| INTANGIBLE ASSETS AND GOODWILL, NET |
NOTE 8: INTANGIBLE ASSETS AND GOODWILL, NET
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
|
|
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
|
|
|