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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 15,959 $ 15,950
Accounts receivable, net 21,167 19,277
Inventory, net [1] 43,907 38,605
Other current assets and prepaid expenses 2,605 3,627
Total current assets 83,638 77,459
NON-CURRENT ASSETS:    
Investment in affiliates 956 1,078
Funds in respect of employee rights upon retirement 1,404 2,253
Deferred income taxes 228 162
Property, plant and equipment, net 21,008 21,424
Operating lease right of use assets 6,664
Intangible assets, net 777 911
Total non-current assets 31,037 25,828
Total assets 114,675 103,287
CURRENT LIABILITIES:    
Accounts payable 11,981 8,270
Accrued expenses 7,393 6,411
Operating lease liabilities 1,330
Total current liabilities 20,704 14,681
NON CURRENT LIABILITIES:    
Other long-term liabilities 62 180
Liability in respect of employee rights upon retirement 1,751 2,648
Deferred income taxes 1,100 1,484
Operating lease liabilities 5,688
Total non-current liabilities 8,601 4,312
COMMITMENTS AND CONTINGENT LIABILITIES (NOTE 10)
Total liabilities 29,305 18,993
EQUITY:    
Ordinary shares of NIS 0.9 par value: Authorized: 13,000,000 shares at December 31, 2019 and at December 2018; Issued: 9,149,169 shares at December 31, 2019 and at December 31, 2018; Outstanding: 8,874,696 shares at December 31, 2019 and at December 31, 2018 2,809 2,809
Additional paid-in capital 65,573 65,535
Treasury shares, at cost, 274,473 shares at December 31, 2019 and 2018 (2,088) (2,088)
Accumulated other comprehensive income (loss) 26 (206)
Retained earnings 19,050 18,244
Total shareholders' equity 85,370 84,294
Total liabilities and shareholders' equity $ 114,675 $ 103,287
[1] The total amount of Rotables included in the company spare parts inventory for the years ended December 31, 2019 and 2018 were $8,886 and $8,284, respectively.