Intangible Assets, Net

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets

The following table shows changes in the carrying amount of intangible assets, net, by reportable segment.

	Mobile Solutions		Power Solutions		Total
Balance as of December 31, 2021	$	25,709	$	63,009	$	88,718
Amortization	(3,353)		(12,474)		(15,827)
Balance as of December 31, 2022	22,356		50,535		72,891
Amortization	(3,353)		(10,814)		(14,167)
Balance as of December 31, 2023	$	19,003	$	39,721	$	58,724

The following table shows the cost and accumulated amortization of our intangible assets as of December 31, 2023 and 2022.

	December 31, 2023						December 31, 2022
	Gross Carrying Value as of Acquisition Date		Accumulated Amortization		Net Carrying Value		Gross Carrying Value as of Acquisition Date		Accumulated Amortization		Net Carrying Value
Customer relationships	$	171,846	$	(114,671)	$	57,175	$	173,746	$	(103,021)	$	70,725
Trademark and trade name	7,527		(5,978)		1,549		7,527		(5,361)		2,166
Total identified intangible assets	$	179,373	$	(120,649)	$	58,724	$	181,273	$	(108,382)	$	72,891

Intangible assets that are fully amortized are removed and no longer represented in the gross carrying value or accumulated amortization.

The following table shows estimated future amortization expense for each of the next five years.

Year Ending December 31,
2024	$	13,824
2025	13,824
2026	13,824
2027	11,663
2028	3,353

Intangible assets are reviewed for impairment when changes in circumstances indicate the carrying value of those assets may not be recoverable. There were no impairment charges for the years ended December 31, 2023, 2022 and 2021.