v3.25.2
Goodwill and Intangible Assets
 6 Months Ended
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 DevicesSoftware and
Services		Total
Balance, beginning of period (1)
$46,674 $710,164 $756,838 
Goodwill acquired4,733 — 4,733 
Purchase accounting adjustments(285)(2,307)(2,592)
Foreign currency translation adjustments383 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, 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 $(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—25,75041,000—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 
202626,818 
202725,586 
202824,600 
202922,365 
203013,376 
Thereafter9,111 
Total$135,274