Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.19.1
Intangible Assets
 3 Months Ended
Mar. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The following table summarizes acquired intangible assets as follows: 
March 30, 2019 December 31, 2018
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents 11 years $ 2,146  $ 1,738  $ 2,146  $ 1,716 
Non-compete Agreement 4 years 10,900  5,429  10,900  4,680 
Trade Names 10 years 11,438  5,449  11,454  5,182 
Completed and Unpatented Technology 10 years 36,378  15,897  36,406  14,964 
Customer Relationships 15 years 136,845  40,061  136,894  37,875 
Total Intangible Assets 13 years $ 197,707  $ 68,574  $ 197,800  $ 64,417 
Additionally, net Intangible Assets of $651 are classified in Assets Held for Sale at December 31, 2018. Refer to Note 18.
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 30, 2019 March 31, 2018
Amortization Expense
 $ 4,224  $ 6,001 
Amortization expense for acquired intangible assets expected for 2019 and for each of the next five years is summarized as follows:
(In thousands)
2019 $ 16,616 
2020 15,903 
2021 13,993 
2022 13,569 
2023 12,402 
2024 10,931