Gilat Satellite Networks (GILT) 6-K 10 Aug 21 2021 Q2 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2021
Document And Entity Information [Abstract]
Entity Registrant Name	Gilat Satellite Networks Ltd.
Entity Central Index Key	0000897322
Current Fiscal Year End Date	--12-31
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Entity Address, Address Line One	Gilat House, Yegia Kapayim Street
Entity Address, Address Line Two	Daniv Park, Kiryat Arye
Entity Address, City or Town	Petah Tikva
Entity Address Country	IL
Entity Address, Postal Zip Code	4913020

CONDENSED INTERIM CONSOLIDATED

CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 57,882	$ 88,754
Short-term deposits	2,159
Restricted cash	21,910	27,162
Trade receivables, (net of allowance for credit losses of $1,143 and $1,933 as of June 30, 2021 and December 31, 2020, respectively)	33,009	27,976
Contract assets	23,830	41,573
Inventories	29,644	31,304
Other current assets	22,508	16,637
Total current assets	190,942	233,406
LONG-TERM ASSETS:
Restricted cash	13	42
Severance pay funds	6,616	6,665
Deferred taxes	19,110	19,295
Operating lease right-of-use assets	4,338	4,879
Other long-term assets	8,691	7,797
Total long-term assets	38,768	38,678
PROPERTY AND EQUIPMENT, NET	76,584	77,172
INTANGIBLE ASSETS, NET	861	1,082
GOODWILL	43,468	43,468
Total assets	350,623	393,806
CURRENT LIABILITIES:
Current maturities of long-term loans		4,000
Trade payables	19,705	20,487
Accrued expenses	48,359	46,387
Advances from customers and deferred revenue	23,881	26,244
Operating lease liabilities	1,800	1,911
Dividend payable		35,003
Other current liabilities	14,319	13,322
Total current liabilities	108,064	147,354
LONG-TERM LIABILITIES:
Accrued severance pay	6,959	7,136
Long-term advances from customers	4,184	1,890
Operating lease liabilities	2,584	2,985
Other long-term liabilities	118	631
Total long-term liabilities	13,845	12,642
SHAREHOLDERS' EQUITY:
Share capital - Ordinary shares of NIS 0.2 par value: Authorized: 90,000,000 shares as of June 30, 2021 and December 31, 2020; Issued and outstanding: 56,510,951 and 55,559,638 shares as of June 30, 2021 and December 31, 2020, respectively	2,705	2,647
Additional paid-in capital	928,874	928,626
Accumulated other comprehensive loss	(6,194)	(6,017)
Accumulated deficit	(696,671)	(691,446)
Total shareholders' equity	228,714	233,810
Total liabilities and shareholders' equity	$ 350,623	$ 393,806

CONDENSED INTERIM CONSOLIDATE_2

CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Jun. 30, 2021USD ($)shares	Jun. 30, 2021₪ / shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2020₪ / shares
Statement of Financial Position [Abstract]
Trade receivables, allowance for credit losses | $	$ 1,143		$ 1,933
Ordinary shares, par value per share | ₪ / shares		₪ 0.2		₪ 0.2
Ordinary shares, shares authorized	90,000,000		90,000,000
Ordinary shares, shares issued	56,510,951		55,559,638
Ordinary shares, shares outstanding	56,510,951		55,559,638

CONDENSED INTERIM CONSOLIDATE_3

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Revenue:
Total revenue	$ 101,636	$ 85,988
Cost of revenue:
Total cost of revenue	72,564	67,514
Gross profit	29,072	18,474
Operating expenses:
Research and development costs, net	15,660	13,301
Selling and marketing	10,468	8,650
General and administrative	6,938	7,791
Merger, acquisition and related litigation expenses, net		2,951
Total operating expenses	33,066	32,693
Operating loss	(3,994)	(14,219)
Financial expenses, net	(757)	(1,429)
Loss before taxes on income	(4,751)	(15,648)
Taxes on income	474	332
Net loss	$ (5,225)	$ (15,980)
Net loss per share:
Basic	$ (0.09)	$ (0.29)
Diluted	$ (0.09)	$ (0.29)
Weighted average number of shares used in computing loss per share:
Basic	56,269,941	55,499,300
Diluted	56,269,941	55,499,300
Products [Member]
Revenue:
Total revenue	$ 69,467	$ 48,209
Cost of revenue:
Total cost of revenue	53,411	45,808
Services [Member]
Revenue:
Total revenue	32,169	37,779
Cost of revenue:
Total cost of revenue	$ 19,153	$ 21,706

CONDENSED INTERIM CONSOLIDATE_4

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (5,225)	$ (15,980)
Other comprehensive loss:
Foreign currency translation adjustments	(37)	(1,653)
Change in unrealized gain (loss) on hedging instruments, net	(135)	147
Less - reclassification adjustments for net loss (gain) realized and included in income (loss) on hedging instruments, net	(5)	121
Total other comprehensive loss	(177)	(1,385)
Comprehensive loss	$ (5,402)	$ (17,365)

