The Group operates in one operating and reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker. The Group’s chief operating decision maker (“CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net income to assess financial performance and allocate resources.

The following table summarizes the Group’s segment revenue, significant segment expenses, and segment net income:


	Year Ended December 31,
	2024		2023		2022
Revenue	$	242,176	$	244,383	$	275,093
Less:
Payroll expenses – included in cost of revenues⁽¹⁾		7,328		7,339		7,961
Payroll expenses – included in operating expenses⁽¹⁾		108,424		110,680		115,630
Office rent and maintenance		11,974		11,445		7,803
Other segment items⁽²⁾		106,468		113,478		123,194
Net income	$	15,311	$	8,780	$	28,466

(2)Other segment items include other cost of revenues, depreciation and amortization, share based compensation, other research and development, other selling and marketing, other general and administrative, financial income, and taxes on income.

Revenues in the table below are attributed to geographical areas, based on the location of the end customers.

The following presents total revenues for the years ended December 31, 2024, 2023 and 2022 and long-lived assets (including ROU assets) as of December 31, 2024, 2023 and 2022.


	Year Ended and as of December 31,
	2024				2023				2022
			Long-				Long-				Long-
	Total		lived		Total		lived		Total		lived
	revenues		assets		revenues		assets		revenues		assets
Americas, principally the United States	$	125,204	$	4,684	$	126,419	$	5,026	$	139,583	$	3,588
Europe		76,624		180		78,939		290		87,679		328
Eastern Asia		32,745		829		35,352		859		42,108		901
Israel		7,603		54,651		3,673		42,451		5,723		14,231

	$	242,176	$	60,344	$	244,383	$	48,626	$	275,093	$	19,048

The Group has derived approximately 46% of its revenues for the year ended December 31, 2024 from sales in the United States.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details