v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
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.
Schedule of Intangible Assets other than Goodwill
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.
Schedule of Finite-Lived Intangible Assets
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.
Schedule of Estimated Amortization Expense of Intangible Assets 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