INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) before Taxes on Income

b.Loss before taxes on income is comprised as follows:

	Year ended December 31,
	2017			2018			2019
Domestic	$	(53,432	)	$	(50,679	)	$	(85,369)
Foreign		(1,518	)		16,766			1,553
Loss before taxes on income	$	(54,950	)	$	(33,913	)	$	(83,816	)

Schedule of Deferred Income Taxes

Deferred taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts recorded for tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows:

	December 31,
	2018			2019
Deferred tax assets:
Net operating loss carryforward	$	45,314		$	34,400
Capital losses carry-forwards		53			59
Operating lease tax assets					11,376
Research and development expenses		1,901			4,011
Depreciation difference		1,680			2,074
Accrued employees costs		2,176			3,057
Tax advances		-			3,353
Intra-entity intellectual property transfer(1)		-			3,516
Other		964			468
Deferred tax assets, net before valuation allowance		52,088			62,314
Valuation allowance		(44,607	)		(45,465)
Deferred tax asset, net	$	7,481		$	16,849
Deferred tax liabilities:
Property and equipment	$	306		$	322
Operating lease tax liabilities					11,376
Acquired Intangible assets		5,556			1,945
Share-based compensation		467			1,305
Other		171			209
Deferred tax liabilities	$	6,500		$	15,157
Deferred taxes are included in the consolidated balance sheets, as follows:
Long-term receivables	$	1,583		$	14,730
Long-term liabilities	$	602		$	13,036

(1)During 2019, the Company completed an intra-entity transfer from US to Israel of certain intangible property (“IP”) rights associated with a subsidiary’s technology platform. This transfer resulted in an income tax expense for US tax purposes of approximately $15,000. As a result of the IP transfer, the Company utilized NOLs and consequently released the valuation allowance.

Schedule of Income Taxes

d.Income taxes are comprised as follows:

	Year ended December 31,
	2017			2018			2019
Current	$	4,042		$	4,188		$	3,309
Deferred		(2,719	)		(981	)		(711)
	$	1,323		$	3,207		$	2,598
Domestic	$	578		$	1,140		$	(1,981)
Foreign		745			2,067			4,579
	$	1,323		$	3,207		$	2,598

Reconciliation of Effective Tax Rate to Statutory Rate

e.A reconciliation of the Company's theoretical income tax expense to actual income tax expense as follows:

	Year ended December 31,
	2017			2018			2019
Loss before taxes on income	$	(54,950	)	$	(33,913	)	$	(83,816)
Statutory tax rate		24	%		23	%		23	%
Theoretical income tax expense		(13,188	)		(7,800	)		(19,278)
Change in valuation allowance		2,122			(1,925	)		(1,821)
Non-deductible option expenses		8,528			12,609			20,882
Non-deductible expenses		1,263			824			728
Tax adjustment in respect of different tax rate of foreign subsidiary		(1,679	)		(1,627	)		2,894
Rate change impact		3,099			(174	)		(90)
Intra-entity intellectual property transfer		-			-			196
Foreign tax		881			1,182			102
Other		297			118			(1,015)
Income tax expense	$	1,323		$	3,207		$	2,598

Schedule of reconciliation of the opening and closing amounts of total unrecognized tax benefits

A reconciliation of the opening and closing amounts of total unrecognized tax benefits is as follows:

	Year ended December 31,
	2017		2018			2019
Opening balance	$	1,098	$	1,378		$	334
Increases (decrease) related to previous and current year tax positions		280		(1,044	)		1,696
Closing balance	$	1,378	$	334		$	2,030