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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income for the year $ 26,572 $ 32,907 $ 25,554
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation, amortization and impairment of goodwill and other intangibles 11,962 $ 12,219 $ 16,196
Gain from sale of subsidiary, net (Appendix A) $ (951)
Losses of sale affiliated company $ 166
Exchange differences on principal of deposit and loans, net $ (23) $ 317
Gains in respect of trading marketable securities $ (666) (133)
Increase in liability for employee rights upon retirement 717 1,655 $ 1,095
Share in losses of affiliated companies, net 2,439 421 1
Deferred income taxes (85) (737) (1,812)
Capital (gain) losses on sale of property and equipment, net (31) (270) 19
Decrease (increase) in accounts receivable 117 (1,864) (609)
Decrease (increase) in other current and non-current assets (879) (4,749) 580
Decrease (increase) in inventories (658) 783 1,354
Increase (decrease) in accounts payable (1,176) 927 1,446
Increase (decrease) in deferred revenues (246) 749 (227)
Increase (decrease) in other current and non-current liabilities (1,201) (4,154) 2,617
Net cash provided by operating activities 35,914 37,731 46,697
Cash flows from investment activities      
Increase in funds in respect of employee rights upon retirement, net of withdrawals (804) (708) (718)
Capital expenditures (18,724) $ (14,976) (14,216)
Investment in affiliated company (5,966) $ (1,400)
Investment in marketable securities $ (11) $ (2,771)
Deposit in escrow 5,005
Proceeds from (Investment in) long - term deposit $ (341) (283) $ 217
Proceeds from sale of property and equipment 406 $ 489 $ 651
Sale of subsidiary (Appendix A) (266)
Net cash used in investment activities (25,706) $ (13,244) $ (15,466)
Cash flows from financing activities      
Short term credit from banking institutions, net $ 160 $ (38) (7)
Repayment of long term loans $ (182)
Acquisition of non-controlling interests $ (500)
Dividend paid $ (17,590) (19,324) $ (16,072)
Dividend paid to non-controlling interests (1,229) (2,564) (1,286)
Net cash used in financing activities (18,659) (22,426) (17,547)
Effect of exchange rate changes on cash and cash equivalents (2,951) (5,340) (1,440)
Net increase (decrease) in cash and cash equivalents (11,402) (3,279) 12,244
Balance of cash and cash equivalents at beginning of year 38,418 41,697 29,453
Balance of cash and cash equivalents at end of year 27,016 38,418 41,697
Supplementary information on investing and financing activities not involving cash flows:      
Purchasing of property and equipment using a directly related liability 40 217 104
Dividends declared 3,128 $ 4,496 $ 3,616
Non-controlling interest purchased     0.50%
Payment to purchase non-controlling interests     $ 500,000
Working capital (excluding cash and cash equivalents), net (1,797)    
Receivables from Sale of Subsidiary 582    
Funds in respect of employee rights upon retirement 250    
Property and equipment, net 23    
Liability for employee rights upon retirement (275)    
Gain from sale of subsidiary 951
Sale of subsidiary (266)
Supplementary disclosure of cash flow information      
Interest paid 203 $ 397 $ 254
Income taxes paid, net of refunds $ 10,181 $ 15,078 $ 9,280