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

Leases

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Leases
 12 Months Ended
Dec. 31, 2021
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 years ended December 31, 2021, 2020 and 2019, were as follows:

  December 31,
    2021       2020       2019  
  (U.S. $ in thousands)
Operating lease cost:          
Fixed payments and variable payments that depend on an index or rate $ 10,196     $ 10,102     $ 8,564  
Total operating lease cost $ 10,196     $ 10,102     $ 8,564  

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

 

    December 31,
      2021       2020       2019  
    (U.S. $ in thousands)
Cash paid for amounts included in the measurement of lease liabilities   $ 9,829     $ 10,559     $ 9,685  
Right-of-use assets obtained in exchange for new operating lease liabilities   $ 5,955     $ 10,008     $ 7,246  
 
    December 31,
      2021       2020       2019  
Weighted-average remaining lease term — operating leases   2.59 years   3.00 years   3.18 years
Weighted-average discount rate — operating leases     4.58 %     4.78 %     4.72 %

 

Maturities of operating lease liabilities were as follows:

    December 31,
    2021
    (U.S. $ in thousands)
2022 $ 7,504  
2023   5,118  
2024   2,499  
2025   538  
2026   114  
Total operating lease payments   15,773  
Less: imputed interest   (804 ) 
Present value of lease liabilities $ 14,969