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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Revenues: |  |  |
Telematics services | $ 181,357 | $ 169,752 | $ 141,940
Telematics products | 71,978 | 64,884 | 57,634
Total revenues | 253,335 | 234,636 | 199,574
Cost of revenues: |  |  |
Telematics services | 70,329 | 60,256 | 50,633
Telematics products | 55,678 | 54,996 | 46,910
Total cost of revenues | 126,007 | 115,252 | 97,543
Gross profit | 127,328 | 119,384 | 102,031
Research and development expenses | 6,223 | 3,160 | 2,895
Selling and marketing expenses | 11,340 | 12,246 | 10,074
General and administrative expenses | 47,693 | 47,590 | 40,228
Other expenses (income), net | (306) | (147) | 836
Operating income | 62,378 | 56,535 | 47,998
Other income, net | 13,138 |  |
Financing income (expenses), net | 717 | (989) | 2,056
Income before income tax | 76,233 | 55,546 | 50,054
Income tax expenses | (17,273) | (17,705) | (14,877)
Share in gains (losses) of affiliated companies, net | 4,219 | 8,520 | (449)
Net income for the year | 63,179 | 46,361 | 34,728
Less: Net income attributable to non-controlling interest | (2,504) | (2,567) | (2,589)
Net income attributable to the Company | $ 60,675 | $ 43,794 | $ 32,139
Basic and diluted earnings per share attributable to Company's stockholders | $ 2.88 | $ 2.09 | $ 1.53
Basic and diluted weighted average number of shares outstanding | 21,077 | 20,968 | 20,968

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