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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Reportable Operating Segments |
|  | US dollars |
(in thousands) |  | Telematics services |  |  | Telematics products |  |  | Total |
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |
Revenues |  |  | 209,558 |  |  |  | 83,514 |  |  |  | 293,072 |
Operating income |  |  | 56,287 |  |  |  | 2,487 |  |  |  | 58,774 |
Assets |  |  | 97,244 |  |  |  | 35,436 |  |  |  | 132,680 |
Goodwill |  |  | 33,990 |  |  |  | 5,520 |  |  |  | 39,510 |
Expenditures for assets |  |  | 18,705 |  |  |  | 1,320 |  |  |  | 20,025 |
Depreciation and amortization |  |  | 12,679 |  |  |  | 1,959 |  |  |  | 14,638 |
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 |  |  | 34,215 |  |  |  | 5,784 |  |  |  | 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 |
Schedule of Reporting Information from Segments to Consolidated Totals |
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Total revenues of reportable segment and consolidated revenues |  |  | 293,072 |  |  |  | 270,884 |  |  |  | 245,627 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |
Total operating income for reportable segments |  |  | 58,774 |  |  |  | 54,615 |  |  |  | 27,831 |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Financing income, net |  |  | (5,944 | ) |  |  | (5,538 | ) |  |  | 1,480 |
Other expense, net |  |  | - |  |  |  | (109 | ) |  |  | (272 | )
Consolidated income before taxes on income |  |  | 52,830 |  |  |  | 48,968 |  |  |  | 29,039 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Total assets for reportable segments (*) |  |  | 172,190 |  |  |  | 157,846 |  |  |  | 152,226 |
Other unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  | 72,190 |  |  |  | 93,244 |  |  |  | 117,295 |
Investments in affiliated and other companies |  |  | 2,967 |  |  |  | 2,751 |  |  |  | 2,171 |
Property and equipment, net |  |  | 14,795 |  |  |  | 15,783 |  |  |  | 17,180 |
Other unallocated amounts |  |  | 28,785 |  |  |  | 23,397 |  |  |  | 23,600 |
Consolidated total assets (at year end) |  |  | 290,927 |  |  |  | 293,021 |  |  |  | 312,472 |
Other significant items |  |  |  |  |  |  |  |  |  |  |  |
Total expenditures for assets of reportable segments |  |  | 20,025 |  |  |  | 10,110 |  |  |  | 7,258 |
Unallocated amounts |  |  | 6,480 |  |  |  | 6,516 |  |  |  | 2,976 |
Consolidated total expenditures for assets |  |  | 26,505 |  |  |  | 16,626 |  |  |  | 10,234 |
Total depreciation, amortization and impairment for reportable segments |  |  | 14,638 |  |  |  | 13,553 |  |  |  | 28,648 |
Unallocated amounts |  |  | 5,496 |  |  |  | 4,543 |  |  |  | 4,352 |
Consolidated total depreciation, amortization and impairment |  |  | 20,134 |  |  |  | 18,096 |  |  |  | 33,000 |
Schedule of Revenues and Long-Lived Assets by Geographical Areas |
|  | Revenues |
|  | Year ended December 31, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Israel |  |  | 150,423 |  |  |  | 140,569 |  |  |  | 120,515 |
Brazil |  |  | 69,091 |  |  |  | 57,764 |  |  |  | 61,470 |
Others |  |  | 73,558 |  |  |  | 72,551 |  |  |  | 63,642 |
Total |  |  | 293,072 |  |  |  | 270,884 |  |  |  | 245,627 |
|  | Property and equipment, net |
|  | December 31, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Israel |  |  | 13,138 |  |  |  | 14,524 |  |  |  | 13,784 |
Brazil |  |  | 23,488 |  |  |  | 13,617 |  |  |  | 14,462 |
Others |  |  | 8,972 |  |  |  | 7,511 |  |  |  | 9,407 |
Total |  |  | 45,598 |  |  |  | 35,652 |  |  |  | 37,653 |
Schedule of Major Product Lines and Timing of Revenue Recognition |
|  | US dollars |
|  | Reportable segments result of operations
(in thousands) |  | Year ended December 31, 2021 |  |  | Year ended December 31, 2022 |
|  | Telematics services |  |  | Telematics products |  |  | Total |  |  | Telematics services |  |  | Telematics products |  |  | Total |
At a point of time |  |  | - |  |  |  | 78,947 |  |  |  | 78,947 |  |  |  | - |  |  |  | 81,342 |  |  |  | 81,342 |
Over a period of time |  |  | 189,649 |  |  |  | 2,288 |  |  |  | 191,937 |  |  |  | 209,558 |  |  |  | 2,172 |  |  |  | 211,730 |
|  |  | 189,649 |  |  |  | 81,235 |  |  |  | 270,884 |  |  |  | 209,558 |  |  |  | 83,514 |  |  |  | 293,072 |
|  |  | US dollars |
|  | Reportable segments result of operations |
(in thousands) |  | Year ended December 31, 2020 |
|  | Telematics services |  |  | Telematics products |  |  | Total |
At a point of time |  |  | - |  |  |  | 60,953 |  |  |  | 60,953 |
Over a period of time |  |  | 182,944 |  |  |  | 1,730 |  |  |  | 184,674 |
|  |  | 182,944 |  |  |  | 62,683 |  |  |  | 245,627 |

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