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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:      
Products $ 31,339 $ 31,363 $ 34,364 [1]
Services 54,268 49,363 45,187 [1]
Total revenues 85,607 80,726 79,551
Cost of revenue:      
Products 24,466 23,616 25,143
Services 47,476 40,906 36,600
Total cost of revenues 71,942 64,522 61,743
Gross profit 13,665 16,204 17,808
Operating expenses:      
Research and development, net 890 1,070 713
Selling and marketing 2,903 3,203 3,150
General and administrative 8,469 8,123 8,668
Other expenses (income) 631 $ (11) $ (20)
Gain on bargain purchase (4,833)
Total operating expenses 8,060 $ 12,385 $ 12,511
Operating income 5,605 3,819 5,297
Financial expenses (1,262) (2,510) (947)
Financial income 913 1,216 897
Income from continuing operations before taxes on income 5,256 2,525 5,247
Taxes on income 644 1,360 1,041
Income from continuing operations before equity investment 4,612 1,165 4,206
Share in results of equity investment of affiliated company 1,237 267 1,025
Net income from continuing operations $ 5,849 $ 1,432 5,231
Net loss from discontinued operations, net of tax (2,429)
Net income attributable to TAT Technologies Ltd. shareholders $ 5,849 $ 1,432 $ 2,802
Basic and diluted income per share:      
Net income from continuing operations per share attributable to controlling interest $ 0.66 $ 0.16 $ 0.60
Loss from discontinued operations per share attributable to controlling interest (0.28)
Basic and diluted net loss per share attributable to controlling interest $ 0.66 $ 0.16 $ 0.32
Weighted average number of shares outstanding:      
Basic 8,808,344 8,805,495 8,799,237
Diluted 8,810,689 8,826,542 8,808,920
[1] Excluding discontinued operations for the year ended on December 31, 2013.