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TAXES ON INCOME (Details 5) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income before taxes, as reported in the consolidated statements of income $ 18,431 $ 16,554 $ 15,063
Statutory tax rate 25.00% 25.00% 24.00%
Theoretical tax expenses on the above amount at the Israeli statutory tax rate 4,609 4,139 3,615
Tax adjustment in respect of different tax rates 484 444 866
Deferred taxes on losses for which full valuation allowance was provided in the past (304) 651 (37)
Changes in valuation allowance 0 (2,003) (4,429)
Tax benefits in respect of prior years, net 203 (1,126) (73) [1]
Nondeductible expenses 95 20 40
Uncertain tax position and other differences (3,512) (2,031) (185) [2]
Income tax (tax benefit) $ 1,575 $ 94 $ (203)
[1] In 2012, the Company reversed its write-off of tax prepayment advances from prior years since the Company believes the utilization of the prepayments is more-likely-than not in the near future.
[2] This amount is mainly comprised of tax provisions reversal due to statute of limitation of prior years' tax assessments amounting to $1,270.