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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

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