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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