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OTHER LONG TERM ASSETS (Schedule of Other Long Term Assets) (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Other Assets, Noncurrent [Abstract]    
Cloud computing arrangements $ 9,898 $ 3,457
Severance pay fund 8,275 8,799
Investments in privately held companies [1],[2] 8,000 1,863
Loan receivables 4,875 0
Prepayments 3,799 2,961
Other 1,256 1,726
Other Assets, Noncurrent $ 36,103 $ 18,806
[1] In April and July of 2023, the Company completed a total investment of $2,500 in the preferred stock of a privately-held company which represents 4.5% of its outstanding shares on a fully diluted basis. The Company accounted for this investment as an equity investment without readily determinable fair values. No impairment or other adjustments related to observable price changes in orderly transactions for identical or similar investments were identified.
[2] In January 2023, the Company completed an investment of $5,500 in the common stock of a privately-held company which represents 34.8% of its outstanding shares. The Company accounted for this investment using the equity method of accounting. The Company's share of net earnings or losses in the nine months ended September 30, 2023 was immaterial.