| LEASES |
NOTE 9:-LEASES
The Company entered into operating leases primarily for offices. The leases have remaining lease terms of up to 4.5 years, some of which may include options to extend the leases for up to an additional 8 years.
The components of operating lease costs were as follows:
|
|
|
Year ended
December 31,
|
|
|
|
|
2020
|
|
|
2021
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease cost
|
|
$
|
6,495
|
|
|
$
|
7,224
|
|
|
Short-term lease cost
|
|
|
1,709
|
|
|
|
1,188
|
|
|
Variable lease cost
|
|
|
1,193
|
|
|
|
1,302
|
|
|
Sublease income
|
|
|
(273
|
)
|
|
|
(195
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total net lease costs
|
|
$
|
9,124
|
|
|
$
|
9,519
|
|
Supplemental balance sheet information related to operating leases is as follows:
|
|
|
Year ended
December 31,
|
|
|
|
|
2020
|
|
|
2021
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease ROU assets (under other long-term assets in the balance sheets)
|
|
$
|
20,363
|
|
|
$
|
14,159
|
|
|
Operating lease liabilities, current
|
|
$
|
7,025
|
|
|
$
|
6,974
|
|
|
Operating lease liabilities, long-term (under other long-term liabilities in the balance sheets)
|
|
$
|
16,202
|
|
|
$
|
10,239
|
|
|
Weighted average remaining lease term (in years)
|
|
|
3.8
|
|
|
|
2.9
|
|
|
Weighted average discount rate
|
|
|
1.7
|
%
|
|
|
1.7
|
%
|
Lease liability as of December 31, 2021, is as follows:
|
|
|
December 31,
2021
|
|
|
|
|
|
|
|
|
2022
|
|
$
|
7,017
|
|
|
2023
|
|
|
6,121
|
|
|
2024
|
|
|
3,872
|
|
|
2025
|
|
|
389
|
|
|
2026
|
|
|
197
|
|
|
|
|
|
|
|
|
Total undiscounted lease payments
|
|
|
17,596
|
|
|
Less: imputed interest
|
|
|
(383
|
)
|
|
|
|
|
|
|
|
Present value of lease liabilities
|
|
$
|
17,213
|
|
|