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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 53,964 $ 51,398
Investment in marketable securities 358 1,897
Accounts receivable (net of allowance for doubtful accounts) 45,090 54,261
Other current assets (Note 2) 49,201 52,983
Inventories (Note 4) 25,537 28,367
Total current assets 174,150 188,906
Long-term investments and other assets    
Investments in affiliated companies (Note 5A) 1,666 4,872
Investments in other companies (Note 5B) 3,260 2,772
Other non-current assets (Note 6) 3,365 3,222
Deferred income taxes (Note 17) 10,385 12,127
Funds in respect of employee rights upon retirement 11,476 9,497
Total non-current assets 30,152 32,490
Property and equipment, net (Note 7) 48,866 50,460
Operating lease right of use assets, net (Note 8) 12,626
Intangible assets, net (Note 9) 23,355 39,040
Goodwill (Note 10) [1] 50,086 62,896
Total assets 339,235 373,792
Current liabilities    
Credit from banking institutions (Note 11) 18,110 10,559
Accounts payable 22,656 23,987
Deferred revenues 29,146 37,671
Other current liabilities (Note 12) 31,153 32,475
Total current liabilities 101,065 104,692
Long-term liabilities    
Deferred income taxes (Note 17) 2,867 6,458
Loan from bank institution (Note 11) 49,803 62,622
Liability for employee rights upon retirement 17,000 14,801
Deferred revenues 9,763 8,221
Operating lease liabilities, non-current 10,839
Other non-current liabilities 241 526
Obligation to purchase non-controlling interests (Notes 1Y,3) 11,743 16,272
Total non-current liabilities 102,256 108,900
Contingent liabilities (Note 13)
Stockholders' equity (Note 14)    
Share capital - ordinary shares of NIS 0.3333 par value: Authorized - December 31, 2019 and 2018 - 60,000,000 shares Issued and outstanding - December 31, 2019 and 2018 - 23,475,431 shares 1,983 1,983
Additional paid- in capital 78,680 78,680
Accumulated other comprehensive income (25,865) (20,604)
Retained earnings 116,479 129,580
Purchase price adjustment to be settled in shares (Note 3) (10,800)
Treasury stock at cost - December 31, 2019 and 2018 - 2,662,125 and 2,434,297 shares, respectively. (41,947) (25,146)
Stockholders' equity 129,330 153,693
Non-controlling interests 6,584 6,507
Total equity 135,914 160,200
Total liabilities and equity $ 339,235 $ 373,792
[1] The accumulated amount of goodwill impairment loss as of December 31, 2019, and 2018 was US$ 19.4 million and US$ 7.1million, respectively.