Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.19.2
Intangible Assets (Tables)
 6 Months Ended
Jun. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Intangible Assets
The following table summarizes acquired intangible assets as follows: 
June 29, 2019 December 31, 2018
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents 11 years $ 2,146  $ 1,760  $ 2,146  $ 1,716 
Non-compete Agreement 4 years 10,900  6,177  10,900  4,680 
Trade Names 10 years 11,449  5,716  11,454  5,182 
Completed and Unpatented Technology 10 years 36,396  16,761  36,406  14,964 
Customer Relationships 15 years 136,878  42,316  136,894  37,875 
Total Intangible Assets 13 years $ 197,769  $ 72,730  $ 197,800  $ 64,417 
Summary of Amortization Expense for Acquired Intangibles
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 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018
Amortization Expense
 $ 8,352  $ 10,868  $ 4,128  $ 4,867 
Summary of Amortization Expense for Intangible Assets for Each of Next Five Years
Amortization expense for acquired intangible assets expected for 2019 and for each of the next five years is summarized as follows:
(In thousands)
2019 $ 16,628 
2020 15,903 
2021 13,993 
2022 13,569 
2023 12,402 
2024 10,931