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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 18,731 $ 13,962 $ 4,734 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,966 2,122 1,961 [1]
Deferred tax expense (benefit) 1,701 6 (97) [1]
Share based compensation expense 1,681 634 429 [1]
Change in provision for doubtful debts (164) [1]
Revaluation of liabilities and interest expense on liabilities to the IIA (4,774) [1]
Loss on disposal of fixed assets 324 [1]
Changes in operating assets and liabilities:      
Trade accounts receivable, gross (8,456) (484) (7,365) [1]
Inventories (10,824) (5,323) 1,728 [1]
Due from related parties 548 (699) 536 [1]
Other assets (24) (378) (1,144) [1]
Trade accounts payable 4,778 198 277 [1]
Other current liabilities 6,306 2,673 1,827 [1]
Liability in respect of patent litigation (14,600) [1]
Liability for employee severance benefits, net 60 171 62 [1]
Net cash provided by (used in) operating activities from continuing operations 16,791 12,882 (16,590) [1]
Net cash used in operating activities from discontinued operations (11,247) [2] (758) [1],[2]
Net cash provided by (used in) operating activities 16,791 1,635 (17,348) [1]
Cash flows from investing activities:      
Repayment of short-term deposits 7,875 [1]
Purchase of fixed assets (2,243) (3,138) (1,293) [1]
Purchase of intangible assets (92) (84) (183) [1]
Proceeds from disposal of fixed assets 76 [1]
Net cash provided by (used in) investing activities from continuing operations (2,259) (3,222) 6,399 [1]
Net cash provided by (used in) investing activities from discontinued operations 29,854 [3] (164) [1],[3]
Net cash provided by (used in) investing activities (2,259) 26,632 6,235 [1]
Cash flows from financing activities:      
Payment to IIA (4) [1]
Proceeds from exercise of share options 1,757 1,341
Dividend payment (5,063) (5,001) [1]
Net cash used in financing activities from continuing operations (3,306) (3,660) (4) [1]
Net cash used in financing activities (3,306) (3,660) (4) [1]
Effect of exchange rate changes on cash (35) (603) 24 [1]
Net (decrease) increase in cash and cash equivalents 11,191 24,004 (11,093) [1]
Cash and cash equivalents at beginning of the year 43,744 19,740 [1] 30,833 [1]
Cash and cash equivalents at end of the year 54,935 43,744 19,740 [1]
A. Cash paid during the year for:      
Interest paid 17 [1]
Income taxes $ 534 $ 1,378 $ 629 [1]
[1] Reclassified - due to presenting PCB operation as discontinued operation - See Note 19
[2] Including adjustment for the gain from sale of the discontinued operation in the amount of $12,807 in 2017.
[3] Including net proceeds from the sale of the discontinued operation of $29,967 in 2017.