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BUSINESS COMBINATION AND INVESTMENT IN AN AFFILIATED COMPANY (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Summary of fair value of assets acquired, liabilities assumed, intangible assets and resulting bargain purchase | The table below summarizes the fair value of assets acquired, liabilities assumed, intangible assets and resulting bargain purchase in Turbochrome –
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 | The actual Turbochrome Ltd. net sales and net income included in the Company's consolidated statements of operations and comprehensive income for the year ended December 31, 2015 (for the period from October 19, 2015 acquisition date through December 31 ,2015) are as follows:
|  | 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 | This unaudited pro forma financial information is not necessarily indicative of the combined results that would have been attained as if the acquisition takes place at the beginning of 2014 nor is it necessarily indicative of future results.
|  | Year ended December 31 |
|  | 2015 |
Revenue |  |  | 92,230 |
Net income |  |  | 801 |
Earnings per share: |  |  |  |
Basic and Diluted |  |  | 0.09

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- Definition Tabular disclosure of revenue and net earning of the acquiree since the acquisition date included in the consolidated income statement for the reporting period. + References No definition available. + Details
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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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