| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
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June 29, 2019 |
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December 31, 2018 |
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| (In thousands) |
Weighted
Average Life
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Gross Carrying
Amount
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Accumulated
Amortization
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Gross Carrying
Amount
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Accumulated
Amortization
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| Patents |
11 years |
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$ |
2,146 |
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$ |
1,760 |
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$ |
2,146 |
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$ |
1,716 |
| Non-compete Agreement |
4 years |
|
10,900 |
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6,177 |
|
10,900 |
|
4,680 |
| Trade Names |
10 years |
|
11,449 |
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5,716 |
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11,454 |
|
5,182 |
| Completed and Unpatented Technology |
10 years |
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36,396 |
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16,761 |
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36,406 |
|
14,964 |
| Customer Relationships |
15 years |
|
136,878 |
|
42,316 |
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136,894 |
|
37,875 |
| Total Intangible Assets |
13 years |
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$ |
197,769 |
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$ |
72,730 |
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$ |
197,800 |
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$ |
64,417 |
Additionally, net Intangible Assets of $651 are classified in Assets Held for Sale at December 31, 2018. Refer to Note 18.
All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:
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Six Months Ended |
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Three Months Ended |
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(In thousands) |
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June 29, 2019 |
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June 30, 2018 |
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June 29, 2019 |
|
June 30, 2018 |
Amortization Expense |
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$ |
8,352 |
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$ |
10,868 |
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$ |
4,128 |
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$ |
4,867 |
Amortization expense for acquired intangible assets expected for 2019 and for each of the next five years is summarized as follows:
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(In thousands) |
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| 2019 |
$ |
16,628 |
| 2020 |
15,903 |
| 2021 |
13,993 |
| 2022 |
13,569 |
| 2023 |
12,402 |
| 2024 |
10,931 |
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