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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Reportable Operating Segments | B. Information about reported segment profit or loss and assets:
|  | US dollars |
(in thousands) |  | Telematics services |  |  | Telematics products |  |  | Total |
Year ended December 31, 2020 |  |  |  |  |  |  |  |  |
Revenues |  |  | 182,944 |  |  |  | 62,683 |  |  |  | 245,627 |
Operating income |  |  | 28,666 |  |  |  | (835 | ) |  |  | 27,831 |
Assets |  |  | 89,939 |  |  |  | 22,425 |  |  |  | 112,364 |
Goodwill |  |  | 34,152 |  |  |  | 5,710 |  |  |  | 39,862 |
Expenditures for assets |  |  | 6,116 |  |  |  | 1,142 |  |  |  | 7,258 |
Depreciation and amortization |  |  | 12,471 |  |  |  | 2,008 |  |  |  | 14,479 |
Impairment of goodwill |  |  | 9,479 |  |  |  | 1,029 |  |  |  | 10,508 |
Impairment of intangible assets |  |  | 1,869 |  |  |  | 1,792 |  |  |  | 3,661 |
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 |
Reconciliation of Reporting Information from Segments to Consolidated Totals | D. Reconciliations of reportable segment revenues, profit or loss, and assets, to the enterprise’s consolidated totals:
|  | US dollars
|  | Year ended December 31,
(in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Total revenues of reportable segment and consolidated revenues |  |  | 245,627 |  |  |  | 279,332 |  |  |  | 253,335 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |
Total operating income for reportable segments |  |  | 27,831 |  |  |  | 22,654 |  |  |  | 62,378 |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Financing income, net |  |  | 1,480 |  |  |  | 576 |  |  |  | 717 |
Other income, net |  |  | (272 | ) |  |  | (26 | ) |  |  | 13,138 |
Consolidated income before taxes on income |  |  | 29,039 |  |  |  | 23,204 |  |  |  | 76,233 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Total assets for reportable segments (*) |  |  | 152,226 |  |  |  | 196,561 |  |  |  | 200,556 |
Other unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  | 117,295 |  |  |  | 88,777 |  |  |  | 103,994 |
Investments in affiliated and other companies |  |  | 2,171 |  |  |  | 4,926 |  |  |  | 7,644 |
Property and equipment, net |  |  | 17,180 |  |  |  | 20,877 |  |  |  | 20,074 |
Other unallocated amounts |  |  | 23,600 |  |  |  | 28,094 |  |  |  | 41,524 |
Consolidated total assets (at year end) |  |  | 312,472 |  |  |  | 339,235 |  |  |  | 373,792 |
Other significant items |  |  |  |  |  |  |  |  |  |  |  |
Total expenditures for assets of reportable segments |  |  | 7,258 |  |  |  | 12,940 |  |  |  | 16,214 |
Unallocated amounts |  |  | 2,976 |  |  |  | 5,359 |  |  |  | 5,168 |
Consolidated total expenditures for assets |  |  | 10,234 |  |  |  | 18,299 |  |  |  | 21,382 |
Total depreciation, amortization and impairment for reportable segments |  |  | 28,648 |  |  |  | 43,308 |  |  |  | 9,116 |
Unallocated amounts |  |  | 4,352 |  |  |  | 5,689 |  |  |  | 5,492 |
Consolidated total depreciation, amortization and impairment |  |  | 33,000 |  |  |  | 48,997 |  |  |  | 14,608 |
(*) Including goodwill.
Schedule of Revenues and Long-Lived Assets by Geographical Areas | E. Geographic information
|  | Revenues |
|  | Year ended December 31, |
(in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Israel |  |  | 120,515 |  |  |  | 110,102 |  |  |  | 116,186 |
Brazil |  |  | 61,470 |  |  |  | 98,020 |  |  |  | 90,842 |
Others |  |  | 63,642 |  |  |  | 71,210 |  |  |  | 46,307 |
Total |  |  | 245,627 |  |  |  | 279,332 |  |  |  | 253,335 |
|  | Property and equipment, net |
|  | December 31, |
(in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Israel |  |  | 13,784 |  |  |  | 14,967 |  |  |  | 16,478 |
Brazil |  |  | 14,462 |  |  |  | 21,218 |  |  |  | 24,562 |
Others |  |  | 9,407 |  |  |  | 9,715 |  |  |  | 9,420 |
Total |  |  | 37,653 |  |  |  | 45,900 |  |  |  | 50,460 |
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, 2019 and 2020:
|  | US dollars
|  | Reportable segments result of operations
(in thousands) |  | Year ended December 31, 2019 |  |  | Year ended December 31, 2020 |
|  | Telematics services |  |  | Telematics products |  |  | Total |  |  | Telematics services |  |  | Telematics products |  |  | Total |
At a point of time |  |  | - |  |  |  | 72,626 |  |  |  | 72,626 |  |  |  | - |  |  |  | 60,953 |  |  |  | 60,953 |
Over a period of time |  |  | 204,728 |  |  |  | 1,978 |  |  |  | 206,706 |  |  |  | 182,944 |  |  |  | 1,730 |  |  |  | 184,674 |
|  |  | 204,728 |  |  |  | 74,604 |  |  |  | 279,332 |  |  |  | 182,944 |  |  |  | 62,683 |  |  |  | 245,627 |

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