Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Goodwill and Other Intangible Assets

v3.4.0.3
Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

Note 3. Goodwill and Other Intangible Assets

Goodwill

Changes in the carrying amount of the Company’s goodwill for the three months ended March 31, 2016, were as follows:

      (U.S. $ in millions)
Goodwill as of January 1, 2016 $      383.9
Translation differences 2.7
Goodwill as of March 31, 2016 $ 386.6

Other Intangible Assets

Other intangible assets consisted of the following:

March 31, 2016 December 31, 2015
Gross Accumulated Net Gross Accumulated Net
Carrying Accumulated Impairment Book Carrying Accumulated Impairment Book
    Amount     Amortization     Loss     Value     Amount     Amortization     Loss     Value
U.S. $ in thousands
Developed technology $      509,673 $        (168,124 ) $      (203,170 ) $      138,379 $      509,827 $        (157,862 ) $      (203,170 ) $      148,795
Patents 18,232 (10,454 ) - 7,778 17,785 (10,008 ) - 7,777
Trademarks and trade names 60,182 (15,044 ) (27,698 ) 17,440 60,141 (14,463 ) (27,698 ) 17,980
Customer relationships 150,915 (44,961 ) (34,720 ) 71,234 150,677 (41,708 ) (34,720 ) 74,249
Non-compete agreements 10,843 (5,874 ) (4,969 ) - 10,843 (5,874 ) (4,969 ) -
Capitalized software development costs 21,555 (17,584 ) (1,379 ) 2,592 21,389 (17,351 ) (1,379 ) 2,659
In process research and development 22,179 - (21,171 ) 1,008 22,179 - (21,171 ) 1,008
$ 793,579 $ (262,041 ) $ (293,107 ) $ 238,431 $ 792,841 $ (247,266 ) $ (293,107 ) $ 252,468

Amortization expense relating to intangible assets for the three-month periods ended March 31, 2016 and 2015 was approximately $14.7 million and $22.0 million, respectively.

As of March 31, 2016, estimated amortization expense relating to intangible assets currently subject to amortization for each of the following periods were as follows:

Estimated
amortization expense
      (U.S. $ in thousands)
Remaining nine months of 2016 $      43,698
2017 57,924
2018 55,707
2019 42,050
2020 15,057
Thereafter 22,987
Total $ 237,423