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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Taxes [Abstract] |
Composition of Income (Loss) Before Income Taxes and Income Tax Expense (Benefit) |
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | U.S. Dollars (in thousands) |
Income (loss) before income taxes from continuing operations: |  |  |  |  |  |  |  |  |
Israel |  |  | 18,746 |  |  |  | (4,761 | ) |  |  | (390 | )
Non-Israeli |  |  | 2,015 |  |  |  | 1,574 |  |  |  | 1,562 |
|  |  | 20,761 |  |  |  | (3,187 | ) |  |  | 1,172 |
Income tax expense from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | (306 | ) |  |  | 56 |  |  |  | 28 |
Non-Israeli |  |  | 635 |  |  |  | 122 |  |  |  | 372 |
|  |  | 329 |  |  |  | 178 |  |  |  | 400 |
Deferred tax expense (benefit) from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 1,867 |  |  |  | (5,125 | ) |  |  | 620 |
Non-Israeli |  |  | (166 | ) |  |  | 72 |  |  |  | (717 | )
|  |  | 1,701 |  |  |  | (5,053 | ) |  |  | (97 | )
|  |  | 2,030 |  |  |  | (4,875 | ) |  |  | 303 |
Reconciliation of The Theoretical Income Tax Expense | The following is a reconciliation of the theoretical income tax expense, assuming all income is taxed at the statutory tax rate applicable to Israeli companies, and the actual income tax expense:
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | U.S. Dollars (in thousands) |
Income (loss) before income taxes from continuing operations |  |  | 20,761 |  |  |  | (3,187 | ) |  |  | 1,172 |
Statutory tax rate |  |  | 23 | % |  |  | 24 | % |  |  | 25 | %
Theoretical income tax expense (benefit) |  |  | 4,775 |  |  |  | (765 | ) |  |  | 293 |
Increase (decrease) in income tax expense resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Change in valuation allowance |  |  | (346 | ) |  |  | (185 | ) |  |  | (721 | )
Non-deductible expenses(*) |  |  | 214 |  |  |  | 186 |  |  |  | 182 |
Differences between foreign currencies |  |  |  |  |  |  |  |  |  |  |  |
and dollar-adjusted financial statements, net |  |  | 240 |  |  |  | (587 | ) |  |  | (120 | )
Tax rate differential |  |  | (3,072 | ) |  |  | 633 |  |  |  | (57 | )
Change in tax rate |  |  | - |  |  |  | 182 |  |  |  | 592 |
Recognition of income tax benefit with respect to losses related to investment in subsidiaries |  |  | - |  |  |  | (4,929 | ) |  |  | - |
Other |  |  | 219 |  |  |  | 590 |  |  |  | 134 |
Actual income tax expense (benefit) |  |  | 2,030 |  |  |  | (4,875 | ) |  |  | 303 |
(*) Including non-deductible share based compensation.
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences and carryforwards that give rise to significant portions of the deferred tax assets and liabilities are presented below:
|  | December 31, |
|  | 2018 |  |  | 2017 |
|  | U.S. Dollars (in thousands) |
Deferred tax assets: |  |  |  |  |  |
Allowance for doubtful accounts |  |  | 81 |  |  |  | 92 |
Inventory write-down |  |  | 267 |  |  |  | 376 |
Unearned revenue |  |  | 275 |  |  |  | 63 |
Accrued expenses |  |  | 441 |  |  |  | 367 |
Net operating losses (NOL) and tax credit carryforwards |  |  | 1,904 |  |  |  | 4,218 |
Other temporary differences |  |  | 138 |  |  |  | 113 |
Total gross deferred tax assets |  |  | 3,106 |  |  |  | 5,229 |
Valuation allowance |  |  | - |  |  |  | (496 | )
Deferred tax asset, net of valuation allowance |  |  | 3,106 |  |  |  | 4,733 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property, plant and equipment |  |  | (231 | ) |  |  | (242 | )
Undistributed earnings |  |  | (509 | ) |  |  | (424 | )
|  |  | (740 | ) |  |  | (666 | )
Net deferred tax assets |  |  | 2,366 |  |  |  | 4,067 |

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