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Intangible assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets are recorded at cost, or when acquired as a part of a business combination, at estimated fair value, less accumulated amortization. These assets are amortized on a straight-line basis over the useful lives of the assets, which the Company believes is consistent with the pattern of economic benefit provided by the assets.
|  |  |  | December 31, |
(U.S. Dollars, in thousands) |  | Weighted Average Amortization Period |  | 2024 |  |  | 2023 |
Cost |  |  |  |  |  |  |  |
Developed technology |  | 7.9 years |  | $ | 92,686 |  |  | $ | 92,416 |
Patents |  | 10.0 years |  |  | 38,329 |  |  |  | 43,262 |
IPR&D |  | Indefinite |  |  | 4,116 |  |  |  | 4,674 |
Customer relationships |  | 12.5 years |  |  | 49,145 |  |  |  | 49,197 |
License and other |  | 9.7 years |  |  | 18,359 |  |  |  | 24,584 |
Trademarks—finite lived |  | 10.0 years |  |  | 1,735 |  |  |  | 1,797 |
|  | 9.7 years |  |  | 204,370 |  |  |  | 215,930 |
Accumulated amortization |  |  |  |  |  |  |  |
Developed technology |  |  |  | $ | (40,813 | ) |  | $ | (28,898 | )
Patents |  |  |  |  | (35,918 | ) |  |  | (40,494 | )
Customer relationships |  |  |  |  | (17,044 | ) |  |  | (11,988 | )
License and other |  |  |  |  | (10,892 | ) |  |  | (16,240 | )
Trademarks—finite lived |  |  |  |  | (900 | ) |  |  | (820 | )
|  |  |  |  | (105,567 | ) |  |  | (98,440 | )
Intangible assets, net |  |  |  | $ | 98,803 |  |  | $ | 117,490 |
Schedule of Future Amortization Expense | Future amortization expense for intangible assets is estimated as follows:
(U.S. Dollars, in thousands) |  | Amortization |
2025 |  | $ | 19,859 |
2026 |  |  | 18,780 |
2027 |  |  | 18,418 |
2028 |  |  | 15,043 |
2029 |  |  | 7,139 |
Thereafter |  |  | 15,448 |
Total finite-lived intangible assets, net |  | $ | 94,687 |
Indefinite-lived intangible assets |  |  | 4,116 |
Intangible assets, net |  | $ | 98,803 |

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- Definition Tabular disclosure of finite lived and indefinite lived intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. + References No definition available. + Details
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