XML 86 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CONSOLIDATED STATEMENTS OF INCOME [Abstract]      
Revenues $ 356,554 $ 296,564 $ 259,671
Cost of revenues 194,436 169,169 155,377
Gross profit 162,118 127,395 104,294
Operating expenses:      
Research and development (net of grants and participations for the amount of $11, $310 and $211 for the years ended December 31, 2013, 2012 and 2011, respectively) 2,002 2,100 2,487
Marketing and selling 51,209 46,911 34,043
General and administrative 32,904 28,423 30,018
Total operating expenses 86,115 77,434 66,548
Operating income 76,003 49,961 37,746
Finance expenses, net 1,314 2,773 4,775
Income before taxes on income 74,689 47,188 32,971
Taxes on income 10,336 6,821 3,600
Income after taxes on income 64,353 40,367 29,371
Equity in loss of affiliate, net       67
Net income 64,353 40,367 29,304
Net income attributable to non-controlling interest 1,009 735 252
Net income attributable to controlling interest 63,344 39,632 29,052
Dividends attributable to preferred shareholders       8,376
Net income attributable to controlling interest $ 63,344 $ 39,632 $ 20,676
Basic net income per share of ordinary shares $ 1.83 $ 1.21 $ 1.06
Diluted net income per share of ordinary shares $ 1.80 $ 1.21 $ 1.06
Weighted average number of ordinary shares used in computing basic income per share 34,666,514 32,641,701 19,565,000
Weighted average number of ordinary shares used in computing diluted income per share 35,209,946 32,699,748 19,565,000