XML 53 R35.htm IDEA: XBRL DOCUMENT
v3.24.0.1

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract] |
Fair Values of Outstanding Derivative Instruments Designated as Cash Flow Hedging Instruments | The Company records all cash flow hedging instruments on the consolidated balance sheets at fair value. The fair values of outstanding derivative instruments designated as cash flow hedging instruments were as follows:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Prepaid expenses and other current assets |  | $ | 948 |  |  | $ | — |
Accrued expenses and other current liabilities |  | $ | — |  |  | $ | 313 |
Effect of Foreign Currency Contracts Designated as Cash Flow Hedge on the Consolidated Statements of Loss | The effect of foreign currency contracts designated as cash flow hedge on the consolidated statements of loss, for the years ended December 31, 2023 and 2022, were as follows:
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |
Cost of revenues |  | $ | 155 |  |  | $ | 450 |
Research and development |  |  | 1,619 |  |  |  | 3,244 |
Sales and marketing |  |  | 305 |  |  |  | 620 |
General and administrative |  |  | 296 |  |  |  | 538 |
Total losses recognized in the consolidated statements of loss, net |  | $ | 2,375 |  |  | $ | 4,852 |
Changes in Unrealized Gains (Losses) on Derivative Instruments Recorded in Accumulated Other Comprehensive Income (Loss) | The changes in unrealized gains (losses) on the Company’s derivative instruments recorded in accumulated other comprehensive income (loss) were as follows:
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |
Unrealized losses on derivative instruments, beginning of period |  | $ | (313 | ) |  | $ | — |
Changes in fair value of derivative instruments |  |  | (1,114 | ) |  |  | (5,165 | )
Reclassification of losses recognized in the consolidated statements of loss from accumulated other comprehensive income (loss) |  |  | 2,375 |  |  |  | 4,852 |
Unrealized gains (losses) on derivative instruments, end of period |  | $ | 948 |  |  | $ | (313 | )

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration