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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET

NOTE 6:-GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Changes in the carrying amount of goodwill:

 

 

December 31,

 

 

 

2021

 

 

2022

 

 

 

 

 

 

 

 

Balance as of beginning of the year

 

$

123,717

 

 

$

123,717

 

Goodwill acquired

 

 

-

 

 

 

29,524

 

 

 

 

 

 

 

 

 

 

Closing balance

 

$

123,717

 

 

$

153,241

 

The composition of intangible assets is as follows:

 

 

December 31,

 

 

 

2021

 

 

2022

 

 

 

 

 

 

 

 

Original amount:

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology

 

$

39,625

 

 

$

55,922

 

Customer relationships

 

 

9,586

 

 

 

9,586

 

Other

 

 

664

 

 

 

664

 

 

 

 

 

 

 

 

 

 

 

 

 

49,875

 

 

 

66,172

 

 

 

 

 

 

 

 

 

 

Less - accumulated amortization

 

 

32,009

 

 

 

38,664

 

 

 

 

 

 

 

 

 

 

Intangible assets, net

 

$

17,866

 

 

$

27,508

 

Amortization expense amounted to $8,841, $5,810 and $6,655 for the years ended December 31, 2020, 2021, and 2022, respectively.

As of December 31, 2022, the weighted-average remaining useful lives (in years) of Technology and Customer relationships was 3.9 and 8.9, respectively.

The estimated future amortization expense of intangible assets as of December 31, 2022 is as follows:

2023

 

 

7,365

 

2024

 

 

7,318

 

2025

 

 

4,885

 

2026

 

 

3,477

 

2027

 

 

2,563

 

Thereafter

 

 

1,900

 

 

 

 

 

 

 

 

$

27,508