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ACQUISITION OF BUSINESS (Schedule of Purchase Price Allocation) (Details) - USD ($) $ in Thousands | Sep. 13, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | [1]
--- | --- | --- | --- | --- | ---
Business Acquisition [Line Items] |  |  |  |  |
Fair value of previous investment in acquired companies |  | $ 24,734 |  |  |
Obligation to purchase non-controlling interests |  | 16,144 |  |  |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |  |
Intangible assets, net |  | 38,583 |  |  |
Property and equipment, net |  | 11,014 |  |  |
Liability for employee rights upon retirement |  | (1,337) |  |  |
Deferred income taxes |  | 763 |  |  |
Other non-current assets |  | 2,132 |  |  |
Deferred revenues (including current portion) |  | (34,048) |  |  |
Goodwill |  | 59,402 | $ 62,896 | $ 3,777 | $ 3,406
Road Track [Member] |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |
Cash paid |  | 75,700 |  |  |
Consideration paid by issuance of treasury stock | [2] | 12,038 |  |  |
Amount to be received as purchase price adjustment | [3] | (10,800) |  |  |
Total acquisition price |  | 76,938 |  |  |
Fair value of previous investment in acquired companies |  | 24,734 |  |  |
Obligation to purchase non-controlling interests |  | 16,144 |  |  |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |  |
Cash and cash equivalents |  | 6,731 |  |  |
Working capital (excluding cash and cash equivalents and deferred revenues) |  | 34,576 |  |  |
Intangible assets, net | [4] | 38,583 |  |  |
Property and equipment, net |  | 11,014 |  |  |
Liability for employee rights upon retirement |  | (1,337) |  |  |
Deferred income taxes |  | 763 |  |  |
Other non-current assets |  | 2,132 |  |  |
Deferred revenues (including current portion) |  | (34,048) |  |  |
Net assets acquired |  | 58,414 |  |  |
Goodwill |  | $ 59,402 |  |  |
[1] | The accumulated amount of goodwill impairment loss as of December 31, 2018, 2017 and 2016 was US$ 7,098,000.
[2] | Based on 373,489 shares of common stock of the Company at September 13, 2018.
[3] | The amount of consideration was adjusted based on fiscal 2018 results of Road Track business. Such amount will be paid back to the company in Iturans Shares (300,472 shares out of 373,489 shares that we reissued as part of the consideration). As the purchase price adjustment will be settled by respite of the companies shares issued to the sellers, the amount to be received was presented as a deduction from equity.
[4] | The fair value adjustment estimate of identifiable intangible assets were determined using the "income approach, which is a valuation technique that estimates the fair value of an asset based on market participants" expectations of the cash flows an asset would generate over its remaining useful life.

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