Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 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	4,581		524,733		529,314
Purchase accounting adjustments	(23)		(13,223)		(13,246)
Foreign currency translation adjustments	(170)		(739)		(909)
Balance, end of period	$	55,637	$	1,829,711	$	1,885,348

Schedule of Intangible Assets other than Goodwill

Intangible assets (other than goodwill) consisted of the following at September 30, 2026 and December 31, 2025 (in thousands):

		September 30, 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	$	(73,940)	$	188,182	$	183,122	$	(44,399)	$	138,723
Customer relationships	5 ‑ 10 years	68,193		(14,875)		53,318		41,329		(8,960)		32,369
Issued trademarks	3 ‑ 23 years	11,984		(6,187)		5,797		9,900		(3,856)		6,044
Issued patents	8 ‑ 26 years	3,021		(1,642)		1,379		3,017		(1,602)		1,415
Domain names	5 ‑ 10 years	5,022		(3,120)		1,902		3,043		(2,738)		305
Total amortizable		350,342		(99,764)		250,578		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		571		—		571		448		—		448
Total non-amortizable		18,239		—		18,239		18,116		—		18,116
Total intangible assets		$	368,581	$	(99,764)	$	268,817	$	258,527	$	(61,555)	$	196,972

(1)During the nine months ended September 30, 2026, no in-process research and development costs were placed into service. During the nine months ended September 30, 2025, approximately $15.3 million had been placed into service.

Intangible Asset, Finite-Lived

Intangible assets (other than goodwill) consisted of the following at September 30, 2026 and December 31, 2025 (in thousands):

		September 30, 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	$	(73,940)	$	188,182	$	183,122	$	(44,399)	$	138,723
Customer relationships	5 ‑ 10 years	68,193		(14,875)		53,318		41,329		(8,960)		32,369
Issued trademarks	3 ‑ 23 years	11,984		(6,187)		5,797		9,900		(3,856)		6,044
Issued patents	8 ‑ 26 years	3,021		(1,642)		1,379		3,017		(1,602)		1,415
Domain names	5 ‑ 10 years	5,022		(3,120)		1,902		3,043		(2,738)		305
Total amortizable		350,342		(99,764)		250,578		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		571		—		571		448		—		448
Total non-amortizable		18,239		—		18,239		18,116		—		18,116
Total intangible assets		$	368,581	$	(99,764)	$	268,817	$	258,527	$	(61,555)	$	196,972

(1)During the nine months ended September 30, 2026, no in-process research and development costs were placed into service. During the nine months ended September 30, 2025, approximately $15.3 million had 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 2026, the next five years ended December 31, and thereafter, is as follows (in thousands):

2026 remaining	$	13,445
2027	52,567
2028	50,334
2029	47,381
2030	35,772
2031	18,386
Thereafter	32,693
Total	$	250,578