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LEASES
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
LEASES

NOTE 9:-LEASES

The Company entered into operating leases primarily for offices. The leases have remaining lease terms of up to 7 years, some of which may include options to extend the leases for up to an additional 5 years.

The components of operating lease costs were as follows:

 

 

Year ended

December 31,

 

 

 

2021

 

 

2022

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

7,224

 

 

$

7,522

 

Short-term lease cost

 

 

1,188

 

 

 

1,326

 

Variable lease cost

 

 

1,302

 

 

 

1,342

 

Sublease income

 

 

(195

)

 

 

-

 

 

 

 

 

 

 

 

 

 

Total net lease costs

 

$

9,519

 

 

$

10,190

 

Supplemental balance sheet information related to operating leases is as follows:

 

 

December 31,

 

 

 

2021

 

 

2022

 

 

 

 

 

 

 

 

 

 

Operating lease ROU assets (under other long-term assets in the balance sheets)

 

$

14,159

 

 

$

37,857

 

Operating lease liabilities, current

 

$

6,974

 

 

$

7,857

 

Operating lease liabilities, long-term (under other long-term liabilities in the balance sheets)

 

$

10,239

 

 

$

28,874

 

Weighted average remaining lease term (in years)

 

 

2.9

 

 

 

5.7

 

Weighted average discount rate

 

 

1.7

%

 

 

2.8

%

Lease liability as of December 31, 2022, are as follows:

 

 

December 31, 2022

 

 

 

 

 

 

2023

 

 

7,691

 

2024

 

 

7,384

 

2025

 

 

6,663

 

2026

 

 

5,717

 

2027    

5,174

 

Thereafter

 

 

6,670

 

 

 

 

 

 

Total undiscounted lease payments

 

 

39,299

 

Less: imputed interest

 

 

(2,568

)

 

 

 

 

 

Present value of lease liabilities

 

$

36,731