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Goodwill and Intangible Assets, Net
9 Months Ended
Sep. 30, 2023
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, 2023
$148,183 $— $148,183 
Goodwill acquired7,200 — 7,200 
Measurement period adjustments(1,509)— (1,509)
Foreign currency translation adjustment (27)— (27)
Balance as of September 30, 2023$153,847 $— $153,847 

On January 18, 2023, we acquired 100% of the issued and outstanding shares of capital stock of EBS and initially recorded $7.2 million of goodwill in the Alarm.com segment. The measurement period adjustments relate to the Noonlight and EBS working capital and tax adjustments during the three and nine months ended September 30, 2023.

The following table reflects changes in the net carrying amount of the components of intangible assets (in thousands):
Customer
Relationships
Developed
Technology
Trade NameCapitalized Software Development CostsTotal
Balance as of January 1, 2023
$47,522 $33,553 $1,383 $— $82,458 
Intangible assets acquired2,395 11,583 537 — 14,515 
Capitalized software development costs — — — 397 397 
Amortization(8,141)(6,168)(563)— (14,872)
Balance as of September 30, 2023$41,776 $38,968 $1,357 $397 $82,498 

We recorded $5.6 million and $14.9 million of amortization related to our intangible assets for the three and nine months ended September 30, 2023, respectively, as compared to $4.6 million and $13.7 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, 2023 and 2022. During the nine months ended September 30, 2022, we wrote-off $0.7 million in fully amortized intangible assets in the Alarm.com segment that were acquired in 2014 related to customer relationships, developed technology, trade name and other intangible assets that no longer existed as of January 1, 2022.
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, 2023
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
Weighted-
Average
Remaining Life
(in years)
Customer relationships$128,280 $(86,504)$41,776 6.4
Developed technology70,061 (31,093)38,968 5.0
Trade name4,474 (3,117)1,357 2.7
Capitalized software development costs397 — 397 3.0
Total intangible assets$203,212 $(120,714)$82,498 5.6
 December 31, 2022
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
Weighted-
Average
Remaining Life
(in years)
Customer relationships$125,885 $(78,363)$47,522 7.0
Developed technology58,478 (24,925)33,553 5.8
Trade name3,937 (2,554)1,383 2.4
Total intangible assets$188,300 $(105,842)$82,458 6.5