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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
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):
| 2024 |  |
| HDMC | LiveWire | Total |  |
Balance, beginning of period | $ | 54,369 |  | $ | 8,327 |  | $ | 62,696 |  |  |
Currency translation | (1,041) |  | — |  | (1,041) |  |  |
Balance, end of period | $ | 53,328 |  | $ | 8,327 |  | $ | 61,655 |  |  |
| 2023 |  |
| HDMC | LiveWire | Total |  |
Balance, beginning of period | $ | 53,763 |  | $ | 8,327 |  | $ | 62,090 |  |  |
Currency translation | 606 |  | — |  | 606 |  |  |
Balance, end of period | $ | 54,369 |  | $ | 8,327 |  | $ | 62,696 |  |  |
The HDFS segment had no goodwill at December 31, 2024 or December 31, 2023. 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):
| 2024 |  | 2023 |  |
Gross carrying amount | $ | 11,889 |  |  | $ | 12,475 |  |  |
Accumulated amortization | (6,315) |  |  | (5,447) |  |  |
| $ | 5,574 |  |  | $ | 7,028 |  |  |
Amortization of intangible assets, excluding goodwill, recorded in Selling, administrative and engineering expense on the Consolidated statements of operations was $1.1 million, $0.9 million and $0.8 million for 2024, 2023 and 2022, respectively. Future amortization of the Company's intangible assets as of December 31, 2024 is as follows (in thousands):
2025 | $ | 1,084 |
2026 | 1,003 |
2027 | 600 |
2028 | 600 |
2029 | 410 |
Thereafter | 1,877 |
| $ | 5,574 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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