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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Number of Reserved and Authorized Shares Under the Equity Incentive Plans
As of December 31, 2022, the number of Reserved and Authorized Shares under the Equity Incentive Plans is as detailed below:
 
         
        
Stock Options outstanding
     7,778,108  
RSU outstanding
  
 
2,219,853
 
PSU outstanding
  
 
188,493
 
Ordinary shares available for issuance under the Equity Incentive Plans
  
 
2,905,777
 
    
 
 
 
Total Reserved and Authorized Shares as of December 31, 2022
  
 
13,092,231
 
    
 
 
 
Summary of Stock Option Activity and Related Information
A summary of the Company’s stock option activity and related information is as follows:
 
    
  Number of  
options
 
    Weighted    

average

exercise

price
    
    Aggregate    

intrinsic

value
 
                           
    
2022
       
Outstanding at beginning of year
     8,160,625     $ 113.06      $ 37.1  
Granted
     710,000     $ 125.54           
Exercised
     (1,009,329   $ 99.89           
Forfeited
     (83,188   $ 122.41           
    
 
 
 
 
 
 
    
 
 
 
       
Outstanding at December 31, 2022
     7,778,108     $ 115.05      $ 82.5  
    
 
 
 
 
 
 
    
 
 
 
       
Exercisable at December 31, 2022
     5,666,608     $ 114.61      $ 65.4  
    
 
 
 
 
 
 
    
 
 
 
Summary of Restricted Stock Units Activity
A summary of the Company’s RSUs and PSUs activity is as follows:
 
    
Year ended

December 31, 2022
    
    RSUs    
 
    PSUs    
 
    Total    
       
Unvested at beginning of year
     2,231,167       105,595       2,336,762  
Granted
     958,157       160,423       1,118,580  
Vested
     (706,738)       (5,799)       (712,537)  
Forfeited
     (262,733)       (71,726)       (334,459)  
    
 
 
 
 
 
 
 
 
 
 
 
       
       2,219,853       188,493       2,408,346  
    
 
 
 
 
 
 
 
 
 
 
 
*) Represents an amount lower than 0.1
Stock-based Compensation Expense Related to Stock Options, RSUs and PSUs
Stock-based compensation expense related to stock options, RSUs and PSUs is included in the consolidated statements of income as follows:
 
    
Year ended

December 31,
 
    
        2022    
    
      2021      
    
      2020      
 
       
Cost of revenues
     $ 5.4        $ 4.8        $ 4.5  
Research and development
     42.0        31.8        23.5  
Selling and marketing
     43.2        42.8        36.8  
General and administrative
     40.8        40.9        47.7  
    
 
 
    
 
 
    
 
 
 
       
       $ 131.4        $ 120.3        $ 112.5