Share-Based Payment (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of share-based payment arrangements [text block] [Abstract]

Schedule of expense recognized in financial statements

	For the Year Ended December 31
	2021		2020		2019
	U.S. Dollar in thousands
Cost of revenues	$	69	$	244	$	364
Research and development		79		184		254
Selling and marketing		34		39		63
General and administrative		347		510		482
Total share-based compensation	$	529	$	977	$	1,163

Schedule of change of awards

	2021					2020					2019
	Number of Options			Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price
				In NIS					In NIS					In NIS
Outstanding at beginning of year		1,660,958			20.38		2,336,554			27.87		2,445,597			29.99
Granted		-			-		382,000			24.36		443,800			20.64
Exercised		(28,672	)		16.93		(449,093	)		18.49		(67,470	)		32.30
Forfeited		(127,608	)		20.29		(608,503	)		51.68		(485,373	)		16.98
Outstanding at end of year		1,504,678			20.65		1,660,958			20.38		2,336,554			27.87
Exercisable at end of year		1,067,363			19.78		799,640			18.97		1,412,023			33.17
The weighted average remaining contractual life for the share options					3.33					4.18					3.39

Schedule of number of RSs and modification in employee RSs

	Number of RSs
	2021			2020			2019
Outstanding at beginning of year		104,519			145,896			139,706
Granted		-			30,000			69,725
End of restriction period		(52,538	)		(58,328	)		(18,643	)
Forfeited		(2,420	)		(13,049	)		(44,892	)
Outstanding at end of year		49,561			104,519			145,896
The weighted average remaining contractual life for the restricted share		3.40			4.39			2.78

Schedule of inputs to binomial model used for fair value measurement

	2021(1)		2020		2019
Dividend yield (%)		-		-		-
Expected volatility of the share prices (%)		-		30-55		23-41
Risk-free interest rate (%)		-		0.01 – 0.58		0.3 – 1.7
Contractual term of up to (years)		-		6.5		6.5
Exercise multiple		-		2		2
Weighted average share prices (NIS)		-		20.28-28.98		19.17-19.65
Expected average forfeiture rate (%)		-		1.9-5.9		2-6

⁽¹⁾ During the year ended December 31, 2021, no grants of options or RS were made