Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Other Intangible Assets, Net

v3.19.3.a.u2
Other Intangible Assets, Net
12 Months Ended
Dec. 31, 2019
Other Intangible Assets [Abstract]  
Other Intangible Assets, Net

Note 8. Other Intangible Assets, Net

Other intangible assets consisted of the following:

 

 

December 31, 2019

 

 

December 31, 2018

 

 

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

 

$

299,100

 

 

$

(252,136

)

 

$

46,964

 

 

$

299,100

 

 

$

(236,375

)

 

$

62,725

 

Patents

 

 

15,142

 

 

 

(7,067

)

 

 

8,075

 

 

 

10,127

 

 

 

(5,752

)

 

 

4,375

 

Trademarks and trade names

 

 

25,991

 

 

 

(19,966

)

 

 

6,025

 

 

 

26,212

 

 

 

(19,067

)

 

 

7,145

 

Customer relationships

 

 

102,936

 

 

 

(76,813

)

 

 

26,123

 

 

 

102,984

 

 

 

(70,353

)

 

 

32,631

 

Capitalized software development costs

 

 

18,630

 

 

 

(18,489

)

 

 

141

 

 

 

19,540

 

 

 

(19,142

)

 

 

398

 

 

 

$

461,799

 

 

$

(374,471

)

 

$

87,328

 

 

$

457,963

 

 

$

(350,689

)

 

$

107,274

 

Amortization expense

Amortization expense relating to intangible assets for the years ended December 31, 2019, 2018 and 2017, was approximately $25.2 million, $32.4 million and $35.0 million, respectively. The decrease in amortization expense in 2019 was primarily due to change in the estimated useful lives of certain intangibles assets as of December 31, 2018.

As of December 31, 2019, estimated future amortization expense relating to definite life intangible assets for each of the next five years and thereafter were as follows:

 

 

Estimated amortization

 

 

expense

Year ending December 31,

 

(U.S. $ in thousands)

2020

 

$

24,792

2021

 

 

24,667

2022

 

 

24,598

2023

 

 

7,662

2024

 

 

3,605

Thereafter

 

 

2,004

Total

 

$

87,328

During the years ended December 31, 2018 and 2017, the Company recorded impairment charges of $2.2 million in each of the two years, related to its definite life intangible assets. No impairment charges were recorded during 2019.