v3.24.0.1
OTHER LONG TERM ASSETS
12 Months Ended
Dec. 31, 2023
Other Assets, Noncurrent [Abstract]  
OTHER LONG TERM ASSETS
NOTE 11:       OTHER LONG TERM ASSETS
 
   
As of December 31,
 
   
2023
   
2022
 
Cloud computing arrangements
 
$
13,666
   
$
3,457
 
Severance pay fund
   
9,241
     
8,799
 
Investments in privately held companies1
   
7,650
     
1,863
 
Loan receivables
   
2,438
     
-
 
Prepaid expenses and other
   
4,606
     
4,687
 
Total other long term assets
 
$
37,601
   
$
18,806
 
 
1 In January 2023, the Company completed an investment of $5,500 in the common stock of a privately-held company which represents 34.8% of its outstanding shares. The Company accounted for this investment using the equity method of accounting. The Company's share of net loss for the year ended December 31, 2023 was $350.
 
In April and July of 2023, the Company completed a total investment of $2,500 in the preferred stock of a privately-held company which represents 4.5% of its outstanding shares on a fully diluted basis. The Company accounted for this investment as an equity investment without readily determinable fair values. No impairment or other adjustments related to observable price changes in orderly transactions for identical or similar investments were identified.