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Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net

Note 6 - Property, Plant and Equipment, Net

		December 31,
		2018				2017
		U.S. Dollars (in thousands)
Cost:
Land			863				863
Building			14,099				13,307
Machinery and equipment			7,331				6,406
Office furniture and equipment			624				758
Computer equipment and software			4,383				4,310
Automobiles			87				87
Leasehold improvements			622				353
			28,009				26,084
Less accumulated depreciation			10,892				10,581
			17,117				15,503

Depreciation expenses for the years ended December 31, 2018, 2017 and 2016 amounted to $1,868, $2,001, and $1,820, respectively.

In accordance with credit line agreements, a lien has been placed on the Company’s facility in Israel. See Note 10(D).

During the year ended December 31, 2018, the Company completed the construction of a new facility adjacent to its headquarters. Cumulative costs incurred up to the reporting date are $2,327 (2017 - $2,044). Depreciation of the facility began to be recognized in 2018.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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