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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 53,434 $ 27,850
Investment in marketable securities 119 316
Accounts receivable (net of allowance for doubtful accounts) 45,390 45,821
Other current assets (Note 2) 52,724 48,156
Inventories (Note 3) 26,872 28,509
Total current assets 178,539 150,652
Long-term investments and other assets    
Investments in affiliated companies (Note 4A) 714 1,188
Investments in other companies (Note 4B) 2,213 1,779
Other non-current assets (Note 5) 3,989 3,129
Deferred income taxes (Note 15) 14,452 11,400
Funds in respect of employee rights upon retirement 18,525 15,146
Total non-current assets 39,893 32,642
Property and equipment, net (Note 6) 41,955 45,598
Operating lease right of use assets, net (Note 7) 8,071 9,905
Intangible assets, net (Note 8) 10,830 12,620
Goodwill (Note 9) [1] 39,400 39,510
Total assets 318,688 290,927
Current liabilities    
Credit from banking institutions (Note 10A) 355 11,845
Accounts payable 20,842 21,937
Deferred revenues 27,117 21,783
Other current liabilities (Note 11) 44,150 37,407
Total current liabilities 92,464 92,972
Long-term liabilities    
Deferred income taxes (Note 15) 1,116 1,534
Loan from bank institution (Note 10B) 237 345
Liability for employee rights upon retirement 24,562 21,224
Deferred revenues 13,259 13,036
Operating lease liabilities, non-current (Note 7) 4,774 6,886
Other non-current liabilities 2,027 2,071
Total non-current liabilities 45,975 45,096
Commitments and contingent liabilities (Note 12)
Stockholders' equity (Note 13)    
Share capital – ordinary shares of NIS 0.33 par value: Authorized – December 31, 2023 and 2022 – 60,000,000 shares Issued and outstanding – December 31, 2023 and 2022 – 23,475,431 shares 1,983 1,983
Additional paid- in capital 78,369 78,355
Accumulated other comprehensive loss (45,175) (45,831)
Retained earnings 203,563 168,963
Treasury stock at cost – December 31, 2023 – 3,581,851 shares and December 31, 2022 – 3,299,207 shares. (64,286) (57,673)
Stockholders’ equity 174,454 145,797
Non-controlling interests 5,795 7,062
Total equity 180,249 152,859
Total liabilities and equity $ 318,688 $ 290,927
[1] The accumulated amount of goodwill impairment loss as of December 31, 2023, and 2022 was US$ 29.89 million.