v3.25.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill for the three months ended March 31, 2025 were as follows (in thousands):
Connected DevicesSoftware 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 adjustments119 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.
Schedule of Intangible Assets other than Goodwill
Intangible assets (other than goodwill) consisted of the following at March 31, 2025 and December 31, 2024 (in thousands):
March 31, 2025December 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—25,75041,000—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.
Schedule of Finite-Lived Intangible Assets
Intangible assets (other than goodwill) consisted of the following at March 31, 2025 and December 31, 2024 (in thousands):
March 31, 2025December 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—25,75041,000—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.
Schedule of Estimated Amortization Expense of Intangible Assets 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 
202626,744 
202725,512 
202824,526 
202922,291 
203013,302 
Thereafter8,995 
Total$141,486