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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 27,850 $ 50,306
Investment in marketable securities 316 4,405
Accounts receivable (net of allowance for doubtful accounts) 45,821 43,916
Other current assets (Note 2) 48,156 36,979
Inventories (Note 3) 28,509 27,128
Total current assets 150,652 162,734
Long-term investments and other assets    
Investments in affiliated companies (Note 4A) 1,188 885
Investments in other companies (Note 4B) 1,779 1,866
Other non-current assets (Note 5) 3,129 3,146
Deferred income taxes (Note 15) 11,400 11,091
Funds in respect of employee rights upon retirement 15,146 16,205
Total non-current assets 32,642 33,193
Property and equipment, net (Note 6) 45,598 35,652
Operating lease right of use assets, net (Note 7) 9,905 4,690
Intangible assets, net (Note 8) 12,620 16,753
Goodwill (Note 9) [1] 39,510 39,999
Total assets 290,927 293,021
Current liabilities    
Credit from banking institutions (Note 10A) 11,845 17,753
Accounts payable 21,937 21,275
Deferred revenues 21,783 24,333
Other current liabilities (Note 11) 37,407 40,767
Total current liabilities 92,972 104,128
Long-term liabilities    
Deferred income taxes (Note 15) 1,534 1,952
Loan from bank institution (Note 10B) 345 13,673
Liability for employee rights upon retirement 21,224 22,476
Deferred revenues 13,036 8,902
Operating lease liabilities, non-current 6,886 1,750
Other non-current liabilities 2,071 2,337
Total non-current liabilities 45,096 51,090
Contingent liabilities (Note 12)
Stockholders' equity (Note 13)    
Share capital – ordinary shares of NIS 0.33 1/3 par value: Authorized – December 31, 2022 and 2021 – 60,000,000 shares Issued and outstanding – December 31, 2022 and 2021 – 23,475,431 shares 1,983 1,983
Additional paid- in capital 78,355 78,334
Accumulated other comprehensive loss (45,831) (41,888)
Retained earnings 168,963 143,259
Treasury stock at cost – December 31, 2022– 3,299,207 shares and December 31, 2021– 2,941,845 shares. (57,673) (49,228)
Stockholders’ equity 145,797 132,460
Non-controlling interests 7,062 5,343
Total equity 152,859 137,803
Total liabilities and equity $ 290,927 $ 293,021
[1] The accumulated amount of goodwill impairment loss as of December 31, 2022, and 2021 was US$29.89 million.