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v3.22.1

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
--- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2018 | $ 1,159 | $ 218,400 | $ (6,125) | $ 30,522 | $ 4,413 | $ 248,369
Balance (in Shares) at Dec. 31, 2018 | 48,861,038 |  |  |  |  |
Exercise of stock options | $ 2 | 173 |  |  |  | 175
Exercise of stock options (in 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
Non-controlling interests reclassification to Redeemable non-controlling interests |  |  |  |  | 9,899 | 9,899
Dividend |  |  |  | (14,963) | (457) | (15,420)
Other comprehensive income |  |  | 5,801 |  | 424 | 6,225
Net income |  |  |  | 20,266 | 2,221 | 22,487
Balance at Dec. 31, 2019 | $ 1,161 | 218,647 | (324) | 28,354 | 16,859 | 264,697
Balance (in Shares) at Dec. 31, 2019 | 48,939,538 |  |  |  |  |
Exercise of stock options | $ 3 | 253 |  |  |  | 256
Exercise of stock options (in Shares) | 95,517 |  |  |  |  |
Acquisition of redeemable non-controlling interests |  | (5,972) |  |  |  | (5,972)
Increase in value of put options of redeemable non-controlling interests |  |  |  | (1,317) |  | (1,317)
Acquisition of non-controlling interests |  | (1,215) |  |  | (3,409) | (4,624)
Non-controlling interests reclassification to Redeemable non-controlling interests |  |  |  |  | (6,617) | (6,617)
Dividend |  |  |  | (12,503) | (931) | (13,434)
Other comprehensive income |  |  | 8,159 |  | 267 | 8,426
Net income |  |  |  | 25,186 | 2,405 | 27,591
Balance at Dec. 31, 2020 | $ 1,164 | 211,713 | 7,835 | 39,720 | 8,574 | 269,006
Balance (in Shares) at Dec. 31, 2020 | 49,035,055 |  |  |  |  |
Exercise of stock options | $ 1 | 40 |  |  |  | 41
Exercise of stock options (in Shares) | 38,000 |  |  |  |  |
Stock-based compensation |  | 956 |  |  |  | 956
Acquisition of redeemable non-controlling interests |  | (1,166) |  |  |  | (1,166)
Increase in value of put options of redeemable non-controlling interests |  |  |  | (4,026) |  | (4,026)
Dividend |  |  |  | (21,780) | (569) | (22,349)
Other comprehensive income |  |  | 1,459 |  | 360 | 1,819
Net income |  |  |  | 29,332 | 2,055 | 31,387
Balance at Dec. 31, 2021 | $ 1,165 | $ 211,543 | $ 9,294 | $ 43,246 | $ 10,420 | $ 275,668
Balance (in Shares) at Dec. 31, 2021 | 49,073,055 |  |  |  |  |

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