XML 18 R7.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Nature of Operations | 12 Months Ended
--- | ---
Dec. 31, 2015
Nature of Operations [Abstract] |
Nature of Operations | Note 1 - Nature of Operations
| A. | Camtek Ltd. (“Camtek” or “Company”), an Israeli corporation, is controlled by (47.87%) Priortech Ltd. (“Parent”), an Israeli corporation listed on the Tel-Aviv Stock Exchange. Camtek provides automated and technologically advanced solutions dedicated to enhancing production processes, increasing products yield and reliability, enabling and supporting customers’ latest technologies in the semiconductor fabrication and Printed Circuit Boards (PCB) industries.
| B. | As of December 31, 2015, based on Management's estimates regarding future sales of one-color Gryphon systems, an obsolescence provision was recorded against inventory. During 2015, delays in marketing the Gryphon system resulted in an impairment of the Company’s goodwill and IPR&D recorded in the Printar acquisition. In 2015, the Company signed an agreement with Printar, whereby its obligation to payment of $2,000 – conditional on certain terms relating to the sale of machinery based on the solder mask technology, if and when there products were commercialized – was replaced and paid off with a one-time final payment of $425, which the Company paid $50 in cash and issued shares with the value of $375.
In December 2013, the Company decided not to continue with the development of future models of its Xact product line which had been acquired as part of the acquisition of SELA – Semiconductor Engineering Laboratories Ltd. in 2009 (“SELA acquisition”). In December 2014, the Company entered into a buy-out arrangement to sell the remaining activities of the Sela division. The sale was completed in January 2015 and, as part of this arrangement, in 2015 Camtek sold the Sela systems remaining in inventory, but no longer continues to support the Sela customer base. Accordingly, during 2014 and 2013 the Company wrote off excess inventories, fixed assets, goodwill and adjusted its liabilities in respect to the SELA acquisition.
| The impact of these decisions on the consolidated statement of income in the years ended December 31, 2015, 2014 and 2013 was as follows:
|  |  |  | Year ended |  |  | Year ended |  |  | Year ended |
|  |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  |  |  | 2015 |  |  | 2014 |  |  | 2013 |
|  |  |  | U.S. Dollars |  |  | U.S. Dollars |  |  | U.S. Dollars |
Account |  | Nature of impact |  | (in thousands) |  |  | (in thousands) |  |  | (in thousands) |
Cost of Revenues |  | Inventory write-off |  |  | 1,041 |  |  |  | 205 |  |  |  | 3,052 |
Reorganization and |  | Impairment charge with |  |  |  |  |  |  |  |  |  |  |  |
impairment |  | respect of technology, |  |  |  |  |  |  |  |  |  |  |  |
|  | customer relationships and goodwill |  |  | 1,595 |  |  |  | - |  |  |  | 1,656 |
Reorganization and |  | Revaluation of liabilities |  |  |  |  |  |  |  |  |  |  |  |
impairment |  | in respect of Printar and SELA acquisition |  |  | (1,457 | ) |  |  | (106 | ) |  |  | (5,122 | )
Reorganization and |  |  |  |  |  |  |  |  |  |  |  |  |  |
impairment |  | Other |  |  | - |  |  |  | 166 |  |  |  | 854 |
|  |  |  |  | 1,179 |  |  |  | 265 |  |  |  | 440 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=35735333&loc=d3e288-107754 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18780-107790 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755 + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration