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RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Restatement Of Previously Issued Consolidated Financial Statements |
Schedule of Consolidated Balance Sheets | Consolidated Balance Sheets:
ASSETS |  | December 31, 2020 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
Contract assets |  | $ | 41,573 |  |  | $ | 5,506 |  |  | $ | 47,079 |
Total current assets |  |  | 233,406 |  |  |  | 5,506 |  |  |  | 238,912 |
Long-term contract assets |  |  | - |  |  |  | 12,880 |  |  |  | 12,880 |
Total long-term assets |  |  | 38,678 |  |  |  | 12,880 |  |  |  | 51,558 |
Total assets |  | $ | 393,806 |  |  | $ | 18,386 |  |  | $ | 412,192 |
LIABILITIES AND SHAREHOLDERS' EQUITY
|  | December 31, 2020 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
Accrued expenses |  | $ | 46,387 |  |  | $ | 3,495 |  |  | $ | 49,882 |
Advances from customers and deferred revenues |  |  | 26,244 |  |  |  | (2,039 | ) |  |  | 24,205 |
Total current liabilities |  |  | 147,354 |  |  |  | 1,456 |  |  |  | 148,810 |
Long-term advances from customers |  |  | 1,890 |  |  |  | 348 |  |  |  | 2,238 |
Total long-term liabilities |  |  | 12,642 |  |  |  | 348 |  |  |  | 12,990 |
Accumulated deficit |  |  | (691,446 | ) |  |  | 16,582 |  |  |  | (674,864 | )
Total shareholders' equity |  |  | 233,810 |  |  |  | 16,582 |  |  |  | 250,392 |
Total liabilities and shareholders' equity |  | $ | 393,806 |  |  | $ | 18,386 |  |  | $ | 412,192 |
Schedule of Consolidated Statements of income | Consolidated Statements of Income:
|  | Year ended December 31, 2020 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 94,010 |  |  | $ | 425 |  |  | $ | 94,435 |
Services |  |  | 71,875 |  |  |  | (175 | ) |  |  | 71,700 |
Total revenues |  |  | 165,885 |  |  |  | 250 |  |  |  | 166,135 |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products |  |  | 84,300 |  |  |  | 85 |  |  |  | 84,385 |
Services |  |  | 40,370 |  |  |  | - |  |  |  | 40,370 |
Total cost of revenues |  |  | 124,670 |  |  |  | 85 |  |  |  | 124,755 |
Gross profit |  |  | 41,215 |  |  |  | 165 |  |  |  | 41,380 |
Operating income |  |  | 37,611 |  |  |  | 165 |  |  |  | 37,776 |
Income before taxes on income |  |  | 35,704 |  |  |  | 165 |  |  |  | 35,869 |
Net income |  | $ | 34,911 |  |  | $ | 165 |  |  | $ | 35,076 |
*) Adjustment for total basic and diluted earnings per share is lower than $0.01
|  | Year ended December 31, 2019 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 185,721 |  |  | $ | (6,036 | ) |  | $ | 179,685 |
Services |  |  | 77,771 |  |  |  | (122 | ) |  |  | 77,649 |
Total revenues |  |  | 263,492 |  |  |  | (6,158 | ) |  |  | 257,334 |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products |  |  | 122,071 |  |  |  | (6,478 | ) |  |  | 115,593 |
Services |  |  | 45,544 |  |  |  | - |  |  |  | 45,544 |
Total cost of revenues |  |  | 167,615 |  |  |  | (6,478 | ) |  |  | 161,137 |
Gross profit |  |  | 95,877 |  |  |  | 320 |  |  |  | 96,197 |
Operating income |  |  | 25,572 |  |  |  | 320 |  |  |  | 25,892 |
Income before taxes on income |  |  | 22,955 |  |  |  | 320 |  |  |  | 23,275 |
Net income |  | $ | 36,538 |  |  | $ | 320 |  |  | $ | 36,858 |
Total earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.66 |  |  | $ | 0.01 |  |  | $ | 0.67 |
Diluted |  | $ | 0.65 |  |  | $ | 0.01 |  |  | $ | 0.66 |
Schedule of Comprehensive Income | Consolidated Statements of Comprehensive Income:
|  | Year ended December 31, 2020 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
Net income |  | $ | 34,911 |  |  | $ | 165 |  |  | $ | 35,076 |
Comprehensive income |  | $ | 33,942 |  |  | $ | 165 |  |  | $ | 34,107 |
|  | Year ended December 31, 2019 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
Net income |  | $ | 36,538 |  |  | $ | 320 |  |  | $ | 36,858 |
Comprehensive income |  | $ | 36,870 |  |  | $ | 320 |  |  | $ | 37,190 |
Schedule of Restated segments information | Restated segments information Terrestrial Infrastructure Projects
|  | Year ended December 31, 2020 |  | Year ended December 31, 2019 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |  |  | As Reported |  |  | Adjustments |  |  | As Restated |
Revenues |  | $ | 19,045 |  |  | $ | 425 |  |  | $ | 19,470 |  |  | $ | 31,562 |  |  | $ | (6,035 | ) |  | $ | 25,527 |
Cost of revenues |  |  | 25,003 |  |  |  | 85 |  |  |  | 25,088 |  |  |  | 34,314 |  |  |  | (6,478 | ) |  |  | 27,836 |
Gross loss |  |  | (5,958 | ) |  |  | 340 |  |  |  | (5,618 | ) |  |  | (2,752 | ) |  |  | 443 |  |  |  | (2,309 | )
Operating loss |  | $ | (7,534 | ) |  | $ | 340 |  |  | $ | (7,194 | ) |  | $ | (4,122 | ) |  | $ | 443 |  |  | $ | (3,679 | )
Fixed Networks
|  | Year ended December 31, 2020 |  |  | Year ended December 31, 2019 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |  |  | As Reported |  |  | Adjustments |  |  | As Restated |
Revenues |  | $ | 92,671 |  |  | $ | (175 | ) |  | $ | 92,496 |  |  | $ | 127,265 |  |  | $ | (123 | ) |  | $ | 127,142 |
Cost of revenues |  |  | 61,939 |  |  |  | - |  |  |  | 61,939 |  |  |  | 80,038 |  |  |  | - |  |  |  | 80,038 |
Gross profit |  |  | 30,732 |  |  |  | (175 | ) |  |  | 30,557 |  |  |  | 47,227 |  |  |  | (123 | ) |  |  | 47,104 |
Operating profit |  | $ | 2,474 |  |  | $ | (175 | ) |  | $ | 2,299 |  |  | $ | 10,074 |  |  | $ | (123 | ) |  | $ | 9,951 |

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