XML 41 R31.htm IDEA: XBRL DOCUMENT v3.23.1
Goodwill and Intangible Assets, Net (Tables)
3 Months Ended
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.comOtherTotal
Balance as of January 1, 2023
$148,183 $— $148,183 
Goodwill acquired7,200 — 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 NameCapitalized Software Development CostsTotal
Balance as of January 1, 2023
$47,522 $33,553 $1,383 $— $82,458 
Intangible assets acquired2,395 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 technology62,994 (26,701)36,293 5.5
Trade name4,474 (2,731)1,743 3.0
Capitalized software development costs362 — 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 technology58,478 (24,925)33,553 5.8
Trade name3,937 (2,554)1,383 2.4
Total intangible assets$188,300 $(105,842)$82,458 6.5