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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the years ended December 31, 2024 and December 31, 2023 were as follows (in thousands):
| Year Ended December 31, 2024 |  | Year Ended December 31, 2023
| TASER |  | Software and Sensors |  | Total |  | TASER |  | Software and Sensors |  | Total
Balance, beginning of period | $ | 2,984 |  |  | $ | 54,961 |  |  | $ | 57,945 |  |  | $ | 2,957 |  |  | $ | 42,026 |  |  | $ | 44,983 |
Goodwill acquired | — |  | 701,695 |  |  | 701,695 |  |  | — |  | 12,751 |  |  | 12,751 |
Purchase accounting adjustments | — |  | (479) |  |  | (479) |  |  | — |  | (19) |  |  | (19) |
Foreign currency translation adjustments | (131) |  | (2,192) |  |  | (2,323) |  |  | 27 |  | 203 |  |  | 230 |
Balance, end of period | $ | 2,853 |  |  | $ | 753,985 |  |  | $ | 756,838 |  |  | $ | 2,984 |  |  | $ | 54,961 |  |  | $ | 57,945 |
There were no accumulated impairment losses as of December 31, 2024 and 2023. Intangible assets (other than goodwill) consisted of the following at December 31, 2024 and December 31, 2023 (in thousands):
|  |  | December 31, 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 |  | $ | 118,322 |  | $ | (21,337) |  | $ | 96,985 |  | $ | 29,402 |  | $ | (16,562) |  |  | $ | 12,840
Customer relationships | 5 ‑ 10 years |  | 33,223 |  | (4,716) |  |  | 28,507 |  | 5,530 |  | (3,620) |  |  | 1,910
Issued trademarks | 3 ‑ 23 years |  | 6,706 |  | (1,784) |  |  | 4,922 |  | 1,333 |  | (817) |  |  | 516
Issued patents | 8 ‑ 26 years |  | 2,931 |  | (1,470) |  |  | 1,461 |  | 3,222 |  | (1,707) |  |  | 1,515
Domain names | 5 ‑ 10 years |  | 3,043 |  | (2,433) |  |  | 610 |  | 3,043 |  | (2,128) |  |  | 915
Non-compete agreements |  |  | — |  | — |  |  | — |  | 448 |  | (448) |  |  | —
Total amortizable |  |  | 164,225 |  | (31,740) |  | 132,485 |  | 42,978 |  | (25,282) |  | 17,696
Non-amortizable (indefinite-lived) intangible assets: |  |  |  |  |  |  |  |  |  |
In-process research and development(1) |  | 41,000 |  | — |  | 41,000 |  | — |  | — |  | —
Trademarks |  |  | 1,068 |  | — |  | 1,068 |  | 1,068 |  | — |  | 1,068
Patents and trademarks pending |  | 604 |  | — |  | 604 |  | 775 |  | — |  | 775
Total non-amortizable |  |  | 42,672 |  | — |  | 42,672 |  | 1,843 |  | — |  | 1,843
Total intangible assets |  |  | $ | 206,897 |  | $ | (31,740) |  | $ | 175,157 |  | $ | 44,821 |  | $ | (25,282) |  | $ | 19,539
(1) Consists of in-process research and development costs pertaining to the acquisition of Dedrone. For additional details, refer to Note 21. Amortization expense of intangible assets was $17.4 million, $4.5 million and $4.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated amortization for intangible assets with definite lives for the next five years ended December 31, and thereafter, is as follows (in thousands):
2025 | $ | 23,850
2026 | 23,655
2027 | 22,423
2028 | 21,437
2029 | 19,203
Thereafter | 21,917
Total | $ | 132,485

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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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