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Goodwill and Intangible Assets, Net
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
The changes in goodwill by reportable segment are outlined below (in thousands):
Alarm.comOtherTotal
Balance as of January 1, 2020$104,963 $— $104,963 
Goodwill acquired— — — 
Measurement period adjustment699 — 699 
Balance as of September 30, 2020$105,662 $— $105,662 

Due to the current uncertainty in the financial markets resulting from the COVID-19 pandemic, we assessed our goodwill for indicators of impairment during the three and nine months ended September 30, 2020. We elected to perform a qualitative assessment as of September 30, 2020 and determined there was no impairment of goodwill during the three and nine months ended September 30, 2020. There was also no impairment of goodwill during the three and nine months ended September 30, 2019.

The following table reflects changes in the net carrying amount of the components of intangible assets (in thousands):
Customer
Relationships
Developed
Technology
Trade NameTotal
Balance as of January 1, 2020$84,396 $16,820 $2,222 $103,438 
Amortization(10,412)(1,371)(271)(12,054)
Balance as of September 30, 2020$73,984 $15,449 $1,951 $91,384 

We recorded $4.0 million and $12.1 million of amortization related to our intangible assets for the three and nine months ended September 30, 2020, respectively, as compared to $3.4 million and $10.3 million for the same periods in the prior year. There were no impairments of long-lived intangible assets during the three and nine months ended September 30, 2020 and 2019.

The following tables reflect the weighted average remaining life and carrying value of finite-lived intangible assets (in thousands, except weighted-average remaining life):
 September 30, 2020
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
Weighted-
Average
Remaining Life
Customer relationships$123,731 $(49,747)$73,984 9.2
Developed technology30,542 (15,093)15,449 7.9
Trade name3,304 (1,353)1,951 4.0
Other234 (234)— 0.0
Total intangible assets$157,811 $(66,427)$91,384 
 December 31, 2019
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
Weighted-
Average
Remaining Life
Customer relationships$123,731 $(39,335)$84,396 9.8
Developed technology30,542 (13,722)16,820 8.7
Trade name3,304 (1,082)2,222 4.8
Other234 (234)— 0.0
Total intangible assets$157,811 $(54,373)$103,438