| Goodwill and Intangible Assets Disclosure |
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, 2025 were as follows:
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U.S. $ in thousands |
Goodwill as of January 1, 2025 |
|
$ |
99,082 |
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|
|
|
Currency translation adjustments |
|
381 |
|
Goodwill as of March 31, 2025 |
|
$ |
99,463 |
|
Other Intangible Assets
Other intangible assets consisted of the following:
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March 31, 2025 |
December 31, 2024 |
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|
Carrying Amount, net of Impairment |
Accumulated Amortization |
Net book value |
Carrying Amount, net of Impairment |
Accumulated Amortization |
Net book value |
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|
U.S. $ in thousands |
| Developed technology |
|
$ |
403,213 |
|
$ |
(322,846) |
|
$ |
80,367 |
|
$ |
402,976 |
|
$ |
(318,312) |
|
$ |
84,664 |
|
| Patents |
|
22,452 |
|
(12,152) |
|
10,300 |
|
21,902 |
|
(11,726) |
|
10,176 |
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| Trademarks and trade names |
|
22,201 |
|
(18,218) |
|
3,983 |
|
22,149 |
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(17,957) |
|
4,192 |
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| Customer relationships |
|
102,721 |
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(95,752) |
|
6,969 |
|
102,560 |
|
(95,339) |
|
7,221 |
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| Capitalized software development costs |
|
3,117 |
|
(3,117) |
|
— |
|
3,117 |
|
(3,117) |
|
— |
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|
|
$ |
553,704 |
|
$ |
(452,085) |
|
$ |
101,619 |
|
$ |
552,704 |
|
$ |
(446,451) |
|
$ |
106,253 |
|
Amortization expenses relating to intangible assets for the three-month periods ended March 31, 2025 and 2024 were approximately $5.4 million and $6.9 million, respectively.
As of March 31, 2025, the estimated amortization expenses relating to intangible assets for each of the following future periods were as follows:
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Estimated amortization expenses |
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U.S. $ in thousands |
Remaining 9 months of 2025 |
|
$ |
16,127 |
|
| 2026 |
|
21,451 |
| 2027 |
|
20,531 |
| 2028 |
|
16,432 |
| 2029 |
|
10,910 |
2030 and thereafter |
|
16,168 |
| Total |
|
$ |
101,619 |
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