CONDENSED INTERIM CONSOLIDATE_5

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Ordinary shares [Member]	Additional paid-in capital [Member]	Accumulated other comprehensive loss [Member]	Accumulated deficit [Member]	Total
Balance at Dec. 31, 2019	$ 2,643	$ 927,348	$ (5,048)	$ (671,355)	$ 253,588
Balance, shares at Dec. 31, 2019	55,493,258
Stock-based compensation of options		707			707
Exercise of stock options	$ 1	(1)
Exercise of stock options, shares	25,714
Net loss				(15,980)	(15,980)
Other comprehensive loss			(1,385)		(1,385)
Balance at Jun. 30, 2020	$ 2,644	928,054	(6,433)	(687,335)	236,930
Balance, shares at Jun. 30, 2020	55,518,972
Balance at Dec. 31, 2020	$ 2,647	928,626	(6,017)	(691,446)	$ 233,810
Balance, shares at Dec. 31, 2020	55,559,638				55,559,638
Stock-based compensation of options		306			$ 306
Exercise of stock options	$ 58	(58)
Exercise of stock options, shares	951,313
Net loss				(5,225)	(5,225)
Other comprehensive loss			(177)		(177)
Balance at Jun. 30, 2021	$ 2,705	$ 928,874	$ (6,194)	$ (696,671)	$ 228,714
Balance, shares at Jun. 30, 2021	56,510,951				56,510,951

CONDENSED INTERIM CONSOLIDATE_6

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (5,225)	$ (15,980)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	4,646	5,271
Capital loss from disposal of property and equipment		23
Stock-based compensation of options	306	707
Accrued severance pay, net	(128)	26
Deferred taxes, net	185	140
Decrease (increase) in trade receivables, net	(7,068)	18,364
Decrease (increase) in contract assets	17,743	(8,362)
Decrease (increase) in other assets	(4,009)	6,710
Decrease (increase) in inventories, net	1,774	(5,698)
Decrease in trade payables	(790)	(510)
Increase (decrease) in accrued expenses	1,693	(5,809)
Decrease in advances from customers and deferred revenue	(191)	(5,725)
Increase (decrease) in other liabilities	(194)	685
Net cash provided by (used in) operating activities	8,742	(10,158)
Cash flows from investing activities:
Purchase of property and equipment	(3,572)	(1,879)
Investment in short term deposits	(2,159)
Net cash used in investing activities	(5,731)	(1,879)
Cash flows from financing activities:
Dividend payment	(35,003)
Repayment of long-term loans	(4,000)	(4,096)
Net cash used in financing activities	(39,003)	(4,096)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(161)	(539)
Decrease in cash, cash equivalents and restricted cash	(36,153)	(16,672)
Cash, cash equivalents and restricted cash at the beginning of the period	115,958	101,969
Cash, cash equivalents and restricted cash at the end of the period	79,805	85,297
Cash paid during the period for:
Interest	97	195
Income taxes	243	496
Non-cash transactions:
Purchases of property and equipment that were not paid for and reclassification from inventories to property and equipment	251	349
New operating lease assets obtained in exchange for operating lease liabilities	$ 419	$ 3,492

CONDENSED INTERIM CONSOLIDATE_7

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Statement of Cash Flows [Abstract]
Cash and cash equivalents	$ 57,882	$ 59,601
Restricted cash - Current	21,910	25,579
Restricted cash - Long-Term	13	117
Cash, cash equivalents and restricted cash at the end of the period	$ 79,805	$ 85,297

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1:- GENERAL a. Organization: Gilat Satellite Networks Ltd. and its subsidiaries (the “Company”) is a global provider of satellite-based broadband communications. The Company designs and manufactures ground-based satellite communications equipment, and provides comprehensive solutions and end-to-end services, powered by its technology. The Company’s portfolio includes a cloud-based satellite network platform, Very Small Aperture Terminals ("VSATs"), amplifiers, high-speed modems, high-performance on-the-move antennas, high power Solid-State Power Amplifiers ("SSPAs"), Block Up Converters (“BUCs”) and Transceivers. The Company’s solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, In-Flight Connectivity ("IFC"), maritime, trains, defense and public safety. The Company also provides connectivity services, internet access and telephony, to enterprise, government and residential customers utilizing both its own networks, and other networks that it installs, mainly based on Build Operate Transfer (“BOT”) contracts. In these BOT projects, the Company builds telecommunication infrastructure typically using fiber-optic and wireless technologies for the broadband connectivity. The Company also provides managed network services over VSAT networks owned by others. The Company was incorporated in Israel in 1987 and launched its first generation VSAT in 1989. The Company operates in three business segments consisting of Fixed Networks, Mobility Solutions and Terrestrial Infrastructure Projects. Refer to Note 10 for additional information. b. The Company depends on major suppliers to supply certain components and services for the production of its c. The ongoing COVID-19 pandemic continues to have an adverse effect on our industry and the markets in which the

