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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 15,950 $ 17,514
Short-term bank deposits 470
Accounts receivable, net 19,277 25,744
Other current assets and prepaid expenses 3,627 2,363
Inventory, net [1] 38,605 38,630 [2]
Total current assets 77,459 84,721
NON-CURRENT ASSETS:    
Investment in affiliates 1,078 1,192
Funds in respect of employee rights upon retirement 2,253 2,779
Deferred income taxes 162 937
Intangible assets, net 911 1,045
Property, plant and equipment, net 21,424 21,321
Total non-current assets 25,828 27,274
Total assets 103,287 111,995
CURRENT LIABILITIES:    
Accounts payable 8,270 9,348
Accrued expenses 6,411 8,331
Total current liabilities 14,681 17,679
NON CURRENT LIABILITIES:    
Other long-term liabilities 180 146
Liability in respect of employee rights upon retirement 2,648 3,235
Deferred income taxes 1,484 2,361
Total non-current liabilities 4,312 5,742
COMMITMENTS AND CONTINGENT LIABILITIES (NOTE 10)  
Total liabilities 18,993 23,421
EQUITY:    
Ordinary shares of NIS 0.9 par value: Authorized: 13,000,000 shares at December 31, 2018 and 10,000,000 shares at December 2017; Issued: 9,149,169 shares at December 31, 2018 and 9,122,501 shares at December 31, 2017; Outstanding: 8,874,696 shares at December 31, 2018 and 8,848,028 shares at December 31, 2017 2,809 2,802
Additional paid-in capital 65,535 65,073
Treasury shares, at cost, 274,473 shares at December 31, 2018 and 2017 (2,088) (2,088)
Accumulated other comprehensive income (loss) (206) 135
Retained earnings 18,244 22,652
Total shareholders' equity 84,294 88,574
Total liabilities and shareholders' equity $ 103,287 $ 111,995
[1] The total amount of Rotables included in the company spare parts inventory for the years ended December 31, 2018 and 2017 were $8,284 and $8,615, respectively.
[2] reclassified