Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.19.3
Intangible Assets
9 Months Ended
Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The following table summarizes acquired intangible assets as follows: 
September 28, 2019 December 31, 2018
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents 11 years $ 2,146    $ 1,782    $ 2,146    $ 1,716   
Non-compete Agreement 4 years 10,900    6,925    10,900    4,680   
Trade Names 10 years 11,419    5,983    11,454    5,182   
Completed and Unpatented Technology 10 years 42,904    17,782    36,406    14,964   
Customer Relationships 15 years 142,113    44,577    136,894    37,875   
Total Intangible Assets 13 years $ 209,482    $ 77,049    $ 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: 
Nine Months Ended Three Months Ended
(In thousands)
September 28, 2019 September 29, 2018 September 28, 2019 September 29, 2018
Amortization Expense
$ 12,746    $ 15,144    $ 4,394    $ 4,276   
Amortization expense for acquired intangible assets expected for 2019 and for each of the next five years is summarized as follows:
(In thousands)
2019 $ 17,131   
2020 16,888   
2021 14,978   
2022 14,554   
2023 13,386   
2024 11,920