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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Contracts |
|  | Other accounts receivable and prepaid expenses |  |  | Other accounts payable and accrued expenses |
|  | December 31, 2023 |
|  | $ thousands |  |  | $ thousands |
Derivatives designated as hedging instruments: |  |  |  |  |  |
Currency forward contracts |  |  | 920 |  |  |  | - |
Total derivatives |  |  | 920 |  |  |  | - |
|  | Other accounts receivable and prepaid expenses |  |  | Other accounts payable and accrued expenses |
|  | December 31, 2022 |
|  | $ thousands |  |  | $ thousands |
Derivatives designated as hedging instruments: |  |  |  |  |  |
Currency forward contracts |  |  | - |  |  |  | (1,271 | )
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Currency forward and option contracts |  |  | 8 |  |  |  | (152 | )
Total derivatives |  |  | 8 |  |  |  | (1,423 | )
The notional amounts for derivatives contracts were as follows:
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
|  | $ thousands |  |  | $ thousands |
Derivatives designated as hedging instruments: |  |  |  |  |  |
Currency forward contracts |  |  | 19,482 |  |  |  | 42,848 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Currency forward and option contracts |  |  | - |  |  |  | 16,082 |
Schedule of Derivative Contracts on Consolidated Statements of Operations |
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | $ thousands |  |  | $ thousands |  |  | $ thousands |
Cost of revenues |  |  | (901 | ) |  |  | (515 | ) |  |  | 317 |
Research and development, net |  |  | (1,544 | ) |  |  | (939 | ) |  |  | 699 |
Sales and marketing |  |  | (443 | ) |  |  | (215 | ) |  |  | 165 |
General and administrative |  |  | (721 | ) |  |  | (386 | ) |  |  | 279 |
Financial expenses and others, net |  |  | (498 | ) |  |  | (170 | ) |  |  | 304 |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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