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

Other Intangible Assets, Net

v3.20.4
Other Intangible Assets, Net
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets, Net

Note 8. Other Intangible Assets, Net

Other intangible assets consisted of the following:

 

    December 31, 2020   December 31, 2019
    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     357,863       (260,123     97,740       299,100       (252,136     46,964  
Patents     17,699       (8,487     9,212       15,142       (7,067     8,075  
Trademarks and trade names     26,036       (21,114     4,922       25,991       (19,966     6,025  
Customer relationships     101,107       (81,413     19,695       102,936       (76,813     26,123  
Capitalized software development costs     7,410       (7,410    
-
      18,630       (18,489     141  
                           
      510,115       (378,547     131,569       461,799       (374,471     87,328  

Amortization expenses

Amortization expense relating to intangible assets for the years ended December 31, 2020, 2019 and 2018, was approximately $24.3 million, $25.2 million and $32.4 million, respectively. The decrease in amortization expense in 2020 and 2019 was primarily due to change in the estimated useful lives of certain intangibles assets as of December 31, 2018.

As of December 31, 2020, estimated future amortization expense relating to definite life intangible assets for each of the next five years and thereafter were as follows:

 

    Estimated amortization expenses
Year ending December 31,   (U.S. $ in thousands)
2021 30,092
2022   30,036
2023   14,439
2024   10,544
2025   8,006
2026 and thereafter   38,452
Total   131,569

During the years ended December 31, 2020 and 2018, the Company recorded impairment charges of $5.3 million and $2.2 million, respectively, related to its definite life intangible assets. No impairment charges were recorded during 2019.