XML 37 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION
NOTE 14:-
 SEGMENT INFORMATION

The Company adopted ASC 280, "Segment Reporting." As of December 31, 2016, the Company operates in three operational segments, as follows:

·
Perimeter Products segment (Products) - sales of perimeter products, including services and maintenance that are performed either on a fixed-price basis or pursuant to time-and-materials based contracts, and

·
Turnkey Projects segment (Projects) - installation of comprehensive turnkey solutions for which revenues are generated from long-term fixed price contracts, and

·
Video and Cyber security segment - provides software and hardware products, in the field of Video management and Cyber security, for monitoring, securing, and the active management of network video systems, video analytics, as well as wired, wireless, and fiber optic communication networks. Prior to 2016 this segment consisted of one reporting unit, the Cyber security unit.

a.
The following data present the revenues, expenditures, assets and other operating data of the Company's operating segments:

   
Year ended
December 31, 2014
 
   
Products
   
Projects
   
Cyber security
   
Eliminations
   
Total
 
                               
Revenues
 
$
37,554
   
$
39,198
   
$
1,329
   
$
(538
)
 
$
77,543
 
                                         
Depreciation and amortization
 
$
1,006
   
$
641
   
$
320
   
$
-
   
$
1,967
 
                                         
Impairment of goodwill and intangible assets
 
$
-
   
$
-
   
$
2,439
   
$
-
   
$
2,439
 
                                         
Operating income (loss), before financial expenses and taxes on income
 
$
6,770
   
$
(148
)
 
$
(4,995
)
 
$
(204
)
 
$
1,423
 
Financial income, net
                                   
(1,979
)
Taxes on income
                                   
82
 
                                         
Net income
                                 
$
3,320
 

   
Year ended
December 31, 2015
 
   
Products
   
Projects
   
Cyber security
   
Eliminations
   
Total
 
                               
Revenues
 
$
30,761
   
$
34,128
   
$
1,596
   
$
(2,749
)
 
$
63,736
 
                                         
Depreciation and amortization
 
$
787
   
$
602
   
$
114
   
$
-
   
$
1,503
 
                                         
Operating income (loss), before financial expenses and taxes on income
 
$
6,023
   
$
1,095
   
$
(1,684
)
 
$
(1,045
)
 
$
4,389
 
Financial income, net
                                   
(642
)
Taxes on income
                                   
1,923
 
                                         
Net income
                                 
$
3,108
 

   
Year ended
December 31, 2016
 
   
Products
   
Projects
   
Video and
Cyber security
   
Eliminations
   
Total
 
                               
Revenues
 
$
32,372
   
$
31,823
   
$
5,626
   
$
(1,996
)
 
$
67,825
 
                                         
Depreciation and amortization
 
$
632
   
$
512
   
$
596
   
$
-
   
$
1,740
 
                                         
Operating income (loss), before financial expenses and taxes on income
 
$
5,799
   
$
(163
)
 
$
(3,383
)
 
$
(758
)
 
$
1,495
 
Financial expenses, net
                                   
(591
)
Tax benefits, net
                                   
122
 
                                         
Net income
                                 
$
1,026
 

   
Year ended
December 31, 2015
 
   
Products
   
Projects
   
Cyber security
   
Total
 
                         
Total long-lived assets
 
$
6,641
   
$
3,360
   
$
977
   
$
10,978
 

   
Year ended
December 31, 2016
 
   
Products
   
Projects
   
Video and
Cyber security
   
Total
 
                         
Total long-lived assets
 
$
6,346
   
$
3,198
   
$
12,540
   
$
22,084
 
 
Long-live assets includes property and equipment, net, intangible assets, net and goodwill.

b.
Major customer data (percentage of total revenues):

   
Year ended
December 31,
 
   
2014
   
2015
   
2016
 
                   
Customer A
   
14.8
%
   
13.3
%
   
8.6
 
Customer B
   
6.4
%
   
18.1
%
   
11.9
%

c.
Geographical information:

The following is a summary of revenues within geographic areas based on end customer's location and long-lived assets:

1.          Revenues:

   
Year ended
December 31,
 
   
2014
   
2015
   
2016
 
                   
Israel
 
$
16,525
   
$
12,406
   
$
8,727
 
Europe
   
9,591
     
7,891
     
8,330
 
North America
   
21,165
     
17,749
     
23,467
 
South and Latin America
   
8,813
     
13,443
     
10,364
 
Africa
   
12,393
     
6,611
     
7,585
 
Others
   
9,056
     
5,636
     
9,352
 
                         
   
$
77,543
   
$
63,736
   
$
67,825
 

2.          Long-lived assets:

   
December 31,
 
   
2015
   
2016
 
             
Israel
 
$
3,889
   
$
3,554
 
Europe
   
900
     
923
 
USA
   
3,073
     
2,860
 
Canada
   
2,387
     
14,081
 
Others
   
729
     
666
 
                 
   
$
10,978
   
$
22,084
 

Long-live assets includes property and equipment, net, intangible assets, net and goodwill.