XML 28 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Location based services $ 141,940 $ 127,683 $ 133,692
Wireless communications products 57,634 47,945 48,435
Total revenues 199,574 175,628 182,127
Cost of revenues:      
Location based services 48,916 46,823 46,852
Wireless communications products 48,627 38,924 38,142
Total cost of revenues 97,543 85,747 84,994
Gross profit 102,031 89,881 97,133
Research and development expenses 2,895 2,401 2,526
Selling and marketing expenses 10,074 9,303 9,264
General and administrative expenses 40,228 37,801 38,617
Other (income) expenses, net (Note 13) 836 (268) 856
Operating income 47,998 40,644 45,870
Financing income, net (Note 14) 2,056 1,189 1,704
Income before income tax 50,054 41,833 47,574
Income tax expenses (Note 15) (14,877) (12,822) (14,246)
Share in losses of affiliated companies, net (Note 4A) (449) (2,439) (421)
Net income for the year 34,728 26,572 32,907
Less: Net income attributable to non-controlling interest (2,589) (1,601) (2,478)
Net income attributable to the Company $ 32,139 $ 24,971 $ 30,429
Basic and diluted earnings per share attributable to Company’s stockholders (Note 16) $ 1.53 $ 1.19 $ 1.45
Basic and diluted weighted average number of shares outstanding 20,968 20,968 20,968