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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ (3,033) $ 35,076 [1] $ 36,858 [1]
Adjustments required to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 10,991 10,291 10,978
Capital loss from disposal of property and equipment and impairment of held for sale asset 651 181 461
Stock-based compensation of options 1,304 1,282 2,135
Accrued severance pay, net 26 242 361
Exchange rate differences on long-term loan (12)
Deferred taxes, net 1,744 (867) (14,883)
Decrease (increase) in trade receivables, net (11,205) 19,332 (1,323)
Decrease (increase) in contract assets 21,412 (18,489) [1] 32,228 [1]
Decrease (increase) in other assets and receivables (247) 8,941 1,511
Decrease (increase) in inventories 2,449 (5,050) (8,076)
Decrease in trade payables (711) (157) (3,884)
Decrease in accrued expenses (1,482) (7,463) [1] (18,149) [1]
Decrease in advances from customers and deferred revenues (917) (1,535) [1] (896) [1]
Increase (decrease) in other liabilities (2,079) 1,376 (2,527)
Net cash provided by operating activities 18,903 43,160 34,782
Cash flows from investing activities:      
Purchase of property and equipment (8,933) (4,716) (7,982)
Investment in short-term deposits (2,159)
Net cash used in investing activities (11,092) (4,716) (7,982)
Cash flows from financing activities:      
Proceeds from exercise of stock options 375
Repayment of long-term loans (4,000) (4,096) (4,447)
Dividend payment (35,003)   (24,864)
Net cash used in financing activities (39,003) (24,095) (28,936)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (303)   (99)
Increase (decrease) in cash, cash equivalents and restricted cash (31,495) 13,989 (2,235)
Cash, cash equivalents and restricted cash at the beginning of the year 115,958 101,969 104,204
Cash, cash equivalents and restricted cash at the end of the year (a) 84,463 115,958 101,969
Supplementary disclosure of cash flows activities:      
Interest 98 293 509
Taxes on income 1,191 1,084 1,580
(B) Non-cash transactions:      
Purchases of property and equipment that were not paid for and reclassification from inventories to property and equipment 2,426 285 1,449
Reclassification from property and equipment to inventories 155 680
New operating lease assets obtained in exchange for operating lease liabilities 913 3,175 1,469
Dividends declared $ 35,003
[1] The Company restated previously issued consolidated financial statements. See Note 2 and Note 17 for additional information.