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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 16,521 $ 3,502 $ 3,798
Adjustments required to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,924 3,258 3,959
Impairment of tangible and intangible assets 0 0 917
Accrued interest and exchange rate changes of debenture and long-term loans 52 29 (888)
Accrued severance pay, net 93 20 17
Gain from sale of property and equipment, net (113) (232) (143)
Stock-based compensation 380 320 309
Decrease in restricted cash 0 0 62
Increase in trade receivables, net (1,616) (3,489) (236)
Increase in other accounts receivable and prepaid expenses (206) (942) (469)
Decrease (increase) in inventories (1,170) (1,063) 658
Decrease (increase) deferred income taxes (8,018) 1,774 1,080
Decrease (increase) in long-term accounts receivable 165 99 (91)
Increase (decrease) in trade payables (1,597) 3,346 1,277
Increase (decrease) in other accounts payable and accrued expenses 2,285 2,455 (1,448)
Net cash provided by operating activities 9,700 9,077 8,802
Cash flows from investing activities:      
Purchase of property and equipment (3,033) (4,129) (3,616)
Purchase of other intangible assets (233) (115) 0
Proceeds from sale of property and equipment 114 648 1,266
Acquisition of subsidiary (a) 0 (8,531) 0
Net cash used in investing activities (3,152) (12,127) (2,350)
Cash flows from financing activities:      
Receipt of long-term loans from banks 0 6,263 14,934
Repayment of long-term loans from banks (4,875) (4,976) (19,503)
Proceeds from issuance of shares and exercise of options, net of issuance costs 395 98 15
Distribution as a dividend in kind of previously consolidated subsidiary (b) 0 (1,870) 0
Short-term bank credit, net (231) 716 (915)
Net cash provided (used) in financing activities (4,711) 231 (5,469)
Effect of exchange rate on cash and cash equivalents (528) (462) (193)
Increase (decrease) in cash and cash equivalents 1,309 (3,281) 790
Cash and cash equivalents at the beginning of the year 6,066 9,347 8,557
Cash and cash equivalents at the end of the period- continuing operations 7,375 6,066 9,347
Cash and cash equivalents at the end of the period- discontinued operation 0 0 2,095
Cash and cash equivalents at the end of the year $ 7,375 $ 6,066 $ 9,347