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES a. Unaudited condensed interim consolidated financial statements: The accompanying unaudited condensed interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information. In the opinion of management, the unaudited condensed interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's consolidated financial statements. The balance sheet as of December 31, 2020 has been derived from the audited consolidated financial statements of the Company at that date but does not include all information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2020, included in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 8, 2021. The significant accounting policies applied in the Company’s audited 2020 consolidated financial statements and notes thereto included in the Annual Report are applied consistently in these unaudited condensed interim consolidated financial statements, except for the policies noted in note 2d below. b. Use of estimates: The preparation of the condensed interim consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the condensed interim consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. F - 10 GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES (Cont.) c. Principles of consolidation: The condensed interim consolidated financial statements include the accounts of Gilat Satellite Networks Ltd. and its subsidiaries in which the Company has a controlling voting interest. Inter-company balances and transactions have been eliminated upon consolidation. d. Recently adopted accounting standard: On January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (Topic 740): “Simplifying the Accounting for Income Taxes” (ASU 2019-12), which simplifies the accounting for income taxes. The adoption did not have a material impact on our condensed interim consolidated financial statements during the six months ended June 30, 2021. e. Recently issued accounting pronouncements – not yet adopted: In March 2020, the FASB issued Update ASU 2020-04 'Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting' which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the reference rate reform. The amendments apply only to contracts and transactions that reference LIBOR or another reference rate expected to be discontinued as part of the reform. This ASU applies only to contracts or transactions entered into or evaluated before December 31, 2022. The Company continues to monitor what impact the discontinuance of LIBOR or another reference rate will have on the Company’s contracts and other transactions.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 3:- INVENTORIES Inventories are comprised of the following: June 30, December 31, 2021 2020 Raw materials, parts and supplies $ 8,986 $ 9,579 Work in progress and assembled raw materials 17,508 15,871 Finished products 3,150 5,854 $ 29,644 $ 31,304 Inventory write-offs amounted to $2,386 and $1,405 during the six months ended June 30, 2021 and 2020, respectively.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 4:- PROPERTY AND EQUIPMENT, NET Property and equipment, net are comprised of the following: June 30, 2021 December 31, 2020 Cost: Buildings and land $ 92,217 $ 91,908 Computers, software and electronic equipment 56,641 54,388 Network equipment 28,326 28,212 Office furniture and equipment 3,890 3,796 Vehicles 237 205 Leasehold improvements 4,010 4,010 185,321 182,519 Accumulated depreciation 108,737 105,347 Depreciated cost $ 76,584 $ 77,172 Depreciation expenses amounted to $4,425 and $5,055 in the six months ended June 30, 2021 and 2020, respectively.

DEFERRED REVENUE

DEFERRED REVENUE	6 Months Ended
	Jun. 30, 2021
Deferred Revenue [Abstract]
DEFERRED REVENUE	NOTE 5:- DEFERRED REVENUE Deferred revenue as of June 30, 2021 and December 31, 2020 was $7,264 and $10,607, respectively, and primarily relates to revenue that is recognized over time for service contracts. Approximately $4,761 of the balance as of December 31, 2020 was recognized as revenue during the six months ended June 30, 2021. The balance of deferred revenue approximates the aggregate amount of the billed and collected amount allocated to the unsatisfied performance obligations at the end of reporting period. F - 12 GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands NOTE 5:- DEFERRED REVENUE (Cont.) All of the Company’s performance obligations in contracts with customers, other than large scale governmental projects (expected to be recognized over periods of approximately 8-12 years), principally relate to contracts with a duration of less than one year, and as such, the Company is not required to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. For information regarding disaggregated revenue, please refer to note 10 (b).

