PROPERTY, EQUIPMENT AND SOFTWARE, NET

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

PROPERTY, EQUIPMENT AND SOFTWARE, NET

NOTE 5 – PROPERTY, EQUIPMENT AND SOFTWARE, NET

Composition of property, equipment and software, grouped by major classifications, is as follows:


	March 31,		December 31,
	2021		2020
Leasehold improvements	$	7,965	$	8,157
Furniture and office equipment		3,584		3,579
Computers, software and
peripheral equipment		28,451		27,322
Property, equipment and software		40,000		39,058
Accumulated depreciation		(28,097)		(26,364)
Property, equipment and software, net	$	11,903	$	12,694

Depreciation expense for the three months ended March 31, 2021 and 2020 were $1,759 and $1,598, respectively.

NOTE 5 – PROPERTY, EQUIPMENT AND SOFTWARE, NET

Composition of assets, grouped by major classifications, is as follows:


	December 31,
	2020		2019
Leasehold improvements	$	8,157	$	7,818
Furniture and office equipment		3,579		3,324
Computers, software and peripheral equipment		27,322		22,179
Accumulated depreciation		(26,364)		(19,049)
	$	12,694	$	14,272

Depreciation expense for the years ended December 31, 2020, 2019 and 2018 were $6,847, $6,091 and $4,312, respectively.

Refer to Note 2q for a description of the Company’s conclusion of one operating segment. The following table presents the Company’s property and equipment, net of depreciation and amortization, by geographic region:


	December 31,
	2020		2019
Israel	$	8,224	$	9,342
United States		2,450		2,870
All other countries		2,020		2,060
	$	12,694	$	14,272