Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Equity (Tables)

v3.24.2.u1
Equity (Tables)
6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Schedule of stock-based compensation expense
Stock-based compensation expenses for equity-classified stock options, restricted share units (“RSUs”) and performance-based restricted share units (”PSUs”) were allocated as follows:
Three Months Ended June 30, Six Months Ended June 30,
2024 2023 2024 2023
U.S $ in thousands U.S $ in thousands
Cost of revenues $ 1,010  $ 999  $ 1,962  $ 1,931 
Research and development, net 2,120  1,867  4,251  3,956 
Selling, general and administrative 4,216  5,156  9,782  10,376 
Total stock-based compensation expenses $ 7,346  $ 8,022  $ 15,995  $ 16,263 
Schedule of stock option activity
A summary of the Company’s stock option activity for the six months ended June 30, 2024 is as follows:
Number of Options Weighted Average Exercise Price
Options outstanding as of January 1, 2024
1,360,652  20.67 
Granted —  — 
Exercised (12,413) 12.30 
Forfeited (54,569) 24.30 
Options outstanding as of June 30, 2024
1,293,670  20.60 
Options exercisable as of June 30, 2024
1,014,148  21.80 
Schedule of RSUs and PSUs activity
A summary of the Company’s RSUs and PSUs activity for the six months ended June 30, 2024 is as follows:
Number of RSUs and PSUs Weighted Average Grant Date Fair Value
Unvested as of January 1, 2024
3,842,232  17.95 
Granted 1,867,931  11.77 
Vested (1,020,493) 19.12 
Forfeited (213,697) 19.14 
Unvested as of June 30, 2024
4,475,973  18.83 
Schedule of accumulated other comprehensive loss
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, 2024 and 2023, respectively:
Six Months Ended
June 30, 2024
Net Unrealized Gain (Loss) on Cash Flow Hedges Foreign Currency Translation Adjustments Total
U.S. $ in thousands
Balance as of January 1, 2024
$ 1,790  $ (8,869) $ (7,079)
Other comprehensive income (loss) before reclassifications 1,459  (2,210) (751)
Amounts reclassified from accumulated other comprehensive loss (1,303) —  (1,303)
Other comprehensive loss 156  (2,210) (2,054)
Balance as of June 30, 2024 $ 1,946  $ (11,079) $ (9,133)
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 before reclassifications (2,708) 1,834  (874)
Amounts reclassified from accumulated other comprehensive loss 1,021  —  1,021 
Other comprehensive income (1,687) 1,834  147 
Balance as of June 30, 2023 $ (1,986) $ (10,685) $ (12,671)