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Segment Data (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Reportable Segments | Information relative to our reportable segments was as follows (in thousands):
| For the year ended December 31, 2024
| TASER |  | Software and Sensors |  | Total
Net sales from products | $ | 763,761 |  |  | $ | 457,531 |  |  | $ | 1,221,292 |
Net sales from services | 54,912 |  |  | 806,322 |  |  | 861,234 |
Net sales | 818,673 |  |  | 1,263,853 |  |  | 2,082,526 |
Cost of sales | 338,642 |  |  | 502,504 |  |  | 841,146 |
Other segment items(1) | 34,937 |  |  | 39,130 |  |  | 74,067 |
Adjusted gross margin | $ | 514,968 |  |  | $ | 800,479 |  |  | $ | 1,315,447 |
Other segment items(1) |  | 74,067 |
Selling, general and administrative |  | 741,247 |
Research and development |  | 441,593 |
Interest income, net |  | 36,595 |
Other income (loss), net |  | 286,369 |
Income before provision for income taxes |  | $ | 381,504 |
(1) Other segment items includes the adjustment for noncash stock-based compensation expense, amortization of acquired intangible assets, and inventory step-up amortization related to acquisitions to arrive at the profit measure used by the CODM
| For the year ended December 31, 2023
| TASER |  | Software and Sensors |  | Total
Net sales from products | $ | 577,610 |  |  | $ | 386,392 |  |  | $ | 964,002 |
Net sales from services | 35,900 |  |  | 560,797 |  |  | 596,697 |
Net sales | 613,510 |  |  | 947,189 |  |  | 1,560,699 |
Cost of sales | 241,977 |  |  | 363,269 |  |  | 605,246 |
Other segment items(1) | 2,235 |  |  | 7,504 |  |  | 9,739 |
Adjusted gross margin | $ | 373,768 |  |  | $ | 591,424 |  |  | $ | 965,192 |
Other segment items(1) |  | 9,739 |
Selling, general and administrative |  | 494,884 |
Research and development |  | 303,719 |
Interest income, net |  | 42,112 |
Other income (loss), net |  | (41,901) |
Income before provision for income taxes |  | $ | 157,061 |
(1) Other segment items includes the adjustment for noncash stock-based compensation expense and amortization of acquired intangible assets to arrive at the profit measure used by the CODM
| For the year ended December 31, 2022
| TASER |  | Software and Sensors |  | Total
Net sales from products | $ | 511,057 |  |  | $ | 286,120 |  |  | $ | 797,177 |
Net sales from services | 19,987 |  |  | 369,979 |  |  | 389,966 |
Net sales | 531,044 |  |  | 656,099 |  |  | 1,187,143 |
Cost of sales | 195,239 |  |  | 265,791 |  |  | 461,030 |
Other segment items(1) | 1,562 |  |  | 5,708 |  |  | 7,270 |
Adjusted gross margin | $ | 337,367 |  |  | $ | 396,016 |  |  | $ | 733,383 |
Other segment items(1) |  | 7,270 |
Selling, general and administrative |  | 399,330 |
Research and development |  | 233,810 |
Interest income, net |  | 4,294 |
Other income (loss), net |  | 98,971 |
Income before provision for income taxes |  | $ | 196,238 |
(1) Other segment items includes the adjustment for noncash stock-based compensation expense and amortization of acquired intangible assets to arrive at the profit measure used by the CODM The following table presents supplemental information included within the measure of profit or loss, adjusted gross margin, reviewed by our CODM (in thousands). There are no other material items presented to our CODM by segment or included within adjusted gross margin for supplemental disclosure.
| Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  | Year Ended December 31, 2022
| TASER | S | Software and Sensors |  | Total |  | TASER |  | Software and Sensors |  | Total |  | TASER |  | Software and Sensors |  | Total
Depreciation and amortization | $ | 18,789 |  |  | $ | 16,592 |  |  | $ | 35,381 |  |  | $ | 12,346 |  |  | $ | 5,223 |  |  | $ | 17,569 |  |  | $ | 7,049 |  |  | $ | 4,082 |  |  | $ | 11,131 |
Significant noncash items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation expense | 34,906 |  |  | 25,183 |  |  | 60,089 |  |  | 2,234 |  |  | 4,361 |  |  | 6,595 |  |  | 1,561 |  |  | 3,046 |  |  | 4,607 |
Provisions for inventory | 4,508 |  |  | 12,091 |  |  | 16,599 |  |  | 3,642 |  |  | 752 |  |  | 4,394 |  |  | — |  |  | — |  |  | — |
Warranty reserve expense | 4,743 |  |  | 849 |  |  | 5,592 |  |  | 7,325 |  |  | 737 |  |  | 8,062 |  |  | 53 |  |  | 145 |  |  | 198 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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