XML 16 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 16,520 $ 14,605 $ 17,077
Adjustments required to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,767 996 659
Write-down of obsolete inventory 219 1,029 1,926
Liability for employees' severance benefits, net (112) (86) 174
Discount on marketable securities, net 561 758 729
Share-based compensation expense 1,998 1,266 668
Deferred taxes (907) $ (219) (552)
Capital (gain) loss (3) 1
Changes in assets and liabilities:      
Accounts receivable - trade (4,850) $ (3,248) (2,322)
Accounts receivable - other 127 188 (114)
Accounts receivable - related parties (83) (6) (139)
Inventories (939) 3,416 (15,909)
Trade accounts payable 234 1,321 (1,474)
Other accounts payable and accrued expenses 853 649 $ 1,220
Contingent consideration adjustments (3,090) 45
Accounts payable - related parties (8) (30) $ (26)
Net cash provided by operating activities 13,287 20,684 1,918
Cash flows from investing activities      
Proceeds from (investments in) short term bank deposits, net 4,000 $ (1,000) $ (473)
Sale of property, plant and equipment 19
Purchase of property, plant and equipment $ (2,984) $ (1,858) $ (822)
Investment in intangible assets (100) (100)
Proceeds from maturity of marketable securities $ 15,100 14,750 12,500
Purchases of marketable securities (12,935) (11,740) $ (11,384)
Business acquisition, net of acquired cash (see Note 3) (10,000) (10,048)
Net cash used in investing activities (6,800) (9,996) $ (279)
Cash flows from financing activities      
Exercise of options 943 1,353 1,893
Dividend (7,274) (7,183) (3,913)
Net cash used in financing activities (6,331) (5,830) (2,020)
Effect of exchange rate changes on cash balances held 132 35 72
Increase (decrease) in cash and cash equivalents 288 4,893 (309)
Cash and cash equivalents at beginning of year 17,890 12,997 13,306
Cash and cash equivalents at end of year 18,178 17,890 12,997
Supplementary cash flow information Non-cash transactions:      
Investments in PPE and intangible assets 72 87 207
Supplementary cash flow information Cash paid during the year for:      
Income taxes $ 4,487 $ 1,277 $ 2,154