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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