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

Equity (Tables)

v3.22.4
Equity (Tables)
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of stock option activity
  Number of Options Weighted Average Exercise Price
Options outstanding as of December 31, 2021   1,732,368   $ 28.85  
Granted   78,740     13.59  
Exercised   (26,362 )    10.04  
Forfeited   (165,187 )    36.68  
Options outstanding as of December 31, 2022   1,619,559   $ 27.62  
Options exercisable as of December 31, 2022   1,238,659   $ 31.25  

   
Schedule of Stock Options Outstanding
        Options Outstanding   Options Exercisable
        Outstanding   Weighted- Average   Weighted-   Exercisable Weighted-
        options at   Remaining   Average   options at Average
Range of   December 31,   Contractual   Exercise   December 31, Exercise
Exercise Prices   2022   Life in Years   Price   2022 Price
$ 3.52   - $ 19.61       464,419       7.68     $ 15.28       83,519   $ 18.94  
$ 19.66   - $ 22.47       688,434       4.67       20.36       688,434     20.36  
$ 23.41   - $ 114.11       466,480       2.57       49.48       466,480     49.48  
$ 120.51   - $ 120.51       226       0.94       120.51       226     120.51  
          1,619,559       4.93     $ 27.31       1,238,659   $ 31.25  
                       
Aggregate intrinsic value (U.S. $ in thousands)   $ 46           $ 28      
Schedule of Stock Option Assumptions
    2022 2021 2020
Risk-free interest rate   0.4%-3.9% 0.4%-1.3% 0.4%-1.8%
Expected option term (years)   5.0-5.5 5.0-5.1 5.0-5.1
Expected share price volatility   52.8%-61.4% 52.8%-58.7% 52.5%-52.8%
Dividend yield   - - -
Weighted average grant date fair value   $11.36 $14.99 8.09
Schedule of RSUs and PSUs activity
    Number of RSUs and PSUs   Weighted Average Grant Date Fair Value
Unvested RSUs and PSUs outstanding as of December 31, 2021     3,082,798     $ 26.36  
Granted     2,178,650       21.21  
Vested     (1,122,041 )      24.86  
Forfeited     (643,308 )      24.46  
Unvested RSUs and PSUs outstanding as of December 31, 2022     3,496,099     $ 23.98  

 
Schedule of stock-based compensation expense
    2022   2021   2020
    (U.S. $ in thousands)
Cost of revenues   $ 4,082     $ 3,093     $ 1,771  
Research and development, net     7,113       6,564       6,102  
Selling, general and administrative     22,266       21,320       12,331  
Total stock-based compensation expenses   $ 33,461     $ 30,977     $ 20,204  
Schedule of accumulated other comprehensive loss
    Year ended December 31, 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 loss before reclassifications     (1,566 )        (2,176 )        (3,742 ) 
Amounts reclassified from accumulated other comprehensive loss     (305 )       
-
         (305 ) 
Other comprehensive income (loss), net of tax     (1,871 )        (2,176 )        (4,047 ) 
Balance as of December 31, 2022   $ (299 )      $ (12,519 )      $ (12,818 ) 
    Year ended December 31, 2021
    Net unrealized gain (loss) on cash flow hedges     Foreign currency translation adjustments     Total
    U.S. $ in thousands
Balance as of January 1, 2021   $ (1,673 )      $ (7,173 )      $ (8,846 ) 
Other comprehensive loss before reclassifications     3,668         (2,603 )        1,065  
Amounts reclassified from accumulated other comprehensive loss     (423 )        (567 )        (990 ) 
Other comprehensive income (loss)     3,245         (3,170 )        75  
Balance as of December 31, 2021   $ 1,572       $ (10,343 )      $ (8,771 ) 
  
    Year ended December 31, 2020
    Net unrealized gain (loss) on cash flow hedges     Foreign currency translation adjustments     Total
    U.S. $ in thousands
Balance as of January 1, 2020   $ (10 )      $ (7,706 )      $ (7,716 ) 
Other comprehensive loss before reclassifications     (1,024 )        533         (490 ) 
Amounts reclassified from accumulated other comprehensive loss     (639 )       
-
         (639 ) 
Other comprehensive income (loss)     (1,663 )        533         (1,130 ) 
Balance as of December 31, 2020   $ (1,673 )      $ (7,173 )      $ (8,846 )