Equity (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Stockholders' Equity Note [Abstract] |
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| Schedule of stock option activity |
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Number of Options |
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Weighted Average Exercise Price |
| Options outstanding as of December 31, 2023 |
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1,360,652 |
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$ |
20.67 |
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| Granted |
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90,181 |
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9.32 |
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| Exercised |
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(12,413) |
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12.30 |
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| Forfeited |
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(188,416) |
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25.70 |
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| Options outstanding as of December 31, 2024 |
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1,250,004 |
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$ |
19.18 |
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| Options exercisable as of December 31, 2024 |
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972,323 |
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$ |
20.62 |
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| Schedule of Stock Options Outstanding |
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Options Outstanding |
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Options Exercisable |
| Range of Exercise Prices |
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Outstanding options at December 31, 2024 |
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Options Outstanding Weighted- Average Remaining Contractual Life in Years |
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Weighted- Average Exercise Price |
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Exercisable options at December 31, 2024 |
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Weighted-Average Exercise Price |
| $ |
3.58 |
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$ |
19.61 |
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588,500 |
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6.58 |
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$ |
15.10 |
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310,819 |
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$ |
15.99 |
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| $ |
19.66 |
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$ |
22.28 |
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463,400 |
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2.74 |
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20.43 |
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463,400 |
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20.43 |
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| $ |
22.47 |
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$ |
27.83 |
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121,926 |
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3.40 |
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24.36 |
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121,926 |
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24.36 |
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| $ |
29.53 |
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$ |
35.16 |
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76,178 |
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0.30 |
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34.73 |
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76,178 |
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34.73 |
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1,250,004 |
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4.46 |
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$ |
19.18 |
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972,323 |
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$ |
20.62 |
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| Aggregate intrinsic value (U.S. $ in thousands) |
$ |
4.9 |
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$ |
4.9 |
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| Schedule of Stock Option Assumptions |
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2024 |
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2023 |
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2022 |
| Risk-free interest rate |
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4.2% |
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4.1% |
— |
4.7% |
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3.6% |
— |
3.9% |
| Expected option term (years) |
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5.5 |
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5.5 |
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5.5 |
| Expected share price volatility |
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61.8% |
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61.0% |
— |
61.2% |
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60.3% |
— |
61.4% |
| Dividend yield |
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— |
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— |
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— |
| Weighted average grant date fair value |
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$4.24 |
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$9.75 |
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$7.42 |
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| Schedule of RSUs and PSUs activity |
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Number of RSUs and PSUs |
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Weighted Average
Grant Date Fair Value |
| Unvested RSUs and PSUs outstanding as of December 31, 2023 |
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3,842,232 |
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$ |
17.95 |
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| Granted |
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2,632,097 |
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10.68 |
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| Vested |
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(1,551,332) |
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18.31 |
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| Forfeited |
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(977,877) |
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15.23 |
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| Unvested RSUs and PSUs outstanding as of December 31, 2024 |
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3,945,120 |
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$ |
13.67 |
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| Schedule of stock-based compensation expense |
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| Year ended December 31, |
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2024 |
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2023 |
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2022 |
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(U.S. $ in thousands) |
| Cost of revenues |
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$ |
3,073 |
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$ |
3,701 |
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$ |
4,082 |
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| Research and development, net |
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7,270 |
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7,932 |
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7,113 |
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| Selling, general and administrative |
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15,275 |
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19,981 |
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22,266 |
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$ |
25,618 |
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$ |
31,614 |
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$ |
33,461 |
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| Schedule of accumulated other comprehensive loss |
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Year Ended December, 31 2024 |
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Net unrealized gain
(loss) on cash flow
hedges |
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Foreign currency
translation
adjustments |
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Total |
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U.S. $ in thousands |
| Balance as of January 1, 2024 |
$ |
1,790 |
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$ |
(8,869) |
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$ |
(7,079) |
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Other comprehensive income (loss) before reclassifications |
5,656 |
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(4,069) |
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1,587 |
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| Amounts reclassified from accumulated other comprehensive loss |
(2,539) |
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— |
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(2,539) |
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| Other comprehensive income (loss), net of tax |
3,117 |
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(4,069) |
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(952) |
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| Balance as of December 31, 2024 |
$ |
4,907 |
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$ |
(12,938) |
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$ |
(8,031) |
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Year Ended December, 31 2023 |
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Net unrealized gain
(loss) on cash flow
hedges |
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Foreign currency
translation
adjustments |
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Total |
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U.S. $ in thousands |
| Balance as of January 1, 2023 |
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$ |
(299) |
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$ |
(12,519) |
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$ |
(12,818) |
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| Other comprehensive income (loss) before reclassifications |
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(1,797) |
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3,650 |
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1,853 |
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| Amounts reclassified from accumulated other comprehensive income |
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3,886 |
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— |
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3,886 |
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Other comprehensive income, net of tax |
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2,089 |
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3,650 |
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5,739 |
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| Balance as of December 31, 2023 |
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$ |
1,790 |
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$ |
(8,869) |
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$ |
(7,079) |
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Year Ended December, 31 2022 |
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Net unrealized gain
(loss) on cash flow
hedges |
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Foreign currency
translation
adjustments |
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Total |
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U.S. $ in thousands |
| Balance as of January 1, 2022 |
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$ |
1,572 |
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$ |
(10,343) |
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$ |
(8,771) |
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Other comprehensive loss before
reclassifications |
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(1,566) |
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(2,176) |
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(3,742) |
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| Amounts reclassified from accumulated other comprehensive loss |
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(305) |
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— |
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(305) |
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Other comprehensive loss, net of tax |
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(1,871) |
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(2,176) |
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(4,047) |
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| Balance as of December 31, 2022 |
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$ |
(299) |
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$ |
(12,519) |
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$ |
(12,818) |
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