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6:- COMMITMENTS AND CONTINGENCIES a. Litigations: In 2003, the Brazilian tax authority filed a claim against the Company's inactive subsidiary in Brazil, SPC International Ltda, for the payment of taxes allegedly due from the subsidiary. After numerous hearings and appeals at various appellate levels in Brazil, the Supreme Court ruled against the subsidiary in final non-appealable decisions published in June 2017. As of June 30, 2021, the total amount of this claim, including interest, penalties and legal fees is approximately $ 6,836, of which approximately $ 776 is the principal. The Brazilian tax authorities initiated foreclosure proceedings against the subsidiary and certain of its former managers. The foreclosure proceedings against the former manager were cancelled by court in a final and not appealable decision issued in July 2017. While foreclosure and other collection proceedings are pending against the subsidiary, based on Brazilian external counsel’s opinion, the Company believes that the subsidiary has solid arguments to sustain its position that further collection proceedings and inclusion of any additional co-obligors in the tax foreclosure proceedings are barred due to the statute of limitations and that the foreclosure procedures cannot legally be redirected to other group entities and managers who were not initially cited in the foreclosure proceedings due to the passage of the statute of limitations. Accordingly, the Company believes that the chances that such redirection will lead to a loss recognition are remote. In 2018, the Company’s subsidiary in Peru, won a government bid for two additional regional projects in the Amazonas and Ica regions in Peru for PRONATEL with a value of approximately $154,000. GMC Engineering Solutions and SATEL Comunicaciones y Datos, two of the three entities comprising the losing bidder consortium, applied to the superior court in Lima to cancel the bid and obtained a preliminary injunction against the award. The subsidiary was served as an interested third party in the proceeding and filed its objection and defenses. Following PRONATEL’s request, the Company's subsidiary continues to perform on these projects. Based on the advice of its legal counsel, the Company believes that the chances of success of plaintiffs in the proceeding seeking to cancel the bid are remote. In addition, the Company is in the midst of different stages of audits and disputes with various tax authorities in different parts of the world. Further, the Company is the defendant in various other lawsuits, including employment-related litigation claims and may be subject to other legal proceedings in the normal course of its business. While the Company intends to defend the aforementioned matters vigorously, it believes that a loss in excess of its accrued liability with respect to these claims is not probable. F - 13 GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands NOTE 6:- COMMITMENTS AND CONTINGENCIES (Cont.) b. Guarantees: As of June 30, 2021, the aggregate amount of bank guarantees and surety bonds from insurance companies outstanding in order to secure the Company's various obligations was $94,960 including an aggregate of $91,107 on behalf of the Company’s subsidiaries in Peru. In order to secure these guarantees the Company provided a floating charge on its assets as well as other pledges, including a fixed pledge, on certain assets and property. In addition, the Company has provided $20,351 of restricted cash to secure these guarantees. In accordance with ASC 460, "Guarantees" ("ASC 460"), as the above guarantees are performance and down payment guarantees for the Company's own activities, such guarantees are excluded from the scope of ASC 460. The Company has not recorded any liability for such amounts, since the Company expects that its performance will be acceptable. To date, no guarantees have ever been exercised against the Company. c. Commitments: During the six months ended June 30, 2021, the Company has not entered into any new commitments with material effect on the Company’s condensed interim consolidated financial statements.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	NOTE 7:- DERIVATIVE INSTRUMENTS The Company has entered into foreign currency hedging contracts to protect against changes in value of forecasted foreign currency cash flows resulting from salaries and related payments that are denominated in NIS. These contracts were designated as cash flow hedges, as defined by ASC 815, as amended, are considered highly effective as hedges of these expenses and generally mature within 12 months. During the six months ended June 30, 2021 and 2020, the Company recognized net loss related to the effective portion of its derivative instruments. The effective portion of the derivative instruments has been included as an addition of payroll expenses and other operating expenses in the condensed interim consolidated statement of income (loss) amounted to $48 and $121 in the six months ended June 30, 2021 and 2020, respectively. The fair value of derivative instruments in the condensed interim consolidated balance sheets amounted to $15 and $42 as of June 30, 2021 and December 31, 2020, respectively. The estimated net amount of the existing losses that are reported in accumulated other comprehensive loss as of June 30, 2021 that is expected to be reclassified into condensed interim consolidated statement of income (loss) within the next 12 months is $140.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 8:- SHAREHOLDERS' EQUITY a. Share capital: Ordinary shares confer upon their holders voting rights, the right to receive cash dividends and the right to share in excess assets upon liquidation of the Company. b. Stock option plans: In October 2008, the compensation stock option committee of the Company's Board of Directors approved the adoption of the 2008 Stock Incentive Plan (the "2008 Plan") with 1,000,000 shares or stock options available for grant and a sub-plan to enable qualified optionees certain tax benefits under the Israeli Income Tax Ordinance. Among the incentives that may be adopted are stock options, performance share awards, performance share unit awards, restricted shares, restricted share unit awards and other stock-based awards. During the years commencing in 2010 and through June 30, 2021, the Company's Board of Directors approved, in the aggregate, an increase of 7,355,112 shares to the number of shares available for grant under the 2008 Plan, bringing the total amount of shares available for grant to 8,355,112. As of June 30, 2021, an aggregate of 131,250 shares were available for future grants under the 2008 Plan. The options granted under the 2008 Plan during the six months ended June 30, 2021 have vesting restrictions, valuations and contractual lives in similar nature to those described in Note 11 of the Notes to Company’s consolidated annual financial statements for the year ended December 31, 2020, included in the Company’s Annual Report on Form 20-F for the year ended December 31, 2020. Options granted to employees: The fair value of the Company's stock options granted to employees for the six months ended June 30, 2021 and 2020 was estimated using the following weighted average assumptions: Six months ended June 30, 2021 2020 Risk free interest 0.26%-0.6% - Dividend yields 0% - Volatility 41%-50% - Expected term (in years) 4.03-4.04 - F - 15 GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except per share data) NOTE 8:- SHAREHOLDERS' EQUITY (Cont.) A summary of employee and director option balances under the 2008 Plan as of June 30, 2021 and changes during the six months then ended are as follows: Number of options Weighted- average exercise price (*) Weighted- average remaining contractual term (in years) Aggregate intrinsic value (*) Outstanding at January 1, 2021 2,776,778 $ 6.1 3 $ 4,142 Granted 2,002,500 $ 7.7 Exercised (1,340,777 ) $ 4.6 Forfeited (593,750 ) $ 8.1 Outstanding as of June 30, 2021 2,844,751 $ 7.5 4.8 $ 8,570 Exercisable as of June 30, 2021 304,543 $ 6.0 2.3 $ 1,274 (*) In January 2021 the Company distributed a cash dividend in the amount of $35,003 or $0.63 per share. All exercise prices were updated on a retrospective basis (See also Note 8(c)). The weighted-average grant-date fair value of options granted to employees during the six months ended June 30, 2021 was $2.55. The aggregate intrinsic value in the table above represents the total intrinsic value (the difference between the Company's closing stock price and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on that date. These amounts change based on the fair market value of the Company's stock. Total intrinsic value of options exercised for the six months ended June 30, 2021 was $14,024. c. Dividends: In the event that cash dividends are declared by the Company, such dividends will be declared and paid in Israeli currency. Under current Israeli regulations, any cash dividend paid in Israeli currency in respect of ordinary shares purchased by non-residents of Israel with non-Israeli currency, may be freely repatriated in such non-Israeli currency, at the exchange rate prevailing at the time of repatriation. In April 2019, the Company distributed a cash dividend in the amount of $24,864 or $0.45 per share. In November 2020 the Company distributed a cash dividend, in the amount of $19,999 or $0.36 per share. In January 2021, the Company distributed a cash dividend, in the amount of $35,003 or $0.63 per share. The Company has not adopted a general policy regarding the distribution of dividends and makes no statements as to the distribution of dividends in the foreseeable future.

