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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net | Goodwill and Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist. As of the first day of the fourth quarters of 2022, 2021, and 2020, the company's annual impairment testing did not result in any additional impairment of goodwill of companies acquired. Goodwill of companies acquired, allocated to the company's business segments, is as follows:
(thousands) |  | Global Components |  | Global ECS |  | Total
Balance as of December 31, 2020 (a) |  | $ | 894,975 |  |  | $ | 1,220,494 |  |  | $ | 2,115,469 |
Foreign currency translation adjustment |  | (12,027) |  |  | (23,071) |  |  | (35,098) |
Balance as of December 31, 2021 (a) |  | $ | 882,948 |  |  | $ | 1,197,423 |  |  | $ | 2,080,371 |
Foreign currency translation adjustment |  | (9,945) |  |  | (42,800) |  |  | (52,745) |
Balance as of December 31, 2022 (a) |  | $ | 873,003 |  |  | $ | 1,154,623 |  |  | $ | 2,027,626 |
(a) The total carrying value of goodwill as of December 31, 2022, 2021, and 2020 in the table above is reflected net of $1.6 billion of accumulated impairment charges, of which $1.3 billion was recorded in the global components business segment and $301.9 million was recorded in the global ECS business segment. Intangible assets, net, are comprised of the following as of December 31, 2022:
(thousands) |  |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer relationships |  |  | $ | 268,180 |  |  | $ | (144,655) |  |  | $ | 123,525 |
Amortizable trade name |  |  | 74,011 |  |  | (38,399) |  |  | 35,612 |
|  |  | $ | 342,191 |  |  | $ | (183,054) |  |  | $ | 159,137 |
Intangible assets, net, are comprised of the following as of December 31, 2021:
(thousands) |  |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer relationships |  |  | $ | 322,335 |  |  | $ | (173,123) |  |  | $ | 149,212 |
Amortizable trade name |  |  | 74,049 |  |  | (28,232) |  |  | 45,817 |
|  |  | $ | 396,384 |  |  | $ | (201,355) |  |  | $ | 195,029 |
Amortization expense related to identifiable intangible assets was $34.7 million, $36.9 million, and $38.4 million for the years ended December 31, 2022, 2021, and 2020, respectively. Amortization expense for each of the years 2023 through 2027 is estimated to be approximately $31.2 million, $29.5 million, $20.3 million, $19.5 million, and $18.9 million, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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