Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
3 Months Ended
Mar. 29, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:

 

     March 29, 2014      December 31, 2013  
(In thousands)    Weighted
Average Life
   Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 

Patents

   11 Years    $ 2,146       $ 937       $ 2,146       $ 891   

Trade Names

   10 Years      7,453         720         7,453         552   

Completed and Unpatented Technology

   10 Years      16,727         2,948         15,377         2,620   

Backlog and Customer Relationships

   14 Years      88,984         9,135         88,998         7,210   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total Intangible Assets

   13 Years    $ 115,310       $ 13,740       $ 113,974       $ 11,273   
     

 

 

    

 

 

    

 

 

    

 

 

 

 

All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:

 

     Three Months Ended  
(In thousands)    March 29,
2014
     March 30,
2013
 

Amortization Expense

   $ 2,467       $ 468   
  

 

 

    

 

 

 

Amortization expense for intangible assets expected for 2014 and for each of the next five years is summarized as follows:

 

(In thousands)       

2014

   $ 10,079   

2015

     8,209   

2016

     8,033   

2017

     8,025   

2018

     7,934   

2019

     7,815