decreases related to prior year tax positions		(579	)		-		-
Balance at December 31,	$	8,499		$	579	$	249

Schedule of income (loss) before taxes

Income before taxes are comprised as follows:

	Year ended December 31,				Six months ended December 31,		Year ended June 30,
	2018		2017		2016		2016

Domestic	$	13,405	$	7,461	$	3,165	$	3,758
Foreign		123,718		92,783		27,433		68,472

	$	137,123	$	100,244	$	30,598	$	72,230

Schedule of taxes on income

Taxes on income (tax benefit) are comprised as follows:

	Year ended December 31,						Six months ended December 31,		Year ended June 30,
	2018			2017			2016		2016
Current taxes:
U.S. Federal & State	$	13,894		$	19,889		$	1,047	$	1,737
Foreign		2,276			1,639			518		263
Total current taxes		16,170			21,528			1,565		2,000

Deferred taxes:
U.S. Federal & State		(1,284	)		(42	)		507		(1,380	)
Foreign		(5,809	)		(5,414	)		3,145		(4,999	)
Total deferred taxes		(7,093	)		(5,456	)		3,652		(6,379	)

Income taxes, net	$	9,077		$	16,072		$	5,217	$	(4,379	)

Schedule of reconciliation between the theoretical tax expense and the actual tax expense (benefit)

A reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company, and the actual tax expense (benefit) as reported in the consolidated statements of operations is as follows:

	Year ended December 31,						Six months ended December 31,			Year ended June 30,
	2018			2017			2016			2016

Income before taxes, as reported in the consolidated statements of operations	$	137,123		$	100,244		$	30,598		$	72,230

Statutory tax rate		21	%		34	%		34	%		34	%
Theoretical tax benefits on the above amount at the US statutory tax rate		28,796			34,083			10,403			24,558
Income tax at rate other than the U.S. statutory tax rate		(26,861	)		(34,734	)		(5,396	)		(30,229	)
Tax Cuts and Jobs Act of 2017		8,062			18,735			-			-
Non-deductible expenses		(644	)		(1,545	)		164			1,514
Other individually immaterial income tax items, net		(276	)		(467	)		46			(222	)

Actual tax expense (tax benefit)	$	9,077		$	16,072		$	5,217		$	(4,379)