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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2022
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, 2020 | $ | 29,062 |  |  | $ | 74,003 |  |  | $ | 103,065 |
Amortization | (3,353) |  |  | (10,994) |  |  | (14,347) |
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 |
The following table shows the cost and accumulated amortization of our intangible assets as of December 31, 2022 and 2021.
|  |  | December 31, 2022 |  | December 31, 2021
|  |  | 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 |  |  | $ | 173,746 |  |  | $ | (103,021) |  |  | $ | 70,725 |  |  | $ | 173,746 |  |  | $ | (87,895) |  |  | $ | 85,851 |
Trademark and trade name |  |  | 7,527 |  |  | (5,361) |  |  | 2,166 |  |  | 7,527 |  |  | (4,660) |  |  | 2,867 |
Total identified intangible assets |  |  | $ | 181,273 |  |  | $ | (108,382) |  |  | $ | 72,891 |  |  | $ | 181,273 |  |  | $ | (92,555) |  |  | $ | 88,718 |
At December 31, 2022, the estimated useful life of customer relationships and trademarks and trade names was 5.3 years and 5.7 years, respectively. 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, |
2023 | $ | 14,167 |
2024 | 13,824 |
2025 | 13,824 |
2026 | 13,824 |
2027 | 11,663 |
Intangible assets are reviewed for impairment when changes in circumstances indicate the carrying value of those assets may not be recoverable. As of December 31, 2022, our market capitalization was at a level that was less than the net book value of our stockholders’ equity, which was deemed a triggering event that caused us to perform impairment analyses on our long-lived assets. Based on our analyses, the carrying values of the long-lived assets were recoverable and no impairment charge was recorded during the year ended December 31, 2022.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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