v3.26.1
Taxes On Income (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Expense (Benefit), Continuing Operations [Abstract]  
Schedule Of Income Before Taxes On Income
 Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Income before taxes on income:   
Domestic$429,828 $326,544 $250,831 
Foreign132,087 15,202 (24,337)
 $561,915 $341,746 $226,494 
Schedule Of Taxes On Income
 Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Current taxes:   
Domestic$90,632 $63,326 $41,553 
Foreign13,514 11,520 4,045 
 104,146 74,846 45,598 
Adjustment for previous years:   
Domestic810 (19,838)(19,404)
Foreign601 92 (330)
 1,411 (19,746)(19,734)
Deferred income taxes:   
Domestic(44,798)(16,972)(5,434)
Foreign(5,220)930 2,483 
 (50,018)(16,042)(2,951)
Total taxes on income$55,539 $39,058 $22,913 
Total:   
Domestic$46,644 $26,516 $16,715 
Foreign8,895 12,542 6,198 
Total taxes on income $55,539 $39,058 $22,913 
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the beginning and ending amount of unrecognized tax positions is as follows:

 20252024
Balance at the beginning of the year$94,265 $81,058 
Additions related to interest and currency translation17,268 3,614 
Tax positions related to prior period110 (99)
Reductions related to settlement of tax matters(16,950)(20,905)
Additions based on tax positions taken during the current period 30,487 31,581 
Reductions related to a lapse of applicable statute of limitation(344)(984)
Balance at the end of the year$124,836 $94,265 
Schedule Of Deferred Income Taxes
Significant components of net deferred tax assets and liabilities are based on separate tax jurisdictions as follows:
December 31, 2025December 31, 2024
Deferred tax assets:
Reserves and allowances$55,049 $27,287 
Inventory allowances23,064 14,740 
Property, plant and equipment1,545 432 
Operating lease right of use assets29,777 24,092 
Other assets145,572 127,217 
Carry-forward losses38,660 47,504 
 293,667 241,272 
Valuation allowance(47,036)(77,913)
246,631 163,359 
Deferred tax liabilities: 
Intangible assets(80,800)(73,324)
Property, plant and equipment(40,099)(38,777)
Operating lease liabilities(29,144)(23,598)
Reserves and allowances(30,454)(6,783)
 (180,497)(142,482)
Net deferred tax assets
$66,134 $20,877 
Schedule Of Effective Income Tax Rate Reconciliation
Reconciliation of the actual tax expense as reported in the statements of operations to the amount computed by applying the Israeli statutory tax rate is as follows:
Year ended December 31, 2025
$%
Income Before Tax$561,915 — %
Statutory tax 129,240 23 %
Foreign Tax Effect
USA
Tax rate difference(14,417)(3)%
Changes in valuation allowance(11,303)(2)%
Other1,459 — %
Other foreign jurisdictions2,390 1 %
Preferred tax benefit regimes(59,422)(11)%
Changes in valuation allowance(29,488)(5)%
Changes in unrecognized tax benefits30,571 6 %
Other6,508 1 %
Actual tax expenses and effective tax rate$55,539 10 %

During the year ended December 31, 2025, the income taxes paid by the Company and its subsidiaries are $56,040, out of which $44,671, and $3,409 were paid in Israel and Belgium, accordingly.
 Year ended December 31, 2024Year ended December 31, 2023
Income before taxes as reported in the consolidated statements of income$341,746$226,494
Statutory tax rate23 %23 %
Theoretical tax expense$78,602$52,094
Tax benefit arising from reduced rate as "Preferred Enterprise” and other tax benefits (*)(5,058)(27,741)
Tax adjustment in respect of different tax rates for foreign subsidiaries60,100(3,508)
Changes in carry-forward losses and valuation allowances(78,356)12,714
Taxes resulting from non-deductible expenses1,2602,299
Difference in basis of measurement for financial reporting and tax return purposes3,8358,339
Taxes in respect of prior years (see Note 18D above)(19,746)(19,734)
Other differences, net (1,579)(1,549)
Actual tax expenses$39,058$22,913
Effective tax rate11.43 %10.12 %
(*) Net earnings per share – amounts of the benefit resulting from the Approved, Privileged and Preferred Enterprises:
Basic and diluted$0.11$0.63