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Condensed Interim Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 5,441 $ 5,041
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,599 1,024
Write-down of obsolete inventory 693 123
Liability for employees' severance benefits, net 220 16
Discount on marketable securities, net 212 298
Share-based compensation expense 864 734
Deferred taxes (6) (359)
Adjustments in relation to acquisition (180)
Changes in assets and liabilities:    
Accounts receivable - trade 2,396 3,255
Accounts receivable - other (3,112) (1,623)
Inventories (12,797) (5,951)
Trade accounts payable 6,399 1,893
Other accounts payable and accrued expenses (4,842) 1,506
Contingent consideration adjustments 15 404
Net cash provided by (used in) operating activities (3,098) 6,361
Cash flows from investing activities    
Proceeds from short term bank deposits, net 4,000
Sale of property, plant and equipment 49
Purchases of property, plant and equipment (860) (1,791)
Proceeds from maturity of marketable securities 3,625 10,200
Purchases of marketable securities (12,935)
Net cash provided by (used in) investing activities 2,765 (477)
Cash flows from financing activities    
Exercise of options 416 856
Dividend (7,312) (7,274)
Net cash used in financing activities (6,896) (6,418)
Effect of exchange rate changes on cash balances held 20 104
Decrease in cash and cash equivalents (7,209) (430)
Cash and cash equivalents at beginning of period 18,178 17,890
Cash and cash equivalents at end of period 10,969 17,460
Supplementary cash flow information Non-cash transactions:    
Investments in PPE 68 223
Supplementary cash flow information Cash paid during the period for:    
Income taxes $ 2,444 $ 990