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v3.20.1

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands | Share capital | Additional paid-in capital | Accumulated other comprehensive income (loss) | Retained earnings | Non-controlling interests | Total
--- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2016 | $ 1,036 | $ 182,785 | $ (7,428) | $ 19,825 | $ 423 | $ 196,641
Beginning balance, Shares at Dec. 31, 2016 | 44,355,770 |  |  |  |  |
Exercise of stock options | $ 4 | 582 |  |  |  | 586
Exercise of stock options, Shares | 132,808 |  |  |  |  |
Stock-based compensation |  | 78 |  |  |  | 78
Redeemable non-controlling interests reclassification to non-controlling interests |  |  |  |  | 2,440 | 2,440
Dividend |  |  |  | (9,554) | (571) | (10,125)
Other comprehensive income (loss) |  |  | 7,511 |  | 54 | 7,565
Net income |  |  |  | 15,442 | 936 | 16,378
Ending balance at Dec. 31, 2017 | $ 1,040 | 183,445 | 83 | 25,713 | 3,282 | 213,563
Ending balance, Shares at Dec. 31, 2017 | 44,488,578 |  |  |  |  |
Issue of share capital, net of issuance costs of $ 400 | $ 117 | 34,452 |  |  |  | 34,569
Issue of share capital, Shares | 4,268,293 |  |  |  |  |
Exercise of stock options | $ 2 | 309 |  |  |  | 311
Exercise of stock options, Shares | 104,167 |  |  |  |  |
Stock-based compensation |  | 194 |  |  |  | 194
Increase in value of put options of redeemable non-controlling interests |  |  |  | (1,726) |  | (1,726)
Dividend |  |  |  | (13,348) | (69) | (13,417)
Other comprehensive income (loss) |  |  | (6,208) |  | (310) | (6,518)
Net income |  |  |  | 19,883 | 1,510 | 21,393
Ending balance at Dec. 31, 2018 | $ 1,159 | 218,400 | (6,125) | 30,522 | 4,413 | 248,369
Ending balance, Shares at Dec. 31, 2018 | 48,861,038 |  |  |  |  |
Exercise of stock options | $ 2 | 173 |  |  |  | 175
Exercise of stock options, Shares | 78,500 |  |  |  |  |
Stock-based compensation |  | 74 |  |  |  | 74
Acquisition of redeemable non-controlling interests |  |  |  | (911) |  | (911)
Increase in value of put options of redeemable non-controlling interests |  |  |  | (6,560) |  | (6,560)
Acquisition of non-controlling interests |  |  |  |  | 359 | 359
Redeemable non-controlling interests reclassification to non-controlling interests |  |  |  |  | 9,899 | 9,899
Dividend |  |  |  | (14,963) | (457) | (15,420)
Other comprehensive income (loss) |  |  | 5,801 |  | 424 | 6,225
Net income |  |  |  | 20,266 | 2,221 | 22,487
Ending balance at Dec. 31, 2019 | $ 1,161 | $ 218,647 | $ (324) | $ 28,354 | $ 16,859 | $ 264,697
Ending balance, Shares at Dec. 31, 2019 | 48,939,538 |  |  |  |  |

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