Equity (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
|---|
| Stockholders' Equity Note [Abstract] |
|
| Schedule of Stock-Based Compensation Expenses |
Stock-based compensation expenses for equity-classified stock options, restricted share units (“RSUs”), performance-based restricted share units (”PSUs”) and Employee Share Purchase Plan ("ESPP") were allocated as follows:
| |
Three Months Ended June 30, |
|
Six Months Ended June 30, |
| |
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
| |
U.S $ in thousands |
|
U.S $ in thousands |
| Cost of revenues |
$ |
999 |
|
|
$ |
1,080 |
|
|
$ |
1,931 |
|
|
$ |
1,980 |
|
| Research and development, net |
|
1,867 |
|
|
|
1,606 |
|
|
|
3,956 |
|
|
|
3,392 |
|
| Selling, general and administrative |
|
5,156 |
|
|
|
6,145 |
|
|
|
10,376 |
|
|
|
11,992 |
|
| Total stock-based compensation expenses |
$ |
8,022 |
|
|
$ |
8,831 |
|
|
$ |
16,263 |
|
|
$ |
17,364 |
|
|
| Schedule of Stock Option Activity |
A summary of the Company’s stock option activity for the six months ended June 30, 2023 is as follows:
| |
|
Number of Options |
|
|
|
Weighted Average Exercise Price |
|
| Options outstanding as of January 1, 2023 |
|
1,619,559 |
|
|
|
27.62 |
|
| Granted |
|
- |
|
|
|
- |
|
| Exercised |
|
(2,429 |
) |
|
|
3.56 |
|
| Forfeited |
|
(205,478 |
) |
|
|
64.78 |
|
| Options outstanding as of June 30, 2023 |
|
1,411,652 |
|
|
|
22.25 |
|
| Options exercisable as of June 30, 2023 |
|
1,084,689 |
|
|
|
24.18 |
|
|
| Schedule of RSUs and PSUs Activity |
A summary of the Company’s RSUs and PSUs activity for the six months ended June 30, 2023 is as follows:
| |
|
Number of RSUs and PSUs |
|
|
|
Weighted Average Grant Date Fair Value |
|
| Unvested as of January 1, 2023 |
|
3,496,099 |
|
|
|
23.98 |
|
| Granted |
|
1,784,752 |
|
|
|
13.26 |
|
| Vested |
|
(1,262,954 |
) |
|
|
24.37 |
|
| Forfeited |
|
(201,832 |
) |
|
|
24.15 |
|
| Unvested as of June 30, 2023 |
|
3,816,065 |
|
|
|
18.83 |
|
|
| Schedule of Accumulated Other Comprehensive Income (loss), Net of Taxes |
The following tables present the changes in the components of accumulated other comprehensive income (loss), net of taxes, for the six months ended June 30, 2023 and 2022, respectively:
| |
Six Months Ended June 30, 2023 |
| |
|
Net Unrealized Gain
(Loss) on Cash Flow
Hedges |
|
|
|
Foreign Currency
Translation
Adjustments |
|
|
|
Total |
|
| |
U.S. $ in thousands |
| |
|
|
|
|
|
|
|
|
|
|
|
| Balance as of January 1, 2023 |
$ |
(299 |
) |
|
$ |
(12,519 |
) |
|
$ |
(12,818 |
) |
| Other comprehensive income (loss) before reclassifications |
|
(2,708 |
) |
|
|
1,834 |
|
|
|
(874 |
) |
| Amounts reclassified from accumulated
other comprehensive loss |
|
1,021 |
|
|
|
- |
|
|
|
1,021 |
|
| Other comprehensive loss |
|
(1,687 |
) |
|
|
1,834 |
|
|
|
147 |
|
| Balance as of June 30, 2023 |
$ |
(1,986 |
) |
|
$ |
(10,685 |
) |
|
$ |
(12,671 |
) |
| |
Six Months Ended June 30, 2022 |
| |
|
Net Unrealized Gain
(Loss) on Cash Flow
Hedges |
|
|
|
Foreign Currency
Translation
Adjustments |
|
|
|
Total |
|
| |
U.S. $ in thousands |
| |
|
|
|
|
|
|
|
|
|
|
|
| Balance as of January 1, 2022 |
$ |
1,572 |
|
|
$ |
(10,343 |
) |
|
$ |
(8,771 |
) |
| Other comprehensive income before
reclassifications |
|
(1,049 |
) |
|
|
(3,491 |
) |
|
|
(4,540 |
) |
| Amounts reclassified from accumulated
other comprehensive loss |
|
(43 |
) |
|
|
- |
|
|
|
(43 |
) |
| Other comprehensive income |
|
(1,092 |
) |
|
|
(3,491 |
) |
|
|
(4,583 |
) |
| Balance as of June 30, 2022 |
$ |
480 |
|
|
$ |
(13,834 |
) |
|
$ |
(13,354 |
) |
|