v3.24.0.1

PROPERTY, PLANT AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, NET | NOTE 7: PROPERTY, PLANT AND EQUIPMENT, NET
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
Cost: |  |  |  |  |  |
Land |  | $ | 12,823 |  |  | $ | 13,070 |
Buildings and plants |  |  | 153,813 |  |  |  | 152,218 |
Computers and peripheral equipment |  |  | 57,527 |  |  |  | 46,376 |
Office furniture and equipment |  |  | 10,992 |  |  |  | 10,911 |
Laboratory and testing equipment |  |  | 67,248 |  |  |  | 58,454 |
Machinery and equipment |  |  | 362,363 |  |  |  | 315,155 |
Leasehold improvements |  |  | 96,730 |  |  |  | 85,147 |
Assets under construction and payments on account |  |  | 88,077 |  |  |  | 47,168 |
Gross property, plant and equipment |  |  | 849,573 |  |  |  | 728,499 |
Less - accumulated depreciation |  |  | 234,994 |  |  |  | 184,530 |
Total property, plant and equipment, net |  | $ | 614,579 |  |  | $ | 543,969 |
Depreciation expenses for the years ended December 31, 2023, 2022 and 2021, were $49,544, $40,580 and $29,359, respectively. For the year ended December 31, 2023, impairment loss of $25,168 was recorded as a result of Company's decision to discontinue its LCV activity and other restructuring efforts related to the Solar segment (see Note 23). Impairment losses for the years ended December 31, 2022, and 2021, were $649 and $2,113, respectively.

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