Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v2.4.0.8
Intangible Assets (Tables)
 9 Months Ended
Sep. 28, 2013
Summary of Acquired Intangible Assets

The following table summarizes acquired intangible assets as follows:

 

       September 28, 2013      December 31, 2012  
(In thousands)    Weighted
Average
Life		      Gross
Carrying
Amount		      Accumulated
Amortization		      Gross
Carrying
Amount		      Accumulated
Amortization		  

Patents

      12 Years       $ 1,271       $ 859       $ 1,271       $ 784   

Trade Names

      10 Years         6,653         375         2,453         162   

Completed and Unpatented Technology

      11 Years         9,677         2,233         6,377         1,749   

Backlog and Customer Relationships

      14 Years         74,272         5,312         13,085         3,968   
     

 

 

     

 

 

     

 

 

     

 

 

  

Total Intangible Assets

      14 Years       $ 91,873       $ 8,779       $ 23,186       $ 6,663   
Summary of Amortization Expense for Acquired Intangibles

Amortization expense for acquired intangibles is summarized as follows:

 

     Nine months Ended      Three Months Ended  
(In thousands)    September 28,
2013		      September 29,
2012		      September 28,
2013		      September 29,
2012		  

Amortization Expense

    $ 2,429       $ 1,667       $ 1,494       $ 1,013   
  

 

 

     

 

 

     

 

 

     

 

 

  
Summary of Amortization Expense for Intangible Assets for Each of Next Five Years

Amortization expense for intangible assets expected for 2013 and for each of the next five years is as follows:

 

(In thousands)       

2013

    $ 4,476   

2014

      8,107   

2015

      6,168   

2016

      5,992   

2017

      5,983   

2018

      5,892   
Peco, Inc [Member]
  
Summary of Acquired Intangible Assets

The amounts allocated to the purchased intangible assets consist of the following (in thousands):

 

     Weighted
Average Life		    Acquisition
Fair Value		  

Trade Names

    10 Years    $ 4,200   

Technology

    10 Years      3,300   

Customer Relationships/Backlog

    1.5 - 17 Years      61,500   
     

 

 

  
      $ 69,000