XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
INTERIM CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 11,790 $ 3,349
Restricted cash 65 81
Trade receivables (net of allowance for doubtful accounts of $ 1,328 and $ 1,270 at June 30, 2014 and December 31, 2013, respectively) 21,356 19,793
Other accounts receivable and prepaid expenses 2,563 2,033
Inventories 6,359 6,038
Total current assets 42,133 31,294
LONG-TERM ASSETS:    
Long-term accounts receivable 537 546
Severance pay fund 9,517 9,349
Property and equipment, net 13,438 13,975
Other intangible assets, net 2,471 2,936
Goodwill 55,878 55,127
Total long-term assets 81,841 81,933
Total assets 123,974 113,227
CURRENT LIABILITIES:    
Short-term bank credit and current maturities of long-term loans 8,787 10,643
Trade payables 14,958 14,793
Deferred revenues and customer advances 8,396 7,753
Other accounts payable and accrued expenses 8,748 10,768
Total current liabilities 40,889 43,957
LONG-TERM LIABILITIES:    
Long-term loans from banks 16,776 9,301
Long-term loans from others 1,161 1,301
Deferred taxes and other long-term liabilities 6,596 5,712
Accrued severance pay 10,620 10,317
Total non-current liabilities 35,153 26,631
COMMITMENTS AND CONTINGENT LIABILITIES      
Pointer Telocation Ltd's shareholders' equity:    
Authorized: 8,000,000 shares at June 30, 2014 and December 31, 2013; Issued and outstanding: 7,688,564 and 5,565,558 and shares at June 30, 2014 and December 31, 2013, respectively 5,705 3,878
Additional paid-in capital 129,418 120,996
Accumulated other comprehensive income 1,995 1,456
Accumulated deficit (86,608) (89,220)
Total Pointer Telocation Ltd.'s shareholders' equity 50,510 37,110
Non-controlling interest (2,578) 5,529
Total equity 47,932 42,639
Total liabilities and equity $ 123,974 $ 113,227