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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Sep. 13, 2018
Cash flows from operating activities        
Net income for the year $ 63,179 $ 46,361 $ 34,728  
Adjustments to reconcile net income to net cash from operating activities:        
Depreciation, amortization and impairment of goodwill and other intangibles 14,608 13,519 11,635  
Interest on long term credit 88  
Gains in respect of trading marketable securities (166) (397) (115)  
Increase in liability for employee rights upon retirement 491 1,025 890  
Share in losses (gains) of affiliated companies, net (4,219) (8,520) 449  
Deferred income taxes 2,346 (516) (1,114)  
Capital loss (gain) on sale of property and equipment, net 85 (1) (52)  
Gain from measurement of previously held interests at acquisition date fair value [1] (14,677)  
Decrease (increase) in accounts receivable 6,182 (4,769) (4,552)  
increase in other current and non-current assets (10,656) (11,517) (5,033)  
Decrease (increase) in inventories 3,580 1,632 (1,424)  
Increase (decrease) in accounts payable (3,837) 3,751 5,884  
Increase (decrease) in deferred revenues (3,479) 2,238 (1,122)  
Increase (decrease) in other current and non-current liabilities (780) 1,101 1,298  
Increase in Obligation to purchase non-controlling interests 519  
Net cash provided by operating activities 53,264 43,907 41,472  
Cash flows from investment activities        
Increase in funds in respect of employee rights upon retirement, net of withdrawals (576) (844) (644)  
Capital expenditures (21,744) (16,159) (13,645)  
Investment in affiliated company (1,250) (900) (8,920)  
Investment in marketable securities (8,100) (8,623) (3,154)  
Repayment of loans from affiliated companies 7,317 6,982 1,512  
Proceeds from long - term deposit 10 450 16  
Investments in other companies (1,517) (1,274)  
Proceeds from sale of property and equipment 381 315 342  
Sale of marketable securities 9,594 5,368 4,633  
Acquisition of subsidiary (Appendix A) (68,969)  
Net cash used in investment activities (84,854) (14,685) (19,860)  
Cash flows from financing activities        
Repayment of long term loan (7,994)  
Receipt of long term credit from bank institution 81,695  
Short term credit from banking institutions (1,004) 23 (152)  
Dividend paid (20,219) (22,645) (17,088)  
Dividend paid to non-controlling interests (2,709) (1,644) (994)  
Net cash provided by (used in) financing activities 49,769 (24,266) (18,234)  
Effect of exchange rate changes on cash and cash equivalents (3,687) 863 693  
Net increase in cash and cash equivalents 14,492 5,819 4,071  
Balance of cash and cash equivalents at beginning of year 36,906 31,087 27,016  
Balance of cash and cash equivalents at end of year 51,398 36,906 31,087  
Supplementary information on investing and financing activities not involving cash flows:        
Purchasing of property and equipment using a directly related liability 11 373    
Dividends declared 4,822 4,994 4,193  
Working capital (excluding cash and cash equivalents and deferred revenues), net       $ 31,721
Related parties       2,855
Intangible assets, net       38,583
Property and equipment, net       11,014
Liability for employee rights upon retirement       (1,337)
Goodwill 62,896 3,777 3,406 [2] 59,402
Consideration paid by issuance of treasury stock, as adjusted       (12,038)
Amount to be received as purchase price adjustment       10,800
Deferred income taxes       763
Other non-current assets       2,132
Fair value of previous investments in acquired companies       (24,734)
Deferred revenues (including current portion)       (34,048)
Obligation to purchase non-controlling interests net       (16,144)
Net cash used to pay for the Acquisition net       $ 68,969
Supplementary disclosure of cash flow information        
Interest paid 1,266 2,651 324  
Income taxes paid, net of refunds $ 15,533 $ 22,891 $ 17,699  
[1] As a result of the acquisition described in Notes 1A, 3 the company gained control over certain companies (see Note 4.2) that previously were accounted under the equity method (JV's)and started to consolidate their financial statements. The company recorded one time gain in the amount of approximately $14.7 million from measurement of the JV's at the acquisition date to fair value.
[2] The accumulated amount of goodwill impairment loss as of December 31, 2018, 2017 and 2016 was US$ 7,098,000.