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

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

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Note 6. Goodwill and Other Intangible Assets

Goodwill

Changes in the carrying amount of the Company’s goodwill during the three months ended March 31, 2022 were as follows:

		U.S. $ in thousands

Goodwill as of January 1, 2022	$	65,144
Foreign currency translation adjustments		(55)
Goodwill as of March 31, 2022	$	65,089

Other Intangible Assets

Other intangible assets consisted of the following:

	March 31, 2022							December 31, 2021
		Carrying Amount,					Net		Carrying Amount,					Net
		Net of		Accumulated			Book		Net of		Accumulated			Book
		Impairment		Amortization			Value		Impairment		Amortization			Value
	U.S. $ in thousands
Developed technology	$	406,371	$	(285,972	)	$	120,399	$	406,578	$	(279,037	)	$	127,541
Patents		16,655		(8,823	)		7,832		16,220		(8,503	)		7,717
Trademarks and trade names		26,062		(22,522	)		3,540		26,055		(22,241	)		3,814
Customer relationships		100,619		(89,073	)		11,546		100,731		(87,559	)		13,172
Capitalized software development costs		7,066		(7,066	)		-		7,410		(7,410	)		-
	$	556,773	$	(413,456	)	$	143,317	$	556,994	$	(404,750	)	$	152,244

Amortization expenses relating to intangible assets for the three-month period ended March 31, 2022 and 2021 were approximately $9.2 million and $7.5 million, respectively.

As of March 31, 2022, the estimated amortization expenses relating to intangible assets for each of the following future periods were as follows:

		Estimated
		amortization expense
		(U.S. $ in thousands)
Remaining 9 months of 2022	$	27,706
2023		22,164
2024		18,256
2025		15,662
2026		15,591
2027 and thereafter		43,938
Total	$	143,317