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Goodwill and Intangible Assets, Net (Tables) | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | 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 |
Schedule of Intangible Assets | 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 |
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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