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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Schedule of Reportable Operating Segments |
Information about reported segment profit or loss and assets:
|  | US dollars |
(in thousands) |  | Telematics services |  |  | Telematics products |  |  | Total |
Year ended December 31, 2018 |  |  |  |  |  |  |  |  |
Revenues |  |  | 181,357 |  |  |  | 71,978 |  |  |  | 253,335 |
Operating income |  |  | 56,913 |  |  |  | 5,465 |  |  |  | 62,378 |
Assets |  |  | 101,305 |  |  |  | 36,355 |  |  |  | 137,660 |
Goodwill |  |  | 55,069 |  |  |  | 7,827 |  |  |  | 62,896 |
Expenditures for assets |  |  | 15,677 |  |  |  | 537 |  |  |  | 16,214 |
Depreciation and amortization |  |  | 8,630 |  |  |  | 486 |  |  |  | 9,116 |
Year ended December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  | 169,752 |  |  |  | 64,884 |  |  |  | 234,636 |
Operating income |  |  | 55,012 |  |  |  | 1,523 |  |  |  | 56,535 |
Assets |  |  | 95,384 |  |  |  | 17,192 |  |  |  | 112,576 |
Goodwill |  |  | 1,732 |  |  |  | 2,045 |  |  |  | 3,777 |
Expenditures for assets |  |  | 9,346 |  |  |  | 681 |  |  |  | 10,027 |
Depreciation and amortization |  |  | 10,030 |  |  |  | 328 |  |  |  | 10,358 |
Year ended December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  | 141,940 |  |  |  | 57,634 |  |  |  | 199,574 |
Operating income |  |  | 44,045 |  |  |  | 3,953 |  |  |  | 47,998 |
Assets |  |  | 84,777 |  |  |  | 15,793 |  |  |  | 100,570 |
Goodwill |  |  | 1,562 |  |  |  | 1,844 |  |  |  | 3,406 |
Expenditures for assets |  |  | 9,063 |  |  |  | 268 |  |  |  | 9,331 |
Depreciation and amortization |  |  | 8,980 |  |  |  | 180 |  |  |  | 9,160
Reconciliation of Reporting Information from Segments to Consolidated Totals |
Reconciliations of reportable segment revenues, profit or loss, and assets, to the enterprise’s consolidated totals:
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
Total revenues of reportable segment and consolidated revenues |  |  | 253,335 |  |  |  | 234,636 |  |  |  | 199,574 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |
Total operating income for reportable segments |  |  | 62,378 |  |  |  | 56,535 |  |  |  | 47,998 |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Financing income, net |  |  | 717 |  |  |  | (989 | ) |  |  | 2,056 |
Other income, net |  |  | 13,138 |  |  |  | - |  |  |  | - |
Consolidated income before taxes on income |  |  | 76,233 |  |  |  | 55,546 |  |  |  | 50,054 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Total assets for reportable segments (*) |  |  | 200,556 |  |  |  | 116,353 |  |  |  | 103,976 |
Other unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  | 103,994 |  |  |  | 59,412 |  |  |  | 43,874 |
Investments in affiliated and other companies |  |  | 7,644 |  |  |  | 16,221 |  |  |  | 12,060 |
Property and equipment, net |  |  | 20,074 |  |  |  | 15,092 |  |  |  | 10,912 |
Other unallocated amounts |  |  | 41,524 |  |  |  | 8,081 |  |  |  | 7,197 |
Consolidated total assets (at year end) |  |  | 373,792 |  |  |  | 215,159 |  |  |  | 178,019 |
Other significant items |  |  |  |  |  |  |  |  |  |  |  |
Total expenditures for assets of reportable segments |  |  | 16,214 |  |  |  | 10,027 |  |  |  | 9,331 |
Unallocated amounts |  |  | 5,168 |  |  |  | 6,281 |  |  |  | 4,498 |
Consolidated total expenditures for assets |  |  | 21,382 |  |  |  | 16,308 |  |  |  | 13,829 |
Total depreciation, amortization and impairment for reportable segments |  |  | 9,116 |  |  |  | 10,358 |  |  |  | 9,160 |
Unallocated amounts |  |  | 5,492 |  |  |  | 3,161 |  |  |  | 2,475 |
Consolidated total depreciation, amortization and impairment |  |  | 14,608 |  |  |  | 13,519 |  |  |  | 11,635 |
| (*) | Including goodwill.
Schedule of Revenues and Long-Lived Assets by Geographical Areas |
Geographic information
|  | Revenues |
|  | Year ended December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
Israel |  |  | 116,186 |  |  |  | 116,391 |  |  |  | 101,273 |
United States |  |  | 8,873 |  |  |  | 8,537 |  |  |  | 8,697 |
Brazil |  |  | 90,842 |  |  |  | 89,455 |  |  |  | 70,982 |
Argentina |  |  | 13,643 |  |  |  | 15,211 |  |  |  | 14,772 |
Mexico |  |  | 7,889 |  |  |  | - |  |  |  | - |
Ecuador |  |  | 8,362 |  |  |  | - |  |  |  | - |
Colombia |  |  | 2,450 |  |  |  | - |  |  |  | - |
Others |  |  | 5,090 |  |  |  | 5,042 |  |  |  | 3,850 |
Total |  |  | 253,335 |  |  |  | 234,636 |  |  |  | 199,574 |
|  | Property and equipment, net |
|  | December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
Israel |  |  | 16,478 |  |  |  | 16,757 |  |  |  | 11,973 |
United States |  |  | 142 |  |  |  | 118 |  |  |  | 106 |
Brazil |  |  | 24,562 |  |  |  | 17,969 |  |  |  | 19,188 |
Argentina |  |  | 3,820 |  |  |  | 4,203 |  |  |  | 4,377 |
Mexico |  |  | 3,285 |  |  |  | - |  |  |  | - |
Ecuador |  |  | 1,530 |  |  |  | - |  |  |  | - |
Colombia |  |  | 303 |  |  |  | - |  |  |  | - |
Other |  |  | 340 |  |  |  | - |  |  |  | - |
Total |  |  | 50,460 |  |  |  | 39,047 |  |  |  | 35,644

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