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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2023
Stockholders' Equity Note [Abstract]  
Schedule of Assumptions Used to Determine Fair Value of Options Granted
The fair value of the Company's stock options granted to employees and directors for the years ended December 31, 2023, 2022 and 2021 was estimated using the following assumptions:
202320222021
Expected volatility
33.35%-35.67%
29.45%-34.11%
26.21%-27.87%
Risk free interest rate
3.6%-4.68%
1.78%-4.15%
0.3%-0.93%
Expected dividend— — — 
Expected term (in years)3.53.53.5
Schedule of Stock Option Activity
A summary of the Company's stock options activity and related information for the year ended December 31, 2023, is as follows:
Number of optionsWeighted-average exercise priceWeighted- average remaining contractual term
(in years)
Aggregate intrinsic
value
Outstanding at January 1, 20231,179,972 23.76 4.31200,905
Granted344,450 13.40
Exercised(217,760)11.18
Cancelled(761)2.80
Forfeited(52,107)0.30
Outstanding at December 31, 20231,253,794 24.08 4.25221,610 
Exercisable at December 31, 2023461,353 57.61 2.9667,013 
Schedule of Options Outstanding by Exercise Price Range
The options outstanding under the Company's stock option plans as of December 31, 2023, have been separated into ranges of exercise price as follows:
Ranges of
exercise price
Options outstanding as of December 31, 2023Weighted
average
remaining
contractual
term
Weighted
Average
Exercise
Price
Options Exercisable as of December 31, 2023Weighted
average
exercise
price of
options
exercisable
(Years)$$
$
0.25 - 0.32
1,088,7014.450.29312,7190.29
$
6.72 -6.95
3811.076.843816.84
$
20.44 - 24.99
2,1173.9821.692,11721.69
$
38.06 - 54.51
2,4703.0247.702,46947.70
$
96.74 - 151.63
58,0321.27133.4458,032133.44
$
197.42 - 232.2
102,0933.92215.2585,635216.93
1,253,794 4.2524.08 461,353 57.61 
Schedule of Restricted Stock Units Activity
A summary of the Company's RSU and the Company's RSA activities and related information for the year ended December 31, 2023, is as follows:
Number of RSU and
RSA (*)
Outstanding at January 1, 20231,524,223 
Granted827,430 
Vested(515,712)
Forfeited(132,792)
Outstanding at December 31, 20231,703,149 
(*) NIS 1.0 par value, which represents approximately $0.27.
Schedule of Allocated Share-Based Compensation Expense
The total equity-based compensation expense related to all of the Company's equity-based awards recognized for the years ended December 31, 2023, 2022 and 2021 was comprised as follows:
Year ended
December 31,
202320222021
Cost of revenues$18,904 $18,535 $17,879 
Research and development, net38,047 39,747 28,558 
Selling and marketing48,022 57,114 42,021 
General and administrative78,329 73,492 67,914 
Total stock-based compensation expenses$183,302 $188,888 $156,372