INTANGIBLE ASSETS AND GOODWILL

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS AND GOODWILL

NOTE 3:-INTANGIBLE ASSETS AND GOODWILL

Acquired intangible assets and goodwill consisted of the following:

	As of September 30, 2019			As of December 31, 2018
	(Unaudited)
Intangible assets with finite lived:
Current technology	$	28,775		$	30,821
Customer relationships		3,640			3,857
Trade names		3,456			3,721
Patents		1,400			1,400
Gross intangible assets		37,271			39,799
Less - accumulated amortization		(4,538	)		(1,295	)
Total intangible assets, net		32,733			38,504
Goodwill:
Goodwill from business combinations		34,874			34,445
Foreign currency translation		(2,282	)		429
Goodwill		32,592			34,874
Intangible assets with finite lived, net and goodwill resulted from SMRE Acquisition		135,470			-
Total Intangible assets with finite lived, net and goodwill	$	200,795		$	73,378

F - 16

SOLAREDGE TECHNOLOGIES, INC.

AND ITS SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

U.S. dollars in thousands (except share and per share data)

NOTE 3:-INTANGIBLE ASSETS AND GOODWILL (Cont.)

Amortization expenses for the three months ended September 30, 2019 (unaudited) and 2018 (unaudited) were $2,619 and $332, respectively.

Amortization expenses for the nine months ended September 30, 2019 (unaudited) and 2018 (unaudited) were $7,514 and $404, respectively.

The reported amount of net acquisition-related intangible assets and goodwill can fluctuate due to the impact of changes in foreign currency exchange rates on intangible assets and goodwill not denominated in U.S. dollars.

Acquired finite-lived intangible assets are amortized on a straight-line basis or accelerated method over the estimated useful lives of the assets. The Company will amortize its finite-lived intangible assets over a period of 2-13 years.