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SHAREHOLDERS' EQUITY | 12 Months Ended
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Dec. 31, 2021
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS' EQUITY | NOTE 14:-SHAREHOLDERS' EQUITY The ordinary shares of the Company are traded on the Nasdaq Global Select Market, under the symbol “CRNT”. a.General: The ordinary shares entitle their holders to receive notice to participate and vote in general meetings of the Company, the right to share in distributions upon liquidation of the Company, and to receive dividends, if declared. b.Stock options plans: 1.In 2003, the Company adopted a share option plan which has been extended or replaced from time to time, including on September 6, 2010, December 2012 and August 2014. To date, the plan that is currently in effect is the Amended and Restated Share Option and RSU Plan as amended August 10, 2014 (the “Plan”). Under the Plan, options and RSUs may be granted to officers, directors, employees and consultants of the Company or its subsidiaries. The options vest primarily over four years, subject to certain exceptions. The options expire between six to ten years from the date of grant. The Plan expires in December 2022. The maximum number of shares which may be issued under Options granted pursuant to the Plan is twenty million (20,000,000). The Company needs to reserve, and the Board of Directors has reserved, sufficient authorized but unissued Shares for purposes of the Plan subject to adjustments as provided in the Plan. Since the last amendment in 2014, the Company has issued approximately 7,650,000 options under the Plan. 2.The following table summarizes the activities for the Company’s stock options for the year ended December 31, 2021:
|  | Year ended December 31, 2021 |
|  | Number of options |  |  | Weighted average exercise price |  |  | Weighted average remaining contractual term (in years) |  |  | Aggregate intrinsic value |
Outstanding at beginning of year |  |  | 6,238,729 |  |  | $ | 3.52 |  |  |  | 3.17 |  |  | $ | 2,654 |
Granted |  |  | 1,902,868 |  |  |  | 3.72 |  |  |  |  |  |  |  |  |
Exercised |  |  | (2,098,957 | ) |  |  | 2.25 |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | (856,194 | ) |  |  | 7.75 |  |  |  |  |  |  |  |  |
Outstanding at end of the year |  |  | 5,186,446 |  |  | $ | 3.40 |  |  |  | 4.01 |  |  | $ | 534 |
Options exercisable at end of the year |  |  | 2,342,399 |  |  | $ | 3.57 |  |  |  | 2.75 |  |  | $ | 370 |
Vested and expected to vest |  |  | 4,664,666 |  |  | $ | 3.41 |  |  |  | 3.87 |  |  | $ | 508 |
F - 37 CERAGON NETWORKS LTD. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS U.S. dollars in thousands (except share data) NOTE 14:-SHAREHOLDERS' EQUITY (Cont.) The weighted average fair value of options granted during 2019, 2020 and 2021 was $1.39, $1.06 and $2.25, respectively. The intrinsic value of options exercised during the years ended December 31, 2019, 2020 and 2021 was $626, $770 and $5,519, respectively. The following table summarizes the activities for the Company’s RSUs for the year ended December 31, 2021:
|  | Year ended December 31, 2021 |
|  | Number of RSUs |  |  | Aggregate intrinsic value |
Unvested at beginning of year |  |  | 309,986 |  |  | $ | 862 |
Granted |  |  | 588,466 |  |  |  |  |
Vested |  |  | (129,380 | ) |  |  |  |
Forfeited |  |  | (69,393 | ) |  |  |  |
Unvested at end of the year |  |  | 699,679 |  |  | $ | 1,805 |
Vested and expected to vest |  |  | 493,881 |  |  | $ | 1,274 |
The weighted average fair value at grant date of RSUs granted during 2019, 2020 and 2021 was $2.79, $2.11 and $4.07, respectively. As of December 31, 2021, the total unrecognized estimated compensation cost related to non-vested stock options and RSU`s granted prior to that date was $ 4,563, which is expected to be recognized over a weighted average period of approximately one year. The following is a summary of the Company’s stock options and RSUs granted separated into ranges of exercise price:
Exercise price (range) |  |  | Options and RSUs outstanding as of December 31, 2021 |  |  | Weighted average remaining contractual life (years) for outstanding options |  |  | Weighted average exercise price |  |  | Options and RSUs exercisable as of December 31, 2021 |  |  | Weighted average remaining contractual life (years) for exercisable options |  |  | Weighted average exercise price |
$ |  |  |  |  |  |  |  |  | $ |  |  |  |  |  |  |  |  | $ |
RSUs 0.0 |  |  |  | 699,679 |  |  |  | - |  |  |  | 0.00 |  |  |  | - |  |  |  | - |  |  |  | 0.00 |
0.01-2.00 |  |  |  | 154,389 |  |  |  | 1.17 |  |  |  | 1.45 |  |  |  | 141,239 |  |  |  | 0.92 |  |  |  | 1.42 |
2.01-4.00 |  |  |  | 4,460,682 |  |  |  | 4.39 |  |  |  | 3.05 |  |  |  | 1,760,845 |  |  |  | 3.35 |  |  |  | 2.78 |
4.01-6.00 |  |  |  | 281,375 |  |  |  | 3.31 |  |  |  | 4.41 |  |  |  | 150,315 |  |  |  | 1.80 |  |  |  | 4.57 |
6.01-8.00 |  |  |  | 15,000 |  |  |  | 0.75 |  |  |  | 6.21 |  |  |  | 15,000 |  |  |  | 0.75 |  |  |  | 6.21 |
8.01-10.00 |  |  |  | 275,000 |  |  |  | 0.40 |  |  |  | 9.00 |  |  |  | 275,000 |  |  |  | 0.40 |  |  |  | 9.00 |
|  |  |  | 5,886,125 |  |  |  |  |  |  |  |  |  |  |  | 2,342,399 |  |  |  |  |  |  |  |  |
F - 38 CERAGON NETWORKS LTD. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS U.S. dollars in thousands (except share data) NOTE 14:-SHAREHOLDERS' EQUITY (Cont.) The total equity-based compensation expense related to all of the Company’s equity-based awards, recognized for the years ended December 31, 2019, 2020 and 2021, was comprised as follows:
|  | Year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
Cost of revenues |  | $ | 71 |  |  | $ | 110 |  |  | $ | 289 |
Research and development, net |  |  | 366 |  |  |  | 243 |  |  |  | 236 |
Sales and marketing |  |  | 708 |  |  |  | 545 |  |  |  | 700 |
General and administrative |  |  | 908 |  |  |  | 764 |  |  |  | 1,337 |
Total share-based compensation expenses |  | $ | 2,053 |  |  | $ | 1,662 |  |  | $ | 2,562 |
c.Dividends: In the event that cash dividends are declared in the future, such dividends will be paid in NIS or in foreign currency subject to any statutory limitations. The Company does not intend to pay cash dividends in the foreseeable future.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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