Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill for the three months ended March 31, 2026 were as follows (in thousands):

	Connected Devices		Software and Services		Total
Balance, beginning of period	$	51,249	$	1,318,940	$	1,370,189
Goodwill acquired	—		524,733		524,733
Purchase accounting adjustments	—		(82)		(82)
Foreign currency translation adjustments	(21)		(443)		(464)
Balance, end of period	$	51,228	$	1,843,148	$	1,894,376

Schedule of Intangible Assets other than Goodwill

Intangible assets (other than goodwill) consisted of the following at March 31, 2026 and December 31, 2025 (in thousands):

		March 31, 2026						December 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	$	(53,364)	$	208,758	$	183,122	$	(44,399)	$	138,723
Customer relationships	5 ‑ 10 years	68,289		(10,622)		57,667		41,329		(8,960)		32,369
Issued trademarks	3 ‑ 23 years	11,986		(4,566)		7,420		9,900		(3,856)		6,044
Issued patents	8 ‑ 26 years	3,009		(1,611)		1,398		3,017		(1,602)		1,415
Domain names	5 ‑ 10 years	4,568		(2,815)		1,753		3,043		(2,738)		305
Total amortizable		349,974		(72,978)		276,996		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
Trademarks		1,068		—		1,068		1,068		—		1,068
Patents and trademarks pending		405		—		405		448		—		448
Total non-amortizable		18,073		—		18,073		18,116		—		18,116
Total intangible assets		$	368,047	$	(72,978)	$	295,069	$	258,527	$	(61,555)	$	196,972

(1)During the three months ended March 31, 2026, no in-process research and development costs were placed into service.

Schedule of Finite-Lived Intangible Assets

Intangible assets (other than goodwill) consisted of the following at March 31, 2026 and December 31, 2025 (in thousands):

		March 31, 2026						December 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	$	(53,364)	$	208,758	$	183,122	$	(44,399)	$	138,723
Customer relationships	5 ‑ 10 years	68,289		(10,622)		57,667		41,329		(8,960)		32,369
Issued trademarks	3 ‑ 23 years	11,986		(4,566)		7,420		9,900		(3,856)		6,044
Issued patents	8 ‑ 26 years	3,009		(1,611)		1,398		3,017		(1,602)		1,415
Domain names	5 ‑ 10 years	4,568		(2,815)		1,753		3,043		(2,738)		305
Total amortizable		349,974		(72,978)		276,996		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
Trademarks		1,068		—		1,068		1,068		—		1,068
Patents and trademarks pending		405		—		405		448		—		448
Total non-amortizable		18,073		—		18,073		18,116		—		18,116
Total intangible assets		$	368,047	$	(72,978)	$	295,069	$	258,527	$	(61,555)	$	196,972

(1)During the three months ended March 31, 2026, no in-process research and development costs were placed into service.

Schedule of Estimated Amortization Expense of Intangible Assets

Estimated amortization for intangible assets with definite lives for the remaining nine months of 2026, the next five years ended December 31, and thereafter, is as follows (in thousands):

2026 remaining	$	40,339
2027	52,528
2028	50,296
2029	47,342
2030	35,733
2031	18,326
Thereafter	32,432
Total	$	276,996