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Leases | 12 Months Ended
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Dec. 31, 2024
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, 2024, 2023 and 2022 were as follows:
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | $ thousands |  |  | $ thousands |  |  | $ thousands |
Components of lease expense |  |  |  |  |  |  |  |  |
Operating lease cost |  |  | 4,298 |  |  |  | 4,014 |  |  |  | 4,428 |
Short-term lease cost |  |  | 60 |  |  |  | 62 |  |  |  | 52 |
Variable lease cost |  |  | 255 |  |  |  | 185 |  |  |  | 99 |
Total lease expenses |  |  | 4,613 |  |  |  | 4,261 |  |  |  | 4,579 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | $ thousands |  |  | $ thousands |  |  | $ thousands |
Supplemental cash flow information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  | 3,950 |  |  |  | 3,913 |  |  |  | 4,497 |
Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets |  |  | 2,471 |  |  |  | 3,503 |  |  |  | 1,300 |
Supplemental balance sheet information related to leases was as follows:
|  | Year ended December 31, 2024 |
Weighted-average remaining operating lease term |  |  | 6.09 |
Weighted-average discount rate of operating leases* |  |  | 4.93 | %
* 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, 2024, were as follows:
|  | $ thousands |
2025 |  |  | 3,348 |
2026 |  |  | 3,045 |
2027 |  |  | 2,779 |
2028 |  |  | 2,638 |
2029 |  |  | 2,613 |
2030 and thereafter |  |  | 3,924 |
Total undiscounted lease payments |  |  | 18,347 |
Less: imputed interest |  |  | 2,440 |
Present value of lease liability |  |  | 15,907 |

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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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