Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Leases

v3.22.4
Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases

Note 15. Leases

The Company’s operating lease expenses are recognized on a straight-line basis. Operating lease cost for the years ended December 31, 2022, 2021 and 2020, were as follows:

  December 31,
    2022       2021       2020  
  (U.S. $ in thousands)
Operating lease cost:          
Fixed payments and variable payments that depend on an index or rate $ 8,951     $ 10,196     $ 10,102  
Total operating lease cost $ 8,951     $ 10,196     $ 10,102  

Cash flow and other information related to operating leases were as follows:

  

    December 31,
      2022       2021       2020  
    (U.S. $ in thousands)
Cash paid for amounts included in the measurement of lease liabilities   $ 8,372     $ 9,829     $ 10,559  
Right-of-use assets obtained in exchange for new operating lease liabilities   $ 12,057     $ 5,955     $ 10,008  
  
    December 31,
      2022       2021       2020  
Weighted-average remaining lease term — operating leases   4.11 years   2.59 years   3.00 years
Weighted-average discount rate — operating leases     4.17 %     4.58 %     4.78 %

 

Maturities of operating lease liabilities were as follows:

    December 31,
    2022
    (U.S. $ in thousands)
2023 $ 7,561  
2024   4,430  
2025   2,180  
2026   1,678  
2027 and thereafter   2,879  
Total operating lease payments   18,728  
Less: imputed interest   (889 ) 
Present value of lease liabilities $ 17,839