Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for the nine months ended September 30, 2024 were as follows (in thousands):


	TASER		Software and Sensors		Total
Balance, beginning of period	$	2,984	$	54,961	$	57,945
Goodwill acquired	—		250,653		250,653
Purchase accounting adjustments	—		(364)		(364)
Foreign currency translation adjustments	(14)		252		238
Balance, end of period	$	2,970	$	305,502	$	308,472

Intangible assets (other than goodwill) consisted of the following at September 30, 2024 and December 31, 2023 (in thousands):


		September 30, 2024						December 31, 2023
	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	$	82,531	$	(21,478)	$	61,053	$	29,402	$	(16,562)	$	12,840
Customer relationships	4 ‑ 10 years	18,649		(3,730)		14,919		5,530		(3,620)		1,910
Trademarks	3 ‑ 15 years	3,214		(1,312)		1,902		1,333		(817)		516
Issued patents	5 ‑ 25 years	3,019		(1,553)		1,466		3,222		(1,707)		1,515
Domain names	3 ‑ 10 years	3,043		(2,357)		686		3,043		(2,128)		915
Non-compete agreements	3 ‑ 4 years	—		—		—		448		(448)		—
Total amortizable intangible assets		110,456		(30,430)		80,026		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		654		—		654		775		—		775
Total non-amortizable intangible assets		1,722		—		1,722		1,843		—		1,843
Total intangible assets		$	112,178	$	(30,430)	$	81,748	$	44,821	$	(25,282)	$	19,539

Amortization expense of intangible assets for the three and nine months ended September 30, 2024 was $3.8 million and $10.7 million, respectively. Amortization expense of intangible assets for the three and nine months ended September 30, 2023 was $1.3 million and $3.2 million, respectively. Estimated amortization for intangible assets with definite lives for the remaining three months of 2024, the next five years ended December 31, and thereafter, is as follows (in thousands):


2024 remaining	$	3,840
2025	12,536
2026	12,341
2027	11,400
2028	11,289
2029	11,105
Thereafter	17,515
Total	$	80,026