OTHER COMPERHENSIVE INCOME (LOS

OTHER COMPERHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Accounting Policies [Line Items]
OTHER COMPERHENSIVE INCOME (LOSS)	NOTE 9:- OTHER COMPERHENSIVE INCOME (LOSS) The following table shows the changes of accumulated other comprehensive loss, for the six months ended June 30, 2021:   Six months ended June 30, 2021 Foreign currency translation adjustments Unrealized losses on cash flow hedges Total Beginning balance $ (6,017 ) $ - $ (6,017 ) Other comprehensive loss before reclassifications (37 ) (135 ) (172 ) Amounts reclassified from accumulated other comprehensive income - (5 ) (5 ) Net current-period other comprehensive loss (37 ) (140 ) (177 ) Ending balance $ (6,054 ) $ (140 ) $ (6,194 )

CUSTOMERS, GEOGRAPHIC AND SEGME

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION	NOTE 10:- CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION a. The Company applies ASC 280, "Segment Reporting" ("ASC 280"). Operating segments are defined as components Fixed Networks Mobility Solutions This segment provides solutions for land, sea and air connectivity, while placing a major focus on the high-growth market of IFC, with the Company’s unique leading technology as well as defense and homeland security activities. Terrestrial Infrastructure Projects Six months ended June 30, 2021 Fixed Networks Mobility Solutions Terrestrial Infrastructure Projects Total Revenue $ 56,127 $ 31,002 $ 14,507 $ 101,636 Cost of revenue 35,723 20,746 16,095 72,564 Gross profit (loss) 20,404 10,256 (1,588 ) 29,072 Research and development, net 4,700 10,960 - 15,660 Selling and marketing 7,639 2,810 19 10,468 General and administrative 3,931 2,302 705 6,938 Operating profit (loss) 4,134 (5,816 ) (2,312 ) (3,994 ) Financial expenses, net 757 Loss before taxes (4,751 ) Taxes on income 474 Net loss (5,225 ) Depreciation and amortization Expenses $ 2,379 $ 2,236 $ 31 $ 4,646 F - 18 GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands NOTE 10:- CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Cont.) Six months ended June 30, 2020 Fixed Networks Mobility Solutions Terrestrial Infrastructure Projects Total Revenue $ 44,790 $ 33,207 $ 7,991 $ 85,988 Cost of revenue 32,254 23,427 11,833 67,514 Gross profit (loss) 12,536 9,780 (3,842 ) 18,474 Research and development, net 4,180 9,121 - 13,301 Selling and marketing 6,326 2,304 20 8,650 General and administrative 4,842 2,185 764 7,791 Merger, acquisition and related litigation expenses, net   - - - 2,951 Operating loss (2,812 ) (3,830 ) (4,626 ) (14,219 ) Financial expenses, net 1,429 Loss before taxes (15,648 ) Taxes on income 332 Net loss (15,980 ) Depreciation and amortization Expenses $ 3,170 $ 2,061 $ 40 $ 5,271 b. Disaggregation of Revenue: Following is a summary of revenue by geographic areas. Revenue attributed to geographic areas, based on the location of the end customers and in accordance with ASC 280, are as follows: Six months ended June 30, 2021 2020 Latin America $ 35,463 $ 30,185 Asia and Asia Pacific 24,807 9,279 United States 28,726 36,499 Europe 12,640 10,025 $ 101,636 $ 85,988 F - 19 GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands NOTE 10:- CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Cont.) c. The table below represents the revenue from major customers: Six months ended June 30, 2021 2020 Customer A 18 % 21 % Customer B * ) 16 % *) Less than 10% Customer A is located in Peru and Customer B is located in the United States.

RELATED PARTY BALANCES AND TRAN

RELATED PARTY BALANCES AND TRANSACTIONS	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	NOTE 11:- RELATED PARTY BALANCES AND TRANSACTIONS a. The Company entered into a number of agreements for the purchase of infrastructure, construction and services from b. In December 2015, the Company entered into a memorandum of understanding with Orbit Communication Systems F - 20 GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands NOTE 11:- RELATED PARTY BALANCES AND TRANSACTIONS (Cont.) c. Transactions with the related parties: Six months ended June 30, 2021 2020 Cost of revenue of products $ 551 $ 58 Purchase of Inventory $ - $ 110 d. Balances with the related parties: June 30, 2021 2020 Trade payables $ 491 $ 257 Accrued expenses $ 113 $ 725

