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SEGMENT REPORTING (Tables)

12 Months Ended

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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