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CUSTOMERS, GEOGRAPHIC AND SEGMENTS INFORMATION
 6 Months Ended
Jun. 30, 2012
CUSTOMERS, GEOGRAPHIC AND SEGMENTS INFORMATION [Abstract]  
CUSTOMERS, GEOGRAPHIC AND SEGMENTS INFORMATION
NOTE 8:
CUSTOMERS, GEOGRAPHIC AND SEGMENTS INFORMATION

The Group applies ASC 280, "Segment Reporting" ("ASC 280").

 
a.
Revenues by geographic areas:

Following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location of the end customers, and in accordance with ASC 280, are as follows:

 
Six months ended
 
June 30,
 
2012

2011
 
Unaudited
 





United States
$ 54,823

$ 82,409
Latin America

54,719


42,014
Asia and Asia Pacific

37,468


21,951
Africa

4,857


5,735
Europe

10,059


9,626
 







 
$ 161,926

$ 161,735

 
b.
One major customer accounted for 12% of the total consolidated revenues for the six months ended June 30, 2012, and another major customer accounted for 11% of total consolidated revenues for the six months ended June 30, 2011.

 
c.
The Group's long-lived assets are located as follows:

 
June 30,

December 31,
 
2012

2011
 
Unaudited



 





Israel
$ 72,266

$ 73,760
United States

11,043


12,490
Latin America

4,702


4,867
Europe

9,072


9,197
Other

600


612
 







 
$ 97,683

$ 100,926

 
d.
Information on operating segments: see Note 1a.

 
e.
Information on the reportable segments:


1.
The measurement of the reportable operating segments is based on the same accounting principles applied in these financial statements.


2.
Certain figures have been reclassified to conform to the 2011 presentation. The reclassification had no effect on previously reported net income.


3.
Financial data relating to reportable operating segments:

 
Six months ended June 30, 2012 (unaudited)
 
Commercial

Defense

Services

Total
 











Revenues

68,585


28,351


64,990


161,926
Cost of Revenues

42,459


20,971


46,778


110,208
 















Gross profit

26,126


7,380


18,212


51,718
 















R&D expenses:















Expenses incurred

10,031


6,544


-


16,575
Less - grants

1,194


490


-


1,684
 















 

8,837


6,054


-


14,891
 















Selling and marketing

11,643


4,612


4,496


20,751
General and administrative

5,455


1,900


8,919


16,274
 















Operating income (loss)

191


(5,186 )

4,797


(198 )
Financial expenses, net













(2,015 )
Loss before taxes













(2,213 )
Tax benefit













(2 )
Net loss













(2,211 )

 
Six months ended June 30, 2011 (unaudited)
 
Commercial

Defense

Services

Total
 











Revenues

53,129


35,208


73,398


161,735
Cost of Revenues

28,752


22,952


51,551


103,255
 















Gross profit

24,377


12,256


21,847


58,480
R&D expenses:















Expenses incurred

9,562


8,164


-


17,726
Less - grants

1,385


350


-


1,735
 















 

8,177


7,814


-


15,991
 















Selling and marketing

11,435


5,082


6,675


23,192
General and administrative

5,663


3,476


8,968


18,107
Costs related to acquisition transactions

39


-


217


256
 















Operating income (loss)

(937 )

(4,116 )

5,987


934
Financial expenses, net













(737 )
Other Income













1,826
Income before taxes













2,023
Taxes on income













644
Net income













1,379