v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
The changes in the carrying amount of goodwill for the six months ended June 30, 2026 were as follows (in thousands):
Connected DevicesSoftware and
Services		Total
Balance, beginning of period$51,249 $1,318,940 $1,370,189 
Goodwill acquired4,581 524,733 529,314 
Purchase accounting adjustments— 63 63 
Foreign currency translation adjustments(114)(625)(739)
Balance, end of period$55,716 $1,843,111 $1,898,827 
Schedule of Intangible Assets other than Goodwill
Intangible assets (other than goodwill) consisted of the following at June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026December 31, 2025
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
$262,122 $(63,653)$198,469 $183,122 $(44,399)$138,723 
Customer relationships
5 ‑ 10 years
68,231 (12,748)55,483 41,329 (8,960)32,369 
Issued trademarks
3 ‑ 23 years
11,986 (5,377)6,609 9,900 (3,856)6,044 
Issued patents
8 ‑ 26 years
3,002 (1,641)1,361 3,017 (1,602)1,415 
Domain names
5 ‑ 10 years
4,568 (2,968)1,600 3,043 (2,738)305 
Total amortizable349,909 (86,387)263,522 240,411 (61,555)178,856 
Non-amortizable (indefinite-lived) intangible assets:
In-process research and development (1)
16,600 — 16,600 16,600 — 16,600 
Trademarks1,068 — 1,068 1,068 — 1,068 
Patents and trademarks pending393 — 393 448 — 448 
Total non-amortizable18,061 — 18,061 18,116 — 18,116 
 Total intangible assets$367,970 $(86,387)$281,583 $258,527 $(61,555)$196,972 
(1)During the six months ended June 30, 2026, no in-process research and development costs were placed into service. During the six months ended June 30, 2025, approximately $15.3 million has been placed into service.
Intangible Asset, Finite-Lived
Intangible assets (other than goodwill) consisted of the following at June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026December 31, 2025
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
$262,122 $(63,653)$198,469 $183,122 $(44,399)$138,723 
Customer relationships
5 ‑ 10 years
68,231 (12,748)55,483 41,329 (8,960)32,369 
Issued trademarks
3 ‑ 23 years
11,986 (5,377)6,609 9,900 (3,856)6,044 
Issued patents
8 ‑ 26 years
3,002 (1,641)1,361 3,017 (1,602)1,415 
Domain names
5 ‑ 10 years
4,568 (2,968)1,600 3,043 (2,738)305 
Total amortizable349,909 (86,387)263,522 240,411 (61,555)178,856 
Non-amortizable (indefinite-lived) intangible assets:
In-process research and development (1)
16,600 — 16,600 16,600 — 16,600 
Trademarks1,068 — 1,068 1,068 — 1,068 
Patents and trademarks pending393 — 393 448 — 448 
Total non-amortizable18,061 — 18,061 18,116 — 18,116 
 Total intangible assets$367,970 $(86,387)$281,583 $258,527 $(61,555)$196,972 
(1)During the six months ended June 30, 2026, no in-process research and development costs were placed into service. 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 2026, the next five years ended December 31, and thereafter, is as follows (in thousands):
2026 remaining$26,872 
202752,521 
202850,289 
202947,336 
203035,726 
203118,341 
Thereafter32,437 
Total$263,522