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

Goodwill and Other Intangible Assets

v3.22.2.2
Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 2022 were as follows:
  
    U.S. $ in thousands
     
Goodwill as of January 1, 2022   $ 65,144  
Foreign currency translation adjustments     (300 ) 
Goodwill as of September 30, 2022   $ 64,844  

Other Intangible Assets

Other intangible assets consisted of the following:

    September 30, 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   $ 387,146   $ (276,273 )    $ 110,873     $ 406,578     $ (279,037 )    $ 127,541  
Patents     16,696     (8,681 )      8,015       16,220       (8,503 )      7,717  
Trademarks and trade names     16,261     (13,750 )      2,511       26,055       (22,241 )      3,814  
Customer relationships     93,288       (85,005 )      8,283       100,731       (87,559 )      13,172  
Capitalized software development costs     7,066       (7,066 )     
-
       7,410       (7,410 )     
-
  
    $ 520,457     $ (390,775 )    $ 129,682     $ 556,994   $ (404,750 )  $ 152,244  

Amortization expenses relating to intangible assets for the three-month periods ended September 30, 2022 and 2021 were approximately $9.0 million and $7.7 million, respectively. Amortization expenses relating to intangible assets for the nine month periods ended September 30, 2022 and 2021 were approximately $27.4 million and $23.0 million, respectively.

As of September 30, 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 3 months of 2022   $ 9,842  
2023     22,585  
2024     18,530  
2025     16,051  
2026     15,957  
2027 and thereafter     46,717  
Total   $ 129,682