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INTANGIBLE ASSETS, NET | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS, NET | NOTE 9: INTANGIBLE ASSETS, NET I n October 2023, the Company has decided to cease the use of SolarEdge Korea's (formerly Kokam) trade name and solar technology, as such, the Company recognized an impairment charge of $4,798 and the assets were disposed. In June 2022, the Company decided to discontinue its stand-alone uninterrupted power supply activities or UPS (“Critical Power”). The Company recorded a loss in the amount of $1,226 pertaining to Critical Power's current technology and customer relationships. In October 2022, following the e-Mobility and Automation Machines reporting unit’s analysis, an impairment test for long-lived assets was performed. The test included comparing the sum of the estimated undiscounted future cash flow attributable to the identified assets group and its carrying amounts, and recognizing an impairment for the amount to which the carrying amount exceeds the fair value of the assets groups. As a result, the Company recorded a current technology impairment of $26,917 related to e-Mobility's asset group and a $245 trade name impairment related to Automation Machines' asset group. The impairments are recorded under Other operating expenses, net in the consolidated statement of income (see Note 23) additional information. Acquired intangible assets consisted of the following as of December 31, 2023, and 2022:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
Intangible assets with finite lives: |  |  |  |  |  |
Current Technology |  | $ | 26,990 |  |  | $ | 29,196 |
Customer relationships |  |  | 3,193 |  |  |  | 2,958 |
Trade names |  |  | 624 |  |  |  | 3,287 |
Assembled workforce |  |  | 3,575 |  |  |  | 3,575 |
Patents |  |  | 22,000 |  |  |  | 1,400 |
Gross intangible assets |  |  | 56,382 |  |  |  | 40,416 |
Less - accumulated amortization |  |  | (21,037 | ) |  |  | (20,487 | )
Total intangible assets, net |  | $ | 35,345 |  |  | $ | 19,929 |
Amortization expenses for the years ended December 31, 2023, 2022 and 2021, were $7,652, $9,096 and $10,176, respectively. Expected future amortization expenses of intangible assets as of December 31, 2023 are as follows:
2024 |  | $ | 7,415 |
2025 |  |  | 6,518 |
2026 |  |  | 5,930 |
2027 |  |  | 3,762 |
2028 |  |  | 2,612 |
2029 and thereafter |  |  | 9,108 |
|  | $ | 35,345 |

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