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INTANGIBLE ASSETS AND GOODWILL, NET
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL, NET

NOTE 8: INTANGIBLE ASSETS AND GOODWILL, NET

a.
Intangible assets:
 
Acquired intangible assets consisted of the following as of December 31, 2021, and 2020:

 

 

As of December 31,

 

 

 

2021

   

2020

 

Intangible assets with finite lives:

 

 

 

   

 

 

 

Current Technology

 

$

74,976

   

$

78,375

 

Customer relationships

 

 

3,946

   

 

4,227

 

Trade names

 

 

3,929

   

 

4,280

 

Assembled workforce

 

 

3,575

   

 

-

 

Patents

 

 

1,400

   

 

1,400

 

Gross intangible assets

 

 

87,826

   

 

88,282

 

Less - accumulated amortization

 

 

(28,965

)
 

 

(20,464

)

Total intangible assets, net

 

$

58,861

   

$

67,818

 

Amortization expenses for the years ended December 31, 2021, 2020 and 2019, were $10,176, $9,479 and $9,634, respectively.

Expected future amortization expenses of intangible assets as of December 31, 2021 are as follows:

 

2022

 

 

10,755

 

2023

 

 

10,741

 

2024

 

 

10,176

 

2025

 

 

9,142

 

2026

 

 

8,356

 

2027 and thereafter

 

 

9,691

 

 

 

 

58,861

 
b.
Goodwill:
 
The following summarizes the goodwill activity for the year ended December 31, 2021, and 2020:

 

 

Solar

 

 

All other

 

 

Total

 

Goodwill at December 31, 2019

 

$

31,265

 

 

$

98,389

 

 

$

129,654

 

Changes during the year:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency adjustments

 

 

1,990

 

 

 

8,835

 

 

 

10,825

 

Goodwill at December 31, 2020

 

 

33,255

 

 

 

107,224

 

 

 

140,479

 

Changes during the year:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency adjustments

 

 

(2,750

)

 

 

(8,100

)

 

 

(10,850

)

Goodwill at December 31, 2021

 

$

30,505

 

 

$

99,124

 

 

$

129,629