v3.22.4
GOODWILL IMPAIRMENT AND OTHER OPERATING EXPENSES (INCOME), NET
 12 Months Ended
Dec. 31, 2022
Other Operating Income Expenses [Abstract]  
GOODWILL IMPAIRMENT AND OTHER OPERATING EXPENSES (INCOME), NET

NOTE 22: GOODWILL IMPAIRMENT AND OTHER OPERATING EXPENSES (INCOME), NET

   
Year ended December 31,
  
   
2022
    
2021
    
2020
  
Impairment of goodwill 1
  
$
90,104
    
$
-
    
$
-
  
Impairment of long-lived assets 2
    
29,037
      
2,209
      
1,471
  
Sale of assets
    
(2,603
)
    
-
      
-
  
SolarEdge Korea (formerly Kokam) purchase escrow 3
    
-
      
(859
)
    
(4,900
)
Total goodwill impairment and other operating expenses (income)
  
$
116,538
    
$
1,350
    
$
(3,429
)
 
1 In June 2022, the Company decided to discontinue its stand-alone Critical Power activities. The Company recorded a loss related to its Critical Power business in the amount of $2,782 (see Note 9). In addition, in October 2022, as a result of an impairment test performed on the e-Mobility and Automation Machines reporting units, the Company recorded a loss of $80,534 and $6,788, respectively (see Note 9).
 
2 In October 2022, the Company recorded a loss of $26,917 and $245 as a result of an impairment test performed on e-Mobility and Automation Machines, respectively, a loss of $1,226 due to the discontinuance of Critical Power activities (see Note 8) and other miscellaneous items.
 
3 In the year ended December 31, 2021, the Company received a payment of $859 out of the SolarEdge Korea (formerly Kokam) acquisition escrow, with regards to a working capital adjustment. In the year ended December 31, 2020, the Company was indemnified for an amount of $4,900 out of the escrow, with regards to a legal claim of SolarEdge Korea (formerly Kokam) that was settled in arbitration.