Report of foreign issuer [Rules 13a-16 and 15d-16]

Goodwill and Other Intangible Assets

v3.25.3
Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2025
Disclosure Text Block Supplement [Abstract]  
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 nine months ended September 30, 2025 were as follows:
(U.S. $ in thousands)
Goodwill as of January 1, 2025
 $ 99,082 
Goodwill acquired 651 
Currency translation adjustments
 1,782 
Goodwill as of September 30, 2025
 $ 101,515 
Other Intangible Assets
Other intangible assets consisted of the following:
September 30, 2025 December 31, 2024
Carrying Amount, net of Impairment Accumulated Amortization Net book value   Carrying Amount, net of Impairment Accumulated Amortization Net book value
(U.S. $ in thousands)
Developed technology $ 406,434  $ (332,035) $ 74,399  $ 402,976  $ (318,312) $ 84,664 
Patents 29,808  (13,031) 16,777  21,902  (11,726) 10,176 
Trademarks and trade names 22,394  (18,804) 3,590  22,149  (17,957) 4,192 
Customer relationships 103,145  (96,644) 6,501  102,560  (95,339) 7,221 
Capitalized software development costs 3,292  (3,292) —  3,117  (3,117) — 
$ 565,073  $ (463,806) $ 101,267  $ 552,704  $ (446,451) $ 106,253 
Amortization expenses relating to intangible assets for the three-month periods ended September 30, 2025 and 2024 were approximately $5.6 million and $5.6 million, respectively. Amortization expenses relating to intangible assets for the nine-month periods ended September 30, 2025 and 2024 were approximately $16.5 million and $18.2 million, respectively.
As of September 30, 2025, the estimated amortization expenses relating to intangible assets for each of the following future periods were as follows:
Estimated Amortization Expenses
(U.S. $ in thousands)
Remaining 3 months of 2025
 $ 5,695 
2026 22,735 
2027 21,771 
2028 17,541 
2029 11,782 
2030 and thereafter
 21,743 
Total $ 101,267