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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill for the nine months ended September 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 15,517 20,250 
Purchase accounting adjustments(446)(7,082)(7,528)
Foreign currency translation adjustments281 3,545 3,826 
Balance, end of period$51,242 $722,144 $773,386 
(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 September 30, 2025 and December 31, 2024 (in thousands):
September 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
$136,972 $(36,884)$100,088 $118,322 $(21,337)$96,985 
Customer relationships
5 ‑ 10 years
34,027 (7,663)26,364 33,223 (4,716)28,507 
Issued trademarks
3 ‑ 23 years
6,704 (3,221)3,483 6,706 (1,784)4,922 
Issued patents
8 ‑ 26 years
2,990 (1,552)1,438 2,931 (1,470)1,461 
Domain names
5 ‑ 10 years
3,043 (2,662)381 3,043 (2,433)610 
Total amortizable 183,736 (51,982)131,754 164,225 (31,740)132,485 
Non-amortizable (indefinite-lived) intangible assets:     
In-process research and development (1)
25,750 — 25,750 41,000 — 41,000 
Trademarks 1,068 — 1,068 1,068 — 1,068 
Patents and trademarks pending 476 — 476 604 — 604 
Total non-amortizable 27,294 — 27,294 42,672 — 42,672 
 Total intangible assets $211,030 $(51,982)$159,048 $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 nine months ended September 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 September 30, 2025 and December 31, 2024 (in thousands):
September 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
$136,972 $(36,884)$100,088 $118,322 $(21,337)$96,985 
Customer relationships
5 ‑ 10 years
34,027 (7,663)26,364 33,223 (4,716)28,507 
Issued trademarks
3 ‑ 23 years
6,704 (3,221)3,483 6,706 (1,784)4,922 
Issued patents
8 ‑ 26 years
2,990 (1,552)1,438 2,931 (1,470)1,461 
Domain names
5 ‑ 10 years
3,043 (2,662)381 3,043 (2,433)610 
Total amortizable 183,736 (51,982)131,754 164,225 (31,740)132,485 
Non-amortizable (indefinite-lived) intangible assets:     
In-process research and development (1)
25,750 — 25,750 41,000 — 41,000 
Trademarks 1,068 — 1,068 1,068 — 1,068 
Patents and trademarks pending 476 — 476 604 — 604 
Total non-amortizable 27,294 — 27,294 42,672 — 42,672 
 Total intangible assets $211,030 $(51,982)$159,048 $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 nine months ended September 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 three months of 2025, the next five years ended December 31, and thereafter, is as follows (in thousands):
2025 remaining$7,048 
202628,179 
202726,946 
202824,714 
202922,366 
203013,377 
Thereafter9,124 
Total$131,754