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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Other Intangible Assets [Abstract] |
Goodwill and Other Intangible Assets | Note 3 – Goodwill and Other Intangible Assets The Company performs its annual goodwill impairment test as of the first day of the fiscal fourth quarter. No impairment was identified as a result of the Company's annual impairment tests for 2022, 2021, and 2020. The changes in the carrying amount of goodwill by segment for the years ended December 31, 2022 and 2021 were as follows:
|  | MOSFETs |  |  | Optoelectronic Components |  |  | Resistors |  |  | Inductors |  |  | Total |
Balance at December 31, 2020 |  | $ | - |  |  | $ | 96,849 |  |  | $ | 35,519 |  |  | $ | 25,815 |  |  | $ | 158,183 |
Barry Industries acquisition |  |  | - |  |  |  | - |  |  |  | 7,813 |  |  |  | - |  |  |  | 7,813 |
Exchange rate effects |  |  | - |  |  |  | - |  |  |  | (727 | ) |  |  | - |  |  |  | (727 | )
Balance at December 31, 2021 |  | $ | - |  |  | $ | 96,849 |  |  | $ | 42,605 |  |  | $ | 25,815 |  |  | $ | 165,269 |
MaxPower acquisition |  |  | 36,885 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 36,885 |
Exchange rate effect |  |  | - |  |  |  | - |  |  |  | (722 | ) |  |  | - |  |  |  | (722 | )
Balance at December 31, 2022 |  | $ | 36,885 |  |  | $ | 96,849 |  |  | $ | 41,883 |  |  | $ | 25,815 |  |  | $ | 201,432 |
Other intangible assets are as follows:
|  | December 31, 2022 |  |  | December 31, 2021 |
Intangible assets subject to amortization: |  |  |  |  |  |
Patents and acquired technology |  | $ | 26,988 |  |  | $ | 21,207 |
Capitalized software |  |  | 58,735 |  |  |  | 57,909 |
Customer relationships |  |  | 82,816 |  |  |  | 75,190 |
Tradenames |  |  | 22,933 |  |  |  | 20,066 |
Other |  |  | 400 |  |  |  | 400 |
|  |  | 191,872 |  |  |  | 174,772 |
Accumulated amortization: |  |  |  |  |  |  |  |
Patents and acquired technology |  |  | (14,743 | ) |  |  | (14,212 | )
Capitalized software |  |  | (53,348 | ) |  |  | (52,729 | )
Customer relationships |  |  | (33,021 | ) |  |  | (29,531 | )
Tradenames |  |  | (12,731 | ) |  |  | (10,586 | )
Other |  |  | (133 | ) |  |  | - |
|  |  | (113,976 | ) |  |  | (107,058 | )
Net intangible assets subject to amortization |  | $ | 77,896 |  |  | $ | 67,714 |
Amortization expense (excluding capitalized software) was $8,127, $7,790, and $8,113, for the years ended December 31, 2022, 2021, and 2020, respectively. Estimated annual amortization expense of intangible assets on the balance sheet at December 31, 2022 for each of the next five years is as follows:
2023 |  | $ | 9,833 |
2024 |  |  | 9,537 |
2025 |  |  | 9,100 |
2026 |  |  | 8,314 |
2027 |  |  | 6,493 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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