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Condensed Interim Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 6,790 $ 5,441
Adjustments required to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,887 1,599
Write down of obsolete inventory 879 693
Change in liability for Employees' severance benefits, net 125 220
Discount of marketable securities 138 212
Share based compensation expense 1,301 864
Deferred taxes income (19) (6)
Adjustment in relation to acquisition (180)
Changes in assets and liabilities:    
Accounts receivable - trade (5,649) 2,396
Accounts receivable - other (3,394) (3,112)
Inventories (8,267) (12,797)
Trade accounts payable 8,291 6,399
Other accounts payable and accrued expenses 555 (4,842)
Contingent consideration adjustments 118 15
Net cash provided by (used in) operating activities 2,755 (3,098)
Cash flows from investing activities    
Purchases of property, plant and equipment (863) (860)
Proceeds from maturity of marketable securities 10,475 3,625
Net cash provided by investing activities 9,612 2,765
Cash flows from financing activities    
Exercise of options 403 416
Dividend (7,382) (7,312)
Net cash used in financing activities (6,979) (6,896)
Effect of exchange rate changes on cash balances held (20) 20
Increase (decrease) in cash and cash equivalents 5,368 (7,209)
Cash and cash equivalents at beginning of period 11,917 18,178
Cash and cash equivalents at end of period 17,285 10,969
Supplementary cash flow information A. Non-cash transactions:    
Investments in PPE 132 68
Supplementary cash flow information B. Cash paid during the period for:    
Income taxes $ 2,076 $ 2,444