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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Reportable Operating Segments

		US dollars
(in thousands)		Telematics services				Telematics products				Total
Year ended December 31, 2023
Revenues			234,541				85,437				319,978
Operating income			65,039				916				65,955
Assets			106,355				32,141				138,496
Goodwill			33,940				5,460				39,400
Expenditures for assets			8,837				488				9,325
Depreciation and amortization			13,346				1,433				14,779
Year ended December 31, 2022
Revenues			209,558				83,514				293,072
Operating income			56,287				2,487				58,774
Assets			99,127				33,553				132,680
Goodwill			33,990				5,520				39,510
Expenditures for assets			19,024				1,001				20,025
Depreciation and amortization			13,030				1,608				14,638
Year ended December 31, 2021
Revenues			189,649				81,235				270,884
Operating income			48,072				6,543				54,615
Assets			81,450				36,397				117,847
Goodwill			34,215				5,784				39,999
Expenditures for assets			9,404				706				10,110
Depreciation and amortization			11,650				1,903				13,553

Schedule of Reporting Information from Segments to Consolidated Totals

		US dollars
		Year ended December 31,
(in thousands)		2023				2022				2021
Total revenues of reportable segment and consolidated revenues			319,978				293,072				270,884
Operating income
Total operating income for reportable segments			65,955				58,774				54,615
Unallocated amounts:
Financing income, net			(1,552	)			(5,944	)			(5,538	)
Other expense, net			2				-				(109	)
Consolidated income before taxes on income			64,405				52,830				48,968
Assets
Total assets for reportable segments (*)			177,896				172,190				157,846
Other unallocated amounts:
Current assets			91,263				72,190				93,244
Investments in affiliated and other companies			2,927				2,967				2,751
Property and equipment, net			14,620				14,795				15,783
Other unallocated amounts			31,982				28,785				23,397
Consolidated total assets (at year end)			318,688				290,927				293,021
Other significant items
Total expenditures for assets of reportable segments			9,325				20,025				10,110
Unallocated amounts			4,918				6,480				6,516
Consolidated total expenditures for assets			14,243				26,505				16,626
Total depreciation, amortization and impairment for reportable segments			14,779				14,638				13,553
Unallocated amounts			6,289				5,496				4,543
Consolidated total depreciation, amortization and impairment			21,068				20,134				18,096

(*) Including goodwill.

Schedule of Revenues and Long-Lived Assets by Geographical Areas

		Revenues
		Year ended December 31,
(in thousands)		2023				2022				2021
Israel			154,175				150,423				140,569
Brazil			85,622				69,091				57,764
Others			80,181				73,558				72,551
Total			319,978				293,072				270,884

		Property and equipment, net
		December 31,
(in thousands)		2023				2022				2021
Israel			12,687				13,138				14,524
Brazil			20,644				23,488				13,617
Others			8,624				8,972				7,511
Total			41,955				45,598				35,652

Schedule of Major Product Lines and Timing of Revenue Recognition

		US dollars
		Reportable segments result of operations
(in thousands)		Year ended December 31, 2022												Year ended December 31, 2023
		Telematics services				Telematics products				Total				Telematics services				Telematics products				Total
At a point of time			-				81,342				81,342				-				83,626				83,626
Over a period of time			209,558				2,172				211,730				234,541				1,811				236,352
			209,558				83,514				293,072				234,541				85,437				319,978

		US dollars
		Reportable segments result of operations
(in thousands)		Year ended December 31, 2021
		Telematics services				Telematics products				Total
At a point of time			-				78,947				78,947
Over a period of time			189,649				2,288				191,937
			189,649				81,235				270,884

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