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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets  
Schedule of Goodwill

The changes in the carrying amount of goodwill for the three months ended March 31, 2024 were as follows (in thousands):

    

    

Software and

    

TASER

Sensors

Total

Balance, beginning of period

$

2,984

$

54,961

$

57,945

Goodwill acquired

250,653

250,653

Purchase accounting adjustments

(231)

(231)

Foreign currency translation adjustments

 

(37)

 

140

 

103

Balance, end of period

$

2,947

$

305,523

$

308,470

Intangible Assets Other than goodwill

Intangible assets (other than goodwill) consisted of the following at March 31, 2024 and December 31, 2023 (in thousands):

March 31, 2024

December 31, 2023

    

    

Gross

    

    

Net

    

Gross

    

    

Net

Useful

Carrying

Accumulated

Carrying

Carrying

Accumulated

Carrying

Life

Amount

Amortization

Amount

Amount

Amortization

Amount

Amortizable (definite-lived) intangible assets:

 

  

 

  

 

  

 

  

 

  

Domain names

 

3 ‑ 10 years

$

3,043

(2,205)

$

838

$

3,043

$

(2,128)

$

915

Issued patents

 

5 ‑ 25 years

 

3,147

(1,648)

 

1,499

 

3,222

 

(1,707)

 

1,515

Trademarks

 

3 ‑ 15 years

 

3,214

(935)

 

2,279

 

1,333

 

(817)

 

516

Customer relationships

 

4 ‑ 10 years

 

18,629

(2,719)

 

15,910

 

5,530

 

(3,620)

 

1,910

Non-compete agreements

 

3 ‑ 4 years

 

 

 

448

 

(448)

 

Developed technology

 

3 ‑ 8 years

 

82,532

(15,438)

 

67,094

 

29,402

 

(16,562)

 

12,840

Total amortizable

 

  

 

110,565

 

(22,945)

 

87,620

 

42,978

 

(25,282)

 

17,696

Non-amortizable (indefinite-lived) intangible assets:

 

  

 

  

 

  

 

  

 

  

Trademarks

 

  

 

1,068

 

 

1,068

 

1,068

 

 

1,068

Patents and trademarks pending

 

  

 

731

 

 

731

 

775

 

 

775

Total non-amortizable

 

  

 

1,799

 

 

1,799

 

1,843

 

 

1,843

Total intangible assets

 

  

$

112,364

$

(22,945)

$

89,419

$

44,821

$

(25,282)

$

19,539

Estimated Amortization Expense of Intangible Assets Estimated amortization for intangible assets with definite lives for the remaining nine months of 2024, the next five years ended December 31, and thereafter, is as follows (in thousands):

2024 remaining

    

$

11,520

2025

 

12,534

2026

 

12,336

2027

 

11,394

2028

 

11,283

2029

 

11,098

Thereafter

 

17,455

Total

$

87,620