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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 $ 130,887 $ 78,995 $ 56,716
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 44,543 44,756 45,282
Compensation relating to equity awards granted 9,876 6,356 3,816
Decrease (increase) in liability for employee rights upon retirement, net 1,028 943 (113)
Long-term loans discount amortization   1,866 897
Deferred financing costs amortization 479 5,692 2,010
Deferred income taxes (29,241) (2,693) (2,024)
Amortization of premium and accretion of discount on marketable securities, net 167 145 145
Equity in earnings of Frontline, net of dividends received (727) 1,261 (540)
Other 127 751 1,014
Gain from PixCell step acquisition (478)    
GAIN FROM THE SALE OF THE THERMAL PRODUCTS BUSINESS     (628)
Gain from release of AMST earn-out of payment obligation (1,471)    
Increase in accounts receivable:      
Trade (36,496) (41,607) (37,067)
Other (10,568) (2,921) (5,507)
Increase in accounts payable and accruals:      
Trade 24,030 6,898 353
Other (including other long-term tax liabilities) 36,845 7,994 13,915
Increase (decrease) in deferred income 8,869 (1,056) (7,770)
Decrease (increase) in inventories (47,914) 1,080 18,765
Net cash provided by operating activities 129,956 108,460 89,264
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (24,445) (23,550) (19,348)
Purchase of intellectual property (700)    
Proceeds from sale of property, plant and equipment 157    
Consideration received from the sale of the Thermal Products Business   12,000 10,000
Withdrawal (deposit) of bank deposits (3,326) 8,761 450
Purchase of marketable securities (1,994) (5,553) (1,099)
Redemption and sale of marketable securities 1,004 4,337 821
Investment in equity method investee   (1,000) (1,500)
Step acquisition of subsidiary consolidated for the first time 102    
Acquisition of AMST   (6,429)  
Withdrawal (deposit) of funds in respect of employee rights upon retirement (1,250) 249 510
Net cash used in investing activities (30,452) (11,185) (10,166)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of long-term loan   (239,635) (59,615)
Repayment of bank loan (16,364) (20,000)  
Bank loan, net of financing costs   108,031  
Issuance of shares, net   99,962  
Share options exercised 3,884 7,427 9,869
Net cash used in financing activities (12,480) (44,215) (49,746)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 87,024 53,060 29,352
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 228,779 175,719 146,367
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR 315,803 228,779 175,719
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest paid 2,489 6,722 14,278
Income taxes paid 18,395 16,451 10,138
Income taxes refunded 499 385 519
Receivable on account of the sale of the Thermal Products Business     12,000
Purchase of property, plant and equipment on credit $ 1,829 $ 399 $ 2,041