XML 101 R49.htm IDEA: XBRL DOCUMENT
v3.20.1

SEGMENT REPORTING (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
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, 2019 |  |  |  |  |  |  |  |  |
Revenues |  |  | 204,728 |  |  |  | 74,604 |  |  |  | 279,332 |
Operating income |  |  | 26,092 |  |  |  | (3,438 | ) |  |  | 22,654 |
Assets |  |  | 118,361 |  |  |  | 28,114 |  |  |  | 146,475 |
Goodwill |  |  | 43,383 |  |  |  | 6,703 |  |  |  | 50,086 |
Expenditures for assets |  |  | 11,050 |  |  |  | 1,890 |  |  |  | 12,940 |
Depreciation and amortization |  |  | 14,671 |  |  |  | 2,483 |  |  |  | 17,154 |
Impairment of goodwill |  |  | 11,088 |  |  |  | 1,204 |  |  |  | 12,292 |
Impairment of intangible assets |  |  | 10,914 |  |  |  | 2,948 |  |  |  | 13,862 |
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
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) |  | 2019 |  |  | 2018 |  |  | 2017 |
Total revenues of reportable segment and consolidated revenues |  |  | 279,332 |  |  |  | 253,335 |  |  |  | 234,636 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |
Total operating income for reportable segments |  |  | 22,654 |  |  |  | 62,378 |  |  |  | 56,535 |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Financing income, net |  |  | 576 |  |  |  | 717 |  |  |  | (989 | )
Other income, net |  |  | (26 | ) |  |  | 13,138 |  |  |  | - |
Consolidated income before taxes on income |  |  | 23,204 |  |  |  | 76,233 |  |  |  | 55,546 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Total assets for reportable segments (*) |  |  | 196,561 |  |  |  | 200,556 |  |  |  | 116,353 |
Other unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  | 88,777 |  |  |  | 103,994 |  |  |  | 59,412 |
Investments in affiliated and other companies |  |  | 4,926 |  |  |  | 7,644 |  |  |  | 16,221 |
Property and equipment, net |  |  | 20,877 |  |  |  | 20,074 |  |  |  | 15,092 |
Other unallocated amounts |  |  | 28,094 |  |  |  | 41,524 |  |  |  | 8,081 |
Consolidated total assets (at year end) |  |  | 339,235 |  |  |  | 373,792 |  |  |  | 215,159 |
Other significant items |  |  |  |  |  |  |  |  |  |  |  |
Total expenditures for assets of reportable segments |  |  | 12,940 |  |  |  | 16,214 |  |  |  | 10,027 |
Unallocated amounts |  |  | 5,359 |  |  |  | 5,168 |  |  |  | 6,281 |
Consolidated total expenditures for assets |  |  | 18,299 |  |  |  | 21,382 |  |  |  | 16,308 |
Total depreciation, amortization and impairment for reportable segments |  |  | 43,308 |  |  |  | 9,116 |  |  |  | 10,358 |
Unallocated amounts |  |  | 5,689 |  |  |  | 5,492 |  |  |  | 3,161 |
Consolidated total depreciation, amortization and impairment |  |  | 48,997 |  |  |  | 14,608 |  |  |  | 13,519 |
| (*) | Including goodwill.
Schedule of Revenues and Long-Lived Assets by Geographical Areas |
Geographic information
|  | Revenues |
|  | Year ended December 31, |
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Israel |  |  | 110,102 |  |  |  | 116,186 |  |  |  | 116,391 |
Brazil |  |  | 98,020 |  |  |  | 90,842 |  |  |  | 89,455 |
Others |  |  | 71,228 |  |  |  | 46,307 |  |  |  | 28,790 |
Total |  |  | 279,332 |  |  |  | 253,335 |  |  |  | 234,636 |
|  | Property and equipment, net |
|  | December 31, |
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Israel |  |  | 17,933 |  |  |  | 16,478 |  |  |  | 16,757 |
Brazil |  |  | 21,218 |  |  |  | 24,562 |  |  |  | 17,969 |
Others |  |  | 9,715 |  |  |  | 9,420 |  |  |  | 4,321 |
Total |  |  | 48,866 |  |  |  | 50,460 |  |  |  | 39,047
Schedule of Major Product Lines and Timing of Revenue Recognition | In the following table, revenue is disaggregated by primary major product lines, and timing of revenue recognition for the years ended December 31, 2018 and 2019:
|  | US dollars |
|  | Reportable segments revenues |
(in thousands) |  | Year ended December 31, 2018 |  |  | Year ended December 31, 2019 |
|  | Telematics services |  |  | Telematics products |  |  | Total |  |  | Telematics services |  |  | Telematics products |  |  | Total |
At a point of time |  |  | - |  |  |  | 70,133 |  |  |  | 70,133 |  |  |  | - |  |  |  | 72,626 |  |  |  | 72,626 |
Over a period of time |  |  | 181,357 |  |  |  | 1,845 |  |  |  | 183,202 |  |  |  | 204,728 |  |  |  | 1,978 |  |  |  | 206,706 |
|  |  | 181,357 |  |  |  | 71,978 |  |  |  | 253,335 |  |  |  | 204,728 |  |  |  | 74,604 |  |  |  | 279,332

X
- Definition Tabular disclosure of the reconciliation from reportable segments to consolidated totals. + References No definition available. + Details
Name: | itrn_ReconciliationFromSegmentsToConsolidatedTableTextBlock
Namespace Prefix: | itrn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration