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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2024
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, 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 |
Amortization | (3,354) |  |  | (10,369) |  |  | (13,723) |
Intangible assets sold (1) | — |  |  | (591) |  |  | (591) |
Balance as of December 31, 2024 | $ | 15,649 |  |  | $ | 28,761 |  |  | $ | 44,410 |
_______________________________ (1) Represents customer relationships associated with the Industrial Molding Corporation business, which was sold during the year ended December 31, 2024 (see Note 18). The following table shows the cost and accumulated amortization of our intangible assets as of December 31, 2024 and 2023.
| December 31, 2024 |  | December 31, 2023
| 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 | $ | 169,416 |  |  | $ | (126,281) |  |  | $ | 43,135 |  |  | $ | 171,846 |  |  | $ | (114,671) |  |  | $ | 57,175 |
Trademark and trade name | 4,100 |  |  | (2,825) |  |  | 1,275 |  |  | 7,527 |  |  | (5,978) |  |  | 1,549 |
Total identified intangible assets | $ | 173,516 |  |  | $ | (129,106) |  |  | $ | 44,410 |  |  | $ | 179,373 |  |  | $ | (120,649) |  |  | $ | 58,724 |
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, |
2025 | $ | 13,621 |
2026 | 13,621 |
2027 | 11,579 |
2028 | 3,353 |
2029 | 2,236 |
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, 2024, 2023, and 2022.

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