PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 4:- PROPERTY AND EQUIPMENT, NET

a. Property and equipment, net is comprised of the following:

	December 31,
	2023		2022
Cost:
Buildings and land	$	83,775	$	83,436
Computers, software and electronic equipment		64,262		59,047
Network equipment		39,473		35,749
Office furniture and equipment		4,108		3,911
Vehicles		299		266
Leasehold improvements		2,784		2,525
		194,701		184,934
Accumulated depreciation		120,386		108,356
Depreciated cost	$	74,315	$	76,578

The Company recorded a reduction of $419, $622, and $10,349 to the cost and accumulated depreciation of fully depreciated property and equipment that are no longer in use for the years ended December 31, 2023, 2022 and 2021, respectively.

b. Depreciation expenses amounted to $12,690, $11,277 and $10,549 for the years ended December 31, 2023, 2022 and 2021, respectively.

c. The Company leases part of its buildings as office space to others. The gross income generated from such leases amounted to approximately $5,401, $5,448 and $5,552 for the years ended December 31, 2023, 2022 and 2021, respectively. These amounts do not include the corresponding offsetting expenses related to this income.

d. During the year ended December 31, 2021, a property of the Company in Germany was classified as held for sale. During the year ended December 31, 2022, the property was derecognized from the consolidated balance sheets. The Company recognized impairment of $771 and $651 in the consolidated statements of income (loss) for the year ended December 31, 2022 and 2021, respectively.

e. During the year ended December 31, 2023, the Company entered into a definitive agreement for the sale of a real estate property in Bulgaria for $2,168. The Company recognized a capital gain of $2,084, which is presented under “Other operating expenses (income), net” in the consolidated statements of income (loss) for the year ended December 31, 2023.