v3.19.1
INCOME TAXES
3 Months Ended
Mar. 31, 2019
Income Taxes  
INCOME TAXES
NOTE 11:-
  INCOME TAXES

a.
Taxes on income (tax benefit) are comprised as follows:
 
   
Three months ended
March 31,
 
   
2019
   
2018
 
   
Unaudited
 
             
Current period taxes
 
$
4,895
   
$
7,001
 
Deferred tax income, net and others
   
(973
)
   
(1,339
)
                 
Taxes on income
 
$
3,922
   
$
5,662
 
 

b.
Deferred income taxes:

Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

Significant components of the Company’s deferred tax liabilities and assets are as follows:
 
   
As of March 31, 2019
   
As of December 31, 2018
 
   
(Unaudited)
       
Deferred tax assets, net:
           
             
Research and Development carryforward expenses
 
$
8,751
   
$
9,482
 
Carryforward tax losses
   
5,384
     
4,155
 
Stock based compensation expenses
   
3,571
     
3,160
 
Inventory Impairment
   
1,299
     
1,471
 
Allowance and other reserves
   
6,675
     
4,340
 
                 
Total deferred tax assets
 
$
25,680
   
$
22,608
 
                 
Deferred tax liabilities, net:
               
Purchase price allocation adjustments
   
(19,635
)
   
(9,408
)
                 
Total deferred tax liabilities
 
$
(19,635
)
 
$
(9,408
)
                 
Recorded as:
               
Deferred tax assets, net
 
$
14,589
   
$
14,699
 
Deferred tax liabilities, net
   
(8,544
)
   
(1,499
)
Net deferred tax assets
 
$
6,045
   
$
13,200
 
 
c.
Uncertain tax positions:

   
March 31, 2019
   
December 31, 2018
 
   
(Unaudited)
       
             
Balance at January 1,
 
$
8,499
   
$
579
 
Increases related to current year tax positions
   
1,033
     
8,499
 
Decreases related to prior year tax positions
   
-
     
(579
)
   
$
9,532
   
$
8,499