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LEASES
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
LEASES

NOTE 13:-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 years ended December 31, 2021 and 2022 were as follows:

 

    

 

 

Year ended December 31,

 

 

 

2020

   

2021

   

2022

 

 

                 

Components of lease expense

                 

Operating lease cost

 

$

5,484

   

$

4,869

   

$

4,428

 

Short-term lease

 

$

43

   

$

100

   

$

52

 

Total lease expenses

 

$

5,527

   

$

4,969

   

$

4,480

 
 

 

 

Year ended December 31,

 

 

 

2020

   

2021

   

2022

 

 

                 

Supplemental cash flow information

                 

Cash paid for amounts included in the measurement of lease liabilities

 

$

5,489

   

$

4,843

   

$

4,497

 

 

                       

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

 

$

1,773

   

$

19,166

   

$

1,300

 

For the year ended December 31, 2022, the weighted average remaining lease term is approximately seven 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 December 31, 2022 were as follows:

 

2023

   

3,799

 

2024

   

2,774

 

2025

   

2,290

 

2026

   

2,101

 

2027and thereafter

   

8,819

 

Total operating lease payments

   

19,783

 

Less: imputed interest

   

2,851

 

Present value of lease liability

   

16,932