XML 41 R28.htm IDEA: XBRL DOCUMENT v3.22.0.1
OTHER OPERATING EXPENSES (INCOME),NET
12 Months Ended
Dec. 31, 2021
Temporary Equity Stock Issued During Period Shares New Issues  
OTHER OPERATING EXPENSES (INCOME),NET

NOTE 21:       OTHER OPERATING EXPENSES (INCOME), NET

 

 

  Year ended December 31,  
   

2021

   

2020

   

2019

 

Kokam purchase escrow (1)(2)

  $ (859 )   $ (4,900 )   $ 4,900  

Write-off of long-lived assets

    2,209       1,471       -  

Compensation package related to the passing of the former Founder, CEO and Chairman(3)

    -       -       8,305  

Termination of SolarEdge Automation Machines’s former executive(4)

    -       -       12,222  

Sale of SolarEdge Automation Machines’s subsidiary(5)

    -       -       5,269  

Total other operating expenses (income)

  $ 1,350     $ (3,429 )   $ 30,696  
 
1.       In the year ended December 31, 2021, the Company received a payment of $859 out of the Kokam Co., Ltd. (“Kokam”) acquisition escrow (“the escrow”), with regards to a working capital adjustment.
2.       In the year ended December 31, 2020, the Company was indemnified for an amount of $4,900 out of the escrow, with regards to a legal claim of Kokam that was settled in arbitration.
3.          On August 25, 2019, the Company announced the untimely death of Mr. Guy Sella, Founder, who had served as CEO and Chairman of the Board of Directors until shortly before his passing. The amount is related to payroll, bonus and acceleration of stock-based compensation award.
4. As part of SolarEdge Automation Machines acquisition, the Company issued to a shareholder who had served as an executive of SolarEdge Automation Machines 334,095 PSUs, which were subject to certain performance goals and a vesting period. In December 2019, in connection with a separation agreement between the parties, the Company and the shareholder amended the original agreement, which resulted in a modification to the terms of 150,000 of the original PSUs, such as, the fair value of the PSU, the service period and the performance goals. The Company exercised a call option with respect to the remaining 183,395 PSUs, for a price per share equal to €0.01.
5.      On December 31, 2019, the Company completed the sale of a SolarEdge Automation Machines subsidiary.