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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases | Note 14 - 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 would exercise the option. The components of lease expense and supplemental cash flow information related to leases for the years ended December 31, 2023, 2022 and 2021 were as follows:
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | $ thousands |  |  | $ thousands |  |  | $ thousands |
Components of lease expense |  |  |  |  |  |  |  |  |
Operating lease cost |  |  | 4,014 |  |  |  | 4,428 |  |  |  | 4,869 |
Short-term lease |  |  | 62 |  |  |  | 52 |  |  |  | 100 |
Total lease expenses |  |  | 4,076 |  |  |  | 4,480 |  |  |  | 4,969 |
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | $ thousands |  |  | $ thousands |  |  | $ thousands |
Supplemental cash flow information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  | 3,913 |  |  |  | 4,497 |  |  |  | 4,843 |
Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets |  |  | 3,503 |  |  |  | 1,300 |  |  |  | 19,166 |
For the year ended December 31, 2023, 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, 2023 were as follows:
|  | $ thousands |
2024 |  |  | 3,937 |
2025 |  |  | 3,379 |
2026 |  |  | 2,665 |
2027 |  |  | 2,465 |
2028 and thereafter |  |  | 7,886 |
Total operating lease payments |  |  | 20,332 |
Less: imputed interest |  |  | 2,727 |
Present value of lease liability |  |  | 17,605 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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