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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Revenues: |  |  |
Location based services | $ 169,752 | $ 141,940 | $ 127,683
Wireless communications products | 64,884 | 57,634 | 47,945
Total revenues | 234,636 | 199,574 | 175,628
Cost of revenues: |  |  |
Location based services | 56,572 | 48,916 | 46,823
Wireless communications products | 58,680 | 48,627 | 38,924
Total cost of revenues | 115,252 | 97,543 | 85,747
Gross profit | 119,384 | 102,031 | 89,881
Research and development expenses | 3,160 | 2,895 | 2,401
Selling and marketing expenses | 12,246 | 10,074 | 9,303
General and administrative expenses | 47,590 | 40,228 | 37,801
Other expenses (income), net (Note 13) | (147) | 836 | (268)
Operating income | 56,535 | 47,998 | 40,644
Financing income (expenses), net (Note 14) | (989) | 2,056 | 1,189
Income before income tax | 55,546 | 50,054 | 41,833
Income tax expenses (Note 15) | (17,705) | (14,877) | (12,822)
Share in gains (losses) of affiliated companies, net (Note 4A) | 8,520 | (449) | (2,439)
Net income for the year | 46,361 | 34,728 | 26,572
Less: Net income attributable to non-controlling interest | (2,567) | (2,589) | (1,601)
Net income attributable to the Company | $ 43,794 | $ 32,139 | $ 24,971
Basic and diluted earnings per share attributable to Company's stockholders (Note 16) | $ 2.09 | $ 1.53 | $ 1.19
Basic and diluted weighted average number of shares outstanding | 20,968 | 20,968 | 20,968

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