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INCOME TAX (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Taxes |
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Income taxes (tax benefit): |  |  |  |  |  |  |  |  |
Current taxes: |  |  |  |  |  |  |  |  |
In Israel |  |  | 10,202 |  |  |  | 9,110 |  |  |  | 4,916 |
Outside Israel |  |  | 5,997 |  |  |  | 4,711 |  |  |  | 6,954 |
|  |  | 16,199 |  |  |  | 13,821 |  |  |  | 11,870 |
Deferred taxes: |  |  |  |  |  |  |  |  |  |  |  |
In Israel |  |  | (995 | ) |  |  | (102 | ) |  |  | (300 | )
Outside Israel |  |  | (2,130 | ) |  |  | (634 | ) |  |  | (143 | )
|  |  | (3,125 | ) |  |  | (736 | ) |  |  | (443 | )
Taxes in respect of prior years: |  |  |  |  |  |  |  |  |  |  |  |
In Israel |  |  | 10 |  |  |  | (457 | ) |  |  | 339 |
Outside Israel |  |  | 271 |  |  |  | 117 |  |  |  | 88 |
|  |  | 281 |  |  |  | (340 | ) |  |  | 427 |
|  |  | 13,355 |  |  |  | 12,745 |  |  |  | 11,854 |
Schedule of Income Tax Reconciliation |
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Pretax income |  |  | 64,405 |  |  |  | 52,830 |  |  |  | 48,968 |
Statutory tax rate |  |  | 23 | % |  |  | 23 | % |  |  | 23 | %
Tax computed at the ordinary tax rate |  |  | 14,813 |  |  |  | 12,151 |  |  |  | 11,263 |
Nondeductible expenses (income) |  |  | (284 | ) |  |  | 2,123 |  |  |  | (282 | )
Losses and timing differences in respect of which no deferred taxes assets were recognized |  |  | (557 | ) |  |  | 1,742 |  |  |  | 446 |
Tax adjustment in respect of different tax rates |  |  | 1,087 |  |  |  | 499 |  |  |  | 1,202 |
Adjustment in respect of tax rate deriving from “approved enterprises” |  |  | (3,133 | ) |  |  | (3,002 | ) |  |  | (1,874 | )
Tax related to previous years |  |  | 281 |  |  |  | (340 | ) |  |  | 427 |
Others |  |  | 1,148 |  |  |  | (428 | ) |  |  | 672 |
|  |  | 13,355 |  |  |  | 12,745 |  |  |  | 11,854 |
Summary of Deferred Taxes |
Composition: |  |  |
|  | US dollars |
|  | December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Deferred taxes |  |  |  |  |  |
Provision for vacation, recreation and bad debt |  |  | 415 |  |  |  | 560 |
Provision for other employee related obligations |  |  | 1,990 |  |  |  | 1,758 |
Provision for deferred revenues/expenses and other obligations |  |  | 6,876 |  |  |  | 4,207 |
Other temporary differences, net |  |  | 4,055 |  |  |  | 3,341 |
|  |  | 13,336 |  |  |  | 9,866 |
|  | US dollars |
|  | December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Deferred income taxes included in long-term investments and other assets |  |  | 14,452 |  |  |  | 11,400 |
Deferred income taxes included in long-term liabilities |  |  | (1,116 | ) |  |  | (1,534 | )
|  |  | 13,336 |  |  |  | 9,866 |
Schedule of Income Before Income Taxes |
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
The Company and its Israeli subsidiaries |  |  | 55,316 |  |  |  | 51,562 |  |  |  | 39,594 |
Non-Israeli subsidiaries |  |  | 9,089 |  |  |  | 1,268 |  |  |  | 9,374 |
|  |  | 64,405 |  |  |  | 52,830 |  |  |  | 48,968 |

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