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LEASES
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
LEASES

NOTE 7:LEASES

The Company`s leases include offices and warehouses for its facilities worldwide, as well as car leases, which are all classified as operating leases. Certain leases include renewal options that are under the Company`s sole discretion. The renewal options were included in the right of use (“ROU”) and liability calculation if it was reasonably certain that the Company will exercise the option.

The components of lease expense and supplemental cash flow information related to leases for the six months ended June 30, 2021 and 2020 were as follows:

Six months ended

June 30,

 

2020

2021

Components of lease expense

Operating lease cost

$

2,689

$

2,658

Short-term lease

$

10

$

61

Total lease expenses

$

2,699

$

2,719

 

Six months ended

June 30,

 

2020

2021

Supplemental cash flow information

Cash paid for amounts included in the measurement of lease liabilities

$

2,683

$

2,624

 

Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets  

$

267

$

18,319

 

For the six months ended June 30, 2021, the weighted average remaining lease term is eight years, and the weighted average discount rate is 5 percent. The discount rate was determined based on the estimated collateralized borrowing rate of the Company, adjusted to the specific lease term and location of each lease.

Maturities of lease liabilities as of June 30, 2021 were as follows:

The remainder of 2021

2,370

2022

4,318

2023

3,624

2024

2,648

2025

2,520

2026 and thereafter

12,338

Total operating lease payments

27,818

Less: imputed interest

4,676

Present value of lease liability

$

23,142

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CERAGON NETWORKS LTD. AND SUBSIDIARIES