| Intangible Assets |
Intangible Assets
The following table summarizes acquired intangible assets as follows:
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March 28, 2020 |
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December 31, 2019 |
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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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$ |
1,826 |
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$ |
2,146 |
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$ |
1,804 |
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| Non-compete Agreement |
4 years |
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11,318 |
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|
8,363 |
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11,318 |
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|
7,696 |
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| Trade Names |
10 years |
|
11,433 |
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|
6,797 |
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11,438 |
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6,550 |
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| Completed and Unpatented Technology |
9 years |
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48,192 |
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22,268 |
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48,201 |
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21,196 |
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| Customer Relationships |
15 years |
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142,194 |
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53,021 |
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|
142,212 |
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|
50,776 |
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| Total Intangible Assets |
12 years |
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$ |
215,283 |
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$ |
92,275 |
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$ |
215,315 |
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$ |
88,022 |
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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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Three Months Ended |
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(In thousands) |
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March 28, 2020 |
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March 30, 2019 |
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Amortization Expense |
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$ |
4,265 |
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$ |
4,224 |
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Amortization expense for acquired intangible assets expected for 2020 and for each of the next five years is summarized as follows:
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(In thousands) |
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| 2020 |
$ |
17,198 |
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| 2021 |
$ |
15,404 |
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| 2022 |
$ |
14,973 |
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| 2023 |
$ |
13,938 |
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| 2024 |
$ |
12,917 |
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| 2025 |
$ |
10,994 |
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