OTHER OPERATING EXPENSES (INCOME), NET (Tables)

12 Months Ended

Dec. 31, 2021

Temporary Equity Stock Issued During Period Shares New Issues

Schedule of Other Operating Expenses

	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.