Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Note 7 - Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the year ended December 31, 2022 were as follows (in thousands):

			Software and
	TASER		Sensors		Total
Balance, beginning of period	$	1,396	$	42,196	$	43,592
Goodwill acquired		1,674		—		1,674
Purchase accounting adjustments		—		(58)		(58)
Foreign currency translation adjustments		(113)		(112)		(225)
Balance, end of period	$	2,957	$	42,026	$	44,983

Intangible assets (other than goodwill) consisted of the following (in thousands):

		December 31, 2022						December 31, 2021
		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	5 ‑ 10 years	$	3,043	$	(1,823)	$	1,220	$	3,043	$	(1,518)	$	1,525
Issued patents	5 ‑ 25 years		2,981		(1,507)		1,474		3,061		(1,457)		1,604
Issued trademarks	3 ‑ 15 years		1,119		(713)		406		1,130		(643)		487
Customer relationships	4 ‑ 8 years		4,892		(2,995)		1,897		4,985		(2,439)		2,546
Non-compete agreements	3 ‑ 4 years		447		(447)		—		454		(444)		10
Developed technology	3 ‑ 5 years		18,586		(13,244)		5,342		18,060		(10,465)		7,595
Total amortizable			31,068		(20,729)		10,339		30,733		(16,966)		13,767
Non-amortizable (indefinite-lived) intangible assets:
TASER trademark			900		—		900		900		—		900
My90 trademark			168		—		168		168		—		168
Patents and trademarks pending			751		—		751		635		—		635
Total non-amortizable			1,819		—		1,819		1,703		—		1,703
Total intangible assets		$	32,887	$	(20,729)	$	12,158	$	32,436	$	(16,966)	$	15,470

Amortization expense of intangible assets was $4.0 million, $2.9 million and $3.3 million for the years ended December 31, 2022, 2021 and 2020, respectively. Estimated amortization for intangible assets with definitive lives for the next five years ended December 31, and thereafter, is as follows (in thousands):

2023	$	3,786
2024		3,722
2025		887
2026		688
2027		354
Thereafter		902
Total	$	10,339