XML 58 R44.htm IDEA: XBRL DOCUMENT v3.22.1

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021
Revenues			189,649				81,235				270,884
Operating income			48,072				6,543				54,615
Assets			79,535				38,312				117,847
Goodwill			34,216				5,783				39,999
Expenditures for assets			9,057				1,053				10,110
Depreciation and amortization			11,411				2,142				13,553
Year ended December 31, 2020
Revenues			182,944				62,683				245,627
Operating income (loss)			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 (loss)			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

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)		2021				2020				2019
Total revenues of reportable segment and consolidated revenues			270,884				245,627				279,332
Operating income
Total operating income for reportable segments			54,615				27,831				22,654
Unallocated amounts:
Financing income, net			(5,538	)			1,480				576
Other expense, net			(109	)			(272	)			(26	)
Consolidated income before taxes on income			48,968				29,039				23,204
Assets
Total assets for reportable segments (*)			157,846				152,226				196,561
Other unallocated amounts:
Current assets			93,244				117,295				88,777
Investments in affiliated and other companies			2,751				2,171				4,926
Property and equipment, net			15,783				17,180				20,877
Other unallocated amounts			23,397				23,600				28,094
Consolidated total assets (at year end)			293,021				312,472				339,235
Other significant items
Total expenditures for assets of reportable segments			10,110				7,258				12,940
Unallocated amounts			6,516				2,976				5,359
Consolidated total expenditures for assets			16,626				10,234				18,299
Total depreciation, amortization and impairment for reportable segments			13,553				28,648				43,308
Unallocated amounts			4,543				4,352				5,689
Consolidated total depreciation, amortization and impairment			18,096				33,000				48,997

(*) Including goodwill.

Schedule of Revenues and Long-Lived Assets by Geographical Areas

E. Geographic information

		Revenues
		Year ended December 31,
(in thousands)		2021				2020				2019
Israel			140,569				120,515				110,102
Brazil			57,764				61,470				98,020
Others			72,551				63,642				71,210
Total			270,884				245,627				279,332

		Property and equipment, net
		December 31,
(in thousands)		2021				2020				2019
Israel			14,524				13,784				14,967
Brazil			13,617				14,462				21,218
Others			7,511				9,407				9,715
Total			35,652				37,653				45,900

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, 2020 and 2021:

		US dollars
		Reportable segments result of operations
(in thousands)		Year ended December 31, 2020												Year ended December 31, 2021
		Telematics services				Telematics products				Total				Telematics services				Telematics products				Total
At a point of time			-				60,953				60,953				-				78,947				78,947
Over a period of time			182,944				1,730				184,674				189,649				2,288				191,937
			182,944				62,683				245,627				189,649				81,235				270,884

F - 46

ITURAN LOCATION AND CONTROL LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (cont.)

NOTE 18 -      SEGMENT REPORTING (cont.)

G.Major product lines and timing of revenue recognition (cont.)

In the following table, revenue is disaggregated by primary major product lines, and timing of revenue recognition for the year ended December 31, 2019:

		US dollars
		Reportable segments result of operations
(in thousands)		Year ended December 31, 2019
		Telematics services			Telematics products			Total
At a point of time		-			72,626			72,626
Over a period of time		204,728			1,978			206,706
		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:	dtr-types: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=123351226&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123359005&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=123367319&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123359005&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=123359005&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=121556970&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 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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