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Goodwill and Intangible Assets, Net | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net The changes in goodwill by reportable segment are outlined below (in thousands):
| Alarm.com |  | Other |  | Total
Balance as of January 1, 2023 | $ | 148,183 |  |  | $ | — |  |  | $ | 148,183 |
Goodwill acquired | 7,200 |  |  | — |  |  | 7,200 |
Measurement period adjustment | (187) |  |  | — |  |  | (187) |
Foreign currency translation adjustment | 91 |  |  | — |  |  | 91 |
Balance as of March 31, 2023 | $ | 155,287 |  |  | $ | — |  |  | $ | 155,287 |
On January 18, 2023, we acquired 100% of the issued and outstanding shares of capital stock of EBS and initially recorded $7.2 million of goodwill in the Alarm.com segment. The measurement period adjustment relates to the finalization of the Noonlight working capital adjustment as well as the tax adjustment during the three months ended March 31, 2023. The following table reflects changes in the net carrying amount of the components of intangible assets (in thousands):
| Customer Relationships |  | Developed Technology |  | Trade Name |  | Capitalized Software Development Costs |  | Total
Balance as of January 1, 2023 | $ | 47,522 |  |  | $ | 33,553 |  |  | $ | 1,383 |  |  | $ | — |  |  | $ | 82,458 |
Intangible assets acquired | 2,395 |  |  | 4,516 |  |  | 537 |  |  | — |  |  | 7,448 |
Capitalized software development costs | — |  |  | — |  |  | — |  |  | 362 |  |  | 362 |
Amortization | (2,670) |  |  | (1,776) |  |  | (177) |  |  | — |  |  | (4,623) |
Balance as of March 31, 2023 | $ | 47,247 |  |  | $ | 36,293 |  |  | $ | 1,743 |  |  | $ | 362 |  |  | $ | 85,645 |
We recorded $4.6 million of amortization related to our intangible assets for each of the three months ended March 31, 2023 and 2022. There were no impairments of long-lived intangible assets during the three months ended March 31, 2023 and 2022. During the three months ended March 31, 2022, we wrote-off $0.7 million in fully amortized intangible assets in the Alarm.com segment that were acquired in 2014 related to customer relationships, developed technology, trade name and other intangible assets that no longer existed as of January 1, 2022. The following tables reflect the weighted average remaining life and carrying value of finite-lived intangible assets (in thousands, except weighted-average remaining life):
| March 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted- Average Remaining Life (in years)
Customer relationships | $ | 128,280 |  |  | $ | (81,033) |  |  | $ | 47,247 |  |  | 6.8
Developed technology | 62,994 |  |  | (26,701) |  |  | 36,293 |  |  | 5.5
Trade name | 4,474 |  |  | (2,731) |  |  | 1,743 |  |  | 3.0
Capitalized software development costs | 362 |  |  | — |  |  | 362 |  |  | 5.0
Total intangible assets | $ | 196,110 |  |  | $ | (110,465) |  |  | $ | 85,645 |  |  | 6.2
| December 31, 2022
| Gross Carrying Amount |  |  |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted- Average Remaining Life (in years)
Customer relationships | $ | 125,885 |  |  |  |  | $ | (78,363) |  |  | $ | 47,522 |  |  | 7.0
Developed technology | 58,478 |  |  |  |  | (24,925) |  |  | 33,553 |  |  | 5.8
Trade name | 3,937 |  |  |  |  | (2,554) |  |  | 1,383 |  |  | 2.4
Total intangible assets | $ | 188,300 |  |  |  |  | $ | (105,842) |  |  | $ | 82,458 |  |  | 6.5

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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