Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in goodwill by reportable segment are outlined below (in thousands):


	Alarm.com		Other		Total
Balance as of January 1, 2021	$	112,838	$	—	$	112,838
Goodwill acquired	—		—		—

Balance as of March 31, 2021	$	112,838	$	—	$	112,838

There were no impairments of goodwill during the three months ended March 31, 2021 and 2020.

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, 2021	$	72,670	$	28,223	$	2,366	$	103,259
Amortization	(3,290)		(836)		(135)		(4,261)
Balance as of March 31, 2021	$	69,380	$	27,387	$	2,231	$	98,998

We recorded $4.3 million of amortization related to our intangible assets for the three months ended March 31, 2021, as compared to $4.0 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, 2021 and 2020.

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, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted- Average Remaining Life (in years)
Customer relationships	$	126,093	$	(56,713)	$	69,380	8.6
Developed technology	44,064		(16,677)		27,387		7.1
Trade name	3,815		(1,584)		2,231		3.8
Other	234		(234)		—		0.0
Total intangible assets	$	174,206	$	(75,208)	$	98,998


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted- Average Remaining Life (in years)
Customer relationships	$	126,093	$	(53,423)	$	72,670	8.8
Developed technology	44,064		(15,841)		28,223		7.3
Trade name	3,815		(1,449)		2,366		4.0
Other	234		(234)		—		0.0
Total intangible assets	$	174,206	$	(70,947)	$	103,259