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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2019
Text Block [Abstract]  
Number of Reserved and Authorized Shares Under the Equity Incentive Plans
As of December 31, 2019, the number of
Reserved
and Authorized Shares under the Equity Incentive Plans is as detailed below:
             
 
2019
 
 
            
Stock Options outstanding
 
 
 
10.7
 
 
RSU outstanding
   
1.4
 
 
PSU outstanding
   
*
)
 
 
Ordinary shares available for issuance under the Equity Incentive Plans
   
3.7
 
 
       
 
 
 
Total Reserved and Authorized Shares as of December 31, 2019
   
 
15.8
 
 
       
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*) Represents an amount lower than $0.1
Summary of Stock Option Activity and Related Information
A summary of the Company’s stock option activity and related information is as follows:
                         
 
  Options  
 
 
  Weighted  
average
exercise
price
 
 
  Aggregate  
intrinsic
value
 
 
2019
 
                         
Outstanding at beginning of year
   
8.5
   
$
95.26
   
$
101.2
 
Granted
   
2.8
   
$
114.73
     
 
Exercised
   
(0.5
 
$
74.74
     
 
Forfeited
   
(0.1
 
$
90.11
     
 
                         
                         
Outstanding at December 31, 2019
   
10.7
   
$
101.57
   
$
122.4
 
                         
                         
Exercisable at December 31, 2019
   
5.9
   
$
94.75
   
$
103.0
 
                         
 
 
 
 
Summary of Restricted Stock Units Activity
 
 
A summary of the Company’s RSUs activity is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
         
 
Year ended
December 31,
 
 
2019
 
 
 
 
 
 
Unvested at beginning of year
 
 
1.3
 
Granted
 
 
0.7
 
Vested
 
 
(0.4
)
Forfeited
 
 
(0.2
)
 
 
 
 
 
 
 
 
 
 
Unvested, December 31, 2019
 
 
1.4
 
 
 
 
 
 
 
 
 
 
 
Stock-based Compensation Expense Related to Stock Options, RSUs and PSUs
 
  
Stock-based compensation expense related to stock options, RSUs and PSUs is
included
in the consolidated statements of operations as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         
 
Year ended
December 31,
 
2019
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of revenues
 
  $
4.4
 
 
  $
3.6
 
 
  $
2.7
 
Research and development
 
 
18.9
 
 
 
17.6
 
 
 
16.2
 
Selling and marketing
 
 
28.8
 
 
 
20.8
 
 
 
18.3
 
General and administrative
 
 
54.6
 
 
 
47.3
 
 
 
50.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  $
     
106.7
 
 
  $
     
89.3
 
 
  $
     
87.4