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, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Note 4. Goodwill and Other Intangible Assets

Goodwill

Changes in the carrying amount of our goodwill for the three months ended March 31, 2013, are as follows (in thousands):

	Carrying
	Amount
Balance at December 31, 2012	$	822,475

Effect of currency translation		(25	)

Balance at March 31, 2013	$	822,450

Other Intangible Assets

Other intangible assets consisted of the following at March 31 (in thousands):

	March 31, 2013				December 31, 2012
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
Developed technology	$	385,759	$	19,182	$	385,735	$	9,058
Capitalized software development costs		15,966		13,233		15,831		12,996
Patents		13,645		5,337		13,533		4,952
Trademarks and trade names		16,858		1,029		16,877		592
Customer relationships		77,779		3,075		77,779		1,172
Non-compete agreement		350		224		350		194
In-process research and development		29,231		-		29,231		-

		539,588	$	42,080		539,336	$	28,964
Accumulated amortization		42,080				28,964
Net book value of amortizable intangible assets	$	497,508			$	510,372

Changes in the gross carrying amount of our other intangible assets for the three months ended March 31, 2013, are as follows (in thousands):

	Gross
	Carrying
	Amount
Balance at December 31, 2012	$	539,336

Patents, trademarks and capitalized software		252

Balance at March 31, 2013	$	539,588

Amortization expense for the three month periods ended March 31, 2013 and 2012 was $13.1 million and $1.1 million, respectively.

Estimated amortization expense, for all intangible assets, for the five years subsequent to December 31, 2012 was follows (in thousands):

Year ending December 31,
2013	$	52,468
2014		54,022
2015		54,166
2016		54,023
2017	$	53,551

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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