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CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Revenues: |  |  |
Location based services | $ 127,683 | $ 133,692 | $ 126,951
Wireless communications products | 47,945 | 48,435 | 43,216
Total revenues | 175,628 | 182,127 | 170,167
Cost of revenues: |  |  |
Location based services | 46,823 | 46,852 | 44,850
Wireless communications products | 38,924 | 38,142 | 36,015
Total cost of revenues | 85,747 | 84,994 | 80,865
Gross profit | 89,881 | 97,133 | 89,302
Research and development expenses | 2,401 | 2,526 | 2,414
Selling and marketing expenses | 9,303 | 9,264 | 9,715
General and administrative expenses | 37,801 | 38,617 | 34,483
Other (income) expenses, net (Note 13) | (268) | 856 | 4,760
Operating income | $ 40,644 | $ 45,870 | 37,930
Other (expenses) income, net |  |  | (166)
Financing income, net (Note 14) | $ 1,189 | $ 1,704 | 238
Income before income tax | 41,833 | 47,574 | 38,002
Income tax expenses (Note 15) | (12,822) | (14,246) | (12,447)
Share in losses of affiliated companies, net (Note 4A) | (2,439) | (421) | (1)
Net income for the year | 26,572 | 32,907 | 25,554
Less: Net income attributable to non-controlling interest | (1,601) | (2,478) | (1,792)
Net income attributable to the Company | $ 24,971 | $ 30,429 | $ 23,762
Basic and diluted earnings per share attributable to Company's stockholders (Note 16) | $ 1.19 | $ 1.45 | $ 1.13
Basic and diluted weighted average number of shares outstanding | 20,968 | 20,968 | 20,968

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