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Unaudited condensed interim consolidated financial statements:	a. Unaudited condensed interim consolidated financial statements: The accompanying unaudited condensed interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information. In the opinion of management, the unaudited condensed interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's consolidated financial statements. The balance sheet as of December 31, 2020 has been derived from the audited consolidated financial statements of the Company at that date but does not include all information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2020, included in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 8, 2021. The significant accounting policies applied in the Company’s audited 2020 consolidated financial statements and notes thereto included in the Annual Report are applied consistently in these unaudited condensed interim consolidated financial statements, except for the policies noted in note 2d below.
Use of estimates:	b. Use of estimates: The preparation of the condensed interim consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the condensed interim consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Principles of consolidation:	c. Principles of consolidation: The condensed interim consolidated financial statements include the accounts of Gilat Satellite Networks Ltd. and its subsidiaries in which the Company has a controlling voting interest. Inter-company balances and transactions have been eliminated upon consolidation.
Recently adopted accounting standard:	d. Recently adopted accounting standard: On January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (Topic 740): “Simplifying the Accounting for Income Taxes” (ASU 2019-12), which simplifies the accounting for income taxes. The adoption did not have a material impact on our condensed interim consolidated financial statements during the six months ended June 30, 2021.
Recently issued accounting pronouncements - not yet adopted:	e. Recently issued accounting pronouncements – not yet adopted: In March 2020, the FASB issued Update ASU 2020-04 'Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting' which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the reference rate reform. The amendments apply only to contracts and transactions that reference LIBOR or another reference rate expected to be discontinued as part of the reform. This ASU applies only to contracts or transactions entered into or evaluated before December 31, 2022. The Company continues to monitor what impact the discontinuance of LIBOR or another reference rate will have on the Company’s contracts and other transactions.

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories are comprised of the following: June 30, December 31, 2021 2020 Raw materials, parts and supplies $ 8,986 $ 9,579 Work in progress and assembled raw materials 17,508 15,871 Finished products 3,150 5,854 $ 29,644 $ 31,304

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net are comprised of the following: June 30, 2021 December 31, 2020 Cost: Buildings and land $ 92,217 $ 91,908 Computers, software and electronic equipment 56,641 54,388 Network equipment 28,326 28,212 Office furniture and equipment 3,890 3,796 Vehicles 237 205 Leasehold improvements 4,010 4,010 185,321 182,519 Accumulated depreciation 108,737 105,347 Depreciated cost $ 76,584 $ 77,172

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables) - Employee and director [Member]	6 Months Ended
	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Assumptions Used to Estimate Fair Value	The fair value of the Company's stock options granted to employees for the six months ended June 30, 2021 and 2020 was estimated using the following weighted average assumptions: Six months ended June 30, 2021 2020 Risk free interest 0.26%-0.6% - Dividend yields 0% - Volatility 41%-50% - Expected term (in years) 4.03-4.04 -
Schedule of Stock Option Activity	A summary of employee and director option balances under the 2008 Plan as of June 30, 2021 and changes during the six months then ended are as follows: Number of options Weighted- average exercise price (*) Weighted- average remaining contractual term (in years) Aggregate intrinsic value (*) Outstanding at January 1, 2021 2,776,778 $ 6.1 3 $ 4,142 Granted 2,002,500 $ 7.7 Exercised (1,340,777 ) $ 4.6 Forfeited (593,750 ) $ 8.1 Outstanding as of June 30, 2021 2,844,751 $ 7.5 4.8 $ 8,570 Exercisable as of June 30, 2021 304,543 $ 6.0 2.3 $ 1,274 (*) In January 2021 the Company distributed a cash dividend in the amount of $35,003 or $0.63 per share. All exercise prices were updated on a retrospective basis (See also Note 8(c)).

OTHER COMPERHENSIVE INCOME (L_2

OTHER COMPERHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2021
Comperhensive Income Tables Abstract
Schedule of Accumulated Other Comprehensive Loss	The following table shows the changes of accumulated other comprehensive loss, for the six months ended June 30, 2021:   Six months ended June 30, 2021 Foreign currency translation adjustments Unrealized losses on cash flow hedges Total Beginning balance $ (6,017 ) $ - $ (6,017 ) Other comprehensive loss before reclassifications (37 ) (135 ) (172 ) Amounts reclassified from accumulated other comprehensive income - (5 ) (5 ) Net current-period other comprehensive loss (37 ) (140 ) (177 ) Ending balance $ (6,054 ) $ (140 ) $ (6,194 )

CUSTOMERS, GEOGRAPHIC AND SEG_2

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Financial Data for Reportable Operating Segments	Six months ended June 30, 2021 Fixed Networks Mobility Solutions Terrestrial Infrastructure Projects Total Revenue $ 56,127 $ 31,002 $ 14,507 $ 101,636 Cost of revenue 35,723 20,746 16,095 72,564 Gross profit (loss) 20,404 10,256 (1,588 ) 29,072 Research and development, net 4,700 10,960 - 15,660 Selling and marketing 7,639 2,810 19 10,468 General and administrative 3,931 2,302 705 6,938 Operating profit (loss) 4,134 (5,816 ) (2,312 ) (3,994 ) Financial expenses, net 757 Loss before taxes (4,751 ) Taxes on income 474 Net loss (5,225 ) Depreciation and amortization Expenses $ 2,379 $ 2,236 $ 31 $ 4,646 F - 18 GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands NOTE 10:- CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Cont.) Six months ended June 30, 2020 Fixed Networks Mobility Solutions Terrestrial Infrastructure Projects Total Revenue $ 44,790 $ 33,207 $ 7,991 $ 85,988 Cost of revenue 32,254 23,427 11,833 67,514 Gross profit (loss) 12,536 9,780 (3,842 ) 18,474 Research and development, net 4,180 9,121 - 13,301 Selling and marketing 6,326 2,304 20 8,650 General and administrative 4,842 2,185 764 7,791 Merger, acquisition and related litigation expenses, net   - - - 2,951 Operating loss (2,812 ) (3,830 ) (4,626 ) (14,219 ) Financial expenses, net 1,429 Loss before taxes (15,648 ) Taxes on income 332 Net loss (15,980 ) Depreciation and amortization Expenses $ 3,170 $ 2,061 $ 40 $ 5,271
Schedule of Revenue by Geographic Area	Following is a summary of revenue by geographic areas. Revenue attributed to geographic areas, based on the location of the end customers and in accordance with ASC 280, are as follows: Six months ended June 30, 2021 2020 Latin America $ 35,463 $ 30,185 Asia and Asia Pacific 24,807 9,279 United States 28,726 36,499 Europe 12,640 10,025 $ 101,636 $ 85,988
Schedule of Revenue from Major Customers	c. The table below represents the revenue from major customers: Six months ended June 30, 2021 2020 Customer A 18 % 21 % Customer B * ) 16 % *) Less than 10%

