Intangible Assets, Net

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

NOTE 4: INTANGIBLE ASSETS, NET

a. Definite-lived intangible assets:

	December 31,
	2019			2018
Original amounts:
Customer contracts and relationships	$	5,144		$	5,200
Technology		21,965	(*)		18,768	(*)
Trademarks		1,574			1,586
Total original amounts		28,683			25,554
Accumulated amortization:
Customer contracts and relationships		(4,400	)		(4,107	)
Technology		(14,183	)		(11,661	)
Trademarks		(1,134	)		(984	)
Accumulated amortization		(19,717	)		(16,752	)
Intangible assets, net	$	8,966		$	8,802

(*) Includes $14,852 and $10,971 capitalized technology as of December 31, 2019 and 2018, respectively. Capitalized technology includes $5,303 and $1,423 for which amortization has not yet begun as of December 31, 2019 and 2018, respectively.

In the fourth quarter of 2019, we have recognized an impairment loss of $224 related to R&D, an acquired intangible asset from a prior acquisition. We have determined that the benefit of the acquired R&D would not be realized. This amount has been recognized in cost of revenue.

b. The intangible assets that are subject to amortization are amortized over their estimated useful lives using the straight-line method, except for customer relations which are amortized on an accelerated basis.

The following table sets forth the weighted average remaining amortization period for the major classes of intangible assets:

	(In Years)
Customer contracts and relationships		10.6
Technology		3.6
Trademarks		2.8

c. Amortization expense for 2019 amounted to $3,755, which includes $224 of an impairment loss. Amortization expense for 2018 was $4,165.

d. The estimated aggregate amortization expenses for the succeeding fiscal years are as follows:

2020	$	2,335
2021		2,601
2022		2,435
2023		1,033
2024		138
Thereafter		424
Total	$	8,966