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

Leases

v3.20.4
Leases
 12 Months Ended
Dec. 31, 2020
Disclosure Text Block [Abstract]  
Leases

Note 15. Leases

The Company’s operating lease expenses are recognized on a straight-line basis .Operating lease cost for the twelve months ended December 31, 2020 and 2019, were as follows:

    December 31, December 31,
    2020 2019
    (U.S. $ in thousands)
Operating lease cost:        
Fixed payments and variable payments that depend on an index or rate   10,102     8,564  
Total operating lease cost   10,102     8,564  

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

 

    December 31,   December 31,
    2020   2019
    (U.S. $ in thousands)
Cash paid for amounts included in the measurement of lease liabilities     10,559       9,685  
Right-of-use assets obtained in exchange for new operating lease liabilities     10,008       7,246  

 

    December 31,   December 31,
    2020 2019
Weighted-average remaining lease term — operating leases     3.00 years       3.18 years  
Weighted-average discount rate — operating leases     4.78 %     4.72 %

Maturities of operating lease liabilities were as follows:

    December 31,
    2020
    (U.S. $ in thousands)
2021 9,508
2022 6,667
2023 4,616
2024 2,120
2025 449
2026 and thereafter 48
Total operating lease payments 23,408
Less: imputed interest (1,559)
Present value of lease liabilities 21,849