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Schedule of transactions with related parties	c. Transactions with the related parties: Six months ended June 30, 2021 2020 Cost of revenue of products $ 551 $ 58 Purchase of Inventory $ - $ 110
Schedule of balances with related parties	d. Balances with the related parties: June 30, 2021 2020 Trade payables $ 491 $ 257 Accrued expenses $ 113 $ 725

GENERAL (Details)

GENERAL (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue	$ 101,636	$ 85,988	$ 122,000

INVENTORIES (Narrative) (Detail

INVENTORIES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventory write-offs	$ 2,386	$ 1,405

INVENTORIES (Schedule of Invent

INVENTORIES (Schedule of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials, parts and supplies	$ 8,986	$ 9,579
Work in progress and assembled raw materials	17,508	15,871
Finished products	3,150	5,854
Inventory, Net	$ 29,644	$ 31,304

PROPERTY AND EQUIPMENT, NET (Na

PROPERTY AND EQUIPMENT, NET (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 4,425	$ 5,055

PROPERTY AND EQUIPMENT, NET (Sc

PROPERTY AND EQUIPMENT, NET (Schedule of Property and Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 185,321	$ 182,519
Accumulated depreciation	108,737	105,347
Depreciated cost	76,584	77,172
Buildings and land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	92,217	91,908
Computers, software and electronic equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	56,641	54,388
Network equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	28,326	28,212
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,890	3,796
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	237	205
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,010	$ 4,010

DEFERRED REVENUE (Narrative) (D

DEFERRED REVENUE (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended			12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2020
Deferred revenue	$ 7,264			$ 10,607
Revenue	$ 101,636	$ 85,988	$ 122,000
Minimum [Member]
Expected to be recognized over periods performance obligations	8 years
Maximum [Member]
Expected to be recognized over periods performance obligations	12 years
Recognized over time for service [Member]
Revenue				$ 4,761

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Jun. 30, 2021
Guarantor Obligations [Line Items]
Amount of claim, including interest, penalties and legal fees		$ 6,836
Principal Amount of Claim		776
Aggregate amount of guarantees		94,960
Restricted cash collateral		20,351
Peru [Member]
Guarantor Obligations [Line Items]
Aggregate amount of guarantees		$ 91,107
Aggregate amount	$ 154,000

DERIVATIVE INSTRUMENTS (Narrati

DERIVATIVE INSTRUMENTS (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative instruments	$ 15		$ 42
Loss recognized in income related to the effective portion of its hedging instruments	48	$ 121
Estimated existing losses expected to be reclassified to income (loss)	$ 140

SHAREHOLDERS' EQUITY (Descripti

SHAREHOLDERS' EQUITY (Description of Plans) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2010	Oct. 31, 2008
Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value of options granted	$ 2.55
Intrinsic value of options exercised	$ 14,024
2008 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares authorized		7,355,112
Shares available for grant	131,250	8,355,112	1,000,000

SHAREHOLDERS' EQUITY (Schedule

SHAREHOLDERS' EQUITY (Schedule of Assumptions Used to Estimate Fair Value) (Details) - Employee [Member]	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest
Dividend yields	0.00%
Volatility
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest	0.26%
Volatility	41.00%
Expected term (in years)	4 years 10 days
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest	0.60%
Volatility	50.00%
Expected term (in years)	4 years 14 days

SHAREHOLDERS' EQUITY (Schedul_2

SHAREHOLDERS' EQUITY (Schedule of Stock Option Activity) (Details) - Employee and director [Member] - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2021	Dec. 31, 2020
Number of options
Outstanding at January 1, 2021		2,776,778
Granted		2,002,500
Exercised		(1,340,777)
Forfeited		(593,750)
Outstanding as of June 30, 2021		2,844,751	2,776,778
Exerciable as of June 30, 2021		304,543
Weighted-average exercise price
Outstanding at January 1, 2021	[1]	$ 6.1
Granted	[1]	7.7
Exercised	[1]	4.6
Forfeited	[1]	8.1
Outstanding as of June 30, 2021	[1]	7.5	$ 6.1
Exercisable as of June 30, 2021	[1]	$ 6
Weighted-average remaining contractual term (in years)
Outstanding at End		4 years 9 months 18 days	3 years
Exercisable as of June 30, 2021		2 years 3 months 18 days
Aggregate intrinsic value
Outstanding at January 1, 2021	[1]	$ 4,142
Outstanding as of June 30, 2021	[1]	8,570	$ 4,142
Exercisable as of June 30, 2021	[1]	$ 1,274
[1]	In January 2021 the Company distributed a cash dividend in the amount of $35,003 or $0.63 per share. All exercise prices were updated on a retrospective basis (See also Note 8(c))

