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Goodwill and Intangible Assets, Net
 3 Months Ended
Mar. 31, 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.com
 
Other
 
Total
Balance as of January 1, 2020
$
104,963

 
$
—

 
$
104,963

Goodwill acquired
—

 
—

 
—

Balance as of March 31, 2020
$
104,963

 
$
—

 
$
104,963



Due to the current uncertainty in the financial markets resulting from the global COVID-19 pandemic, we assessed our goodwill for indicators of impairment during the three months ended March 31, 2020. We elected to perform a qualitative assessment as of March 31, 2020 and determined there was no impairment of goodwill during the three months ended March 31, 2020. There was also no impairment of goodwill during the three months ended March 31, 2019.

The following table reflects changes in the net carrying amount of the components of intangible assets (in thousands):
 
Customer
Relationships
 
Developed
Technology
 
Trade Name
 
Total
Balance as of January 1, 2020
$
84,396

 
$
16,820

 
$
2,222

 
$
103,438

Amortization
(3,471
)
 
(457
)
 
(90
)
 
(4,018
)
Balance as of March 31, 2020
$
80,925

 
$
16,363

 
$
2,132

 
$
99,420



We recorded $4.0 million of amortization related to our intangible assets for the three months ended March 31, 2020, as compared to $3.5 million for the same period in the prior year. There were no impairments of long-lived intangible assets during the three months ended March 31, 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):
 
March 31, 2020
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
 
Weighted-
Average
Remaining Life
Customer relationships
$
123,731

 
$
(42,806
)
 
$
80,925

 
9.6

Developed technology
30,542

 
(14,179
)
 
16,363

 
8.4

Trade name
3,304

 
(1,172
)
 
2,132

 
4.5

Other
234

 
(234
)
 
—

 
—

Total intangible assets
$
157,811

 
$
(58,391
)
 
$
99,420

 
 
 
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 technology
30,542

 
(13,722
)
 
16,820

 
8.7

Trade name
3,304

 
(1,082
)
 
2,222

 
4.8

Other
234

 
(234
)
 
—

 
—

Total intangible assets
$
157,811

 
$
(54,373
)
 
$
103,438