Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Note 6. Goodwill and Other Intangible Assets

Goodwill

Changes in the carrying amount of the Company’s goodwill during the six months ended June 30, 2022 were as follows:

		U.S. $ in thousands
Goodwill as of January 1, 2022	$	65,144
Foreign currency translation adjustments		(185	)
Goodwill as of June 30, 2022	$	64,959

Other Intangible Assets

Other intangible assets consisted of the following:

	June 30, 2022							December 31, 2021
		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	$	382,436	$	(269,440	)	$	112,996	$	406,578	$	(279,037	)	$	127,541
Patents		15,567		(8,079	)		7,488		16,220		(8,503	)		7,717
Trademarks and trade names		16,732		(13,467	)		3,265		26,055		(22,241	)		3,814
Customer relationships		93,475		(83,567	)		9,908		100,731		(87,559	)		13,172
Capitalized software development costs		7,066		(7,066	)		-		7,410		(7,410	)		-
	$	515,276	$	(381,619	)	$	133,657	$	556,994	$	(404,750	)	$	152,244

Amortization expenses relating to intangible assets for the three-month periods ended June 30, 2022 and 2021 were approximately $9.2 million and $7.7 million, respectively. Amortization expenses relating to intangible assets for the six month periods ended June 30, 2022 and 2021 were approximately $18.4 million and $15.2 million, respectively.

As of June 30, 2022, the estimated amortization expenses relating to intangible assets for each of the following future periods were as follows:

		Estimated
		amortization expense
		(U.S. $ in thousands)
Remaining 6 months of 2022	$	18,705
2023		22,058
2024		18,048
2025		15,577
2026		15,501
2027 and thereafter		43,768
Total	$	133,657