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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | Note 6 – Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the six months ended June 30, 2024 were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total
Balance, beginning of period | ​ | $ | 2,984 | ​ | $ | 54,961 | ​ | $ | 57,945
Goodwill acquired | ​ | ​ | — | ​ | ​ | 250,653 | ​ | ​ | 250,653
Purchase accounting adjustments | ​ | ​ | — | ​ | ​ | (425) | ​ | ​ | (425)
Foreign currency translation adjustments | ​ |  | (76) | ​ | ​ | (339) | ​ |  | (415)
Balance, end of period | ​ | $ | 2,908 | ​ | $ | 304,850 | ​ | $ | 307,758
​ ​ Intangible assets (other than goodwill) consisted of the following at June 30, 2024 and December 31, 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | June 30, 2024 | ​ | December 31, 2023
​ |  | ​ |  | Gross |  | ​ | ​ |  | Net |  | Gross |  | ​ | ​ |  | Net
​ | ​ | Useful | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Carrying | ​ | Accumulated | ​ | Carrying
​ | ​ | Life | ​ | Amount | ​ | Amortization | ​ | Amount | ​ | Amount | ​ | Amortization | ​ | Amount
Amortizable (definite-lived) intangible assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Domain names |  | 3 ‑ 10 years | ​ | $ | 3,043 | ​ | $ | (2,281) | ​ | $ | 762 | ​ | $ | 3,043 | ​ | $ | (2,128) | ​ | $ | 915
Issued patents |  | 5 ‑ 25 years | ​ |  | 3,157 | ​ | ​ | (1,704) | ​ | ​ | 1,453 | ​ |  | 3,222 | ​ |  | (1,707) | ​ |  | 1,515
Trademarks |  | 3 ‑ 15 years | ​ |  | 3,214 | ​ | ​ | (1,124) | ​ | ​ | 2,090 | ​ |  | 1,333 | ​ |  | (817) | ​ |  | 516
Customer relationships |  | 4 ‑ 10 years | ​ |  | 18,624 | ​ | ​ | (3,222) | ​ | ​ | 15,402 | ​ |  | 5,530 | ​ |  | (3,620) | ​ |  | 1,910
Non-compete agreements |  | 3 ‑ 4 years | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ |  | 448 | ​ |  | (448) | ​ |  | —
Developed technology |  | 3 ‑ 8 years | ​ |  | 82,532 | ​ | ​ | (18,457) | ​ | ​ | 64,075 | ​ |  | 29,402 | ​ |  | (16,562) | ​ |  | 12,840
Total amortizable intangible assets |  |  | ​ |  | 110,570 | ​ |  | (26,788) | ​ |  | 83,782 | ​ |  | 42,978 | ​ |  | (25,282) | ​ |  | 17,696
Non-amortizable (indefinite-lived) intangible assets: |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Trademarks |  |  | ​ |  | 1,068 | ​ |  | — | ​ |  | 1,068 | ​ |  | 1,068 | ​ |  | — | ​ |  | 1,068
Patents and trademarks pending |  |  | ​ |  | 721 | ​ |  | — | ​ |  | 721 | ​ |  | 775 | ​ |  | — | ​ |  | 775
Total non-amortizable intangible assets |  |  | ​ |  | 1,789 | ​ |  | — | ​ |  | 1,789 | ​ |  | 1,843 | ​ |  | — | ​ |  | 1,843
Total intangible assets |  |  | ​ | $ | 112,359 | ​ | $ | (26,788) | ​ | $ | 85,571 | ​ | $ | 44,821 | ​ | $ | (25,282) | ​ | $ | 19,539
​ ​ ​ ​ ​ ​ Amortization expense of intangible assets for the three and six months ended June 30, 2024 was $3.9 million and $6.9 million, respectively. Amortization expense of intangible assets for the three and six months ended June 30, 2023 was $1.0 million and $1.9 million, respectively. Estimated amortization for intangible assets with definite lives for the remaining six months of 2024, the next five years ended December 31, and thereafter, is as follows (in thousands): ​
​ | ​ | ​ | ​
2024 remaining |  | $ | 7,679
2025 | ​ |  | 12,532
2026 | ​ |  | 12,335
2027 | ​ |  | 11,394
2028 | ​ |  | 11,283
2029 | ​ |  | 11,099
Thereafter | ​ |  | 17,460
Total | ​ | $ | 83,782
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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