Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
6 Months Ended
Jun. 28, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:

 

       June 28, 2014      December 31, 2013  
(In thousands)    Weighted
Average Life
     Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 

Patents

     7 Years       $ 2,146       $ 984       $ 2,146       $ 891   

Trade Names

     8 Years         7,453         893         7,453         552   

Completed and Unpatented Technology

     9 Years         16,667         3,356         15,377         2,620   

Backlog and Customer Relationships

     11 Years         86,867         10,941         88,998         7,210   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total Intangible Assets

     8 Years       $ 113,133       $ 16,174       $ 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:

 

     Six Months Ended      Three Months Ended  
(In thousands)    June 28,
2014
     June 29,
2013
     June 28,
2014
     June 29,
2013
 

Amortization Expense

   $ 4,904       $ 935       $ 2,437       $ 468   
  

 

 

    

 

 

    

 

 

    

 

 

 

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

 

(In thousands)       

2014

   $ 9,927   

2015

     7,907   

2016

     7,731   

2017

     7,723   

2018

     7,632   

2019

     7,513