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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | The changes in the carrying amount of goodwill for the nine months ended September 30, 2024 were as follows (in thousands):
| TASER |  | Software and Sensors |  | Total
Balance, beginning of period | $ | 2,984 |  | $ | 54,961 |  | $ | 57,945
Goodwill acquired | — |  | 250,653 |  | 250,653
Purchase accounting adjustments | — |  | (364) |  |  | (364) |
Foreign currency translation adjustments | (14) |  |  | 252 |  |  | 238 |
Balance, end of period | $ | 2,970 |  | $ | 305,502 |  | $ | 308,472
Schedule of intangible assets other than goodwill | Intangible assets (other than goodwill) consisted of the following at September 30, 2024 and December 31, 2023 (in thousands):
|  |  | September 30, 2024 |  | December 31, 2023
| Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizable (definite-lived) intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 3 ‑ 8 years |  | $ | 82,531 |  |  | $ | (21,478) |  |  | $ | 61,053 |  |  | $ | 29,402 |  |  | $ | (16,562) |  |  | $ | 12,840 |
Customer relationships | 4 ‑ 10 years |  | 18,649 |  |  | (3,730) |  |  | 14,919 |  |  | 5,530 |  |  | (3,620) |  |  | 1,910 |
Trademarks | 3 ‑ 15 years |  | 3,214 |  |  | (1,312) |  |  | 1,902 |  |  | 1,333 |  |  | (817) |  |  | 516 |
Issued patents | 5 ‑ 25 years |  | 3,019 |  |  | (1,553) |  |  | 1,466 |  |  | 3,222 |  |  | (1,707) |  |  | 1,515 |
Domain names | 3 ‑ 10 years |  | 3,043 |  |  | (2,357) |  |  | 686 |  |  | 3,043 |  |  | (2,128) |  |  | 915 |
Non-compete agreements | 3 ‑ 4 years |  | — |  |  | — |  |  | — |  |  | 448 |  |  | (448) |  |  | — |
Total amortizable intangible assets |  |  | 110,456 |  |  | (30,430) |  |  | 80,026 |  |  | 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 |  |  | 654 |  |  | — |  |  | 654 |  |  | 775 |  |  | — |  |  | 775 |
Total non-amortizable intangible assets |  |  | 1,722 |  |  | — |  |  | 1,722 |  |  | 1,843 |  |  | — |  |  | 1,843 |
Total intangible assets |  |  | $ | 112,178 |  |  | $ | (30,430) |  |  | $ | 81,748 |  |  | $ | 44,821 |  |  | $ | (25,282) |  |  | $ | 19,539 |
Schedule of estimated amortization expense of intangible assets | Estimated amortization for intangible assets with definite lives for the remaining three months of 2024, the next five years ended December 31, and thereafter, is as follows (in thousands):
2024 remaining | $ | 3,840 |
2025 | 12,536 |
2026 | 12,341 |
2027 | 11,400 |
2028 | 11,289 |
2029 | 11,105 |
Thereafter | 17,515 |
Total | $ | 80,026 |

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