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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the three months ended March 31, 2025 were as follows (in thousands):
| Connected Devices |  | Software and Services |  | Total
Balance, beginning of period (1) | $ | 46,674 |  | $ | 710,164 |  | $ | 756,838
Purchase accounting adjustments | (160) |  | (2,535) |  |  | (2,695) |
Foreign currency translation adjustments | 119 |  |  | 1,620 |  |  | 1,739 |
Balance, end of period | $ | 46,633 |  | $ | 709,249 |  | $ | 755,882
(1)Due to the Segment Realignment, the beginning goodwill balances have been recast to conform to the new segment presentation. Refer to Note 1 for additional details. Intangible assets (other than goodwill) consisted of the following at March 31, 2025 and December 31, 2024 (in thousands):
|  |  | March 31, 2025 |  | December 31, 2024
| 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 |  | $ | 133,572 |  |  | $ | (26,299) |  |  | $ | 107,273 |  |  | $ | 118,322 |  |  | $ | (21,337) |  |  | $ | 96,985 |
Customer relationships | 5 ‑ 10 years |  | 33,482 |  |  | (5,728) |  |  | 27,754 |  |  | 33,223 |  |  | (4,716) |  |  | 28,507 |
Issued trademarks | 3 ‑ 23 years |  | 6,706 |  |  | (2,265) |  |  | 4,441 |  |  | 6,706 |  |  | (1,784) |  |  | 4,922 |
Issued patents | 8 ‑ 26 years |  | 2,963 |  |  | (1,478) |  |  | 1,485 |  |  | 2,931 |  |  | (1,470) |  |  | 1,461 |
Domain names | 5 ‑ 10 years |  | 3,043 |  |  | (2,510) |  |  | 533 |  |  | 3,043 |  |  | (2,433) |  |  | 610 |
Total amortizable |  |  | 179,766 |  |  | (38,280) |  |  | 141,486 |  |  | 164,225 |  |  | (31,740) |  |  | 132,485 |
Non-amortizable (indefinite-lived) intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
In-process research and development(1) |  |  | 25,750 |  | — |  | 25,750 |  | 41,000 |  | — |  | 41,000
Trademarks |  |  | 1,068 |  |  | — |  |  | 1,068 |  |  | 1,068 |  |  | — |  |  | 1,068 |
Patents and trademarks pending |  |  | 530 |  |  | — |  |  | 530 |  |  | 604 |  |  | — |  |  | 604 |
Total non-amortizable |  |  | 27,348 |  |  | — |  |  | 27,348 |  |  | 42,672 |  |  | — |  |  | 42,672 |
Total intangible assets |  |  | $ | 207,114 |  |  | $ | (38,280) |  |  | $ | 168,834 |  |  | $ | 206,897 |  |  | $ | (31,740) |  |  | $ | 175,157 |
(1) Consists of in-process research and development costs pertaining to the acquisition of Dedrone. During the three months ended March 31, 2025, approximately $15.3 million has been placed into service. Amortization expense of intangible assets for the three months ended March 31, 2025 and March 31, 2024 was $6.6 million and $3.0 million, respectively. Estimated amortization for intangible assets with definite lives for the remaining nine months of 2025, the next five years ended December 31, and thereafter, is as follows (in thousands):
2025 remaining | $ | 20,116 |
2026 | 26,744 |
2027 | 25,512 |
2028 | 24,526 |
2029 | 22,291 |
2030 | 13,302 |
Thereafter | 8,995 |
Total | $ | 141,486 |

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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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