XML 37 R19.htm IDEA: XBRL DOCUMENT

LEASES

12 Months Ended

Dec. 31, 2023

NOTE 12:-

LEASES

The main operating lease expenses include leases of office locations, data centers and vehicles. The lease terms of the Company’s operating leases generally range from 2 years to 11 years, with various expiration dates through 2033.

The following table presents supplemental information related to the operating leases:

	December 31,
	2023			2022
Weighted average remaining operating lease term in years		4.3			5.4
Weighted average discount rate of operating leases		5.45	%		4.36	%

The Company lease agreements generally do not contain any material residual value guarantees or material restrictive covenants.

The components of lease expense related to leases for the years ended December 31, 2023, 2022 and 2021, were as follows:

	Year ended December 31,
	2023			2022			2021
Components of lease expense:
Operating lease cost	$	20,286		$	18,218		$	17,102
Short-term lease cost and variable lease cost		2,462			1,735			583
Sublease income		(167	)		(447	)		—

Maturities of lease liabilities as of December 31, 2023, were as follows:

	Amount
Year Ending December 31,
2024	$	22,828
2025		17,926
2026		14,454
2027		10,164
2028		5,613
Thereafter		8,264
Total undiscounted lease payments	$	79,249
Less: imputed interest		(9,535	)
Present value of lease liabilities	$	69,714