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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Changes In Accumulated Other Comprehensive Income By Components
The following table displays the changes in accumulated other comprehensive income (loss), net of taxes, in the amount of $50,019 and $7,292, for the years ended December 31, 2019 and 2018, respectively, by components:
 
 
 
Unrealized gains (losses) on derivative instruments
 
Unrealized gains (losses) on available-for-sale marketable securities
 
Unrealized gains (losses) with respect to pension and post-retirement benefit plans
 
Foreign currency translation differences
 
Total
Balance as of January 1, 2019
 
$
(3,158
)
 
$
—

 
$
(39,499
)
 
$
(52,287
)
 
$
(94,944
)
Other comprehensive income (loss) before reclassifications
 
19,838

 
—

 
(60,161
)
 
6,822

 
(33,501
)
Amount reclassified from accumulated other comprehensive income (loss)
 
(9,873
)
 
—

 
(6,645
)
 
—

 
(16,518
)
Net current-period other comprehensive income (loss)
 
9,965

 
—

 
(66,806
)
 
6,822

 
(50,019
)
Balance as of December 31, 2019
 
$
6,807

 
$
—

 
$
(106,305
)
 
$
(45,465
)
 
$
(144,963
)

 
 
Unrealized gains (losses) on derivative instruments
 
Unrealized gains (losses) on available-for-sale marketable securities
 
Unrealized gains (losses) with respect to pension and post-retirement benefit plans
 
Foreign currency translation differences
 
Total
Balance as of January 1, 2018
 
$
(6,963
)
 
$
11

 
$
(47,469
)
 
$
(33,231
)
 
$
(87,652
)
Other comprehensive income (loss)
 before reclassifications
 
(5,357
)
 
—

 
3,321

 
(19,056
)
 
(21,092
)
Amount reclassified from accumulated other comprehensive income (loss)
 
9,162

 
(11
)
 
4,649

 
—

 
13,800

Net current-period other comprehensive income (loss)
 
3,805

 
(11
)
 
7,970

 
(19,056
)
 
(7,292
)
Balance as of December 31, 2018
 
$
(3,158
)
 
$
—

 
$
(39,499
)
 
$
(52,287
)
 
$
(94,944
)
Schedule Of Estimated Useful Life Of Assets
Depreciation is calculated by the straight-line method over the estimated useful life of the assets at the following annual rates:

 
%
 
 
Buildings and leasehold improvements (*)
2-25
 
 
Instruments, machinery and equipment
5-33
 
 
Office furniture and other
7-33
 
 
Motor vehicles
6-20
 
(Mainly 15%)


(*) 
Leasehold improvements are amortized generally over the term of the lease or the useful life of the assets, whichever is shorter. 
Income Statement Impact of Cumulative Catch-Up Adjustments
The aggregate cumulative catch-up adjustment in EAC estimates on significant contracts had the following favorable/ (unfavorable) impact on the Company's operating results:
 
Year ended December 31,
 
2019
 
2018
 
2017
Cost of revenue, net
$
4,600

 
$
32,200

 
$
42,700

Percentage of cost of revenue(*)
0.14
%
 
1.19
%
 
1.79
%
Net income
$
4,200

 
$
28,600

 
$
34,400

Diluted earning per share
$
0.10

 
$
0.67

 
$
0.80


(*)  
Percentage of cost of revenue during 2019 and 2018 is excluding non-recurring acquisition related expenses recorded in cost of revenues. (See Note 1C(1) and 1C(5)).
Schedule of Disaggregation of Revenue
Disaggregation of revenue:

Revenue by products and services was as follows:
 
Year ended December 31,
 
2019
 
2018
Revenue from sale of products
$
4,146,618

 
$
3,352,602

Service revenue
361,782

 
331,082

 
$
4,508,400

 
$
3,683,684


Revenue by transfer type was as follows:
 
Year ended December 31,
 
2019
 
2018
Over time
$
3,432,511

 
$
3,037,223

Point in time
1,075,889

 
646,461

 
$
4,508,400

 
$
3,683,684



Note 2 - SIGNIFICANT ACCOUNTING POLICIES (Cont.)

T.    REVENUE RECOGNITION (Cont.)

Revenue by customers was as follows:
 
Year ended December 31,
 
2019
 
2018
Israel Government Authorities (1,2)
$
1,134,703

 
$
685,680

US Government (2)
800,345

 
635,150

Other Governments
2,121,164

 
2,004,947

Commercial sales and other
452,188

 
357,907

 
$
4,508,400

 
$
3,683,684

(1) Including U.S. Foreign Military Financing sales
(2) Including indirect sales
Schedule Of Warranty Liability
Changes in the Company’s provision for warranty, which is included mainly in other payables and accrued expenses in the balance sheet, are as follows:
 
2019
 
2018
Balance, at January 1
$
219,695

 
$
198,226

Cumulative effect from adopting ASC 606
—

 
337

Warranties issued during the year
58,298

 
64,723

Reduction due to expired warranties or claims during the year
(98,224
)
 
(84,593
)
Deconsolidation of subsidiary
—

 
(369
)
Additions resulting from acquisitions
1,554

 
41,371

Balance, at December 31
$
181,323

 
$
219,695
Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are summarized below:
 
Fair value measurement at
 
December 31, 2019 using
 
Quoted Prices
in Active
Markets for
Identical Assets
 (Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Description of Assets
 
 
 
 
 
Foreign currency derivatives and option contracts
$
—

 
$
23,886

 
$
—

Cross-currency interest rate swap
—

 
6,183

 
—

Premises evacuation
—

 
—

 
30,867

Investments elected to be accounted for using the fair value method
—

 
—

 
51,415

Liabilities
 
 
 
 
 
Contingent purchase obligation
—

 
—

 
(147,086
)
Foreign currency derivative and option contracts
—

 
(8,326
)
 
—

Total
$
—

 
$
21,743

 
$
(64,804
)
 
Fair value measurement at
 
December 31, 2018 using
 
Quoted Prices
in Active
Markets for
Identical Assets
 (Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Description of Assets
 
 
 
 
 
Foreign currency derivatives and option contracts
$
—

 
$
22,549

 
$
—

Cross-currency interest rate swap
—

 
4,378

 
—

Investments elected to be accounted for using the fair value method
—

 
—

 
46,858

Liabilities
 
 
 
 
 
Contingent purchase obligation
—

 
—

 
(136,984
)
Foreign currency derivative and option contracts
—

 
(23,936
)
 
—

Total
$
—

 
$
2,991

 
$
(90,126
)
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value based cost of employee stock options is estimated at the grant date using a lattice-based option valuation model with the following weighted average assumptions:

 
2018
Dividend yield
2.2
%
Expected volatility
20.9
%
Risk-free interest rate
2.7
%
Expected life (in years)
5.25

Forfeiture rate
0.6
%
Suboptimal factor
1.75