SHAREHOLDERS' EQUITY (Share Cap

SHAREHOLDERS' EQUITY (Share Capital) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 31, 2021	Nov. 30, 2020	Apr. 30, 2019
Stockholders' Equity Note [Abstract]
Cash dividend declared per share	$ 0.63	$ 0.36	$ 0.45
Dividend payable	$ 35,003	$ 19,999	$ 24,864

OTHER COMPERHENSIVE INCOME (L_3

OTHER COMPERHENSIVE INCOME (LOSS) (Schedule of Accumulated Other Comprehensive Loss, Net) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (6,017)
Other comprehensive loss before reclassifications	(172)
Amounts reclassified from accumulated other comprehensive income	(5)
Net current-period other comprehensive loss	(177)	$ (1,385)
Ending balance	(6,194)
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(6,017)
Other comprehensive loss before reclassifications	(37)
Amounts reclassified from accumulated other comprehensive income
Net current-period other comprehensive loss	(37)
Ending balance	(6,054)
Unrealized losses on cash flow hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance
Other comprehensive loss before reclassifications	(135)
Amounts reclassified from accumulated other comprehensive income	(5)
Net current-period other comprehensive loss	(140)
Ending balance	$ (140)

CUSTOMERS, GEOGRAPHIC AND SEG_3

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Schedule of Financial Data for Reportable Operating Segments) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenue	$ 101,636	$ 85,988	$ 122,000
Cost of revenue	72,564	67,514
Gross profit (loss)	29,072	18,474
Research and development, net	15,660	13,301
Selling and marketing	10,468	8,650
General and administrative	6,938	7,791
Merger, acquisition and related litigation expenses, net		2,951
Operating profit (loss)	(3,994)	(14,219)
Financial expenses, net	757	1,429
Loss before taxes	(4,751)	(15,648)
Taxes on income	474	332
Net loss	(5,225)	(15,980)
Depreciation and amortization Expenses	4,646	5,271
Fixed Networks [Member]
Segment Reporting Information [Line Items]
Revenue	56,127	44,790
Cost of revenue	35,723	32,254
Gross profit (loss)	20,404	12,536
Research and development, net	4,700	4,180
Selling and marketing	7,639	6,326
General and administrative	3,931	4,842
Merger, acquisition and related litigation expenses, net
Operating profit (loss)	4,134	(2,812)
Depreciation and amortization Expenses	2,379	3,170
Mobility Solutions [Member]
Segment Reporting Information [Line Items]
Revenue	31,002	33,207
Cost of revenue	20,746	23,427
Gross profit (loss)	10,256	9,780
Research and development, net	10,960	9,121
Selling and marketing	2,810	2,304
General and administrative	2,302	2,185
Merger, acquisition and related litigation expenses, net
Operating profit (loss)	(5,816)	(3,830)
Depreciation and amortization Expenses	2,236	2,061
Terrestrial Infrastructure Projects [Member]
Segment Reporting Information [Line Items]
Revenue	14,507	7,991
Cost of revenue	16,095	11,833
Gross profit (loss)	(1,588)	(3,842)
Research and development, net
Selling and marketing	19	20
General and administrative	705	764
Merger, acquisition and related litigation expenses, net
Operating profit (loss)	(2,312)	(4,626)
Depreciation and amortization Expenses	$ 31	$ 40

CUSTOMERS, GEOGRAPHIC AND SEG_4

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Schedule of Revenue by geographic areas) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 101,636	$ 85,988	$ 122,000
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	35,463	30,185
Asia and Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	24,807	9,279
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	28,726	36,499
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 12,640	$ 10,025

CUSTOMERS, GEOGRAPHIC AND SEG_5

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Schedule of Revenue from Major Customers) (Details) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	6 Months Ended
	Jun. 30, 2021		Jun. 30, 2020
Customer A [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk percentage	18.00%		21.00%
Customer B [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk percentage		[1]	16.00%
[1]	Less than 10%

RELATED PARTY BALANCES AND TR_3

RELATED PARTY BALANCES AND TRANSACTIONS (Narrative) (Details) - Orbit [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2021
Related Party Transaction [Line Items]
Ownership interest held by Company's controlling shareholder		41.60%
Aggregate amount of purchase of infrastructure, construction and services	$ 1,750

RELATED PARTY BALANCES AND TR_4

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule of Transactions with Related Parties) (Details) - C. Mer Industries Ltd [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Related Party Transaction [Line Items]
Cost of revenue of products	$ 551	$ 58
Purchase inventory		$ 110

RELATED PARTY BALANCES AND TR_5

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule of Balances with Related Parties) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Related Party Transaction [Line Items]
Accrued expenses	$ 48,359	$ 46,387
C. Mer Industries Ltd [Member]
Related Party Transaction [Line Items]
Trade payables	491		$ 257
Accrued expenses	$ 113		$ 725