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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Changes in the carrying amount of goodwill in the HDMC and LiveWire segments for the years ended December 31, was as follows (in thousands): 
2023
HDMCLiveWireTotal
Balance, beginning of period$53,763 $8,327 $62,090 
Currency translation606 — 606 
Balance, end of period$54,369 $8,327 $62,696 

2022
HDMCLiveWireTotal
Balance, beginning of period$54,850 $8,327 $63,177 
Currency translation(1,087)— (1,087)
Balance, end of period$53,763 $8,327 $62,090 
The HDFS segment had no goodwill at December 31, 2023 or December 31, 2022.
Intangible assets, excluding goodwill, consist primarily of customer relationships and trademarks with useful lives ranging from 3 to 20 years. Intangible assets are amortized on a straight-line basis over their estimated useful lives. Intangible assets are recorded in Other long-term assets on the Consolidated balance sheets. Intangible assets at December 31, were as follows (in thousands):
20232022
Gross carrying amount$12,475 $10,864 
Accumulated amortization(5,447)(4,472)
$7,028 $6,392 
Amortization of intangible assets, excluding goodwill, recorded in Selling, administrative and engineering expense on the Consolidated statements of operations was $0.9 million, $0.8 million and $0.4 million for 2023, 2022 and 2021, respectively. Future amortization of the Company's intangible assets as of December 31, 2023 is as follows (in thousands):
2024$1,157 
20251,105 
20261,024 
2027622 
2028622 
Thereafter2,498 
$7,028