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Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Information [Abstract]  
Segment Information
Note 18 - Segment Information

Description of segments:
 
Until the fourth quarter of 2013, the Company operated under one reporting segment. During the first quarter of 2014, following a change in the role of the Company's chief operating decision-maker (“CODM”), the Company determined that it operates under two reportable segments.
 
The Company's segment information has been prepared in accordance with ASC 280, "Segment Reporting." Operating segments are defined as components of an enterprise engaging in business activities about which separate financial information is available that is evaluated regularly by the CODM in deciding how to allocate resources and assess performance. The Company's CODM is its Active Chairman and Chief Executive Officer, who evaluates the Company's performance and allocates resources based on segment revenues and operating income.

The Company's reportable segments are as follows: semiconductor fabrication industry (“microelectronics”) and printed circuit boards industry (“PCB”).

Microelectronics - The semiconductor fabrication industry produces integrated circuits on silicon (or other semiconductor materials) wafers; each wafer contains numerous integrated circuits dices which are small block of semiconducting material on which a given functional circuit is fabricated.

PCB - A printed circuit board is the basic platform that supports and interconnects a broad range of electronic components, such as integrated circuit devices, resistors, capacitors, coils and the like, and enables them to operate as an electronic system. Printed circuit boards consist of traces, or lines, of conductive material, such as copper, laminated on either a rigid or a flexible insulating base.
 
Segment data:
 
The Company derives the results of its business segments directly from its internal management reporting system and by using certain allocation methods. The accounting policies the Company uses to derive business segment results are substantially the same as those the Company uses for consolidation of its financial statements. The CODM measures the performance of each business segment based on several metrics, including earnings from operations. The CODM uses these results, in part, to evaluate the performance of, and to assign resources to, each of the business segments. The Company does not allocate to its reportable segments certain operating expenses, which it manages separately at the corporate level.

The Company does not allocate any assets to segments and, therefore, no amount of assets is reported to management and disclosed in the financial information for segments. Selected operating results information for each business segment was as follows for the year ended December 31, 2015, 2014 and 2013:
 
   
Year Ended December 31,
  
   
Revenues
    
Income (loss) from operations
  
   
2015
    
2014
    
2013
    
2015
    
2014
    
2013
  
   
U.S. Dollars
    
U.S. Dollars
  
PCB
     30,138       30,480       31,803       (5,902 )     (2,422 )     (1,588 )
Microelectronics
     69,137       57,833       53,602       (2,671 )     9,922       5,605  
Total
     99,275       88,313       85,405       (8,573 )     7,500       4,017  
 
The reconciliation of segment operating results information to the Company’s consolidated financial information was as follows:
 
   
Year Ended December 31,
  
   
2015
    
2014
    
2013
  
   
U.S. Dollars
  
Income (loss) from operations
     (8,573 )     7,500       4,017  
Unallocated general and administrative expenses
     1,216       2,056       2,501  
Share-based compensation expenses
     270       308       380  
Financial expenses
     1,877       1,220       1,738  
                         
Consolidated income (loss) before taxes
     (11,936 )     3,916       (602 )
 
Substantially all fixed assets are located in Israel and substantially all revenues are derived from shipments to other countries. Revenues are attributable to geographic areas/countries based upon the destination of shipment of products and related services as follows:
 
   
Year Ended December 31,
  
   
2015
    
2014
    
2013
  
   
U.S. Dollars
  
China and Hong Kong
     30,158       28,526       25,889  
Taiwan
     24,854       17,495       14,543  
Korea
     13,208       8,889       15,691  
United States
     10,219       12,518       11,705  
Asia- Other
     7,836       11,336       6,072  
Japan
     7,035       3,204       4,010  
Western Europe
     5,380       5,739       6,519  
Rest of the world
     585       606       976  
                         
      99,275       88,313       84,405