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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 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 six months ended June 30, 2025 were as follows (in thousands):
| Connected Devices |  | Software and Services |  | Total
Balance, beginning of period (1) | $ | 46,674 |  |  | $ | 710,164 |  |  | $ | 756,838 |
Goodwill acquired | 4,733 |  |  | — |  |  | 4,733 |
Purchase accounting adjustments | (285) |  |  | (2,307) |  |  | (2,592) |
Foreign currency translation adjustments | 383 |  |  | 2,883 |  |  | 3,266 |
Balance, end of period | $ | 51,505 |  |  | $ | 710,740 |  |  | $ | 762,245 |
(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 June 30, 2025 and December 31, 2024 (in thousands):
|  |  | June 30, 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 |  |  | $ | (31,486) |  |  | $ | 102,086 |  |  | $ | 118,322 |  |  | $ | (21,337) |  |  | $ | 96,985 |
Customer relationships | 5 ‑ 10 years |  | 34,031 |  |  | (6,731) |  |  | 27,300 |  |  | 33,223 |  |  | (4,716) |  |  | 28,507 |
Issued trademarks | 3 ‑ 23 years |  | 6,706 |  |  | (2,744) |  |  | 3,962 |  |  | 6,706 |  |  | (1,784) |  |  | 4,922 |
Issued patents | 8 ‑ 26 years |  | 2,970 |  |  | (1,501) |  |  | 1,469 |  |  | 2,931 |  |  | (1,470) |  |  | 1,461 |
Domain names | 5 ‑ 10 years |  | 3,043 |  |  | (2,586) |  |  | 457 |  |  | 3,043 |  |  | (2,433) |  |  | 610 |
Total amortizable |  |  | 180,322 |  |  | (45,048) |  |  | 135,274 |  |  | 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 |  |  | 496 |  |  | — |  |  | 496 |  |  | 604 |  |  | — |  |  | 604 |
Total non-amortizable |  |  | 27,314 |  |  | — |  |  | 27,314 |  |  | 42,672 |  |  | — |  |  | 42,672 |
Total intangible assets |  |  | $ | 207,636 |  |  | $ | (45,048) |  |  | $ | 162,588 |  |  | $ | 206,897 |  |  | $ | (31,740) |  |  | $ | 175,157 |
(1) Consists of in-process research and development costs pertaining to the acquisition of Dedrone Holdings, Inc. ("Dedrone"). During the six months ended June 30, 2025, approximately $15.3 million has been placed into service. Amortization expense of intangible assets for the three and six months ended June 30, 2025 was $6.7 million and $13.3 million, respectively. Amortization expense of intangible assets for the three and six months ended June 30, 2024 was $3.9 million and $6.9 million, respectively. Estimated amortization for intangible assets with definite lives for the remaining six months of 2025, the next five years ended December 31, and thereafter, is as follows (in thousands):
2025 remaining | $ | 13,418 |
2026 | 26,818 |
2027 | 25,586 |
2028 | 24,600 |
2029 | 22,365 |
2030 | 13,376 |
Thereafter | 9,111 |
Total | $ | 135,274 |

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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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