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BUSINESS COMBINATION AND INVESTMENT IN AN AFFILIATED COMPANY (Tables) | 12 Months Ended
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Dec. 31, 2015
BUSINESS COMBINATION AND INVESTMENT IN AN AFFILIATED COMPANY [Abstract] |
Summary of fair value of assets acquired, liabilities assumed, intangible assets and resulting bargain purchase |
Asset |  | Fair value |
Cash and cash equivalents |  |  | 1,164 |
Inventories |  |  | 616 |
Other current assets |  |  | 2,169 |
Property, plant and equipment |  |  | 6,825 |
Identifiable intangible assets: |  |  |  |
Customers relationships |  |  | 1,342 |
Current liabilities |  |  | (2,857 | )
Deferred Taxes |  |  | (271 | )
Accrued severance pay |  |  | (15 | )
Net Identifiable assets acquired |  |  | 8,973 |
Gain from bargain purchase |  |  | (4,833 | )
Total consideration (including contingent consideration in amount of $640) |  |  | 4,140 |
Schedule of actual net sales and net income |
|  | U.S. dollars in thousands |
Actual Turbochrome results of operations included in the consolidated results of operations: |  |  |
Revenue |  | 1,905 |
Net loss attributable by Turbochrome |  | (163 | )
Schedule of pro forma financial information |
|  | Year ended December 31 |
|  | 2015 |  |  | 2014 |
Revenue |  |  | 92,230 |  |  |  | 87,598 |
Net income |  |  | 801 |  |  |  | 1,463 |
Earnings per share : |  |  |  |  |  |  |  |
Basic and Diluted |  |  | 0.09 |  |  |  | 0.17 |
Schedule of Summarized Balance Sheets Financial Information for Equity Method Investment |
|  | December 31, |
|  | 2014 |
Current assets |  | $ | 10,596 |
Long-term assets |  |  | 8,927 |
Total assets |  |  | 19,523 |
Current liabilities |  |  | 5,964 |
Long-term liabilities |  |  | 4,624 |
Total liabilities |  | $ | 10,588 |
Schedule of Summarized Statement of Operations Financial Information for Equity Method Investment |
|  | Year ended December 31, |
|  | 2014 |  |  | 2013 |
Net sales |  | $ | 24,442 |  |  | $ | 23,445 |
Gross profit |  |  | 7,342 |  |  |  | 6,182 |
Income (loss) from continuing operations |  |  | 827 |  |  |  | (341 | )
Net income |  |  | 727 |  |  |  | 3,158 |
Income attributable to common stockholders |  | $ | 336 |  |  | $ | 2,821 |
Reconciliation of the Share in Income (Loss), Impairment of Investment in FAvS and Gain from Dilution |
|  | Year ended December 31, |
|  | 2014 |  |  | 2013 |
Share in income related to common stockholders |  | $ | 49 |  |  | $ | 838 |
Share in income related to preferred stock |  |  | 218 |  |  |  | 187 |
Net income |  | $ | 267 |  |  | $ | 1,025 |

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